New Dharma EIN 27-0438267 Form 990 (PDF) Claim this org

New Dharma FY2020 filing

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Inspires humanity with visions of a better future. For fiscal year 2020 it reported $1.3M in revenue, $585K in expenses, and $1.8M in net assets.Pt I

Type
Religious organization · Religion
Location
Washoe Valley, NV
Website
www.satshree.org
Filings
6 on file (2019–2020)
Revenue
$1.3MFY2020
Expenses
$585K
Net assets
$1.8M
People
10
Filings
6
Updates
0
More identity details & actions ⌄
EIN  27-0438267 Religious organization Washoe Valley, NV
Form 990 (PDF)
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Size
$1–10M
What they do
Inspires humanity with visions of a better future.
Leadership
Janice Barbour · Executive Director · $20K
Money in and out
$1.3M revenue, $585K expenses
Bottom line
45% program efficiency
Where the money goes · FY2020
Total revenue
$1.3M
Pt VIII · Ln 12
Total expenses
$585K
Pt IX · Ln 25
Net assets
$1.8M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $697K
Where spending went · Part IX cols B–D
Program services $0.54 Management & general $0.55 Fundraising $0.01
Program efficiency
45%
of spending reaches programs
Operating runway
24.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
+54%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$1.3M
FY2020▲ +69%
Expenses
$585K
FY2020▼ -15%
Total assets
$2.4M
FY2020▲ +32%
Total liabilities
$676K
FY2020▼ -3%
Total revenue
$1.3M
Pt VIII · Ln 12
Total expenses
$585K
Pt IX · Ln 25
Net assets
$1.8M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$697K
Total assetsPt X · Ln 16$2.4M
Program-expense ratioPt IX · col B54%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 44

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CNew Dharma
EINHdr · item D27-0438267
Principal addressHdr · item CWashoe Valley, NV
WebsiteHdr · item Jwww.satshree.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNV
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFReligion (X99)
Ruling yearIRS BMFDec 2009

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$19,800Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2021FY2020
Janice Barbour$21,733$19,800

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

4 program services account for $473K of program spending, described in the organization's own filed words · FY2020.
01

New Dharma conducts a year round residential program in Washoe Valley, NV, that is dedicated to assisting individuals in their spiritual progress and to supporting individuals to become spiritual teachers. The individuals who live at the Center have been invited by Sat Shree to participate in the residential program.

$149Kprogram expense
02

New Dharma conducts a year round residential program in Washoe Valley, NV, that is dedicated to assisting individuals in their spiritual progress and to supporting individuals to become spiritual teachers. The individuals who live at the Center have been invited by Sat Shree to participate in the residential program.

$144Kprogram expense
03

54 individuals participated in Tiru,India retreat, and 61 Rishikesh, India. Additionally, 723 individuals participated in 24 remote programs in Tiru and 485 individuals in participated in 12 remote programs in Rishikesh.

$95Kprogram expense
04

54 individuals participated in Tiru,India retreat, and 61 Rishikesh, India. Additionally, 723 individuals participated in 24 remote programs in Tiru and 485 individuals in participated in 12 remote programs in Rishikesh.

$86Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$889K · 69%
Program service revenue$391K · 31%
Contributions & grants69%$889K
Program service revenue31%$391K
Investment income$1K
Other revenue$1K
Total revenueLn 12$1.3M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.54 Management & general $0.55 Fundraising $0.01
Program services54%$314K
Management & general55%$320K
Fundraising1%$4K
Total functional expensesLn 25$585K

Balance Sheet

Part X · end of year
CashLn 1$1.2M
Total assetsLn 16$2.4M
Total liabilitiesLn 26$676K
Total net assetsLn 32$1.8M
Months of cash on handcomputed24.8

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.2M · Operating expenses/yr $585K
24.8 months
Where the money goes
Program services
Program services $263K · Total expenses $585K
45%
Management & General
Management & general $320K · Total expenses $585K
55%
Fundraising
Fundraising $2K · Total expenses $585K
0.4%
Cost to raise $1
Fundraising expense $2K · Solicited contributions $889K
$0.00 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $889K · Total revenue $1.3M
69%
Government reliance
Government grants — · Total revenue $1.3M
Earned-income share
Program service revenue $391K · Total revenue $1.3M
31%
Investment reliance
Investment income $1K · Total revenue $1.3M
+0.09%
Program self-sufficiency
Program service revenue $391K · Total expenses $585K
67%
Growth & trend
Revenue growth (YoY)
This year $1.3M · Prior year $760K
+69%
Net-asset trend (YoY)
End of year $1.8M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.3M · Expenses $585K
+54%
Liabilities-to-Assets
Total liabilities — · Total assets $2.4M
Net-asset ratio
Net assets $1.8M · Total assets $2.4M
72%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $2.4M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Janice Barbour · Reported title Executive Director · Highest reported compensation $20K · Total expenses $585K
3%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $155K · Total expenses $585K
27%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 54%
Overhead ratio 55%
Fundraising cost ratio 0.5%
Revenue growth 69%
Investment management fee ratio 0%
Legal fee ratio 2%
Accounting fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2021
Total grants receivedfrom 1 funder$50K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$224K revenue · ⤓ 990 PDF
FY2023$200K revenue · ⤓ 990 PDF
FY2022$404K revenue · ⤓ 990 PDF
FY2021$841K revenue · ⤓ 990 PDF
FY2020$1.3M revenue · viewing · ⤓ 990 PDF
FY2019$760K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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