Hoi Phuoc Temple
- Assets
- $48.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Albuquerque, NM
- Founding
- 09/2014
- Data as of
- 12/2021
- EIN
- 46-5029724
Organization Overview
Hoi Phuoc Temple is located in Albuquerque, NM. 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. Hoi Phuoc Temple 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, Hoi Phuoc Temple generated $41.8k 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 (12.4%) each year. All expenses for the organization totaled $28.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (16.8%) 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
2021
Describe the Organization's Program Activity:
Part 3
TO SUPPORT, ADVANCE, PROPAGATE, AND PRESERVE THE TEACHING, PRACTICE AND STUDY OF THE BUDDHIST RELIGION. TEMPLE CONDUCTS THE SERVICES ON SATURDAY AND SUNDAY ONLY FROM 9AM TO 8PM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Guong Nguyen President | 40 | $0 | |
Teo Hong Nguyen Vice President | 40 | $0 | |
Laura Le Treasurer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $41,776 |
| 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 | $41,776 |
| 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 | $5,898 |
| Occupancy, rent, utilities, and maintenance | $7,151 |
| Printing, publications, postage, and shipping | $11,074 |
| Other expenses | $3,487 |
| Total expenses | $28,610 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $48,595 |
| Other assets | $0 |
| Total assets | $48,595 |
| Total liabilities | $56,600 |
| Net assets or fund balances | -$8,005 |
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