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Mongkoltepmunee Buddist Temple FY2023 filing

Tax-deductible

Bensalem, PA501(c)(3)ReligionEIN 23-2316606

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The mongkol tepmunee buddhist Temple was established to promote the teachings, practice and understanding of buddhism, meditation, thai culture, ceremonies, and the thai language.

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
3 of 5
filings with a surplus
Average surplus $41K a year · 10% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
56 mo
of spending, in cash
Looks good: 55.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $1K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1K
0.02% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$433K
+35% vs prior year
Spent
$411K
To programs
88%
Net assets
$6.1M
By yearFY2020–FY2024
Revenue
$433K
FY2023▲ +35%
Revenue by fiscal year
FY2020$340K
FY2021$528K
FY2022$320K
FY2023$433K
FY2024$465K
Expenses
$411K
FY2023▲ +2%
Expenses by fiscal year
FY2020$378K
FY2021$314K
FY2022$404K
FY2023$411K
FY2024$376K
Net assets
$6.1M
FY2023▲ +0.8%
Net assets by fiscal year
FY2020$6.0M
FY2021$6.2M
FY2022$6.0M
FY2023$6.1M
FY2024$6.2M

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1986.

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

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $362K Management & general 12% · $49K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
Nom Kalasang
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Laothong Puenpa
Admin Office
$0Pt VII · Sec A
$0Pt VII · Sec A
See Mongkoltepmunee Buddist Temple executive salaries →

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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 15aNo

Programs and updates

Promotes Buddhist teachings, meditation, Thai culture, ceremonies, and language.

Provided by the organization

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3 programs · $26K · in their own filed words · FY2023
01

Thai Fair

Event to promote thai culture and food.

$13Kprogram 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.

$5Kprogram expense

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 · FY2023
Bank of America Charitable Foundation INCFY2023$1K
Total grants receivedfrom 1 funder$1K

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$433K
Ln 12
Fees for servicesLn 2g$316K
Investment incomeLn 3$72K
Gifts and grantsLn 1h$44K
Money outPt IX
$411K
Ln 25
Programscol B$362K
Managementcol C$49K
Owns and owesPt X
$6.1M
net assets · Ln 32
Cash and savingsLn 1–2$1.9M
Total assetsLn 16$6.1M
LiabilitiesLn 26$1K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$44K
Fees for servicesLn 2g$316K
Investment incomeLn 3$72K
Other incomeLn 4–11$2K
Total revenueLn 12$433K
Assets in detailPt X, end of year
CashLn 1$24K
SavingsLn 2$1.9M
Cash and savings togetherLn 1–2$1.9M
Land, buildings, equipmentLn 10c$4.2M
Total assetsLn 16$6.1M
LiabilitiesLn 26$1K
Net assetsLn 32$6.1M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$1.7M$1.9M
Land, buildings, equipmentLn 10c$4.3M$4.2M
Total assetsLn 16$6.0M$6.1M
LiabilitiesLn 26$7K$1K
Net assetsLn 32$6.0M$6.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$2K$2K
Accounting feesLn 11c$2K$2K
Office expensesLn 13$5K$5K
OccupancyLn 16$57K$51K$6K
TravelLn 17$28K$27K$1K
Depreciation, depletion and amortizationLn 22$171K$164K$7K
InsuranceLn 23$8K$8K
Other expenses (24a–d)Ln 24$124K$105K$19K
All other expensesLn 24e$15K$5K$10K
Total functional expensesLn 25$411K$362K$49K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $465K$376K$89K$6.2M 990 PDF
FY2023 Viewing $433K$411K$22K$6.1M 990 PDF
FY2022 $320K$404K−$84K$6.0M 990 PDF
FY2021 $528K$314K$213K$6.2M 990 PDF
FY2020 $340K$378K−$38K$6.0M 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 FY2023 990 (4 parts)
Part VIII · Statement of revenue $433,411 across 6 lines filed
VIII-1f All other contributions, gifts and grants$44,278
VIII-1h Total contributions, gifts and grants$44,278
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $315,621$315,621
VIII-3 Investment incomeRelated to mission $71,862$71,862
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,650$1,650
VIII-12 Total revenueRelated to mission $389,133$433,411
Part IX · Statement of functional expenses $411,145 across 9 lines filed
IX-1 Grants to domestic organizationsPrograms $1,500$1,500
IX-11c Accounting feesManagement $1,575$1,575
IX-13 Office expensesManagement $5,434$5,434
IX-16 OccupancyPrograms $51,047 · Management $5,672$56,719
IX-17 TravelPrograms $26,731 · Management $1,114$27,845
IX-22 Depreciation, depletion and amortizationPrograms $164,054 · Management $7,028$171,082
IX-23 InsurancePrograms $8,040$8,040
IX-24 Other expenses (24a–d)Programs $105,008 · Management $18,693$123,701
IX-24e All other expensesPrograms $5,318 · Management $9,931$15,249
IX-25 Total functional expensesPrograms $361,698 · Management $49,447 · Fundraising $0$411,145
Part X · Balance sheet $6,070,614 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $27,070$24,223
X-2 Savings and temporary cash investmentsStart of year $1,682,996$1,889,593
X-9 Prepaid expenses and deferred chargesStart of year $1,295$1,349
X-10c Land, buildings and equipment, netStart of year $4,315,369$4,155,449
X-16 Total assetsStart of year $6,026,730$6,070,614
X-17 Accounts payable and accrued expensesStart of year $7,306$1,481
X-26 Total liabilitiesStart of year $7,306$1,481
X-27 Net assets without donor restrictionsStart of year $5,782,900$5,763,927
X-28 Net assets with donor restrictionsStart of year $236,524$305,206
X-32 Total net assets or fund balancesStart of year $6,019,424$6,069,133
X-33 Total liabilities and net assetsStart of year $6,026,730$6,070,614
Part XI · Reconciliation of net assets $6,069,133 net assets at year end
XI-1 Total revenue$433,411
XI-2 Total expenses$411,145
XI-3 Revenue less expenses$22,266
XI-4 Net assets at start of year$6,019,424
XI-9 Other changes in net assets$27,443
XI-10 Net assets at end of year$6,069,133

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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