POINTING OUT THE GREAT WAY FOUNDATION

EIN: 460544333 501(c)(3) Religion

NEWTON, MA

Total Revenue
$244,490
Total Expenses
$235,413
Total Assets
$400,415
Net Assets
$400,415
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
DE
Principal Officer
RICHARD COLMAN
Phone
6179705405
Tax Period
2023-01-01 to 2023-12-31

POINTING OUT THE GREAT WAY FOUNDATION, founded in 2012, is a small nonprofit in the Religion sector that reported $244K in total revenue in fiscal year 2023. Expenses of $235K left a modest 4% surplus.

Mission

POINTING OUT THE GREAT WAY FOUNDATION(POGWF) BRINGS INDO-TIBETAN MEDITATION AND TEACHINGS TO WESTERN STUDENTS AND NURTURES AND SUPPORTS THE COMMUNITY OF PRACTITIONERS. IN TUM, POGWF PROVIDES SUPPORT BACK TO THE INDIGENOUS COMMUNITIES AND LINEAGE TEACHERS TO HELP THEM TO PRESERVE THEIR CULTURE AND TRADITIONS.HISTORICALLY, POGWF GENERALLY HAS NOT PROVIDED PROGRAMMING TO ACHIEVE ITS MISSION. THE MAJORITY OF OUR OBJECTIVES INVOLVE DIRECTING DONOR FUNDS TO OTHER ORGANIZTIONS, BOTH IN THE US AND ABROAD, WHO IMPLEMENT THE STATED PROJECTS. OUR TRANSLATION PROJECTS ARE A NOTABLE EXCEPTION.POGWF IS AN ALL-VOLUNTEER ORGANIZATION.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $244,490
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $244,490

Expense Breakdown

Grants Paid $49,800
Salaries & Benefits $0
Fundraising Expenses $283
Program Expenses $233,586
Other Expenses $185,613
TOTAL EXPENSES $235,413

Year-over-Year Comparison

2023 2022 Change
Revenue $244,490 $226,592 +0.1%
Expenses $235,413 $1,305,199 -0.8%
Net Income $9,077 $-1,078,607 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
4
Independent Members
N/A
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TORBEN PEDERSEN DIRECTOR 0.00
Director
$0 $0 $0
DEBORAH KIRKMAN DIRECTOR/SECRETARY 0.00
Director
$0 $0 $0
PAULA SACKS TREASURER 0.00
Officer
$0 $0 $0
DIANNE DES ROCHES PRESIDENT & CEO 0.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $244,490 $235,413 $400,415 $9,077
2022 $226,592 $1,305,199 $391,338 $-1,078,607
2021 $273,367 $294,374 $1,469,945 $-21,007
2020 $351,187 $611,684 $1,640,952 $-260,497
2019 $754,640 $105,649 $1,900,215 $648,991
2018 $417,647 $104,557 $1,251,224 $313,090
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