Center For Mindful Learning Inc
- Assets
- $3.6m
- Revenue
- $993.3k
- Investments
- $0.0
- Employees
- 9
- Location
- Lowell, VT
- Founding
- 09/2011
- Data as of
- 12/2022
- EIN
- 36-4695073
Organization Overview
Center For Mindful Learning Inc, operating under the name Monastic Academy, is located in Lowell, VT. The organization was established in 2011. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2022, Monastic Academy employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Monastic Academy 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, Monastic Academy generated $993.3k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.5% each year . All expenses for the organization totaled $600.0k during the year ending 12/2022. While expenses have increased by 14.7% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO BRING A DEEP PRACTICE OF MINDFULNESS TO LARGE NUMBERS OF PEOPLE IN THE MODERN WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEADERSHIP TRAINING PROGRAM: UNIQUE FOR ITS RIGOR, LENGTH AND STANDARDS, THE MONASTIC ACADEMY CREATES TRUSTWORTHY, ENLIGHTENED LEADERS. IT BRINGS STUDENTS THROUGH THREE STAGES: THE PERSONAL GROWTH NEEDED TO FIND ONE'S POWER, THE TRANSPERSONAL SHIFT NEEDED TO RELINQUISH POWER, AND THE PERSONAL GROWTH NEEDED TO HOLD POWER ETHICALLY. DEMAND FOR SPOTS IN THE PROGRAM EXCEEDS AVAILABILITY, AND STUDENTS ARE EXTRAORDINARILY SUCCESSFUL AFTER THEY FINISH. WE CONTINUE TO EXPAND TO NEW LOCATIONS.
GUEST OFFERINGS:OUR STUNNING 123-ACRE RETREAT FACILITY BRINGS GUESTS FROM AROUND THE WORLD FOR PROFESSIONAL STAYS, WEEK-LONG RETREATS, AND LIFESTYLE TRANSFORMATIONS. COMBINING THE WISDOM AND LOVE OF TRADITIONAL MONASTICISM WITH THE POWER AND IMPACT OF ENTREPRENEURSHIP, REMOTE WORKERS INTEGRATE DEEP MINDFULNESS INTO THEIR PROJECTS. WE ALSO OFFER SOLITARY RETREATS IN OUR CABINS, A NATIVE AMERICAN VISION QUEST, AND LECTURES AROUND THE COUNTRY.
IMPACT ON EXISTENTIAL RISKS:WE ARE CREATING A WISER AND MORE COMPASSIONATE WORLD CULTURE AND ECONOMY TO FOSTER SYSTEMS THAT ENCOURAGE MINDFULNESS. COMPASSIONATE SYSTEMS WILL ENCOURAGE A MORE MINDFUL POPULATION AND MINIMIZE EXISTENTIAL RISK TO LIFE ON EARTH. WE ARE BUILDING A NEXT GENERATION VILLAGE USING MONASTIC WISDOM TO LIVE IN HARMONY WITH ALL LIVING THINGS, OFFERING TRAINING TO INDIVIDUALS CONDUCTING AI SAFETY RESEARCH, AND WORKING WITH CRYPTOCURRENCY EXPERTS TO MAKE MONEY ETHICAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Teal Scott President & Chair | OfficerTrustee | 40 | $43,333 |
Renee Dee Secretary | OfficerTrustee | 1 | $0 |
Harrison Heyl Treasurer | OfficerTrustee | 1 | $0 |
Jennifer Packard Board Member (thru 06/22) | Trustee | 1 | $0 |
Sofi Dillof Board Member | Trustee | 1 | $0 |
Peter Park Executive Director (thru 05/22) | Officer | 40 | $28,000 |
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 | $823,452 |
| Noncash contributions included in lines 1a–1f | $64,607 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $823,452 |
| Total Program Service Revenue | $166,702 |
| Investment income | $3,188 |
| 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 | $993,342 |
| 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. | $81,833 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $57,234 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,146 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,110 |
| Fees for services: Accounting | $8,603 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $48,148 |
| Advertising and promotion | $3,291 |
| Office expenses | $14,758 |
| Information technology | $12,296 |
| Royalties | $0 |
| Occupancy | $84,351 |
| Travel | $27,382 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $23,120 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $66,728 |
| Insurance | $25,602 |
| All other expenses | $0 |
| Total functional expenses | $600,040 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,517,133 |
| Savings and temporary cash investments | $163,059 |
| 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 | $1,837,643 |
| Investments—publicly traded securities | $100,528 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,646 |
| Total assets | $3,629,009 |
| Accounts payable and accrued expenses | $24,622 |
| 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 | $110,000 |
| Secured mortgages and notes payable | $962,389 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,097,011 |
| Net assets without donor restrictions | $0 |
| 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 | $2,531,998 |
| Total liabilities and net assets/fund balances | $3,629,009 |