Land Of Samantabhadra Institute
- Assets
- $101.5k
- Revenue
- $237.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Torrance, CA
- Founding
- 09/2009
- Data as of
- 06/2024
- EIN
- 26-2922322
Organization Overview
Land Of Samantabhadra Institute is located in Torrance, CA. The organization was established in 2009. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Land Of Samantabhadra Institute 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 06/2024, Land Of Samantabhadra Institute generated $237.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (9.2%) each year. All expenses for the organization totaled $254.8k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (8.8%) per year over the past 9 years. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE TIBETAN BUDDHISM THROUGH THE PRACTICE OF NYINGMA LINEAGE TEACHINGS AND TO HELP PRACTIONERS RECOGNIZE THE ESSENCE OF MIND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN BUDDHISM, TEMPLES ARE USED FOR PRAYING, WORSHIPING, MEDITATING AND OTHER TEACHINGS. IN ORDER TO FURTHER ACHIEVE OUR MAIN MISSION TO PROMOTING THE NYINGMA SCHOOL OF TIBETAN BUDDHISM, THE ORGANIZATION SPONSORED THE CONSTRUCTION OF A TEMPLE WITH THE MONASTERY IN KUNZANGLING. IT IS LOCATED IN THE HISTORICAL AREA OF BHUTAN, ONE OF PADMASAMBHAVA'S HOLY RETREATS AS WELL AS ONE OF LONGCHENPA'S EIGHT HOLY PLACES. THE CONSTRUCTION WAS APPROVED BY THE DIVISION FOR CONSERVATION OF HERITAGE SITES OF DEPARTMENT OF CULTURE ON 10/28/2011.THE CONSTRUCTION STARTED UPON THE CONCLUSION OF THE GROUND BREAKING CEREMONY IN NOVEMBER,2011. DURING THE CONSTRUCTION PERIOD, EIGHT TRADITIONAL TIBETAN BUDDHIST CEREMONIES WERE HELD. EACH CEREMONY WAS CONDUCTED BY SEVERAL HONORABLE LAMAS WITH HUNDREDS OF DHARMA PRACTITIONERS FROM LOCAL AND OVERSEAS.THE GRANTS WERE USED IN CELEBRATING BUDDHIST FESTIVALS, CONDUCTING EDUCATIONAL SEMINARS AND OFFERINGS TO MONKS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karma Jigme President | OfficerTrustee | 20 | $0 |
Chuang-Chun Lin Secretary | OfficerTrustee | 10 | $0 |
Ling Ling Chai Director | Trustee | 10 | $0 |
Ai-Wen Hsu Director | Trustee | 5 | $0 |
Helen Lifang Liu Director | Trustee | 5 | $0 |
Jung Lung Lo Director | Trustee | 5 | $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 | $236,603 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $236,603 |
| Total Program Service Revenue | $1,220 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $237,823 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $690 |
| Fees for services: Accounting | $0 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $254,776 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $101,545 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $101,545 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $101,545 |
| 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 | $101,545 |