Buddhist Churches Of America-Endow
- Assets
- $48.2m
- Revenue
- $3.0m
- Investments
- $30.3m
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 03/1967
- Data as of
- 12/2021
- EIN
- 94-2857583
Organization Overview
Buddhist Churches Of America-Endow is located in San Francisco, CA. The organization was established in 1967. 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 a subordinate organization within an affiliated group for tax-exemption purposes. Buddhist Churches Of America-Endow 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, Buddhist Churches Of America-Endow generated $3.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $1.5m during the year ending 12/2021. While expenses have increased by 1.8% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSES OF THIS CORPORATION ARE TO SECURE A SOUND FINANCIAL BASE FOR THE PROPAGATION OF JODO SHINSHU HONGWANJI-HA BUDDHISM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTED THE BUDDHIST CHURCHES OF AMERICA WITH GRANTS OVER $668K.
SUPPORTED THE INSTITUTE OF BUDDHIST STUDIES WITH GRANTS OVER $466K.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hideaki Mizuno Executive Director | Officer | 40 | $108,500 |
Michiko Inanaga Director Of Development | Officer | 30 | $71,739 |
Amada Hamed Development Assistant | Officer | 30 | $36,907 |
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 | $853,445 |
| Noncash contributions included in lines 1a–1f | $58,096 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $853,445 |
| Total Program Service Revenue | $0 |
| Investment income | $2,181,926 |
| 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 | $3,035,371 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,134,771 |
| Grants and other assistance to domestic individuals. | $2,123 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $217,690 |
| Compensation of current officers, directors, key employees. | $217,690 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $7,240 |
| Other employee benefits | $59,060 |
| Payroll taxes | $17,854 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,941 |
| Fees for services: Accounting | $10,380 |
| 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 | $24,094 |
| Information technology | $6,414 |
| Royalties | $0 |
| Occupancy | $9,468 |
| Travel | $1,475 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $725 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,117 |
| All other expenses | $220 |
| Total functional expenses | $1,503,347 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $579,812 |
| Pledges and grants receivable | $394,996 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,284,904 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,400 |
| Investments—publicly traded securities | $13,641,159 |
| Investments—other securities | $30,319,663 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $48,222,934 |
| Accounts payable and accrued expenses | $11,629 |
| 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 | $24,198,150 |
| Total liabilities | $24,209,779 |
| Net assets without donor restrictions | $4,827,848 |
| Net assets with donor restrictions | $19,185,307 |
| 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 | $48,222,934 |
Grants Awarded
Over the last fiscal year, Buddhist Churches Of America-Endow has awarded $1,031,320 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Berkeley, CA PURPOSE: Buddhist Education | $540,924 |
San Francisco, CA PURPOSE: Propagation of Shin Buddhism | $490,396 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Buddhist Churches Of America-Endow has recieved totaling $1,012,096.
| Awarding Organization | Amount |
|---|---|
Folick Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $1,000,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: RELIGION RELATED | $12,050 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $46 |
Endowment Analysis
| Beg. Balance | $20,754,847 |
| Earnings | $2,181,926 |
| Admin Expense | $366,452 |
| Net Contributions | $2,223,554 |
| Other Expense | $2,123 |
| Grants | $1,134,771 |
| Ending Balance | $23,656,981 |
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 |