Sangha Studio Inc
- Assets
- $42.9k
- Revenue
- $598.8k
- Investments
- $0.0
- Employees
- 49
- Location
- Burlington, VT
- Founding
- 12/2015
- Data as of
- 12/2022
- EIN
- 46-4232212
Organization Overview
Sangha Studio Inc is located in Burlington, VT. The organization was established in 2015. According to its NTEE Classification (N20) the organization is classified as: Camps, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Sangha Studio Inc employed 49 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sangha Studio 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 12/2022, Sangha Studio Inc generated $598.8k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $754.7k during the year ending 12/2022. While expenses have increased by 8.7% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO BUILD AN EMPOWERED COMMUNITY THROUGH A SHARED PRACTICE AT YOGA OFFERING DONATIONS-BASED YOGA CLASSES AND YOGA SERVICE PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY YOGA PROGRAMS AND AFFINITY CLASSES HOSTED AT SANGHA STUDIO LOCATIONS AND/OR AT OUTSIDE COMMUNITY ORGANIZATIONS VIA IN PERSON, HYBRID, AND VIRTUAL SERVICES, DEMOGRAPHICS FOCUS ON SERVICING BIPOC INDIVIDUALS, THE LGBTQIA2S+ COMMUNITY, PEOPLE IN LARGE BODIES AND THOSE WITH MOBILITY CHALLENGES. PROGRAM SERVICES ALSO LARGELY INCLUDES MEMBERSHIP SCHOLARSHIP PROGRAMS FOR FREE AND/OR COST SUBSIDIZED YOGA MEMBERSHIP TO THOSE IN FINANCIAL NEED. YOGA TEACHER TRAINING SCHOLARSHIP PROGRAM APPLIES TO THE SAME DEMOGRAPHIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Margolis Board Chair | OfficerTrustee | 0 | $0 |
Caitlin Pascucci Executive Director | OfficerTrustee | 40 | $0 |
Taraleigh Weathers Voice Of The People | Officer | 0 | $0 |
Kristen Wirkkala Development Coordinator | Officer | 0 | $0 |
Brian Oconnell Treasurer | Officer | 0 | $0 |
Britt Shattuck Manager Secretary | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $13,440 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,440 |
| Total Program Service Revenue | $585,329 |
| Investment income | $35 |
| 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 | $598,804 |
| 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. | $67,083 |
| Compensation of current officers, directors, key employees. | $46,958 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $401,162 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,036 |
| Payroll taxes | $41,322 |
| Fees for services: Management | $1,927 |
| Fees for services: Legal | $1,839 |
| Fees for services: Accounting | $21,642 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,955 |
| Advertising and promotion | $3,029 |
| Office expenses | $1,289 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $82,557 |
| Travel | $1,764 |
| 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 | $4,062 |
| All other expenses | $1,474 |
| Total functional expenses | $754,742 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,868 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $42,868 |
| Accounts payable and accrued expenses | $2,869 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $11,512 |
| Other liabilities | $6,881 |
| Total liabilities | $21,262 |
| Net assets without donor restrictions | $21,606 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $42,868 |