Phap Vu Buddhist Cultural Centre Of Florida Inc is located in Orlando, FL. 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. Phap Vu Buddhist Cultural Centre Of Florida 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 12/2021, Phap Vu Buddhist Cultural Centre Of Florida Inc generated $593.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $341.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.2%) 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
BUDDHIST RELIGIOUS SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
CARRIED OUT MISSION OF MINISTERING TO THE C FL BUDDHIST COMMUNITY
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Thuong Dai Tran VP Internal | OfficerTrustee | $0 | |
Khoi A Tran President | OfficerTrustee | $0 | |
Hugh M Le VP External | OfficerTrustee | $0 | |
Thanh-Lan Dao Exec Secretary | OfficerTrustee | $0 | |
Eileen Trinh Secretary | OfficerTrustee | $0 | |
Thuy Nguyen Treasurer | OfficerTrustee | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $593,365 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $593,365 |
Total Program Service Revenue | $0 |
Investment income | $0 |
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 | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $593,365 |
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 | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $7,250 |
Advertising and promotion | $600 |
Office expenses | $0 |
Information technology | $4,325 |
Royalties | $0 |
Occupancy | $81,125 |
Travel | $0 |
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 | $131,468 |
Insurance | $0 |
All other expenses | $5,618 |
Total functional expenses | $341,051 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $389,727 |
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 | $95,000 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $3,457,620 |
Investments—publicly traded securities | $5,000 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $3,947,347 |
Accounts payable and accrued expenses | $6,817 |
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 | $893,268 |
Unsecured mortgages and notes payable | $150,427 |
Other liabilities | $0 |
Total liabilities | $1,050,512 |
Net assets without donor restrictions | $2,896,835 |
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 | $3,947,347 |
Over the last fiscal year, we have identified 2 grants that Phap Vu Buddhist Cultural Centre Of Florida Inc has recieved totaling $50,469.
Awarding Organization | Amount |
---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $50,450 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $19 |
Organization Name | Assets | Revenue |
---|---|---|
Wat Mongkolratanaram Of Fl Thai Buddhist Temple Interbay Area Fl Tampa, FL | $3,597,133 | $569,861 |
Florida Mediation Center Inc Plant City, FL | $2,757,164 | $497,078 |
Tu Vien Truc Lam Buddhist Central Inc Riverdale, GA | $1,941,563 | $418,470 |
Phap Vu Buddhist Cultural Centre Of Florida Inc Orlando, FL | $3,947,347 | $593,365 |
Sangha Bhiksu Buddhist Association Lawrenceville, GA | $1,683,037 | $360,966 |
Georgia Meditation Center Inc Atlanta, GA | $2,923,465 | $320,641 |
Vietnamese - American Buddhist Association Niem Xu Thien Vien Inc Leesburg, FL | $6,260,827 | $2,030,172 |
Wat Florida Dhammaram Inc Kissimmee, FL | $3,368,032 | $440,215 |
Phuoc Hoa Buddhist Center Inc Fort Myers, FL | $2,231 | $0 |
Dieu Nhan Buddhist Monastery Cocoa, FL | $2,899 | $0 |
Alexander Foundation Formless Heartfellowship Inc Miami, FL | $25,926 | $0 |
Vietnamese Buddhist Cultural Center Of Florida Inc Fort Lauderdale, FL | $0 | $0 |