Kevala Retreat
- Assets
- $658.1k
- Revenue
- $146.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Norwalk, WI
- Founding
- 11/2001
- Data as of
- 12/2021
- EIN
- 43-1920530
Organization Overview
Kevala Retreat is located in Norwalk, WI. The organization was established in 2001. According to its NTEE Classification (X50) the organization is classified as: Buddhism, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Kevala Retreat employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kevala Retreat 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 12/2021, Kevala Retreat generated $146.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $125.0k during the year ending 12/2021. While expenses have increased by 9.8% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CENTER FOR BUDDHIST RELIGIOUS EDUCATION AND PRACTICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPMENT AND MAINTENANCE OF RURAL PROPERTY FOR PERSONAL RETREAT FACILITIES FOR SHORT AND LONG TERM RETREATANTS.
MEDITATION & PALI SUTTA TEACHINGS PROVIDED NATIONALLY AND INTERNATIONALLY, PRIMARILY VIA ON LINE FORMATS DUE TO PANDEMIC CONDITIONS. BOOK AND AUDIO DISTRIBUTION BY REQUEST. WEBSITE MAINTAINED WITH MANY MEDITATION AND PALI SUTTA RESOURCES INCLUDING THE TEACHINGS OF AJAHN BUDDHADASA BHIKKHU AND SANTIKARO.
CONTRIBUTIONS TO CHARITABLE ORGANIZATIONS INCLUDING RELIGIOUS NONPROFIT ORGANIZATIONS, LOCAL COMMUNITY NEEDS, AS PART OF THE REQUIRED PRACTICE OF GENEROSITY, IN THE BUDDHIST TRADITION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jo Marie Thompson Secretary/treasurer & Director | OfficerTrustee | 30 | $44,000 |
Robert Larson President & Resident Teacher | OfficerTrustee | 40 | $42,000 |
Joseph Orso Vice President | OfficerTrustee | 2 | $0 |
Rodney Sanchez Director | Trustee | 2 | $0 |
Bethany Sanchez Director | Trustee | 2 | $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 | $141,362 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $141,362 |
| Total Program Service Revenue | $4,472 |
| Investment income | $56 |
| 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 | $145,953 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,815 |
| 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. | $72,000 |
| Compensation of current officers, directors, key employees. | $36,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,215 |
| Payroll taxes | $6,579 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $759 |
| Office expenses | $1,730 |
| Information technology | $715 |
| Royalties | $0 |
| Occupancy | $8,866 |
| Travel | $1,096 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $200 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,425 |
| Insurance | $3,190 |
| All other expenses | $3,478 |
| Total functional expenses | $124,960 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $84,942 |
| Savings and temporary cash investments | $0 |
| 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 | $573,147 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $658,089 |
| Accounts payable and accrued expenses | $521 |
| 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 | $0 |
| Secured mortgages and notes payable | $45,099 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $45,620 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $84,421 |
| Paid-in or capital surplus, or land, building, or equipment fund | $528,048 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $658,089 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Kevala Retreat has recieved totaling $16,500.
| Awarding Organization | Amount |
|---|---|
Friends Of Cloud Mountain Castle Rock, WA PURPOSE: Donation | $5,500 |
Friends Of Cloud Mountain Castle Rock, WA PURPOSE: Donation | $5,500 |
Friends Of Cloud Mountain Castle Rock, WA PURPOSE: Donation | $5,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sachen Foundation Golden Valley, MN | $2,744,211 | $220,447 |
Illinois Vipassana Association Pecatonica, IL | $2,270,658 | $1,050,702 |
Friends Of Garezers Inc Ada, MI | $5,581,240 | $146,132 |
Congregation Of Vietnamese Buddhists Chicago-Quang Minh Tmple Chicago, IL | $1,059,522 | $369,487 |
Tsogyaling Meditation Center Of Evanston Evanston, IL | $2,454,459 | $340,777 |
Niem Phat Buddhist Temple - Chua Niem Phat Saint Paul, MN | $0 | $0 |
Vietnamese Unified Buddhist Chicago, IL | $2,635,306 | $323,819 |
Institute For Zen Leadership Madison, WI | $92,245 | $155,271 |
Vietnamese Buddhist Association Roseville, MN | $2,409,562 | $275,237 |
Swaminarayan Satsang Mandal Of Chicago Palatine, IL | $1,871,471 | $868,890 |
Bultasa Buddhist Temple Of Chicago Chicago, IL | $2,297,868 | $295,845 |
Lien Hoa Buddhist Temple-Chua Lien Hoa Chicago, IL | $708,756 | $198,900 |