Unified Buddhist Church Endowment
- Assets
- $1.7m
- Revenue
- $82.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Ellicott City, MD
- Founding
- 03/2007
- Data as of
- 06/2022
- EIN
- 20-4373593
Organization Overview
Unified Buddhist Church Endowment is located in Ellicott City, MD. The organization was established in 2007. 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. Unified Buddhist Church Endowment 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 06/2022, Unified Buddhist Church Endowment generated $82.5k 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 (15.5%) each year. All expenses for the organization totaled $272.8k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EDUCATION, SHELTER, FOOD, HEALTH CARE, CLOTHING, BASIC AMENITIES, AND NECESSARY TRAVEL TO SUPPORT THE MONASTIC LIFE AND ENGAGED WORK OF THE MONASTIC MONKS AND NUNS IN THE PRACTICE OF ENGAGED BUDDHISM IN THE TRADITION OF THICH NHAT HANH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN CARRYING OUT ITS CHARITABLE PURPOSE, THE UNIFIED BUDDHIST CHURCH ENDOWMENT IS PERMITTED TO DISBURSE UP TO 5% (10% IN UNUSUAL OR EMERGENCY CIRCUMSTANCES) OF ENDOWMENT ACCOUNTS IN A GIVEN YEAR. IN THE PAST, THESE GRANTS WERE DISBURSED FOR THE WORK OF PROVIDING SHELTER, EDUCATION, FOOD, HEALTHCARE, CLOTHING, BASIC SHARED AMENITIES, AND NECESSARY TRAVEL TO SUPPORT THE MONASTIC LIFE OF THE MONKS AND NUNS OF PLUM VILLAGE COMMUNITY OF ENGAGED BUDDHISM AND RELATED RELIGIOUS INSTITUTIONS. DURING THE FISCAL YEAR ENDED JUNE 30, 2022 DISBURSEMENTS IN THE AMOUNT OF $267,400 WERE MADE FOR THESE PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cao Ngoc Phuong Chan Khong President | OfficerTrustee | 1 | $0 |
Annabel Harvey Laity Chan Duc Vice President | OfficerTrustee | 1 | $0 |
Trinh Vy Hoa Chan Phap Dung Treasurer | OfficerTrustee | 1 | $0 |
Nguyen Xuan Mong Lien Sr Thoai Nghi Secretary | OfficerTrustee | 1 | $0 |
John P Hussman Asst Treasurer Treasurer | Officer | 1 | $0 |
Brooke Steinau Asst Secretary Secretary | Officer | 1 | $0 |
Financial Statements
| 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 | $78,120 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $78,120 |
| Total Program Service Revenue | $0 |
| Investment income | $4,402 |
| 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 | $82,522 |
| 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 | $267,400 |
| 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 | $4,079 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $272,793 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,314 |
| Savings and temporary cash investments | $861,010 |
| 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 | $0 |
| Investments—publicly traded securities | $832,254 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,746,578 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $1,746,578 |
| Total liabilities and net assets/fund balances | $1,746,578 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Unified Buddhist Church Endowment has recieved totaling $42.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $42 |
Endowment Analysis
| Beg. Balance | $1,873,686 |
| Earnings | -$2,458 |
| Admin Expense | $5,393 |
| Net Contributions | $15,679 |
| Grants | $134,936 |
| Ending Balance | $1,746,578 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Falun Dafa Association Of Washington Dc Inc Silver Spring, MD | $2,193,898 | $2,904,846 |
Ligmincha International Inc Shipman, VA | $3,616,918 | $1,093,375 |
Won Edification Center Ofpennsylvania Inc Glenside, PA | $5,565,953 | $442,842 |
Mongkoltepmunee Buddist Temple Bensalem, PA | $6,198,387 | $527,741 |
Won Buddhism Of The Usa Inc Rockville, MD | $2,656,575 | $337,112 |
Unified Buddhist Church Endowment Ellicott City, MD | $1,746,578 | $82,522 |
Khmer Buddhist Humanity Association Inc Philadelphia, PA | $5,074,682 | $1,080,927 |
Auspicious Cloud Buddhist Mediation Association Haymarket, VA | $932,455 | $496,388 |
Wat Nirodharangsee Stanardsville, VA | $538,982 | $778,371 |
Vietnamese Buddhist Association Centreville, VA | $399,290 | $233,873 |
Hoa Nghiem Pagoda Fort Belvoir, VA | $2,388,683 | $322,261 |
Benevolent Buddhist Temple Inc Bethesda, MD | $1,194,465 | $1,163,582 |