Civic Intelligence

Middle Way School

990 • Fiscal year 2018 • EIN 83-0862436

Jan 01, 2018 to Dec 31, 2018 • Filed on Feb 03, 2020

PO Box 1321Woodstock, NY 12477

(845) 272-0141

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

68th percentile

0.09x

Higher debt load relative to assets than 68% of similar nonprofits.

2018 filings • NTEE B • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

59th percentile

0.03x

Higher debt load relative to revenue than 59% of similar nonprofits.

2018 filings • NTEE B • $500k-$1M nonprofits • Source year 2018

Net Margin

84th percentile

37%

Higher net margin than 84% of similar nonprofits.

2018 filings • NTEE B • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

54th percentile

$0

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • NTEE B • $500k-$1M nonprofits • Source year 2018

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Assets

$210,152

No earlier filing loaded for comparison.

Net Assets

$192,254

No earlier filing loaded for comparison.

Liabilities

$17,898

No earlier filing loaded for comparison.

Revenue

$518,642

No earlier filing loaded for comparison.

Expenses

$326,388

No earlier filing loaded for comparison.

Net Income

$192,254

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0Assets 2018: $210,152Liabilities 2018: $17,898Net Assets 2018: $192,2542018Assets 2020: $1,006,402Liabilities 2020: $25,465Net Assets 2020: $980,9372020Assets 2022: $1,422,715Liabilities 2022: $48,750Net Assets 2022: $1,373,9652022Assets 2023: $1,740,720Liabilities 2023: $76,875Net Assets 2023: $1,663,8452023

Highlighted filing

2018

Assets$210,152
Liabilities$17,898
Net Assets$192,254

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2018: $518,642Expenses 2018: $326,388Net Income 2018: $192,2542018Revenue 2020: $1,322,040Expenses 2020: $533,357Net Income 2020: $788,6832020Revenue 2022: $1,144,791Expenses 2022: $1,222,411Net Income 2022: -$77,6202022Revenue 2023: $1,832,352Expenses 2023: $1,542,472Net Income 2023: $289,8802023

Highlighted filing

2018

Revenue$518,642
Expenses$326,388
Net Income$192,254
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Feb 3, 2020
Return Version
2018v3.2
Gross Receipts
$518,642
Mission and Program Overview

Mission

The middle way school of the hudson valley is an independent day school with 29 students ages 3-9 currently enrolled in three mixed-age classes, with plans to keep expanding to include preschool to 12th grade. As one of the first buddhist schools for children in the west, middle way is on a mission to prepare students to take their places in the modern world with the noble qualities of intelligence, confidence, and discipline, with an understanding of interdependence and a fundamental motivation of altruism. Students and families receive dedicated attention and individualized instruction, as well as an invitation to walk the path of wakefulness. The middle way school is a 501(c)3 organization incorporated in the state of new york and recognized by the nys education department (nysed) as a nonpublic school. It is a member of the national association of independent schools (nais) and the ulster county chamber of commerce. The research and development of the mws model is overseen by middl

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$179,527-
Prepaid Expenses and Deferred Charges-$21,000-
Other Notes and Loans Receivable, Net-$150-
Total Assets$0$210,152▲ $210,152
Other Assets Total-$9,475-
Liabilities
Other Liabilities-$9,475-
Deferred Revenue-$8,162-
Accounts Payable and Accrued Expenses-$261-
Total Liabilities$0$17,898▲ $17,898
Net Assets / Fund Balance
Unrestricted Net Assets-$192,254-
Total Net Assets Fund Balance$0$192,254▲ $192,254
Total Liabilities and Net Assets / Fund Balance$0$210,152▲ $210,152
Compensation and Service Providers

Board Members and Trustees

NameTitle
Cecile HohenlohoeTrustee
Noa Christina Ben-yehudaHead of Scho
Michael DamianSecretary (a
Sonam TenzingTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$431,981
Program Service Revenue
$86,083
Investment Income
$578
Other Revenue
$0
All Other Contributions
$431,981
Change in Net Assets
$192,254
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$196,179
Other Expenses$130,209
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$169,384$9,644-$179,028
Occupancy$34,421$5,509-$39,930
Fees for Services Management$23,849$9,477-$33,326
Office Expenses$20,526$3,260-$23,786
Payroll Taxes$16,293$858-$17,151
Advertising$6,811$8,000-$14,811
Insurance$4,883$1,818-$6,701
Travel$1,000$5,652-$6,652
Information Technology$1,770$197-$1,967
Fees for Services Legal-$1,660-$1,660
Conferences and Meetings$1,238$138-$1,376
Total Functional Expenses$280,175$46,213$0$326,388
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease$9,475
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Middle Way School
EIN
83-0862436
Phone
8452720141
Address
PO BOX 1321, WOODSTOCK, NY 12477

Signing Officer

Name
Sonam Tenzing
Title
Treasurer
Phone
8452720141
Signed
2020-02-03

Organization Details

Principal Officer
Noa Christina Ben-yehuda
Formed
2018
Voting Board Members
4
Independent Board Members
4
Employees
8

Preparer

Firm
Thomas F Lindgren CPA Pc
Address
PO BOX 4236, KINGSTON, NY 12402
Preparer
Thomas Lindgren
Phone
8453381001
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The middle way school of the hudson valley is an independent day school with 29 students ages 3-9 currently enrolled in three mixed-age classes, with plans to keep expanding to include preschool to 12th grade. As one of the first buddhist schools for children in the west, middle way is on a mission to prepare students to take their places in the modern world with the noble qualities of intelligence, confidence, and discipline, with an understanding of interdependence and a fundamental motivation of altruism. Students and families receive dedicated attention and individualized instruction, as well as an invitation to walk the path of wakefulness. The middle way school is a 501(c)3 organization incorporated in the state of new york and recognized by the nys education department (nysed) as a nonpublic school. It is a member of the national association of independent schools (nais) and the ulster county chamber of commerce. The research and development of the mws model is overseen by middle way education, a separate not for profit organization dedicated to creating pathways for traditional buddhist wisdom and knowledge to enhance modern education for the benefit of this and future generations. We are grateful to the generous donors of khyentse foundation, who have given significant financial support to the school. Guided by a number of teachers and scholars, middle way is not tethered to one single buddhist tradition or path. Nor do we blend them together until they are unrecognizable. Rather, we respect the variety of buddhist wisdom traditions, the lineages, and the varied paths that have helped individuals connect with the buddhadharma for 2,500 years. The middle way school welcomes students and hires employees of any race, color, national or ethnic origin, sex, disability, religion, sexual orientation, and gender identity and make reasonable accommodations for individuals with known disabilities.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MIDDLE WAY SCHOOL OF THE HUDSON VALLEY IS AN INDEPENDENT DAY SCHOOL WITH 29 STUDENTS AGES 3-9 CURRENTLY ENROLLED IN THREE MIXED-AGE CLASSES, WITH PLANS TO KEEP EXPANDING TO INCLUDE PRESCHOOL TO 12TH GRADE. AS ONE OF THE FIRST BUDDHIST SCHOOLS FOR CHILDREN IN THE WEST, MIDDLE WAY IS ON A MISSION TO PREPARE STUDENTS TO TAKE THEIR PLACES IN THE MODERN WORLD WITH THE NOBLE QUALITIES OF INTELLIGENCE, CONFIDENCE, AND DISCIPLINE, WITH AN UNDERSTANDING OF INTERDEPENDENCE AND A FUNDAMENTAL MOTIVATION OF ALTRUISM. STUDENTS AND FAMILIES RECEIVE DEDICATED ATTENTION AND INDIVIDUALIZED INSTRUCTION, AS WELL AS AN INVITATION TO WALK THE PATH OF WAKEFULNESS. THE MIDDLE WAY SCHOOL IS A 501(C)3 ORGANIZATION INCORPORATED IN THE STATE OF NEW YORK AND RECOGNIZED BY THE NYS EDUCATION DEPARTMENT (NYSED) AS A NONPUBLIC SCHOOL. IT IS A MEMBER OF THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS (NAIS) AND THE ULSTER COUNTY CHAMBER OF COMMERCE. THE RESEARCH AND DEVELOPMENT OF THE MWS MODEL IS OVERSEEN BY MIDDLE WAY EDUCATION, A SEPARATE NOT FOR PROFIT ORGANIZATION DEDICATED TO CREATING PATHWAYS FOR TRADITIONAL BUDDHIST WISDOM AND KNOWLEDGE TO ENHANCE MODERN EDUCATION FOR THE BENEFIT OF THIS AND FUTURE GENERATIONS. WE ARE GRATEFUL TO THE GENEROUS DONORS OF KHYENTSE FOUNDATION, WHO HAVE GIVEN SIGNIFICANT FINANCIAL SUPPORT TO THE SCHOOL. GUIDED BY A NUMBER OF TEACHERS AND SCHOLARS, MIDDLE WAY IS NOT TETHERED TO ONE SINGLE BUDDHIST TRADITION OR PATH. NOR DO WE BLEND THEM TOGETHER UNTIL THEY ARE UNRECOGNIZABLE. RATHER, WE RESPECT THE VARIETY OF BUDDHIST WISDOM TRADITIONS, THE LINEAGES, AND THE VARIED PATHS THAT HAVE HELPED INDIVIDUALS CONNECT WITH THE BUDDHADHARMA FOR 2,500 YEARS. THE MIDDLE WAY SCHOOL WELCOMES STUDENTS AND HIRES EMPLOYEES OF ANY RACE, COLOR, NATIONAL OR ETHNIC ORIGIN, SEX, DISABILITY, RELIGION, SEXUAL ORIENTATION, AND GENDER IDENTITY AND MAKE REASONABLE ACCOMMODATIONS FOR INDIVIDUALS WITH KNOWN DISABILITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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