Bhavana Society Inc
- Assets
- $1.3m
- Revenue
- $66.8k
- Investments
- $0.0
- Employees
- 3
- Location
- High View, WV
- Founding
- 03/2015
- Data as of
- 12/2015
- EIN
- 52-1272299
Organization Overview
Bhavana Society Inc is located in High View, WV. The organization was established in 2015. According to its NTEE Classification (X50) the organization is classified as: Buddhism, under the broad grouping of Religion-Related and related organizations. As of 12/2015, Bhavana Society Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bhavana Society Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2015
Describe the Organization's Mission:
Part 3 - Line 1
TEACHING THE PRACTICE OF BUDDHIST MEDITATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BHAVANA SOCIETY PROMOTES THE PRACTICE OF BUDDHIST MEDITATION THROUGH THE PROVISION OF FACILITIES AND INSTRUCTION TO THE GENERAL PUBLIC
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bhante Gunaratana President | Officer | 20 | $0 |
Bhante Seelananda Vice President | Officer | 1 | $0 |
Athula Seneviratne Treasurer | Officer | 1 | $0 |
Chris O'keefe Director | Trustee | 1 | $0 |
James Macdonald Director | Trustee | 1 | $0 |
Dewayne Lawrence Director | Trustee | 1 | $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 | $62,650 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $62,650 |
| Total Program Service Revenue | $0 |
| Investment income | $111 |
| 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 | $66,846 |
| 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 | $16,330 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,845 |
| Payroll taxes | $1,760 |
| 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 | $0 |
| Office expenses | $0 |
| Information technology | $400 |
| 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 | $39,627 |
| Insurance | $0 |
| All other expenses | $31,474 |
| Total functional expenses | $106,069 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $85,059 |
| Savings and temporary cash investments | $313,820 |
| 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 | $1,684 |
| Net Land, buildings, and equipment | $888,741 |
| Investments—publicly traded securities | $1,165 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,290,469 |
| Accounts payable and accrued expenses | $0 |
| 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 | $46,252 |
| Total liabilities | $46,252 |
| Unrestricted restricted net Assets | $1,244,217 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $1,244,217 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Bhavana Society Inc has recieved totaling $10,613.
| Awarding Organization | Amount |
|---|---|
American Endowment Foundation Hudson, OH PURPOSE: RELIGION | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $613 |
View Grant Recipient Profile
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|---|---|---|
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Mongkoltepmunee Buddist Temple Bensalem, PA | $6,198,387 | $527,741 |
Won Buddhism Of The Usa Inc Rockville, MD | $2,656,575 | $337,112 |
Unified Buddhist Church Endowment Ellicott City, MD | $1,746,578 | $82,522 |
Khmer Buddhist Humanity Association Inc Philadelphia, PA | $5,074,682 | $1,080,927 |
Auspicious Cloud Buddhist Mediation Association Haymarket, VA | $932,455 | $496,388 |
Wat Nirodharangsee Stanardsville, VA | $538,982 | $778,371 |
Vietnamese Buddhist Association Centreville, VA | $399,290 | $233,873 |
Hoa Nghiem Pagoda Fort Belvoir, VA | $2,388,683 | $322,261 |
Benevolent Buddhist Temple Inc Bethesda, MD | $1,194,465 | $1,163,582 |