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Nonprofiteer
← BUDDHIST CHURCHES OF AMERICA-ENDOW

Form 990 for tax year 2022

Filed by BUDDHIST CHURCHES OF AMERICA-ENDOW.

Totals

Total revenue
$1,814,742
Total expenses
$2,226,640
Contributions and grants received
$1,337,458
Grants paid
$1,699,293
Program service revenue
$0
Investment income
$373,272
Other revenue
$104,012
Total assets, end of year
$39,474,142
Total liabilities, end of year
$19,930,684
Net assets or fund balances, end of year
$19,543,458
Program services expenses (Part IX)
$1,699,293
Management and general expenses
$362,751
Fundraising expenses
$164,596
Program service expenses (Part III)
$1,699,293

Program services were 76.3% 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

    $1,337,458

  • 1g · Noncash contributions included above

    $30,103

  • 3 · Investment income

    total $452,933 · excluded $452,933

  • 4 · Income from investment of tax-exempt bond proceeds

    total $343 · excluded $343

  • 7a · Gross sales of assets other than inventory

    securities $2,153,789

  • 7b · Less cost or other basis and sales expenses

    securities $2,233,793

  • 7c · Gain or loss

    securities -$80,004

  • 7d · Net gain or loss

    total -$80,004 · excluded -$80,004

  • 11a · Other revenue: CUSTODIAL MANAGEMENT FEE

    total $104,012 · excluded $104,012

  • 11e · Other revenue, total

    $104,012

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,699,293 · program services $1,699,293

  • 5 · Compensation of officers, directors and key employees

    total $170,501 · management and general $86,354 · fundraising $84,147

  • 7 · Other salaries and wages

    total $112,405 · management and general $56,930 · fundraising $55,475

  • 8 · Pension plan contributions

    total $2,702 · management and general $1,368 · fundraising $1,334

  • 9 · Other employee benefits

    total $1,052 · management and general $1,052

  • 10 · Payroll taxes

    total $18,325 · management and general $9,281 · fundraising $9,044

  • 11b · Fees: legal

    total $255 · management and general $255

  • 11c · Fees: accounting

    total $28,350 · management and general $28,350

  • 11f · Fees: investment management

    total $150,678 · management and general $150,678

  • 11g · Fees: other

    total $6,359 · management and general $6,359

  • 13 · Office expenses

    total $24,275 · management and general $9,679 · fundraising $14,596

  • 16 · Occupancy

    total $9,468 · management and general $9,468

  • 17 · Travel

    total $640 · management and general $640

  • 23 · Insurance

    total $2,117 · management and general $2,117

  • 24a · Other expenses: REGISTRATION FEES

    total $200 · management and general $200

  • 24b · Other expenses: BANK FEES

    total $20 · management and general $20

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $40,145

  • 2 · Savings and temporary cash investments

    beginning of year $579,812 · end of year $318,341

  • 3 · Pledges and grants receivable

    beginning of year $394,996 · end of year $289,144

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $3,284,904 · end of year $3,188,363

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $13,641,159 · end of year $13,478,485

  • 12 · Investments: other securities

    beginning of year $30,319,663 · end of year $22,157,264

  • 13 · Investments: program-related

    beginning of year $2,400 · end of year $2,400

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $11,629 · end of year $14,433

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $24,198,150 · end of year $19,916,251

  • 27 · Net assets without donor restrictions

    beginning of year $4,827,848 · end of year $3,546,629

  • 28 · Net assets with donor restrictions

    beginning of year $19,185,307 · end of year $15,996,829

Mission and programs · 2022

Mission

THE PURPOSE OF THIS CORPORATION IS TO SECURE A SOUND FINANCIAL BASE FOR THE PROPAGATION OF JODO SHINSHU HONGWANJI-HA BUDDHISM IN AMERICA.

  • SUPPORT OF BUDDHIST CHURCHES OF AMERICA FOR PROPAGATION OF SHIN BUDDHISM IN AMERICA.

    Expenses $926,793 · Grants $926,793

  • SUPPORT OF INSTITUTE OF BUDDHIST STUDIES FOR PROPAGATION OF SHIN BUDDHISM IN AMERICA.

    Expenses $772,500 · Grants $772,500

As filed on the 2022 return.

Listed in Part VII

  • Charles Ozaki

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Steven Terusaki

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Sam Sunada

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Roger Suekama

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Charlene Grinolds

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Gary Kitahata

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Dr Kent Matsuda

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Tom Nishikawa

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Steve Okamoto

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Rev Rinban Gerald Sakamoto

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Koichi Sayano

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Sumiye Tanabe

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Ken Tanimoto

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Gary Tanimura

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Richard Uyematsu

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Rev Haruo Seigen Yamaoka

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Hideaki Mizuno

    EXECUTIVE DIRECTOR

    Total calculated
    $170,502
    From this org
    $115,140
    From related orgs
    $0
    Other
    $55,362
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $115,140
    Bonus
    $0
    Other
    $0
    Deferred
    $10,820
    Nontaxable benefits
    $44,542
    Filer's total
    $170,502

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants 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.

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202343189349317339

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