Heartwood Refuge
- Assets
- $2.0m
- Revenue
- $309.8k
- Investments
- $0.0
- Employees
- 1
- Location
- Hendersonville, NC
- Founding
- 11/2019
- Data as of
- 12/2020
- EIN
- 82-0983637
Organization Overview
Heartwood Refuge is located in Hendersonville, NC. The organization was established in 2019. 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. Heartwood Refuge 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 12/2020, Heartwood Refuge generated $309.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (13.6%) each year. All expenses for the organization totaled $510.7k during the year ending 12/2020. 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
PROVIDE RELIGIOUS AND SPIRITUAL TRAINING TO INDIVIDUAL & PROVIDEDRELIEF TO THE NEEDY
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONDUCTED TRAIANING RETREATS IN VARIOUS CITIES; ALSO TRAIANED AND GRADUATED RELIGIOUS LEADERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ven Pannavati President | Officer | 60 | $0 |
Ven Pannadipa Vice President | Officer | 10 | $0 |
Maureen Hall Board Member | Trustee | 0.5 | $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 | $156,349 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $156,349 |
| Total Program Service Revenue | $153,475 |
| 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 | $309,824 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $33,330 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,379 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,975 |
| Office expenses | $2,596 |
| Information technology | $21,425 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $90,677 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $510,659 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,798 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $60,420 |
| 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 | $1,914,968 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,013,186 |
| Accounts payable and accrued expenses | $11,035 |
| 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 | $1,666,565 |
| Unsecured mortgages and notes payable | $140,000 |
| Other liabilities | $0 |
| Total liabilities | $1,817,600 |
| Net assets without donor restrictions | $195,586 |
| 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 | $2,013,186 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Heartwood Refuge has recieved totaling $37,790.
| Awarding Organization | Amount |
|---|---|
North Carolina Healthcare Foundation Inc Cary, NC PURPOSE: SUPPORTING UNDERSERVED POPULATIONS DISPROPORTIONATELY AFFECTED BY COVID-19. | $27,790 |
The Community Foundation Of Western North Carolina Inc Asheville, NC PURPOSE: ASSISTING PEOPLE IN NEED | $10,000 |
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 |