Borisa Zen Center

Tax-deductible

Las Vegas, NV501(c)(3)ReligionEIN 11-3825764Revenue $490K in FY2024

On file with the IRS4662 W Warm Springs Rd, 89118-5032 · Las Vegas, NVTax-exempt since Jun 2008Church — 170(b)(1)(A)(i)

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to share the teaching of the Buddha to all those who seek the knowledge and the truth of the Buddha and provide the general welfare

501(c)(3) charity; gifts are tax-deductible.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 4
filings with a surplus
Average surplus $202K a year · 60% of revenue · last 4 filings
Looks good: a surplus in 4 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
21 mo
of spending, in cash
Looks good: 20.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $117K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$490K
+24% vs prior year
Spent
$165K
To programs
0%
Net assets
$284K
By yearFY2020–FY2024
Revenue
$490K
FY2024▲ +24%
Tap a bar for its year
Revenue by fiscal year
FY2020$221K
FY2021$232K
FY2022$396K
FY2024$490K
Expenses
$165K
FY2024▲ +44%
Tap a bar for its year
Expenses by fiscal year
FY2020$127K
FY2021$127K
FY2022$114K
FY2024$165K
Net assets
$284K
FY2024▲ +172%
Tap a bar for its year
Net assets by fiscal year
FY2020$23K
FY2021$54K
FY2022$104K
FY2024$284K

From the FY2024 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2008.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

What each dollar paid for.

Management & general 100% · $165K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

1 person listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A

Sun Jung Park’s $1K as President is at the 1st percentile of top reported officer pay among 2133 $100K–1M religion nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Shares Buddha's teachings and provides general welfare to seekers of truth.

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Provided by the organization

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1 program · in their own filed words · FY2024
01

Conducted weekly meditation sessions, dharma teachings, and community tudy programs to promote understanding of the Buddhas teachings.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$117K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$490K
Ln 12
Gifts and grantsLn 1h$490K
Money outPt IX
$165K
Ln 25
Managementcol C$165K
Owns and owesPt X
$284K
net assets · Ln 32
Cash and savingsLn 1–2$284K
Total assetsLn 16$284K
LiabilitiesLn 26$0
PeoplePt VI, VII
1
listed · VII A
PaidVII A0
Voting boardVI 1a0
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$490K
Total revenueLn 12$490K
Assets in detailPt X, end of year
CashLn 1$284K
Cash and savings togetherLn 1–2$284K
Total assetsLn 16$284K
LiabilitiesLn 26$0
Net assetsLn 32$284K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$284K
Total assetsLn 16$0$284K
LiabilitiesLn 26$0$0
Net assetsLn 32$0$284K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$31K$31K
Payroll taxesLn 10$7K$7K
Legal feesLn 11b$13K$13K
Advertising and promotionLn 12$900$900
TravelLn 17$17K$17K
Conferences, conventions and meetingsLn 19$15K$15K
Other expenses (24a–d)Ln 24$80K$80K
Total functional expensesLn 25$165K$0$165K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $490K$165K$326K$284K 990 PDF
FY2023 Not on file
FY2022 $396K$114K$282K$104K 990 PDF
FY2021 $232K$127K$105K$54K 990 PDF
FY2020 $221K$127K$94K$23K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $490,490 revenue, 12 lines filed
I-8 Contributions and grants$490,490
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$490,490
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$38,208
I-16a Professional fundraising fees$0
I-17 Other expenses$126,316
I-18 Total expenses$164,524
I-19 Revenue less expenses$325,966
Part VI · Governance no flags
VI-1a Voting members of the governing body0
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $490,490 across 4 lines filed
VIII-1f All other contributions, gifts and grants$490,490
VIII-1h Total contributions, gifts and grants$490,490
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$490,490
Part IX · Statement of functional expenses $164,524 across 7 lines filed
IX-7 Other salaries and wagesManagement $31,389$31,389
IX-10 Payroll taxesManagement $6,819$6,819
IX-11b Legal feesManagement $13,116$13,116
IX-12 Advertising and promotionManagement $900$900
IX-17 TravelManagement $16,924$16,924
IX-19 Conferences, conventions and meetingsManagement $15,328$15,328
IX-24 Other expenses (24a–d)Management $80,048$80,048
IX-25 Total functional expensesPrograms $0 · Management $164,524 · Fundraising $0$164,524
Part X · Balance sheet $283,867 assets, 6 lines filed
X-1 Cash, non-interest-bearing$283,867
X-16 Total assetsStart of year $0$283,867
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictions$283,867
X-32 Total net assets or fund balancesStart of year $0$283,867
X-33 Total liabilities and net assetsStart of year $0$283,867
Part XI · Reconciliation of net assets $283,867 net assets at year end
XI-1 Total revenue$490,490
XI-2 Total expenses$164,524
XI-3 Revenue less expenses$325,966
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$283,867

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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