Heartland Meditation
- Assets
- $21.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Mundelein, IL
- Founding
- 10/2014
- Data as of
- 12/2021
- EIN
- 47-1846299
Organization Overview
Heartland Meditation is located in Mundelein, IL. The organization was established in 2014. According to its NTEE Classification (P50) the organization is classified as: Personal Social Services, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heartland Meditation 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, Heartland Meditation generated $30.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (17.8%) each year. All expenses for the organization totaled $33.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (10.9%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
MEDITATION SERVICE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lucy Jihyun Lee President | 20 | $0 | |
Chun Lee Treasurer | 10 | $0 | |
Seong Yeon Lee Secretary | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,380 |
| Total Program Service Revenue | $0 |
| Membership dues | $23,995 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1,001 |
| Total Revenue | $30,376 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $900 |
| Professional fees and other payments to independent contractors | $312 |
| Occupancy, rent, utilities, and maintenance | $27,061 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $4,856 |
| Total expenses | $33,129 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $21,885 |
| Other assets | $0 |
| Total assets | $21,885 |
| Total liabilities | $19,154 |
| Net assets or fund balances | $2,731 |
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