Viet Nalanda Foundation Incorporated, Viet Vajra Foundation Incorporated in North Potomac, Maryland (MD)
Table of contents:
| Viet Nalanda Foundation Incorporated, Viet Vajra Foundation Incorporated | |
| Employer Identification Number (EIN) | 134318502 |
| Name of Organization | Viet Nalanda Foundation Incorporated |
| Secondary Name | Viet Vajra Foundation Incorporated |
| In Care of Name | Phuongthao B Luu |
| Address | 14905 Coles Chance Road, North Potomac, MD 20878 |
| Website | http://www.vietnalanda.org |
| Subsection | Religious Organization |
| Ruling Date | 06/2007 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 2009 |
| Assets | $10,000 to $24,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $22,436 |
| Amount of Income | $84,424 |
| Form 990 Revenue Amount | $84,424 |
| National Taxonomy of Exempt Entities (NTEE) | Religion-Related, Spiritual Development: Buddhist |
Non-representatives - add comments:
Amount of income in 2009: $84,424 (it was $60,050 in 2013)
| Viet Nalanda Foundation Incorporated, Viet Vajra Foundation Incorporated: | $84,424 |
| Other organizations performing similar types of work: | $68,913 |
Assets in 2009: $22,436 (it was $17,359 in 2013)
| Viet Nalanda Foundation Incorporated, Viet Vajra Foundation Incorporated: | $22,436 |
| Other organizations performing similar types of work: | $112,218 |
Expenses in 2013: $60,741
| This organization: | $60,741 |
| Other organizations performing similar types of work: | $50,512 |
Income to expenses ratio in 2013: 1.4
| This organization: | 1.4 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2013: 100.0%
| This organization: | 100.0% |
| Other organizations performing similar types of work: | 100.0% |
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $93,865 | $80,081 | $60,050 |
| Contributions, gifts, grants, and similar amounts received | $92,097 | $80,081 | $60,050 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $0 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $1,768 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $104,383 | $81,279 | $60,741 |
| Total net assets | $19,248 | $18,050 | $17,359 |
| Excess/Deficit for the year | $-10,518 | $-1,198 | $-691 |
| Net assets or fund balances at beginning of year | $29,766 | $19,248 | $18,050 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $18,050 | $17,359 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $19,248 | $18,050 | $17,359 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $19,248 | $18,050 | $17,359 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $439,672 |
| Subtotal | $439,672 |
| Gifts, grants, contributions, and membership fees received | $371,046 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $68,626 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| Less | $0 |
| Amounts received from disqualified persons | $0 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $439,672 |
| Public support | $439,672 |
| Subtotal | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | The Eternal Spring Association Inc | 6310 Manor Woods Rd, Frederick, MD 21703-7910 | MD | 2014-10 | $422,292 |
| 2 | Unified Buddhist Church Endowment | 5136 Dorsey Hall Dr, Ellicott City, MD 21042-7870 | MD | 2007-03 | $407,983 |
| 3 | Vien An Buddhist Association | 3007 Lindell St, Silver Spring, MD 20902-1211 | MD | 2004-02 | $171,385 |
| 4 | Mahamevnawa Meditation Center Of Greater Washington Dc | 9109 Rosemont Drive, Gaithersburg, MD 20877 | MD | 2012-02 | $152,596 |
| 5 | Viet Nalanda Foundation Incorporated, Viet Vajra Foundation Incorporated | 14905 Coles Chance Road, North Potomac, MD 20878 | MD | 2007-06 | $84,424 |
| 6 | Theravada Buddhist Association Of America | 4406 Windy Hill Rd, Randallstown, MD 21133-1412 | MD | 2010-02 | $62,921 |
| 7 | Nisala Arana Inc, Nisala Arana | 34 Brighton Dr, Gaithersburg, MD 20877-1840 | MD | 2014-09 | $47,294 |
| 8 | Art Of Peace Foundation | PO BOX 5734, Bethesda, MD 20824-5734 | MD | 2009-11 | $16,535 |
| 9 | American Zen College Of Marylandincorporated, American Zen College | 16815 Germantown Rd, Germantown, MD 20874-3014 | MD | 2006-11 | $0 |
| 10 | Bay Area Buddhist Exchange, The Buddhist Exchange | 1190 W Northern Pkwy Unit 814, Baltimore, MD 21210 | MD | 2004-02 | $0 |
| 11 | Benevolent Buddhist Temple Inc | 10411 Motor City Dr Ste 500, Bethesda, MD 20817-1005 | MD | 2010-03 | $0 |
| 12 | Burning House Zendo Inc | 3606 Crossland Ave, Baltimore, MD 21213-1007 | MD | 2002-02 | $0 |
| 13 | Dharma Works Foundation | 8 Clinton Hill Ct, Catonsville, MD 21228 | MD | 2012-03 | $0 |
| 14 | East Rock Sangha Inc | 7603 Nutwood Court, Derwood, MD 20855 | MD | 2012-09 | $0 |
| 15 | Falun Dafa Association Of Washington Dc Inc, Dba Falun Dafa Assoc Of Wa Dc | 12326 Herrington Manor Dr, Silver Spring, MD 20904-1674 | MD | 2002-06 | $0 |
| 16 | Giac Son Buddhist Temple | 11801 Laurel Bowie Rd, Laurel, MD 20708-9745 | MD | 2015-04 | $0 |
| 17 | Global Business Network | 41 Roosevelt Ave Unit H2, Aberdeen, MD 21001 | MD | 2007-05 | $0 |
| 18 | Institute For Zen Leadership | 1029 Park Rd, Crownsville, MD 21032 | MD | 2014-04 | $0 |
| 19 | Kadampa Meditation Center-Maryland, Emerson M Sanborn | 901 Dartmouth Rd, Baltimore, MD 21212-3226 | MD | 2001-10 | $0 |
| 20 | Overseas Hoa Hao Buddhist Congregational Church Inc | 585 E University Blvd, Silver Spring, MD 20901 | MD | 2014-08 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 2,050 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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