Overview
What is Light World International Usa Corp?
Light World International Usa Corp, based in New York, NY, is a nonprofit organization that adheres to Buddhist teachings and practices. Serving as a Buddhist association, this organization provides a platform for individuals seeking spiritual enlightenment. It offers a range of programs and services to cater to their spiritual needs, fostering an environment of guidance and support in the heart of New York City.
Official website here: www.fufoundation.us
What are the reviews and ratings of this charity?
Charity Navigator Rating: 13% (Zero-Star out of Four Star rating)
Light World International USA Corp has received a very low score of 13% from Charity Navigator, reflecting significant concerns regarding its accountability and financial practices. The organization has no independent board members, which raises questions about governance and oversight. Additionally, the lack of essential policies such as conflict of interest and whistleblower protections contributes to its poor rating.
The organization is recognized for having no material diversion of assets, indicating that it has not mismanaged its funds in that regard. However, critical aspects such as the absence of documented board meeting minutes and missing tax forms on its website highlight serious transparency issues. Furthermore, the program expense ratio is reported at 0.00%, suggesting that the charity may not be effectively using its resources for its intended mission.
Overall, the low rating from Charity Navigator serves as a red flag for potential donors, suggesting that they should exercise caution and seek more information before contributing to Light World International USA Corp. The significant governance and financial management shortcomings noted in the review emphasize a need for improvement in these areas to enhance trust and accountability with stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Light World International Usa Corp legitimate?
Light World International Usa Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Light World International Usa Corp 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
Official website here: www.fufoundation.us
What is the mission statement of Light World International Usa Corp?
Light World International Usa Corp, as a Buddhist association, is dedicated to propagating Buddhist teachings and practices. Through its religious mission, the organization offers a variety of programs and services to individuals seeking spiritual guidance. Located in New York, NY, Light World International Usa Corp functions as a hub for those seeking to deepen their understanding of Buddhism and its principles, providing them with the necessary resources and guidance. The corporation's primary objective is to promote the values and practices of Buddhism, offering a supportive environment for personal growth and spiritual development.
Official website here: www.fufoundation.us
Who is the CEO of Light World International Usa Corp?
Fan Eng Chen is the President of Light World International Usa Corp.
Official website here: www.fufoundation.us
What is the revenue of Light World International Usa Corp?
Light World International Usa Corp's revenue in 2022 was $212,210.
Official website here: www.fufoundation.us
Who are the executives of Light World International Usa Corp and what are their salaries?
There 2 volunteers at Light World International Usa Corp.
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.fufoundation.us
Where can I find the form 990 for Light World International Usa Corp?
Light World International Usa Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fufoundation.us
Learn more at the official website: www.fufoundation.us
Mission Statement of Light World International Usa Corp
Light World International USA Corporation, as a Buddhist association, is dedicated to propagating Buddhist teachings and practices. This nonprofit organization serves as a beacon of spiritual guidance for individuals seeking enlightenment. Through its religious mission, Light World International USA Corporation provides various programs and services to cater to the spiritual needs of its community, operating in New York, NY.
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Impact
October, 2024
Light World International USA Corp significantly contributes to the spiritual landscape of New York by promoting Buddhist teachings and practices. Through its different programs and services, the organization provides essential spiritual guidance to individuals seeking a deeper understanding of Buddhism. By fostering community engagement and creating a supportive environment, Light World International aids in the personal and spiritual development of its members.
The organization serves as a vital resource for those exploring Buddhist philosophy, offering opportunities for meditation, education, and communal activities. Its focus on disseminating core Buddhist principles helps individuals cultivate mindfulness, compassion, and a sense of community, which can positively impact their lives and the wider society. Through these efforts, Light World International plays an important role in enhancing the cultural and spiritual diversity of New York, enriching the lives of those it serves.
This information is meant to be a general summary of Light World International Usa Corp. 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: $212,210
Assets and Liabilities:
- Total Assets: $1,339,977
- Total Liabilities: $240,000
- Net Assets: $1,099,977
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Organization Details
Founding Year
2008
Phone
(917) 599-7705Principal Officer
Fan Eng Chen
Main Address
31 MONROE ST APT 5F, New York, NY, 10002
Website
www.fufoundation.usNTEE Category
Code: X50 - Religion related
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