Temple Of Peace And Virtue
- Assets
- $259.3k
- Revenue
- $280.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Bradyville, TN
- Founding
- 01/2020
- Data as of
- 12/2021
- EIN
- 82-2706157
Organization Overview
Temple Of Peace And Virtue is located in Bradyville, TN. The organization was established in 2020. According to its NTEE Classification (X50) the organization is classified as: Buddhism, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Temple Of Peace And Virtue employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Temple Of Peace And Virtue 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, Temple Of Peace And Virtue generated $280.7k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 22.2% each year . All expenses for the organization totaled $218.9k 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
TO PROVIDE TEACHING AND TRAINING OF QIGONG AND RELATED DAOIST SPIRITUAL AND RELIGIOUS TECHNIQUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A SCHOOL DEDICATED TO THE TEACHING AND TRAINING OF STUDENTS IN QIGONG AND RELATED DAOIST RELIGIOUS AND SPIRITUAL PRACTICES.
OPERATION OF A QIGONG MEDICAL CLINIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bernard Shannon President | OfficerTrustee | 50 | $48,000 |
Brenda Shannon Treasurer | OfficerTrustee | 50 | $24,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
None 0 | 12/30/21 | $0 |
None 0 | 12/30/21 | $0 |
None | 12/30/21 | $0 |
None 0 | 12/30/21 | $0 |
None 0 | 12/30/21 | $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 | $86,450 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $86,450 |
| Total Program Service Revenue | $166,110 |
| Investment income | $1,241 |
| 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 | $3,395 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $280,656 |
| 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. | $107,400 |
| Compensation of current officers, directors, key employees. | $42,960 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,508 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,956 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,422 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $566 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $78 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,115 |
| Insurance | $0 |
| All other expenses | $35,174 |
| Total functional expenses | $218,889 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100,350 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,250 |
| Loans from Officers, Directors, or Controlling Persons | $88,926 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $17,247 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $30,297 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $5,875 |
| Other assets | $5,313 |
| Total assets | $259,258 |
| Accounts payable and accrued expenses | $1,258 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $13,763 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $61,200 |
| Other liabilities | $0 |
| Total liabilities | $76,221 |
| Net assets without donor restrictions | $183,037 |
| 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 | $259,258 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Temple Of Peace And Virtue has recieved totaling $200.
| Awarding Organization | Amount |
|---|---|
Whole Moon Foundation Nevada City, CA PURPOSE: GENERAL SUPPORT | $200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ligmincha International Inc Shipman, VA | $3,616,918 | $1,093,375 |
Heartwood Refuge Hendersonville, NC | $2,013,186 | $309,824 |
Tu Vien Truc Lam Buddhist Central Inc Riverdale, GA | $1,941,563 | $418,470 |
Southern Dharma Retreat Center Inc Hot Springs, NC | $1,396,796 | $438,249 |
Chua Quan Am Kansas City Buddhist Association Kansas City, MO | $190,307 | $318,764 |
Sangha Bhiksu Buddhist Association Lawrenceville, GA | $1,683,037 | $360,966 |
Association Of Vietnamese Buddhists In Little Rock Arkansas Bauxite, AR | $612,713 | $348,778 |
Auspicious Cloud Buddhist Mediation Association Haymarket, VA | $932,455 | $496,388 |
Wat Nirodharangsee Stanardsville, VA | $538,982 | $778,371 |
Georgia Meditation Center Inc Atlanta, GA | $2,923,465 | $320,641 |
Temple Of Peace And Virtue Bradyville, TN | $259,258 | $280,656 |
Vietnamese Buddhist Association Centreville, VA | $399,290 | $233,873 |