Buddha Bless Temple Inc
- Assets
- $1.3m
- Revenue
- $62.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Louisville, KY
- Founding
- 04/2007
- Data as of
- 12/2022
- EIN
- 33-1149412
Organization Overview
Buddha Bless Temple Inc, operating under the name Van Phat Danh Ii, is located in Louisville, KY. The organization was established in 2007. 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. Van Phat Danh Ii 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, Van Phat Danh Ii generated $62.5k 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 (16.1%) each year. All expenses for the organization totaled $32.6k 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
BUDDHIST TEMPLE - CARRIES OUT ITS MISSION OF EDUCATING BUDDHIST PRINCIPLES AND PRACTICES NOT ONLY TO ITS MEMBERS BUT ALSO TO PUBLIC AT LARGE IN LOUISVILLE, KY AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
1. 52 WEEKLY PRAYERS FOR BUDDHIST MEMBERS AND PUBLIC AT THE MONASTERY2. 4 THREE-DAY QUARTERLYLY BUDDHIST FAITH STUDIES3. 3 BIG PUBLIC CELERATIONS OF BUDDHA BIRTHDAY (MEMORIAL DAY), PARENTS APPRICATION DAY (LABOR DAY), VIETNAMESE NEW YEAR (MID-FEBRUARY)4. PROVIDE FREE BLESSING CEREMONIES FOR BUDDHIST RESIDENT AND BUSINESS IN LOUISVILLE AREA WITH LION DANCE.5. 365 DAILY MEDITATIONS AND PRAYERS TO VOLUNTEERS AND CLERGY MEMBERS AT THE MONASTERY6. SPONSORED, SHELTERED, TRANSPORTATION, AND PROVIDED ALL NECESSITY LIVING EXPENSES FOR ONE BUDDHIST MONK TO CARRY OUT BUDDHIST MISSION AS STATED IN MONASTERY MISSION STATEMENT. ( ALL CLERGIES TAKE THE VOW OF POVERTY SO THERE IS NO SEPERATED ALLOCATION OF EXPENSES FOR CLERGIES BUT THERE IS 25% OF ALL SERVICE EXPENSES ARE FOR THIS PURPOSE.)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nguyen Vice President | OfficerTrustee | 40 | $0 |
Trung Huynh President | OfficerTrustee | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $62,535 |
| 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 | $62,535 |
| 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 | $62,535 |
| 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 | $120 |
| Travel | $6,325 |
| 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 | $2,396 |
| All other expenses | $0 |
| Total functional expenses | $32,628 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,442 |
| Savings and temporary cash investments | $9,882 |
| 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 | $1,220,198 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,264,522 |
| 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 | $44,324 |
| Other liabilities | $0 |
| Total liabilities | $44,324 |
| 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 | $1,220,198 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,264,522 |