Overview
What is Nechung Foundation Inc?
The Nechung Foundation Inc, situated in Poughquag, New York, serves as a dedicated platform for the promotion of Tibetan Buddhism. Acting as a Buddhist organization, the foundation carries out various initiatives and programs aimed at upholding and propagating the Tibetan Buddhism religion. Their mission is multifaceted, extending beyond religious dissemination, encompassing several projects and activities that contribute to the preservation and growth of this religious tradition.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 35%, Zero-Star out of Four Star rating.
The Nechung Foundation Inc has received a low rating of 35%, indicating significant concerns regarding its accountability and financial practices. The score is based entirely on accountability factors, with the organization lacking independent board members and essential governance policies such as a conflict of interest policy and a whistleblower policy.
Despite the absence of material diversion of assets, which is a positive aspect with a full score of 10 out of 10, the foundation's overall governance practices have raised red flags. Additionally, the missing documentation, such as meeting minutes and tax forms on its website, further contribute to the low rating. While the program expense ratio is commendable at 88.70%, reflecting a strong commitment to program spending, the overall governance issues overshadow this strength.
This AI summary has been generated from information found on Charity Navigator.
Is Nechung Foundation Inc legitimate?
Nechung Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nechung Foundation 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: $4,360
Other Salaries and Wages: $0
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What is the mission statement of Nechung Foundation Inc?
The Nechung Foundation, as a devoted advocate for Tibetan Buddhism, pursues its mission by implementing various initiatives and programs. Acting as a Buddhist organization, its primary goal is to foster and propagate the teachings and practices of Tibetan Buddhism. The foundation aims to increase understanding and appreciation of this religious tradition, fostering a sense of community and spiritual growth among its followers. Through its initiatives, the Nechung Foundation seeks to preserve and promote the rich cultural heritage associated with Tibetan Buddhism, ensuring its continued relevance and impact in contemporary times.
Who is the CEO of Nechung Foundation Inc?
Tenzin Lama is the Director of Nechung Foundation Inc.
What is the revenue of Nechung Foundation Inc?
Nechung Foundation Inc's revenue in 2022 was $66,599.
Who are the executives of Nechung Foundation Inc and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for Nechung Foundation Inc?
Nechung Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Nechung Foundation Inc
The Nechung Foundation, a dedicated organization, is committed to the promotion of Tibetan Buddhism religion. In pursuit of this mission, the foundation engages in various initiatives and programs, acting as a beacon for this spiritual practice. As a Buddhist organization, it operates to foster an understanding and appreciation of Tibetan Buddhism, contributing to its continued growth and influence.
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Impact
August, 2024
The impact of Nechung Foundation Inc includes promoting the Tibetan Buddhism religion through various initiatives and programs. It operates as a Buddhist organization in Poughquag, NY, and plays a significant role in spreading awareness about Tibetan Buddhism. Through its activities, the foundation helps preserve and enrich the cultural and spiritual heritage of Tibetan Buddhism for the benefit of its practitioners and the wider community.
This information is meant to be a general summary of Nechung Foundation 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.
- Gross Receipts: $66,599
Assets and Liabilities:
- Total Assets: $685,000
- Total Liabilities: $685,000
- Net Assets: $0
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Organization Details
Founding Year
1996
Phone
(917) 755-5976Principal Officer
Tenzin Lama
Main Address
537 DEPOTHILL ROAD, POUGHQUAG, NY, 12570
NTEE Category
Code: Q710 - International
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