Bliss & Wisdom Charitable Organization
- Assets
- $702.8k
- Revenue
- $747.9k
- Investments
- $0.0
- Employees
- 20
- Location
- Pomona, CA
- Founding
- 03/2018
- Data as of
- 12/2022
- EIN
- 82-1050517
Organization Overview
Bliss & Wisdom Charitable Organization is located in Pomona, CA. The organization was established in 2018. According to its NTEE Classification (Q12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2022, Bliss & Wisdom Charitable Organization employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bliss & Wisdom Charitable Organization 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, Bliss & Wisdom Charitable Organization generated $747.9k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 20.5% each year . All expenses for the organization totaled $747.7k 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
ENCOURAGE THE PURSUIT OF HAPPINESS AND IMPROVE QUALITY OF LIFE BY PROVIDING MORAL AND CHARACTER EDUCATION THROUGHOUT DIFFERENT STAGES IN LIFE. MATERIALS USED MAY INCLUDE BUT NOT LIMITED TO BUDDHISM, AND EASTERN AND WESTERN PHILOSOPHIES. PROMOTE HEALTHY AND HARMONIOUS LIVING AMONG HUMANS, ANIMALS AND NATURE BY RAISING AWARENESS AND TAKING ACTIONS TO PROTECT LIVES AND THE NATURAL ENVIRONMENT. ENGENDER BENEVOLENT GOODWILL AND ALTRUISM BY ENGAGING THE COMMUNITY TO HELP THOSE WHO ARE SUFFERING OR IN NEED. BRING VIRTUE AND WARMTH BY WAYS OF CULTURAL AND ARTISTIC CREATIONS TO MAKE THIS WORLD BEAUTIFUL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENCOURAGE THE PURSUIT OF HAPPINESS AND IMPROVE QUALITY OF LIFE BY PROVIDING MORAL AND CHARACTER EDUCATION THROUGHOUT DIFFERENT STAGES IN LIFE. MATERIALS USED MAY INCLUDE BUT NOT LIMITED TO BUDDHISM, AND EASTERN AND WESTERN PHILOSOPHIES. PROMOTE HEALTHY AND HARMONIOUS LIVING AMONG HUMANS, ANIMALS AND NATURE BY RAISING AWARENESS AND TAKING ACTIONS TO PROTECT LIVES AND THE NATURAL ENVIRONMENT. ENGENDER BENEVOLENT GOODWILL AND ALTRUISM BY ENGAGING THE COMMUNITY TO HELP THOSE WHO ARE SUFFERING OR IN NEED. BRING VIRTUE AND WARMTH BY WAYS OF CULTURAL AND ARTISTIC CREATIONS TO MAKE THIS WORLD BEAUTIFUL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Young Sen Lin President & CEO | OfficerTrustee | 40 | $35,408 |
Theresa Shu Li CFO | OfficerTrustee | 40 | $29,072 |
Rosa Li Tse Secretary | OfficerTrustee | 30 | $0 |
Elaine Lo Director | Trustee | 10 | $0 |
Ta Chun Cho Chairman | Trustee | 10 | $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 | $635,389 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $635,389 |
| Total Program Service Revenue | $110,049 |
| Investment income | $109 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,373 |
| Net Gain/Loss on Asset Sales | $867 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $747,898 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $20,185 |
| 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. | $64,480 |
| Compensation of current officers, directors, key employees. | $46,747 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $108,615 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,298 |
| 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 | $1,108 |
| Office expenses | $3,583 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $145,226 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,580 |
| Insurance | $12,589 |
| All other expenses | $88,233 |
| Total functional expenses | $747,712 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,795 |
| Savings and temporary cash investments | $504,337 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,734 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,755 |
| Prepaid expenses and deferred charges | $2,851 |
| Net Land, buildings, and equipment | $155,608 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $20,000 |
| Other assets | $11,742 |
| Total assets | $702,822 |
| Accounts payable and accrued expenses | $830 |
| 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 | $36,573 |
| Total liabilities | $37,403 |
| Net assets without donor restrictions | $665,419 |
| 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 | $702,822 |
Grants Awarded
Over the last fiscal year, Bliss & Wisdom Charitable Organization has awarded $24,820 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
GODS PANTRY PURPOSE: Charity | $7,820 |
HARVEST ROCK FOUNDATION PURPOSE: Charity | $17,000 |