Center For The Practice Of Zen Buddhist Meditation
- Assets
- $1.6m
- Revenue
- $459.8k
- Investments
- $0.0
- Employees
- 4
- Location
- Sequim, WA
- Founding
- 09/1984
- Data as of
- 12/2021
- EIN
- 94-2900065
Organization Overview
Center For The Practice Of Zen Buddhist Meditation, operating under the name Meditation, is located in Sequim, WA. The organization was established in 1984. According to its NTEE Classification (X50) the organization is classified as: Buddhism, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Meditation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Meditation 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 12/2021, Meditation generated $459.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $325.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.8%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE SPIRITUAL GROWTH AND WELL BEING WITHIN THE ZEN BUDDHIST TRADITION
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAIN MEDITATION FACILITIES AND MEETING PLACES TO PROMOTE ACTIVITIES WITHIN THE ZEN BUDDHIST TRADITION.
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 |
|---|---|---|---|
Ashwini Narayanan Secretary | OfficerTrustee | 40 | $60,960 |
Cheri Huber President | OfficerTrustee | 25 | $42,000 |
Jennifer Colmore Treasurer | OfficerTrustee | 10 | $12,000 |
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 | $377,071 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $377,071 |
| Total Program Service Revenue | $0 |
| Investment income | $24,237 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $94,481 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $459,776 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $114,960 |
| Compensation of current officers, directors, key employees. | $11,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $49,550 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,689 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,617 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,840 |
| Fees for services: Other | $23,487 |
| Advertising and promotion | $444 |
| Office expenses | $2,053 |
| Information technology | $6,366 |
| Royalties | $0 |
| Occupancy | $10,138 |
| 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 | $7,638 |
| Insurance | $7,749 |
| All other expenses | $18,129 |
| Total functional expenses | $325,534 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $204,742 |
| 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 | $553,199 |
| Investments—publicly traded securities | $568,547 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $305,668 |
| Total assets | $1,632,156 |
| Accounts payable and accrued expenses | $8,682 |
| 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 | $8,682 |
| Net assets without donor restrictions | $1,623,474 |
| 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 | $1,632,156 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Center For The Practice Of Zen Buddhist Meditation has recieved totaling $51.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $51 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sheng-Yen Lu Foundation Redmond, WA | $13,329,663 | $1,856,075 |
Seattle Meditation Center Mountlake Terrance, WA | $2,480,569 | $886,146 |
Friends Of Cloud Mountain Castle Rock, WA | $2,182,059 | $720,638 |
Center For The Practice Of Zen Buddhist Meditation Sequim, WA | $1,632,156 | $459,776 |
Oregon Meditation Center Portland, OR | $1,627,146 | $324,907 |
Pariyatti Onalaska, WA | $667,319 | $352,710 |
Vietnamese Buddhist Meditation Congregation Renton, WA | $396,049 | $0 |
Northwest Zen Sangha Portland, OR | $5,044,797 | $760,154 |
Khmer Buddhist Society Seattle, WA | $563,332 | $691,313 |
Intermountain Vipassana Association Inc Lava Hot Springs, ID | $1,668,454 | $181,845 |
Vietnamese Buddhist Community Co Lam Temple Seattle, WA | $637,519 | $153,346 |
Buddhist Community Of Oregon Portland, OR | $0 | $148,588 |