Overview
What is Tu Vien Tuong Van Inc?
Tu Vien Tuong Van Inc, headquartered in Haymarket, Virginia, is a dedicated nonprofit organization. Its primary focus is on offering monetary donations to temples and meditation centers worldwide. The organization also extends its aid to those affected by natural disasters, such as flood victims and the impoverished, by providing essentials like food and clothing. In addition, Tu Vien Tuong Van Inc supports the elderly and funds cataract surgeries for individuals living in remote areas of Vietnam. The organization's mission is to promote mindful living and cultivate peaceful environments within communities. To achieve this, they organize weekly lectures and meditation training for Buddhist followers, as well as weekend classes for children aged 6 to 18 to learn Vietnamese language, chanting, and traditional Vietnamese customs and cultures. Furthermore, Tu Vien Tuong Van Inc works on improving its facilities to create a relaxing environment for its followers. In summary, this nonprofit strives to provide meditation assistance to individuals in need globally and strengthen spiritual practices within communities.
Official website here: www.tuongvan.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 36%, Zero-Star out of Four Star rating.
Tu Vien Tuong Van Inc received a low score of 36%, resulting in a Zero-Star rating due to significant deficiencies in accountability and finance. The overall score reflects a strong performance in certain areas, such as having a fully independent board and no material diversion of assets, which are commendable aspects of the organization’s governance structure. However, these strengths are overshadowed by several critical missing policies and poor financial management indicators.
The organization has not implemented essential policies, such as a Conflict of Interest Policy and a Whistleblower Policy, which are vital for transparency and ethical governance. Additionally, the charity's financial ratios raise concerns; it displays a high liabilities-to-assets ratio of 33.59%, alongside a low program expense ratio of 42.44%. These figures suggest that a significant portion of the funds may not be allocated effectively towards its programs, impacting its overall mission delivery.
In summary, while Tu Vien Tuong Van Inc has notable governance strengths, the absence of key policies and the poor financial ratios highlight serious limitations. Donors should consider these factors carefully when evaluating the organization’s trustworthiness and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Tu Vien Tuong Van Inc legitimate?
Tu Vien Tuong Van Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tu Vien Tuong Van 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:
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For more financial information, click here
Official website here: www.tuongvan.org
What is the mission statement of Tu Vien Tuong Van Inc?
Tu Vien Tuong Van Inc's mission is centered around providing assistance to individuals in need worldwide, with a particular focus on meditation. The organization strives to support temples and meditation centers financially and provides essentials such as money, clothes, and food to those affected by natural disasters and poverty. Additionally, Tu Vien Tuong Van Inc aids the elderly, carries out cataract eye surgeries for disadvantaged individuals in remote areas of Vietnam, and offers resources to strengthen the practice of mindful living. The organization promotes peace in communities through weekly lectures and meditation training for Buddhist followers and weekend classes for children, teaching Vietnamese language, chanting, and traditional customs. Lastly, Tu Vien Tuong Van Inc works on improving facilities to create a relaxing environment for followers.
Official website here: www.tuongvan.org
What is the revenue of Tu Vien Tuong Van Inc?
Tu Vien Tuong Van Inc's revenue in 2024 was $173,753.
Official website here: www.tuongvan.org
Who are the executives of Tu Vien Tuong Van Inc and what are their salaries?
There 10 volunteers at Tu Vien Tuong Van Inc.
Here are 10 key members and their salaries:
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Official website here: www.tuongvan.org
Where can I find the form 990 for Tu Vien Tuong Van Inc?
Tu Vien Tuong Van Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.tuongvan.org
Learn more at the official website: www.tuongvan.org
Mission Statement of Tu Vien Tuong Van Inc
Tu Vien Tuong Van Inc, a nonprofit organization, is dedicated to offering meditation assistance to individuals in need worldwide. Their mission is multifaceted, involving various acts of kindness and support. They provide monetary donations to temples and meditation centers, offering financial aid to spiritual institutions. In times of crisis, such as natural disasters, Tu Vien Tuong Van Inc extends their help by sending essentials like clothes, food, and resources to affected communities.
The organization has a particular focus on assisting the underprivileged, the elderly, and those in need of cataract eye surgeries in remote regions of Vietnam. By providing resources for the practice of mindful living, Tu Vien Tuong Van Inc aims to foster peaceful atmospheres within communities. They accomplish this through weekly lectures and meditation training sessions for Buddhist followers, as well as weekend classes for children between the ages of 6 and 18, teaching them Vietnamese language, chanting, and traditional Vietnamese customs and dances.
The nonprofit organization also works on improving their facilities to create a relaxing environment for their followers. This commitment to tranquility and spiritual growth is evident in their mission to provide meditation assistance to those in need around the world.
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Impact
July, 2024
Tu Vien Tuong Van Inc's impact can be seen through its mission to provide meditation assistance to those in need around the world. The organization actively supports temples and meditation centers by providing monetary donations and resources to strengthen the practice of mindful living. Additionally, Tu Vien Tuong Van Inc reaches out to communities in need by sending money, clothes, and food to flood victims and the less fortunate.
One significant aspect of their impact is their assistance in cataract eye surgeries for victims in remote areas of Vietnam, providing essential healthcare services to those who may not have access otherwise. Furthermore, the organization organizes weekly lectures and meditation training for Buddhist followers, fostering a peaceful atmosphere within communities.
Tu Vien Tuong Van Inc also nurtures cultural heritage by offering weekend classes for children to study Vietnamese language, chanting, and dancing in traditional customs and cultures. By improving their facilities, the organization creates a relaxing environment for followers to practice meditation and find inner peace. Through these various initiatives, Tu Vien Tuong Van Inc significantly contributes to promoting mindfulness, aiding disadvantaged communities, and preserving cultural traditions.
This information is meant to be a general summary of Tu Vien Tuong Van 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 2024.
- Gross Receipts: $173,753
Assets and Liabilities:
- Total Assets: $932,455
- Total Liabilities: $0
- Net Assets: $932,455
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Organization Details
Founding Year
2004
Principal Officer
Thich Nu Thanh Lieu
Website
www.tuongvan.orgNTEE Category
Code: X50 - Religion related
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