Prama Institute
- Assets
- $337.5k
- Revenue
- $356.1k
- Investments
- $0.0
- Employees
- 12
- Location
- Marshall, NC
- Founding
- 05/2017
- Data as of
- 12/2023
- EIN
- 22-3950888
Organization Overview
Prama Institute is located in Marshall, NC. The organization was established in 2017. According to its NTEE Classification (E60) the organization is classified as: Health Support, under the broad grouping of Health Care and related organizations. As of 12/2023, Prama Institute employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prama Institute 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, Prama Institute generated $356.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $352.3k during the year ending 12/2023. While expenses have increased by 4.0% 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
THE MISSION OF THE PRAMA INSTITUTE IS TO ENGAGE IN EDUCATIONAL ACTIVITIES AND SOCIAL ACTIONS TO LIBERATE THE INTELLECT AND FURTHER INDIVIDUAL AND COLLECTIVE WELFARE THROUGH EDUCATIONAL PROGRAMS-SEE PART III LN 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRAMA WELLNESS CENTER - THE WELLNESS CENTER OPERATES RETREATS THAT EDUCATE PEOPLE ABOUT HEALTHY DIET AND LIDESTYLE. IT PROVIDED PARTICIPANTS WITH INDIVIDUALIZED RECOMMENDATIONS FOR PERSONAL DIET AND LIFESTYLE. IT PROVIDED PARTICIPANTS WITH INDIVIDUALIZED RECOMMENDATIONS FOR PERSONAL DIETS, EXERCISES AND OTHER CHANGES TO THEIR LIVES SO THAT THEY CAN IMPROVE THEIR MENTAL AND PHYSICAL HEALTH IN A NATURAL WAY. THE WELLNESS CENTER OFFERED ONE DAY EDUCATIONAL PROGRAMS FOR WELLNESS AS WELL AS PROVIDED ON-GOING HEALTH COACHING TO THOSE INTERESTED IN THIS SPORT.
COMMUNITY PARTNERSHIPS - THE PRAMA INSTITUTE PARTNERS WITH OTHER ORGANIZATIONS TO ASSIST THEM IN CONDUCTING RETREATS OR CONFERENCES AT THE PRAMA INSTITUTE FACILITIES. THE PRAMA INSTITUTE WILL ASSIST WITH LOGISTICS, ACCOMODATIONS, MEALS AND MARKETING TO HELP CONDUCT THESE PROGRAMS. PARTMERS CONDUCT EDUCATIONAL PROGRAMS THAT ARE CONSISTENT WITH THE MISSION AND PURPOSE OF THE PRAMA INSTITUTE.
PRAMA INSTITUTE PROGRAMS - THESE ARE EDUCATIONAL RETREATS, CONFERENCES AND WORKSHOPS CONDUCTED DIRECTLY BY PRAMA INSTITUTE STAFF AND INVITED TEACHERS OR SPEAKERS. THE PRAMA INSTITUTE SETS THE TOPICS, DATES AND ALL THE DETAILS RELATED TO THE PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roar Bjonnes Treasurer | Officer | 40 | $52,660 |
Howard Nemon Secretary | Officer | 40 | $46,000 |
Donald Moore Director | Trustee | 0.1 | $0 |
Ellen Landau Director | Trustee | 0.1 | $0 |
Ruth Li Director | Trustee | 0.1 | $0 |
Sid Jordan President | Officer | 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 | $12,650 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,650 |
| Total Program Service Revenue | $334,579 |
| Investment income | $31 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,409 |
| 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 | $1,270 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $356,057 |
| 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. | $98,660 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $85,747 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,290 |
| 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 | $28,463 |
| Office expenses | $5,431 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $40,996 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,000 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,503 |
| Insurance | $8,056 |
| All other expenses | $0 |
| Total functional expenses | $352,266 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $58,267 |
| 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 | $279,274 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $337,541 |
| Accounts payable and accrued expenses | $24,594 |
| 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 | $100,000 |
| Other liabilities | $0 |
| Total liabilities | $124,594 |
| Net assets without donor restrictions | $212,947 |
| 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 | $337,541 |