Ddmba La Foundation
- Assets
- $9.6m
- Revenue
- $831.2k
- Investments
- $0.0
- Employees
- 5
- Location
- El Monte, CA
- Founding
- 12/2007
- Data as of
- 12/2022
- EIN
- 51-0629621
Organization Overview
Ddmba La Foundation is located in El Monte, CA. The organization was established in 2007. 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, Ddmba LA Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ddmba LA Foundation 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, Ddmba LA Foundation generated $831.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $335.9k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SHARING ITS CHINESE BUDDHISM ZEN VALUES WITH THE COMMUNITY THROUGH GOOD WORKS, TEACHING, AND A SPIRIT OF WELCOMING AND OPENNESS. PEOPLE LEARN AND LIVE THE DHARMA, AND ARE ENCOURAGED TO REACH OUT AND HELP OTHER UNDERSTAND IT. WE ENCOURAGE PARTICIPANTS TO DEVELOPE INNER STILLNESS, CONCENTRATION, AND DEEPER UNDERSTANDING OF THEMSELVES AND THE WORLD TO WHICH THEY HAVE CONNECTED THROUGH DHARMA TALKS AND PRACTICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OPERATES UNDER THE FOLLOWING PHILOSOPHY AND ULTIMATE LONG TERM GOALS. OUR PRINCIPLE UPLIFT THE CHARACTER OF ALL MANKIND, BUILD A PURE LAND ON EARTH. OUR SPIRIT OFFER OURSELVES FOR THE BENEFIT OF ALL. OUR DIRECTION EMBRACE THE ORIGINAL INTENTION OF BUDDHA, ADVANCE THE PURIFICATION OF THE WORLD. OUR METHOD PROMOTE COMPREHENSIVE HUMANITARIAN EDUCATION, DEEPEN THE ROOTS OF KINDNESS AND COMPASSION FOR ALL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chiu Yuk Lan Ven Chang Yue Cfo/security | OfficerTrustee | 40 | $0 |
Hung Hung-Lung Ven Guo Hui President | OfficerTrustee | 40 | $0 |
Chu Hao-Wen Ven Chang Xiang Ceo/vice President | OfficerTrustee | 40 | $0 |
Luh Wen-Song Ven Chang Wu Director | Trustee | 40 | $0 |
Chin Gary Director | Trustee | 8 | $0 |
Lin Sarah Director | Trustee | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $814,925 |
| Investment income | $16,309 |
| 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 | $831,234 |
| 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. | $1,200 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | -$718 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,526 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,125 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $50 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $145,283 |
| Insurance | $33,421 |
| All other expenses | $98,430 |
| Total functional expenses | $335,876 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,880,756 |
| 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 | $400,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $5,249,523 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $55,422 |
| Intangible assets | $0 |
| Other assets | $895 |
| Total assets | $9,586,596 |
| Accounts payable and accrued expenses | $0 |
| 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 | $20,000 |
| Other liabilities | $0 |
| Total liabilities | $20,000 |
| Net assets without donor restrictions | $0 |
| 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 | $9,566,596 |
| Total liabilities and net assets/fund balances | $9,586,596 |