Southern Dharma Retreat Center

EIN: 561695711 501(c)(3) Religion

Hot Springs, NC

Total Revenue
$834,494
Total Expenses
$747,911
Total Assets
$1,768,029
Net Assets
$1,656,770
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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
NC
Principal Officer
Diane LoFaro
Phone
8286227112
Tax Period
2024-01-01 to 2024-12-31

Southern Dharma Retreat Center, founded in 1989, is a small nonprofit in the Religion sector that reported $834K in total revenue in fiscal year 2024. Expenses of $748K left a modest 10% surplus.

Mission

The mission of Southern Dharma Retreat Center (SDRC) is to provide mediation retreats, provide dharma instruction, and support communites grounded in Buddhist practice traditions.

Program Service Accomplishments

Program 1
Expenses: $646,352 Revenue: $328,848

Southern Dharma Retreat Center is a place of refuge offering education, meditation, contemplation and silence in a remote retreat setting, facilitated by teachers of varying traditions. During the...

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Southern Dharma Retreat Center is a place of refuge offering education, meditation, contemplation and silence in a remote retreat setting, facilitated by teachers of varying traditions. During the 2024 calendar year, Southern Dharma Retreat Center hosted a total of 18 retreats ranging for 3-10 nights in length for a total of 87 retreat nights. Retreats were offered by 19 teachers and attended by 407 participants with subject offerings and teachers representing a variety of Buddhist traditions. SDRC awarded partial or full scholarships and fellowships to 61 retreat attendees, or approximately 15% of attendees. In addition to permanent staff, retreat operations were supported by 18 retreat volunteers for a total of 1,000 volunteer hours. Southern Dharma Retreat Center hosted far fewer retreats in 2024 due to the devastation caused by Hurricane Helene, which passed through Western North Carolina on September 26, 2024. In the aftermath of the hurricane, Southern Dharma was forced to cancel 7 retreats totaling 30 retreat nights and involving 128 registered participants.

Program 2

For over forty years, Southern Dharma Retreat Center has been offering meditation retreats and Dharma teachings in a variety of Buddhist traditions. However, in the aftermath of Hurricane Helene...

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For over forty years, Southern Dharma Retreat Center has been offering meditation retreats and Dharma teachings in a variety of Buddhist traditions. However, in the aftermath of Hurricane Helene, which passed through Western North Carolina on September 26, 2024, the staff and leadership of Southern Dharma Retreat Center redirected their efforts to raise funds and provide direct support to people and communities that were impacted by the storm. Friends of Southern Dharma contributed over $180,000 to support Southern Dharmas hurricane relief efforts. Southern Dharma used these funds to create small-scale distribution centers to purchase and distribute food, water and other supplies to local communities and to provide direct financial support to local charities and mutual aid organizations.

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $487,423
Program Service Revenue $328,848
Investment Income $13,889
Other Revenue $4,334
TOTAL REVENUE $834,494

Expense Breakdown

Grants Paid $145,087
Salaries & Benefits $247,038
Fundraising Expenses $16,020
Program Expenses $646,352
Other Expenses $355,786
TOTAL EXPENSES $747,911

Year-over-Year Comparison

2024 2023 Change
Revenue $834,494 $788,504 +0.1%
Expenses $747,911 $621,086 +0.2%
Net Income $86,583 $167,418 -0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
12
Independent Members
12
Employees
12
Volunteers
18

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
5
$75,138
Total Directors
13
$75,138
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Sonia Marcus Executive Director 40.00
Officer Director
$66,167 $8,971 $75,138
Nancy Wright Chair 10.00
Officer Director
$0 $0 $0
Diane LoFaro Incoming Treasurer 5.00
Officer Director
$0 $0 $0
Dana Pulley Secretary 2.00
Officer Director
$0 $0 $0
Carolyn Graham Board Member 5.00
Director
$0 $0 $0
Curtis Jordan Board Member 2.00
Director
$0 $0 $0
Tom Newby Board Member 2.00
Director
$0 $0 $0
Brian Silva Departing Treasurer 5.00
Officer Director
$0 $0 $0
Stephanie Swann Board Member 2.00
Director
$0 $0 $0
Ibada Wadud Board Member 2.00
Director
$0 $0 $0
Cathy Cole Board Member 2.00
Director
$0 $0 $0
Alan Young Board Member 2.00
Director
$0 $0 $0
Jonathan King Board Member 2.00
Director
$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 $834,494 $747,911 $1,768,029 $86,583
2023 $788,504 $621,086 $1,635,363 $167,418
2022 $625,383 $519,164 $1,415,173 $106,219
2021 $438,249 $398,857 $1,396,796 $39,392
2020 $381,811 $372,155 $1,325,984 $9,656
2019 $463,047 $411,456 $1,280,295 $51,591
2018 $448,302 $358,246 $1,029,356 $90,056
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