Minghui Publishing Center Corporation
- Assets
- $965.7k
- Revenue
- $189.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Ramsey, NJ
- Founding
- 11/2018
- Data as of
- 12/2021
- EIN
- 82-5027765
Organization Overview
Minghui Publishing Center Corporation is located in Ramsey, NJ. The organization was established in 2018. According to its NTEE Classification (X83) the organization is classified as: Religious Printing & Publishing, 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. Minghui Publishing Center Corporation 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, Minghui Publishing Center Corporation generated $189.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (30.8%) each year. All expenses for the organization totaled $194.2k during the year ending 12/2021. 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
FOR PURPOSES UNDER 501(C)(3), AND TO PUBLISH BOOKS, MAGAZINES, AND OTHER INFORMATION, AND TO UNDERTAKE OTHER RELATED ACTIVITIES, IN REGARD TO (1) THE BENEFITS OF PRACTICING FALUN DAFA, (2) FIRST-HAND INFORMATION ON THE PERSECUTION OF FALUN GONG, (3) SELF-CULTIVATION RELATED TRADITIONAL CULTURES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOR PURPOSES UNDER 501(C)(3), AND TO PUBLISH BOOKS, MAGAZINES, AND OTHER INFORMATION, AND TO UNDERTAKE OTHER RELATED ACTIVITIES, IN REGARD TO (1)THE BENEFITS OF PRACTICING FALUN DAFA, (2) FIRST-HAND INFORMATION ON THE PERSECUTION OF FALUN GONG, (3) SELF-CULTIVATION RELATED TRADITIONAL CULTURES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shantao Lai Member | Officer | $0 | |
Sue Meng Officer | Officer | $0 | |
Jinduan Yang Member | Officer | $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 | $188,999 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $188,999 |
| Total Program Service Revenue | $0 |
| Investment income | $34 |
| 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 | $189,033 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $43,806 |
| Advertising and promotion | $0 |
| Office expenses | $2,337 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,986 |
| Travel | $23 |
| 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 | $22,501 |
| Insurance | $4,977 |
| All other expenses | $414 |
| Total functional expenses | $194,166 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,943 |
| Savings and temporary cash investments | $366,698 |
| 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 | $0 |
| Net Land, buildings, and equipment | $582,062 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $965,703 |
| Accounts payable and accrued expenses | $12 |
| 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 | $0 |
| Total liabilities | $12 |
| Net assets without donor restrictions | $965,691 |
| 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 | $965,703 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Minghui Publishing Center Corporation has recieved totaling $67,000.
| Awarding Organization | Amount |
|---|---|
Mythical Lotus Foundation San Jose, CA PURPOSE: To provide additional support | $50,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $17,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Barnabas Fund Lancaster, PA | $1,202,815 | $6,473,127 |
Nextbook Inc New York, NY | $1,137,496 | $6,280,480 |
Pocket Testament League Inc Lititz, PA | $2,734,106 | $3,853,186 |
Commentary Inc New York, NY | $6,537,680 | $2,900,591 |
Swedenborg Foundation Inc West Chester, PA | $21,667,132 | $1,952,977 |
Paulist Press Inc Mahwah, NJ | $4,505,578 | $989,159 |
Moments With The Book Bedford, PA | $1,455,077 | $1,921,341 |
Presbyterian & Reformed Publishing Co Phillipsburg, NJ | $5,247,235 | $1,819,033 |
Heralds Of Hope Inc Breezewood, PA | $2,281,668 | $2,027,863 |
Chayenu Inc Brooklyn, NY | $453,060 | $1,363,073 |
Catholic Star Herald Camden, NJ | $352,087 | $1,261,448 |
Ohr Olam Corp Lawrence, NY | $93,454 | $931,761 |