Overview
What is The New York Buddhist Vihara Foundation?
The New York Buddhist Vihara Foundation is a nonprofit organization situated in Hollis, New York. Its primary purpose is to serve as a sanctuary for followers of Buddhism, providing a dedicated space for their spiritual practices and worship. Established at 214-22 Spencer Avenue, this foundation aims to foster a spiritual community for Buddhists, acting as a place of worship and gathering.
Official website here: www.nybv.us
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (56%)
The New York Buddhist Vihara Foundation has received a One-Star out of Four Star rating from Charity Navigator, reflecting a score of 56%. This rating signals significant concerns regarding the organization's accountability and financial practices, particularly highlighted by the absence of independent board members and missing essential policies such as conflict of interest and whistleblower protections.
Despite these weaknesses, the organization demonstrates some positive aspects, including a strong program expense ratio of 88.83%, indicating that a substantial portion of its budget is dedicated to its charitable programs. Additionally, the organization has not experienced any material diversion of assets, which is a positive indicator of its financial integrity. However, the lack of independent oversight and foundational policies may undermine donor confidence.
Overall, while the New York Buddhist Vihara Foundation has strengths in program execution, the deficiencies in governance and accountability practices require attention. Prospective donors may want to consider these factors carefully before contributing.
This AI summary has been generated from information found on Charity Navigator.
Is The New York Buddhist Vihara Foundation legitimate?
The New York Buddhist Vihara Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The New York Buddhist Vihara 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.
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Official website here: www.nybv.us
What is the mission statement of The New York Buddhist Vihara Foundation?
The New York Buddhist Vihara Foundation's primary mission is to serve as a sanctuary for individuals practicing Buddhism. More specifically, the organization aims to establish a temple where members of the Buddhist faith can engage in worship. This temple serves as a spiritual haven, providing a space for Buddhists to connect with their beliefs and community. The foundation's mission is centered around fostering a spiritual environment that supports the religious practices and beliefs of Buddhists.
Official website here: www.nybv.us
Who is the CEO of The New York Buddhist Vihara Foundation?
Aluthgama Dhammajothi is the Treasurer of The New York Buddhist Vihara Foundation.
Official website here: www.nybv.us
What is the revenue of The New York Buddhist Vihara Foundation?
The New York Buddhist Vihara Foundation's revenue in 2022 was $114,454.
Official website here: www.nybv.us
Who are the executives of The New York Buddhist Vihara Foundation and what are their salaries?
Here are 14 key members and their salaries:
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Official website here: www.nybv.us
Where can I find the form 990 for The New York Buddhist Vihara Foundation?
The New York Buddhist Vihara Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nybv.us
Learn more at the official website: www.nybv.us
Mission Statement of The New York Buddhist Vihara Foundation
The New York Buddhist Vihara Foundation serves as a hub for followers of Buddhism, dedicating its mission to providing a temple for the worship of its members. This nonprofit organization aims to offer a place of devotion and spiritual practice for individuals adhering to the Buddhist faith. By establishing a temple, the New York Buddhist Vihara Foundation fosters a sacred space for its members to connect with their beliefs, engage in religious activities, and deepen their spiritual journey.
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Impact
October, 2024
The New York Buddhist Vihara Foundation significantly contributes to the spiritual and cultural landscape by providing a dedicated space for worship to members of the Buddhist faith in Hollis, NY. By establishing a temple, it fosters a sense of community and belonging among practitioners, allowing them to engage in religious ceremonies, meditation, and educational programs. This space also serves as a hub for cultural preservation, where teachings and traditions can be shared and celebrated, promoting understanding and appreciation of Buddhism in a diverse society. The foundation enhances the spiritual well-being of its members, offering them a peaceful environment for reflection and connection with their faith.
This information is meant to be a general summary of The New York Buddhist Vihara 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: $188
- Gross Receipts: $114,454
Assets and Liabilities:
- Total Assets: $1,734,539
- Total Liabilities: $252,300
- Net Assets: $1,482,239
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Organization Details
Founding Year
1989
Phone
(718) 468-4262Principal Officer
Aluthgama Dhammajothi
Main Address
214-22 SPENCER AVENUE, HOLLIS, NY, 11427
Website
www.nybv.usNTEE Category
Code: X50 - Religion related
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