Overview
What is Hyolmo Society Of America?
The Hyolmo Society of America is a nonprofit organization situated in Elmhurst, New York. Its primary aim is to support the Hyolmo indigenous community residing in the United States by providing necessary services. In addition, the society promotes and preserves the rich Buddhism culture and traditions among the American populace. Their programs focus on assisting fellow Hyolmo community members in times of need. The Hyolmo Society of America serves as a platform to foster unity and cultural exchange within the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two Stars (Needs Improvement)
The Hyolmo Society of America has received a two-star rating from Charity Navigator, indicating a need for improvement despite a solid accountability and finance score of 100%. This rating highlights the charity’s strengths in governance, with a majority of board members being independent (66%) and effective policies in place regarding conflict of interest, whistleblower protection, and document retention.
However, the organization faces challenges reflecting in its program expense ratio of 56.84%, which may suggest that a lower portion of its resources is dedicated to direct program services compared to best practices. Additionally, the independent board size of only two members raises concerns about governance and oversight capacity, which may impact the charity's overall effectiveness and reputation.
In summary, while the Hyolmo Society of America demonstrates strong financial accountability and compliance with governance policies, there are significant areas for improvement, particularly in enhancing program spending and expanding board membership for better oversight.
This AI summary has been generated from information found on Charity Navigator.
Is Hyolmo Society Of America legitimate?
Hyolmo Society Of America is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hyolmo Society Of America 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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What is the mission statement of Hyolmo Society Of America?
The Hyolmo Society of America aims to establish an organization for the Hyolmo indigenous community residing in the United States. Its primary objective is to deliver essential services to those in need within this community. Furthermore, the society is committed to promoting Buddhism culture and traditions among people in America. The organization facilitates support among its members and works towards preserving and sharing their cultural heritage.
Who is the CEO of Hyolmo Society Of America?
Dhundup Lama is the Member of Hyolmo Society Of America.
What is the revenue of Hyolmo Society Of America?
Hyolmo Society Of America's revenue in 2022 was $33,905.
Who are the executives of Hyolmo Society Of America and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for Hyolmo Society Of America?
Hyolmo Society Of America's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hyolmo Society Of America
The Hyolmo Society of America is committed to establishing an organization that serves the needs of the Hyolmo indigenous community residing in the United States. Its primary mission is twofold: firstly, to provide assistance to those Hyolmo individuals who are in need. Secondly, the organization aims to promote and preserve Buddhism culture and traditions among the American population. By delivering services and fostering an appreciation for the Hyolmo community's cultural heritage, the Hyolmo Society of America seeks to support and empower its community members.
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Impact
August, 2024
Hyolmo Society of America's impact lies in its mission to form and establish an organization for the Hyolmo indigenous community residing in the United States. By delivering services to those in need and promoting Buddhism culture and tradition among people in America, the organization plays a significant role in supporting the Hyolmo community and fostering cultural awareness. Through its programs, the Hyolmo Society of America encourages unity, mutual support, and community improvement, making a tangible difference in the lives of its members.
This information is meant to be a general summary of Hyolmo Society Of America. 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: $33,905
Assets and Liabilities:
- Total Assets: $460,090
- Total Liabilities: $0
- Net Assets: $460,090
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Organization Details
Founding Year
2015
Principal Officer
Dhundup Lama
Main Address
40-45 68TH ST, ELMHURST, NY, 11373
NTEE Category
Code: S80 - Community improvement
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