Tao Fellowship
- Assets
- $19.1m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 60
- Location
- Sedona, AZ
- Founding
- 12/1998
- Data as of
- 12/2020
- EIN
- 86-0923295
Organization Overview
Tao Fellowship is located in Sedona, AZ. The organization was established in 1998. 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, Tao Fellowship employed 60 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tao Fellowship 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 12/2020, Tao Fellowship generated $2.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (15.0%) each year. All expenses for the organization totaled $3.5m during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TEACH AND PROMOTE THE PRINCIPLES AND PRACTICES OF TAOISM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TRAINING PROGRAMS EDUCATE PEOPLE ABOUT THE PRINCIPLES AND SPIRITUAL PRACTICES OF TAOISM. THESE TRAININGS INCLUDE SPIRITUAL DIRECTION, HEALING, MEDITATION AND STUDYING ANCIENT SCRIPTURES FOR CHANGING THEIR LIVES.
TAO LEADERSHIP TRAININGS TEACHES HEALING, QIGONG AND MEDITATION TECHNIQUES AND PRACTICES ALL SKILLS TO BECOME A LEADER.
TO MAXIMIZE THE USE OF ITS FACILITIES, THE ORGANIZATION ALLOWS OTHER GROUPS IN THE YOGA AND SPIRITUAL COMMUNITIES TO HOLD THEIR WORKSHOPS, RETREATS, AND TRAININGS AT THE RETREAT CENTER. BY EXPOSING THESE GROUPS TO THE TAOIST LIFESTYLE.
CLASSES AND WORKSHOPS FROM LOCAL BRANCH TO DEVELOP COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nobuko Todd Director, President | Trustee | 40 | $60,000 |
Min Jung Kim Secretary & Treasurer | Trustee | 30 | $37,239 |
Kyung Run Kim Director, Vice President | Trustee | 2 | $0 |
Eun Mi Lee Director | Trustee | 2 | $0 |
Jae Ok Kim Director | Trustee | 1 | $0 |
Jung Eun Son Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $691,573 |
| Investment income | $5,221 |
| 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 | $40,189 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,706,388 |
| Statement of Expenses | |
|---|---|
| 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. | $90,911 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,185,657 |
| Pension plan accruals and contributions | $100,447 |
| Other employee benefits | $0 |
| Payroll taxes | $94,378 |
| Fees for services: Management | $97,949 |
| Fees for services: Legal | $21,600 |
| Fees for services: Accounting | $20,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $67,324 |
| Office expenses | $253,138 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $744,710 |
| Travel | $35,608 |
| 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 | $583,734 |
| Insurance | $74,242 |
| All other expenses | $0 |
| Total functional expenses | $3,482,080 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,664,109 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $59,200 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,607 |
| Inventories for sale or use | $132,440 |
| Prepaid expenses and deferred charges | $39,144 |
| Investments—publicly traded securities | $30,976 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,240 |
| Total assets | $19,067,372 |
| Accounts payable and accrued expenses | $167,850 |
| Grants payable | $0 |
| Deferred revenue | $338,784 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $30,771,739 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $74,055 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $79,056 |
| Total liabilities | $659,745 |
| 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 |
| Total liabilities and net assets/fund balances | $18,407,627 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Tao Fellowship has recieved totaling $6,200.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $6,200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Life Worship Ministries Inc Scottsdale, AZ | $1,015,217 | $4,541,172 |
Catholic Charities Of The Diocese Of Oakland Oakland, CA | $39,560,106 | $13,377,446 |
Canal Alliance San Rafael, CA | $13,209,485 | $13,069,505 |
Alliance For Housing And Healing Los Angeles, CA | $3,099,540 | $10,429,736 |
Fred Maytag Family Foundation San Francisco, CA | $67,782,266 | $1,530,855 |
Voice Of Prophecy Riverside, CA | $11,402,103 | $7,152,408 |
Science And Nonduality Sebastopol, CA | $5,779,504 | $9,674,990 |
College Golf Fellowship Roseville, CA | $4,740,992 | $5,717,609 |
Promise Keepers Colorado Springs, CO | $314,391 | $4,644,365 |
Associated Builders & Contractors Of Southern California Anaheim, CA | $3,214,682 | $4,513,844 |
Mesa Valley Community School Grand Junction, CO | $4,974,586 | $4,247,839 |
Tao Fellowship Sedona, AZ | $19,067,372 | $2,706,388 |