Civic Intelligence

Buddhist Tzu Chi Education Foundation

990 • Fiscal year 2017 • EIN 95-4579268

Jan 01, 2017 to Dec 31, 2017 • Filed on Jun 22, 2018

1920 S Brea Canyon Cutoff RoadWalnut, CA 91789

(909) 895-2125

Siviq Scores

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

Liabilities / Assets

57th percentile

0.14x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

43rd percentile

0.07x

Higher debt load relative to revenue than 43% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

62nd percentile

8.0%

Higher net margin than 62% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

80th percentile

20%

Faster asset growth than 80% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

45th percentile

2.5%

Faster revenue growth than 45% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$1,952,444

Up $326,755 (+20%) from 2016

Net Assets

Up

$1,674,065

Up $322,097 (+24%) from 2016

Liabilities

Up

$278,379

Up $4,658 (+1.7%) from 2016

Revenue

Up

$4,007,309

Up $95,968 (+2.5%) from 2016

Expenses

Down

$3,685,212

Down $689 (-0.0%) from 2016

Net Income

Up

$322,097

Up $96,657 (+43%) from 2016

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 2011: $585,606Liabilities 2011: $139,776Net Assets 2011: $445,8302011Assets 2012: $887,640Liabilities 2012: $233,243Net Assets 2012: $654,3972012Assets 2013: $1,142,332Liabilities 2013: $319,052Net Assets 2013: $823,2802013Assets 2014: $1,223,272Liabilities 2014: $219,337Net Assets 2014: $1,003,9352014Assets 2015: $1,350,103Liabilities 2015: $252,317Net Assets 2015: $1,097,7862015Assets 2016: $1,625,689Liabilities 2016: $273,721Net Assets 2016: $1,351,9682016Assets 2017: $1,952,444Liabilities 2017: $278,379Net Assets 2017: $1,674,0652017Assets 2018: $2,778,995Liabilities 2018: $412,105Net Assets 2018: $2,366,8902018Assets 2019: $3,038,230Liabilities 2019: $543,922Net Assets 2019: $2,494,3082019Assets 2020: $3,026,919Liabilities 2020: $1,227,703Net Assets 2020: $1,799,2162020Assets 2021: $2,709,237Liabilities 2021: $466,347Net Assets 2021: $2,242,8902021Assets 2022: $2,880,177Liabilities 2022: $627,657Net Assets 2022: $2,252,5202022Assets 2023: $3,050,651Liabilities 2023: $804,567Net Assets 2023: $2,246,0842023Assets 2024: $2,597,636Liabilities 2024: $710,133Net Assets 2024: $1,887,5032024

Highlighted filing

2017

Assets$1,952,444
Liabilities$278,379
Net Assets$1,674,065

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $1,426,653Expenses 2011: $1,317,335Net Income 2011: $109,3182011Expenses 2012: $1,755,1372012Revenue 2013: $2,227,238Expenses 2013: $2,058,355Net Income 2013: $168,8832013Revenue 2014: $3,161,550Expenses 2014: $3,080,222Net Income 2014: $81,3282014Revenue 2015: $3,505,504Expenses 2015: $3,413,391Net Income 2015: $92,1132015Revenue 2016: $3,911,341Expenses 2016: $3,685,901Net Income 2016: $225,4402016Revenue 2017: $4,007,309Expenses 2017: $3,685,212Net Income 2017: $322,0972017Revenue 2018: $4,850,714Expenses 2018: $4,587,847Net Income 2018: $262,8672018Revenue 2019: $5,288,229Expenses 2019: $4,892,342Net Income 2019: $395,8872019Revenue 2020: $3,292,688Expenses 2020: $3,987,780Net Income 2020: -$695,0922020Revenue 2021: $3,684,079Expenses 2021: $4,648,733Net Income 2021: -$964,6542021Revenue 2022: $5,597,776Expenses 2022: $5,588,146Net Income 2022: $9,6302022Revenue 2023: $6,108,392Expenses 2023: $6,114,828Net Income 2023: -$6,4362023Revenue 2024: $5,880,347Expenses 2024: $6,238,928Net Income 2024: -$358,5812024

Highlighted filing

2017

Revenue$4,007,309
Expenses$3,685,212
Net Income$322,097
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Jun 22, 2018
Return Version
2017v2.2
Gross Receipts
$4,020,356
Mission and Program Overview

Mission

Buddhist tzu chi education is a 501(c)(3) nonprofit charitable entity. To care with kindness, compassion, joy, giving. The corporation provides charitable humanitarian services to the community in need both domestic and aborad. The programs include preschool, kindergarden, elementary school, flower arrangement, tea tasting, camp and character education. All administrative support is provided by buddhist tzu chi foundation (id #94-2952782)

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$694,197$917,780▲ $223,583
Accounts Receivable$299,031$409,018▲ $109,987
Cash and Non-Interest-Bearing Accounts$205,374$272,396▲ $67,022
Land, Buildings, and Equipment, Net$286,752$246,663▼ $40,089
Inventories for Sale or Use$71,082$62,997▼ $8,085
Prepaid Expenses and Deferred Charges$36,003$38,605▲ $2,602
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Total Assets$1,625,689$1,952,444▲ $326,755
Other Assets Total$33,250$4,985▼ $28,265
Liabilities
Deferred Revenue$126,309$168,717▲ $42,408
Accounts Payable and Accrued Expenses$116,208$87,225▼ $28,983
Unsecured Notes Loans Payable$22,437$13,628▼ $8,809
Other Liabilities$8,767$8,809▲ $42
Total Liabilities$273,721$278,379▲ $4,658
Net Assets / Fund Balance
Unrestricted Net Assets$1,351,968$1,674,065▲ $322,097
Total Net Assets Fund Balance$1,351,968$1,674,065▲ $322,097
Total Liabilities and Net Assets / Fund Balance$1,625,689$1,952,444▲ $326,755

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$46,643$213,632$260,275
Leasehold Improvements$194,889$41,663$236,552
Other Land Buildings$5,131$24,058$29,189
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$783,269
Program Service Revenue
$3,211,992
Investment Income
$683
Other Revenue
$11,365
All Other Contributions
$8,657
Change in Net Assets
$322,097

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,007,309
Revenue Not Reported on Form 990
$96,112
Total Revenue per Audited Statements
$4,103,421
Total Revenue per Form 990
$4,007,309
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,711,206
Other Expenses$974,006
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,229,599$32,641-$2,262,240
Other Employee Benefits$258,542$3,545-$262,087
Occupancy$219,233$1,760-$220,993
Payroll Taxes$184,074$2,805-$186,879
All Other Expenses$123,563$1,660-$125,223
Fees for Services Other$57,089$1,852-$58,941
Other Expenses$55,147$71-$55,218
Depreciation Depletion$44,551$2,330-$46,881
Travel$22,735$256-$22,991
Office Expenses$15,091$207-$15,298
Advertising$13,035$104-$13,139
Conferences and Meetings$788$13-$801
Total Functional Expenses$3,560,606$124,606$0$3,685,212

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,781,324
Expenses per Audited Statements$3,685,212
Total Expenses per Form 990$3,685,212
Expenses Not Reported on Form 990$96,112
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Obligations Under Capital Lease$8,809
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
Other officer compensation reviewed
Yes
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, Line 11B: Form 990 Review Process

Form 990 is summited to the board for review and approval before filing can occur.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Organization regularly and consistenly monitor and enforce compliance with the conflict of interest policy.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The performance of the officers and key employees are reviewd on an annual basis. Most of the officers are volunteers and are not compensated. Adjustments to compensation for key employees are based on the annual performance review.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

The performance of the officers and key employees are reviewed on an annual basis. Most of the officers are volunteers and are not compensated. Adjustments to compensation for key employees are based on the annual performance review.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents avaialble to the public

Filing and Contact Details

Filer

Filer Name
Buddhist Tzu Chi Education Foundation
EIN
95-4579268
Phone
9098952125
Address
1920 S BREA CANYON CUTOFF ROAD, WALNUT, CA 91789

Signing Officer

Name
Paulina Luan
Title
CEO
Signed
2018-06-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paulina Luan
Formed
1996
Legal Domicile
CA
Voting Board Members
21
Independent Board Members
21
Employees
120
Volunteers
228

Preparer

Firm
Wei Wei & Co Llp
Address
13310 39TH AVE, FLUSHING, NY 11354-4400
Preparer
Steve Wei CPA
Phone
7184456308
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IRS990/Form990PartVIISectionAGrp/PersonNm20DEBRA BOUDREAUX
IRS990/Form990PartVIISectionAGrp/PersonNm21Linda Sun
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.60$0.71$1.89$5.88$6.24$0.36
2023Detailed filing. Detailed filing data is available for this year.$3.05$0.80$2.25$6.11$6.11$0.01
2022Detailed filing. Detailed filing data is available for this year.$2.88$0.63$2.25$5.60$5.59$0.01
2021Detailed filing. Detailed filing data is available for this year.$2.71$0.47$2.24$3.68$4.65$0.96
2020Detailed filing. Detailed filing data is available for this year.$3.03$1.23$1.80$3.29$3.99$0.70
2019Detailed filing. Detailed filing data is available for this year.$3.04$0.54$2.49$5.29$4.89$0.40
2018Detailed filing. Detailed filing data is available for this year.$2.78$0.41$2.37$4.85$4.59$0.26
2017Detailed filing. Detailed filing data is available for this year.$1.95$0.28$1.67$4.01$3.69$0.32
2016Detailed filing. Detailed filing data is available for this year.$1.63$0.27$1.35$3.91$3.69$0.23
2015Detailed filing. Detailed filing data is available for this year.$1.35$0.25$1.10$3.51$3.41$0.09
2014Detailed filing. Detailed filing data is available for this year.$1.22$0.22$1.00$3.16$3.08$0.08
2013Detailed filing. Detailed filing data is available for this year.$1.14$0.32$0.82$2.23$2.06$0.17
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.89$0.23$0.65$1.76
2011Summary only. Only limited summary data is available for this year.$0.59$0.14$0.45$1.43$1.32$0.11