Dami Buddhism Association
- Assets
- $17.6m
- Revenue
- $5.3m
- Investments
- $0.0
- Employees
- 0
- Location
- New Hyde Park, NY
- Founding
- 09/2014
- Data as of
- 07/2022
- EIN
- 46-0724838
Organization Overview
Dami Buddhism Association is located in New Hyde Park, NY. The organization was established in 2014. 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. Dami Buddhism 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 07/2022, Dami Buddhism Association generated $5.3m in total revenue. All expenses for the organization totaled $282.1k during the year ending 07/2022. While expenses have increased by 11.4% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ORGANIZE AND PROVIDE SEMINARTS AND WORKSHOPS IN PUBLIC DOMAINS ON TOPICS LIKE HEALTH AND FITNESS, THE ARTE OF STRESS MANAGEMENT, TAKING CARE OF OUR INNER AND OUTER ENVIRONMENTTO VISIT HOSPITALS, HOSPICES, SCHOOLS OF SPECIAL EDUCATION, SENIOR CENTERS, NURSING HOMES AND REHAB CENTERS TO HELP THE NEEDY AND RELIEVE THE DISTRESSEDTO ESTABLISH AND MAINTAIN A PLACE OF WORSHIP TO PROPAGATE BUDDHA'S TEACHING
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUDDHISM ASSOCIATION SERVICE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yun Congyi Officer | Officer | 60 | $12,000 |
Xu Yanchun Officer | Officer | 2 | $0 |
Mao Hongli Officer | Officer | 50 | $21,600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,328,038 |
| Investment income | $3,156 |
| 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 | $5,331,194 |
| Statement of Expenses | |
|---|---|
| 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. | $33,600 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,125 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,300 |
| 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 | $175,904 |
| Insurance | $1,245 |
| All other expenses | $0 |
| Total functional expenses | $282,137 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,290,182 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $49,416 |
| Total assets | $17,601,801 |
| 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 | $2,362,010 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $10,884 |
| Total liabilities | $2,374,094 |
| Net assets without donor restrictions | $15,227,707 |
| 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 |
| Total liabilities and net assets/fund balances | $15,227,707 |