Overview
What is Friends Of Cloud Mountain?
Friends of Cloud Mountain is a nonprofit organization located at 373 Agren Road, Castle Rock, WA 98611. Its primary activity involves conducting teacher-guided group retreats centered around Buddhist teachings and practices, lasting from 3 to 13 days. The organization hosts a variety of events, including supported self-retreats for small groups, and features renowned Buddhist teachers. Lectures, meditation, and related activities are scheduled throughout the day, allowing little free time for participants who are often expected to continue meditation on their own. The retreats are primarily staffed by Friends of Cloud Mountain employees and participants themselves, contributing to lower fees. The cost of each retreat varies based on length and related expenses, with work-exchange participants paying reduced fees. Additionally, need-based scholarship funds, including a special fund for young adults and people of color, are available to assist low-income individuals in attending retreats. The organization employs a total of 14 individuals.
Official website here: www.cloudmountain.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 74%, earning it a Two-Star out of Four Star rating.
Friends Of Cloud Mountain has managed to achieve a moderate rating, indicating that while it demonstrates some transparency and accountability, there are significant areas for improvement. The organization boasts a solid program expense ratio of 80.56%, suggesting that a substantial portion of its funds is directed towards its charitable activities. Furthermore, it effectively maintains conflict of interest and whistleblower policies, contributing positively to its governance structure.
However, the organization faces notable challenges, particularly in its financial reporting, as it received no points for financial statements. This lack of transparency can raise concerns among potential donors. Additionally, although the majority of board members are independent, the overall size of the independent board is quite small, which may impact its governance efficacy. Overall, while Friends Of Cloud Mountain shows strengths in specific areas, its financial transparency remains a critical limitation.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of Cloud Mountain legitimate?
Friends Of Cloud Mountain is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of Cloud Mountain 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: $97,470
Professional Fundraising Fees: $0
Other Salaries and Wages: $139,445
For more financial information, click here
Official website here: www.cloudmountain.org
What is the mission statement of Friends Of Cloud Mountain?
Friends of Cloud Mountain focuses on conducting retreats centered around Buddhist teachings or practices. Their mission is to provide these retreats, featuring well-known Buddhist teachers, to individuals seeking spiritual growth. The retreats involve scheduled lectures, meditation, and related activities, with participants expected to continue meditation during unscheduled times. The organization relies on the help of its employees and participants to keep retreat fees affordable. Scholarship funds are available for low-income individuals and young adults, supported by donations from the community.
Official website here: www.cloudmountain.org
Who is the CEO of Friends Of Cloud Mountain?
David Branscomb is the President of Friends Of Cloud Mountain.
Official website here: www.cloudmountain.org
What is the revenue of Friends Of Cloud Mountain?
Friends Of Cloud Mountain's revenue in 2022 was $768,028.
Official website here: www.cloudmountain.org
Who are the executives of Friends Of Cloud Mountain and what are their salaries?
The average compensation at Friends Of Cloud Mountain during 2022 was $16,922. There are 14 employees at Friends Of Cloud Mountain.
Here are 3 key members and their salaries:
- Compensation: $67,600
- Related: $0
- Other: $0
- Compensation: $29,871
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.cloudmountain.org
Where can I find the form 990 for Friends Of Cloud Mountain?
Friends Of Cloud Mountain's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cloudmountain.org
Learn more at the official website: www.cloudmountain.org
Mission Statement of Friends Of Cloud Mountain
Friends of Cloud Mountain, a nonprofit organization, is dedicated to providing retreats centered around Buddhist teachings and practices. Their mission is to organize and facilitate these retreats, which range from three to thirteen days in length, featuring renowned Buddhist teachers. The retreats incorporate lectures, meditation, and related activities, with participants expected to continue their meditation during unscheduled times. The organization is run primarily by its employees and volunteers, which helps in keeping the retreat fees affordable. Scholarship funds, partially funded by community donations, are available to assist low-income individuals and young adults aged 18-35 in attending these retreats. Furthermore, a special scholarship for individuals of color has been established through community contributions.
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Impact
July, 2024
Friends Of Cloud Mountain's impact is evident through its commitment to providing a space for individuals to immerse themselves in Buddhist teachings and practices through teacher-guided group retreats. These retreats, ranging from 3 to 13 days in length, offer participants the opportunity to engage in lectures, meditation, and related activities, with a focus on deepening their understanding and practice of Buddhism. The organization's emphasis on community support is seen through work-exchange opportunities, reduced fees for work-exchange participants, and scholarship funds designed to make retreats accessible to individuals with financial need, including young adults and people of color. By offering a supportive environment for individuals to explore and deepen their spiritual practice, Friends Of Cloud Mountain plays a vital role in promoting personal growth and the study of Buddhism.
This information is meant to be a general summary of Friends Of Cloud Mountain. 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: $777
- Program Service Revenue: $438,370
- Gross Receipts: $772,492
Assets and Liabilities:
- Total Assets: $2,324,844
- Total Liabilities: $280,939
- Net Assets: $2,043,905
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Retreats - See Schedule O
Revenue
$438,370
Organization Details
Founding Year
1998
Phone
(360) 274-4859Principal Officer
David Branscomb
Main Address
373 Agren Road, Castle Rock, WA, 98611
Website
www.cloudmountain.orgNTEE Category
Code: X50 - Religion related
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