Drikung Meditation Center Inc
- Assets
- $1.2m
- Revenue
- $203.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Arlington, MA
- Founding
- 05/2000
- Data as of
- 12/2021
- EIN
- 04-3459087
Organization Overview
Drikung Meditation Center Inc is located in Arlington, MA. The organization was established in 2000. According to its NTEE Classification (X50) the organization is classified as: Buddhism, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Drikung Meditation Center 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, Drikung Meditation Center Inc generated $203.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.5% each year . All expenses for the organization totaled $91.2k during the year ending 12/2021. While expenses have increased by 8.2% 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
PRIMARY EXEMPT PURPOSE - TO PROVIDE INFORMATION, TEACHINGS, AND PRACTICE OPPORTUNITIES IN MEDITATION; SPECIFICALLY, IN THE TIBETAN BUDDHIST TRADITION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM SERVICE ACCOMPLISHMENTS - PROVISION OF TEACHINGS AND MEDITATION OPPORTUNITITES TO THE PUBLIC FROM MEDITATION MASTERS OF THE TIBETAN BUDDHIST TRADITION; TIBETAN LANGUAGE LESSONS; AND EDUCATION AND RESOURCES ABOUT BUDDHISM, MEDITATION TECHNIQUES, AND THE TIBETAN BUDDHIST CULTURE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Konchok Karushar President | Officer | 30 | $0 |
Devin Zuckerman Secretary | Officer | 2 | $0 |
Arin Christensen Treasurer/clerk | Officer | 5 | $0 |
Tamdin Wangdu Vice President | Officer | 2 | $0 |
Mary Burke Board Member-At-Large | Trustee | 10 | $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 | $101,824 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $101,824 |
| Total Program Service Revenue | $101,307 |
| Investment income | $105 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $203,236 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,455 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $980 |
| Office expenses | $1,125 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,757 |
| Travel | $2,098 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10,253 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,685 |
| Insurance | $1,540 |
| All other expenses | $4,425 |
| Total functional expenses | $91,168 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $114,221 |
| 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 | $1,062,731 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $58,051 |
| Total assets | $1,235,003 |
| 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 | $632,659 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $632,659 |
| Net assets without donor restrictions | $602,344 |
| 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 | $1,235,003 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Drikung Meditation Center Inc has recieved totaling $10,177.
| Awarding Organization | Amount |
|---|---|
William & Karen Tell Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $177 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Buddhist Digital Resource Center Inc Boston, MA | $3,689,467 | $1,606,114 |
Barre Center For Buddhist Studies Inc Barre, MA | $5,739,679 | $1,727,816 |
Kak Hwang Zen Center Flushing, NY | $220,889 | $735,431 |
Lumbini Buddhist Association Inc Lawrence, MA | $0 | $602,311 |
New York Insight Inc New York, NY | $427,976 | $611,449 |
Dharmakaya Center For Wellbeing Inc Pine Bush, NY | $182,124 | $584,750 |
Dharma Drum Retreat Center Inc Pine Bush, NY | $3,451,513 | $510,345 |
Friends Of Dongyu Gatsal Ling Inc Woodbury, NY | $2,289,752 | $560,170 |
Pointing Out The Great Way Foundation Newton, MA | $1,469,945 | $273,367 |
Dami Buddhism Association New Hyde Park, NY | $17,601,801 | $5,331,194 |
Danang Foundation Corp Jackson Heights, NY | $1,572,828 | $167,688 |
Kunzang Gatshal Foundation Delhi, NY | $4,395,104 | $390,655 |