Olean Meditation Center Inc
- Assets
- $293.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Olean, NY
- Founding
- 09/2013
- Data as of
- 12/2021
- EIN
- 45-3755757
Organization Overview
Olean Meditation Center Inc is located in Olean, NY. The organization was established in 2013. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., 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. Olean Meditation Center Inc 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, Olean Meditation Center Inc generated $53.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.3%) each year. All expenses for the organization totaled $42.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ms Victoria Kearns Center Director Jan-June | 14 | $4,538 | |
Dr Ashok Kothari Director | 0.5 | $0 | |
Mr John M Hart Jr Chairman Director | 3 | $0 | |
Dr Richard Reilly President Vice Chairman Director | 15 | $0 | |
Dr Srinivas Thandla Director | 1 | $0 | |
Mr John F Vosburg III Secretary-Treasurer Director | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,339 |
| Total Program Service Revenue | $6,878 |
| Membership dues | $8,600 |
| Investment income | $668 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1,667 |
| Total Revenue | $53,152 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $4,872 |
| Professional fees and other payments to independent contractors | $4,814 |
| Occupancy, rent, utilities, and maintenance | $17,467 |
| Printing, publications, postage, and shipping | $1,565 |
| Other expenses | $11,383 |
| Total expenses | $42,689 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $39,431 |
| Other assets | $0 |
| Total assets | $293,403 |
| Total liabilities | $3,751 |
| Net assets or fund balances | $289,652 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Olean Meditation Center Inc has recieved totaling $7,763.
| Awarding Organization | Amount |
|---|---|
Greater Olean Community Foundation Olean, NY PURPOSE: GENERAL SUPPORT | $7,725 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $38 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tompkins Cortland Community College Foundation Dryden, NY | $60,556,305 | $8,680,534 |
The Lutheran Home At Kane Kane, PA | $8,299,845 | $10,193,303 |
Little Servant Sisters Woodbridge, NJ | $7,631,243 | $7,029,222 |
Little Sisters Of The Poor Of The City And County Of Philadelphia Philadelphia, PA | $10,759,268 | $7,956,134 |
International Service Fellowship Usa Upper Darby, PA | $20,365,794 | $7,523,822 |
Heritage Aflame Inc Bolivar, NY | $1,304,768 | $4,768,942 |
Society Of St Vincent De Paul Central Council Of Pittsburgh Pittsburgh, PA | $5,352,791 | $6,782,578 |
Jubilee Ministries Lebanon, PA | $10,567,390 | $8,013,168 |
Catholic Leadership Institute Malvern, PA | $22,337,149 | $8,205,889 |
Global Outreach Mission Inc Getzville, NY | $2,858,077 | $4,945,312 |
Peylim Lev Lachim lakewood, NJ | $4,589 | $4,953,588 |
Noor Uliman Schools Inc Monmouth Junction, NJ | $5,196,914 | $5,544,541 |