True Buddha Dharma Academy
- Assets
- $7.1k
- Revenue
- $11.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Rancho Cucamonga, CA
- Founding
- Data as of
- 12/2023
- EIN
- 92-3226970
Organization Overview
True Buddha Dharma Academy is located in Rancho Cucamonga, CA. 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. True Buddha Dharma Academy is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE EDUCATION OF BUDDHISM TO THE PUBLIC
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOLY LAND OFFERING FUND: THIS FUND WAS ESTABLISHED BECAUSE THE WORLD BUDDHIST HEADQUARTERS HAS A BUDDHA MEMORIAL HOLY SITE AT ROSEMEAD, SHERE OCCASIONAL CHANTING CEREMONIES AND BUDDHIST RITUALS ARE HELD ON BUDDHIST COMMEMORATIVE DAYS. MANY BUDDHISTS ATTENE THESE CEREMONIES TO PAY THEIR RESPECTS TO THE BUDDHA AND ADORN THE SACRED SITE. ATTENDEES BRING FRESH FLOWERS, FRUITS AND OTHER OFFERINGS TO SIGNIFY THEIR REFERENCE. TRUE BUDDHA DHAMA ACADEMY HAS FOLLOWERS IN OTHER COUNTRIES WHO ARE UNABLE TO ATTEND THE COMMEMORATIVE EVENTS AT ROSEMEAD IN PERSON. THEREFORE, THESE FOLLOWERS DONATE VARYING AMOUNTS TO THE HOLY LAND OFFERING FUND. THE FUND IS USED EXCLUSIVELY FOR OFFERING PURCHASES AND IS NOT DIVERTED FOR OTHER PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Po Ching Tseng CEO | Officer | 40 | $0 |
Zhiqiang Yang Secretary | Officer | 20 | $0 |
Te-Jen Ho CFO | Officer | 20 | $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 | $8,224 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,224 |
| Total Program Service Revenue | $2,967 |
| Investment income | $0 |
| 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 | $11,191 |
| 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 | $1,135 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $10 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $154 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,849 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,816 |
| Savings and temporary cash investments | $1,400 |
| 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 | $926 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,142 |
| Accounts payable and accrued expenses | $1,006 |
| 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 | $1,006 |
| Net assets without donor restrictions | $3,169 |
| Net assets with donor restrictions | $2,967 |
| 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 | $7,142 |