Wisdom Publication Inc
- Assets
- $5.8m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 16
- Location
- Somerville, MA
- Founding
- 12/1988
- Data as of
- 12/2023
- 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 12/2023, Wisdom Publication Inc employed 16 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 12/2023, Wisdom Publication Inc generated $2.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $2.3m during the year ending 12/2023. While expenses have increased by 3.1% per year over the past 9 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
2023
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Aitken President/publisher | OfficerTrustee | 40 | $163,400 |
Timothy Mcneill Clerk/chairman | OfficerTrustee | 18 | $38,561 |
Brent Farmer Treasurer | OfficerTrustee | 1 | $0 |
Axel Leblois Director | Trustee | 1 | $0 |
James Wilton Director | Trustee | 1 | $0 |
James Dougherty Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $302,096 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $302,096 |
| Total Program Service Revenue | $1,043,075 |
| Investment income | $5,880 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $109,704 |
| 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 | $672,573 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,136,037 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,377 |
| 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. | $220,827 |
| Compensation of current officers, directors, key employees. | $61,637 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $815,934 |
| Pension plan accruals and contributions | $34,025 |
| Other employee benefits | $55,892 |
| Payroll taxes | $76,952 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,670 |
| Fees for services: Accounting | $64,764 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $38,425 |
| Advertising and promotion | $358,401 |
| Office expenses | $116,479 |
| Information technology | $147,266 |
| Royalties | $0 |
| Occupancy | $252,093 |
| Travel | $25,277 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,811 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,944 |
| Insurance | $16,802 |
| All other expenses | $0 |
| Total functional expenses | $2,303,869 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $559,996 |
| Savings and temporary cash investments | $252,300 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $555,452 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,451,409 |
| Prepaid expenses and deferred charges | $80,674 |
| Net Land, buildings, and equipment | $327,882 |
| Investments—publicly traded securities | $85,492 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $481,053 |
| Total assets | $5,794,258 |
| Accounts payable and accrued expenses | $471,609 |
| 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 | $496,689 |
| Total liabilities | $968,298 |
| Net assets without donor restrictions | $4,825,960 |
| 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 | $5,794,258 |