Newark Center For Meditative Culture
- Assets
- $54.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Newark, NJ
- Founding
- 05/2017
- Data as of
- 12/2023
- EIN
- 32-0530718
Organization Overview
Newark Center For Meditative Culture is located in Newark, NJ. The organization was established in 2017. 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. Newark Center For Meditative Culture 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, Newark Center For Meditative Culture generated $42.8k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 51.1% each year . All expenses for the organization totaled $20.8k during the year ending 12/2023. While expenses have increased by 33.2% per year over the past 5 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
2023
Describe the Organization's Program Activity:
Part 3
IMPACT/ASSETS - ONGOING GRANT FUNDING ENABLED US TO MAINTAIN PROGRAM GROWTH DESPITE MOVING FROM OUR CENTER DUE TO BUILDING SALE. SOME OF OUR ACCOMPLISHMENTS INCLUDED: 1. PROVIDED CONSISTENT FREE AND DONATION-BASED PROGRAMMING, FOCUSING ON THE BIPOC COMMUNITY, INCLUDING WEEKLY MEDITATION CLASSES AND MONTHLY BIPOC MINI RETREATS SERVING 5-10 PEOPLE PER SESSION. 2. CONDUCTED FIVE SINGLE EVENTS INCLUDING DAYLONG RETREATS, AND MINI WORKSHOPS INCORPORATING MINDFULNESS, SELF-CARE, HEALING MOVEMENT, AND NATURE-BASED WELLNESS PRACTICES, SERVING 5 TO 20 PEOPLE PER SESSION. 3. OUR BOARD ALSO TAUGHT AND PARTICIPATED IN OFF-SITE LOCAL COMMUNITY PROGRAMS INCLUDING A WOMEN'S HEALTH SUMMIT, FOREST THERAPY AT AN URBAN FARM, AND A WELLNESS SERIES AT THE NEWARK'S MAIN PUBLIC LIBRARY FOR 120 EMPLOYEES. NCMC WAS ALSO ABLE TO HIRE A SOCIAL MEDIA/WEB DESIGNER AND A GRANT WRITER. WE ARE SEEKING ADDITIONAL GRANT SUPPORT, AND PLANNING FOR IN-PERSON PROGRAM EXPANSION AS WE RELOCATE TO A NEW SPACE IN 2024.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cornelia Santschi Director | 10 | $0 | |
Andrea Lee Director | 5 | $0 | |
Keyana Jones Director | 10 | $0 | |
Ihsaan R Muhammad Director | 5 | $0 | |
Leslie S Arthur Director | 0.5 | $0 | |
Javier Cruz Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $40,056 |
| Total Program Service Revenue | $2,714 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $42,770 |
| 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 | $10,566 |
| Occupancy, rent, utilities, and maintenance | $7,150 |
| Printing, publications, postage, and shipping | $204 |
| Other expenses | $2,811 |
| Total expenses | $20,834 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $53,964 |
| Other assets | $0 |
| Total assets | $53,964 |
| Total liabilities | $0 |
| Net assets or fund balances | $53,964 |