Teach and promote the principles and practices of Taoism.

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
$43K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $126K a year · 3% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$43K
to officers and key staff · 0.9% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
6 mo
of spending, in cash
Plus $3.9M in investments, Pt X · Ln 11–13
Looks good: 6.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $1K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$617K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.8M
+2% vs prior year
Spent
$4.7M
To programs
91%
Net assets
$19.0M
By yearFY2020–FY2024
Revenue
$4.8M
FY2023▲ +2%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.7M
FY2021$4.5M
FY2022$4.7M
FY2023$4.8M
FY2024$4.4M
Expenses
$4.7M
FY2023▼ -3%
Tap a bar for its year
Expenses by fiscal year
FY2020$3.5M
FY2021$3.9M
FY2022$4.8M
FY2023$4.7M
FY2024$4.7M
Net assets
$19.0M
FY2023▲ +0.6%
Tap a bar for its year
Net assets by fiscal year
FY2020$18.4M
FY2021$19.0M
FY2022$18.9M
FY2023$19.0M
FY2024$18.7M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1998.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $4.3M Management & general 8% · $399K Fundraising 1% · $40K

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

8 people listed on the 990; $43K paid to officers and key staff.

Part VII, Section A · reportable compensation
Secretary & Treasurer
$42,810Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director, President
$0Pt VII · Sec A
$0Pt VII · Sec A

Min Jung Kim’s $44K as Secretary & Treasurer is at the 12th percentile of top reported officer pay among 1636 $1–10M 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

NameFY2024FY2023FY2022FY2021FY2020
Nobuko Todd——$60,700$60,000$56,228
Min Jung Kim$44,071$42,810$42,200$37,239$34,683
Kyung Run Kim$3,500————

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 Tao Fellowship 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 15aYes

Programs and updates

Promotes and teaches Taoist principles and practices.

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Provided by the organization

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3 programs · $4.2M · in their own filed words · FY2023
01

The training programs educate people about the principles and spiritual practices of Taoism. These trainings include spiritual direction, healing, meditation and studying ancient scriptures for changing their lives.

$2.5Mprogram expense
02

To maximize the use of its facilities, the Organization allows other groups in the yoga and spiritual communities to hold their workshops, retreats, and trainings at the retreat center. By exposing these groups to the Taoist lifestyle during their stay.

$1.5Mprogram expense
03

Tao leadership trainings teaches healing, Qigong and meditation techniques and practices all skills to become a leader.

$195Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$1K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$4.8M
Ln 12
Fees for servicesLn 2g$3.9M
Gifts and grantsLn 1h$526K
Other incomeLn 4–11$202K
Money outPt IX
$4.7M
Ln 25
Programscol B$4.3M
Managementcol C$399K
Fundraisingcol D$40K
Owns and owesPt X
$19.0M
net assets · Ln 32
Cash and savingsLn 1–2$2.4M
Total assetsLn 16$19.6M
LiabilitiesLn 26$617K
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$526K
Noncash giftsLn 1g$6K
Fundraising eventsLn 1c$117K
Fees for servicesLn 2g$3.9M
Investment incomeLn 3$105K
Other incomeLn 4–11$202K
Total revenueLn 12$4.8M
Assets in detailPt X, end of year
CashLn 1$2.4M
Cash and savings togetherLn 1–2$2.4M
InvestmentsLn 11–13$3.9M
Land, buildings, equipmentLn 10c$13.0M
Other assetsLn 15$6K
Total assetsLn 16$19.6M
LiabilitiesLn 26$617K
Net assetsLn 32$19.0M
OperationsPt I, VI
EmployeesI 560
VolunteersI 62
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
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$5.9M$2.4M
InvestmentsLn 11–13$29K$3.9M
Land, buildings, equipmentLn 10c$13.3M$13.0M
Total assetsLn 16$19.7M$19.6M
LiabilitiesLn 26$798K$617K
Net assetsLn 32$18.9M$19.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$48K$30K$18K$0
Other salaries and wagesLn 7$1.7M$1.5M$152K$33K
Other employee benefitsLn 9$62K$54K$7K$0
Payroll taxesLn 10$126K$114K$10K$3K
Management feesLn 11a$240K$239K$0$800
Legal feesLn 11b$3K$1K$2K$0
Accounting feesLn 11c$31K$31K$0$0
Advertising and promotionLn 12$265K$263K$2K$114
Office expensesLn 13$361K$280K$78K$2K
OccupancyLn 16$1.1M$1.1M$17K$462
TravelLn 17$117K$93K$23K$978
Depreciation, depletion and amortizationLn 22$523K$444K$78K$0
InsuranceLn 23$74K$70K$3K$0
Other expenses (24a–d)Ln 24$59K$55K$4K$0
All other expensesLn 24e$17K$12K$5K$0
Total functional expensesLn 25$4.7M$4.3M$399K$40K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $4.4M$4.7M−$371K$18.7M 990 PDF
FY2023 Viewing $4.8M$4.7M$61K$19.0M 990 PDF
FY2022 $4.7M$4.8M−$131K$18.9M 990 PDF
FY2021 $4.5M$3.9M$587K$19.0M 990 PDF
FY2020 $2.7M$3.5M−$776K$18.4M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $4,771,051 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $675,821$525,755
I-9 Program service revenuePrior year $3,854,000$3,938,035
I-10 Investment incomePrior year −$30,395$105,346
I-11 Other revenuePrior year $200,588$201,915
I-12 Total revenuePrior year $4,700,014$4,771,051
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,878,145$1,895,246
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $2,953,051$2,815,035
I-18 Total expensesPrior year $4,831,196$4,710,281
I-19 Revenue less expensesPrior year −$131,182$60,770
Part VI · Governance 7 of 7 board members independent, 1 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $4,771,051 across 8 lines filed
Lines not itemized here account for $1,860,545 of total revenue; see the IRS return.
VIII-1c Fundraising events$117,361
VIII-1f All other contributions, gifts and grants$408,394
VIII-1g Noncash contributions (included above)$5,588
VIII-1h Total contributions, gifts and grants$525,755
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$2,262,040
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$105,346
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $17,365 · Unrelated business $0 · Excluded from tax $0$17,365
VIII-12 Total revenueRelated to mission $2,569,301 · Unrelated business $1,675,995 · Excluded from tax $0$4,771,051
Part IX · Statement of functional expenses $4,710,281 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $29,810 · Management $18,000 · Fundraising $0$47,810
IX-7 Other salaries and wagesPrograms $1,474,759 · Management $152,455 · Fundraising $32,767$1,659,981
IX-9 Other employee benefitsPrograms $54,440 · Management $7,244 · Fundraising $0$61,684
IX-10 Payroll taxesPrograms $113,755 · Management $9,501 · Fundraising $2,515$125,771
IX-11a Management feesPrograms $239,111 · Management $0 · Fundraising $800$239,911
IX-11b Legal feesPrograms $1,005 · Management $1,711 · Fundraising $0$2,716
IX-11c Accounting feesPrograms $30,555 · Management $0 · Fundraising $0$30,555
IX-12 Advertising and promotionPrograms $262,964 · Management $1,584 · Fundraising $114$264,662
IX-13 Office expensesPrograms $280,313 · Management $78,189 · Fundraising $2,313$360,815
IX-16 OccupancyPrograms $1,110,614 · Management $16,933 · Fundraising $462$1,128,009
IX-17 TravelPrograms $93,210 · Management $22,760 · Fundraising $978$116,948
IX-22 Depreciation, depletion and amortizationPrograms $444,309 · Management $78,408 · Fundraising $0$522,717
IX-23 InsurancePrograms $70,192 · Management $3,344 · Fundraising $0$73,536
IX-24 Other expenses (24a–d)Programs $54,783 · Management $3,725 · Fundraising $0$58,508
IX-24e All other expensesPrograms $11,887 · Management $4,771 · Fundraising $0$16,658
IX-25 Total functional expensesPrograms $4,271,707 · Management $398,625 · Fundraising $39,949$4,710,281
Part X · Balance sheet $19,607,283 assets, 13 lines filed
Asset lines not itemized here account for $2,779; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $5,869,557$2,400,115
X-4 Accounts receivableStart of year $349,935$66,452
X-8 Inventories for sale or useStart of year $118,313$116,883
X-9 Prepaid expenses and deferred chargesStart of year $48,039$84,923
X-10c Land, buildings and equipment, netStart of year $13,259,900$12,998,821
X-11 Publicly traded securitiesStart of year $29,456$3,931,594
X-15 Other assetsStart of year $5,716$5,716
X-16 Total assetsStart of year $19,682,216$19,607,283
X-17 Accounts payable and accrued expensesStart of year $222,788$215,339
X-19 Deferred revenueStart of year $558,611$401,849
X-26 Total liabilitiesStart of year $797,882$617,188
X-32 Total net assets or fund balancesStart of year $18,884,334$18,990,095
X-33 Total liabilities and net assetsStart of year $19,682,216$19,607,283
Part XI · Reconciliation of net assets $18,990,095 net assets at year end
XI-1 Total revenue$4,771,051
XI-2 Total expenses$4,710,281
XI-3 Revenue less expenses$60,770
XI-4 Net assets at start of year$18,884,334
XI-9 Other changes in net assets$44,991
XI-10 Net assets at end of year$18,990,095

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

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