Huyen Khong Monastery
- Assets
- $2.1m
- Revenue
- $713.4k
- Investments
- $0.0
- Employees
- 0
- Location
- San Jose, CA
- Founding
- 04/2009
- Data as of
- 12/2021
- EIN
- 20-8003172
Organization Overview
Huyen Khong Monastery is located in San Jose, CA. The organization was established in 2009. 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. Huyen Khong Monastery 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, Huyen Khong Monastery generated $713.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.5% each year . All expenses for the organization totaled $336.9k during the year ending 12/2021. While expenses have increased by 16.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
A BUDDHIST TEMPLE FOR RELIGIOUS SERVICES SUCH AS: CHANTING, MEDITATION, AND CHARITY WORKS. PROVIDES DAILY PRAYER AND ANNUAL BUDDHIST CEREMONIES FOR THE VIETNAMESE COMMUNITY IN SAN JOSE
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2020, THE TEMPLE HAS CONDUCTED RELIGOUS CEREMONIES FOR FUNERAL, RELIGOUS EVENTS, RELIGOUS STUDY AND MEDIATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thien Tam Thich Director | Officer | 0 | $0 |
Thien Ngoc Thich Director | Officer | 0 | $0 |
Anh Tu Huynh Director | Officer | 0 | $0 |
Thien Nguyen Chairman | Trustee | 0 | $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 | $713,169 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $713,169 |
| Total Program Service Revenue | $0 |
| Investment income | $191 |
| 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 | $713,360 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,756 |
| 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 | $17,630 |
| Insurance | $5,697 |
| All other expenses | $54,254 |
| Total functional expenses | $336,868 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $796,965 |
| 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 | $0 |
| Net Land, buildings, and equipment | $939,166 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $360,226 |
| Total assets | $2,096,357 |
| 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 | $579,826 |
| Total liabilities | $579,826 |
| Net assets without donor restrictions | $1,516,531 |
| 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 | $2,096,357 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Huyen Khong Monastery has recieved totaling $119,189.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $119,189 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
San Francisco Falun Buddha Study Association San Jose, CA | $6,296,319 | $14,265,205 |
Khyentse Foundation San Francisco, CA | $60,349,679 | $7,362,261 |
Vietnanese Buddhist Meditation Congregation Inc Bonsall, CA | $9,161,110 | $5,723,304 |
Tribe Media Corp Los Angeles, CA | $548,666 | $3,414,428 |
Bukkyo Dendo Kyokai America Inc Moraga, CA | $12,018,243 | $1,744,603 |
Us Southwestern Falun Dafa Association El Monte, CA | $4,987,177 | $7,092,763 |
Buddhist Churches Of America-Endow San Francisco, CA | $48,222,934 | $3,035,371 |
Northern California Bodhi Dharma Society Milpitas, CA | $3,105,013 | $2,040,834 |
Dhammakaya International Meditation Center Azusa, CA | $17,013,433 | $1,779,242 |
Hong Shin Buddhist Center Chino, CA | $23,393,639 | $3,179,818 |
Against The Stream Buddhist Meditation Society Los Angeles, CA | $400,066 | $1,319,745 |
Bat Nha Meditation Institute Of America Santa Ana, CA | $4,101,645 | $975,241 |