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Yoga Alliance and YA+ have released their 2011 financials by posting them on this website. The combined organizations reported revenue of approximately $3.25 million in 2011, which represents a 37 percent increase over the $2.37 million generated in 2010. They also ended the year with a surplus of $78,806, which was down from $364,188 in 2010.
According to the financial statements, the not-for-profit organizations also had approximately $2 million in total assets as of Dec. 31, 2011, including almost $1.2 million in cash and short-term investments.
“In a time of great economic hardship, especially for nonprofits, Yoga Alliance and YA+ are fortunate to be in a very strong financial position,” said Richard Karpel, who became president and CEO of both organizations in July 2012. “We plan to use that strength to provide yoga schools and teachers with the benefits, services and representation they deserve.”
Karpel said that he and his staff would be happy to answer questions that Yoga Alliance registrants and YA+ members may have about the financials, which are posted below as PDFs. One of the documents contains Yoga Alliance’s Form 990 filed earlier this year with the Internal Revenue Service. (YA+ was not required to file a return with the IRS since it had less than $50,000 in revenue in 2011.) The other contains the audited financial statements of the combined organizations, which was recently approved by the Yoga Alliance/YA+ Boards of Directors.
Questions about the financials should be sent to info(at)yogaalliance.org, with the subject line “Financials.”
Yoga Alliance, a 501(c)(3) tax-exempt organization founded in 1999, acts in the public interest by setting standards for the training of yoga teachers, and operates a registry of yoga schools and teachers who follow those standards. YA+, a 501(c)(6) nonprofit association incorporated in 2011, is Yoga Alliance’s sister membership organization.