Vien An Buddhist Association
- Assets
- $4.7m
- Revenue
- $553.5k
- Investments
- $0.0
- Employees
- 4
- Location
- Silver Spring, MD
- Founding
- 02/2004
- Data as of
- 12/2021
- EIN
- 22-3882768
Organization Overview
Vien An Buddhist Association is located in Silver Spring, MD. The organization was established in 2004. According to its NTEE Classification (X50) the organization is classified as: Buddhism, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Vien An Buddhist Association employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vien An Buddhist Association is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Vien An Buddhist Association generated $553.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.9% each year . All expenses for the organization totaled $132.2k during the year ending 12/2021. While expenses have increased by 7.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
VIEN AN BUDDHIST ASSOCIATION'S MISSION IS TO PROVIDE RITUAL ACTIVITIES INCLUDING PRAYER SERVICES, SPIRITUAL CONSULTING AND BUDDHISM EDUCATION TO THE PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LUNA NEW YEARLUNA NEW YEAR BEGINS ON THE 1ST DAY OF THE 1ST MONTH OF THE LUNAR CALENDAR, AND IS CELEBRATED UNTIL THE 15TH DAY OF THE SAME MONTH. THE CELEBRATION CONTINUES UNTIL APRIL. IT IS A TIME OF CELEBRATION AND REUNION OF FAMILIES AND FRIENDS. IT IS CUSTOMARY FOR PEOPLE TO VISIT ONE ANOTHER, WISHING FOR HEALTH AND HAPPINESS. THE MONASTERY, IN PARTICULAR, USUALLY GREETS UP TO 6 TOUR BUSES OF VISITORS AS THEY PAY RESPECT TO BUDDHA, OFFER PRAYERS TO THEIR DEPARTED RELATIVES, AND TAKE PART IN THE CELEBRATION OF NEW YEAR AT THE MONASTERY. THE VEGETARIAN LUNCH OFFERED TO ALL.
LE VU LANVU LAN "ULLAMBANA" IS COMMEMORATED ON THE 15TH DAY OF THE 7TH MONTH OF THE LUNAR CALENDAR DURING THE MONTH OF AUGUST THROUGH DECEMBER. IT IS A DAY FOR BUDDHIST DISCIPLES TO SHOW RESPECT AND APPRECIATION TO THEIR PARENTS, LIVING AND DEPARTED, MUCH LIKE MOTHER'S DAY AND FATHER'S DAY IN WESTERN CULTURE. IT IS CUSTOMARY TO WEAR A ROSE, WHERE WHITE PAYS RESPECT AND COMMEMORATES ONE'S PARENT(S) THAT HAVE PASSED AWAY, AND RED CELEBRATES THE HEALTH OF THE ONES LIVING. THE VEGETARIAN LUNCH OFFERED TO ALL.
BUDDHA'S BIRTHDAYVESAK IS CONSIDERED THE HOLIEST DAY FOR BUDDHISM AND OCCURS ON THE 15TH DAY OF THE 4TH MONTH OF THE LUNAR CALENDAR. IT CELEBRATES THE BIRTTH, ENLIGHTENMENT, AND ATTAINMENT OF NIRVANA OF THE BUDDHA. BUDDHIST DISCIPLES GATHER AT THE MONASTERY TO PAY RESPECT, AND LISTEN TO DHARMA TEACHING, AS WELL AS ENJOY THE VEGETARIAN CULINARY EXPERIENCE. THE CELEBRATION ACTIVITIES NORMALLY TAKE PLACE IN APRIL THROUGH JULY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Loan Phuong Nguyen Secretary | OfficerTrustee | 30 | $5,880 |
Thien Chau Nguyen President | OfficerTrustee | 60 | $5,880 |
Loan T Ton Nu Vice President | OfficerTrustee | 30 | $5,880 |
Phuong Bich Nguyen Treasurer | OfficerTrustee | 30 | $5,880 |
Betty Hanh Pham Assistant To Secretary | Trustee | 10 | $0 |
Mina Nguyen Assistant To Treasurer | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $550,834 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $550,834 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,634 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $553,468 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,030 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $23,520 |
| Compensation of current officers, directors, key employees. | $7,056 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $148 |
| Payroll taxes | $1,799 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,500 |
| Fees for services: Accounting | $3,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $53,647 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $37,378 |
| Travel | $1,863 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $871 |
| Insurance | $6,394 |
| All other expenses | $0 |
| Total functional expenses | $132,150 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $680,765 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4,003,570 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $5,917 |
| Other assets | $0 |
| Total assets | $4,690,252 |
| Accounts payable and accrued expenses | $10,282 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $1,745,052 |
| Other liabilities | $0 |
| Total liabilities | $1,755,334 |
| Net assets without donor restrictions | $2,934,918 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,690,252 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Vien An Buddhist Association has recieved totaling $248.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $248 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Falun Dafa Association Of Washington Dc Inc Silver Spring, MD | $2,193,898 | $2,904,846 |
Ligmincha International Inc Shipman, VA | $3,616,918 | $1,093,375 |
Won Edification Center Ofpennsylvania Inc Glenside, PA | $5,565,953 | $442,842 |
Mongkoltepmunee Buddist Temple Bensalem, PA | $6,198,387 | $527,741 |
Won Buddhism Of The Usa Inc Rockville, MD | $2,656,575 | $337,112 |
Unified Buddhist Church Endowment Ellicott City, MD | $1,746,578 | $82,522 |
Khmer Buddhist Humanity Association Inc Philadelphia, PA | $5,074,682 | $1,080,927 |
Auspicious Cloud Buddhist Mediation Association Haymarket, VA | $932,455 | $496,388 |
Wat Nirodharangsee Stanardsville, VA | $538,982 | $778,371 |
Vietnamese Buddhist Association Centreville, VA | $399,290 | $233,873 |
Hoa Nghiem Pagoda Fort Belvoir, VA | $2,388,683 | $322,261 |
Benevolent Buddhist Temple Inc Bethesda, MD | $1,194,465 | $1,163,582 |