Barre Center For Buddhist Studies Inc
- Assets
- $5.7m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 15
- Location
- Barre, MA
- Founding
- 10/1990
- Data as of
- 12/2021
- EIN
- 22-3058493
Organization Overview
Barre Center For Buddhist Studies Inc is located in Barre, MA. The organization was established in 1990. According to its NTEE Classification (X50) the organization is classified as: Buddhism, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Barre Center For Buddhist Studies Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Barre Center For Buddhist Studies 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, Barre Center For Buddhist Studies Inc generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 6.9% 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
THE BARRE CENTER FOR BUDDHIST, INC. (BCBS) STUDIES OFFERS THE INTEGRATION OF STUDY AND PRACTICE IN EXPLORING THE MANY STREAMS OF TEACHING AND EXPRESSION THAT FLOW FROM THE SOURCES OF EARLY BUDDHISM. OUR ONSITE AND ONLINE PROGRAMS COMBINE CONTEMPLATIVE AND RELATIONAL ELEMENTS SUPPORTIVE OF PERSONAL TRANSFORMATION. AS AN INCLUSIVE COMMUNITY, WE WELCOME ALL INTERESTED IN BUDDHIST INQUIRY AS A WAY OF DEVELOPING WISDOM AND COMPASSION FOR THE BENEFITS OF ALL BEINGS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, BCBS HOSTED 7 RESIDENTIAL COURSES, RANGING FROM TWO DAYS TO TWO WEEKS. 158 INDIVIDUALS ATTENDED THESE ONSITE COURSES. ADDITIONALLY, BCBS OFFERED 56 ONLINE PROGRAMS THAT REACHED 10,535 PEOPLE WHO WERE NOT ABLE TO TRAVEL TO THE CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Henning Executive Director / Secretary | Officer | 40 | $93,698 |
Kevin F F Quigley Treasurer | OfficerTrustee | 1 | $0 |
Jessica Morey President | OfficerTrustee | 1 | $0 |
Winnie Nazarko Chair | OfficerTrustee | 1 | $0 |
Devin Berry Director | Trustee | 1 | $0 |
Judson Brewer Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $100,000 |
| Government grants | $164,085 |
| All other contributions, gifts, grants, and similar amounts not included above | $298,873 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $562,958 |
| Total Program Service Revenue | $1,097,527 |
| Investment income | $55,182 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,855 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$463 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,727,816 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $75,077 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $99,017 |
| Compensation of current officers, directors, key employees. | $29,705 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $399,231 |
| Pension plan accruals and contributions | $23,967 |
| Other employee benefits | $108,838 |
| Payroll taxes | $39,346 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $729 |
| Fees for services: Accounting | $37,766 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $63,724 |
| Advertising and promotion | $15,098 |
| Office expenses | $17,826 |
| Information technology | $73,681 |
| Royalties | $0 |
| Occupancy | $104,947 |
| Travel | $2,355 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $359 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $86,592 |
| Insurance | $38,335 |
| All other expenses | $9,716 |
| Total functional expenses | $1,323,361 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $400,941 |
| Savings and temporary cash investments | $546,371 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,147 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,572 |
| Prepaid expenses and deferred charges | $479 |
| Net Land, buildings, and equipment | $1,318,714 |
| Investments—publicly traded securities | $3,467,455 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,739,679 |
| Accounts payable and accrued expenses | $49,847 |
| Grants payable | $0 |
| Deferred revenue | $30,931 |
| 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 | $1,737 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $82,515 |
| Net assets without donor restrictions | $3,571,691 |
| Net assets with donor restrictions | $2,085,473 |
| 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 | $5,739,679 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Barre Center For Buddhist Studies Inc has recieved totaling $201,650.
| Awarding Organization | Amount |
|---|---|
Insight Foundation Inc Barre, MA PURPOSE: TO SUPPORT THE GENERAL ACTIVITIES OF THE ORGANIZATION. | $100,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $50,000 |
Bess Family Foundation Manchester, MA PURPOSE: GENERAL GRANT | $30,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: RELIGION RELATED | $6,750 |
Impactassets Inc Bethesda, MD PURPOSE: GENERAL SUPPORT | $5,500 |
Merrill Family Charitable Foundation Inc Boston, MA PURPOSE: GENERAL | $5,000 |
Endowment Analysis
| Beg. Balance | $3,130,744 |
| Earnings | $336,711 |
| Ending Balance | $3,467,455 |
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 |