Dhammachai Foundation EIN 87-4002425

Dhammachai Foundation FY2022 filing

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Promotes Buddhist teachings and meditation, manages assets, and supports religious and charitable groups. For fiscal year 2022 it reported $514K in revenue, $8K in expenses, and $506K in net assets.Pt I

Type
Religious organization · Religion
Location
Chicago, IL
Filings
3 on file (2022–2022)
Revenue
$514KFY2022
Expenses
$8K
Net assets
$506K
People
6
Filings
3
Updates
0
More identity details & actions ⌄
EIN  87-4002425 Religious organization Chicago, IL
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Promotes Buddhist teachings and meditation, manages assets, and supports religious and charitable groups.
Leadership
Money in and out
$514K revenue, $8K expenses
Bottom line
12% program efficiency
Where the money goes · FY2022
Total revenue
$514K
Pt VIII · Ln 12
Total expenses
$8K
Pt IX · Ln 25
Net assets
$506K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $506K
Where spending went · Part IX cols B–D
Program services $0.12 Management & general $0.47 Fundraising $0.42
Program efficiency
12%
of spending reaches programs
Operating runway
775.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
+98%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$514K
FY2022
Expenses
$8K
FY2022
Total assets
$513K
FY2022
Total liabilities
$7K
FY2022
Total revenue
$514K
Pt VIII · Ln 12
Total expenses
$8K
Pt IX · Ln 25
Net assets
$506K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$506K
Total assetsPt X · Ln 16$513K
Program-expense ratioPt IX · col B12%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46
Mission & Programs · Part III

Where the work happens

1 program service account for $932 of program spending, described in the organization's own filed words · FY2022.
01

Full moon meditation is the meditation program that dhammachai foundation coordinates with the meditation center of chicago and other member organizations in north america. It is mainly conducted via zoom application during the year 2022.

$932program expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CDhammachai Foundation
EINHdr · item D87-4002425
Principal addressHdr · item CChicago, IL
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFReligion (X50)
Ruling yearIRS BMFFeb 2022

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aYes
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
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Wuttipong Sawetchai’s $17K as Treasurer is at the 13th percentile of top reported officer pay among 2136 $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 · 1 named individual · Part VII

NameFY2024FY2023
Wuttipong Sawetchai$16,680$16,680

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.

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Statement of Revenue

Part VIII
Contributions & grants100%$514K
Investment income$4
Total revenueLn 12$514K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.12 Management & general $0.47 Fundraising $0.42
Program services12%$932
Management & general47%$4K
Fundraising42%$3K
Total functional expensesLn 25$8K

Balance Sheet

Part X · end of year
CashLn 1$513K
Total assetsLn 16$513K
Total liabilitiesLn 26$7K
Total net assetsLn 32$506K
Months of cash on handcomputed775.6

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $513K · Operating expenses/yr $8K
775.6 months
Where the money goes
Program services
Program services $932 · Total expenses $8K
12%
Management & General
Management & general $4K · Total expenses $8K
47%
Fundraising
Fundraising $3K · Total expenses $8K
42%
Cost to raise $1
Fundraising expense $3K · Solicited contributions $514K
$0.01 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $514K · Total revenue $514K
100%
Government reliance
Government grants — · Total revenue $514K
Earned-income share
Program service revenue $0 · Total revenue $514K
0%
Investment reliance
Investment income $4 · Total revenue $514K
<0.01%
Program self-sufficiency
Program service revenue $0 · Total expenses $8K
0%
Growth & trend
Revenue growth (YoY)
This year $514K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $506K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $514K · Expenses $8K
+98%
Liabilities-to-Assets
Total liabilities — · Total assets $513K
Net-asset ratio
Net assets $506K · Total assets $513K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $513K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Phramaha Somboon Jongpatra · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $8K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $8K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 12%
Overhead ratio 47%
Fundraising cost ratio 0.6%
Accounting fee ratio 44%

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 · this organization's grantmaking
Grants paid · 1 grant · $80K · 2024–2024

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$602K revenue · ⤓ 990 PDF
FY2023$546K revenue · ⤓ 990 PDF
FY2022$514K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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