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Dharma Ocean Foundation

  • Boulder, CO
  • Tax-exempt since Feb. 2006
  • EIN: 20-2417344

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Religion-Related, Spiritual Development / Buddhist (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$663k (2023)

Expenses
$999k (2023)

Total Assets
$3.36M (2023)

Total Liabilities
$155k (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$662,521
Expenses
$998,643
Net Income
-$336,122
Net Assets
$3,201,122
Notable Sources of Revenue Percent of Total Revenue
Contributions $342,430
51.7%
Program Services $319,000
48.1%
Investment Income $1,091
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $154,698
15.5%
Professional Fundraising Fees $0
Other Salaries and Wages $296,765
29.7%
Assets/Debt
Total Assets $3,356,012
Total Liabilities $154,890
Net Assets $3,201,122
Compensation
Key Employees and Officers Compensation Related Other
Reginald Ray (Spiritual Di) $91,208 $0 $466
Paul Adams (Executive Di) $63,490 $0 $21,654
Caroline Pfohl (Chairman) $0 $0 $0
George Harris (Secretary) $0 $0 $0
Jake La Botz (Board Presid) $0 $0 $0
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Document Links

990
Filed on July 12, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$271,918
Expenses
$839,737
Net Income
-$567,819
Net Assets
$3,537,144
Notable Sources of Revenue Percent of Total Revenue
Contributions $212,190
78.0%
Program Services $290,276
> 100%
Investment Income $1,544
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$330,158
Net Inventory Sales $0
Other Revenue $98,066
36.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $152,289
18.1%
Professional Fundraising Fees $0
Other Salaries and Wages $167,481
19.9%
Assets/Debt
Total Assets $3,715,047
Total Liabilities $177,903
Net Assets $3,537,144
Compensation
Key Employees and Officers Compensation Related Other
Reginald Ray (Spiritual Di) $90,858 $0 $6,032
Paul Adams (Executive Di) $61,431 $0 $43,319
Maria Vargas (Chair And Se) $0 $0 $0
Justin Dituri (Board Member) $0 $0 $0
Callista Brown (Board Member) $0 $0 $0
Barbara Ohlendorf (Board Member) $0 $0 $0
Deborah Raoult (Board Member) $0 $0 $0
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Document Links

990
Filed on Nov. 10, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$463,383
Expenses
$723,465
Net Income
-$260,082
Net Assets
$4,100,576
Notable Sources of Revenue Percent of Total Revenue
Contributions $236,198
51.0%
Program Services $227,185
49.0%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $65,500
9.1%
Professional Fundraising Fees $0
Other Salaries and Wages $218,130
30.2%
Assets/Debt
Total Assets $4,440,017
Total Liabilities $339,441
Net Assets $4,100,576
Compensation
Key Employees and Officers Compensation Related Other
Reginald Ray (Spiritual Di) $65,500 $0 $0
Paul Adams (Board Member) $0 $0 $0
Maria Vargas (Chair And Se) $0 $0 $0

Document Links

990
Filed on Oct. 11, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$362,362
Expenses
$997,610
Net Income
-$635,248
Net Assets
$4,359,792
Notable Sources of Revenue Percent of Total Revenue
Contributions $74,600
20.6%
Program Services $245,775
67.8%
Investment Income $1
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $41,986
11.6%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $62,225
6.2%
Professional Fundraising Fees $0
Other Salaries and Wages $333,036
33.4%
Assets/Debt
Total Assets $4,675,238
Total Liabilities $315,446
Net Assets $4,359,792
Compensation
Key Employees and Officers Compensation Related Other
Reginald Ray (Spiritual Di) $62,225 $0 $1,244
Paul Adams (Board Member) $0 $0 $0
Chantal Duteau Buck (Secretary) $0 $0 $0
Maria Vargas (Chair) $0 $0 $0
+ View more people

Document Links

990
Filed on Nov. 9, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$795,122
Expenses
$1,882,334
Net Income
-$1,087,212
Net Assets
$4,995,040
Notable Sources of Revenue Percent of Total Revenue
Contributions $275,013
34.6%
Program Services $910,513
> 100%
Investment Income $3
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue -$390,407
Notable Expenses Percent of Total Expenses
Executive Compensation $213,917
11.4%
Professional Fundraising Fees $0
Other Salaries and Wages $641,543
34.1%
Assets/Debt
Total Assets $5,308,808
Total Liabilities $313,768
Net Assets $4,995,040
Compensation
Key Employees and Officers Compensation Related Other
Reginald A Ray (Director) $116,613 $0 $2,946
David Iozzi (Executive Dir.) $89,808 $0 $8,370
Gaia Mika (Board Member) $16,235 $0 $0
Heather Gordon (Secretary) $208 $0 $0
Caroline Pfohl (Director) $0 $0 $0
Michael Mischke Reeds (Chairman) $0 $0 $0
Brynmor Rees (Board Member) $0 $0 $0
Maria Vargas (Chairman) $0 $0 $0
Schuyler Anderson (Treasurer) $0 $0 $0
Chantal Duteau Buck (Secretary) $0 $0 $0
Norman Elizondo (Secretary) $0 $0 $0
+ View more people

Document Links

990
Filed on Nov. 16, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,805,479
Expenses
$2,159,112
Net Income
-$353,633
Net Assets
$6,082,252
Notable Sources of Revenue Percent of Total Revenue
Contributions $395,085
21.9%
Program Services $1,410,390
78.1%
Investment Income $4
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $250,186
11.6%
Professional Fundraising Fees $0
Other Salaries and Wages $728,335
33.7%
Assets/Debt
Total Assets $6,615,024
Total Liabilities $532,772
Net Assets $6,082,252
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Reginald A Ray (Director) $124,439 $0 $3,063
David Iozzi (Executive Dir.) $93,848 $0 $7,923
Gaia Mika (Board Member) $30,062 $0 $0
Stephen Jeremy Lowry (Board Member) $12,116 $0 $0
Heather Gordon (Secretary) $9,588 $0 $0
Caroline Pfohl (Director) $0 $0 $0
Michael Mischke Reeds (Chairman) $0 $0 $0
Brynmor Rees (Board Member) $0 $0 $0
Schuyler Anderson (Treasurer) $0 $0 $0
+ View more people

Document Links

990
Filed on Nov. 13, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,608,705
Expenses
$1,882,545
Net Income
$726,160
Net Assets
$6,435,885
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,479,890
56.7%
Program Services $1,128,752
43.3%
Investment Income $2
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $61
0.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $240,978
12.8%
Professional Fundraising Fees $0
Other Salaries and Wages $630,486
33.5%
Assets/Debt
Total Assets $6,960,083
Total Liabilities $524,198
Net Assets $6,435,885
Compensation
Key Employees and Officers Compensation Related Other
Reginald A Ray (Director) $119,283 $0 $2,921
David Iozzi (Executive Dir.) $100,689 $0 $7,981
Stephen Jeremy Lowry (Board Member) $12,422 $0 $0
Gaia Mika (Board Member) $1,450 $0 $0
Tami Simon (Board Member) $0 $0 $0
Caroline Pfohl (Director) $0 $0 $0
Michael Mischke Reeds (Treasurer/Secre) $0 $0 $0
Jay Wilson (Board Member) $0 $0 $0
Brynmor Rees (Board Member) $0 $0 $0
+ View more people

Document Links

990
Filed on Dec. 17, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML
View Filing (2 of 2) PDF (2 of 2)

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,675,318
Expenses
$1,655,792
Net Income
$19,526
Net Assets
$5,709,725
Notable Sources of Revenue Percent of Total Revenue
Contributions $581,572
34.7%
Program Services $1,093,742
65.3%
Investment Income $4
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $185,531
11.2%
Professional Fundraising Fees $0
Other Salaries and Wages $473,968
28.6%
Assets/Debt
Total Assets $6,098,326
Total Liabilities $388,601
Net Assets $5,709,725
Compensation
Key Employees and Officers Compensation Related Other
Reginald A Ray (Director) $101,558 $0 $2,042
David Iozzi (Executive Dir.) $88,134 $0 $6,455
Bryn Rees (Board Member) $950 $0 $0
Tami Simon (Board Member) $0 $0 $0
Caroline Pfohl (Board Chair) $0 $0 $0
S Jeremy Lowry (Board Member) $0 $0 $0
Michael Mischke Reeds (Treasurer/Secre) $0 $0 $0
Fred Schulte (Board Member) $0 $0 $0
Jay Wilson (Board Member) $0 $0 $0
+ View more people

Document Links

990
Filed on Nov. 13, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,349,168
Expenses
$1,521,716
Net Income
-$172,548
Net Assets
$5,690,199
Notable Sources of Revenue Percent of Total Revenue
Contributions $549,185
40.7%
Program Services $796,596
59.0%
Investment Income $3
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $3,384
0.3%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $179,700
11.8%
Professional Fundraising Fees $0
Other Salaries and Wages $438,213
28.8%
Assets/Debt
Total Assets $6,190,876
Total Liabilities $500,677
Net Assets $5,690,199
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Reginald A Ray (Director) $99,502 $0 $2,003
David Iozzi (Executive Dir.) $78,628 $0 $6,536
S Jeremy Lowry (Board Member) $1,000 $0 $0
Tami Simon (Board Member) $0 $0 $0
Caroline Pfohl (Board Chair) $0 $0 $0
Michael Mischke Reeds (Treasurer/Secre) $0 $0 $0
Fred Schulte (President) $0 $0 $0
Dan Montgomery (Board Member) $0 $0 $0
+ View more people

Document Links

990
Filed on Aug. 3, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML
PDF (2 of 2)

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,731,264
Expenses
$1,353,018
Net Income
$378,246
Net Assets
$5,862,747
Notable Sources of Revenue Percent of Total Revenue
Contributions $926,818
53.5%
Program Services $793,489
45.8%
Investment Income $2,007
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $8,950
0.5%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $182,169
13.5%
Professional Fundraising Fees $0
Other Salaries and Wages $375,073
27.7%
Assets/Debt
Total Assets $6,238,572
Total Liabilities $375,825
Net Assets $5,862,747
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Reginald A Ray (Director) $102,609 $0 $2,062
David Iozzi (Executive Dir.) $79,559 $0 $6,594
Robert Mitchell (Treasurer) $0 $0 $0
Tami Simon (Board Member) $0 $0 $0
Caroline Pfohl (Board Chair) $0 $0 $0
Monique Rees (Board Member) $0 $0 $0
S Jeremy Lowry (Board Member) $0 $0 $0
Michael Mischke Reeds (Treasurer/Secre) $0 $0 $0
Fred Schulte (President) $0 $0 $0
Dan Montgomery (Board Member) $0 $0 $0
+ View more people

Document Links

990
Filed on Sept. 1, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$998,233
Expenses
$1,359,273
Net Income
-$361,040
Net Assets
$5,484,501
Notable Sources of Revenue Percent of Total Revenue
Contributions $392,637
39.3%
Program Services $601,166
60.2%
Investment Income $57
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $815
0.1%
Sales of Assets -$20,935
Net Inventory Sales $24,493
2.5%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $57,688
4.2%
Professional Fundraising Fees $0
Other Salaries and Wages $466,357
34.3%
Assets/Debt
Total Assets $5,818,067
Total Liabilities $333,566
Net Assets $5,484,501
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Reginald A Ray (Director) $100,050 $0 $2,010
Nanda Zipp (President) $56,868 $0 $3,494
David Iozzi (Executive Dir.) $24,109 $0 $1,670
Karyn Young (Board Member) $800 $0 $0
Robert Mitchell (Treasurer) $0 $0 $0
Tami Simon (Board Member) $0 $0 $0
Caroline Pfohl (Board Chair) $0 $0 $0
Monique Rees (Board Member) $0 $0 $0
S Jeremy Lowry (Board Member) $0 $0 $0
Michael Mischke Reeds (Vice Chair) $0 $0 $0
Fred Schulte (President) $0 $0 $0
Dan Montgomery (Board Member) $0 $0 $0
+ View more people

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990
Filed on May 22, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,232,273
Expenses
$1,164,616
Net Income
$67,657
Net Assets
$5,845,541
Notable Sources of Revenue Percent of Total Revenue
Contributions $770,357
62.5%
Program Services $416,771
33.8%
Investment Income $11
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $8,798
0.7%
Sales of Assets -$1,472
Net Inventory Sales $37,808
3.1%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $91,375
7.8%
Professional Fundraising Fees $0
Other Salaries and Wages $232,226
19.9%
Assets/Debt
Total Assets $6,072,021
Total Liabilities $226,480
Net Assets $5,845,541

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,304,880
Expenses
$1,146,406
Net Income
$1,158,474
Net Assets
$5,774,621
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,715,502
74.4%
Program Services $556,348
24.1%
Investment Income $10
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $7,934
0.3%
Net Fundraising $0
Sales of Assets -$223
Net Inventory Sales $25,309
1.1%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $196,587
17.1%
Professional Fundraising Fees $0
Other Salaries and Wages $128,654
11.2%
Assets/Debt
Total Assets $5,935,650
Total Liabilities $161,029
Net Assets $5,774,621

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF
PDF (2 of 2)

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF
PDF (2 of 2)

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

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Byline

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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