Forest Way Insight Meditation Center Inc, Forest Way in Ruckersville, Virginia (VA)
Table of contents:
| Forest Way Insight Meditation Center Inc, Forest Way | |
| Employer Identification Number (EIN) | 521838847 |
| Name of Organization | Forest Way Insight Meditation Center Inc |
| Secondary Name | Forest Way |
| Address | PO BOX 491, Ruckersville, VA 22968-0491 |
| Activities | Other instruction and training |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 08/1994 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2014 |
| Assets | $10,000 to $24,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $13,637 |
| Amount of Income | $41,481 |
| Form 990 Revenue Amount | $41,481 |
| National Taxonomy of Exempt Entities (NTEE) | Religion-Related, Spiritual Development: Buddhist |
Non-representatives - add comments:
Amount of income in 2014: $41,481 (it was $60,874 in 2013)
| This organization: | $41,481 |
| Other organizations performing similar types of work: | $98,614 |
Assets in 2014: $13,637 (it was $24,396 in 2013)
| Forest Way Insight Meditation Center Inc, Forest Way: | $13,637 |
| Other organizations performing similar types of work: | $378,280 |
Expenses in 2013: $64,969
| This organization: | $64,969 |
| Other organizations performing similar types of work: | $72,402 |
Income to expenses ratio in 2013: 0.6
| Forest Way Insight Meditation Center Inc, Forest Way: | 0.6 |
| Other organizations performing similar types of work: | 1.2 |
Grants share in income in 2013: 4.8%
| This organization: | 4.8% |
| Other organizations performing similar types of work: | 79.6% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $52,743 | $81,722 | $60,874 |
| Contributions, gifts, grants, and similar amounts received | $3,140 | $4,880 | $2,908 |
| Program service revenue including government fees and contracts | $49,555 | $76,842 | $57,966 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $48 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $65,803 | $72,794 | $64,969 |
| Total net assets | $18,671 | $27,599 | $23,504 |
| Excess/Deficit for the year | $-13,060 | $8,928 | $-4,095 |
| Net assets or fund balances at beginning of year | $31,731 | $18,671 | $27,599 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $27,599 | $23,504 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $18,671 | $28,491 | $24,396 |
| Total liabilities | $0 | $892 | $892 |
| Net assets or fund balances | $18,671 | $27,599 | $23,504 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $438,079 |
| Subtotal | $438,079 |
| Gifts, grants, contributions, and membership fees received | $84,817 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $353,262 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| Less | $0 |
| Amounts received from disqualified persons | $0 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $438,868 |
| Public support | $438,079 |
| Subtotal | $789 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $789 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Vietnamese Buddhist Center Inc, Chua Viet Nam | 10002 Synott Rd, Sugar Land, TX 77498-1100 | TX | 1995-01 | $763,995 |
| 2 | Xuan Wu San Buddhist Association | 1305 N Broadway, Los Angeles, CA 90012-1408 | CA | 1988-02 | $472,565 |
| 3 | Wat Dhammararam Buddhist Association Inc, Temple Buddhist Religion | 3732 Carpenter Rd, Stockton, CA 95215-8107 | CA | 1995-11 | $385,512 |
| 4 | Buddhist Association Of America | 9111 Backlick Rd, Fort Belvoir, VA 22060-1303 | VA | 1987-03 | $371,847 |
| 5 | Southern Dharma Retreat Center Inc | 1661 West Rd, Hot Springs, NC 28743-7125 | NC | 1993-02 | $318,027 |
| 6 | Dao Trang Phap Hoa | 147 N King Rd, San Jose, CA 95116-1245 | CA | 1997-11 | $309,103 |
| 7 | Vietnamese And American Buddhist Association Corp | 5249 E 30th St, Indianapolis, IN 46218-3217 | IN | 1995-06 | $295,474 |
| 8 | Society Of Shaolin Temple Inc | 133-40 37 Ave, Flushing, NY 11354-4495 | NY | 1997-05 | $198,050 |
| 9 | Southeast Buddhist Association Kim Cang Monastary Incorporated, Southeast Buddhist Education | 4771 Browns Mill Rd, Lithonia, GA 30038-2604 | GA | 1995-06 | $163,107 |
| 10 | Fa Yun Aranya | 10009 Sedgewick Ave, Plano, TX 75025-6599 | TX | 1996-08 | $153,960 |
| 11 | Zaltho Foundation Inc | 66 Leonard Street, Belmont, MA 02478-2512 | MA | 1998-05 | $153,662 |
| 12 | World Buddhism Association | 701 Arizona St, South Houston, TX 77587-4905 | TX | 1976-07 | $146,481 |
| 13 | Vietnamese Buddhist Community Of Mass Pho Hien Buddist Meditation | 96 Dewey St, Worcester, MA 01610-1020 | MA | 1995-08 | $122,099 |
| 14 | Vietnamese Buddhist Community Of Idaho-Linh Thuu Thien Tu Inc, Linh Thuu Thien Tu | 2312 W Overland Rd, Boise, ID 83705-3152 | ID | 1995-06 | $114,397 |
| 15 | Wat Lao Buddhamixay | 360 N 14th St, Las Vegas, NV 89101-4184 | NV | 1996-10 | $107,795 |
| 16 | Forest Way Insight Meditation Center Inc, Forest Way | PO BOX 491, Ruckersville, VA 22968-0491 | VA | 1994-08 | $41,481 |
| 17 | Phap Hoa Buddhist Association Inc | 5604 Bouffant Blvd, Alexandria, VA 22311-3707 | VA | 1997-08 | $29,390 |
| 18 | Goddess Of Heaven Temple Inc | 3309 Magnolia Ave, Falls Church, VA 22041-2521 | VA | 1998-03 | $0 |
| 19 | Gotama Buddhist Meditation Center Incorporated | 10102 Laurel Lakes Dr, Glen Allen, VA 23060-3735 | VA | 1997-12 | $0 |
| 20 | Han-Ma-Um Seon Center Of Washington Dc | 7807 Trammell Rd, Annandale, VA 22003-1537 | VA | 1995-06 | $0 |
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