De Yu Spiritual Cultivation Institute
- Assets
- $10.2m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Houston, TX
- Founding
- 08/2013
- Data as of
- 12/2021
- EIN
- 46-2369915
Organization Overview
De Yu Spiritual Cultivation Institute is located in Houston, TX. The organization was established in 2013. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. DE Yu Spiritual Cultivation Institute 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, DE Yu Spiritual Cultivation Institute generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 52.5% each year . All expenses for the organization totaled $324.5k during the year ending 12/2021. While expenses have increased by 24.6% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MAIN MISSION OF DE YU SPIRITUAL CULTIVATION INSITUTE IS TO PROMOTE "PEACE, EQUALITY AND UNIVERSAL BROTHERHOOD" BY STUDYING FIVE MAIN RELIGIONS' SCRIPTURES, PRACTICING CONFUCIAN TEACHINGS AND ENGAGING ACTIVITIES THAT BENEFIT THE COMMUNITY. IN 2019, DE YU SET UP BRANCH IN CALIFORNIA; IN 2021, IT EXPANDED TO NJ.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DE YU SPIRITUAL CULTIVATION INSTITUTE HOLDS STUDY GROUP EACH WEEK TO FURTHER EXPLORE THE MEANINGS OF THREE WORLDS AND MAIN RELIGIONS. IN 2021, IT PROVIDED BOTH ONLINE MEETING VIA SOCIAL MEDIAS AND ON SITE SMALL GROUP STUDY. THERE ARE ABOUT 15 PEOPLE PARTICIPATE IN THE STUDY GROUP EACH WEEK.
DE YU SPIRITUAL CULTIVATION INSTITUTE HAS FEATURED SEMINAR AND SPEECH EVERY SUNDAY OPENING TO PUBLIC TO PROMOTE ITS BELIEF. IT PROVIDES ONLINE AND ONSITE SERVICES. THE IN PERSON GATHERING FOR SPEECH IS ABOUT 50 PEOPLE PER WEEK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sanh Trang President | OfficerTrustee | 15 | $0 |
Tzuyuan Chang Religious Lecturer | Officer | 40 | $0 |
Tsair-Chy Gong Treasurer | Officer | 40 | $0 |
Phung Nguyet Tran Director | Trustee | 15 | $0 |
Shang-Yeh Dai Director | Trustee | 40 | $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 | $1,298,225 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,298,225 |
| Total Program Service Revenue | $0 |
| Investment income | $2,122 |
| 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 | $1,302,834 |
| 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 | $7,310 |
| Fees for services: Accounting | $2,230 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $255 |
| Advertising and promotion | $0 |
| Office expenses | $33,933 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $62,728 |
| Travel | $5,126 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,612 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $166,470 |
| Insurance | $10,014 |
| All other expenses | $0 |
| Total functional expenses | $324,468 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $704,094 |
| Savings and temporary cash investments | $1,822,412 |
| 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 | $7,712,113 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,238,619 |
| Accounts payable and accrued expenses | $6,932 |
| 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 | $149,510 |
| Other liabilities | $0 |
| Total liabilities | $156,442 |
| Net assets without donor restrictions | $10,082,177 |
| 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 | $10,238,619 |
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