Open Way Sangha Inc
- Assets
- $205.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Missoula, MT
- Founding
- 05/2005
- Data as of
- 12/2023
- EIN
- 81-0503952
Organization Overview
Open Way Sangha Inc is located in Missoula, MT. The organization was established in 2005. 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. Open Way Sangha 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 12/2023, Open Way Sangha Inc generated $89.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $87.9k during the year ending 12/2023. While expenses have increased by 8.2% per year over the past 8 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
OPEN WAY SANGHA, INC HAS ESTABLISHED AND MAINTAINS A SPIRTIUAL COMMUNITY OFFERING OPPORTUNITIES FOR PRACTICE, STUDY, AND SPIRITUAL FRIENDSHIP TO INDIVIDUALS WISHING TO PRACTICE MEDITATION AND THE BUDDHA DHARMA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peggy Mallette Executive Di | 5 | $0 | |
Corrie Grallo Executive Di | 5 | $0 | |
Michael Pipp Treasurer | 5 | $0 | |
Steve Allison-Bunnell Secretary | 1.5 | $0 | |
Sandi Simons Retreat Dir | 2.5 | $0 | |
Kirsten Hands Membership D | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,201 |
| Total Program Service Revenue | $82,487 |
| Membership dues | $0 |
| Investment income | $25 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $89,713 |
| 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 | $998 |
| Occupancy, rent, utilities, and maintenance | $8,196 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $77,689 |
| Total expenses | $87,933 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $75,273 |
| Other assets | $0 |
| Total assets | $205,273 |
| Total liabilities | $51,373 |
| Net assets or fund balances | $153,900 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Intermountain Vipassana Association Inc Lava Hot Springs, ID | $2,490,493 | $138,141 |
Open Way Sangha Inc Missoula, MT | $205,273 | $0 |
Bozeman Dharma Center Bozeman, MT | $105,670 | $0 |
Vietnamese Buddhist Community Of Idaho-Linh Thuu Thien Tu Inc Boise, ID | $0 | $0 |
Chua Ky Vien The Wonderful Garden Buddhist Meditation Center Corp Sioux Falls, SD | $9,583 | $0 |