Buddhas Light International Association-Detroit Chapter
- Assets
- $53.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Madison Heights, MI
- Founding
- 12/2005
- Data as of
- 12/2022
- EIN
- 20-2580333
Organization Overview
Buddhas Light International Association-Detroit Chapter is located in Madison Heights, MI. The organization was established in 2005. 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. Buddhas Light International Association-Detroit Chapter 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 12/2022, Buddhas Light International Association-Detroit Chapter generated $51.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (8.2%) each year. All expenses for the organization totaled $55.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
TO PROMOTE THE ESSENCE OF BUDDHISM RESEARCH AND PROPAGATION VIA FELLOWSHIPS AND BENEFICIAL ACTIVITIES. TO SUPPORT BUDDHIST CULTURAL ACTIVITIES VIA THE MODERNIZATION OF BUDDIST CLASSICAL SCRIPTURES AND PUBLICATIONS. TO ORGANZE CHARITABLE, CULTURAL, AND EDUCATIONAL FUNCTIONS TO BENEFIT THE SOCIAL ENVIRONMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sau Fan Qian President | 20 | $0 | |
Swei Hwa Wu Treasurer | 20 | $0 | |
Joy Yab Secretary | 20 | $0 | |
Qiang Li Vice President | 20 | $0 | |
Shi Ing Chang Vice President | 20 | $0 | |
Chun Lien Hsu Director | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $49,469 |
| Total Program Service Revenue | $0 |
| Membership dues | $2,285 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $51,754 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $39,081 |
| Printing, publications, postage, and shipping | $1,732 |
| Other expenses | $15,053 |
| Total expenses | $55,866 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $48,389 |
| Other assets | $0 |
| Total assets | $53,590 |
| Total liabilities | $0 |
| Net assets or fund balances | $53,590 |