Phap Van Monastery FY2022 filing

EIN 45-0823228 Religious organization Pearland, TX

Form 990 (PDF)

You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Compare with another nonprofit →

Is this your organization?

Claim this profile to manage it and share your story.

Claim

Provided by the organization

This section is blank until Phap Van Monastery claims this page.

Know this organization? Claim it to add your story

Size

$100K–1M

What they do

Offers weekly Buddhist worship services promoting quality of life through teachings.

Leadership

Kieu T Nguyen · Secretary & Treasurer · $6K

Money in and out

$282K revenue, $278K expenses

Bottom line

11% program efficiency

Offers weekly Buddhist worship services promoting quality of life through teachings. For fiscal year 2022 it reported $282K in revenue, $278K in expenses, and $486K in net assets.Pt I

Where the money goes · FY2022

Total revenue

$282K

Pt VIII · Ln 12

Total expenses

$278K

Pt IX · Ln 25

Net assets

$486K

Pt X · Ln 32

Revenue less expenses (Pt I · Ln 19): $3K

Where spending went · Part IX cols B–D

86%

Program services $0.11 Management & general $0.86 Fundraising $0.03

Program efficiency

11%

of spending reaches programs

Operating runway

6.9mo

months of highly liquid reserves at operating expense rate

Surplus margin

+1%

revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990

Revenue

$282K

FY2022▲ +46%

Expenses

$278K

FY2022

Total assets

$486K

FY2022

Total liabilities

FY2022

Total revenue

$282K

Pt VIII · Ln 12

Total expenses

$278K

Pt IX · Ln 25

Net assets

$486K

Pt X · Ln 32

Revenue less expensesPt I · Ln 19$3K

Total assetsPt X · Ln 16$486K

Program-expense ratioPt IX · col B11%

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 $30K of program spending, described in the organization's own filed words · FY2022.

Organized major buddhist holidays

$17Kprogram expense

Provide weekly worshiping services to buddhist practioners in pearland and surrounding vicinity aiming to promote quality of life through buddhas teachings.

$8Kprogram expense

Organized chldren summer retreat

$5Kprogram expense

Run this program? Claim this org to tell your story

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

Kieu T Nguyen

Secretary & Treasurer

$6,000Pt VII · Sec A

Duc T Nguyen

President

$6,000Pt VII · Sec A

Thien Nguyen

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

Name	FY2025	FY2024	FY2023	FY2022
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.

See Phap Van Monastery executive salaries →

Are you one of these people? Claim this org to confirm your role

Statement of Revenue

Part VIII

Contributions & grants100%$282K

Total revenueLn 12$282K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising

Allocation · columns B–D

86%

Program services $0.11 Management & general $0.86 Fundraising $0.03

Program services11%$30K

Management & general86%$240K

Fundraising3%$8K

Total functional expensesLn 25$278K

Balance Sheet

Part X · end of year

CashLn 1$161K

Total assetsLn 16$486K

Total liabilitiesLn 26$0

Total net assetsLn 32$486K

Months of cash on handcomputed6.9

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it

Liquidity & Payout

Operating runway

Highly liquid reserves $161K · Operating expenses/yr $278K

6.9 months

Where the money goes

Program services

Program services $30K · Total expenses $278K

11%

Management & General

Management & general $240K · Total expenses $278K

86%

Fundraising

Fundraising $8K · Total expenses $278K

Cost to raise $1

Fundraising expense $8K · Solicited contributions $282K

$0.03 to raise $1

Where the money comes from

Contribution dependence

Contributions & grants $282K · Total revenue $282K

100%

Government reliance

Government grants — · Total revenue $282K

—

Earned-income share

Program service revenue $0 · Total revenue $282K

Investment reliance

Investment income $0 · Total revenue $282K

Program self-sufficiency

Program service revenue $0 · Total expenses $278K

Growth & trend

Revenue growth (YoY)

This year $282K · Prior year $193K

+46%

Net-asset trend (YoY)

End of year $486K · Beginning of year —

Beginning net assets not meaningfully positive — showing dollar change

Balance sheet

Surplus Margin

Revenue $282K · Expenses $278K

+1%

Liabilities-to-Assets

Total liabilities — · Total assets $486K

—

Net-asset ratio

Net assets $486K · Total assets $486K

100%

Marketable Investment Share

Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $486K

Excludes program-related investments (Pt X, ln 13)

People & payroll

Highest Reported Total Compensation

Individual Kieu T Nguyen · Reported title SECRETARY & TREASURER · Highest reported compensation $6K · Total expenses $278K

Personnel share

Salaries, benefits & payroll (Pt IX 5-10) $12K · Total expenses $278K

Peer comparison

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

Metric	This org	Peer median	Percentile
Program ratio	11%	—	—
Overhead ratio	86%	—	—
Fundraising cost ratio	3%	—	—
Revenue growth	46%	—	—
Accounting fee ratio	0%	—	—

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

Amazonsmile FoundationFY2023$73

Total grants receivedfrom 1 funder$73

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

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 · ⤓ 990 PDF

FY2024$196K revenue · ⤓ 990 PDF

FY2023$266K revenue · ⤓ 990 PDF

FY2022$282K revenue · viewing · ⤓ 990 PDF

FY2021$193K revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings

Form 990 e-file (XML) · FY2022IRS

Classification, formation year, addressIRS Business Master File

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization