Phap Lac Inc
- Assets
- $32.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Clermont, FL
- Founding
- 05/2019
- Data as of
- 12/2022
- EIN
- 83-0546530
Organization Overview
Phap Lac Inc is located in Clermont, FL. The organization was established in 2019. 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. Phap Lac 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 12/2022, Phap Lac Inc generated $105.6k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 8.5% each year. All expenses for the organization totaled $78.6k during the year ending 12/2022. While expenses have increased by 5.6% per year over the past 5 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PRACTICE, DEVELOPE AND MAINTAIN THE BUDHISM THEORY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linh-Tuyen N Vo Director | 40 | $0 | |
Linh-Uyen N Vo Secretary | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $105,647 |
| 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 | $105,647 |
| 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 | $2,630 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $76,016 |
| Total expenses | $78,646 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $32,509 |
| Other assets | $0 |
| Total assets | $32,509 |
| Total liabilities | $0 |
| Net assets or fund balances | $32,509 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Phap Lac Inc has recieved totaling $50,912.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: Unrestricted | $25,456 |
Network For Good Inc Washington, DC PURPOSE: Unrestricted | $25,456 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wat Mongkolratanaram Of Fl Thai Buddhist Temple Interbay Area Fl Tampa, FL | $3,597,133 | $569,861 |
Florida Mediation Center Inc Plant City, FL | $2,757,164 | $497,078 |
Tu Vien Truc Lam Buddhist Central Inc Riverdale, GA | $1,941,563 | $418,470 |
Phap Vu Buddhist Cultural Centre Of Florida Inc Orlando, FL | $3,947,347 | $593,365 |
Sangha Bhiksu Buddhist Association Lawrenceville, GA | $1,683,037 | $360,966 |
Georgia Meditation Center Inc Atlanta, GA | $2,923,465 | $320,641 |
Vietnamese - American Buddhist Association Niem Xu Thien Vien Inc Leesburg, FL | $6,260,827 | $2,030,172 |
Wat Florida Dhammaram Inc Kissimmee, FL | $3,368,032 | $440,215 |
Phuoc Hoa Buddhist Center Inc Fort Myers, FL | $2,231 | $0 |
Dieu Nhan Buddhist Monastery Cocoa, FL | $2,899 | $0 |
Alexander Foundation Formless Heartfellowship Inc Miami, FL | $25,926 | $0 |
Vietnamese Buddhist Cultural Center Of Florida Inc Fort Lauderdale, FL | $0 | $0 |