Mongkoltepmunee Buddist Temple EIN 23-2316606 Form 990 (PDF) Claim this org

Mongkoltepmunee Buddist Temple

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Promotes Buddhist teachings, meditation, Thai culture, ceremonies, and language. For fiscal year 2024 it reported $465K in revenue, $376K in expenses, and $6.2M in net assets.Pt I

Type
Religious organization · Religion
Location
Bensalem, PA
Website
www.watthaiphila.org
Filings
5 on file (2020–2024)
Revenue
$465KFY2024
Expenses
$376K
Net assets
$6.2M
People
4
Filings
5
Updates
0
More identity details & actions ⌄
EIN  23-2316606 Religious organization Bensalem, PA
Form 990 (PDF)
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Size
$100K–1M
What they do
Promotes Buddhist teachings, meditation, Thai culture, ceremonies, and language.
Leadership
Nom Kalasang · President
Money in and out
$465K revenue, $376K expenses
Bottom line
88% program efficiency
Where the money goes · FY2024
Total revenue
$465K
Pt VIII · Ln 12
Total expenses
$376K
Pt IX · Ln 25
Net assets
$6.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $89K
Where spending went · Part IX cols B–D
Program services $0.88 Management & general $0.12
Program efficiency
88%
of spending reaches programs+0.3% vs prior filing year
Operating runway
69.7mo
months of highly liquid reserves at operating expense rate▲ +25% vs prior filing year
Surplus margin
+19%
revenue over expenses, this year▲ +272% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$465K
FY2024▲ +7%
Expenses
$376K
FY2024▼ -8%
Total assets
$6.2M
FY2024▲ +2%
Total liabilities
$7K
FY2024▲ +380%
Total revenue
$465K
Pt VIII · Ln 12
Total expenses
$376K
Pt IX · Ln 25
Net assets
$6.2M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$89K
Total assetsPt X · Ln 16$6.2M
Program-expense ratioPt IX · col B88%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMongkoltepmunee Buddist Temple
EINHdr · item D23-2316606
Principal addressHdr · item CBensalem, PA
WebsiteHdr · item Jwww.watthaiphila.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MPA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFReligion (X500)
Ruling yearIRS BMFJan 1986

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Admin Office
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

3 program services account for $24K of program spending, described in the organization's own filed words · FY2024.
01

Thai Fair

Event to promote thai culture and food.

$12Kprogram expense
02

Kathin Ceremony

This ceremony is held during the four weeks that follow the conclusion of the three-month retreat of each year. Buddhists consider this ceremony - as one of the most significant forms of merit-making by offering new robs to the monks.

$8Kprogram expense
03

Rattanamatee Memorial Service

The service to honor our temple's first abbot and founder.

$4Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$337K · 73%
Investment income$90K · 19%
Contributions & grants$36K · 8%
Program service revenue73%$337K
Investment income19%$90K
Contributions & grants8%$36K
Other revenue$2K
Total revenueLn 12$465K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.88 Management & general $0.12
Program services88%$332K
Management & general12%$44K
Total functional expensesLn 25$376K

Balance Sheet

Part X · end of year
CashLn 1$2.2M
Total assetsLn 16$6.2M
Total liabilitiesLn 26$7K
Total net assetsLn 32$6.2M
Months of cash on handcomputed69.7

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $2.2M · Operating expenses/yr $376K
69.7 months
Where the money goes
Program services
Program services $332K · Total expenses $376K
88%
Management & General
Management & general $44K · Total expenses $376K
12%
Fundraising
Fundraising $0 · Total expenses $376K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $42K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $36K · Total revenue $465K
8%
Government reliance
Government grants — · Total revenue $465K
Earned-income share
Program service revenue $337K · Total revenue $465K
73%
Investment reliance
Investment income $90K · Total revenue $465K
+19%
Program self-sufficiency
Program service revenue $337K · Total expenses $376K
90%
Growth & trend
Revenue growth (YoY)
This year $465K · Prior year $433K
+7%
Revenue CAGR
FY2020 $340K · FY2024 $465K
+8%
Net-asset trend (YoY)
End of year $6.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $465K · Expenses $376K
+19%
Liabilities-to-Assets
Total liabilities — · Total assets $6.2M
Net-asset ratio
Net assets $6.2M · Total assets $6.2M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $6.2M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Nom Kalasang · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $376K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $376K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 88%
Overhead ratio 12%
Fundraising cost ratio 0%
Revenue growth 7%
Accounting fee ratio 0.4%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$1K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$465K revenue · viewing · ⤓ 990 PDF
FY2023$433K revenue · ⤓ 990 PDF
FY2022$320K revenue · ⤓ 990 PDF
FY2021$528K revenue · ⤓ 990 PDF
FY2020$340K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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