International Buddha Dharma Society For Cosmic Laws
- Assets
- $387.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Davisburg, MI
- Founding
- 08/2014
- Data as of
- 12/2022
- EIN
- 46-3923266
Organization Overview
International Buddha Dharma Society For Cosmic Laws is located in Davisburg, MI. 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. As of 12/2022, International Buddha Dharma Society For Cosmic Laws employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Buddha Dharma Society For Cosmic Laws 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, International Buddha Dharma Society For Cosmic Laws generated $93.1k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 29.2% each year . All expenses for the organization totaled $73.9k during the year ending 12/2022. 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 Mission:
Part 3 - Line 1
PROPAGATE BUDDHA DHARMA; LEAD MEDITATION SESSIONS; ADVOCATE BUDDHIST DIET; GUIDE PEOPLE TO PRACTICE BUDDHA DHARMA; ANSWER QUESTIONS THROUGH EMAILS AND PHONES ABOUT BUDDHA DHARMA.
Describe the Organization's Program Activity:
Part 3
CONTINUED TO PROVIDE WEEKLY BUDDHA DHARMA TALKS AND MEDITATION SESSIONS TO THE PUBLIC. DUE TO THE PANDEMIC, THE WEEKLY DHARMA TALKS HAVE BEEN GIVEN ON INTERNET, THE ORGANIZATION'S WEBSITE AND YOUTUBE CHANNELS. COMMUNICATE WITH DISCIPLES, ANSWER THEIR QUESTIONS AND GUIDE THEIR CULTIVATION. REVIEW THEIR ARTICLES AND HELP THEM FROM MANY ASPECTS.
FILLING FEE, TRAVEL FEE, OFFICE OCCUPANCY FEE
CONTINUED TO PROVIDE GUIDANCE ON PRACTICE, MEDITATION, BUDDHIST DIET THROUGH APPS (WECHAT, WHATSAPP), EMAILS, PHONE CALLS. REVIEW MEMBER'S WEEKLY OR MONTHLY ARTICLES AND GIVE SUGGESTIONS.
CONTINUED TO BUILD THE ORGANIZATION'S GARDEN, MAKING IT AVAILABLE TO THE LOCAL PEOPLE. ANYONE CAN COME IN AND TAKE A WALK OR SIT. THE GARDEN IS PART OF THE MEDITATION PLACE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shengli Yuan Buddhist Teacher | 40 | $28,400 | |
Jinhua Zhou Buddha Dharma & Buddhist Cuisine Teacher | 40 | $26,000 | |
Shaofang Yu President | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $93,103 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $93,103 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $780 |
| Salaries, other compensation, and employee benefits | $54,400 |
| Professional fees and other payments to independent contractors | $1,618 |
| Occupancy, rent, utilities, and maintenance | $17,103 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $73,901 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $238,470 |
| Other assets | $0 |
| Total assets | $387,470 |
| Total liabilities | $0 |
| Net assets or fund balances | $387,470 |