Mandala Center Incorporated
- Assets
- $9.2k
- Revenue
- $177.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Davenport, IA
- Founding
- 07/1997
- Data as of
- 12/2023
- EIN
- 85-0442531
Organization Overview
Mandala Center Incorporated is located in Davenport, IA. The organization was established in 1997. According to its NTEE Classification (S50) the organization is classified as: Nonprofit Management, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Mandala Center Incorporated employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mandala Center Incorporated 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 12/2023, Mandala Center Incorporated generated $177.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $747.7k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
CHARITABLE AND EDUCATIONAL PURPOSES INCLUDING OPERATING A RETREAT CENTER FOR THE PROMOTION OF SPIRITUAL, MENTAL, AND PHYSICAL HEALTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPIRITUAL DEVELOPMENT PROGRAM- ACQUAINT PEOPLE WITH THE STRENGTH AND INNER PEACE AVAILABLE TO THEM BY ENTERING A GREATER AWARENESS OF THEIR SPIRITUAL LIFE. MONTHLY STUDY GROUPS, SERVICES. 0 EVENTS IN 2023 DUE TO CONTINUED CLOSURE OF THE FACILITY.
TRANSFER TO THE CHARIS FOUNDATION - IN PREPARATION OF UPCOMING DISSOLUTION, THE MANDALA CENTER TRANSFERRED CASH FUNDS ($200,000) AND EQUIPMENT, FURNISHING, IMPROVEMENTS, AND OTHER ASSETS ($372,955 BOOK VALUE) TO THE CHARIS FOUNDATION FOR NEW MONASTICISM AND INTERSPIRITUALITY FOR THE DEVELOPMENT AND GROWTH OF THE MANDALA CENTER'S AND THE CHARIS FOUNDATION'S SHARED VISION AND MISSION OF PROMOTING SPIRITUAL, MENTAL, AND PHYSICAL HEALTH.
GROWTH AND CREATIVITY - ENCOURAGES PARTICIPANTS TO EXPLORE AND MORE FULLY UNDERSTAND THEIR ROLE IN THIS WORLD THROUGH PERSONAL GROWTH, AS WELL AS EXPLORING THEIR CREATIVE AND EXPRESSIVE SIDE. 0 EVENTS IN 2023 DUE TO CONTINUED CLOSURE OF THE FACILITY.
OTHER- PROVIDING RETREAT FACILITIES FOR COMMUNITY AND REGIONAL GROUPS, AS WELL AS INDIVIDUALS. 0 EVENTS IN 2023 DUE TO CONTINUED CLOSURE OF THE FACILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann M Nordby Sec., Tres, Dir | OfficerTrustee | 5 | $0 |
Anna H Wolfe President | OfficerTrustee | 5 | $0 |
Lani Kyea Director | Trustee | 0.25 | $0 |
Midge Graham Director | Trustee | 0.25 | $0 |
William Dailey Director | Trustee | 0.25 | $0 |
Linda Sherrill Director | Trustee | 0.25 | $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 | $170,040 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $170,040 |
| Total Program Service Revenue | $1,150 |
| Investment income | $6,000 |
| 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 | $177,190 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $572,955 |
| 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. | $79,546 |
| Compensation of current officers, directors, key employees. | $79,546 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $125 |
| Pension plan accruals and contributions | $948 |
| Other employee benefits | $745 |
| Payroll taxes | $5,000 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,969 |
| Fees for services: Accounting | $34,477 |
| 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 | $3,252 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $42,194 |
| 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 | $0 |
| Insurance | $1,479 |
| All other expenses | $202 |
| Total functional expenses | $747,716 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,596 |
| Savings and temporary cash investments | $0 |
| 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 | $2,166 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,438 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,200 |
| Accounts payable and accrued expenses | $1,881 |
| 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 | $0 |
| Total liabilities | $1,881 |
| Net assets without donor restrictions | $0 |
| 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 | $7,319 |
| Total liabilities and net assets/fund balances | $9,200 |