Phap Quang Tu: FY2023 Nonprofit Profile & Form 990 (EIN 45-5572999)

Revenue by fiscal year
FY2020	$151K
FY2021	$78K
FY2022	$219K
FY2023	$166K
FY2024	$61K
FY2025	$43K

Expenses by fiscal year
FY2020	Not on file
FY2021	Not on file
FY2022	$622K
FY2023	$70K
FY2024	$97K
FY2025	$39K

Net assets by fiscal year
FY2020	$286K
FY2021	$332K
FY2022	$628K
FY2023	$724K
FY2024	$689K
FY2025	$692K

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.

100%

Management & general 100% · $70K

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

Mychau Thi Nguyen

President

$0Pt VII · Sec A

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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.

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Provided by the organization

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1 program · $70K · in their own filed words · FY2023

01

The temple organized religious events and traditional festivals for believers to visit and pray for good health and tranquile life based on buddha beliefs.

$70Kprogram expense

By the numbers

The FY2023 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$166K

Ln 12

Investment incomeLn 3$84K

Fees for servicesLn 2g$82K

Money outPt IX

$70K

Ln 25

Managementcol C$70K

Owns and owesPt X

$724K

net assets · Ln 32

Cash and savingsLn 1–2$284K

Total assetsLn 16$904K

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$82K

Investment incomeLn 3$84K

Gains on assetsLn 7$84K

Total revenueLn 12$166K

Assets in detailPt X, end of year

CashLn 1$284K

Cash and savings togetherLn 1–2$284K

Land, buildings, equipmentLn 10c$620K

Total assetsLn 16$904K

LiabilitiesLn 26$180K

Net assetsLn 32$724K

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

Line	Start FY23	End FY23
Cash and savingsLn 1–2	$37K	$284K
Land, buildings, equipmentLn 10c	$771K	$620K
Total assetsLn 16	$808K	$904K
LiabilitiesLn 26	$180K	$180K
Net assetsLn 32	$628K	$724K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Accounting feesLn 11c	$600		$600
OccupancyLn 16	$9K		$9K
Other expenses (24a–d)Ln 24	$61K		$61K
Total functional expensesLn 25	$70K	$0	$70K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$43K	$39K	$4K	$692K	990 PDF
FY2024	$61K	$97K	−$35K	$689K	990 PDF
FY2023 Viewing	$166K	$70K	$96K	$724K	990 PDF
FY2022	$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 FY2023 990 (6 parts)

Part I · Summary $166,125 revenue, 12 lines filed

I-8 Contributions and grants$0

I-9 Program service revenuePrior year $219,208$82,018

I-10 Investment income$84,107

I-11 Other revenue$0

I-12 Total revenuePrior year $219,208$166,125

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 $622,475$70,384

I-18 Total expensesPrior year $622,475$70,384

I-19 Revenue less expensesPrior year −$403,267$95,741

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 $166,125 across 3 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)$82,018

VIII-7 Net gain or loss on sales of assets$84,107

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$166,125

Part IX · Statement of functional expenses $70,384 across 3 lines filed

IX-11c Accounting feesManagement $600$600

IX-16 OccupancyManagement $9,139$9,139

IX-24 Other expenses (24a–d)Management $60,645$60,645

IX-25 Total functional expensesPrograms $0 · Management $70,384 · Fundraising $0$70,384

Part X · Balance sheet $904,128 assets, 8 lines filed

X-1 Cash, non-interest-bearingStart of year $37,263$284,004

X-10c Land, buildings and equipment, netStart of year $771,124$620,124

X-16 Total assetsStart of year $808,387$904,128

X-26 Total liabilitiesStart of year $180,000$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 $628,387$724,128

X-33 Total liabilities and net assetsStart of year $808,387$904,128

Part XI · Reconciliation of net assets $724,128 net assets at year end

XI-1 Total revenue$166,125

XI-2 Total expenses$70,384

XI-3 Revenue less expenses$95,741

XI-4 Net assets at start of year$628,387

XI-10 Net assets at end of year$724,128

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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Phap Quang Tu FY2023 filing

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