Vietnamese Buddhist Association
- Assets
- $2.4m
- Revenue
- $275.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Roseville, MN
- Founding
- 01/1977
- Data as of
- 12/2022
- EIN
- 41-1290701
Organization Overview
Vietnamese Buddhist Association is located in Roseville, MN. The organization was established in 1977. 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 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, Vietnamese Buddhist Association generated $275.2k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $215.5k 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
PROVIDE SPIRITUAL GUIDANCE FOR INDIVIDUALS AND RELIGIOUS UNIFICATION FOR ASIAN COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPIRITUAL AND RELIGIOUS PROGRAMS
PLACE OF MEDITATION AND PRAYER
VIETNAMESE CLASSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Minh Phap - David Minh Truong Board Of Directors | Trustee | 10 | $0 |
Nguyen Thu - Quyen Pham Board Of Directors | Trustee | 5 | $0 |
Nguyen Dieu - Kim Le Board Members | Trustee | 5 | $0 |
Minh Hieu - Hieu Ho Board Of Directors | Trustee | 5 | $0 |
Nguyen Quang - Minh Van Tran Board Members | Trustee | 5 | $0 |
Thanh Hoa - Tuan Anh Pham Board Members | Trustee | 5 | $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 | $275,237 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $275,237 |
| 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 | $275,237 |
| 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 | $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 | $12,509 |
| All other expenses | $0 |
| Total functional expenses | $215,482 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $258,645 |
| 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 | $2,150,917 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,409,562 |
| 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 | $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 | $2,409,562 |
| Total liabilities and net assets/fund balances | $2,409,562 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Vietnamese Buddhist Association has recieved totaling $11,267.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $11,267 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sachen Foundation Golden Valley, MN | $2,744,211 | $220,447 |
Niem Phat Buddhist Temple - Chua Niem Phat Saint Paul, MN | $0 | $0 |
Institute For Zen Leadership Madison, WI | $92,245 | $155,271 |
Vietnamese Buddhist Association Roseville, MN | $2,409,562 | $275,237 |
Kevala Retreat Norwalk, WI | $658,089 | $145,953 |
Davenport Buddhist Association Kim Cang Temple Davenport, IA | $157,887 | $135,630 |
Tu Vien Giac Hai Hastings, MN | $579,874 | $277,854 |
Korinji Foundation Reedsburg, WI | $589,889 | $124,258 |
Buddha Haksa Corporation Waukesha, WI | $2,319,463 | $570,128 |
Jalu Foundation Inc Soldiers Grove, WI | $1,430,822 | $1,514,375 |
Hong Duc Sakya Monastery Des Moines, IA | $60,250 | $0 |
Yeru Bon Center Minneapolis, MN | $14,584 | $0 |