Buddhist Ortho-Creed Association Dharma Seal Temple
- Assets
- $15.3m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 11
- Location
- Rosemead, CA
- Founding
- 11/1978
- Data as of
- 06/2022
- EIN
- 95-3285570
Organization Overview
Buddhist Ortho-Creed Association Dharma Seal Temple is located in Rosemead, CA. The organization was established in 1978. According to its NTEE Classification (X50) the organization is classified as: Buddhism, under the broad grouping of Religion-Related and related organizations. As of 06/2022, Buddhist Ortho-Creed Association Dharma Seal Temple employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Buddhist Ortho-Creed Association Dharma Seal Temple 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 06/2022, Buddhist Ortho-Creed Association Dharma Seal Temple generated $1.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $982.2k during the year ending 06/2022. 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
RELIGIOUS ORGANIZATION - BUDDHIST TEMPLE MISSION: STRIVE TO ACHIEVE THE GOAL OF PROPAGATING DHARMA AND FULFILL THE MONASTIC MISSION OF "TAKING UP THE CAREER OF BENEFITING ALL SENTIENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
ARTICLES AND EVENTS CALENDAR, NOTICES, VIDEOS PREACHING BUDDHISM ARE ALSO POSTED ONLINE IN WWW.FAYIN.US . MEMBERS WROTE ARTICLES OF CURRENT INTEREST PERTAINING TO RELIGIOUS NEWS AND CULTIVATION. ARTICLES PUBLISHED IN WEBSITE TO FURTHER THE INTEREST OF BUDDHISM WORSHIPPING. BUDDHISM ARTICLE ONLINE HAVE 9125 ONLINE VIEWS.
FIFTY-TWO SUNDAY SERVICE PERFORMED ONLINE AND HAVE 24240 ATTENDANCE. TEACH AND CULTIVATE PEOPLE HAVING MORE CONSIDERATION FOR ALL BEINGS AND DOING MORE FOR ALL BEINGS. BUDDHIST LECTURES PERFORMED ONLINE HAVE TWELVE THOUSAND ATTENDANCE. THE TEMPLE MAINTAIN A LIBRARY OF BUDDHISM AND OPEN TO PUBLIC BUT TEMPORARY CLOSED MOST OF THE TIME DUE TO COVID-19 AND LOCAL GOVERNMENT HEALTH REGULATION ORDER. THE LIBRARY HAS 7058 MEMBERS.
CHILDREN BUDDHIST CHINESE LEARNING CLASSES CLASSES GROUPS ON SUNDAY ARE TEMPORARY CLOSED DUE TO COVID-19. YOUTH GROUP HAVE ONE ONLINE SESSION TALK ABOUNT "MANY FORMS OF MEDITATION". THE EVENT HAVE 407 ATTENDEES.
PROVIDED FIVE TIME FREE CLINIC VACCINATION EVENTS COORDINATED WITH WEALTH BY HEALTH TAX-EXEMPT ORGANIZATION SERVED 733 PERSONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Su C Wu Secretary, Director | OfficerTrustee | 40 | $19,500 |
Pao-Lien Chang Treasurer, Director | OfficerTrustee | 40 | $19,500 |
Hong Zheng President, Director | OfficerTrustee | 40 | $19,500 |
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 | $1,150,947 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,150,947 |
| Total Program Service Revenue | $0 |
| Investment income | $15,465 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $12,839 |
| Net Gain/Loss on Asset Sales | -$9,327 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,169,924 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,500 |
| 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. | $58,500 |
| Compensation of current officers, directors, key employees. | $39,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $57,720 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $58,620 |
| Payroll taxes | $8,891 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,425 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,946 |
| Office expenses | $2,188 |
| Information technology | $24,531 |
| Royalties | $0 |
| Occupancy | $322,806 |
| Travel | $16,853 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,126 |
| Interest | $33 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $249,250 |
| Insurance | $54,398 |
| All other expenses | $0 |
| Total functional expenses | $982,178 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $353,672 |
| Savings and temporary cash investments | $4,371,903 |
| 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 | $10,603,472 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,329,047 |
| Accounts payable and accrued expenses | $2,357 |
| 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 | $1,200 |
| Total liabilities | $3,557 |
| Net assets without donor restrictions | $0 |
| 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 | $62,144 |
| Retained earnings, endowment, accumulated income, or other funds | $15,263,346 |
| Total liabilities and net assets/fund balances | $15,329,047 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Buddhist Ortho-Creed Association Dharma Seal Temple has recieved totaling $6,360.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $6,360 |
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 |