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Dharma Ocean Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 202417344 ✦ Boulder, CO ✦ Designated as a 501(c)(3)

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Overview

What is Dharma Ocean Foundation?

The Dharma Ocean Foundation, located in Boulder, Colorado, is a nonprofit organization dedicated to sharing the teachings of the "Practicing Lineage," as introduced by Chogyam Trungpa Rinpoche and Reginald A. Ray. This lineage emphasizes meditation practices, somatic meditation, and direct experiences to help individuals realize their potential. The foundation conducts educational programs, hosting events both at its retreat center and online, to offer ongoing opportunities for teaching and practice. With a team of 19 dedicated individuals, Dharma Ocean Foundation strives to make these teachings accessible in our contemporary world by making necessary adjustments and adaptations.


Official website here: www.dharmaocean.org

Is Dharma Ocean Foundation legitimate?

Dharma Ocean Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dharma Ocean Foundation 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: $18,511
Professional Fundraising Fees: $0
Other Salaries and Wages: $81,997

For more financial information, click here


Official website here: www.dharmaocean.org

What is the mission statement of Dharma Ocean Foundation?

The Dharma Ocean Foundation's mission is centered around the study and practice of the "Practicing Lineage" teachings. Their primary objective is to transmit these teachings to others, providing a step-by-step path towards realizing this lineage. Recognizing the need for adaptation in the current world, they make necessary adjustments, such as emphasizing embodiment and direct experience, to ensure the lineage remains accessible and relevant.


Official website here: www.dharmaocean.org

What is the revenue of Dharma Ocean Foundation?

Dharma Ocean Foundation's revenue in 2024 was $391,743.


Official website here: www.dharmaocean.org

Who are the executives of Dharma Ocean Foundation and what are their salaries?

The average compensation at Dharma Ocean Foundation during 2024 was $12,564. There are 8 employees and 7 volunteers at Dharma Ocean Foundation.

Here are 4 key members and their salaries:


Paul Adams (Executive Di)
  • Compensation: $18,510
  • Related: $0
  • Other: $534
Caroline Pfohl (Spiritual Di)
  • Compensation: $0
  • Related: $0
  • Other: $0
George Harris (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jake La Botz (Board Presid)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.dharmaocean.org

Where can I find the form 990 for Dharma Ocean Foundation?

Dharma Ocean Foundation's most recent form 990 was submitted in 2024 and can be accessed here.


Official website here: www.dharmaocean.org

Learn more at the official website: www.dharmaocean.org

Mission Statement of Dharma Ocean Foundation

The Dharma Ocean Foundation is dedicated to studying and practicing the teachings of the "Practicing Lineage." Their primary mission is to transmit these teachings to others, providing a step-by-step path towards realizing the Practicing Lineage. Recognizing the need for adaptation in our current world, the foundation emphasizes embodiment and direct experience to make these teachings truly accessible. In essence, Dharma Ocean Foundation aims to delve into the wisdom of the Practicing Lineage, share it with others, and adapt it as necessary to ensure its relevance and accessibility in the contemporary context.

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Impact




October, 2024

Dharma Ocean Foundation significantly impacts individuals and communities by providing comprehensive education in meditation practices and Dharma teachings rooted in the "Practicing Lineage" established by Chögyam Trungpa Rinpoche and further developed by Reginald A. Ray. Through a diverse array of educational programs and retreats, both in-person and online, it fosters a deep understanding of these teachings, emphasizing embodiment and direct experience.

The foundation actively cultivates a supportive environment for individuals to learn and practice, making these profound teachings accessible in today’s world. Participants engage in somatic meditation, which integrates body awareness into spiritual practice, enhancing their connection to self and others. This holistic approach encourages personal transformation and mindfulness, helping individuals navigate life with greater awareness and compassion.

By hosting various events and programs, Dharma Ocean Foundation not only preserves and transmits these ancient teachings but also adapts them to modern contexts, ensuring relevance and accessibility. The foundation’s commitment to this mission enriches the spiritual landscape, fostering well-being and personal development within a diverse community of practitioners.




This information is meant to be a general summary of Dharma Ocean Foundation. 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.

Revenue
$391,743 (2024)
Expenses
$518,349 (2024)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2024.

  • Investment Income: -$328,614
  • Program Service Revenue: $87,813
  • Gross Receipts: $391,743

Assets and Liabilities:

  • Total Assets: $3,715,047
  • Total Liabilities: $177,903
  • Net Assets: $3,537,144

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

TUITION AND REVENUE SHARE

Revenue

$87,813

Organization Details

Founding Year

2005

Principal Officer

Caroline Pfohl

NTEE Category

Code: X50 - Religion related

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