Advaita Society
- Assets
- $494.4k
- Revenue
- $700.6k
- Investments
- $0.0
- Employees
- 52
- Location
- Watsonville, CA
- Founding
- 12/1975
- Data as of
- 09/2023
- EIN
- 34-2059662
Organization Overview
Advaita Society is located in Watsonville, CA. The organization was established in 1975. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 09/2023, Advaita Society employed 52 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Advaita Society 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 09/2023, Advaita Society generated $700.6k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $661.9k during the year ending 09/2023. 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
MOUNT MADONNA INSTITUTE, (MMI), TEACHES ANCIENT KNOWLEDGE AND TRADITIONAL PRACTICE FROM NATURAL HEALING SYSTEMS THAT INTEGRATE MIND, BODY AND SPIRIT. EXPERIENCED FACULTY DELIVER DEGREE AND CERTIFICATE PROGRAMS ON THE 5000-YEAR OLD SCIENCE OF AYURVEDA NATURAL MEDICINE AND THE CLASSICAL SYSTEM OF ASHTANGA YOGA PHILOSOPHY AND PRACTICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLEGE OF AYURVEDA GRADUATE DEGREE AND CERTIFICATE PROGRAMS ARE ACCREDITED BY THE WASC SENIOR COLLEGE AND UNIVERSITY COMMISSION (WSCUC) AND APPROVED BY THE NATIONAL AYURVEDIC MEDICINE ASSOCIATION. CERTIFICATE PROGRAMS PREPARE GRADUATES FOR ALTERNATIVE, COMPLEMENTARY, AND INTEGRATIVE HEALTHCARE CAREERS AS AYURVEDIC HEALTH COUNSELORS AND CERTIFIED AYURVEDIC PRACTITIONERS. CLINICAL INTERNSHIPS COMPLEMENT CLASSROOM INSTRUCTION TO ENSURE PRACTICAL APPLICATION. THE MASTER OF ARTS - AYURVEDA DEGREE ADVANCES FOUNDATIONAL AHC AND CAP CURRICULA THROUGH ENHANCED THEORETICAL KNOWLEDGE, APPLIED RESEARCH, AND EXTERNSHIP EXPERIENCE, TO ENSURE THE FINEST CLASSICAL TRAINING IN AYURVEDA PRINCIPLES AND METHODS.
MMI WELLNESS CENTER CONSISTS OF AYURVEDA WORLD, MMI AYURVEDIC CLINIC AND KAYA KALPA. KAYA KALPA AYURVEDA SPA IS A SYSTEM DEVELOPED IN INDIA BY EARLY PRACTITIONERS OF YOGA TO BALANCE THE NERVOUS SYSTEM, TONE AND MAINTAIN THE LIFE FORCE ENERGY WHILE ENHANCING LONGEVITY WITH AYURVEDIC MASSAGE (ABHYANGA AND MARMA POINTS) AS WELL AS SWEDANA, WHICH DETOXIFIES AND VITALIZES THE BODY, AND SHIRODHARA, WHICH RELAXES THE MIND. MMI AYURVEDIC CLINIC OFFERS PROFESSIONAL AYURVEDIC PRACTITIONERS. AYURVEDA WORLD PRODUCES A FULL AYURVEDIC HERBAL PRODUCT LINE. KAYA KALPA OFFERS HEALTH AND WELLNESS TREATMENTS BASED ON AYURVEDA.
THE SCHOOL OF YOGA CERTIFICATE PROGRAMS ARE APPROVED BY YOGA ALLIANCE, AND THE AYURVEDIC YOGA THERAPY PROGRAM IS ACCREDITED BY THE INTERNATIONAL ASSOCIATION OF YOGA THERAPISTS. SIGNATURE CERTIFICATE PROGRAMS PREPARE YOGA INSTRUCTORS AND AYURVEDIC YOGA THERAPISTS THROUGH YOGA TEACHER TRAINING (200 HOURS), ADVANCED YOGA STUDIES (300 HOURS), AND AYURVEDIC YOGA THERAPY (1100 HOURS). THESE PROGRAMS INCLUDE A BROAD RANGE OF YOGA THEORY, PHILOSOPHY, AND PRACTICE, WITH PARTICULAR EMPHASIS ON THE YOGA SUTRA'S EIGHT-LIMBS ASHTANGA SYSTEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Swarup Wood PHD President | OfficerTrustee | 10 | $35,820 |
Sarada Diffenbaugh PHD Chair | OfficerTrustee | 10 | $0 |
Cathy Purnima Conway Ms Vice Chair | OfficerTrustee | 2 | $0 |
Jennifer Rand Secretary, Exec. Asst. | OfficerTrustee | 20 | $50,165 |
Richard Bernstein DO Director | Trustee | 1 | $0 |
Ashoka Clayton Caroon MA Ryt 200 Director | 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 | $291,512 |
| Noncash contributions included in lines 1a–1f | $217,853 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $291,512 |
| Total Program Service Revenue | $400,477 |
| Investment income | $3,928 |
| 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 | $4,703 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $700,620 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $95,063 |
| Compensation of current officers, directors, key employees. | $49,641 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $322,578 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $27,972 |
| Payroll taxes | $32,028 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $700 |
| Fees for services: Accounting | $26,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $34,955 |
| Office expenses | $32,366 |
| Information technology | $35,455 |
| Royalties | $0 |
| Occupancy | $10,508 |
| Travel | $2,245 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $11,587 |
| All other expenses | $0 |
| Total functional expenses | $661,900 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $470,528 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $775 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,033 |
| Prepaid expenses and deferred charges | $15,069 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $494,405 |
| Accounts payable and accrued expenses | $24,519 |
| Grants payable | $0 |
| Deferred revenue | $23,086 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $47,605 |
| Net assets without donor restrictions | $446,549 |
| Net assets with donor restrictions | $251 |
| 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 | $494,405 |