Form 990 for tax year 2023
Filed by BUDDHIST TZU CHI EDUCATION FOUNDATION.
Totals
- Total revenue
- $6,108,392
- Total expenses
- $6,114,828
- Contributions and grants received
- $974,502
- Grants paid
- $0
- Program service revenue
- $5,027,615
- Investment income
- $86,785
- Other revenue
- $19,490
- Total assets, end of year
- $3,050,651
- Total liabilities, end of year
- $804,567
- Net assets or fund balances, end of year
- $2,246,084
- Program services expenses (Part IX)
- $4,784,336
- Management and general expenses
- $1,330,492
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $4,784,336
Program services were 78.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1d · Related organizations
$73,785
-
1e · Government grants (contributions)
$861,723
-
1f · All other contributions, gifts and grants
$38,994
-
1g · Noncash contributions included above
$4,992
-
2a · Program service revenue: registration fee
total $97,965 · related or exempt $97,965
-
2b · Program service revenue: TUITIONS
total $4,929,650 · related or exempt $4,929,650
-
3 · Investment income
total $86,785 · related or exempt $86,785
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$15,789
-
10c · Net income from sales of inventory
total $15,789 · related or exempt $15,789
-
11a · Other revenue: MISC INCOME
total $3,701 · related or exempt $3,701
-
11e · Other revenue, total
$3,701
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $3,889,636 · program services $3,040,983 · management and general $848,653
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $526,400 · program services $469,663 · management and general $56,737
-
10 · Payroll taxes
total $300,071 · program services $234,601 · management and general $65,470
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $137,587 · management and general $137,587
-
12 · Advertising and promotion
total $6,125 · program services $4,994 · management and general $1,131
-
13 · Office expenses
total $198,088 · program services $138,880 · management and general $59,208
-
14 · Information technology
total $17,449 · program services $14,312 · management and general $3,137
-
15 · Royalties
total $0
-
16 · Occupancy
total $94,800 · program services $43,354 · management and general $51,446
-
17 · Travel
total $38,346 · program services $34,384 · management and general $3,962
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $11,981 · program services $2,649 · management and general $9,332
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $28,516 · program services $15,289 · management and general $13,227
-
23 · Insurance
total $0
-
24a · Other expenses: SUPPLIES
total $306,655 · program services $279,962 · management and general $26,693
-
24b · Other expenses: GARDENING
total $165,140 · program services $151,608 · management and general $13,532
-
24c · Other expenses: Utilities
total $128,993 · program services $117,776 · management and general $11,217
-
24d · Other expenses: SCHOOL ACTIVITIES
total $79,510 · program services $79,083 · management and general $427
-
24e · All other expenses
total $185,531 · program services $156,798 · management and general $28,733
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,037,271 · end of year $1,069,776
-
2 · Savings and temporary cash investments
beginning of year $1,438,581 · end of year $1,510,717
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $31,449 · end of year $38,149
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
beginning of year $157,020 · end of year $171,335
-
9 · Prepaid expenses and deferred charges
beginning of year $28,641 · end of year $27,236
-
10a · Land, buildings and equipment: cost or other basis
$544,442
-
10b · Land, buildings and equipment: accumulated depreciation
$316,032
-
10c · Land, buildings and equipment, net
beginning of year $182,223 · end of year $228,410
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $4,992 · end of year $5,028
-
17 · Accounts payable and accrued expenses
beginning of year $269,946 · end of year $291,710
-
19 · Deferred revenue
beginning of year $332,871 · end of year $455,942
-
25 · Other liabilities
beginning of year $24,840 · end of year $56,915
-
27 · Net assets without donor restrictions
beginning of year $2,252,520 · end of year $2,246,084
Mission and programs · 2023
Mission
BUDDHIST TZU CHI EDUCATION IS A 501(C)(3) NONPROFIT CHARITABLE ENTITY. TO CARE WITH KINDNESS, COMPASSION, JOY, GIVING. THE CORPORATION PROVIDES CHARITABLE HUMANITARIAN SERVICES TO THE COMMUNITY IN NEED BOTH DOMESTIC AND ABORAD. THE PROGRAMS INCLUDE PRESCHOOL, KINDERGARDEN, ELEMENTARY SCHOOL, FLOWER ARRANGEMENT, TEA TASTING, CAMP AND CHARACTER EDUCATION. ALL ADMINISTRATIVE SUPPORT IS PROVIDED BY BUDDHIST TZU CHI FOUNDATION (ID #94-2952782)
Activities or mission (Part I)
SEE SCHEDULE O
-
The education foundation operates preschools, kindergartens, elementary schools, character education and camps.
Expenses $4,784,336 · Revenue $6,108,392
As filed on the 2023 return.
Listed in Part VII
-
MASTER SHIH DER FAN
Chairman
- Total calculated
- $0
- Hours/week
- 10
-
MASTER SHIH DER CHIEN
Director
- Total calculated
- $0
- Hours/week
- 10
-
MASTER SHIH DER KE
Director
- Total calculated
- $0
- Hours/week
- 10
-
JING-YUAN HSIAO
Director
- Total calculated
- $0
- Hours/week
- 10
-
JING-HONG SU
Director
- Total calculated
- $0
- Hours/week
- 10
-
CHUNG-YI CHANG
Director
- Total calculated
- $0
- Hours/week
- 10
-
SHIH-MING HSUING
Director
- Total calculated
- $0
- Hours/week
- 10
-
PO-WEN YEN
Director
- Total calculated
- $0
- Hours/week
- 10
-
JACKSON CHEN
Director
- Total calculated
- $0
- Hours/week
- 10
-
TIM CHANG
Director
- Total calculated
- $0
- Hours/week
- 10
-
MING-SAN KAO
Director
- Total calculated
- $0
- Hours/week
- 10
-
AUSTIN D TSAO
Director
- Total calculated
- $0
- Hours/week
- 10
-
DEBRA BOUDREAUX
Director
- Total calculated
- $0
- Hours/week
- 10
-
Linda Sun
CFO
- Total calculated
- $0
- Hours/week
- 10
-
Debbie Lee
CEO
- Total calculated
- $0
- Hours/week
- 40
-
HSUAN HUA LIU
Secretary
- Total calculated
- $0
- Hours/week
- 10
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501C3 · CHARITY · CA
Directly controlled by NA
-
BUDDHIST COMPASSION RELIEFT TZU CHI
charity · TW
Directly controlled by na
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 17 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202402919349301120
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.