Overview
What is Hwazan Buddhist Foundation?
The Hwazan Buddhist Foundation is a nonprofit organization that actively promotes Buddhism by leveraging the power of television. Their primary mission is to spread Buddhist teachings to a broad audience through a continuous 24-hour broadcasting program. By utilizing this medium, the foundation aims to engage and educate the general public about Buddhism, thereby fostering a deeper understanding and appreciation of its principles.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 52% (One-Star out of Four Star rating)
The Hwazan Buddhist Foundation has received a low rating of 52% from Charity Navigator, which indicates concerns regarding its accountability and financial practices. With a majority of its board members not being independent and poor performance in financial transparency, the foundation scores poorly in multiple key areas. This raises potential red flags for donors looking for robust governance and oversight.
Despite these issues, the organization does demonstrate strengths in certain financial metrics, such as a solid program expense ratio and a favorable liabilities to assets ratio. These aspects suggest that while the foundation may have governance challenges, it is effectively managing its program expenses relative to its overall assets.
However, the significant limitations in areas like board independence, financial reporting, and the absence of conflict of interest policies could be concerning for potential supporters. This lack of organizational transparency and accountability may impact donor confidence and could hinder the foundation's ability to attract further funding and support.
This AI summary has been generated from information found on Charity Navigator.
Is Hwazan Buddhist Foundation legitimate?
Hwazan Buddhist Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hwazan Buddhist Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Hwazan Buddhist Foundation?
The Hwazan Buddhist Foundation pursues its mission by promoting Buddhism through a 24-hour television program, aimed at engaging and educating the general public. This strategic initiative serves to broaden the reach and understanding of Buddhist teachings, fostering a wider appreciation of its principles. The foundation's activities are centered around utilizing media to disseminate Buddhist concepts, thereby encouraging spiritual growth and awareness among a diverse audience.
Who is the CEO of Hwazan Buddhist Foundation?
Jack Hsieh is the President, Director of Hwazan Buddhist Foundation.
What is the revenue of Hwazan Buddhist Foundation?
Hwazan Buddhist Foundation's revenue in 2022 was $1,719,123.
Who are the executives of Hwazan Buddhist Foundation and what are their salaries?
There 25 volunteers at Hwazan Buddhist Foundation.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Hwazan Buddhist Foundation?
Hwazan Buddhist Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hwazan Buddhist Foundation
The Hwazan Buddhist Foundation, a notable organization, is dedicated to propagating Buddhism. They achieve this mission through a 24-hour television program, designed to engage and educate the general public about Buddhist teachings and principles. This approach allows the foundation to reach a wide audience, fostering a broader understanding and appreciation of Buddhism.
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Impact
July, 2024
The Hwazan Buddhist Foundation has a significant impact on promoting Buddhism through its 24-hour TV program aimed at reaching the general public. This initiative not only educates and raises awareness about Buddhism but also helps in fostering a greater understanding and appreciation for the religion. The foundation's work contributes to the spiritual growth and well-being of individuals who may not have easy access to Buddhist teachings through traditional means. Through their TV program, they are able to reach a wide audience and make a positive impact on society by spreading the teachings and values of Buddhism.
This information is meant to be a general summary of Hwazan Buddhist Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $277
- Gross Receipts: $1,719,123
Assets and Liabilities:
- Total Assets: $1,885,324
- Total Liabilities: $0
- Net Assets: $1,885,324
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Organization Details
Founding Year
2003
Phone
(972) 769-8588Principal Officer
Jack Hsieh
Main Address
PO BOX 730, MERCER ISLAND, WA, 98040
NTEE Category
Code: X99 - Religion related
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