Samadhi Chan Monastery Happy Buddhist Association is located in Elmhurst, NY. The organization was established in 2004. According to its NTEE Classification (X50) the organization is classified as: Buddhism, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Samadhi Chan Monastery Happy Buddhist Association 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 03/2021, Samadhi Chan Monastery Happy Buddhist Association generated $99.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.5%) each year. All expenses for the organization totaled $75.2k during the year ending 03/2021. As we would expect to see with falling revenues, expenses have declined by (8.9%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
RELIGIOUS BUDDHIST ASSOCIATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
UPHOLD & FOSTER THE TEACHINGS OF THE BUDDHA AMONG MEMBERS OF THE COMMUNITY
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Li Xiao Hong President | Officer | 50 | $0 |
You Qiong Shen Secretary | Officer | 10 | $0 |
Wei Xing Qiu V.president | Officer | 30 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $90,086 |
Investment income | $0 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $9,600 |
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 | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $99,686 |
Statement of Expenses | |
---|---|
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 to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $420 |
Fees for services: Accounting | $1,285 |
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 | $0 |
Information technology | $738 |
Royalties | $0 |
Occupancy | $4,867 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $4,561 |
Interest | $5 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $43,232 |
Insurance | $4,658 |
All other expenses | $0 |
Total functional expenses | $75,223 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $150,372 |
Savings and temporary cash investments | $0 |
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 | $948 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $824,142 |
Accounts payable and accrued expenses | $145,861 |
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 | $145,861 |
Net assets without donor restrictions | $0 |
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 |
Total liabilities and net assets/fund balances | $678,281 |
Over the last fiscal year, we have identified 1 grants that Samadhi Chan Monastery Happy Buddhist Association has recieved totaling $5,715.
Awarding Organization | Amount |
---|---|
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $5,715 |
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Buddhist Digital Resource Center Inc Boston, MA | $3,689,467 | $1,606,114 |
Center Of Theological Inquiry Princeton, NJ | $23,024,334 | $1,080,518 |
Barre Center For Buddhist Studies Inc Barre, MA | $5,739,679 | $1,727,816 |
Kak Hwang Zen Center Flushing, NY | $220,889 | $735,431 |
Lumbini Buddhist Association Inc Lawrence, MA | $0 | $602,311 |
New York Insight Inc New York, NY | $427,976 | $611,449 |
Dharmakaya Center For Wellbeing Inc Pine Bush, NY | $182,124 | $584,750 |
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Dharma Drum Retreat Center Inc Pine Bush, NY | $3,451,513 | $510,345 |
Mongkoltepmunee Buddist Temple Bensalem, PA | $6,198,387 | $527,741 |
Friends Of Dongyu Gatsal Ling Inc Woodbury, NY | $2,289,752 | $560,170 |
Pointing Out The Great Way Foundation Newton, MA | $1,469,945 | $273,367 |