Spring Forest Qigong Institute
- Assets
- $474.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Eden Prairie, MN
- Founding
- 02/2015
- Data as of
- 12/2023
- EIN
- 90-1035333
Organization Overview
Spring Forest Qigong Institute is located in Eden Prairie, MN. The organization was established in 2015. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spring Forest Qigong Institute 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, Spring Forest Qigong Institute generated $113.0k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $1.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE SPRING FOREST QIGONG INSTITUTE CONTINUES TO FOCUS ITS ATTENTION BUILDING A STRONGER FOUNDATION FOR ITS THREE MAIN ACTIVITY AREAS IN THIS NON-PROFIT ORGANIZATION: 1. EDUCATIONAL PROGRAMS, 2. EDUCATIONAL OUTREACH, AND 3. EDUCATIONAL TRAINING. IT CONTINUES TO PURSUIT A COURSE OF DEVELOPMENT THAT SUPPORTS MASTER CHUNYI LIN'S PRIMARY MESSAGE AND VISION: "EVERYONE IS BORN A HEALER- AND "A HEALER IN EVERY FAMILY, A WORLD WITHOUT PAIN AND SUFFERING." THERE CONTINUES TO BE SOME FINANCIAL CONTRIBUTIONS FROM VARIOUS INDIVIDUALS, MOSTLY IN RESPONSE TO A GENERIC NEWSLETTER. DURING 2023, THERE WAS NO ACTIVITY, IN-PERSON BOARD MEETINGS, SPECIFIC OUTREACH, NOR FINANCIAL CAMPAIGNS DUE TO THE LINGERING EFFECTS OF THE COVID19 PANDEMIC. THIS IS EXPECTED TO BE A TEMPORARY HOLD OF ACTIVITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Glenn Tobey Chair | 0.1 | $0 | |
Chunyi Lin Treasurer | 0.1 | $0 | |
Joseph Frandsen Controller | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $113,030 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $113,030 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $350 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $1,042 |
| Total expenses | $1,392 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $474,772 |
| Other assets | $0 |
| Total assets | $474,772 |
| Total liabilities | $0 |
| Net assets or fund balances | $474,772 |