Friends Of Garezers Inc
- Assets
- $5.6m
- Revenue
- $146.1k
- Investments
- $3.9m
- Employees
- 0
- Location
- Ada, MI
- Founding
- 11/2012
- Data as of
- 12/2022
- EIN
- 27-3875602
Organization Overview
Friends Of Garezers Inc is located in Ada, MI. The organization was established in 2012. 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. Friends Of Garezers Inc 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 Garezers Inc generated $146.1k in total revenue. All expenses for the organization totaled $414.3k during the year ending 12/2022. While expenses have increased by 210.8% per year over the past 5 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATIONS TO LATVIAN CENTER GAREZERS INC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karlis Vizulis President | 2 | $0 | |
Andra Zommers Director | 1 | $0 | |
Vilnis Kubulins Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $121,519 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $24,613 |
| Capital Gain Net Income | $24,613 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $146,132 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $775 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,478 |
| Total operating and administrative expenses | $9,424 |
| Contributions, gifts, grants paid | $404,920 |
| Total expenses and disbursements | $414,344 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $356,044 |
| Savings and temporary cash investments | $633,000 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $708,000 |
| Total assets | $5,581,240 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Friends Of Garezers Inc has awarded $115,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Three Rivers, MI PURPOSE: MATCHING DONATION CAMPAIGN | $50,000 |
Three Rivers, MI PURPOSE: MATCHING DONATION CAMPAIGN | $50,000 |
Three Rivers, MI PURPOSE: PLAZA PROJECT | $7,500 |
Three Rivers, MI PURPOSE: PLAZA PROJECT | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Friends Of Garezers Inc Ada, MI | $5,581,240 | $146,132 |
Institute For Zen Leadership Madison, WI | $92,245 | $155,271 |
Kumbum Chamtse-Ling Inc Bloomington, IN | $973,683 | $343,042 |
Wat Buddha Samakidham Inc Columbus, OH | $407,345 | $253,477 |
Vietnamese And American Buddhist Association Corp Indianapolis, IN | $169,387 | $0 |
America International Buddhist Association Quan Am Temple Mason, MI | $177,120 | $218,453 |
Buddhist Society Of Cincinnati Hamilton, OH | $149,840 | $0 |
Quan Am Temple Of Buddhist Cultural Centre Of Cleveland-Ohio Cleveland, OH | $600,814 | $233,001 |
Vietnamese Buddhist Association Of Detroit-Linh Phong Monastry Warren, MI | $540,592 | $137,644 |
Kevala Retreat Norwalk, WI | $658,089 | $145,953 |
Korinji Foundation Reedsburg, WI | $589,889 | $124,258 |
Buddha Haksa Corporation Waukesha, WI | $2,319,463 | $570,128 |