Hoa Lam Buddhist Meditation Center
- Assets
- $10.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Garden Grove, CA
- Founding
- 07/2011
- Data as of
- 12/2021
- EIN
- 27-1258261
Organization Overview
Hoa Lam Buddhist Meditation Center is located in Garden Grove, CA. The organization was established in 2011. 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. Hoa Lam Buddhist Meditation Center 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, Hoa Lam Buddhist Meditation Center generated $25.4k 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 (9.1%) each year. All expenses for the organization totaled $40.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
PROVISING A PLACE FOR PEOPLE TO BE MEDITATE AND PRAY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gina V Vu CEO | 25 | $0 | |
Tri T Cao Vice President | 20 | $0 | |
Thanhnlin Ho Treasurer | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,416 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $25,416 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $9,437 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $7,021 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $18,404 |
| Total expenses | $40,282 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $10,593 |
| Other assets | $0 |
| Total assets | $10,593 |
| Total liabilities | $510 |
| Net assets or fund balances | $10,083 |
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 |