Tahl Mah Sah Buddist Monastery And Temple Of America
- Assets
- $1.2m
- Revenue
- $416.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Los Angeles, CA
- Founding
- 10/1973
- Data as of
- 12/2023
- EIN
- 23-7286832
Organization Overview
Tahl Mah Sah Buddist Monastery And Temple Of America is located in Los Angeles, CA. The organization was established in 1973. According to its NTEE Classification (X50) the organization is classified as: Buddhism, under the broad grouping of Religion-Related and related organizations. As of 12/2023, Tahl Mah Sah Buddist Monastery And Temple Of America employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tahl Mah Sah Buddist Monastery And Temple Of America 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 12/2023, Tahl Mah Sah Buddist Monastery And Temple Of America generated $416.0k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 14.8% each year . All expenses for the organization totaled $314.3k during the year ending 12/2023. While expenses have increased by 13.0% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE A BUDDHIST TEMPLE AND MONASTERY IN ORDER TO PROPAGATE THE CORRECT DOCTRINES, PHILOSOPHIES, PRACTICES AND RITUALS OF BUDDHISM, GIVING THE SPIRITUAL GUIDANCE AND BLESSING BASED ON THE GREAT MERCY, COMPASSION, AND THE BODDHISATVA SPIRIT OF THE MAHAYANA BUDHISM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONDUCTED 3 SESSIONS OF DAILY PRAYERS AT THE TEMPLE FOR THE PROPAGATION OF THE CORRECT DOCTRINES, PHILOSOPHIES, PRACTICES, AND RITUALS OF MAHAYANA BUDDHISM, AND OFFERED SPECIAL PRAYERS FOR THE MEMBERS IN NEED.
CONDUCTED WEEKLY PRAYER SESSIONS AND SERMONS TO THE MEMBERS AT THE TEMPLE TO TEACH GREAT MERCY, COMPASSION, AND THE BODDHISATTVA SPIRIT OF THE BUDDHISM.
PROVIDED WEEKLY GUIDANCE SESSIONS FOR THE MEMBERS TO NURTURE THEIR SPIRITUAL GROWTH AND THEIR ABILITY TO OVERCOME OBSTACLES BY APPLYING THE BUDDHIST TEACHINGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eunyoung Cho Director/chief Executive Officer | OfficerTrustee | 40 | $0 |
Sunjung Park Director | Trustee | 2 | $0 |
Kyong Suk Chang Director | Trustee | 8 | $0 |
Bumnak Shon Director/secretary | OfficerTrustee | 8 | $0 |
Grace Ahn Director/chief Financial Officer | OfficerTrustee | 15 | $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 | $415,948 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $415,948 |
| Total Program Service Revenue | $0 |
| Investment income | $26 |
| 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 | $415,974 |
| 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 | $18,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,377 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $70,000 |
| Fees for services: Accounting | $3,920 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $800 |
| Office expenses | $1,802 |
| 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 | $734 |
| Interest | $1,200 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,081 |
| Insurance | $9,489 |
| All other expenses | $190,894 |
| Total functional expenses | $314,297 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100,759 |
| 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 | $1,079,301 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,180,060 |
| 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 | $76,500 |
| Other liabilities | $0 |
| Total liabilities | $76,500 |
| 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 | $1,103,560 |
| Total liabilities and net assets/fund balances | $1,180,060 |