Intermountain Vipassana Association Inc
- Assets
- $1.7m
- Revenue
- $181.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Lava Hot Springs, ID
- Founding
- 07/2017
- Data as of
- 06/2020
- EIN
- 81-4860109
Organization Overview
Intermountain Vipassana Association Inc is located in Lava Hot Springs, ID. The organization was established in 2017. 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. Intermountain Vipassana Association 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 06/2020, Intermountain Vipassana Association Inc generated $181.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (23.9%) each year. All expenses for the organization totaled $165.8k during the year ending 06/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
INTERNATIONAL CENTER WHERE THE TECHNIQUE OF VISPASSANA MEDITATION IS TAUGHT AND PRACTICED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAIN PURPOSE IS TO HOLD MEDITATION COURSES FOR THE PUBLIC. THERE WERE A TOTAL OF 7 TEN DAY COURSES, 1 SATIPATTHANA COURSE FOR MORE ADVANCED STUDENTS, 2 THREE DAY COURSES AND 2 ONE DAY COURSES.AS FOR NEW BUILDINGS AND DEVELOPMENT, THE SECOND STUDENT RESIDENCE WAS COMPLETED, TEMPORARY DINING HALLS WERE ADDED AT THE RANCH HOUSE, CONSTRUCTION STARTED ON TWO STUDENT INTERVIEW ROOMS, A LARGE DOOR AT THE MEDITATION HALL WAS BUILT AND INSULATED AND THE TEACHER ROOM IN RANCH HOUSE WAS REMODELED. BATHROOM TRAILER WAS BUILT (3 TOILET STALLS, SHOWER AND A SINK). BACKHOE WAS PURCHASED AND EXCAVATION OF THE FIRE SUPPRESSION SYSTEM WAS STARTED AT THE END OF THAT TIME PERIOD AND CONTINUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amos Prudhon Secretary | Officer | 30 | $0 |
Lisa Kuhn President | Officer | 30 | $0 |
Jan Koubek Treasurer | Officer | 30 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $181,845 |
| Investment income | $0 |
| 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 | $181,845 |
| Statement of Expenses | |
|---|---|
| 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 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 | $0 |
| Fees for services: Legal | $439 |
| Fees for services: Accounting | $1,413 |
| 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 | $3,125 |
| Information technology | $818 |
| Royalties | $0 |
| Occupancy | $51,986 |
| Travel | $2,523 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $25,350 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $47,251 |
| Insurance | $4,093 |
| All other expenses | $0 |
| Total functional expenses | $165,800 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $110,840 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,668,454 |
| 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 | $1,110,221 |
| Total liabilities | $1,110,221 |
| 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 |
| Total liabilities and net assets/fund balances | $558,233 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Intermountain Vipassana Association Inc has recieved totaling $352,278.
| Awarding Organization | Amount |
|---|---|
Behappy Living Inc Dana Point, CA PURPOSE: MEDITATION EDUCATION | $218,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $100,000 |
Vipassana Community Foundation Onalaska, WA PURPOSE: General operating support | $16,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $9,367 |
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $8,779 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $132 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sheng-Yen Lu Foundation Redmond, WA | $13,329,663 | $1,856,075 |
Seattle Meditation Center Mountlake Terrance, WA | $2,480,569 | $886,146 |
Friends Of Cloud Mountain Castle Rock, WA | $2,182,059 | $720,638 |
Center For The Practice Of Zen Buddhist Meditation Sequim, WA | $1,632,156 | $459,776 |
Big Mind Inc Salt Lake City, UT | $129,616 | $0 |
Chaiya Meditation Monastery Las Vegas, NV | $6,795,205 | $652,227 |
Oregon Meditation Center Portland, OR | $1,627,146 | $324,907 |
Pariyatti Onalaska, WA | $667,319 | $352,710 |
Vietnamese Buddhist Meditation Congregation Renton, WA | $396,049 | $0 |
Northwest Zen Sangha Portland, OR | $5,044,797 | $760,154 |
Khmer Buddhist Society Seattle, WA | $563,332 | $691,313 |
Intermountain Vipassana Association Inc Lava Hot Springs, ID | $1,668,454 | $181,845 |