Buddhist Churches Of America-Endow
- Assets
- $39.5m
- Revenue
- $1.8m
- Investments
- $22.2m
- Employees
- 4
- Location
- San Francisco, CA
- Founding
- 03/1967
- Data as of
- 12/2022
- EIN
- 94-2857583
Organization Overview
Buddhist Churches Of America-Endow is located in San Francisco, CA. The organization was established in 1967. According to its NTEE Classification (X50) the organization is classified as: Buddhism, under the broad grouping of Religion-Related and related organizations. As of 12/2022, Buddhist Churches Of America-Endow employed 4 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Buddhist Churches Of America-Endow 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 12/2022, Buddhist Churches Of America-Endow generated $1.8m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $2.2m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THIS CORPORATION IS TO SECURE A SOUND FINANCIAL BASE FOR THE PROPAGATION OF JODO SHINSHU HONGWANJI-HA BUDDHISM IN AMERICA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT OF BUDDHIST CHURCHES OF AMERICA FOR PROPAGATION OF SHIN BUDDHISM IN AMERICA.
SUPPORT OF INSTITUTE OF BUDDHIST STUDIES FOR PROPAGATION OF SHIN BUDDHISM IN AMERICA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Ozaki President | OfficerTrustee | 0.5 | $0 |
Steven Terusaki Vice President | OfficerTrustee | 0.5 | $0 |
Sam Sunada Treasurer | OfficerTrustee | 0.5 | $0 |
Roger Suekama Secretary | OfficerTrustee | 0.5 | $0 |
Charlene Grinolds Director | Trustee | 0.5 | $0 |
Gary Kitahata Director | Trustee | 0.5 | $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 | $1,337,458 |
| Noncash contributions included in lines 1a–1f | $30,103 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,337,458 |
| Total Program Service Revenue | $0 |
| Investment income | $452,933 |
| Tax Exempt Bond Proceeds | $343 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$80,004 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,814,742 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,699,293 |
| 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. | $170,501 |
| Compensation of current officers, directors, key employees. | $86,354 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $112,405 |
| Pension plan accruals and contributions | $2,702 |
| Other employee benefits | $1,052 |
| Payroll taxes | $18,325 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $255 |
| Fees for services: Accounting | $28,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $150,678 |
| Fees for services: Other | $6,359 |
| Advertising and promotion | $0 |
| Office expenses | $24,275 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,468 |
| Travel | $640 |
| 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 | $2,117 |
| All other expenses | $0 |
| Total functional expenses | $2,226,640 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,145 |
| Savings and temporary cash investments | $318,341 |
| Pledges and grants receivable | $289,144 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,188,363 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $13,478,485 |
| Investments—other securities | $22,157,264 |
| Investments—program-related | $2,400 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $39,474,142 |
| Accounts payable and accrued expenses | $14,433 |
| 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 | $19,916,251 |
| Total liabilities | $19,930,684 |
| Net assets without donor restrictions | $3,546,629 |
| Net assets with donor restrictions | $15,996,829 |
| 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 | $39,474,142 |
Grants Awarded
Over the last fiscal year, Buddhist Churches Of America-Endow has awarded $1,699,293 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BUDDHIST CHURCHES OF AMERICA PURPOSE: PROPAGATION OF SHIN BUDDHISM | $926,793 |
INSTITUE OF BUDDHIST STUDIES PURPOSE: PROPAGATION OF SHIN BUDDHISM | $772,500 |