Phap Quang Tu FY2022 filing

Tax-deductible

Houston, TX501(c)(3)ReligionEIN 45-5572999Revenue $219K in FY2022

On file with the IRS15019 Mintz Ln, 77014-1403 · Houston, TXTax-exempt since Sep 2016Publicly supported — 509(a)(2)

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The temple organizes religious events and traditional festivals for believers to visit and pray for good health and a quiet life based on buddhist beliefs

501(c)(3) charity; gifts are tax-deductible.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

Before you give

FY2022 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average deficit $85K a year · 69% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.7 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$180K
22% of total assets
Looks good: liabilities are 22% of assets; 50% or less.
Pt X · Ln 26
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$219K
+180% vs prior year
Spent
$622K
To programs
0%
Net assets
$628K
By yearFY2020–FY2025
Revenue
$219K
FY2022▲ +180%
Tap a bar for its year
Revenue by fiscal year
FY2020$151K
FY2021$78K
FY2022$219K
FY2023$166K
FY2024$61K
FY2025$43K
Expenses
$622K
FY2022
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021Not on file
FY2022$622K
FY2023$70K
FY2024$97K
FY2025$39K
Net assets
$628K
FY2022▲ +89%
Tap a bar for its year
Net assets by fiscal year
FY2020$286K
FY2021$332K
FY2022$628K
FY2023$724K
FY2024$689K
FY2025$692K

From the FY2022 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2016.

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

Where the money goes

What each dollar paid for.

Management & general 100% · $622K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

1 person listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
See Phap Quang Tu 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

Organizes religious events and festivals for prayer and well-being.

Questions for Phap Quang Tu

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Provided by the organization

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1 program · $555K · in their own filed words · FY2022
01

Organiztion expanded by purchasing a new property at mintz lane.

$555Kprogram expense

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$219K
Ln 12
Fees for servicesLn 2g$219K
Money outPt IX
$622K
Ln 25
Managementcol C$622K
Owns and owesPt X
$628K
net assets · Ln 32
Cash and savingsLn 1–2$37K
Total assetsLn 16$808K
LiabilitiesLn 26$180K
PeoplePt VI, VII
1
listed · VII A
PaidVII A0
Voting boardVI 1a0
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$219K
Total revenueLn 12$219K
Assets in detailPt X, end of year
CashLn 1$37K
Cash and savings togetherLn 1–2$37K
Land, buildings, equipmentLn 10c$771K
Total assetsLn 16$808K
LiabilitiesLn 26$180K
Net assetsLn 32$628K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$332K$37K
Land, buildings, equipmentLn 10c$771K
Total assetsLn 16$332K$808K
LiabilitiesLn 26$0$180K
Net assetsLn 32$332K$628K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
OccupancyLn 16$20K$20K
InsuranceLn 23$11K$11K
Other expenses (24a–d)Ln 24$592K$592K
All other expensesLn 24e$0
Total functional expensesLn 25$622K$0$622K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $43K$39K$4K$692K 990 PDF
FY2024 $61K$97K−$35K$689K 990 PDF
FY2023 $166K$70K$96K$724K 990 PDF
FY2022 Viewing $219K$622K−$403K$628K 990 PDF
FY2021 $78K$332K 990 PDF
FY2020 $151K$286K 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 FY2022 990 (6 parts)
Part I · Summary $219,208 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $78,384$0
I-9 Program service revenue$219,208
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $78,384$219,208
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 $32,076$622,475
I-18 Total expensesPrior year $32,076$622,475
I-19 Revenue less expensesPrior year $46,308−$403,267
Part VI · Governance 3 to look at
VI-1a Voting members of the governing body0
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $219,208 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)$219,208
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$219,208
Part IX · Statement of functional expenses $622,475 across 4 lines filed
IX-16 OccupancyManagement $19,742$19,742
IX-23 InsuranceManagement $10,609$10,609
IX-24 Other expenses (24a–d)Management $592,124$592,124
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $0 · Management $622,475 · Fundraising $0$622,475
Part X · Balance sheet $808,387 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $332,320$37,263
X-10c Land, buildings and equipment, net$771,124
X-16 Total assetsStart of year $332,320$808,387
X-26 Total liabilitiesStart of year $0$180,000
X-27 Net assets without donor restrictionsStart of year $0$0
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $332,320$628,387
X-33 Total liabilities and net assetsStart of year $332,320$808,387
Part XI · Reconciliation of net assets $628,387 net assets at year end
XI-1 Total revenue$219,208
XI-2 Total expenses$622,475
XI-3 Revenue less expenses−$403,267
XI-4 Net assets at start of year$332,320
XI-8 Prior period adjustments$144,210
XI-9 Other changes in net assets$555,124
XI-10 Net assets at end of year$628,387

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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