New Century Foundation
- Assets
- $20.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- San Jose, CA
- Founding
- 02/2002
- Data as of
- 12/2021
- EIN
- 91-2152100
Organization Overview
New Century Foundation is located in San Jose, CA. The organization was established in 2002. 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. New Century 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 12/2021, New Century Foundation generated $7.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (45.3%) each year. All expenses for the organization totaled $21.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (37.9%) per year over the past 6 years. 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
2021
Describe the Organization's Program Activity:
Part 3
VARIOUS ON-LINE YOGA OF JOY & VAJRA WIND BREATHING PRACTICE SESSIONS TO HELP PEOPLE TO CULTIVATE INNER WISDOM; A MANTRA RECORDING PROGRAM TO HELP PRACTIONERS TO MAINTAIN AND ACHIEVE INNER PEACE AND REALIZE THEIR TRUE NATURES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jorge Torres Operational Director | 40 | $0 | |
Miao Yuan Executive Director | 40 | $0 | |
Emilia Wang Director, Secretary And Treasurer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,557 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | -$9,600 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $6,957 |
| 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 | $14,248 |
| Occupancy, rent, utilities, and maintenance | $17 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $7,558 |
| Total expenses | $21,823 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $19,337 |
| Other assets | $0 |
| Total assets | $20,263 |
| Total liabilities | $0 |
| Net assets or fund balances | $20,263 |
Peer Organizations
| 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 |