Overview
What is Kalachakra Buddha Associations?
Kalachakra Buddha Associations is a nonprofit organization located in Farmersville, Texas (75442). Their primary purpose is to promote their religious beliefs and attract new members both domestically and internationally. As a charitable, religious, educational, and scientific organization, they are committed to spreading the teachings of Kalachakra Buddha and fostering meditation practices in the United States. In addition to their religious mission, they are also dedicated to assisting individuals in need. Their headquarters are situated at 3004 W Audie Murphy Parkway.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Very poor
Kalachakra Buddha Associations has received a zero-star rating from Charity Navigator, with an overall score of 42%. While the organization demonstrates strong governance with a fully independent board and proper financial documentation, it faces significant challenges in financial management, evidenced by a low program expense ratio of 13.99%, indicating limited resources directed towards its stated mission.
The organization has been noted for its stringent oversight practices, such as maintaining board meeting minutes and having no material diversion of assets. However, lacking essential policies such as conflict of interest, whistleblower, and document retention, raises concerns about transparency and accountability. Additionally, the absence of a website listed on its tax forms complicates public engagement and access to information.
Overall, while Kalachakra Buddha Associations meets some standards of governance, its financial health and operational practices necessitate improvement to enhance its effectiveness and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Kalachakra Buddha Associations legitimate?
Kalachakra Buddha Associations is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kalachakra Buddha Associations 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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What is the mission statement of Kalachakra Buddha Associations?
The Kalachakra Buddha Associations, being a religious organization with a focus on Chinese Buddhism, is dedicated to promoting meditation in the United States, drawing inspiration from the teachings of Kalachakra Buddhas. Their primary mission is to spread the tenets of their religion both domestically and internationally, with the aim of recruiting more followers. They are also committed to aiding those in need, aligning with their charitable and religious objectives. The organization's activities largely revolve around disseminating their religious beliefs and extending aid to those in need.
What is the revenue of Kalachakra Buddha Associations?
Kalachakra Buddha Associations's revenue in 2024 was $857,968.
Who are the executives of Kalachakra Buddha Associations and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Kalachakra Buddha Associations?
Kalachakra Buddha Associations's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Kalachakra Buddha Associations
Kalachakra Buddha Associations, a religious organization with a focus on Chinese Buddhism, is dedicated to promoting meditation in the United States, grounded in the teachings of Kalacakra Buddhas. The primary mission of this nonprofit is to spread the teachings of their religion both domestically and internationally, with the aim of gaining more followers. Beyond this, Kalachakra Buddha Associations is also committed to helping those in need, aligning with their charitable and religious objectives. The organization travels extensively to disseminate their beliefs and extend a helping hand to those who may benefit from their teachings and support.
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Impact
October, 2024
Kalachakra Buddha Association plays a significant role in promoting the teachings of Buddhism, particularly emphasizing meditation based on Kalachakra Buddha's principles. By traveling both domestically and internationally, the organization actively disseminates its religious messages, fostering a deeper understanding of Buddhist practices.
The association seeks to attract new members, providing a welcoming environment for those interested in exploring Buddhism. Its commitment to helping those in need further enhances its impact, as it not only spreads spiritual teachings but also engages in charitable activities, addressing the needs of various communities.
With its base in Farmersville, TX, Kalachakra Buddha Association serves as a cultural hub, connecting individuals with the teachings of Buddhism and offering support through educational initiatives and community outreach. Through these efforts, it contributes to the broader understanding and practice of Buddhism in the United States, promoting mindfulness and spiritual growth.
This information is meant to be a general summary of Kalachakra Buddha Associations. 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.
- Investment Income: $6,525
- Gross Receipts: $958,862
Assets and Liabilities:
- Total Assets: $4,877,047
- Total Liabilities: $1,360,725
- Net Assets: $3,516,322
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Organization Details
Founding Year
2006
Principal Officer
Alice Song
NTEE Category
Code: X50 - Religion related
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