Civic Intelligence

Southern USA Falun Dafa Association

EIN 76-0692185 • 501(c)3 • Houston, TX

Profile

Promote Buddhism principles of Truthfulness, Compassion, and Tolerance

7001 Corporate Dr Ste 206Houston, TX 77036
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

100th percentile

4.54x

Higher debt load relative to assets than 100% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

57th percentile

0.21x

Higher debt load relative to revenue than 57% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

38th percentile

0.1%

Higher net margin than 38% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

23rd percentile

$0

Higher top officer pay than 23% of similar nonprofits.

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

501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

4th percentile

-38%

Faster asset growth than 4% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

49th percentile

6.6%

Faster revenue growth than 49% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Down

$411,700

Down $250,617 (-38%) from 2023

Liabilities

Down

$1,869,727

Down $260,617 (-12%) from 2023

Net Assets

Up

-$1,458,027

Up $10,000 (+0.7%) from 2023

Revenue

Up

$8,888,697

Up $547,586 (+6.6%) from 2023

Expenses

Up

$8,878,697

Up $534,290 (+6.4%) from 2023

Net Income

Up

$10,000

Up $13,296 (+403%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0-$2.0MAssets 2011: $224,958Liabilities 2011: $206,598Net Assets 2011: $18,3602011Assets 2012: $611,801Liabilities 2012: $326,529Net Assets 2012: $285,2722012Assets 2013: $326,527Liabilities 2013: $252,773Net Assets 2013: $73,7542013Assets 2014: $254,295Liabilities 2014: $177,684Net Assets 2014: $76,6112014Assets 2015: $186,892Liabilities 2015: $89,470Net Assets 2015: $97,4222015Assets 2016: $65,453Liabilities 2016: $13,632Net Assets 2016: $51,8212016Assets 2017: $255,463Liabilities 2017: $203,642Net Assets 2017: $51,8212017Assets 2018: $136,518Liabilities 2018: $84,697Net Assets 2018: $51,8212018Assets 2019: $235,832Liabilities 2019: $184,011Net Assets 2019: $51,8212019Assets 2020: $271,458Liabilities 2020: $1,021,499Net Assets 2020: -$750,0412020Assets 2021: $3,622,112Liabilities 2021: $4,350,007Net Assets 2021: -$727,8952021Assets 2022: $447,829Liabilities 2022: $1,912,560Net Assets 2022: -$1,464,7312022Assets 2023: $662,317Liabilities 2023: $2,130,344Net Assets 2023: -$1,468,0272023Assets 2024: $411,700Liabilities 2024: $1,869,727Net Assets 2024: -$1,458,0272024

Highlighted filing

2024

Assets$411,700
Liabilities$1,869,727
Net Assets-$1,458,027

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0-$5.0MRevenue 2011: $982,464Expenses 2011: $964,998Net Income 2011: $17,4662011Revenue 2012: $2,546,663Expenses 2012: $2,279,751Net Income 2012: $266,9122012Revenue 2013: $1,460,836Expenses 2013: $1,672,354Net Income 2013: -$211,5182013Revenue 2014: $1,483,899Expenses 2014: $1,481,042Net Income 2014: $2,8572014Revenue 2015: $1,751,335Expenses 2015: $1,730,524Net Income 2015: $20,8112015Revenue 2016: $3,074,633Expenses 2016: $3,072,125Net Income 2016: $2,5082016Revenue 2017: $5,292,506Expenses 2017: $5,292,506Net Income 2017: $02017Revenue 2018: $8,779,649Expenses 2018: $8,779,649Net Income 2018: $02018Revenue 2019: $6,648,760Expenses 2019: $6,648,760Net Income 2019: $02019Revenue 2020: $3,414,464Expenses 2020: $4,216,326Net Income 2020: -$801,8622020Revenue 2021: $4,922,503Expenses 2021: $4,976,290Net Income 2021: -$53,7872021Revenue 2022: $11,478,378Expenses 2022: $12,215,214Net Income 2022: -$736,8362022Revenue 2023: $8,341,111Expenses 2023: $8,344,407Net Income 2023: -$3,2962023Revenue 2024: $8,888,697Expenses 2024: $8,878,697Net Income 2024: $10,0002024

Highlighted filing

2024

Revenue$8,888,697
Expenses$8,878,697
Net Income$10,000

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.41$1.87$1.46$8.89$8.88$0.01
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.66$2.13$1.47$8.34$8.34$0.00
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.45$1.91$1.46$11.5$12.2$0.74
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.62$4.35$0.73$4.92$4.98$0.05
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.27$1.02$0.75$3.41$4.22$0.80
2019Summary only. Only limited summary data is available for this year.$0.24$0.18$0.05$6.65$6.65$0.00
2018Summary only. Only limited summary data is available for this year.$0.14$0.08$0.05$8.78$8.78$0.00
2017Summary only. Only limited summary data is available for this year.$0.26$0.20$0.05$5.29$5.29$0.00
2016Summary only. Only limited summary data is available for this year.$0.07$0.01$0.05$3.07$3.07$0.00
2015Summary only. Only limited summary data is available for this year.$0.19$0.09$0.10$1.75$1.73$0.02
2014Summary only. Only limited summary data is available for this year.$0.25$0.18$0.08$1.48$1.48$0.00
2013Summary only. Only limited summary data is available for this year.$0.33$0.25$0.07$1.46$1.67$0.21
2012Summary only. Only limited summary data is available for this year.$0.61$0.33$0.29$2.55$2.28$0.27
2011Summary only. Only limited summary data is available for this year.$0.22$0.21$0.02$0.98$0.96$0.02
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2021 below.

Jump To
Filing Snapshot
Filing Period
Oct 1, 2020 to Sep 30, 2021
Signed
Nov 11, 2022
Return Version
2020v4.0
Gross Receipts
$4,922,503
Mission and Program Overview

Mission

Promote Buddhism principles of Truthfulness, Compassion, and Tolerance

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$30,865$3,622,112▲ $3,591,247
Total Assets$30,865$3,622,112▲ $3,591,247
Liabilities
Accounts Payable and Accrued Expenses$83,573$3,628,607▲ $3,545,034
Unsecured Notes Loans Payable$621,400$721,400▲ $100,000
Total Liabilities$704,973$4,350,007▲ $3,645,034
Net Assets / Fund Balance
Net Assets With Donor Restrictions$0$0→ $0
Net Assets Without Donor Restrictions$-674,108$-727,895▼ $53,787
Total Net Assets Fund Balance$-674,108$-727,895▼ $53,787
Total Liabilities and Net Assets / Fund Balance$30,865$3,622,112▲ $3,591,247
Compensation and Service Providers

Board Members and Trustees

NameTitle
Howard SongPresident
Hongyi PanExecutive Director
Michael HwangSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$482,624
Program Service Revenue
$4,439,879
Investment Income
$0
Other Revenue
$0
All Other Contributions
$482,624
Change in Net Assets
$-53,787
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,976,290
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$1,399,291--$1,399,291
Occupancy$274,017$0-$274,017
Other Expenses$248,445$0$0$248,445
Travel$54,537--$54,537
Total Functional Expenses$4,976,290$0$0$4,976,290
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
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
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, Part VI, Section B, Line 11B

The organization has provided a complete copy of this Form 990 to all members of its governing body before filing the form

Form 990, Part VI, Section C, Line 19

The organization has made its governing documents, conflict of interest policy, and financial statements available to the public during the tax year.

Filing and Contact Details

Filer

Filer Name
Southern USA Falun Dafa Association
EIN
76-0692185
Address
7001 CORPORATE DR STE 206, HOUSTON, TX 77036

Signing Officer

Name
Michael Hwang
Title
CFO
Phone
7138198873
Signed
2022-11-11

Organization Details

Principal Officer
Michael Hwang
Formed
2001
Legal Domicile
TX
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
80
Raw XML Appendix298 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
IRS990/AccountantCompileOrReviewInd00
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IRS990/AdvertisingGrp/TotalAmt01399291
IRS990/AllOtherContributionsAmt0482624
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/BackupWthldComplianceInd01
IRS990/BenefitsToMembersGrp/ProgramServicesAmt00
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0Michael Hwang
IRS990/BooksInCareOfDetail/PhoneNum07138198873
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt07001 CORPORATE DR STE 206
IRS990/BooksInCareOfDetail/USAddress/CityNm0HOUSTON
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IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt00
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IRS990/CompDisqualPersonsGrp/FundraisingAmt00
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IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/TitleTxt0Executive Director
IRS990/Form990PartVIISectionAGrp/TitleTxt1President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
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IRS990/FSAuditedInd00
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IRS990/GainOrLossGrp/SecuritiesAmt00
IRS990/GamingActivitiesInd00
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IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt00
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IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
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IRS990/IndoorTanningServicesInd00
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IRS990/NoncashContributionsAmt00
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IRS990/OtherChangesInNetAssetsAmt00
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IRS990/OtherExpensesGrp/Desc1Production costs
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The organization has provided a complete copy of this Form 990 to all members of its governing body before filing the form
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organization has made its governing documents, conflict of interest policy, and financial statements available to the public during the tax year.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
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IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WhistleblowerPolicyInd01
ReasonableCauseExplanation/ExplanationTxt0Could not find enough qualified accounting accounting staff to finish work in time.
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CFO
ReturnHeader/BusinessOfficerGrp/PhoneNum07138198873
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SOUTHERN USA FALUN DAFA ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0SOUT
ReturnHeader/Filer/EIN0760692185
ReturnHeader/Filer/USAddress/AddressLine1Txt07001 CORPORATE DR STE 206
ReturnHeader/Filer/USAddress/CityNm0HOUSTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd077036
ReturnHeader/ReturnTs02022-11-11T09:47:44-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02020-10-01
ReturnHeader/TaxPeriodEndDt02021-09-30
ReturnHeader/TaxYr02020

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