Long Beach Meditation
- Assets
- $48.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Long Beach, CA
- Founding
- 01/2010
- Data as of
- 12/2022
- EIN
- 30-0342420
Organization Overview
Long Beach Meditation is located in Long Beach, CA. The organization was established in 2010. 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. Long Beach Meditation 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, Long Beach Meditation generated $70.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $78.9k during the year ending 12/2022. While expenses have increased by 1.4% per year over the past 8 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PRIMARY PURPOSE IS FOR TEACHER-LED PRACTICE OF MEDITATION. THIS IS A METHOD FOR DEVELOPING MINDFULNESS AND CONCENTRATION. THIS ORGANIZATION PROVIDES ON-GOING INSTRUCTION IN SITTING AND WALKING MEDITATION ALONG WITH DHARMA TALKS AND DISCUSSION.
Describe the Organization's Program Activity:
Part 3
LONG BEACH MEDITATION OFFERS WEEKLY SUNDAY, MONDAY AND WEDNESDAY MEDITATION CLASSES AND TALKS AS WELL AS MONTHLY FULL MOON MEDITATIONS, HALF-DAY AND FULL-DAY RETREATS. ATTENDANCE VARIES. SOME EVENTS ARE DONATION BASED AND OTHERS ARE FEE-BASED. NO ONE IS TURNED AWAY FOR LACK OF FUNDS. DUE TO THE COVID-19 PANDEMIC, ALL EVENTS WERE MOVED TO THE ONLINE PLATFORM, ZOOM. IN JULY 2021 WE BEGAN OFFERING A HYBRID OPTION OF IN-PERSON AND ONLINE.
LONG BEACH MEDITATION OFFERED ONE WEEKEND RETREAT IN SEPTEMBER HELD OFFSITE.
LONG BEACH MEDITATION OFFERED ONE MULTI-WEEK CLASS ONLINE CALLED LIVING DHARMA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Reed Watson Scretary | 2 | $0 | |
Stefanie Fredella Treasurer | 2 | $0 | |
Kaletis Manfredi Board Member | 2 | $0 | |
Alma Castro Board Member | 2 | $0 | |
David Blackwell Board Member | 2 | $0 | |
Jenene Koehler Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $70,774 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $70,774 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $44,188 |
| Occupancy, rent, utilities, and maintenance | $4,580 |
| Printing, publications, postage, and shipping | $222 |
| Other expenses | $29,940 |
| Total expenses | $78,930 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $47,279 |
| Other assets | $0 |
| Total assets | $48,196 |
| Total liabilities | $3,395 |
| Net assets or fund balances | $44,801 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Long Beach Meditation has recieved totaling $226.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $226 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
San Francisco Falun Buddha Study Association San Jose, CA | $6,296,319 | $14,265,205 |
Khyentse Foundation San Francisco, CA | $60,349,679 | $7,362,261 |
Vietnanese Buddhist Meditation Congregation Inc Bonsall, CA | $9,161,110 | $5,723,304 |
Tribe Media Corp Los Angeles, CA | $548,666 | $3,414,428 |
Bukkyo Dendo Kyokai America Inc Moraga, CA | $12,018,243 | $1,744,603 |
Us Southwestern Falun Dafa Association El Monte, CA | $4,987,177 | $7,092,763 |
Buddhist Churches Of America-Endow San Francisco, CA | $48,222,934 | $3,035,371 |
Northern California Bodhi Dharma Society Milpitas, CA | $3,105,013 | $2,040,834 |
Dhammakaya International Meditation Center Azusa, CA | $17,013,433 | $1,779,242 |
Hong Shin Buddhist Center Chino, CA | $23,393,639 | $3,179,818 |
Against The Stream Buddhist Meditation Society Los Angeles, CA | $400,066 | $1,319,745 |
Bat Nha Meditation Institute Of America Santa Ana, CA | $4,101,645 | $975,241 |