Friends Of Cloud Mountain
- Assets
- $2.3m
- Revenue
- $768.0k
- Investments
- $0.0
- Employees
- 14
- Location
- Castle Rock, WA
- Founding
- 10/1998
- Data as of
- 12/2022
- EIN
- 91-1859995
Organization Overview
Friends Of Cloud Mountain is located in Castle Rock, WA. The organization was established in 1998. 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, Friends Of Cloud Mountain employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of Cloud Mountain 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, Friends Of Cloud Mountain generated $768.0k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $688.6k during the year ending 12/2022. While expenses have increased by 2.3% per year over the past 6 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
RETREATS FOCUSED ON BUDDHIST TEACHINGS OR PRACTICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE OFFERED 30 TEACHER-GUIDED GROUP RETREATS VARYING IN LENGTH FROM 3 TO 13 DAYS IN 2022. TWO SUPPORTED SELF-RETREATS FOR SMALL GROUPS OF INDIVIDUALS WERE ALSO HELD. ALL OF THE RETREATS WERE ORGANIZED SOLELY BY CLOUD MOUNTAIN. RETREATS FOCUSED ON VARIOUS ASPECTS OF BUDDHIST TEACHINGS OR PRACTICE AND FEATURED A TEACHER OR TEACHERS WELL KNOWN AMONG PRACTICING BUDDHISTS. LECTURES, MEDITATION, OR RELATED ACTIVITIES ARE SCHEDULED THROUGHOUT THE DAY. PARTICIPANTS HAVE LITTLE FREE TIME AND ARE OFTEN EXPECTED TO CONTINUE MEDITATION ON THEIR OWN DURING UNSCHEDULED TIMES. RETREATS ARE STAFFED BY FRIENDS OF CLOUD MOUNTAIN EMPLOYEES, WITH SIGNIFICANT AMOUNTS OF LABOR PROVIDED BY THE PARTICIPANTS THEMSELVES, WHICH HELPS TO KEEP RETREAT FEES LOW. THE FEE FOR EACH RETREAT DEPENDS ON THE LENGTH OF THE RETREAT AND RELATED COSTS. GENERALLY, EVERY RETREAT ACCEPTS SOME WORK-EXCHANGE PARTICIPANTS WHO PAY A REDUCED FEE. THERE ARE NEED-BASED SCHOLARSHIP FUNDS FUNDED IN PART BY DONATIONS FROM THE COMMUNITY AVAILABLE TO ASSIST LOW-INCOME INDIVIDUALS TO ATTEND RETREATS. A SPECIAL SCHOLARSHIP FUND FOR YOUNG ADULTS AGES 18-35 HAS BEEN ESTABLISHED, AVAILABLE ON A SELECT GROUP OF RETREATS, WHICH IS FUNDED LARGELY BY PRIVATE DONORS, WITH ADDITIONAL CONTRIBUTIONS FROM THE COMMUNITY. A SPECIAL SCHOLARSHIP FOR PEOPLE OF COLOR HAS ALSO BEEN ESTABLISHED THROUGH DONATIONS FROM THE COMMUNITY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Hauer Secretary | OfficerTrustee | 37 | $67,600 |
David Branscomb President | OfficerTrustee | 20 | $29,871 |
Robert Santikaro Larson Vice President | OfficerTrustee | 2 | $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 | $325,899 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $325,899 |
| Total Program Service Revenue | $438,370 |
| Investment income | $5,241 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4,464 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $768,028 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $21,436 |
| Grants and other assistance to domestic individuals. | $11,363 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $97,470 |
| Compensation of current officers, directors, key employees. | $17,545 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $139,445 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $35,711 |
| Payroll taxes | $24,427 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,710 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,387 |
| Office expenses | $4,000 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $158,314 |
| Travel | $12,256 |
| 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 | $31,469 |
| Insurance | $19,298 |
| All other expenses | $33,214 |
| Total functional expenses | $688,567 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $268,284 |
| Savings and temporary cash investments | $1,165,757 |
| 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 | $9,406 |
| Net Land, buildings, and equipment | $881,397 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,324,844 |
| Accounts payable and accrued expenses | $34,714 |
| Grants payable | $0 |
| Deferred revenue | $240,815 |
| 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 | $5,410 |
| Total liabilities | $280,939 |
| Net assets without donor restrictions | $1,955,768 |
| Net assets with donor restrictions | $88,137 |
| 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 | $2,324,844 |
Grants Awarded
Over the last fiscal year, Friends Of Cloud Mountain has awarded $16,750 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
KARUNA BUDDHIST PURPOSE: Donation | $11,125 |
SARANALOKA FOUNDATION PURPOSE: Donation | $5,625 |