Tung Lam Buddhist Temple Inc
- Assets
- $412.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Wilmington, NC
- Founding
- 12/2016
- Data as of
- 12/2022
- EIN
- 46-1113181
Organization Overview
Tung Lam Buddhist Temple Inc is located in Wilmington, NC. The organization was established in 2016. 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. Tung Lam Buddhist Temple Inc 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, Tung Lam Buddhist Temple Inc generated $58.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $33.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.7%) 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
2022
Describe the Organization's Program Activity:
Part 3
PROMOTED BUDDHAS TEACHINGS, ESTABLISHED A PLACE OF WORSHIP, STUDY, AND PRACTICE FOR BUDDHIST MEMBERS AND CULTIVATED AND MAINTAINED THE VIETNAMESE CULTURE AND VIETNAMESE MORAL STAN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hiep T Nguyen President | 40 | $0 | |
Nhung Thi My Truong Treasurer | 40 | $0 | |
Tam T Nguyen Secretary | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $45,436 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $12,960 |
| Total Revenue | $58,396 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $12,315 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $20,687 |
| Total expenses | $33,002 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $159,165 |
| Other assets | $0 |
| Total assets | $412,511 |
| Total liabilities | $214,104 |
| Net assets or fund balances | $198,407 |