Hong An Buddhist Association Inc
- Assets
- $229.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lilburn, GA
- Founding
- 02/2016
- Data as of
- 12/2023
- EIN
- 47-1105536
Organization Overview
Hong An Buddhist Association Inc is located in Lilburn, GA. 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. Hong An Buddhist Association 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 12/2023, Hong An Buddhist Association Inc generated $187.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $69.3k during the year ending 12/2023. While expenses have increased by 15.9% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
BUDDHIST MONASTERY CARRIES OUT ITS MISSION OF TRAINING LEADERS OF BUDDHIST FAITH IN CHANGING WORLD AND EDUCATING BUDDHIST PRINCIPLE
Describe the Organization's Program Activity:
Part 3
1. MEDITATIONS AND PRAYERS TO VOLUNTEER AND CLERGY MEMBER AT BUDDHIST ASSOCIATION 365 DAY DAILY. 2. 52 WEEKLY PRYERS FOR BUDDIHIST MEMBER AND PUBLIC AT THE CENTER. 3. FIVE DAYS MONTHLY BUDDHIST FAITH STUDIES. 4. 3 EVENT PUBLIC CELERATIONS OF BUDDHA BIRTHDAY(MEMORIAL DAY), PARENT APPRECIATION DAY(LABOR DAY), VIETNAMESE NEW YEAR(MID-FEBRUARY) 5. SUMMER CAMPS FOR CHILDREN AGE UNDER 18 YEAR OLDS IN JULY 2017. 6. SPONSORED, SHELTERED, PROVIDED ALL NECESSAITY LIVING EXPENSE, AND TRAINED FOUR NEW BUDDHIST CLEGIES TO CARRY OUT BUDDHIST MISSION AS STATED IN CENTER MISSION STATEMENT.(ALL CLERGIES TAKE THE VOW OF POVERTY SO THERE IS NO SEPERATED ALLOCATION OF EXPENSES FOR CLERGIES
BUT THERE IS 25% OF ALL SERVICE EXPENSES ARE FOR THIS PURPOSE.)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dung Ho President | 40 | $15,600 | |
Lan-Chi Nguyen Vice President | 40 | $0 | |
Phuoc Dang Secretary | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $187,719 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $187,719 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $15,600 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $53,735 |
| Total expenses | $69,335 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $229,588 |
| Other assets | $0 |
| Total assets | $229,588 |
| Total liabilities | $0 |
| Net assets or fund balances | $229,588 |