Vajravarahi Meditation Center Inc
- Assets
- $72.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Water Mill, NY
- Founding
- 03/2012
- Data as of
- 12/2021
- EIN
- 20-2204609
Organization Overview
Vajravarahi Meditation Center Inc, operating under the name KMC The Hamptons, is located in Water Mill, NY. The organization was established in 2012. According to its NTEE Classification (X80) the organization is classified as: Religious Media & Communications, 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. KMC The Hamptons 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, KMC The Hamptons generated $55.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $47.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.7%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTION OF THE BUDDHIST FAITH UNDER THE SPIRITUAL GUIDANCE OF THE ELECTED GENERAL SPIRITUAL DERECTOR OF NEW KADAMPA TRADITION PRINCIPALLY THROUGH THE ACTIVITIES OF TEACHING, STUDY, ETC..
Describe the Organization's Program Activity:
Part 3
DONATIONS
MEDITATIONS CLASS
MONTHLY PLEDGE
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alfred P Tuff Administrator | 4 | $0 | |
Terrance Daniels Board Member | 4 | $0 | |
Michael Cardacino Treasurer | 6 | $0 | |
Terry Taylor Board Member | 4 | $0 | |
Samantha Cooper Board Member | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,200 |
| Total Program Service Revenue | $8,671 |
| Membership dues | $16,850 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $55,721 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $39,536 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $7,631 |
| Total expenses | $47,167 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $51,002 |
| Other assets | $0 |
| Total assets | $72,302 |
| Total liabilities | $0 |
| Net assets or fund balances | $72,302 |
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