Buddha Bless Temple INC FY2019 filing

Tax-deductible

Louisville, KY501(c)(3)ReligionEIN 33-1149412Revenue $952K in FY2019

On file with the IRS7748 Third St, 40214-0000 · Louisville, KYTax-exempt since Apr 2007Church — 170(b)(1)(A)(i)

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Buddhist Temple - carries out its mission of educating buddhist principles and practices not only to its members but also to public at large in louisville, KY area.

501(c)(3) charity; gifts are tax-deductible.
2¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2019 · 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
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $136K a year · 54% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
2%
of spending
Concern: 2% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.8 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 2 voting members
Concern: none of 2 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$952K
Spent
$395K
To programs
2%
Net assets
$1.4M
By yearFY2019–FY2023
Revenue
$952K
FY2019
Tap a bar for its year
Revenue by fiscal year
FY2019$952K
FY2020$44K
FY2021$106K
FY2022$63K
FY2023$83K
Expenses
$395K
FY2019
Tap a bar for its year
Expenses by fiscal year
FY2019$395K
FY2020$44K
FY2021$34K
FY2022$33K
FY2023$62K
Net assets
$1.4M
FY2019
Tap a bar for its year
Net assets by fiscal year
FY2019$1.4M
FY2020$1.4M
FY2021$1.2M
FY2022$1.2M
FY2023$1.2M

From the FY2019 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2019 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in Apr 2007.

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

Where the money goes

2 cents of each dollar spent went to programs.

Program services 2% · $9K Management & general 98% · $386K

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

2 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
See Buddha Bless Temple INC 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

Educates Buddhist principles and practices to members and the public in the Louisville, KY area.

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Provided by the organization

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1 program · $9K · in their own filed words · FY2019
01

1. 52 weekly prayers for buddhist members and public at the MONASTERY2. 4 three-day quarterlyly buddhist faith STUDIES3. 3 big public celerations of buddha birthday (memorial day), parents apprication day (labor day), vietnamese new year (MID-FEBRUARY)4.

$9Kprogram expense

By the numbers

The FY2019 990, line by line.

1The main four
Money inPt VIII
$952K
Ln 12
Gifts and grantsLn 1h$952K
Money outPt IX
$395K
Ln 25
Programscol B$9K
Managementcol C$386K
Owns and owesPt X
$1.4M
net assets · Ln 32
Cash and savingsLn 1–2$26K
Total assetsLn 16$1.4M
LiabilitiesLn 26$0
PeoplePt VI, VII
2
listed · VII A
PaidVII A0
Voting boardVI 1a2
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$952K
Total revenueLn 12$952K
Assets in detailPt X, end of year
CashLn 1$23K
SavingsLn 2$3K
Cash and savings togetherLn 1–2$26K
Land, buildings, equipmentLn 10c$1.3M
Total assetsLn 16$1.4M
LiabilitiesLn 26$0
Net assetsLn 32$1.4M
OperationsPt I, VI
EmployeesI 50
VolunteersI 64
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 FY19End FY19
Cash and savingsLn 1–2$652K$26K
Land, buildings, equipmentLn 10c$207K$1.3M
Total assetsLn 16$859K$1.4M
LiabilitiesLn 26$0$0
Net assetsLn 32$859K$1.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
OccupancyLn 16$478$478
TravelLn 17$3K$3K$632
Conferences, conventions and meetingsLn 19$14K$14K
InsuranceLn 23$12K$6K$6K
Other expenses (24a–d)Ln 24$364K$364K
Total functional expensesLn 25$395K$9K$386K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $83K$62K$22K$1.2M 990 PDF
FY2022 $63K$33K$30K$1.2M 990 PDF
FY2021 $106K$34K$72K$1.2M 990 PDF
FY2020 $44K$44K−$879$1.4M 990 PDF
FY2019 Viewing $952K$395K$557K$1.4M 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 FY2019 990 (6 parts)
Part I · Summary $951,662 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $155,420$951,662
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $155,420$951,662
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $18,175$394,587
I-18 Total expensesPrior year $18,175$394,587
I-19 Revenue less expensesPrior year $137,245$557,075
Part VI · Governance 0 of 2 board members independent, 4 to look at
VI-1a Voting members of the governing body2
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $951,662 across 3 lines filed
VIII-1b Membership dues$951,662
VIII-1h Total contributions, gifts and grants$951,662
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$951,662
Part IX · Statement of functional expenses $394,587 across 5 lines filed
IX-16 OccupancyManagement $478$478
IX-17 TravelPrograms $2,846 · Management $632$3,478
IX-19 Conferences, conventions and meetingsManagement $14,093$14,093
IX-23 InsurancePrograms $5,892 · Management $6,159$12,051
IX-24 Other expenses (24a–d)Management $364,487$364,487
IX-25 Total functional expensesPrograms $8,738 · Management $385,849 · Fundraising $0$394,587
Part X · Balance sheet $1,415,915 assets, 7 lines filed
Asset lines not itemized here account for $115,000; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $652,125$23,036
X-2 Savings and temporary cash investments$2,679
X-10c Land, buildings and equipment, netStart of year $206,715$1,275,200
X-16 Total assetsStart of year $858,840$1,415,915
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $858,840$1,415,915
X-33 Total liabilities and net assetsStart of year $858,840$1,415,915
Part XI · Reconciliation of net assets $1,415,915 net assets at year end
XI-1 Total revenue$951,662
XI-2 Total expenses$394,587
XI-3 Revenue less expenses$557,075
XI-4 Net assets at start of year$858,840
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,415,915

Form 990 e-file (XML) FY2019 from the IRS · Classification, formation year and address from the IRS Business Master File

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