Friends of Cloud Mountain

EIN: 911859995 501(c)(3) Religion

Castle Rock, WA

Total Revenue
$1,130,052
Total Expenses
$917,058
Total Assets
$2,489,241
Net Assets
$2,240,095
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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
WA
Phone
3602744859
Tax Period
2024-01-01 to 2024-12-31

Friends of Cloud Mountain, founded in 1998, is a community nonprofit in the Religion sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $213K, a strong 19% operating margin.

Mission

Retreats focused on Buddhist teachings or practices.

Program Service Accomplishments

Program 1
Expenses: $741,748 Revenue: $763,893

We offered 34 teacher-guided group retreats varying in length from 3 to 13 days in 2024. Two supported self-retreats for small groups of individuals were also held. All of the retreats were organized...

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We offered 34 teacher-guided group retreats varying in length from 3 to 13 days in 2024. Two supported self-retreats for small groups of individuals were also held. All of the retreats were organized solely by Cloud Mountain. Retreats focused on various aspects of Buddhist teachings or practice and featured a teacher or teachers well known among practicing Buddhists. Lectures, meditation, or related activities are scheduled throughout the day. Participants have little free time and are often expected to continue meditation on their own during unscheduled times. Retreats are staffed by Friends of Cloud Mountain employees, with significant amounts of labor provided by the participants themselves, which helps to keep retreat fees low. The fee for each retreat depends on the length of the retreat and related costs. Generally, every retreat accepts some work-exchange participants who pay a reduced fee. There are need-based scholarship funds funded in part by donations from the community available to assist low-income individuals to attend retreats. A special scholarship fund for young adults ages 18-35 has been established, available on a select group of retreats, which is funded largely by private donors, with additional contributions from the community. A special scholarship for people of color has also been established through donations from the community.

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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 $316,106
Program Service Revenue $763,892
Investment Income $47,674
Other Revenue $2,380
TOTAL REVENUE $1,130,052

Expense Breakdown

Grants Paid $40,502
Salaries & Benefits $417,780
Fundraising Expenses $17,528
Program Expenses $741,748
Other Expenses $458,776
TOTAL EXPENSES $917,058

Year-over-Year Comparison

2024 2023 Change
Revenue $1,130,052 $923,883 +0.2%
Expenses $917,058 $760,878 +0.2%
Net Income $212,994 $163,005 +0.3%
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
3
Independent Members
1
Employees
8
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
3
$74,496
Total Directors
3
$74,496
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Laura Hauer Secretary 30.00
Officer Director
$59,562 $0 $59,562
David Branscomb President 15.00
Officer Director
$14,934 $0 $14,934
Robert Santikaro Larson Vice President 2.00
Officer 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 $1,130,052 $917,058 $2,489,241 $212,994
2023 $923,883 $760,878 $2,485,432 $163,005
2022 $768,028 $688,567 $2,324,844 $79,461
2021 $720,638 $497,830 $2,182,059 $222,808
2020 $563,636 $604,980 $1,718,014 $-41,344
2020 $563,636 $572,510 $1,750,484 $-8,874
2019 $809,977 $706,394 $2,080,262 $103,583
2018 $785,364 $634,536 $1,979,031 $150,828
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