Southern Dharma Retreat Center Inc
- Assets
- $1.4m
- Revenue
- $438.2k
- Investments
- $0.0
- Employees
- 9
- Location
- Hot Springs, NC
- Founding
- 02/1993
- Data as of
- 12/2021
- EIN
- 56-1695711
Organization Overview
Southern Dharma Retreat Center Inc is located in Hot Springs, NC. The organization was established in 1993. 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, Southern Dharma Retreat Center Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southern Dharma Retreat Center 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 12/2021, Southern Dharma Retreat Center Inc generated $438.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $398.9k during the year ending 12/2021. While expenses have increased by 5.2% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF SOUTHERN DHARMA RETREAT CENTER (SDRC) IS TO PROVIDE MEDITATION RETREATS, TO MAKE AVAILABLE TEACHINGS AND PRACTICES FROM BUDDHIST AND RELATED TRADITIONS, AND TO SERVE AS A RESOURCE FOR GROUPS, TEACHERS, AND PRACTITIONERS IN THE SOUTHEAST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOUTHERN DHARMA RETREAT CENTER IS A PLACE OF REFUGE OFFERING EDUCATION, MEDITATION, CONTEMPLATION AND SILENCE IN A REMOTE RETREAT SETTING, FACILITATED BY TEACHERS OF VARYING TRADITIONS. SOUTHERN DHARMA RETREAT CENTER IS A MEDITATION CENTER WHOSE PURPOSE IS TO OFFER AND PROMOTE PROGRAMMING REPRESENTING A VARIETY OF SPIRITUAL TRADITIONS, WITH THE GOAL OF PROVIDING A COMFORTABLE GATHERING PLACE, REMOVED FROM THE DISTRACTIONS OF EVERYDAY LIFE, WHILE CREATING AN ATMOSPHERE SUPPORTIVE OF QUIET REFLECTION WHERE ONE CAN ACCESS AND NURTURE A SENSE OF PEACE AND UNCOVER THE TRUTH WITHIN THE HEART. FOR THE 2021 CALENDAR YEAR, A TOTAL OF 35 RETREATS WERE CONDUCTED. OF THESE, 11 WERE "AT HOME" (ONLINE) RETREATS, WITH ONE OF THOSE BEING A HYBRID ONSITE/AT HOME RETREAT. RETREATS RANGED FROM 2 TO 10 NIGHTS IN LENGTH, FOR A TOTAL OF 138 RETREAT NIGHTS. RETREATS WERE OFFERED BY 22 TEACHERS AND ATTENDED BY 446 PARTICIPANTS WITH SUBJECT OFFERINGS AND TEACHERS REPRESENTING A VARIETY OF BUDDHIST TRADITIONS. SDRC AWARDED PARTIAL OR FULL SCHOLARSHIPS AND FELLOWSHIPS TO 26 RETREATANTS, OR APPROXIMATELY 5.8% OF ATTENDEES. IN ADDITION TO PERMANENT STAFF, RETREAT OPERATIONS WERE SUPPORTED BY 26 RETREAT VOLUNTEERS FOR A TOTAL OF 388 VOLUNTEER HOURS.
THE CENTER'S PURPOSE IS TO PROMOTE AWARENESS OF THE VALUE OF MEDITATION, CONTEMPLATION AND SILENCE AS A WAY TO UNCOVER THE TRUTHS WITHIN THE HEART. FOR THE 2021 CALENDAR YEAR, A TOTAL OF 35 RETREATS WERE CONDUCTED. OF THESE, 11 WERE "AT HOME" (ONLINE) RETREATS, WITH ONE OF THOSE BEING A HYBRID ONSITE/AT HOME RETREAT. RETREATS RANGED FROM 2 TO 10 NIGHTS IN LENGTH, FOR A TOTAL OF 138 RETREAT NIGHTS. RETREATS WERE OFFERED BY 22 TEACHERS AND ATTENDED BY 446 PARTICIPANTS WITH SUBJECT OFFERINGS AND TEACHERS REPRESENTING A VARIETY OF BUDDHIST TRADITIONS. SDRC AWARDED PARTIAL OR FULL SCHOLARSHIPS AND FELLOWSHIPS TO 26 RETREATANTS, OR APPROXIMATELY 5.8% OF ATTENDEES. IN ADDITION TO PERMANENT STAFF, RETREAT OPERATIONS WERE SUPPORTED BY 26 RETREAT VOLUNTEERS FOR A TOTAL OF 388 VOLUNTEER HOURS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sonia Marcus Executive Di | OfficerTrustee | 40 | $52,061 |
Alan Young Treasurer | OfficerTrustee | 5 | $0 |
Smithson Mills Board Member | Trustee | 2 | $0 |
Brian Silva Board Member | Trustee | 2 | $0 |
David Heckel Chair | Trustee | 5 | $0 |
Toby King Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $23,183 |
| All other contributions, gifts, grants, and similar amounts not included above | $53,735 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $76,918 |
| Total Program Service Revenue | $335,821 |
| Investment income | $6,270 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $17,142 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $537 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $438,249 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $20,280 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $52,061 |
| Compensation of current officers, directors, key employees. | $5,206 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $84,443 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $19,429 |
| Payroll taxes | $10,978 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,671 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $28,159 |
| Advertising and promotion | $617 |
| Office expenses | $1,048 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,960 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,020 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,725 |
| Insurance | $15,237 |
| All other expenses | $54,185 |
| Total functional expenses | $398,857 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $77,659 |
| Savings and temporary cash investments | $95,735 |
| 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 | $2,720 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $611,476 |
| Investments—publicly traded securities | $589,206 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $20,000 |
| Total assets | $1,396,796 |
| 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 | $124,649 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $124,649 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $1,217,147 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $55,000 |
| Total liabilities and net assets/fund balances | $1,396,796 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Southern Dharma Retreat Center Inc has recieved totaling $30,449.
| Awarding Organization | Amount |
|---|---|
Coastal Community Foundation Of South Carolina Inc N Charleston, SC PURPOSE: RELIGION GRANT | $28,000 |
Adele And Willard Gidwitz Family Foundation Durham, NC PURPOSE: GENERAL SUPPORT | $2,000 |
The Hendricks-Cox Foundation Gastonia, NC PURPOSE: DONATION | $200 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $184 |
Baird Foundation Inc Milwaukee, WI PURPOSE: ETHNIC AND RELIGIOUS | $65 |
Endowment Analysis
| Beg. Balance | $320,443 |
| Earnings | $55,845 |
| Admin Expense | $3,123 |
| Ending Balance | $349,813 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Goodcoin Foundation Charleston, SC | $2,902,105 | $7,447,485 |
Encouraging Word Inc Spartanburg, SC | $793,280 | $1,352,254 |
Ligmincha International Inc Shipman, VA | $3,616,918 | $1,093,375 |
South Carolina Falun Dafa Association Greer, SC | $135,618 | $712,489 |
Heartwood Refuge Hendersonville, NC | $2,013,186 | $309,824 |
Tu Vien Truc Lam Buddhist Central Inc Riverdale, GA | $1,941,563 | $418,470 |
Southern Dharma Retreat Center Inc Hot Springs, NC | $1,396,796 | $438,249 |
Sangha Bhiksu Buddhist Association Lawrenceville, GA | $1,683,037 | $360,966 |
Auspicious Cloud Buddhist Mediation Association Haymarket, VA | $932,455 | $496,388 |
Wat Nirodharangsee Stanardsville, VA | $538,982 | $778,371 |
Georgia Meditation Center Inc Atlanta, GA | $2,923,465 | $320,641 |
Temple Of Peace And Virtue Bradyville, TN | $259,258 | $280,656 |