Himalayan Institute Of Buffalo Inc
- Assets
- $278.4k
- Revenue
- $182.7k
- Investments
- $0.0
- Employees
- 6
- Location
- Buffalo, NY
- Founding
- 06/1980
- Data as of
- 12/2022
- EIN
- 16-1131956
Organization Overview
Himalayan Institute Of Buffalo Inc is located in Buffalo, NY. The organization was established in 1980. As of 12/2022, Himalayan Institute Of Buffalo Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Himalayan Institute Of Buffalo 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 12/2022, Himalayan Institute Of Buffalo Inc generated $182.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $192.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (10.0%) per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLASSES IN STRESS MANAGEMENT, HATHA YOGA PHILOSOPHY AND PSYCHOLOGY. APPROXIMATELY 300 TO 400 STUDENTS. TEACHERS AND INSTRUCTORS DONATE THEIR TIME - ESTIMATED VALUE OF 30,000 TO 40,000.
EDUCATION
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 |
|---|---|---|---|
Rajmani Tigunait Board Member | Trustee | 1 | $0 |
Rolf Sovik Board Member | Trustee | 1 | $0 |
Ishan Tigunait Board Member | Trustee | 1 | $0 |
John Daskovsky Board Member | Trustee | 1 | $0 |
Jacqueline Bogdan Secretary/di | OfficerTrustee | 40 | $52,000 |
Mary Gail Sovik Board Member | 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 | $21,063 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,063 |
| Total Program Service Revenue | $160,475 |
| Investment income | $13 |
| 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 | -$1,094 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $182,747 |
| 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 | $107,999 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,942 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $710 |
| 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 | $12,890 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,383 |
| Travel | $0 |
| 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 | $2,945 |
| Insurance | $14,328 |
| All other expenses | -$4,331 |
| Total functional expenses | $192,266 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,033 |
| Savings and temporary cash investments | $125,607 |
| 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 | $39,859 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $71,886 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $278,385 |
| 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 | $3,059 |
| Total liabilities | $3,059 |
| Net assets without donor restrictions | $275,326 |
| 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 | $278,385 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kripalu Center For Yoga & Health Inc Stockbridge, MA | $44,898,260 | $27,688,588 |
Maharishi Global Administration Through Natural Law Livingston Manor, NY | $8,713,256 | $3,282,306 |
Institute Of Chung Hwa Buddhist Culture Inc Elmhurst, NY | $24,735,022 | $2,097,514 |
Sirius Inc Shutesbury, MA | $570,005 | $246,058 |
Himalayan Institute Of Buffalo Inc Buffalo, NY | $278,385 | $182,747 |
Swami Kuvalayananda Yoga Foundation Philadelphia, PA | $376,659 | $0 |
Dharma Foundation Inc Barre, MA | $158,668 | $0 |
Yoga Anand Ashram Inc Amityville, NY | $60,631 | $0 |
Agni Yoga Society Inc New York, NY | $59,644 | $0 |