Overview
What is Sakya Charitable Trust?
Sakya Charitable Trust is a nonprofit organization situated in Theodore, Alabama, with an address at 5458 Dawes Lane Ext. Their primary mission is to raise funds for the reconstruction of religious structures and orphanages, primarily catering to the Vietnamese Buddhist congregation in Alabama. Their work involves rebuilding religious establishments and providing support for orphanages, aiming to contribute to the well-being of the community they serve.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 63% (Two-Star out of Four Star rating)
Sakya Charitable Trust has received a Two-Star rating from Charity Navigator, reflecting a score of 63%. This rating is solely based on the organization's accountability and finance practices. The high score in this category indicates a strong commitment to transparency and effective use of funds, with a notable program expense ratio of 98.58%, showing that the vast majority of expenses are directed towards its programs.
The organization boasts a completely independent board, with 100% of its members meeting this criterion, which further underscores its governance quality. Additionally, there are no recorded material diversions of assets, and the trust maintains a favorable liabilities to assets ratio of 0.00%, suggesting sound financial health and management.
However, the overall rating being solely based on accountability and finance means that other aspects, such as program impact and community feedback, are not reflected in the score. This limitation indicates a need for potential donors to consider additional factors beyond financial metrics when evaluating the Trust's effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Sakya Charitable Trust legitimate?
Sakya Charitable Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sakya Charitable Trust 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 Sakya Charitable Trust?
The Sakya Charitable Trust is committed to providing financial aid for the reconstruction of religious structures and orphanages. This non-profit organization's primary mission is to contribute to the restoration of places of worship and offer support to orphanages, thereby serving a vital role in these communities. Their activities are centered around raising funds for these noble causes, aiming to contribute positively to the spiritual and social well-being of those involved.
Who is the CEO of Sakya Charitable Trust?
Devan Phan is the Trustee of Sakya Charitable Trust.
What is the revenue of Sakya Charitable Trust?
Sakya Charitable Trust's revenue in 2022 was $78,545.
Who are the executives of Sakya Charitable Trust and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Sakya Charitable Trust?
Sakya Charitable Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Sakya Charitable Trust
Sakya Charitable Trust is a nonprofit organization dedicated to providing financial assistance to aid in the rebuilding of religious structures and orphanages. Their mission is centered around offering financial support to various communities, specifically focusing on the reconstruction of temples for the Vietnamese Buddhist congregation in Alabama. By providing funds for temple construction, Sakya Charitable Trust contributes to the preservation and continuation of religious practices and cultural heritage within this community. Additionally, the trust extends its support to orphanages, contributing to the overall well-being and upbringing of children in need, ensuring they receive a nurturing environment and the opportunity for a better future.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
August, 2024
Sakya Charitable Trust's impact can be seen in their efforts to provide funding to help rebuild religious structures and orphanages. One specific project they have undertaken is the temple construction for the Vietnamese Buddhist congregation of Alabama in Theodore, AL. This initiative aligns with their mission to support the rebuilding of religious structures and orphanages, ultimately making a difference in the community they serve. Through their philanthropic endeavors, Sakya Charitable Trust is creating a tangible and positive impact on those in need.
This information is meant to be a general summary of Sakya Charitable Trust. 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: $78,545
Assets and Liabilities:
- Total Assets: $130,782
- Total Liabilities: $0
- Net Assets: $130,782
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2008
Principal Officer
Devan Phan
Main Address
5458 DAWES LANE EXT, THEODORE, AL, 36582
NTEE Category
Code: T31 - Philanthropy
If you are a representative of Sakya Charitable Trust and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.