Blazing Wisdom Institute
- Assets
- $662.0k
- Revenue
- $71.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Albany, NY
- Founding
- 12/2004
- Data as of
- 12/2023
- EIN
- 77-0647400
Organization Overview
Blazing Wisdom Institute is located in Albany, NY. The organization was established in 2004. 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. Blazing Wisdom Institute 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 12/2023, Blazing Wisdom Institute generated $71.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.0%) each year. All expenses for the organization totaled $80.3k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (10.4%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO TEACH, PRESERVE, AND PUBLISH TIBETAN MEDITATION AND CHINESE ESOTERIC PRACTICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ONLINE CHENREZIG MEDITATION PRACTICE THRICE WEEKLY, WEEKLY ONLINE NGONDRO MEDITATION PRACTICE, WEEKLY ONLINE DORJE DROLLO MEDITATION PRACTICE, TWICE MONTHLY ONLINE TSOG MEDITATION PRACTICE, TWICE MONTHLY POWA MEDITATION PRACTICE, THRICE WEEKLY (ON AVERAGE) SOCIAL MEDIA EDUCATIONAL POSTS AND UPDATES ON UPCOMING EVENTS, AND PERIODIC ONLINE DHARMA TALKS AND TEACHINGS.
ONLINE AND IN-PERSON TEACHING AND MEDITATION PROGRAMS, INCLUDING PRAYER FESTIVAL FOR WORLD PEACE (RIMAY MONLAM), AN INTENSIVE PRAYER FESTIVAL WHERE PARTICIPANTS CAME TOGETHER TO RECITE TIBETAN BUDDHIST PRAYERS FOR WORLD PEACE. ATTENDEES IN DIFFERENT PLACES AND COUNTRIES PARTICIPATED VIA ONLINE LIVE BROADCAST. 20 PEOPLE ATTENDED THE PRAYER FESTIVAL IN PERSON AT DHARMAKAYA CENTER FOR WELLBEING.
TRANSLATING, PRINTING AND PUBLISHING OF TIBETAN BUDDHIST PHILOSOPHY AND MEDITATION TEXTS, REPRINTING OF CATALOGUE BOOK TITLES TO MAINTAIN STOCK FOR THIRD PARTY MERCHANTS AND FOR PROPRIETARY WEBSHOP AND DIGITAL SALES, PUBLICATION OF NEW CATALOGUE TITLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ivy Geok Loo Treasurer | OfficerTrustee | 2 | $0 |
Sherab Posel-Tulku Sherdor Executive Director, President | OfficerTrustee | 45 | $0 |
Ryan Connolly Vice-President | OfficerTrustee | 10 | $0 |
Howard Stahl Board Member | Trustee | 5 | $0 |
Justin Dituri Director | Trustee | 1 | $0 |
James Elkin Board Member | Trustee | 15 | $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 | $39,311 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $39,311 |
| Total Program Service Revenue | $20,031 |
| Investment income | $11,990 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $395 |
| 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 | $71,727 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $14,832 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,000 |
| 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 | $5,937 |
| Information technology | $2,077 |
| Royalties | $0 |
| Occupancy | $6,872 |
| Travel | $18,820 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,443 |
| Interest | $667 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,549 |
| Insurance | $0 |
| All other expenses | $4,494 |
| Total functional expenses | $80,262 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,870 |
| Savings and temporary cash investments | $467 |
| 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 | $312,941 |
| Investments—publicly traded securities | $301,678 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $661,956 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $661,956 |
| 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 | $661,956 |