Nguyen Khong Monastery And Meditation Center Inc
- Assets
- $283.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Albuquerque, NM
- Founding
- 07/2016
- Data as of
- 12/2021
- EIN
- 47-1940818
Organization Overview
Nguyen Khong Monastery And Meditation Center Inc is located in Albuquerque, NM. 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. Nguyen Khong Monastery And Meditation Center 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 12/2021, Nguyen Khong Monastery And Meditation Center Inc generated $71.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (12.4%) each year. All expenses for the organization totaled $40.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.2%) per year over the past 5 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
MONASTARY AND MEDITATION CENTER SERVICE NEEDS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Le President | 1 | $0 | |
Ngoc Bich Huynh Secretary | 1 | $0 | |
Lien T Ha Vice-President | 1 | $0 | |
Ty Duong Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $71,027 |
| 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 | $71,027 |
| 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 | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $39,992 |
| Total expenses | $39,992 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $47,938 |
| Other assets | $0 |
| Total assets | $282,950 |
| Total liabilities | $138,284 |
| Net assets or fund balances | $144,666 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Nguyen Khong Monastery And Meditation Center Inc has recieved totaling $15,500.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $15,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southern Usa Falun Dafa Association Houston, TX | $3,622,112 | $4,922,503 |
Shambhala Mountain Center Red Feather Lakes, CO | $11,185,691 | $3,073,943 |
Namchak Foundation Houston, TX | $11,458,517 | $3,340,423 |
Pema Chodron Foundation Steamboat Springs, CO | $8,183,827 | $1,930,179 |
Dharma Ocean Foundation Boulder, CO | $4,440,017 | $463,383 |
Phap Bao Buddhist Temple Mission, TX | $296,799 | $340,704 |
Vien Thong Pagoda Houston, TX | $7,824,383 | $1,069,111 |
Universal Door Meditation Center Sugar Land, TX | $8,646,375 | $1,638,678 |
Watpa Buddhayan Mediation Center Inc Sugar Land, TX | $0 | $800,742 |
Vietnamese Buddhist Center Inc Sugar Land, TX | $7,043,362 | $1,772,604 |
Kalachakra Buddha Association Farmersville, TX | $4,404,690 | $783,296 |
Phuoc Duc Buddhist Cultural Center Inc Houston, TX | $30,610 | $403,197 |