Buddhist Tzu Chi Education Foundation
- Assets
- $3.1m
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 120
- Location
- Walnut, CA
- Founding
- 05/1997
- Data as of
- 12/2023
- EIN
- 95-4579268
Organization Overview
Buddhist Tzu Chi Education Foundation is located in Walnut, CA. The organization was established in 1997. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2023, Buddhist Tzu Chi Education Foundation employed 120 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Buddhist Tzu Chi Education 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 12/2023, Buddhist Tzu Chi Education Foundation generated $6.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $6.1m during the year ending 12/2023. While expenses have increased by 6.7% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE EDUCATION FOUNDATION OPERATES PRESCHOOLS, KINDERGARTENS, ELEMENTARY SCHOOLS, CHARACTER EDUCATION AND CAMPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Master Shih Der Fan Chairman | Trustee | 10 | $0 |
Master Shih Der Chien Director | Trustee | 10 | $0 |
Master Shih Der Ke Director | Trustee | 10 | $0 |
Jing-Yuan Hsiao Director | Trustee | 10 | $0 |
Jing-Hong Su Director | Trustee | 10 | $0 |
Chung-Yi Chang Director | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $73,785 |
| Government grants | $861,723 |
| All other contributions, gifts, grants, and similar amounts not included above | $38,994 |
| Noncash contributions included in lines 1a–1f | $4,992 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $974,502 |
| Total Program Service Revenue | $5,027,615 |
| Investment income | $86,785 |
| 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 | $15,789 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,108,392 |
| 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 | $3,889,636 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $526,400 |
| Payroll taxes | $300,071 |
| 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 | $137,587 |
| Advertising and promotion | $6,125 |
| Office expenses | $198,088 |
| Information technology | $17,449 |
| Royalties | $0 |
| Occupancy | $94,800 |
| Travel | $38,346 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,981 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,516 |
| Insurance | $0 |
| All other expenses | $185,531 |
| Total functional expenses | $6,114,828 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,069,776 |
| Savings and temporary cash investments | $1,510,717 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $38,149 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $171,335 |
| Prepaid expenses and deferred charges | $27,236 |
| Net Land, buildings, and equipment | $228,410 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,028 |
| Total assets | $3,050,651 |
| Accounts payable and accrued expenses | $291,710 |
| Grants payable | $0 |
| Deferred revenue | $455,942 |
| 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 | $56,915 |
| Total liabilities | $804,567 |
| Net assets without donor restrictions | $2,246,084 |
| 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 | $3,050,651 |