Midwest Dharma Wheel Contemplative & Healing Arts Inc
- Assets
- $539.2k
- Revenue
- $210.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Lincoln, NE
- Founding
- 12/2019
- Data as of
- 12/2022
- EIN
- 83-2059773
Organization Overview
Midwest Dharma Wheel Contemplative & Healing Arts Inc, operating under the name Religious Corporation, is located in Lincoln, NE. The organization was established in 2019. According to its NTEE Classification (X50) the organization is classified as: Buddhism, under the broad grouping of Religion-Related and related organizations. As of 12/2022, Religious Corporation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Religious Corporation 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, Religious Corporation generated $210.5k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $167.9k during the year ending 12/2022. While expenses have increased by 13.2% 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
WE OFFER: SUPPORT FOR PHYSICAL HEALTH THROUGH VARIOUS MOVEMENT MODALITIES AND HOLISTIC MEDICINE BASED ON THE ANCIENT TRADITION OF AYURVEDA. PSYCHOLOGICAL SUPPORT THROUGH JUNGIAN, CONTEMPLATIVE AND TRANSPERSONAL PSYCHOTHERAPY OFFERED ON A PERSONAL LEVEL AND ALSO THROUGH CLASSES. SUPPORT FOR THE SPIRITUAL GROWTH OF THE INDIVIDUAL, THROUGH PERSONAL MENTORING OR A COMMITTED TRACK OF PRACTICE ROOTED IN JUNGIAN AND EASTERN TRADITIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT FOR PHYSICAL HEALTH THROUGH VARIOUS MOVEMENT MODALITIES AND HOLISTIC MEDICINE BASED ON THE ANCIENT TRADITION OF AYURVEDA. PSYCHOLOGICAL SUPPORT THROUGH JUNGIAN, CONTEMPLATIVE AND TRANSPERSONAL PSYCHOTHERAPY OFFERED ON A PERSONAL LEVEL AND ALSO THROUGH CLASSES. SUPPORT FOR THE SPIRITUAL GROWTH OF THE INDIVIDUAL, THROUGH PERSONAL MENTORING OR A COMMITTED TRACK OF PRACTICE ROOTED IN JUNGIAN AND EASTERN TRADITIONS.
SUPPORT FOR PHYSICAL HEALTH THROUGH VARIOUS MOVEMENT MODALITIES AND HOLISTIC MEDICINE BASED ON THE ANCIENT TRADITION OF AYURVEDA. PSYCHOLOGICAL SUPPORT THROUGH JUNGIAN, CONTEMPLATIVE AND TRANSPERSONAL PSYCHOTHERAPY OFFERED ON A PERSONAL LEVEL AND ALSO THROUGH CLASSES. SUPPORT FOR THE SPIRITUAL GROWTH OF THE INDIVIDUAL, THROUGH PERSONAL MENTORING OR A COMMITTED TRACK OF PRACTICE ROOTED IN JUNGIAN AND EASTERN TRADITIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cary Twomey President | Officer | 40 | $36,000 |
Lee Willet Secretary/tr | Officer | 40 | $36,000 |
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 | $71,672 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $71,672 |
| Total Program Service Revenue | $138,760 |
| Investment income | $63 |
| 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 | $210,516 |
| 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. | $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 | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $72,000 |
| 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 | $2,675 |
| Advertising and promotion | $240 |
| Office expenses | $7,249 |
| Information technology | $1,281 |
| Royalties | $0 |
| Occupancy | $24,445 |
| 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 | $13,055 |
| Insurance | $18,483 |
| All other expenses | $1,137 |
| Total functional expenses | $167,930 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,510 |
| Savings and temporary cash investments | $135,092 |
| 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 | $389,568 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $539,170 |
| 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 | $126,091 |
| Total liabilities | $126,091 |
| Net assets without donor restrictions | $413,079 |
| 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 | $539,170 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Midwest Dharma Wheel Contemplative & Healing Arts Inc has recieved totaling $125,000.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $125,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Shambhala Mountain Center Red Feather Lakes, CO | $11,185,691 | $3,073,943 |
Pema Chodron Foundation Steamboat Springs, CO | $8,183,827 | $1,930,179 |
Dharma Ocean Foundation Boulder, CO | $4,440,017 | $463,383 |
Chua Quan Am Kansas City Buddhist Association Kansas City, MO | $190,307 | $318,764 |
Durango Sangha Durango, CO | $1,340,803 | $215,566 |
Better Burma Woodland Park, CO | $28,078 | $204,491 |
Midwest Dharma Wheel Contemplative & Healing Arts Inc Lincoln, NE | $539,170 | $210,516 |
Ishaya Foundation St James, MO | $338,527 | $0 |
Center For Contemplative Research Crestone, CO | $1,992,034 | $672,648 |
Zen Center Of Denver Denver, CO | $3,073,659 | $104,639 |
Konchok Foundation Boulder, CO | $128,255 | $0 |
Davenport Buddhist Association Kim Cang Temple Davenport, IA | $157,887 | $135,630 |