Mp Prajna Buddhist Mission Inc is located in Monterey Park, CA. The organization was established in 2015. According to its NTEE Classification (X50) the organization is classified as: Buddhism, under the broad grouping of Religion-Related and related organizations. As of 12/2021, MP Prajna Buddhist Mission Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. MP Prajna Buddhist Mission 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, MP Prajna Buddhist Mission Inc generated $403.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $401.6k during the year ending 12/2021. While expenses have increased by 2.3% 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 ORGANIZATION IS TO PROMOTE THE SPIRIT OF THE CHINESE CULTURE THROUGH WISDOM TO PROVIDE AN OPPORTUNITY FOR EVERYONE TO LEARN TO BE GOOD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION WELCOMES PEOPLE FROM ALL OVER TO PRAY FOR GOOD LUCK, HEALTH & HAPPINESS IN MANY OF THEIR EVENT ACTIVITIES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Huang Wen Huang Secretary | Officer | 30 | $55,000 |
Lily Li Huang President | Officer | 30 | $37,500 |
Dave Huang CFO | Officer | 0 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $42,255 |
All other contributions, gifts, grants, and similar amounts not included above | $360,750 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $403,005 |
Total Program Service Revenue | $0 |
Investment income | $121 |
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 | $403,126 |
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. | $92,500 |
Compensation of current officers, directors, key employees. | $92,500 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $39,876 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $11,927 |
Fees for services: Management | $0 |
Fees for services: Legal | $2,000 |
Fees for services: Accounting | $6,500 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $10,475 |
Office expenses | $4,117 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $99,524 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $1,114 |
Interest | $3,390 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,457 |
Insurance | $1,105 |
All other expenses | $30,681 |
Total functional expenses | $401,644 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $264,751 |
Savings and temporary cash investments | $0 |
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 | $6,081 |
Net Land, buildings, and equipment | $5,879 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $1,917 |
Other assets | $0 |
Total assets | $278,628 |
Accounts payable and accrued expenses | $391 |
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 | $0 |
Other liabilities | $179,825 |
Total liabilities | $180,216 |
Net assets without donor restrictions | $98,412 |
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 | $278,628 |
Over the last fiscal year, we have identified 2 grants that Mp Prajna Buddhist Mission Inc has recieved totaling $900.
Awarding Organization | Amount |
---|---|
Icare Philanthropic Foundation Arcadia, CA PURPOSE: CHARITABLE PURPOSE | $800 |
Chor Chai Marie & Gregory Tan Family Foundation Glendale, CA PURPOSE: GENERAL FUND OF CHARITY | $100 |
Organization Name | Assets | Revenue |
---|---|---|
San Francisco Falun Buddha Study Association San Jose, CA | $6,296,319 | $14,265,205 |
Khyentse Foundation San Francisco, CA | $60,349,679 | $7,362,261 |
Vietnanese Buddhist Meditation Congregation Inc Bonsall, CA | $9,161,110 | $5,723,304 |
Tribe Media Corp Los Angeles, CA | $548,666 | $3,414,428 |
Bukkyo Dendo Kyokai America Inc Moraga, CA | $12,018,243 | $1,744,603 |
Us Southwestern Falun Dafa Association El Monte, CA | $4,987,177 | $7,092,763 |
Buddhist Churches Of America-Endow San Francisco, CA | $48,222,934 | $3,035,371 |
Northern California Bodhi Dharma Society Milpitas, CA | $3,105,013 | $2,040,834 |
Dhammakaya International Meditation Center Azusa, CA | $17,013,433 | $1,779,242 |
Hong Shin Buddhist Center Chino, CA | $23,393,639 | $3,179,818 |
Against The Stream Buddhist Meditation Society Los Angeles, CA | $400,066 | $1,319,745 |
Bat Nha Meditation Institute Of America Santa Ana, CA | $4,101,645 | $975,241 |