Overview
What is Chung Te Buddhist Association Of New York Inc?
Chung Te Buddhist Association of New York Inc is a nonprofit organization situated at 152-154 Henry Street, New York, NY 10002. Their primary mission is to offer a conducive environment for individuals to explore various religions and philosophies, such as Tien-Tao, Buddhism, Taoism, and Confucianism. They provide facilities, reading materials, and services for worship, meditation, practice, and volunteering activities. Their activities include daily and Sunday school services catering to adults, youths, and children. The association's purpose is to facilitate the study, worship, research, lecturing, and volunteering of these religions and philosophies, fostering spiritual growth and community engagement.
What are the reviews and ratings of this charity?
Charity Navigator Rating 90% - Four-Star out of Four Star Rating
Chung Te Buddhist Association of New York Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting strong performance in accountability and finance. The organization demonstrates a high level of transparency and governance, with 88% of its board members being independent. Its commitment to ethical standards is evident through its comprehensive conflict of interest and whistleblower policies.
Financially, the association has shown exemplary management, with a program expense ratio of 100%, indicating that all of its funds are directed towards its programs and services. The absence of liabilities and a robust audit and oversight committee further reinforce the organization's fiscal responsibility. These factors contribute to its high accountability score.
While the data highlights significant strengths in governance and financial management, there are no noted limitations. Overall, the rating signifies that Chung Te Buddhist Association of New York Inc is a trustworthy organization dedicated to its mission and effectively managing its resources.
This AI summary has been generated from information found on Charity Navigator.
Is Chung Te Buddhist Association Of New York Inc legitimate?
Chung Te Buddhist Association Of New York Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chung Te Buddhist Association Of New York Inc 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:
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What is the mission statement of Chung Te Buddhist Association Of New York Inc?
The Chung Te Buddhist Association of New York Inc is committed to offering facilities, reading materials, and resources to encourage individuals in exploring various religions and philosophies, such as Tien-Tao, Buddhism, Taoism, and Confucianism. The organization provides opportunities for studying, worshipping, meditating, practicing, researching, lecturing, and volunteering in these beliefs. They offer educational services through daily and Sunday schools, catering to adults, youths, and children, fostering a community for spiritual growth and engagement.
Who is the CEO of Chung Te Buddhist Association Of New York Inc?
Oi Yin Koo is the Director, President of Chung Te Buddhist Association Of New York Inc.
What is the revenue of Chung Te Buddhist Association Of New York Inc?
Chung Te Buddhist Association Of New York Inc's revenue in 2022 was $1,219,146.
Who are the executives of Chung Te Buddhist Association Of New York Inc and what are their salaries?
There 150 volunteers at Chung Te Buddhist Association Of New York Inc.
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Where can I find the form 990 for Chung Te Buddhist Association Of New York Inc?
Chung Te Buddhist Association Of New York Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Chung Te Buddhist Association Of New York Inc
The Chung Te Buddhist Association of New York Inc is committed to offering a conducive environment for individuals seeking to delve into the study, worship, meditation, practice, research, lecturing, and volunteering of various religions and philosophies. The organization's mission extends to religions such as Tien-Tao, Buddhism, Taoism, and Confucianism, amongst others. The association provides daily and Sunday school services, catering to adults, youths, and children, enabling them to partake in these spiritual activities. The Chung Te Buddhist Association of New York Inc goes beyond offering facilities; it also provides an extensive knowledgebase and resources, allowing individuals to engage in these religious and philosophical pursuits comprehensively.
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Impact
August, 2024
Chung Te Buddhist Association Of New York Inc provides facilities, reading materials, and services to enable individuals of all ages to engage in the studying, worshipping, meditating, practicing, researching, and volunteering aspects of various religions and philosophies, including Tien-Tao, Buddhism, Taoism, and Confucianism. By offering daily and Sunday school services and worshipping opportunities to adults, youths, and children, the organization plays a significant role in fostering spiritual growth and community engagement within the local area. Their impact can be seen in the enrichment of individuals' understanding of diverse beliefs and practices, as well as the creation of a welcoming space for personal development and exploration of faith.
This information is meant to be a general summary of Chung Te Buddhist Association Of New York Inc. 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: $158,531
- Gross Receipts: $1,219,146
Assets and Liabilities:
- Total Assets: $43,809,615
- Total Liabilities: $0
- Net Assets: $43,809,615
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Organization Details
Founding Year
1977
Phone
(212) 962-5661Principal Officer
Oi Yin Koo
Main Address
152-154 Henry Street, New York, NY, 10002
NTEE Category
Code: X500 - Religion related
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