Bongwon Sah Buddhist Temple
- Assets
- $96.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Temple City, CA
- Founding
- 06/2008
- Data as of
- 12/2021
- EIN
- 42-1743381
Organization Overview
Bongwon Sah Buddhist Temple is located in Temple City, CA. The organization was established in 2008. 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. Bongwon Sah Buddhist Temple 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, Bongwon Sah Buddhist Temple generated $77.2k 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 (5.6%) each year. All expenses for the organization totaled $66.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.5%) 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
THE PURPOSE OF THIS ORGANIZATION IS TO OPERATE A BUDDHIST TEMPLE AND MONASTERY IN ORDER TO CARRY OUT THE CORRECT DOCTRINES, PHILOSOPHIES, PRACTICES AND RITUALS OF BUDDHISM; TO GIVE THE SPIRITUAL GUIDANCE AND BLESSING BASED ON GREAT MERCY, COMPASSION, AND THE BUDDHISATVA SPIRIT OF THE MAHAYANA BUDDHISM; TO OPERATE EDUCATIONAL INSTITUTE AND WELFARE ORGANIZATIONS, GIVING PROFESSIONAL TRAINING AND WIDE UNDERSTANDING OF BUDDHISM AND SHOWING ITS SPIRIT AT WORK IN THE FORM OF WELFARE WORKS.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $77,223 |
| 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 | $77,223 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,690 |
| Occupancy, rent, utilities, and maintenance | $31,980 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $32,709 |
| Total expenses | $66,379 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $7,620 |
| Other assets | $0 |
| Total assets | $96,940 |
| Total liabilities | $171,285 |
| Net assets or fund balances | -$74,345 |
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