Buddhayana Foundation Inc
- Assets
- $438.1k
- Revenue
- $17.9k
- Investments
- $0.0
- Employees
- 1
- Location
- Marion, MA
- Founding
- 01/1998
- Data as of
- 04/2023
- EIN
- 04-3393565
Organization Overview
Buddhayana Foundation Inc is located in Marion, MA. The organization was established in 1998. According to its NTEE Classification (A33) the organization is classified as: Printing & Publishing, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Buddhayana Foundation 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 04/2023, Buddhayana Foundation Inc generated $17.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (22.8%) each year. All expenses for the organization totaled $72.0k during the year ending 04/2023. 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 DISSEMINATE KNOWLEDGE OF BUDDHISM, VIA BOOKS, PAMPHLETS AND SEMINARS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PRESERVE AND PROMOTE THE BUDDHIST RELIGIOUS TRADITION, PARTICULARLY THE NYINGMA TRADITION OF TIBETAN BUDDHISM, BY ENGAGING IN THE FOLLOWING ACTIVITIES:(A) AQUIRING BUDDHIST MANUSCRIPTS AND RELATED MATERIALS, PARTIULARLY THOSE IN THE NYINGMA TRADITION OF TIBETAN BUDDHISM;(B) EMPLOYING QUALIFIED SCHOLARS AND/OR TRANSLATORS TO TRANSLATE SUCH MATERIALS;(C) AQUIRING APPROPRIATE SPACE TO HOUSE SUCH MATERIALS AND TO PROVIDE A PLACE FOR SUCH SCHOLARS AND/OR TRANSLATORS TO PURSUE SUCH WORK;(D) PUBLISHING THE TRANSLATED WORK;(E) ESTABLISHING AND MAINTAINING PLACES FOR RELIGIOUS WORSHIP, PRAYER AND MEDITATION IN ACCORDANCE WITH THE CUSTOMS, RELIGIOUS TENETS AND TRADITIONS OF THE NYINGMA TRADITION OF TIBETAN BUDDHISM;(F) CONDUCTING SERVICES OF RELIGIOUS WORSHIP, PRAYER AND MEDITATION IN ACCORDANCE WITH THE CUSTOMS, RELIGIOUS TENENTS AND TRADITIONS OF THE NYINGMA TRADITION OF TIBETAN BUDDHISM;(G) DISSEMNATION KNOWLEDGE OF BUDDHISM BY ALL APPROPRIATE METHODS, INCLUDING, BUT NOT LIMITED TO, PUBLICATION OF BOOKS, PERIODICALS AND PAMPHLETS, AND PRESENTATION OF LECTURES AND SEMINARS, FOR THE USE OF OR TO INSTITUTIONS, SCHOLARS OR THE PUBLIC GENERALLY;(H) SUPPORTING THE WORK OF BUDDHIST PRIESTS AND MONASTERIES THROUGHOUT THE WORLD; AND,(I) ENGAGING IN SUCH OTHER ACTIVITIES AND PROGRAMS IN FURTHERANCE OF THE FOREGOING PURPOSES AS MAY BE CARRIED OUT BY A CORPORATION ORGANIZED UNDER MASSACHUSETTS GENERAL LAWS CHAPTER 180 AND DESCRIBED IN SECTION 501(C) (3) OF THE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Baldwin President & Clerk | OfficerTrustee | 10 | $0 |
David A Barrett Trustee | Trustee | 10 | $0 |
Arnold B Chace Jr Trustee | Trustee | 10 | $0 |
Tendzin N Parsons Treasurer | Officer | 10 | $24,000 |
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 | $18,300 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,300 |
| Total Program Service Revenue | $0 |
| Investment income | $11,664 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,044 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$13,117 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,891 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $24,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,463 |
| Payroll taxes | $1,946 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,050 |
| Fees for services: Accounting | $6,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,440 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $714 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $951 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $71,964 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,886 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $28,116 |
| Investments—publicly traded securities | $397,146 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $438,148 |
| Accounts payable and accrued expenses | $0 |
| 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 | $572 |
| Total liabilities | $572 |
| Net assets without donor restrictions | $437,576 |
| 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 | $438,148 |