International Buddhism Friendship Association in Chicago, Illinois (IL)

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International Buddhism Friendship Association
Employer Identification Number (EIN)364260824
Name of OrganizationInternational Buddhism Friendship Association
Address2249 Wentworth Ave, Chicago, IL 60616-2011
SubsectionReligious Organization
Ruling Date09/2003
DeductibilityContributions are deductible
FoundationChurch
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2012
Assets$1,000,000 to $4,999,999
Income$100,000 to $499,999
Filing Requirement990 - Not required to file (church)
Asset Amount$1,098,477
Amount of Income$154,896
Form 990 Revenue Amount$142,796
National Taxonomy of Exempt Entities (NTEE)Religion-Related, Spiritual Development: Buddhist


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Amount of income in 2012: $154,896
This organization: 

 $154,896
Other organizations performing similar types of work: 

 $124,542

Assets in 2012: $1,098,477
International Buddhism Friendship Association: 

 $1,098,477
Other organizations performing similar types of work: 

 $386,585

Expenses in 2001: $59,519
International Buddhism Friendship Association: 

 $59,519
Other organizations performing similar types of work: 

 $134,571

Income to expenses ratio in 2001: 1.0
This organization: 

 1.0
Other organizations performing similar types of work: 

 1.8

Expenses allocated to program services in 2001: 0.0%
International Buddhism Friendship Association: 

 0.0%
Other organizations performing similar types of work: 

 72.9%

Grants share in income in 2001: 98.0%
This organization: 

 98.0%
Other organizations performing similar types of work: 

 96.3%

Financial snapshot ($)

Revenue for 2001

Assets at end of 2001

Functional Expenses for 2001 ($)

Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001
Total revenue$53,951$56,561
Contributions, gifts, grants, and similar amounts received$53,951$55,405
Contributions to donor advised funds
Direct public support$53,951$55,405
Indirect public support$0$0
Government contributions (grants)$0$0
Program service revenue including government fees and contracts$0$0
Membership dues and assessments$0$0
Interest on savings and temporary cash investments$0$1,156
Dividends and interest from securities$0$0
Net rental income or (loss)$0$0
Gross rents$0$0
Less: rental expenses$0$0
Other investment income$0$0
Gain or (loss) from sales of assets other than inventory$0$0
Gross amount from sales of assets other than inventory$0$0
Less: cost or other basis and sales expenses$0$0
Net income or (loss) from special events and activities$0$0
Gross revenue$0$0
Less: direct expenses other than fundraising expenses$0$0
Gross profit or (loss) from sales of inventory$0$0
Gross sales of inventory, less returns and allowances$0$0
Less: cost of goods sold$0$0
Other revenue$0$0
Total expenses$56,147$59,519
Program services$0$0
Management and general$56,147$59,519
Fundraising$0$0
Payments to affiliates$0$0
Net assets or fund balances at end of year$141,823$138,865
Excess or (deficit) for the year$-2,196$-2,958
Net assets or fund balances at beginning of year$144,019$141,823
Other changes in net assets or fund balances$0$0
Statement of Functional Expenses (for 2001)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$59,519$0$59,519$0
Grants paid from donor advised funds
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$0$0$0$0
Compensation of former officers, directors, key employees, etc.
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Salaries and wages of employees not included above$0$0$0$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$0$0$0$0
Payroll taxes$0$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$0$0$0$0
Legal fees$0$0$0$0
Supplies$2,482$0$2,482$0
Telephone$529$0$529$0
Postage and shipping$720$0$720$0
Occupancy$0$0$0$0
Equipment rental and maintenance$0$0$0$0
Printing and publications$0$0$0$0
Travel$481$0$481$0
Conferences, conventions, and meetings$0$0$0$0
Interest$8,383$0$8,383$0
Depreciation, depletion, etc.$5,640$0$5,640$0
Other expenses not covered above$41,284$0$41,284$0
Balance Sheets
20002001
Total assets$249,229$244,684
Cash - non-interest-bearing$2,567$3,662
Savings and temporary cash investments$0$0
Accounts receivable less allowance for doubtful accounts$0$0
Pledges receivable less allowance for doubtful accounts$0$0
Grants receivable$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Other notes and loans receivable less allowance for doubtful accounts$0$0
Inventories for sale or use$0$0
Prepaid expenses and deferred charges$0$0
Investments - publicly-traded securities
Investments - other securities$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0
Investments - other$0$0
Land, buildings, and equipment less accumulated depreciation$246,662$241,022
Other assets, including program-related investments$0$0
Total liabilities$107,406$105,819
Accounts payable and accrued expenses$0$0
Grants payable$0$0
Deferred revenue$0$0
Loans from officers, directors, trustees, and key employees$0$0
Tax-exempt bond liabilities$0$0
Mortgages and other notes payable$107,406$105,819
Other liabilities$0$0
Total liabilities and net assets/fund balances$249,229$244,684
Total net assets or fund balances$141,823$138,865
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001
Total revenue$-2,196$-2,958
Total revenue, gains, and other support per audited financial statements$-2,196$-2,958
Other expenses$0$0
Net unrealized gains on investments$0$0
Donated services and use of facilities$0$0
Recoveries of prior year grants$0$0
Other$0$0
Other revenue$0$0
Investment expenses$0$0
Other$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001
Total expenses$0$0
Total expenses and losses per audited financial statements$0$0
Other revenue$0$0
Donated services and use of facilities$0$0
Prior year adjustments$0$0
Losses$0$0
Other$0$0
Other expenses$0$0
Investment expenses$0$0
Other$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings0
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?
Does the organization have a written conflict of interest policy?
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?
Did the organization acquire a direct or indirect interest in any applicable insurance contract?
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?
Number of employees employed in the pay period that includes March 12, 20060
Analysis of Income-Producing Activities (for 2001)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$0$0
Program service revenue
Program service revenue 1000000$000$0$0
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$000$0$0
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$000$0$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2001)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2001)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2001)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
Enter the total number of donor advised funds owned at the end of the tax year
Enter the aggregate value of assets held in all donor advised funds owned at the end of the tax year
Enter the total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts
Enter the aggregate value of assets held in all funds or accounts included above at the end of the tax year
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that normally receives: less than 1/3 of its support from gross investment income and unrelated taxable business income and more than 1/3 of its support from contribution, membership fees
Support Schedule
19992000
Total$0$53,951
Gifts, grants, and contributions received$0$53,951
Membership fees received$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0
Net income from unrelated business activities not included above$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0
Other income$0$0
Lobbying Expenditures by Electing Public Charities (for 2001)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$125,914
Contributions, Gifts, Grants and Other Similar Amounts$111,947
Program Service Revenue$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$0
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$13,967
Gross sales of inventory, less returns and allowances$23,248
Less: cost of goods sold$9,281
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2011)
Total functional expenses$94,377
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$0
Payroll taxes$0
Professional fundraising services$0
Other$94,377
Balance Sheet (for 2011)
Total assets$1,091,478
Total liabilities$453,225
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$348,452
Unsecured notes and loans payable to unrelated third parties$104,773
Total net assets or fund balances$638,253
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2011)
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
Support Schedule for Organizations Described in Section 509(a)(2) (for 2011)
2007 - 2011 Total
Total support$478,230
Gifts, grants, contributions, and membership fees received$387,230
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$91,000
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
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$0
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Chung Te Buddhist Association Of New York Inc152 Henry St # 154, New York, NY 10002-6432NY1979-08$1,981,982
2Jain Society Of Metropolitan Chicago Inc435 N Rt 59, Bartlett, IL 60103IL1975-12$1,183,192
3Sayaji U Ba Khin Vipassana FoundationPO BOX 1167, North Fork, CA 93643-1167CA1984-05$1,072,446
4Purple Lotus Temple636 San Mateo Ave, San Bruno, CA 94066-3612CA1993-05$1,032,398
5Mongkoltepmunee Buddist Temple3304 Knights Rd, Bensalem, PA 19020-2819PA1986-01$374,706
6Won Buddhism Of The Usa Inc4253 Muncaster Mill Rd, Rockville, MD 20853-1430MD1991-02$219,701
7Evangelize China Fellowship Inc437 S Garfield Ave, Monterey Park, CA 91754-3328CA1958-01$193,559
8L A Buddhist Temple Of The Jingaksect524 S Serrano Ave, Los Angeles, CA 90020-3954CA1991-09$159,748
9International Buddhism Friendship Association2249 Wentworth Ave, Chicago, IL 60616-2011IL2003-09$154,896
10United Lodge Of Theosophists347 E 72nd St, New York, NY 10021-4602NY1963-01$127,332
11Lin Du Temple562 Somerset St, San Francisco, CA 94134-1739CA1998-12$21,688
12Illinois Vipassana Association10076 Fish Hatchery Rd, Pecatonica, IL 61063-9023IL2000-09$368,073
13Dharmata Foundation235 Washington Ave, Richmond, CA 94801-3901CA2007-03$190,186
14Maitreya Buddhist Institute880 Evans Road, Milpitas, CA 95035CA2006-09$122,700
15Jay Maldi Ma Temple4n256 Il Route 83, Bensenville, IL 60106-2821IL2009-07$83,243
16Fu Yuan Buddhist Center Of America1261 Harrison St, Oakland, CA 94612-3912CA2009-03$78,548
17Buddhist Social Services Center10502 Orangewood Ave, Garden Grove, CA 92840-1602CA2006-11$45,491
18Callipeplon Society680 Salmela Rd, Philo, CA 95466-9412CA1984-07$27,497
19Northwest Arkansas Lao Association604 N Old Missouri Rd, Springdale, AR 72764-3639AR2007-01$23,634
20Arkansas International Buddhistsociety4601 N O St, Fort Smith, AR 72904-6611AR2007-08$0
21Aung Mangalar Buddhis Temple369 Saint Francis Blvd, Daly City, CA 94015-2134CA2004-04$0
22Dharma Heart Zen Center Hoshin-Ji14267 Highland Ave, Guerneville, CA 95446-9506CA2006-12$0
Number of organizations performing similar types of work
Alabama1
Arkansas2
California22
Colorado1
Georgia1
Hawaii1
Illinois5
Massachusetts2
Maryland2
New Jersey3
New York5
Pennsylvania1
South Carolina2
Texas1
Virginia1
Washington1
Total51

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