Heart Chan
- Assets
- $2.6m
- Revenue
- $355.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Nevada City, CA
- Founding
- 11/2012
- Data as of
- 12/2021
- EIN
- 46-1064920
Organization Overview
Heart Chan is located in Nevada City, CA. 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. Heart Chan 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, Heart Chan generated $355.3k 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 (8.6%) each year. All expenses for the organization totaled $188.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (13.5%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO BRING CHAN MEDITATION PRACTICE INTO AS MANY PEOPLES LIVES AS POSSIBLE AND TO HELP PEOPLE TO LIVE A LIFE OF PEACE, LOVE, AND HARMONY AS THEY WALK ALONG THE PATH TOWARD ENLIGHTENMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE FUNDS FOR MAINTENANCE OF EXISTING AND CONTINUED PROPAGATION OF A NATIONAL NETWORK OF CENTERS AND RETREAT LOCATIONS, PROVIDING A REGULAR SCHEDULE OF SERVICES, CLASSES AND TRAINING IN THE CHAN TRADITIONAL TEACHINGS AND LINEAGE, INCLUDING, BUT NOT LIMITED TO, PERFORMING WEDDINGS, FUNERAL SERVICES, COUNSELING IN HEALTHY LIFESTYLE, RELATIONSHIPS AND SPIRITIUAL DEVELOPMENT OF PRACTITIONERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yen Kang Liu Secretary / Director | OfficerTrustee | $0 | |
Mark Troxell CEO / Director | OfficerTrustee | $0 | |
Leeching Lin CFO / Director | OfficerTrustee | $0 | |
Zhenyao Mo Director | Trustee | $0 | |
Yao Donald Hwong Director | Trustee | $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 | $354,964 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $354,964 |
| Total Program Service Revenue | $0 |
| Investment income | $79 |
| 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 | $355,288 |
| 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 | $1,055 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $309 |
| Office expenses | $33,785 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $50,245 |
| 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 | $48,128 |
| Insurance | $20,898 |
| All other expenses | $0 |
| Total functional expenses | $188,145 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,568 |
| Savings and temporary cash investments | $1,335,946 |
| 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 | $1,237,938 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,400 |
| Total assets | $2,615,852 |
| 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 | $657 |
| Total liabilities | $657 |
| Net assets without donor restrictions | $2,615,195 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $2,615,852 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Heart Chan has recieved totaling $96,279.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: RELIGION RELATED | $62,110 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $34,039 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $130 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
San Francisco Falun Buddha Study Association San Jose, CA | $6,296,319 | $14,265,205 |
Khyentse Foundation San Francisco, CA | $60,349,679 | $7,362,261 |
Vietnanese Buddhist Meditation Congregation Inc Bonsall, CA | $9,161,110 | $5,723,304 |
Tribe Media Corp Los Angeles, CA | $548,666 | $3,414,428 |
Bukkyo Dendo Kyokai America Inc Moraga, CA | $12,018,243 | $1,744,603 |
Us Southwestern Falun Dafa Association El Monte, CA | $4,987,177 | $7,092,763 |
Buddhist Churches Of America-Endow San Francisco, CA | $48,222,934 | $3,035,371 |
Northern California Bodhi Dharma Society Milpitas, CA | $3,105,013 | $2,040,834 |
Dhammakaya International Meditation Center Azusa, CA | $17,013,433 | $1,779,242 |
Hong Shin Buddhist Center Chino, CA | $23,393,639 | $3,179,818 |
Against The Stream Buddhist Meditation Society Los Angeles, CA | $400,066 | $1,319,745 |
Bat Nha Meditation Institute Of America Santa Ana, CA | $4,101,645 | $975,241 |