Heart Chan FY2023 filing

Tax-deductible

Milpitas, CA501(c)(3)ReligionEIN 46-1064920Revenue $151K in FY2023

On file with the IRSheartchan.org246 S Hillview Dr, 95035-5447 · Milpitas, CATax-exempt since Nov 2012Publicly supported charity — 170(b)(1)(A)(vi)

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To bring Chan meditation practice into as many people's lives as possible and to help people to live a life of peace, love, and harmony as they walk along the path toward enlightenment.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
3 of 6
filings with a surplus
Average deficit $398K a year · 155% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 5.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $48K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$549
0.03% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$151K
-37% vs prior year
Spent
$1.1M
To programs
99%
Net assets
$1.7M
By yearFY2020–FY2025
Revenue
$151K
FY2023▼ -37%
Tap a bar for its year
Revenue by fiscal year
FY2020$264K
FY2021$355K
FY2022$241K
FY2023$151K
FY2024$441K
FY2025$86K
Expenses
$1.1M
FY2023▲ +439%
Tap a bar for its year
Expenses by fiscal year
FY2020$214K
FY2021$188K
FY2022$205K
FY2023$1.1M
FY2024$1.8M
FY2025$432K
Net assets
$1.7M
FY2023▼ -36%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.4M
FY2021$2.6M
FY2022$2.7M
FY2023$1.7M
FY2024$348K
FY2025$3K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 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 Nov 2012.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $1.1M Management & general 1% · $10K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
CEO / Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Heart Chan 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Teaches meditation to foster peace, love, and harmony for personal growth.

Provided by the organization

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1 program · $1.1M · in their own filed words · FY2023
01

To provide funds for maintenance of existing and continued propagation of a national network of centers and retreat locations, providing a regular schedule of services, classes and training in the chan traditional teachings and lineage, including, but not limited to, performing weddings, funeral services, counseling in healthy lifestyle…

$1.1Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$48K
Grants paid · 2 grants · $2.4M · 2023–2024
Buddhaland on EarthCA · FY2024$1,540,000
Buddhaland on EarthCA · FY2023$876,940

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$151K
Ln 12
Gifts and grantsLn 1h$132K
Investment incomeLn 3$18K
Other incomeLn 4–11$1K
Money outPt IX
$1.1M
Ln 25
Programscol B$1.1M
Managementcol C$10K
Owns and owesPt X
$1.7M
net assets · Ln 32
Cash and savingsLn 1–2$539K
Total assetsLn 16$1.7M
LiabilitiesLn 26$549
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$132K
Investment incomeLn 3$18K
Other incomeLn 4–11$1K
Total revenueLn 12$151K
Assets in detailPt X, end of year
CashLn 1$33K
SavingsLn 2$506K
Cash and savings togetherLn 1–2$539K
Land, buildings, equipmentLn 10c$1.1M
Other assetsLn 15$6K
Total assetsLn 16$1.7M
LiabilitiesLn 26$549
Net assetsLn 32$1.7M
OperationsPt I, VI
EmployeesI 50
VolunteersI 620
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$1.5M$539K
Land, buildings, equipmentLn 10c$1.2M$1.1M
Total assetsLn 16$2.7M$1.7M
LiabilitiesLn 26$4K$549
Net assetsLn 32$2.7M$1.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$877K$877K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$1K$1K
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$11K$11K
Office expensesLn 13$40K$32K$8K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$96K$96K
TravelLn 17$4K$4K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$44K$44K
InsuranceLn 23$22K$22K
Other expenses (24a–d)Ln 24$9K$9K
All other expensesLn 24e$0
Total functional expensesLn 25$1.1M$1.1M$10K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $86K$432K−$345K$3K 990 PDF
FY2024 $441K$1.8M−$1.3M$348K 990 PDF
FY2023 Viewing $151K$1.1M−$953K$1.7M 990 PDF
FY2022 $241K$205K$36K$2.7M 990 PDF
FY2021 $355K$188K$167K$2.6M 990 PDF
FY2020 $264K$214K$50K$2.4M 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 $151,091 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $241,125$131,628
I-9 Program service revenue$0
I-10 Investment incomePrior year $113$18,423
I-11 Other revenue$1,040
I-12 Total revenuePrior year $241,238$151,091
I-13 Grants and similar amounts paid$876,940
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $204,824$227,543
I-18 Total expensesPrior year $204,824$1,104,483
I-19 Revenue less expensesPrior year $36,414−$953,392
Part VI · Governance 3 of 3 board members independent, 3 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-15a Process for setting top official's payNo
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $151,091 across 5 lines filed
VIII-1f All other contributions, gifts and grants$131,628
VIII-1h Total contributions, gifts and grants$131,628
VIII-3 Investment income$18,423
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)$1,040
VIII-12 Total revenue$151,091
Part IX · Statement of functional expenses $1,104,483 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $876,940$876,940
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $1,354$1,354
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotionPrograms $11,217$11,217
IX-13 Office expensesPrograms $31,962 · Management $8,468$40,430
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $95,533$95,533
IX-17 TravelPrograms $3,606$3,606
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $44,295$44,295
IX-23 InsurancePrograms $22,494$22,494
IX-24 Other expenses (24a–d)Programs $8,614$8,614
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $1,094,661 · Management $9,822 · Fundraising $0$1,104,483
Part X · Balance sheet $1,692,966 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $57,925$32,892
X-2 Savings and temporary cash investmentsStart of year $1,401,059$506,105
X-10c Land, buildings and equipment, netStart of year $1,192,146$1,147,851
X-15 Other assetsStart of year $4,741$6,118
X-16 Total assetsStart of year $2,655,871$1,692,966
X-25 Other liabilitiesStart of year $4,262$549
X-26 Total liabilitiesStart of year $4,262$549
X-27 Net assets without donor restrictionsStart of year $2,651,609$1,692,417
X-32 Total net assets or fund balancesStart of year $2,651,609$1,692,417
X-33 Total liabilities and net assetsStart of year $2,655,871$1,692,966
Part XI · Reconciliation of net assets $1,692,417 net assets at year end
XI-1 Total revenue$151,091
XI-2 Total expenses$1,104,483
XI-3 Revenue less expenses−$953,392
XI-4 Net assets at start of year$2,651,609
XI-8 Prior period adjustments−$5,800
XI-10 Net assets at end of year$1,692,417

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

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