philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in
Phap Van Monastery EIN 45-0823228

Phap Van Monastery FY2023 filing

EIN  45-0823228 Religious organization Pearland, TX
Form 990 (PDF)
You’re viewing the FY2023 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
Duc T Nguyen · President · $6K
Money in and out
$266K revenue, $222K expenses
Bottom line
14% program efficiency

Offers weekly Buddhist worship services promoting quality of life through teachings. For fiscal year 2023 it reported $266K in revenue, $222K in expenses, and $530K in net assets.Pt I

Where the money goes · FY2023
Total revenue
$266K
Pt VIII · Ln 12
Total expenses
$222K
Pt IX · Ln 25
Net assets
$530K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $45K
Where spending went · Part IX cols B–D
Program services $0.14 Management & general $0.86
Program efficiency
14%
of spending reaches programs
Operating runway
11.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
+17%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$266K
FY2023▼ -5%
Expenses
$222K
FY2023▼ -20%
Total assets
$530K
FY2023▲ +9%
Total liabilities
$0
FY2023
Total revenue
$266K
Pt VIII · Ln 12
Total expenses
$222K
Pt IX · Ln 25
Net assets
$530K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$45K
Total assetsPt X · Ln 16$530K
Program-expense ratioPt IX · col B14%
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 $32K of program spending, described in the organization's own filed words · FY2023.
01

Phat dang 2023 celebration

$17Kprogram expense
02

Donation provided to an lac hanh temple

$10Kprogram expense
03

Tet 2023 celebration

$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
Duc T Nguyen
President
$6,000Pt VII · Sec A
Kieu T Nguyen
Secretary & Treasurer
$2,000Pt 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

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.

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%$266K
Total revenueLn 12$266K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.14 Management & general $0.86
Program services14%$32K
Management & general86%$190K
Total functional expensesLn 25$222K

Balance Sheet

Part X · end of year
CashLn 1$205K
Total assetsLn 16$530K
Total liabilitiesLn 26$0
Total net assetsLn 32$530K
Months of cash on handcomputed11.1

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $205K · Operating expenses/yr $222K
11.1 months
Where the money goes
Program services
Program services $32K · Total expenses $222K
14%
Management & General
Management & general $190K · Total expenses $222K
86%
Fundraising
Fundraising $0 · Total expenses $222K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $4K · Solicited contributions (2-yr avg) $274K
$0.02 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $266K · Total revenue $266K
100%
Government reliance
Government grants — · Total revenue $266K
—
Earned-income share
Program service revenue $0 · Total revenue $266K
0%
Investment reliance
Investment income $0 · Total revenue $266K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $222K
0%
Growth & trend
Revenue growth (YoY)
This year $266K · Prior year $282K
-5%
Net-asset trend (YoY)
End of year $530K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $266K · Expenses $222K
+17%
Liabilities-to-Assets
Total liabilities — · Total assets $530K
—
Net-asset ratio
Net assets $530K · Total assets $530K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $530K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Duc T Nguyen · Reported title PRESIDENT · Highest reported compensation $6K · Total expenses $222K
3%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $8K · Total expenses $222K
4%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 14%——
Overhead ratio 86%——
Fundraising cost ratio 0%——
Revenue growth -5%——

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 · viewing · ⤓ 990 PDF
FY2022$282K revenue · ⤓ 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) · FY2023IRS
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

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.