Vietnamese Buddhist Association Of Detroit-Linh Phong Monastry
- Assets
- $540.6k
- Revenue
- $137.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Warren, MI
- Founding
- 10/2011
- Data as of
- 12/2021
- EIN
- 27-4450536
Organization Overview
Vietnamese Buddhist Association Of Detroit-Linh Phong Monastry is located in Warren, MI. 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. Vietnamese Buddhist Association Of Detroit-Linh Phong Monastry 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, Vietnamese Buddhist Association Of Detroit-Linh Phong Monastry generated $137.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $145.5k during the year ending 12/2021. While expenses have increased by 6.5% 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
VIETNAMESE BUDDHIST TEMPLE
Describe the Organization's Program Activity:
Part 3 - Line 4a
VIETNAMESE BUDDHIST TEMPLE
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Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $137,644 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $137,644 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $137,644 |
| 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 | $100,219 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,000 |
| Fees for services: Other | $33,967 |
| 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 | $145,486 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $240,592 |
| 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 | $300,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $540,592 |
| 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 | $540,592 |
| 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 | $540,592 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Vietnamese Buddhist Association Of Detroit-Linh Phong Monastry has recieved totaling $96,250.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: Unrestricted | $48,125 |
Network For Good Inc Washington, DC PURPOSE: Unrestricted | $48,125 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Friends Of Garezers Inc Ada, MI | $5,581,240 | $146,132 |
Institute For Zen Leadership Madison, WI | $92,245 | $155,271 |
Kumbum Chamtse-Ling Inc Bloomington, IN | $973,683 | $343,042 |
Wat Buddha Samakidham Inc Columbus, OH | $407,345 | $253,477 |
Vietnamese And American Buddhist Association Corp Indianapolis, IN | $169,387 | $0 |
America International Buddhist Association Quan Am Temple Mason, MI | $177,120 | $218,453 |
Buddhist Society Of Cincinnati Hamilton, OH | $149,840 | $0 |
Quan Am Temple Of Buddhist Cultural Centre Of Cleveland-Ohio Cleveland, OH | $600,814 | $233,001 |
Vietnamese Buddhist Association Of Detroit-Linh Phong Monastry Warren, MI | $540,592 | $137,644 |
Kevala Retreat Norwalk, WI | $658,089 | $145,953 |
Korinji Foundation Reedsburg, WI | $589,889 | $124,258 |
Buddha Haksa Corporation Waukesha, WI | $2,319,463 | $570,128 |