Korinji Foundation
- Assets
- $541.0k
- Revenue
- $266.2k
- Investments
- $0.0
- Employees
- 1
- Location
- Reedsburg, WI
- Founding
- 11/2006
- Data as of
- 12/2023
- EIN
- 20-3905539
Organization Overview
Korinji Foundation is located in Reedsburg, WI. The organization was established in 2006. 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. Korinji Foundation 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, Korinji Foundation generated $266.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.7% each year . All expenses for the organization totaled $204.8k during the year ending 12/2023. While expenses have increased by 28.1% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE PRACTICE OF BUDDHIST MEDIATION AND RELATED RELIGIOUS PRACTICE THROUGH THE INSTRUCTION, LECTURES, PUBLICATIONS, AND OTHER OUTREACH. FOUND AND ADMINISTER A BUDDHIST MONASTERY AND RETREAT CENTER AS A CENTER FOR THESE ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE KORINJI RINZAI ZEN COMMUNITY IS THE CIRCLE OF STUDENTS PRACTICING UNDER THE GUIDANCE OF BUDDHIST TEACHER AND AUTHOR MEIDO MOORE ROSHI. WE ARE A VIBRANT, FRIENDLY COMMUNITY COMMITTED TO SUPPORTING ONE ANOTHER ON THE ZEN PATH. ALL ARE WELCOME TO LEARN WITH US REGARDLESS OF FAITH OR BACKGROUND. AFFILIATED GROUPS EXIST IN MADISON, WI AND ACROSS NORTH AMERICA AND EUROPE. KORINJI MONASTERY, LOCATED ON 17 FORESTED ACRES IN WISCONSIN, USA, IS OUR COMMUNITY'S HEADQUARTERS AND SPIRITUAL CENTER. ASIDE FROM BEING A PLACE OF ZEN PRACTICE THE MONASTERY ALSO HOUSES KORINJI SHUGEN DOJO, A CENTER FOR TRAINING IN THE MT. KOSHIKIDAKE TRADITION OF SHUGENDO. MEMBERSHIP IN OUR COMMUNITY IS OPEN TO ANYONE, AND WE HAVE NUMEROUS RESOURCES - INCLUDING OUR ONLINE VIDEO CHANNEL - TO SUPPORT YOUR PATH. WE CONDUCT FREQUENT RETREATS AND OTHER EVENTS THAT YOU ARE WELCOME TO ATTEND, STRUCTURED IN A PROGRESSIVE WAY FROM BASIC TO ADVANCED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Moore President | OfficerTrustee | 40 | $31,582 |
Clint Walz Vice Preside | OfficerTrustee | 1 | $0 |
James Tabor Secretary | OfficerTrustee | 1 | $0 |
Franciska Schulze Treasurer | OfficerTrustee | 1 | $0 |
Sam Taylor 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 | $266,042 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $266,042 |
| Total Program Service Revenue | $0 |
| Investment income | $120 |
| 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 | $266,162 |
| 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. | $31,582 |
| 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 | $2,153 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $100 |
| Fees for services: Accounting | $6,921 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,570 |
| Advertising and promotion | $718 |
| Office expenses | $4,759 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $27,413 |
| Travel | $60,780 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,061 |
| Interest | $10,839 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,890 |
| Insurance | $3,798 |
| All other expenses | $1,850 |
| Total functional expenses | $204,833 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,897 |
| Savings and temporary cash investments | $20,276 |
| 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 | $508,854 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $541,027 |
| Accounts payable and accrued expenses | $7,239 |
| 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 | $133,667 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $140,906 |
| Net assets without donor restrictions | $400,121 |
| 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 | $541,027 |