Central Texas Vipassana Association Inc
Nonprofit profile at a glance
- EIN
- 471172022
- IRS 990 coverage
- 2018–2025
- Forms available
- Form 990 2025, Form 990-EZ 2017
- Location
- Austin, TX, USA
- Phone
- 7039455288
- Rating
- 57
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Support N.E.C.
- Affiliation
- Buddhism
Reported finances
- Revenue
- $1,557,278
- Expenses
- $515,226
- Assets
- $5,411,039
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- Balkrishna B Goenka (President)
- Sailendra Banda (Vice President)
People named in this filing
- Vatsalya Sharma (Trust Member)
- Maulik Mistry (Trust Member)
- Swatantra Jain (Trust Member)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The primary purpose of the corporation is to promote educational and religious activity as defined in Section 501(c)(3) of the Internal Revenue Code, including, but not limited to the advancement of education, religion and non-sectarian spirituality through promoting, in accordance with the principles established by the late Sayagyi U Ba Khin, the study and practice of developing concentration of mind, insight and high standards of morality through the dissemination of non-sectarian religious teachings. In conjunction with this primary purpose, the corporation may establish and operate temporary and permanent centers, schools, colleges, libraries, institutions, courses and other facilities (including residential facilities) for the advancement of the non-sectarian teachings as aforesaid.
What it reported doing in 2025
We organized about 16 of 10 day residential meditation courses, since Janurary, attended by 562 students, served by 120 servers and 22 teachers.
Operating model
- Revenue model
- Donor-supported. 83% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 16
- Transparency & Controls: 85
- Accountability: 76
- Sustainability: 91
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 10.1%; rating input score 10
- Program expense ratio: 30.5%; rating input score 30
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 90.9%; rating input score 91; 10th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 3 of 7 controls in place; rating input score 43
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 66.9%; rating input score 95; 95th percentile among comparable filings
- Total-asset coverage ratio: 10.5; rating input score 92; 92nd percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 88; 88th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 78; 78th percentile among comparable filings
Growth
- Program expense growth: 41.8% per year; rating input score 100; 93rd percentile among comparable filings
- Revenue growth: 15.2% per year; rating input score 100; 75th percentile among comparable filings
- Asset growth: 23.8% per year; rating input score 100; 84th percentile among comparable filings
Details
- Where the money goes: 10.1% of revenue deployed · 30.5% of spending went to programs
- Governance: 10 of 10 board members independent · 3 of 7 filing controls reported
- Programs: 3 filed program accomplishments · $157K in reported program spending
- Leadership: top reported pay $0 · 10 people listed
- Highest-paid contractors: 1 contractor listed · $793K reported
- Consistency: 39 of 40 current checks pass · 1 finding to review
- Schedules: 4 filed schedules · includes major donors
- Filing history: 8 filing years from 2018 to 2025
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 10/100.
- Moderate — Financial Efficiency: Program expense ratio scored 30/100.
- Moderate — Accountability: Governance controls: 3 of 6 not reported.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.