Institute Of Chung Hwa Buddhist Culture Inc
- Assets
- $24.7m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 5
- Location
- Elmhurst, NY
- Founding
- 08/1980
- Data as of
- 06/2023
- EIN
- 11-2503369
Organization Overview
Institute Of Chung Hwa Buddhist Culture Inc is located in Elmhurst, NY. The organization was established in 1980. As of 06/2023, Institute Of Chung Hwa Buddhist Culture Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute Of Chung Hwa Buddhist Culture Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Institute Of Chung Hwa Buddhist Culture Inc generated $2.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $497.0k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
RELIGIOUS INSTITUTION
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE INSTITUTE PROVIDED MEDITATION RETREATS, BUDDHIST PHILOSOPHY CLASSES, PERSONAL GUIDANCE AND COUNCILING TO NUMEROUS INDIVIDUALS ALL OVER THE WORLD.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Guo Hui Fa Shi President, Board Member | OfficerTrustee | 2 | $0 |
Guo Xing Fa Shi Vice Pres., Board Member | OfficerTrustee | 2 | $0 |
Chang Hwa Fa Shi Director, Board Member | OfficerTrustee | 16 | $1,200 |
Chang Zhai Fa Shi Treasurer, Board Member | Trustee | 16 | $1,200 |
Wen-Chiao Peng Secretary, Board Member | OfficerTrustee | 2 | $0 |
Harry Miller Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $31,700 |
| Fundraising events | $205,699 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,473,516 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,710,915 |
| Total Program Service Revenue | $0 |
| Investment income | $326,870 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $6,135 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,097,514 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,400 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,110 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $7,428 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $133,124 |
| Travel | $1,806 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $119,842 |
| Insurance | $126,955 |
| All other expenses | $33,673 |
| Total functional expenses | $496,966 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,865 |
| Savings and temporary cash investments | $15,770,016 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $7,713,710 |
| Investments—publicly traded securities | $1,181,616 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,815 |
| Total assets | $24,735,022 |
| Accounts payable and accrued expenses | $9,500 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $9,500 |
| Net assets without donor restrictions | $24,725,522 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $24,735,022 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kripalu Center For Yoga & Health Inc Stockbridge, MA | $44,898,260 | $27,688,588 |
Maharishi Global Administration Through Natural Law Livingston Manor, NY | $8,713,256 | $3,282,306 |
Institute Of Chung Hwa Buddhist Culture Inc Elmhurst, NY | $24,735,022 | $2,097,514 |
Sirius Inc Shutesbury, MA | $570,005 | $246,058 |
Himalayan Institute Of Buffalo Inc Buffalo, NY | $278,385 | $182,747 |
Swami Kuvalayananda Yoga Foundation Philadelphia, PA | $376,659 | $0 |
Dharma Foundation Inc Barre, MA | $158,668 | $0 |
Yoga Anand Ashram Inc Amityville, NY | $60,631 | $0 |
Agni Yoga Society Inc New York, NY | $59,644 | $0 |