Civic Intelligence

San Francisco Falun Buddha Study Association

990 • Fiscal year 2020 • EIN 45-3139327

Jan 01, 2020 to Dec 31, 2020 • Filed on Aug 10, 2021

Organization Profile
1928 Otoole WaySan Jose, CA 95131

(415) 533-1969

Siviq Scores

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

Liabilities / Assets

99th percentile

1.89x

Higher debt load relative to assets than 99% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

65th percentile

0.39x

Higher debt load relative to revenue than 65% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

15th percentile

-17%

Higher net margin than 15% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

21st percentile

$0

Higher top officer pay than 21% of similar nonprofits.

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

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

1st percentile

-76%

Faster asset growth than 1% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

13th percentile

-33%

Faster revenue growth than 13% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets99th percentile

Assets

Down

$1,731,892

Down $5,426,232 (-76%) from 2019

Net Assets

Down

-$1,547,452

Down $1,417,530 (-1091%) from 2019

Liabilities

Down

$3,279,344

Down $4,008,702 (-55%) from 2019

Revenue And Expenses
Liabilities / Revenue65th percentileNet Margin15th percentile

Revenue

Down

$8,444,061

Down $4,109,273 (-33%) from 2019

Expenses

Down

$9,861,591

Down $2,202,074 (-18%) from 2019

Net Income

Down

-$1,417,530

Down $1,907,199 (-389%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth1st percentile

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

$10M$5.0M$0-$5.0MAssets 2011: $56,257Liabilities 2011: $34,251Net Assets 2011: $22,0062011Assets 2012: $1,017,173Liabilities 2012: $509,770Net Assets 2012: $507,4032012Assets 2013: $1,831,827Liabilities 2013: $1,772,860Net Assets 2013: $58,9672013Assets 2014: $1,765,305Liabilities 2014: $1,916,884Net Assets 2014: -$151,5792014Assets 2015: $2,387,197Liabilities 2015: $2,817,266Net Assets 2015: -$430,0692015Assets 2016: $2,909,708Liabilities 2016: $3,112,463Net Assets 2016: -$202,7552016Assets 2017: $4,923,074Liabilities 2017: $5,380,154Net Assets 2017: -$457,0802017Assets 2018: $8,367,534Liabilities 2018: $8,986,125Net Assets 2018: -$618,5912018Assets 2019: $7,158,124Liabilities 2019: $7,288,046Net Assets 2019: -$129,9222019Assets 2020: $1,731,892Liabilities 2020: $3,279,344Net Assets 2020: -$1,547,4522020Assets 2021: $6,296,319Liabilities 2021: $3,301,263Net Assets 2021: $2,995,0562021Assets 2022: $6,282,774Liabilities 2022: $5,856,542Net Assets 2022: $426,2322022Assets 2023: $6,159,137Liabilities 2023: $5,294,071Net Assets 2023: $865,0662023Assets 2024: $4,548,721Liabilities 2024: $3,989,150Net Assets 2024: $559,5712024

Highlighted filing

2020

Assets$1,731,892
Liabilities$3,279,344
Net Assets-$1,547,452
Open 2020 Filing

Operations Trend

Revenue Growth13th percentile

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

$20M$15M$10M$5.0M$0-$5.0MRevenue 2011: $21,000Expenses 2011: $94Net Income 2011: $20,9062011Revenue 2012: $1,694,870Expenses 2012: $1,209,473Net Income 2012: $485,3972012Revenue 2013: $1,943,248Expenses 2013: $2,391,684Net Income 2013: -$448,4362013Revenue 2014: $1,957,204Expenses 2014: $2,167,750Net Income 2014: -$210,5462014Revenue 2015: $2,251,830Expenses 2015: $2,530,320Net Income 2015: -$278,4902015Revenue 2016: $3,414,396Expenses 2016: $3,187,082Net Income 2016: $227,3142016Revenue 2017: $3,918,635Expenses 2017: $4,172,960Net Income 2017: -$254,3252017Revenue 2018: $6,661,682Expenses 2018: $6,823,193Net Income 2018: -$161,5112018Revenue 2019: $12,553,334Expenses 2019: $12,063,665Net Income 2019: $489,6692019Revenue 2020: $8,444,061Expenses 2020: $9,861,591Net Income 2020: -$1,417,5302020Revenue 2021: $14,265,205Expenses 2021: $9,722,697Net Income 2021: $4,542,5082021Revenue 2022: $4,174,161Expenses 2022: $6,742,985Net Income 2022: -$2,568,8242022Revenue 2023: $15,461,862Expenses 2023: $15,023,028Net Income 2023: $438,8342023Revenue 2024: $11,980,173Expenses 2024: $12,285,668Net Income 2024: -$305,4952024

Highlighted filing

2020

Revenue$8,444,061
Expenses$9,861,591
Net Income-$1,417,530
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Aug 10, 2021
Return Version
2020v4.0
Gross Receipts
$8,444,061
Mission and Program Overview

Mission

Foster the universal principles and values of "truthful, compassion and tolerant" through various forms including falun dafa (falun gong) studies, exercises and experience-sharing activities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Prepaid Expenses and Deferred Charges$6,497,116$1,324,819▼ $5,172,297
Cash and Non-Interest-Bearing Accounts$575,534$321,499▼ $254,035
Accounts Receivable$84,971$85,071▲ $100
Rtn Earn Endowment Incm Other Fnds$-129,922$-1,547,452▼ $1,417,530
Total Assets$7,158,124$1,731,892▼ $5,426,232
Other Assets Total$503$503→ $0
Liabilities
Other Liabilities$5,449,679$2,758,539▼ $2,691,140
Accounts Payable and Accrued Expenses$1,838,367$520,805▼ $1,317,562
Total Liabilities$7,288,046$3,279,344▼ $4,008,702
Net Assets / Fund Balance
Total Net Assets Fund Balance$-129,922$-1,547,452▼ $1,417,530
Total Liabilities and Net Assets / Fund Balance$7,158,124$1,731,892▼ $5,426,232
Compensation and Service Providers
Top Officer Pay21st percentile

Board Members and Trustees

NameTitle
Feng WangPresident
Ping ChenDirector
Stephanie LiDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$338,637
Program Service Revenue
$8,105,424
Investment Income
$0
Other Revenue
$0
All Other Contributions
$338,637
Change in Net Assets
$-1,417,530
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$9,861,591
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising$7,436,718--$7,436,718
All Other Expenses-$449,999-$449,999
Other Expenses$234,972--$234,972
Insurance-$1,905-$1,905
Total Functional Expenses$9,409,687$451,904$0$9,861,591
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Customer Deposit$2,520,979
Short Term Loan Payable$179,900
Payable to Falun Dafa Assoication$40,000
Payable to Acaf for Shenyun$17,600
Misc. Payable$60
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“The return has been prepared by independent accountant and it is reviewed by the directors of the board.”

Form 990, Page 6, Part VI, Line 12C

“Board members will review the compliance of "confilct of interest " twice a year to ensure the policy is enforced.”

Form 990, Page 6, Part VI, Line 18

“The return is availalbe to public upon request”

Form 990, Page 6, Part VI, Line 19

“Information is availalbe upon request”

Filing and Contact Details

Filer

Filer Name
San Francisco Falun Buddha Study
EIN
45-3139327
Address
1928 OTOOLE WAY, SAN JOSE, CA 95131

Signing Officer

Name
Feng Wang
Title
President
Signed
2021-08-10

Organization Details

Principal Officer
Feng Wang
Formed
2011
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Fan Wen CPA
Address
1611 BOREL PLACE SUITE NO3, SAN MATEO, CA 94403-3504
Preparer
Fan Wen
Phone
6504839747
Supplemental Narrative

Additional Explanations

Form 990, Part XII

“The entity has scheduled an audit to be conducted and completed by november 1st 2021.”

Raw XML Appendix307 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.

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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CUSTOMER DEPOSIT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SHORT TERM LOAN PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2PAYABLE TO FALUN DAFA ASSOICATION
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE RETURN HAS BEEN PREPARED BY INDEPENDENT ACCOUNTANT AND IT IS REVIEWED BY THE DIRECTORS OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS WILL REVIEW THE COMPLIANCE OF "CONFILCT OF INTEREST " TWICE A YEAR TO ENSURE THE POLICY IS ENFORCED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE RETURN IS AVAILALBE TO PUBLIC UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3INFORMATION IS AVAILALBE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ENTITY HAS SCHEDULED AN AUDIT TO BE CONDUCTED AND COMPLETED BY NOVEMBER 1ST 2021.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt08444061
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt07158124
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01731892
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
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IRS990/USAddress/CityNm0SAN JOSE
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IRS990/USAddress/ZIPCd095124
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0FENG WANG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-08-10
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ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0ASSOCIATION
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0944033504
ReturnHeader/PreparerPersonGrp/PhoneNum06504839747
ReturnHeader/PreparerPersonGrp/PreparationDt02021-09-20
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0FAN WEN
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02021-09-20T11:19:45-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0FENG
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0WANG
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,731,892
Liabilities
$3,279,344
Net assets
-$1,547,452
Revenue
$8,444,061
Expenses
$9,861,591
Net income
-$1,417,530
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.55$3.99$0.56$12.0$12.3$0.31
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.16$5.29$0.87$15.5$15.0$0.44
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.28$5.86$0.43$4.17$6.74$2.57
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.30$3.30$3.00$14.3$9.72$4.54
2020Detailed filing. Detailed filing data is available for this year.$1.73$3.28$1.55$8.44$9.86$1.42
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.16$7.29$0.13$12.6$12.1$0.49
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.37$8.99$0.62$6.66$6.82$0.16
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.92$5.38$0.46$3.92$4.17$0.25
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.91$3.11$0.20$3.41$3.19$0.23
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.39$2.82$0.43$2.25$2.53$0.28
2014Detailed filing. Detailed filing data is available for this year.$1.77$1.92$0.15$1.96$2.17$0.21
2013Detailed filing. Detailed filing data is available for this year.$1.83$1.77$0.06$1.94$2.39$0.45
2012Summary only. Only limited summary data is available for this year.$1.02$0.51$0.51$1.69$1.21$0.49
2011Summary only. Only limited summary data is available for this year.$0.06$0.03$0.02$0.02$0.00$0.02