Overview
What is Mahamevnawa Bhavana Monastery Of New Jersey?
Mahamevnawa Bhavana Monastery of New Jersey is a nonprofit organization dedicated to spiritual development, drawing inspiration from the teachings of Sakyamuni Buddha. With over 50 branches spread across various locations, the monastery provides guidance and support for individuals seeking to live in accordance with these teachings. They offer annual programs for those interested in practicing this mindful path towards self-realization and liberation. The monastery's mission is to help individuals purify their minds and reach Nirvana, which symbolizes the ultimate freedom from suffering.
Official website here: www.mahamevnawanj.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 36%
Mahamevnawa Bhavana Monastery of New Jersey holds a low rating of 36%, which translates to a Zero-Star out of Four Star rating. This score reflects concerns regarding the nonprofit's accountability and financial management. While the organization benefits from a fully independent board and has shown no material diversion of assets, it falls short in several critical governance areas.
The organization has been noted for its strong board independence, with all members being independent and a reasonable board size. However, significant issues arise from the absence of key policies such as a conflict of interest policy, a whistleblower policy, and a document retention policy. Additionally, the lack of documented board meeting minutes raises red flags regarding transparency and operational practices.
Financially, the nonprofit has a concerning program expense ratio, with only 14.57% of its expenses directed towards programming. This indicates a considerable portion of the funds may not be utilized effectively for the organization's intended mission. The liabilities to assets ratio of 28.85% also suggests potential financial instability, which could affect the organization's long-term viability.
This AI summary has been generated from information found on Charity Navigator.
Is Mahamevnawa Bhavana Monastery Of New Jersey legitimate?
Mahamevnawa Bhavana Monastery Of New Jersey is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mahamevnawa Bhavana Monastery Of New Jersey 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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Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.mahamevnawanj.org/
What is the mission statement of Mahamevnawa Bhavana Monastery Of New Jersey?
The Mahamevnawa Bhavana Monastery, established for spiritual development, follows the teachings of the Sakymuni Buddha from 600 BC. Its mission is to assist individuals in purifying their minds and achieving the ultimate goal of Nirvana, a self-liberation that is true and unbound. The monastery has established numerous branches and has been providing guidance and teaching of the Buddha's doctrine for over a decade. Thousands have joined the monastery to practice this path towards mental growth and true liberation. The Mahamevnawa offers a joyous way of living, following the teachings of the Buddha, and walking down the path towards spiritual enlightenment.
Official website here: www.mahamevnawanj.org/
Who is the CEO of Mahamevnawa Bhavana Monastery Of New Jersey?
Jagath Kankanamge is the President of Mahamevnawa Bhavana Monastery Of New Jersey.
Official website here: www.mahamevnawanj.org/
What is the revenue of Mahamevnawa Bhavana Monastery Of New Jersey?
Mahamevnawa Bhavana Monastery Of New Jersey's revenue in 2022 was $66,337.
Official website here: www.mahamevnawanj.org/
Who are the executives of Mahamevnawa Bhavana Monastery Of New Jersey and what are their salaries?
Here are 5 key members and their salaries:
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Official website here: www.mahamevnawanj.org/
Where can I find the form 990 for Mahamevnawa Bhavana Monastery Of New Jersey?
Mahamevnawa Bhavana Monastery Of New Jersey's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mahamevnawanj.org/
Learn more at the official website: www.mahamevnawanj.org/
Mission Statement of Mahamevnawa Bhavana Monastery Of New Jersey
Mahamevnawa Bhavana Monastery of New Jersey, a group of monasteries established with the aim of spiritual development, follows the teachings of the Sakymuni Buddha from 600BC. Their mission is to assist individuals in purifying their minds and achieving the ultimate goal of Nirvana, a state of true and unbound liberation of the self. The monastery has been providing this service for compassionate self-realization for over a decade.
Established across more than 50 branches, Mahamevnawa Bhavana Monastery of New Jersey offers teachings and guidance for those who wish to live by the Buddha's doctrine. Thousands have joined the monastery to embark on this joyous journey of developing their minds and walking the path towards true liberation. The monastery serves as a beacon of hope for those seeking spiritual growth, providing a supportive community where individuals can learn, grow, and ultimately achieve enlightenment.
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Impact
August, 2024
Mahamevnawa Bhavana Monastery of New Jersey has had a significant impact on the spiritual development of individuals seeking guidance through the teachings of Sakyamuni Buddha. Over the past 13 years, the monastery has established over 50 branches, providing a platform for thousands of people to practice and walk towards true liberation. By offering annual regular programs and teachings of the Buddha's doctrine, Mahamevnawa Bhavana Monastery is instrumental in helping individuals purify their minds and reach the ultimate goal of realization of Nirvana. This impactful work aligns with their mission to offer compassionate service for mankind and facilitate the journey towards mutual benefit and spiritual growth.
This information is meant to be a general summary of Mahamevnawa Bhavana Monastery Of New Jersey. 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.
- Program Service Revenue: $66,337
- Gross Receipts: $66,337
Assets and Liabilities:
- Total Assets: $344,952
- Total Liabilities: $105,378
- Net Assets: $239,574
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MONTHLY DONATIONS
Revenue
$52,310
BUILDING FUND
Revenue
$13,738
INTEREST
Revenue
$289
Organization Details
Founding Year
2007
Phone
(732) 940-3200Principal Officer
Jagath Kankanamge
Main Address
241 DEANS RHODE HALL ROAD, JAMESBURG, NJ, 08831
Website
www.mahamevnawanj.org/NTEE Category
Code: Y99 - Mutual benefit
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