Civic Intelligence

Ton Thang Monastery

990 • Fiscal year 2021 • EIN 84-3514653

Jan 01, 2021 to Dec 31, 2021 • Filed on Jul 05, 2022

237 W BroadwaySan Gabriel, CA 91776

(619) 792-8831

Siviq Scores

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

Liabilities / Assets

77th percentile

0.35x

Higher debt load relative to assets than 77% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

86th percentile

0.87x

Higher debt load relative to revenue than 86% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

100th percentile

100%

Higher net margin than 100% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

41st percentile

$12,000

Higher top officer pay than 41% of similar nonprofits.

Top officer pay equals 0.9% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

98th percentile

293%

Faster asset growth than 98% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

99th percentile

2049%

Faster revenue growth than 99% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$3,263,974

Up $2,434,186 (+293%) from 2020

Net Assets

Up

$2,128,974

Up $2,099,318 (+7079%) from 2020

Liabilities

Up

$1,135,000

Up $334,868 (+42%) from 2020

Revenue

Up

$1,299,186

Up $1,238,721 (+2049%) from 2020

Expenses

Down

$0

Down $54,399 (-100%) from 2020

Net Income

Up

$1,299,186

Up $1,293,120 (+21318%) from 2020

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2019: $0Net Assets 2019: $02019Assets 2020: $829,788Liabilities 2020: $800,132Net Assets 2020: $29,6562020Assets 2021: $3,263,974Liabilities 2021: $1,135,000Net Assets 2021: $2,128,9742021Assets 2022: $3,643,866Liabilities 2022: $1,101,220Net Assets 2022: $2,542,6462022Assets 2023: $3,574,734Liabilities 2023: $1,105,907Net Assets 2023: $2,468,8272023Assets 2024: $3,900,129Liabilities 2024: $1,532,852Net Assets 2024: $2,367,2772024

Highlighted filing

2021

Assets$3,263,974
Liabilities$1,135,000
Net Assets$2,128,974

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2019: $02019Revenue 2020: $60,465Expenses 2020: $54,399Net Income 2020: $6,0662020Revenue 2021: $1,299,186Expenses 2021: $0Net Income 2021: $1,299,1862021Revenue 2022: $903,937Expenses 2022: $490,265Net Income 2022: $413,6722022Revenue 2023: $280,626Expenses 2023: $354,445Net Income 2023: -$73,8192023Revenue 2024: $346,065Expenses 2024: $447,615Net Income 2024: -$101,5502024

Highlighted filing

2021

Revenue$1,299,186
Expenses$0
Net Income$1,299,186
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Jul 5, 2022
Return Version
2021v4.2
Gross Receipts
$1,421,857
Mission and Program Overview

Mission

Provide spiritual guidance to buddhist worshippers

Provide spiritual guidance to buddhist worshippers.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net-$2,542,646-
Rtn Earn Endowment Incm Other Fnds$829,788$2,128,974▲ $1,299,186
Cash and Non-Interest-Bearing Accounts$829,788$721,328▼ $108,460
Total Assets$829,788$3,263,974▲ $2,434,186
Liabilities
Other Liabilities-$1,135,000-
Total Liabilities$0$1,135,000▲ $1,135,000
Net Assets / Fund Balance
Total Net Assets Fund Balance$829,788$2,128,974▲ $1,299,186
Total Liabilities and Net Assets / Fund Balance$829,788$3,263,974▲ $2,434,186

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,469,468-$2,469,468
Leasehold Improvements$40,178-$40,178
Equipment$33,000-$33,000
Compensation and Service Providers

Employees

NameTitleBaseTotal
Phong HuynhPresident$12,000$12,000
Revenue and Support

Revenue Composition

Contributions and Grants
$1,421,857
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$-122,671
Change in Net Assets
$1,299,186
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$0
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Gaming Direct Expenses$122,671
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Mid-Autumn-$-555,916-$-555,916
New Year-$-865,941-$-865,941
Total Events-$-1,421,857-$-1,421,857
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Cogswell First Mortgage Loan$1,135,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

Committee review documents accuracy of information report and additional comment will be provide before the form is submitted.

Governing documents etc available to public Part VI line 19

All document are available under request for public and have to approve by committee of the organization.

Filing and Contact Details

Filer

Filer Name
Ton Thang Monastery
EIN
84-3514653
Address
237 W BROADWAY, San Gabriel, CA 91776
Doing Business As
Ton Thang Monastery

Signing Officer

Name
Phong Q Huynh
Title
President
Phone
6197928831
Signed
2022-07-05
Discuss with paid preparer
No

Organization Details

Formed
2021
Legal Domicile
CA
Voting Board Members
2
Independent Board Members
0
Employees
2
Volunteers
20

Preparer

Firm
Hbr Tax & Accounting Service
Address
9111-9115 Valley Blvd, Rosemead, CA 91770
Preparer
Ryan Luong CPA Ea
Phone
6262887674
Raw XML Appendix249 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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IRS990/GoverningBodyVotingMembersCnt02
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IRS990/IndivRcvdGreaterThan100KCnt00
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IRS990/IRPDocumentCnt00
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IRS990/LocalChaptersInd0false
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IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd0false
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IRS990/Organization501c3Ind0X
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IRS990ScheduleA/ChurchInd0X
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ReturnHeader/ReturnTs02022-07-25T19:33:12-04:00
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ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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