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← SAN FRANCISCO FALUN BUDDHA STUDY ASSOCIATION

Form 990 for tax year 2023

Filed by SAN FRANCISCO FALUN BUDDHA STUDY ASSOCIATION.

Totals

Total revenue
$15,461,862
Total expenses
$15,023,028
Contributions and grants received
$223,161
Grants paid
$0
Program service revenue
$15,128,646
Investment income
$63,215
Other revenue
$46,840
Total assets, end of year
$6,159,137
Total liabilities, end of year
$5,294,071
Net assets or fund balances, end of year
$865,066
Program services expenses (Part IX)
$14,987,178
Management and general expenses
$35,850
Fundraising expenses
$0
Program service expenses (Part III)
$14,987,178

Program services were 99.8% 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.

  • 1f · All other contributions, gifts and grants

    $223,161

  • 2a · Program service revenue: PROGRAM SERVICE REVENUE

    total $15,128,646 · related or exempt $15,128,646

  • 3 · Investment income

    total $63,215 · related or exempt $63,215

  • 11a · Other revenue: OTHER REVENUE

    total $46,840 · related or exempt $46,840

  • 11e · Other revenue, total

    $46,840

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $31,146 · program services $15,573 · management and general $15,573

  • 11g · Fees: other

    total $160,000 · program services $160,000

  • 12 · Advertising and promotion

    total $6,719,770 · program services $6,719,770

  • 23 · Insurance

    total $939 · management and general $939

  • 24a · Other expenses: PRODUCTION - PERFORMANCE

    total $4,245,000 · program services $4,245,000

  • 24b · Other expenses: PRODUCTION-VENUE RELATED

    total $1,503,742 · program services $1,503,742

  • 24c · Other expenses: PRODUCTION - GROUP TRAVEL

    total $719,736 · program services $719,736

  • 24d · Other expenses: COGS- TICKET FOR RESALE

    total $505,717 · program services $505,717

  • 24e · All other expenses

    total $1,136,978 · program services $1,117,640 · management and general $19,338

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,239,371 · end of year $2,695,673

  • 4 · Accounts receivable

    beginning of year $418,111 · end of year $8,610

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,888,794 · end of year $3,046,010

  • 15 · Other assets

    beginning of year $736,498 · end of year $408,844

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,226,119 · end of year $668,923

  • 25 · Other liabilities

    beginning of year $4,630,423 · end of year $4,625,148

  • 31 · Retained earnings, endowment or other funds

    beginning of year $426,232 · end of year $865,066

Mission and programs · 2023

Mission

SERVE TO FOSTER THE UNIVERSAL PRINCIPLES AND VALUES OF "TRUTHFULNESS, COMPASSION AND TOLERANCE" THROUGH VARIOUS FORMS INCLUDING FALUN DAFA (FALUN GONA) STUDIES, EXERCISES AND EXPERIENCE SHARING ACTIVITIES, AS WELL AS OTHER RELEVANT SPIRITUAL, CULTURAL AND ARTISTIC EVENTS.

  • TO PROVIDE ANCIENT CLASSIC CHINESE DANCING SHOW, SHENYUN PERFORMING ARTS, TO A LARGE AUDIENCE: THESE SHOWS REFLECT TRADITIONAL CHINESE ART AND VALUE: AND THESE SHOWS REFLECT UNIVERSAL PRINCIPLES AND VALUES OF "TRUTHFUL, COMPASSION AND TOLERANT".

    Expenses $14,987,178

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Feng Wang

    PRESIDENT

    Total calculated
    $0
    Hours/week
    40

  • Ping Chen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    30

  • Stephanie Li

    DIRECTOR

    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.

Provenance

Return type
form_990
Tax year
2023
Filed
31 October 2024
IRS schema version
2023v5.0
Source object
202403099349302875

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