Overview
What is Soosunjae Inc?
Soosunjae Inc, a nonprofit organization based in Loch Sheldrake, New York, with an address at 224 Reynolds Road, primarily focuses on spreading Zen Buddhism, Seon-Yoga, and Seon-Gye meditation teachings. They extend their services to both their members and the general public, aiming to promote spiritual growth and wellness through these practices.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Star Rating)
Soosunjae Inc has received a Two-Star rating from Charity Navigator, indicating that while the organization demonstrates a commitment to accountability and finance, there are areas that may need improvement. The overall score is derived solely from a single beacon score, which highlights the focus on financial health.
The organization excels in several key areas, including having a fully independent board with 100% independent members and a low liabilities to assets ratio of 0.00%. With a program expense ratio of 96.44%, it shows a strong commitment to directing funds towards its programs rather than administrative costs. Additionally, it maintains transparency by documenting board meeting minutes.
However, the rating suggests that there may be limitations or concerns regarding its overall operational effectiveness that have not been fully addressed. While the high scores in accountability and finance are positive, the lack of additional beacons for evaluating impact or outcomes may suggest a need for greater scrutiny of the organization's effectiveness in achieving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Soosunjae Inc legitimate?
Soosunjae Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Soosunjae 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: $0
For more financial information, click here
What is the mission statement of Soosunjae Inc?
Soosunjae Inc, in its mission, focuses on disseminating Zen Buddhism, Seon-Yoga, and Seon-Gye meditation practices. This organization aims to make these teachings accessible to both its members and the wider public. Through their initiatives, Soosunjae Inc incurs various expenses to successfully carry out these teachings, sharing the wisdom and principles of Zen Buddhism and meditation with a broader audience.
Who is the CEO of Soosunjae Inc?
Chul Woo Koh is the President of Soosunjae Inc.
What is the revenue of Soosunjae Inc?
Soosunjae Inc's revenue in 2022 was $12,000.
Who are the executives of Soosunjae Inc and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Soosunjae Inc?
Soosunjae Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Soosunjae Inc
Soosunjae Inc, a nonprofit organization, is devoted to the dissemination of Zen Buddhism, Seon-Yoga, and Seon-Gye meditation practices. The organization's mission is to make these teachings accessible to its members and the wider public. To achieve this, Soosunjae Inc incurs various expenses, investing in the propagation of these spiritual practices. The ultimate aim is to share these teachings with all, fostering a sense of unity and spiritual growth within the community.
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Impact
August, 2024
Soosunjae Inc has a significant impact on the community by providing Zen Buddhism, Seon-yoga, and Seon-gye meditation teachings to all members and the general public. This organization incurs all expenses required to carry out these teachings, fostering spiritual growth and well-being among individuals in Loch Sheldrake, NY. Through its mission to share these ancient practices, Soosunjae Inc contributes to promoting mental and emotional health, peace, and mindfulness in the community.
This information is meant to be a general summary of Soosunjae 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: $12,000
Assets and Liabilities:
- Total Assets: $222,876
- Total Liabilities: $0
- Net Assets: $222,876
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Organization Details
Founding Year
2004
Phone
(631) 599-0072Principal Officer
Chul Woo Koh
Main Address
224 REYNOLDS ROAD, Loch Sheldrake, NY, 12759
NTEE Category
Code: P20 - Human services
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