Lotus Sea Samadhi Meditation Center
- Assets
- $253.4k
- Revenue
- $206.4k
- Investments
- $0.0
- Employees
- 1
- Location
- Rockwood, MI
- Founding
- Data as of
- 12/2023
- EIN
- 92-0696360
Organization Overview
Lotus Sea Samadhi Meditation Center is located in Rockwood, MI. According to its NTEE Classification (X50) the organization is classified as: Buddhism, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lotus Sea Samadhi Meditation Center 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, Lotus Sea Samadhi Meditation Center generated $206.4k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 42.1% each year . All expenses for the organization totaled $55.1k 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
PROPAGATING BUDDHA DHARMA, HELP THE MASSES ENTER THE DOOR OF BUDDHA DHARMA, HELP THEM KNOW THE BUDDHA AND LEARN FROM THE BUDDHA, HELP THEM UNDERSTAND THE IMPORTANCE OF UPHOLDING THE PRECEPTS, GUIDE THEM TO PRACTICE BUDDHA DHARMA, HELP THEM TO KNOW THE TRUTH OF THE UNIVERSE AND SEE THROUGH PROBLEMS THEY ENCOUNTER IN THEIR LIFE, HELP THEM RELIEVE THEIR PAIN AND GO THROUGH DIFFICULTIES. THE ORGANIZATION PLANS TO HOLD MEDITATION SESSIONS. THE ORGANIZATION PLANS TO ORGANIZATION PILGRIMAGE TRIPS TO INDIA WHEN SITUATION ALLOWS. HELP THOSE WHO HAVE AFFINITY WITH THE BUDDHA TO RECONNECT WITH THE BUDDHA, TO RESONATE WITH THE BUDDHA, SO THEY CAN BETTER LEARN FROM THE BUDDHA. THE ORGANIZATION PLANS TO HOLD SEMINARS AND WORKSHOPS TO INTRODUCE BUDDHIST DIET TO THE MASSES. THE ORGANIZATION PLANS TO BUILD GARDENS WITH THE HELP FROM ALL MEMBERS/VOLUNTEERS SEASONALLY. THE ORGANIZATION PLANS TO HOLD RETREATS IN THE FUTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED WEEKLY DHARMA TALKS, PROPAGATING BUDDHA DHARMA.
GUIDED MEDITATION
ANSWER QUESTIONS AND HELP WITH PEOPLE'S RISING PROBLEMS THROUGH EMAILS, PHONES, APPS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shaofang Yu President | Trustee | 10 | $0 |
Xingmei Cong Secretary | Officer | 3 | $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 | $206,353 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $206,353 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $206,353 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $20,000 |
| 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. | $4,955 |
| 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 | $379 |
| Fees for services: Management | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,382 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $25,200 |
| 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 | $0 |
| All other expenses | $1,169 |
| Total functional expenses | $55,085 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,689 |
| 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 | $0 |
| Net Land, buildings, and equipment | $238,734 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $253,423 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $253,423 |
| 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 | $253,423 |