Vajrapani Institute For Wisdom Culture
- Assets
- $3.2m
- Revenue
- $161.9k
- Investments
- $0.0
- Employees
- 6
- Location
- Boulder Creek, CA
- Founding
- 03/1976
- Data as of
- 12/2021
- EIN
- 51-0181149
Organization Overview
Vajrapani Institute For Wisdom Culture is located in Boulder Creek, CA. The organization was established in 1976. 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. As of 12/2021, Vajrapani Institute For Wisdom Culture employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vajrapani Institute For Wisdom Culture 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, Vajrapani Institute For Wisdom Culture generated $161.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (20.0%) each year. All expenses for the organization totaled $433.2k during the year ending 12/2021. 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
VAJRAPANI INSTITUTE FOR WISDOM CULTURE SUPPORTS THE TRANSFORMATION OF SPIRITUAL TEACHINGS INTO EXPERIENCE THROUGH CONTEMPLATIVE RETREAT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, VAJRAPANI INSTITUTE WAS MOSTLY CLOSED DUE TO COVID AND HOSTED NO IN-PERSON, GROUP RETREATS. THE ORGANIZATION DID HAVE A FEW INDIVIDUALS IN THE ORGANIZATION'S PRIVATE RETREAT CABINS FOR A TOTAL OF 306 PEOPLE NIGHTS (THE EQUIVALENT OF APPROXIMATELY 21 INDIVIDUALS DOING A TWO WEEKLONG PRIVATE RETREAT). THE ORGANIZATION ALSO HOSTED SEVERAL ONLINE COURSES, ALONG WITH CONTINUED WORK ON BUILDING THE PRAYER WHEEL.THESE NUMBERS ARE SIGNIFICANTLY LOWER THAN PREVIOUS YEARS DUE TO BEING FULLY SHUT DOWN IN RESPONSE TO THE PANDEMIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Monahan Executive Dir. | Officer | 40 | $13,747 |
Don Isaacson Treasurer | OfficerTrustee | 2 | $0 |
Beth Dart Secretary | OfficerTrustee | 2 | $0 |
George Galt CEO | OfficerTrustee | 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 | $133,179 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $133,179 |
| Total Program Service Revenue | $26,249 |
| Investment income | $927 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $650 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $164 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $161,896 |
| 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. | $13,747 |
| Compensation of current officers, directors, key employees. | $2,062 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $94,430 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,143 |
| Payroll taxes | $7,949 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,680 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $10,489 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $131,058 |
| Insurance | $49,283 |
| All other expenses | $22,705 |
| Total functional expenses | $433,171 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $322,573 |
| Savings and temporary cash investments | $300,845 |
| 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 | $11,847 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,553,101 |
| Investments—publicly traded securities | $328,513 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $656,194 |
| Total assets | $3,173,073 |
| Accounts payable and accrued expenses | $3,849 |
| 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 | $0 |
| Other liabilities | $257 |
| Total liabilities | $4,106 |
| Net assets without donor restrictions | $2,974,230 |
| Net assets with donor restrictions | $194,737 |
| 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 | $3,173,073 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Vajrapani Institute For Wisdom Culture has recieved totaling $15,147.
| Awarding Organization | Amount |
|---|---|
William & Flora Hewlett Foundation Menlo Park, CA PURPOSE: MATCHING GIFT OF STAFF AND BOARD MEMBERS | $15,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $147 |
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