Civic Intelligence

Hoi Phat Tu Lac Phap

990 • Fiscal year 2020 • EIN 32-0384435

Jan 01, 2020 to Dec 31, 2020 • Filed on Mar 15, 2021

9353 Bolsa AveWestminster, CA 92683

(714) 837-1296

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2020

Liabilities / Revenue

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

43rd percentile

1.0%

Higher net margin than 43% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

2nd percentile

-100%

Faster asset growth than 2% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

30th percentile

-37%

Faster revenue growth than 30% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Down

$0

Down $4,414 (-100%) from 2019

Net Assets

Down

$0

Down $4,414 (-100%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue

Down

$21,912

Down $13,088 (-37%) from 2019

Expenses

Down

$21,688

Down $14,621 (-40%) from 2019

Net Income

Up

$224

Up $1,533 (+117%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0K$4.0K$2.0K$0Assets 2013: $0Liabilities 2013: $0Net Assets 2013: $02013Assets 2014: $2,335Liabilities 2014: $0Net Assets 2014: $2,3352014Assets 2015: $2,400Liabilities 2015: $0Net Assets 2015: $2,4002015Assets 2018: $5,723Liabilities 2018: $0Net Assets 2018: $5,7232018Assets 2019: $4,414Liabilities 2019: $0Net Assets 2019: $4,4142019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021Assets 2024: $2,998Net Assets 2024: $2,9982024

Highlighted filing

2020

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$40K$30K$20K$10K$0-$10KRevenue 2013: $3,378Expenses 2013: $2,032Net Income 2013: $1,3462013Revenue 2014: $33,700Expenses 2014: $31,365Net Income 2014: $2,3352014Revenue 2015: $11,800Expenses 2015: $11,735Net Income 2015: $652015Revenue 2018: $20,668Expenses 2018: $22,869Net Income 2018: -$2,2012018Revenue 2019: $35,000Expenses 2019: $36,309Net Income 2019: -$1,3092019Revenue 2020: $21,912Expenses 2020: $21,688Net Income 2020: $2242020Revenue 2021: $7,610Expenses 2021: $5,763Net Income 2021: $1,8472021Revenue 2024: $4,500Expenses 2024: $4,506Net Income 2024: -$62024

Highlighted filing

2020

Revenue$21,912
Expenses$21,688
Net Income$224
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Mar 15, 2021
Return Version
2020v4.1
Gross Receipts
$21,912
Mission and Program Overview

Mission

To build a strong bridge between vietnamese buddhist in the us and building social happiness, frienship between communities and mutual assistance

To preserve ethnic herritage traits of vietnamese buddhist culture and traditions.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$4,414--
Rtn Earn Endowment Incm Other Fnds$4,414--
Pd in Cap Srpls Land Bldg Eqp Fund$0--
Cap Stk Tr Prin Current Funds$0--
Total Assets$4,414$0▼ $4,414
Other Assets Total$0--
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$4,414$0▼ $4,414
Total Liabilities and Net Assets / Fund Balance$4,414$0▼ $4,414
Compensation and Service Providers

Board Members and Trustees

NameTitle
Tony TranPresident
Revenue and Support

Revenue Composition

Contributions and Grants
$21,912
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$6,112
Change in Net Assets
$224
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$21,688
Total Fundraising Expense$18,000
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$1,200$1,000$18,000$20,200
Office Expenses$1,488$0$0$1,488
Total Functional Expenses$2,688$1,000$18,000$21,688
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Hoi Phat Tu Lac Phap
EIN
32-0384435
Phone
7148371296
Address
9353 BOLSA AVE, WESTMINSTER, CA 92683
Doing Business As
Delight of Dharma Buddhist Foundation

Signing Officer

Name
Tony Tran
Title
President
Phone
7148371296
Signed
2021-03-15

Organization Details

Principal Officer
Tony Tran
Formed
2011
Legal Domicile
CA
Voting Board Members
2
Independent Board Members
0
Employees
2
Volunteers
0

Preparer

Firm
Quynh T Ho
Address
8512 WESTMINSTER BLVD SUITE B, WESTMINSTER, CA 92683
Preparer
Quynh Ho
Phone
6572277183
Supplemental Narrative

Additional Explanations

Pt VI, Line 8B

Meetings held are documented.

Pt VI, Line 11B

Copies of tax return will be provided to board members.

Pt VI, Line 8A

ACTIONS ARE WRITTEN .

Raw XML Appendix244 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO PRESERVE ETHNIC HERRITAGE TRAITS OF VIETNAMESE BUDDHIST CULTURE AND TRADITIONS.
IRS990/AllOtherContributionsAmt06112
IRS990/BackupWthldComplianceInd0false
IRS990/BooksInCareOfDetail/PersonNm0TONY TRAN
IRS990/BooksInCareOfDetail/PhoneNum07148371296
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IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt021912
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt021688
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0224
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt021688
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IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt021912
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IRS990/DeductibleArtContributionInd0false
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IRS990/Desc0GRANTS AND CONTRIBUTIONS
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02011
IRS990/FormerOfcrEmployeesListedInd0false
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IRS990/FundraisingAmt015800
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt02
IRS990/GrantAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt021912
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0CA
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MiscellaneousRevenueGrp/ExclusionAmt00
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt00
IRS990/MiscellaneousRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/MissionDesc0TO PRESERVE ETHNIC HERRITAGE TRAITS OF VIETNAMESE BUDDHIST CULTURE AND TRADITIONS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt04414
IRS990/NetAssetsOrFundBalancesEOYAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt00
IRS990/OfficeExpensesGrp/ProgramServicesAmt01488
IRS990/OfficeExpensesGrp/TotalAmt01488
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherExpensesGrp/Desc0DONATION TO BAT NHA TEMPLE
IRS990/OtherExpensesGrp/FundraisingAmt018000
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IRS990/OtherExpensesGrp/ProgramServicesAmt01200
IRS990/OtherExpensesGrp/TotalAmt020200
IRS990/OtherRevenueTotalAmt00
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0TONY TRAN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt035000
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt036309
IRS990/PYOtherRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-1309
IRS990/PYTotalExpensesAmt036309
IRS990/PYTotalRevenueAmt035000
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0224
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt021912
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IRS990ScheduleA/ChurchInd0X
IRS990ScheduleA/InvestmentIncomeCYPct00
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IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990/ScheduleBRequiredInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACTIONS ARE WRITTEN .
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ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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Filings

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2020 filings • 501(c)3 • <$500k nonprofits