Wisdom Publication Inc
- Assets
- $5.9m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 14
- Location
- Somerville, MA
- Founding
- 12/1988
- Data as of
- 12/2021
- EIN
- 04-2979113
Organization Overview
Wisdom Publication Inc is located in Somerville, MA. The organization was established in 1988. According to its NTEE Classification (A33) the organization is classified as: Printing & Publishing, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Wisdom Publication Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wisdom Publication Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Wisdom Publication Inc generated $2.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $1.8m during the year ending 12/2021. While expenses have increased by 0.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PUBLISH BOOKS AND OTHER MEDIA TO ADVANCE THE EDUCATION OF THE PUBLIC WITH RESPECT TO BUDDHIST RELIGION, PHILOSOPHY, AND PRACTICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PUBLISH BOOKS AND OTHER MEDIA TO ADVANCE THE EDUCATION OF THE PUBLIC WITH RESPECT TO BUDDHIST RELIGION, PHILOSOPHY, AND PRACTICE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Aitken President/associate Publis | OfficerTrustee | 40 | $164,054 |
Timothy Mcneill Clerk/publisher | OfficerTrustee | 18 | $43,585 |
Brent Farmer Treasurer | OfficerTrustee | 1 | $0 |
Axel Leblois Director | Trustee | 1 | $0 |
James Wilton Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $171,300 |
| All other contributions, gifts, grants, and similar amounts not included above | $214,583 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $385,883 |
| Total Program Service Revenue | $552,310 |
| Investment income | $635 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $183,239 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,163,876 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,285,943 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,966 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $219,118 |
| Compensation of current officers, directors, key employees. | $52,438 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $581,460 |
| Pension plan accruals and contributions | $35,809 |
| Other employee benefits | $73,970 |
| Payroll taxes | $52,836 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,919 |
| Fees for services: Accounting | $53,563 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $53,522 |
| Advertising and promotion | $302,705 |
| Office expenses | $95,460 |
| Information technology | $203,663 |
| Royalties | $0 |
| Occupancy | $108,115 |
| Travel | $4,525 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,321 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,944 |
| Insurance | $9,858 |
| All other expenses | $0 |
| Total functional expenses | $1,838,915 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,080,461 |
| Savings and temporary cash investments | $811,229 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $707,880 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,486,156 |
| Prepaid expenses and deferred charges | $8,509 |
| Net Land, buildings, and equipment | $335,771 |
| Investments—publicly traded securities | $80,518 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $343,070 |
| Total assets | $5,853,594 |
| Accounts payable and accrued expenses | $315,079 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $360,239 |
| Total liabilities | $675,318 |
| Net assets without donor restrictions | $5,178,276 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,853,594 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Wisdom Publication Inc has recieved totaling $163,000.
| Awarding Organization | Amount |
|---|---|
The Peter And Patricia Gruber Foundation Flintstone, GA PURPOSE: TO BRING BUDDHA'S TEACHINGS OF WISDOM AND COMPASSOIN TO A WIDER AUDIENCE | $100,000 |
The Hershey Family Foundation Boston, MA PURPOSE: THE LEADING PUBLISHER OF CONTEMPORARY AND CLASSIC BOOKS AND PRACTICAL WORKS ON BUDDHISM, MINDFULNESS, MEDITATION, AND OTHER CONTEMPLATIVE TRADITIONS. WISDOM IS A NONPROFIT CHARITABLE ORGANIZATION DEDICATED TO CULTIVATING WRITERS AND TEACHERS THE WORLD OVER, ADVANCING CRITICAL SCHOLARSHIP, PRESERVING AND SHARING THE LITERARY CULTURE OF VARIOUS CONTEMPLATIVE TRADITIONS, AND HELPING PEOPLE FIND AND ENGAGE WITH THE TEACHERS, TEACHINGS, AND PRACTICES FOR A WISE AND COMPASSIONATE LIFE. | $60,000 |
David And Lucile Packard Foundation Los Altos, CA PURPOSE: GENERAL SUPPORT | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Technology Review Inc Cambridge, MA | $6,822,000 | $19,424,000 |
Project Veritas Mamaroneck, NY | $11,883,753 | $22,034,786 |
Journal Of Bone And Joint Surgery Inc Needham, MA | $35,717,891 | $10,120,492 |
Machon Mashe Rockeach Inc Brooklyn, NY | $2,473,215 | $8,597,419 |
Harpers Magazine Foundation New York, NY | $1,648,663 | $7,386,851 |
Retro Report Inc Mystic, CT | $1,128,827 | $6,590,447 |
The New Press Inc New York, NY | $10,475,881 | $7,017,448 |
National Braille Press Inc Boston, MA | $10,542,006 | $5,176,920 |
Medical Letter Inc New Rochelle, NY | $4,157,236 | $5,090,906 |
Harvard Magazine Incorporated Cambridge, MA | $2,271,377 | $3,610,627 |
American Booksellers Assoc Inc White Plains, NY | $43,213,298 | $1,963,902 |
Repertoire International De Litterature Musicale Inc New York, NY | $4,304,080 | $5,123,907 |