Phap Van Monastery EIN 45-0823228

Phap Van Monastery

EIN  45-0823228 Religious organization Pearland, TX
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Offers weekly Buddhist worship services promoting quality of life through teachings.
Leadership
Tien Nguyen · President · $11K
Money in and out
$225K revenue, $189K expenses
Bottom line
23% program efficiency

Offers weekly Buddhist worship services promoting quality of life through teachings. For fiscal year 2025 it reported $225K in revenue, $189K in expenses, and $611K in net assets.Pt I

Where the money goes · FY2025
Total revenue
$225K
Pt VIII · Ln 12
Total expenses
$189K
Pt IX · Ln 25
Net assets
$611K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $36K
Where spending went · Part IX cols B–D
Program services $0.23 Management & general $0.77
Program efficiency
23%
of spending reaches programs▼ -11% vs prior filing year
Operating runway
18.2mo
months of highly liquid reserves at operating expense rate▼ -8% vs prior filing year
Surplus margin
+16%
revenue over expenses, this year▼ -29% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$225K
FY2025▲ +15%
Expenses
$189K
FY2025▲ +24%
Total assets
$611K
FY2025▲ +6%
Total liabilities
$0
FY2025
Total revenue
$225K
Pt VIII · Ln 12
Total expenses
$189K
Pt IX · Ln 25
Net assets
$611K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$36K
Total assetsPt X · Ln 16$611K
Program-expense ratioPt IX · col B23%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

3 program services account for $43K of program spending, described in the organization's own filed words · FY2025.
01

Vesak 2025 celebration

$17Kprogram expense
02

Tet 2025 celebration

$14Kprogram expense
03

Vu lan 2025 celebration

$12Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPhap Van Monastery
EINHdr · item D45-0823228
Principal addressHdr · item CPearland, TX
WebsiteHdr · item Jwww.phapvan.us
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFReligion (X50)
Ruling yearIRS BMFJul 2012

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1bpending
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
$11,000Pt VII · Sec A
Secretary & Treasurer
$2,000Pt VII · Sec A
Vice President
$0Pt VII · Sec A

Tien Nguyen’s $11K as President is at the 8th percentile of top reported officer pay among 2135 $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.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022
Tien Nguyen$11,000$6,000
Kieu T Nguyen$2,000$700$2,000$6,000
Duc T Nguyen$6,000$6,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$220K · 98%
Investment income$5K · 2%
Contributions & grants98%$220K
Investment income2%$5K
Total revenueLn 12$225K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.23 Management & general $0.77
Program services23%$43K
Management & general77%$146K
Total functional expensesLn 25$189K

Balance Sheet

Part X · end of year
CashLn 1$286K
Total assetsLn 16$611K
Total liabilitiesLn 26$0
Total net assetsLn 32$611K
Months of cash on handcomputed18.2

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $286K · Operating expenses/yr $189K
18.2 months
Where the money goes
Program services
Program services $43K · Total expenses $189K
23%
Management & General
Management & general $146K · Total expenses $189K
77%
Fundraising
Fundraising $0 · Total expenses $189K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $225K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $220K · Total revenue $225K
98%
Government reliance
Government grants — · Total revenue $225K
Earned-income share
Program service revenue $0 · Total revenue $225K
0%
Investment reliance
Investment income $5K · Total revenue $225K
+2%
Program self-sufficiency
Program service revenue $0 · Total expenses $189K
0%
Growth & trend
Revenue growth (YoY)
This year $225K · Prior year $196K
+15%
Revenue CAGR
FY2021 $193K · FY2025 $225K
+4%
Net-asset trend (YoY)
End of year $611K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $225K · Expenses $189K
+16%
Liabilities-to-Assets
Total liabilities — · Total assets $611K
Net-asset ratio
Net assets $611K · Total assets $611K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $611K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Tien Nguyen · Reported title PRESIDENT · Highest reported compensation $11K · Total expenses $189K
6%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $13K · Total expenses $189K
7%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 23%
Overhead ratio 77%
Fundraising cost ratio 0%
Revenue growth 15%

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$73

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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
FY2025 (Latest)$225K revenue · viewing · ⤓ 990 PDF
FY2024$196K revenue · ⤓ 990 PDF
FY2023$266K revenue · ⤓ 990 PDF
FY2022$282K revenue · ⤓ 990 PDF
FY2021$193K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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