Chi Sin Buddhist & Taoist Association
- Assets
- $5.5m
- Revenue
- $384.7k
- Investments
- $0.0
- Employees
- 4
- Location
- San Francisco, CA
- Founding
- 07/1979
- Data as of
- 03/2022
- EIN
- 94-2378427
Organization Overview
Chi Sin Buddhist & Taoist Association is located in San Francisco, CA. The organization was established in 1979. According to its NTEE Classification (X50) the organization is classified as: Buddhism, under the broad grouping of Religion-Related and related organizations. As of 03/2022, Chi Sin Buddhist & Taoist Association employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chi Sin Buddhist & Taoist Association 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 03/2022, Chi Sin Buddhist & Taoist Association generated $384.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $402.9k during the year ending 03/2022. 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
THE ASSOCIATION IS A BUDDHIST/TAOIST TEMPLE LOCATED IN SAN FRANCISCO CHINATOWN. IT PROVIDES A RELIGIOUS PLACE FOR THE CHINESE AND OTHER NATIONALS TO OFFER WORSHIP TO THE BUDDHA AND OTHER RELIGIOUS DIETY. IT PROVIDES RELIGIOUS RITUALS TO BRING PEACE AND COMFORT TO THE DECEASED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TENS AND THOUSANDS OF PEOPLE HAVE PAID VISITS AND TRIBUTES AT OUR PLACE. WE HELP PEOPLE WHOSE RELATIVES DIED OF NATURAL OR UNNATURAL CAUSES TO HAVE PEACE IN HEAVEN BY PERFORMING CERTAIN CHINESE RITUALS, INCLUDING READING OF CHINESE PSALMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chung Wing Hui President | OfficerTrustee | 64 | $90,000 |
Sim Szeto Secretary | OfficerTrustee | 64 | $60,000 |
Chor Ying Lee Vice President | OfficerTrustee | 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 | $71,028 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $71,028 |
| Total Program Service Revenue | $227,771 |
| Investment income | $327 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $85,580 |
| 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 | $384,706 |
| 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. | $150,000 |
| Compensation of current officers, directors, key employees. | $15,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,200 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,360 |
| Payroll taxes | $15,688 |
| 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 | $1,376 |
| Office expenses | $2,000 |
| 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 | $41,053 |
| Insurance | $43,633 |
| All other expenses | $25,780 |
| Total functional expenses | $402,945 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $802,819 |
| Savings and temporary cash investments | $131,237 |
| 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 | $21,861 |
| Net Land, buildings, and equipment | $4,500,573 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,773 |
| Total assets | $5,463,263 |
| Accounts payable and accrued expenses | $30,077 |
| 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 | $30,077 |
| Net assets without donor restrictions | $5,433,186 |
| 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 | $5,463,263 |
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|---|---|---|
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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 |
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Bat Nha Meditation Institute Of America Santa Ana, CA | $4,101,645 | $975,241 |