Mongkoltepmunee Buddist Temple
- Assets
- $6.0m
- Revenue
- $320.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Bensalem, PA
- Founding
- 01/1986
- Data as of
- 12/2022
- EIN
- 23-2316606
Organization Overview
Mongkoltepmunee Buddist Temple is located in Bensalem, PA. The organization was established in 1986. 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. Mongkoltepmunee Buddist Temple 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, Mongkoltepmunee Buddist Temple generated $320.2k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $404.0k during the year ending 12/2022. 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
THE MONGKOL TEPMUNEE BUDDHIST TEMPLE WAS ESTABLISHED TO PROMOTE THE TEACHINGS, PRACTICE AND UNDERSTANDING OF BUDDHISM, MEDITATION, THAI CULTURE, CEREMONIES, AND THE THAI LANGUAGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KATHIN CEREMONY: THIS CEREMONY IS HELD DURING THE FOUR WEEKS THAT FOLLOW THE CONCLUSION OF THE THREE-MONTH RETREAT OF EACH YEAR. BUDDHISTS CONSIDER THIS CEREMONY - AS ONE OF THE MOST SIGNIFICANT FORMS OF MERIT-MAKING BY OFFERING NEW ROBS TO THE MONKS.
ALL OTHER ACTIVITES THAT FULFILL THE ORGANIZATION'S MISSION.
RATTANAMATEE MEMORIAL SERVICE: THE SERVICE TO HONOR OUR TEMPLE'S FIRST ABBOT AND FOUNDER.
THAI FAIR: EVENT TO PROMOTE THAI CULTURE AND FOOD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nom Kalasang President | Officer | 40 | $0 |
Rungtiva Peterken Treasurer | Officer | 20 | $0 |
Laothong Puenpa Admin Office | Officer | 40 | $0 |
Aouthachai Skhonsupaporn Vice Preside | Officer | 40 | $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 | $44,711 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $44,711 |
| Total Program Service Revenue | $216,524 |
| Investment income | $34,562 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $22,555 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $320,152 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,100 |
| 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 | $410 |
| Fees for services: Accounting | $1,500 |
| 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 | $9,029 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $59,870 |
| Travel | $25,737 |
| 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 | $194,279 |
| Insurance | $7,724 |
| All other expenses | $15,214 |
| Total functional expenses | $403,995 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,070 |
| Savings and temporary cash investments | $1,682,996 |
| 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 | $1,295 |
| Net Land, buildings, and equipment | $4,315,369 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,026,730 |
| Accounts payable and accrued expenses | $7,306 |
| 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 | $7,306 |
| Net assets without donor restrictions | $5,782,900 |
| Net assets with donor restrictions | $236,524 |
| 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 | $6,026,730 |