Overview
What is Bul Kwang Sa Inc?
Bul Kwang Sa Inc, based in Tappan, NY, is a nonprofit organization committed to promoting and fostering understanding of Korean history and Buddhism in the greater New York area. The organization also disseminates Buddhist philosophy and values to both the Korean American communities and the general public, aiming to cultivate tolerance and appreciation among diverse cultures. Bul Kwang Sa Inc offers various programs and activities, such as parental and personal development sessions, to help Korean immigrant parents better understand their American-born children and adapt to the American way of life. Furthermore, the organization organizes and maintains cultural, social, and recreational programs, including traditional art, music, calligraphy, animation, and sports activities, to further its mission.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 0%
Bul Kwang Sa Inc has received a Zero-Star out of Four Star rating from Charity Navigator, reflecting serious concerns regarding its accountability and financial practices. The overall score is particularly low due to the absence of independent board members, lack of key governance policies, and a failure to post important financial documents on its website. This score indicates a significant need for improvement in transparency and adherence to best practices.
The organization has some positive elements, such as a documented board meeting minutes policy and a low ratio of liabilities to assets, which suggests it is not heavily in debt. However, the absence of a conflict of interest policy, whistleblower policy, and other critical governance frameworks severely hampers its credibility and operational integrity. The missing elements signal a lack of safeguards that could protect stakeholders and ensure ethical management.
Overall, while Bul Kwang Sa Inc appears to maintain some organizational structure, its governance and financial accountability practices are concerning. Potential donors and supporters should consider these factors carefully when evaluating their contributions or involvement with the charity.
This AI summary has been generated from information found on Charity Navigator.
Is Bul Kwang Sa Inc legitimate?
Bul Kwang Sa Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bul Kwang Sa 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $71,098
For more financial information, click here
What is the mission statement of Bul Kwang Sa Inc?
Bul Kwang Sa Inc's mission is centered around promoting and fostering awareness of Korean history and Buddhism in broader communities. The organization seeks to disseminate Buddhist philosophy and values to both the Korean American communities and the general public. By doing so, Bul Kwang Sa Inc aims to facilitate tolerance and understanding among different cultures. The corporation also organizes various parental and personal developmental activities and programs to support Korean immigrant parents in understanding their second-generation Korean American children who are acclimated to American culture. Additionally, Bul Kwang Sa Inc maintains cultural, social, and recreational programs, such as traditional art, music, calligraphy, animation, and sports activities, to further its corporate objectives.
Who is the CEO of Bul Kwang Sa Inc?
Chang Soo An is the President of Bul Kwang Sa Inc.
What is the revenue of Bul Kwang Sa Inc?
Bul Kwang Sa Inc's revenue in 2022 was $495,056.
Who are the executives of Bul Kwang Sa Inc and what are their salaries?
The average compensation at Bul Kwang Sa Inc during 2022 was $10,157. There are 7 employees at Bul Kwang Sa Inc.
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Bul Kwang Sa Inc?
Bul Kwang Sa Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Bul Kwang Sa Inc
Bul Kwang Sa Inc, a nonprofit organization, is committed to fostering and promoting awareness of Korean history and Buddhism within the Greater New York area. The corporation's mission is multifaceted, aiming to disseminate Buddhist philosophy and values to both the Korean American communities and the general public. By doing so, Bul Kwang Sa Inc seeks to facilitate understanding and tolerance among various cultures.
In addition to this, Bul Kwang Sa Inc organizes and hosts various parental and personal developmental activities and programs. These initiatives are designed to support Korean immigrant parents in better understanding their second-generation Korean American children, who are native to the American culture. The organization also aims to facilitate effective adaptation to the American way of living.
Furthermore, Bul Kwang Sa Inc organizes and maintains various cultural, social, and recreational programs. These activities include traditional art, music, calligraphy, animation, and sports. These initiatives serve to further the corporation's purposes, providing a platform for cultural exchange and promoting harmony among different communities.
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Impact
July, 2024
Bul Kwang Sa Inc's impact is significant in promoting and fostering awareness of Korean history and Buddhism in the greater New York area. By disseminating information on Buddhist philosophy and values to the Korean American communities, the organization plays a key role in facilitating tolerance and understanding among different cultures. Additionally, Bul Kwang Sa Inc organizes various parental and personal developmental activities to support Korean immigrant parents in better understanding second-generation Korean Americans and adapting to the American way of living. The cultural, social, and recreational programs offered, including traditional art, music, calligraphy, animation, and sports activities, further contribute to the organization's corporate purposes and enrich the community it serves.
This information is meant to be a general summary of Bul Kwang Sa 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: $22,645
- Gross Receipts: $495,056
Assets and Liabilities:
- Total Assets: $2,308,299
- Total Liabilities: $90,156
- Net Assets: $2,218,143
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Organization Details
Phone
(845) 359-5151Principal Officer
Chang Soo An
Main Address
104 ROUTE 303, TAPPAN, NY, 10983
NTEE Category
Code: X50Z - Religion related
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