New Dharma
- Assets
- $2.4m
- Revenue
- $404.0k
- Investments
- $0.0
- Employees
- 3
- Location
- Carson City, NV
- Founding
- 12/2009
- Data as of
- 12/2022
- EIN
- 27-0438267
Organization Overview
New Dharma is located in Carson City, NV. The organization was established in 2009. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. As of 12/2022, New Dharma employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Dharma 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, New Dharma generated $404.0k 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 (3.1%) each year. All expenses for the organization totaled $446.5k during the year ending 12/2022. 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
TO SHOW A NEW POSSIBILITY FOR MANKIND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEW DHARMA CONDUCTS A YEAR ROUND RESIDENTIAL PROGRAM IN WASHOE VALLEY, NV, THAT IS DEDICATED TO PROVIDING PROGRAMMING AND STRUCTURE TO ASSIST INDIVIDUALS IN THEIR SPIRITUAL PROGRESS AND IN BRINGING THE TEACHINGS INTO ALL ASPECTS OF DAILY LIFE. THE INDIVIDUALS WHO LIVE AT THE CENTER HAVE BEEN INVITED BY SAT SHREE TO PARTICIPATE IN THE RESIDENTIAL PROGRAM. THERE IS A DAILY PROGRAM OF ACTIVITIES INCLUDING DAILY MEDITATIONS, STUDY, WEEKLY TALKS, PRIVATE SESSIONS, WEEKEND PROGRAMS, AND STUDY GROUPS WITH 8-10 INDIVIDUALS PARTICIPATING IN THE RESIDENTIAL PROGRAM AT ANY ONE TIME. IN ADDITION TO THE RESIDENTS LIVING AT THE CENTRE, 41 DIFFERENT GUESTS PARTICIPATED IN THE RESIDENTIAL PROGRAM DURING THE YEAR.
THE PROGRAMS NEW DHARMA OFFERED REMOTELY AND IN PERSON IN 2022 INCLUDED6-DAY AND 9-DAY SILENT RETREATS, SATSANGS, INTENSIVES, SAT WEEKEND, GLOBAL TRAINING PROGRAMS, IMMERSION COURSE, WORLD MOTHER STUDY COURSE, A BHAGAVAD GITA STUDY COURSE, YOUNG ADULT PROGRAMS, WORLD PEACE MEDITATIONS, AND Q A WITH SAT SHREE.THE INTENSIVES AND SILENT RETREAT PROGRAMS INCLUDE MEDITATIONS, PERIODS OF SILENCE, TALKS AND INDIVIDUAL AND SMALL GROUP PARTICIPATION WITH SAT SHREE. THE PURPOSE OF EACH RETREAT IS TO EXPLORE THE NATURE OF CONSCIOUSNESS AND HOW AN INDIVIDUAL CAN INTEGRATE THIS CONSCIOUSNESS INTO THEIR DAILY LIVES. THE SILENT RETREATS ARE DESIGNED TO GIVE EACH INDIVIDUAL AN OPPORTUNITY TO STEP OUT OF THEIR LIVES FOR A PERIOD OF TIME TO DISCOVER THE TRUTH OF WHO THEY ARE TO GIVE EACH PERSON TIME TO EXPLORE HOW TO INTEGRATE WHAT THEY DISCOVER ABOUT THEMSELVES INTO THEIR LIFE.
THE NEW DHARMA WEBSITE WAS MAINTAINED TO MAKE AVAILABLE TO THE GENERAL PUBLIC LIVE ONLINE PROGRAMS, EVENTS AND MEDITATIONS, SAT SHREES RECORDED TALKS, VIDEOS, WRITINGS, A CALENDAR OF EVENTS, PROGRAM INFORMATION AND OTHER RELATED MATERIAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beverly Smith President | Trustee | 1 | $0 |
Caroline Ryberg Secretary | Trustee | 1 | $0 |
Janet White Treasurer | 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 | $96,115 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $96,115 |
| Total Program Service Revenue | $299,527 |
| Investment income | $19 |
| 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 | $404,023 |
| 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 | $57,380 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,529 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,719 |
| Fees for services: Accounting | $11,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $36,804 |
| Advertising and promotion | $359 |
| Office expenses | $5,783 |
| Information technology | $54,537 |
| Royalties | $0 |
| Occupancy | $68,097 |
| Travel | $13,598 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $39,912 |
| Interest | $13,635 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $73,502 |
| Insurance | $15,127 |
| All other expenses | $8,671 |
| Total functional expenses | $446,489 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $80,178 |
| Savings and temporary cash investments | $49,858 |
| 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 | $335,149 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,894,060 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,359,245 |
| Accounts payable and accrued expenses | $18,994 |
| 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 | $45,000 |
| Secured mortgages and notes payable | $80,565 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $144,559 |
| Net assets without donor restrictions | $2,214,686 |
| 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 | $2,359,245 |