Civic Intelligence

Khmer Buddhist Society

EIN 91-1161948 • 501(c)3 • Seattle, WA

Profile

The khmer buddhist society exists for the spiritual life enrichment of its members.

3006 S Juneau StSeattle, WA 98108

www.facebook.com/wattchasseattle

Siviq Scores

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

Liabilities / Assets

19th percentile

0.00x

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

501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

20th percentile

0.00x

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

501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

33rd percentile

-2.2%

Higher net margin than 33% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

6th percentile

-37%

Faster asset growth than 6% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

7th percentile

-43%

Faster revenue growth than 7% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets19th percentile

Assets

Down

$1,079,504

Down $635,555 (-37%) from 2022

Liabilities

Down

$0

Down $15,000 (-100%) from 2022

Net Assets

Down

$1,079,504

Down $620,555 (-37%) from 2022

Operations
Liabilities / Revenue20th percentileNet Margin33rd percentile

Revenue

Down

$197,444

Down $146,898 (-43%) from 2022

Expenses

Down

$201,801

Down $15,814 (-7.3%) from 2022

Net Income

Down

-$4,357

Down $131,084 (-103%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth6th percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2018: $83,486Liabilities 2018: $0Net Assets 2018: $83,4862018Assets 2019: $31,084Liabilities 2019: $0Net Assets 2019: $31,0842019Assets 2020: $176,534Liabilities 2020: $149,900Net Assets 2020: $26,6342020Assets 2021: $563,332Liabilities 2021: $15,000Net Assets 2021: $548,3322021Assets 2022: $1,715,059Liabilities 2022: $15,000Net Assets 2022: $1,700,0592022Assets 2023: $1,079,504Liabilities 2023: $0Net Assets 2023: $1,079,5042023

Highlighted filing

2023

Assets$1,079,504
Liabilities$0
Net Assets$1,079,504
Open 2023 Filing

Operations Trend

Revenue Growth7th percentile

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

$800K$600K$400K$200K$0-$200KRevenue 2018: $198,762Expenses 2018: $115,276Net Income 2018: $83,4862018Revenue 2019: $544,919Expenses 2019: $597,321Net Income 2019: -$52,4022019Revenue 2020: $204,236Expenses 2020: $208,686Net Income 2020: -$4,4502020Revenue 2021: $691,313Expenses 2021: $169,615Net Income 2021: $521,6982021Revenue 2022: $344,342Expenses 2022: $217,615Net Income 2022: $126,7272022Revenue 2023: $197,444Expenses 2023: $201,801Net Income 2023: -$4,3572023

Highlighted filing

2023

Revenue$197,444
Expenses$201,801
Net Income-$4,357
Open 2023 Filing

Filings

Most recent year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,079,504
Liabilities
$0
Net assets
$1,079,504
Revenue
$197,444
Expenses
$201,801
Net income
-$4,357
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$1.08$0.00$1.08$0.20$0.20$0.00
2022Detailed filing. Detailed filing data is available for this year.$1.72$0.02$1.70$0.34$0.22$0.13
2021Detailed filing. Detailed filing data is available for this year.$0.56$0.02$0.55$0.69$0.17$0.52
2020Detailed filing. Detailed filing data is available for this year.$0.18$0.15$0.03$0.20$0.21$0.00
2019Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$0.54$0.60$0.05
2018Detailed filing. Detailed filing data is available for this year.$0.08$0.00$0.08$0.20$0.12$0.08
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jun 3, 2024
Return Version
2023v5.0
Gross Receipts
$197,444
Mission and Program Overview

Mission

The khmer buddhist society exists for the spiritual life enrichment of its members.

To bring spiritual enlightenment to the area

Balance Sheet Detail
LineBeginningEndChange
Assets
Pd in Cap Srpls Land Bldg Eqp Fund$1,016,365$1,079,504▲ $63,139
Land, Buildings, and Equipment, Net$1,016,365$999,100▼ $17,265
Rtn Earn Endowment Incm Other Fnds$683,694--
Cash and Non-Interest-Bearing Accounts$643,932$80,404▼ $563,528
Accounts Receivable$54,762--
Total Assets$1,715,059$1,079,504▼ $635,555
Liabilities
Unsecured Notes Loans Payable$15,000--
Total Liabilities$15,000$0▼ $15,000
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,700,059$1,079,504▼ $620,555
Total Liabilities and Net Assets / Fund Balance$1,715,059$1,079,504▼ $635,555
Compensation and Service Providers
Top Officer Pay40th percentile

Board Members and Trustees

NameTitle
Soveth MounPresident
Bhunda PhengHead Monk
Henry TechSecretary
Sopal ImTreasurer
Chantha Danny NuonVP
Revenue and Support

Revenue Composition

Contributions and Grants
$197,225
Program Service Revenue
$0
Investment Income
$219
Other Revenue
$0
All Other Contributions
$197,225
Change in Net Assets
$-4,357
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$201,801
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
Fees for Services Other---$184,186
Depreciation Depletion---$17,265
Fees for Services Accounting---$350
Total Functional Expenses$0$0$0$201,801
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
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
Khmer Buddhist Society
EIN
91-1161948
Phone
2064463570
Address
3006 S JUNEAU ST, Seattle, WA 98108
Doing Business As
Whatt Dhammacakarram

Signing Officer

Name
Soveth Moun
Title
President
Phone
2064463570
Signed
2024-06-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Soveth Moun
Formed
1982
Legal Domicile
Wa
Voting Board Members
0
Independent Board Members
0
Employees
0

Preparer

Firm
H and R Block
Address
160 SW 152ND ST, BURIEN, WA 98166
Preparer
Bruce Glidden
Phone
2062464592
Supplemental Narrative

Additional Explanations

VIII Line 9

“Contributions totaled in excess of $197,000 as the monastery met its spiritual goals.”

Partxi, Line 9

“There was a $616,198 reduction in the net assets of the monastery. The primary assets are the building and checking. I was not able to reconcile the two years and simply had to make an adjustment.”

Raw XML Appendix257 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CONTRIBUTIONS TOTALED IN EXCESS OF $197,000 AS THE MONASTERY MET ITS SPIRITUAL GOALS.
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
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