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← INSTITUTE OF CHUNG HWA BUDDHIST CULTURE INC

Form 990 for tax year 2024

Filed by INSTITUTE OF CHUNG HWA BUDDHIST CULTURE INC.

Totals

Total revenue
$1,921,039
Total expenses
$385,203
Contributions and grants received
$984,598
Grants paid
$0
Program service revenue
$0
Investment income
$931,252
Other revenue
$5,189
Total assets, end of year
$28,013,352
Total liabilities, end of year
$11,340
Net assets or fund balances, end of year
$28,002,012
Program services expenses (Part IX)
$23,041
Management and general expenses
$362,162
Fundraising expenses
$0
Program service expenses (Part III)
$23,041

Program services were 6.0% 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.

  • 1b · Membership dues

    $12,310

  • 1c · Fundraising events

    $91,323

  • 1f · All other contributions, gifts and grants

    $880,965

  • 3 · Investment income

    total $931,252 · unrelated business $0 · excluded $0

  • 8a · Fundraising events: contributions included on line 1c

    $91,323

  • 10a · Gross sales of inventory

    $5,189

  • 10c · Net income from sales of inventory

    total $5,189 · related or exempt $5,189

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $8,000 · program services $0 · management and general $8,000 · fundraising $0

  • 10 · Payroll taxes

    total $9,097 · program services $0 · management and general $9,097 · fundraising $0

  • 11c · Fees: accounting

    total $10,050 · program services $0 · management and general $10,050 · fundraising $0

  • 13 · Office expenses

    total $2,491 · program services $0 · management and general $2,491 · fundraising $0

  • 16 · Occupancy

    total $114,163 · program services $0 · management and general $114,163 · fundraising $0

  • 17 · Travel

    total $1,545 · program services $0 · management and general $1,545 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $109,627 · program services $0 · management and general $109,627 · fundraising $0

  • 23 · Insurance

    total $61,768 · program services $0 · management and general $61,768 · fundraising $0

  • 24a · Other expenses: UTILITIES

    total $26,811 · program services $0 · management and general $26,811 · fundraising $0

  • 24b · Other expenses: TELEPHONE & WEBSITE

    total $2,338 · program services $0 · management and general $2,338 · fundraising $0

  • 24c · Other expenses: BANK CHARGES

    total $1,851 · program services $0 · management and general $1,851 · fundraising $0

  • 24d · Other expenses: PRINTING & PUBLICATION

    total $4,642 · program services $4,642 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $32,820 · program services $18,399 · management and general $14,421 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $85,343 · end of year $75,767

  • 2 · Savings and temporary cash investments

    beginning of year $17,077,301 · end of year $17,322,722

  • 9 · Prepaid expenses and deferred charges

    beginning of year $117,846 · end of year $269,221

  • 10a · Land, buildings and equipment: cost or other basis

    $10,661,917

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,935,177

  • 10c · Land, buildings and equipment, net

    beginning of year $7,760,652 · end of year $8,726,740

  • 11 · Investments: publicly traded securities

    beginning of year $1,438,181 · end of year $1,618,902

  • 17 · Accounts payable and accrued expenses

    beginning of year $13,765 · end of year $11,340

  • 27 · Net assets without donor restrictions

    beginning of year $26,465,558 · end of year $28,002,012

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

Religious institution

  • The institute provided Meditation retreats, buddhist philosophy classes, personal guidance and counciling to numerous individuals all over the world.

    Expenses $17,453 · Grants $946

As filed on the 2024 return.

Listed in Part VII

  • Guo Hui Fa Shi

    President, Board Member

    Total calculated
    $0
    Hours/week
    2

  • Guo Xing Fa Shi

    Vice pres., Board Member

    Total calculated
    $1,200
    From this org
    $1,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Chang Hwa Fa Shi

    Director, Board Member

    Total calculated
    $1,200
    From this org
    $1,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    16

  • Chang Zhai Fa Shi

    Treasurer, Board Member

    Total calculated
    $0
    Hours/week
    16

  • Wen-Chiao Peng

    Secretary, Board Member

    Total calculated
    $0
    Hours/week
    2

  • Harry Miller

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Robert Lapides

    Board Member

    Total calculated
    $0
    Hours/week
    2

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.

Provenance

Return type
form_990
Tax year
2024
Filed
16 December 2025
IRS schema version
2024v5.2
Source object
202533509349301603

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