Phap Van Monastery

Organization Overview

Phap Van Monastery is located in Pearland, TX. The organization was established in 2012. 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. Phap Van Monastery 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 12/2023, Phap Van Monastery generated $266.3k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 31.1% each year . All expenses for the organization totaled $221.6k during the year ending 12/2023. While expenses have increased by 35.9% per year over the past 5 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE WEEKLY WORSHIPING SERVICES TO BUDDHIST PRACTIONERS IN PEARLAND AND SURROUNDING VICINITY AIMING TO PROMOTE QUALITY OF LIFE THROUGH BUDDHAS TEACHINGS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PHAT DANG 2023 CELEBRATION


DONATION PROVIDED TO AN LAC HANH TEMPLE


TET 2023 CELEBRATION


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Board, Officers & Key Employees

Name (title)Compensation
Duc T Nguyen
President
$6,000
Kieu T Nguyen
Secretary & Treasurer
$2,000
Thien Nguyen
Vice President
$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$266,308
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$266,308
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 $266,308

Peer Organizations

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