Sahaloka Monastic Community
- Assets
- $256.9k
- Revenue
- $219.5k
- Investments
- $0.0
- Employees
- 1
- Location
- Crestone, CO
- Founding
- 02/2016
- Data as of
- 12/2019
- EIN
- 47-4591219
Organization Overview
Sahaloka Monastic Community is located in Crestone, CO. The organization was established in 2016. 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. Sahaloka Monastic Community 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 12/2019, Sahaloka Monastic Community generated $219.5k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 67.7% each year . All expenses for the organization totaled $27.2k during the year ending 12/2019. While expenses have increased by 67.4% per year over the past 2 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
THE PRIMARY OBJECTIVE AND PURPOSES OF THE SAHALOKA MONASTIC COMMUNITY ARE TO CREATE A PLACE OF CONTEMPLATION, MEDITATION, PRAYER; A RESIDENCE FOR A CONGREGATION OF BUDDHIST MONASTICS' AND AN INSTITUTION FOR THE STUDY AND PRACTICE OF MAHAYANA BUDDISM, THUS SUPPORTING THE DEVELOPMENT OF AMERICAN BUDDHIST MONASTICISM BY MEANS OF STUDY RESEARCH, PUBLICATIONS AND EXHCNAGE WITH OTHER MONASTIC COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
"SAHALOKA MAINTAINS A COMMUNITY HOUSE TO (1) PROVIDE RELIGIOUS RETREAT OPPORTUNITY FOR RESIDENT AND VISITING MONASTICS; (2) TO PROVIDED A SPACE FOR REGULAR, ONGOING RELIGIOUS LITURGICAL PRACTICE FOR RESIDENT AND LOCAL MONASTICS, AND (3) TO PROVIDE A LOCATION FOR ONGOING EDUCATIONAL PROGRAMS. THE LARGEST CATEGORY OF EXPENDITURES RELATE TO UPKEEP AND MAINTENANCE OF THE FACILITY AND FOOD COSTS ASSOCIATED WITH RETREATS AND TEACHING EVENTS. OUR ONE VEHICLE IS USED FOR THE TRANSPORT OF VISITING RETREATANTS, TRANSPORT OF RESIDENT MONASTICS TO TEACHINGS AND COMMUNITY VOLUNTEER ACTIVITIES AND FOR ROUTINE TASKS SUCH AS FOOD AND SUPPLY SHOPPING."
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Fry Treasurer | Trustee | 1 | $0 |
Ana Guliak President | Trustee | 1 | $0 |
Kimberly Morgan Secretary | Trustee | 1 | $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 | $215,152 |
| Noncash contributions included in lines 1a–1f | $188,256 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $215,152 |
| Total Program Service Revenue | $4,000 |
| Investment income | $300 |
| 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 | $219,452 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,150 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $589 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,410 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,822 |
| Travel | $121 |
| 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 | $5,721 |
| Insurance | $0 |
| All other expenses | $1,195 |
| Total functional expenses | $27,187 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $60,166 |
| 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 | $196,735 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $256,901 |
| 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 | $199 |
| Total liabilities | $199 |
| Net assets without donor restrictions | $0 |
| 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 | $256,702 |
| Total liabilities and net assets/fund balances | $256,901 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Sahaloka Monastic Community has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Pema Chodron Foundation Steamboat Springs, CO PURPOSE: Support nuns household in Colo | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Shambhala Mountain Center Red Feather Lakes, CO | $11,185,691 | $3,073,943 |
Pema Chodron Foundation Steamboat Springs, CO | $8,183,827 | $1,930,179 |
Dharma Ocean Foundation Boulder, CO | $4,440,017 | $463,383 |
Big Mind Inc Salt Lake City, UT | $129,616 | $0 |
Jemez Bodhi Mandala Jemez Springs, NM | $1,035,637 | $224,225 |
Durango Sangha Durango, CO | $1,340,803 | $215,566 |
Better Burma Woodland Park, CO | $28,078 | $204,491 |
Midwest Dharma Wheel Contemplative & Healing Arts Inc Lincoln, NE | $539,170 | $210,516 |
Center For Contemplative Research Crestone, CO | $1,992,034 | $672,648 |
Zen Center Of Denver Denver, CO | $3,073,659 | $104,639 |
Diamond Cutter Classics Sedona, AZ | $168,163 | $303,115 |
Azrd Llc Phoenix, AZ | $49,569 | $0 |