THE CENTER FOR CONTEMPLATIVE RESEARCH

EIN: 851666977 501(c)(3) Religion

CRESTONE, CO

Total Revenue
$363,705
Total Expenses
$473,425
Total Assets
$2,399,688
Net Assets
$2,289,893
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
CO
Principal Officer
B ALAN WALLACE
Phone
7192564042
Tax Period
2024-01-01 to 2024-12-31

THE CENTER FOR CONTEMPLATIVE RESEARCH, founded in 2020, is a small nonprofit in the Religion sector that reported $364K in total revenue in fiscal year 2024. Revenue fell 49% from the prior year — a significant decline worth monitoring. Expenses of $473K exceeded revenue, resulting in a 30% operating deficit.

Mission

TO EXPLORE THE NATURE AND POTENTIALS OF CONSCIOUSNESS FIRSTHAND, WHILE FULLY ENGAGING WITH SCIENTISTS TO DEVELOP RIGOROUS MEASURES FOR NOVEL RESEARCH INTO THE NATURE OF THE MIND.

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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 (2024)

Revenue Breakdown

Contributions & Grants $354,390
Program Service Revenue $0
Investment Income $8,611
Other Revenue $704
TOTAL REVENUE $363,705

Expense Breakdown

Grants Paid $0
Salaries & Benefits $164,105
Fundraising Expenses $53,912
Program Expenses $372,972
Other Expenses $309,320
TOTAL EXPENSES $473,425

Year-over-Year Comparison

2024 2023 Change
Revenue $363,705 $715,177 -0.5%
Expenses $473,425 $466,061 +0.0%
Net Income $-109,720 $249,116 -1.4%
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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

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
6
Independent Members
5
Employees
4
Volunteers
25

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
4
$150,008
Total Directors
6
$50,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
B ALAN WALLACE FOUNDING PRE 20.00
Officer Director
$0 $0 $50,000
COURTNEY JOHNSON EXECUTIVE DI 40.00
Officer
$100,008 $0 $100,008
SCOTT REYNOLDS TREASURER 2.00
Officer Director
$0 $0 $0
EVA NATANYA ROLF VICE PRESIDE 40.00
Officer Director
$0 $0 $0
NAVIN AMARASURIYA BOARD MEMBER 2.00
Director
$0 $0 $0
KIMBERLY FERRARI DEVELOPMENT 0.25
Director
$0 $0 $0
CRAIG NEYMAN FINANCE DIRE 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 $363,705 $473,425 $2,399,688 $-109,720
2023 $715,177 $466,061 $2,524,868 $249,116
2022 $638,339 $451,666 $2,193,201 $186,673
2021 $672,648 $165,064 $1,992,034 $507,584
2020 $1,610,594 $147,828 $1,478,692 $1,462,766
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