American Wisdom Association in Billerica, Massachusetts (MA)
Table of contents:
American Wisdom Association | |
Employer Identification Number (EIN) | 262958941 |
Name of Organization | American Wisdom Association |
Address | 7 Marshall St, Billerica, MA 01821-4006 |
Subsection | Religious Organization |
Ruling Date | 05/2009 |
Deductibility | Contributions are deductible |
Foundation | Church |
Organization | Corporation |
Exempt Organization Status | Unconditional Exemption |
Tax Period | 12/2013 |
Assets | $25,000 to $99,999 |
Income | $25,000 to $99,999 |
Filing Requirement | 990 - Not required to file (church) |
Asset Amount | $79,983 |
Amount of Income | $87,660 |
Form 990 Revenue Amount | $87,660 |
National Taxonomy of Exempt Entities (NTEE) | Religion-Related, Spiritual Development: Buddhist |
Non-representatives - add comments:
Amount of income in 2013: $87,660 (it was $56,300 in 2012)
This organization: | $87,660 |
Other organizations performing similar types of work: | $68,913 |
Assets in 2013: $79,983 (it was $39,200 in 2012)
This organization: | $79,983 |
Other organizations performing similar types of work: | $112,218 |
Expenses in 2013: $46,877
American Wisdom Association: | $46,877 |
Other organizations performing similar types of work: | $50,512 |
Income to expenses ratio in 2013: 1.9
American Wisdom Association: | 1.9 |
Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2013: 88.3%
This organization: | 88.3% |
Other organizations performing similar types of work: | 100.0% |
Revenue for 2013
Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||
2012 | 2013 | |
---|---|---|
Total revenue | $56,300 | $87,660 |
Contributions, gifts, grants, and similar amounts received | $56,300 | $77,419 |
Program service revenue including government fees and contracts | $0 | $0 |
Membership dues and assessments | $0 | $0 |
Investment income | $0 | $0 |
Gain/Loss from sale of assets other than inventory | $0 | $0 |
Net income/loss from gaming and fundraising events | $0 | $0 |
Gross profit/loss from sales of inventory | $0 | $0 |
Other revenue | $0 | $10,241 |
Total expenses | $17,100 | $46,877 |
Total net assets | $39,200 | $79,983 |
Excess/Deficit for the year | $39,200 | $40,783 |
Net assets or fund balances at beginning of year | $0 | $39,200 |
Other changes in net assets or fund balances | $0 | $0 |
Net assets or fund balances at end of year | $39,200 | $79,983 |
Balance Sheets | ||
2012 | 2013 | |
---|---|---|
Total assets | $39,200 | $79,983 |
Total liabilities | $0 | $0 |
Net assets or fund balances | $39,200 | $79,983 |
Other Information | ||
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 |
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 |
Gross receipts for public use of club facilities | $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: | A church, convention of churches, or association of churches described in section 170(b)(1)(A)(i) |
Number of organizations supported | 0 |
Sum of amounts of support | $0 |
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Organizations performing similar types of work | |||||
Id | Name | Address | State | Established | Total Income |
---|---|---|---|---|---|
1 | Tibetan Buddhist Resources Center | 1430 Massachusetts Ave, Cambridge, MA 02138-3831 | MA | 2000-05 | $748,329 |
2 | Samanta Bhadra Buddhist Center Inc | 155 Quincy Ave, Braintree, MA 02184-3701 | MA | 2009-04 | $740,293 |
3 | Pointing Out The Great Way Foundation | 18 Audubon Ln, Carlisle, MA 01741-1500 | MA | 2012-08 | $135,646 |
4 | American Wisdom Association | 7 Marshall St, Billerica, MA 01821-4006 | MA | 2009-05 | $87,660 |
5 | Rime Shedrub Ling Tibetan Buddhist Center | 81 Gulf Rd, Belchertown, MA 01007-9729 | MA | 2002-10 | $73,907 |
6 | Drikung Meditation Center Inc, Jokhang Institute | 15 Bartlett Avenue, Arlington, MA 02476 | MA | 2000-05 | $51,942 |
7 | Tuong Van Buddhist Temple Inc | 47 Wilbur St, Lowell, MA 01851-2707 | MA | 2012-11 | $46,329 |
8 | New England Buddhist Vihara &meditation Center | 162 Old Upton Rd, Grafton, MA 01519-1308 | MA | 2010-02 | $39,794 |
9 | Pashupatinath Buddha Foundation Of New England | 16 Saunders Rd, Norwood, MA 02062-3214 | MA | 2014-07 | $33,459 |
10 | Bodhicitta Center For The Encouragement Of Compassion In The | 397 Copeland St, Brockton, MA 02301-7056 | MA | 2001-09 | $0 |
11 | Boston Buddha Vararam Temple, Wat Boston Buddha Vararam | 125 North Rd, Bedford, MA 01730-1063 | MA | 2001-03 | $0 |
12 | Boundless Way Zen | 1030 Pleasant St, Worcester, MA 01602-1334 | MA | 2010-11 | $0 |
13 | Community And Personal Awareness Support Systems Inc, Dedicated Life Institute | 51 Westchester Rd, Newton, MA 02458 | MA | 2014-07 | $0 |
14 | Dhammakaya Meditation Center Boston | 65 Roberts St, Quincy, MA 02169-6466 | MA | 2011-02 | $0 |
15 | Dharmalaya Inc | 2353 Mass Ave Apt 66, Cambridge, MA 02140-1245 | MA | 2014-03 | $0 |
16 | Dharmanectar Org Inc | 467 Columbus Avenue, Boston, MA 02116 | MA | 2014-09 | $0 |
17 | Gin Te Buddhist Center Inc | 34 Fordham Rd 3rd Flr, Allston, MA 02134-3006 | MA | 2002-03 | $0 |
18 | Green River Zen Center | 29 E Taylor Hill Rd, Montague, MA 01351-9508 | MA | 2013-09 | $0 |
19 | Houn-An Dharma Cloud Hermitage Inc, Dba Charles River Zen | 210 Belmont St Apt 8, Watertown, MA 02472-3557 | MA | 2003-02 | $0 |
20 | Hue Lam Meditation Temple | 2 Vernon St, Fitchburg, MA 01420-3723 | MA | 2006-06 | $0 |
Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total | 2,050 |
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