Georgia Meditation Center Inc
- Assets
- $2.9m
- Revenue
- $320.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 10/2003
- Data as of
- 12/2018
- EIN
- 11-3669496
Organization Overview
Georgia Meditation Center Inc is located in Atlanta, GA. The organization was established in 2003. 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. Georgia 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 12/2018, Georgia Meditation Center Inc generated $320.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (5.3%) each year. All expenses for the organization totaled $231.7k during the year ending 12/2018. As we would expect to see with falling revenues, expenses have declined by (3.5%) per year over the past 4 years. 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
2018
Describe the Organization's Mission:
Part 3 - Line 1
RELIGIOUS PURPOSES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM IS DESIGNED FOR THE ADVANCEMENT OF MORAL PRINCIPLES; SUPPORT FOR HUMANITY, ALTRUISM, CULTIVATION OF RELIGIOUS BEHAVIOR; PROMOTION AND ENCOURAGEMENT OF MEDIATION ON THE TEACHING OF BUDDHA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phrabhavanaviriyakhun President | Trustee | 10 | $0 |
Phramaha Somboon Jongpatranich CEO | Trustee | 10 | $0 |
Phramaha Sa-Nguan Suriya Secretary | Trustee | 10 | $0 |
Phra Pratchaya Sotthiyothin CFO | 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 | $320,641 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $320,641 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $320,641 |
| 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 | $50,352 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $468 |
| Payroll taxes | $4,114 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $791 |
| 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 | $0 |
| Office expenses | $735 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $12,355 |
| 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 | $40,686 |
| Insurance | $14,010 |
| All other expenses | $21,747 |
| Total functional expenses | $231,698 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $487,851 |
| 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 | $136,142 |
| Net Land, buildings, and equipment | $2,299,222 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $250 |
| Total assets | $2,923,465 |
| 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 | $822,660 |
| Total liabilities | $822,660 |
| Unrestricted restricted net Assets | $2,100,805 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $2,100,805 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Georgia Meditation Center Inc has recieved totaling $36.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $36 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Goodcoin Foundation Charleston, SC | $2,902,105 | $7,447,485 |
Encouraging Word Inc Spartanburg, SC | $793,280 | $1,352,254 |
Wat Mongkolratanaram Of Fl Thai Buddhist Temple Interbay Area Fl Tampa, FL | $3,597,133 | $569,861 |
South Carolina Falun Dafa Association Greer, SC | $135,618 | $712,489 |
Heartwood Refuge Hendersonville, NC | $2,013,186 | $309,824 |
Florida Mediation Center Inc Plant City, FL | $2,757,164 | $497,078 |
Tu Vien Truc Lam Buddhist Central Inc Riverdale, GA | $1,941,563 | $418,470 |
Southern Dharma Retreat Center Inc Hot Springs, NC | $1,396,796 | $438,249 |
Phap Vu Buddhist Cultural Centre Of Florida Inc Orlando, FL | $3,947,347 | $593,365 |
Sangha Bhiksu Buddhist Association Lawrenceville, GA | $1,683,037 | $360,966 |
Georgia Meditation Center Inc Atlanta, GA | $2,923,465 | $320,641 |
Temple Of Peace And Virtue Bradyville, TN | $259,258 | $280,656 |