Overview
What is Wisdom Publications Inc?
Wisdom Publications Inc, situated at 199 Elm Street, Somerville, Massachusetts 02144, is a nonprofit organization dedicated to enriching public knowledge about Buddhist religion, philosophy, and practice. They achieve this goal by publishing books and various forms of media. With a team of 17 individuals, Wisdom Publications Inc aims to educate and foster a deeper understanding of Buddhist teachings, contributing to the intellectual growth and spiritual enlightenment of the global community.
Official website here: www.wisdompubs.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 61%)
Wisdom Publications Inc has received a two-star rating from Charity Navigator, indicating significant areas for improvement in its accountability and financial practices. While the organization has a solid program expense ratio of 83.68%, indicating that a substantial amount of its funds goes directly to programs, it lacks in several governance areas, such as having no independent board members and insufficient financial transparency measures.
The organization has an independent board size of seven members, which is a positive aspect. However, it has not implemented critical policies, including conflict of interest and whistleblower policies, which raises concerns about its governance structure. Additionally, their financial statements lack a review or compilation, which is essential for ensuring accountability.
While the organization seems to allocate a high percentage of its budget towards program expenses, the absence of proper governance practices could undermine public trust. Addressing these identified weaknesses will be crucial for Wisdom Publications Inc to enhance its operational integrity and overall effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Wisdom Publications Inc legitimate?
Wisdom Publications Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wisdom Publications Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $217,812
Professional Fundraising Fees: $0
Other Salaries and Wages: $715,440
For more financial information, click here
Official website here: www.wisdompubs.org
What is the mission statement of Wisdom Publications Inc?
Wisdom Publications Inc, as an organization, is dedicated to furthering the public's understanding of Buddhist religion, philosophy, and practice. They achieve this goal by publishing various forms of media, including books. Their mission is to educate the public in these areas, aiming to promote a deeper appreciation and knowledge of Buddhism. By doing so, Wisdom Publications Inc contributes to the broader cultural context, fostering a more informed and inclusive society.
Official website here: www.wisdompubs.org
Who is the CEO of Wisdom Publications Inc?
Daniel Aitken is the President/Publisher of Wisdom Publications Inc.
Official website here: www.wisdompubs.org
What is the revenue of Wisdom Publications Inc?
Wisdom Publications Inc's revenue in 2022 was $1,965,035.
Official website here: www.wisdompubs.org
Who are the executives of Wisdom Publications Inc and what are their salaries?
The average compensation at Wisdom Publications Inc during 2022 was $54,897. There are 17 employees at Wisdom Publications Inc.
Here are 6 key members and their salaries:
- Compensation: $45,880
- Related: $0
- Other: $3,526
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $156,587
- Related: $0
- Other: $11,819
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.wisdompubs.org
Where can I find the form 990 for Wisdom Publications Inc?
Wisdom Publications Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wisdompubs.org
Learn more at the official website: www.wisdompubs.org
Mission Statement of Wisdom Publications Inc
Wisdom Publications Inc, a renowned organization, is dedicated to enriching public knowledge about Buddhist religion, philosophy, and practice. They achieve this mission by publishing books and other media. The aim is to serve as an educational resource, fostering a deeper understanding and appreciation of Buddhist teachings. By disseminating these materials, Wisdom Publications Inc contributes to the broader societal discourse on spirituality and personal growth. The organization's publications span various topics, from religious texts and philosophical treatises to practical guides for meditation and mindfulness. By making these resources widely available, Wisdom Publications Inc plays a crucial role in promoting Buddhist wisdom and fostering spiritual growth among the general public.
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Impact
July, 2024
Wisdom Publications Inc's impact lies in its commitment to disseminating knowledge and insights related to Buddhist religion, philosophy, and practice. Through its publications and other media, Wisdom Publications serves to educate the public and deepen their understanding of Buddhism. This contribution enriches individuals' spiritual lives, promotes cross-cultural dialogue, and fosters a greater appreciation for Eastern wisdom traditions. As a result, Wisdom Publications plays a vital role in expanding access to valuable teachings and promoting personal growth and reflection.
This information is meant to be a general summary of Wisdom Publications Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $4,833
- Program Service Revenue: $856,808
- Gross Receipts: $3,437,596
Assets and Liabilities:
- Total Assets: $6,006,025
- Total Liabilities: $1,012,233
- Net Assets: $4,993,792
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ONLINE COURSES
Revenue
$536,153
SUBSCRIPTIONS
Revenue
$293,204
OTHER BOOK RELATED
Revenue
$26,070
COPY RIGHTS PERMISSIONS
Revenue
$1,381
Organization Details
Founding Year
1987
Phone
(617) 776-7416Principal Officer
Daniel Aitken
Main Address
199 ELM STREET, SOMERVILLE, MA, 02144
Website
www.wisdompubs.orgNTEE Category
Code: A33Z - Arts
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