Overview
What is Capital Area Budokai?
Capital Area Budokai is a nonprofit organization situated in Alexandria, Virginia, with an address at 5166 California Lane, specifically in the area code 22304. The primary focus of this organization is to promote and disseminate the Japanese Budo, or martial ways. They offer martial arts training programs for their members and are available for demonstrations at Japanese cultural events. The organization's mission is deeply rooted in the proliferation of Japanese martial arts, serving as a valuable asset within the cultural community.
Official website here: www.capitalareabudokai.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56%, One-Star out of Four Star rating.
Capital Area Budokai has received a low score of 56%, indicating significant concerns in its accountability and financial management. The organization has no independent board members, which is a critical factor that negatively impacts its governance score. While it has demonstrated responsible asset management with no material diversions and a strong program expense ratio of 90.82%, the lack of independent oversight raises questions about its operational integrity.
The organization has also fallen short in several key governance policies. It does not have a conflict of interest policy, whistleblower policy, or a document retention and destruction policy, all of which are essential for transparency and ethical management. While the nonprofit does maintain proper documentation of board meeting minutes and has listed its website on its tax form, the absence of these critical policies suggests a need for improvement in governance practices.
Overall, while Capital Area Budokai effectively directs a high percentage of its resources towards its programs, the stark deficiencies in board independence and governance policies warrant caution for potential donors and stakeholders. Addressing these gaps could enhance the organization's credibility and effectiveness in serving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Capital Area Budokai legitimate?
Capital Area Budokai is a legitimate nonprofit organization registered as a 501(c)(3) entity. Capital Area Budokai 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.
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Official website here: www.capitalareabudokai.org
What is the mission statement of Capital Area Budokai?
Capital Area Budokai is committed to promoting Japanese Budo, or martial ways, and is available for demonstrations at Japanese cultural events. Their primary mission is to propagate these martial arts techniques. In addition to this, they offer martial arts training programs for their members.
Official website here: www.capitalareabudokai.org
Who is the CEO of Capital Area Budokai?
Lam Vuong is the President of Capital Area Budokai.
Official website here: www.capitalareabudokai.org
What is the revenue of Capital Area Budokai?
Capital Area Budokai's revenue in 2022 was $56,347.
Official website here: www.capitalareabudokai.org
Who are the executives of Capital Area Budokai and what are their salaries?
Here are 9 key members and their salaries:
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Official website here: www.capitalareabudokai.org
Where can I find the form 990 for Capital Area Budokai?
Capital Area Budokai's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.capitalareabudokai.org
Learn more at the official website: www.capitalareabudokai.org
Mission Statement of Capital Area Budokai
Capital Area Budokai, a nonprofit organization, is committed to the widespread promotion of Japanese Budo, or martial ways. This organization serves as a valuable resource for demonstrating these traditional martial arts at various Japanese cultural events. The core mission of Capital Area Budokai lies in its dedication to making these practices more accessible and understood within the broader community. Through its activities, the organization aims to preserve and propagate the rich heritage of Japanese martial arts, offering its members the opportunity to engage in rigorous training programs.
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Impact
August, 2024
Capital Area Budokai has had a significant impact on promoting Japanese martial arts in the community through its dedicated training programs and demonstrations at various cultural events. Its commitment to spreading the art of Japanese Budo has not only enriched the lives of its members but also contributed to the cultural vibrancy of Alexandria, VA. By sharing the principles and techniques of these traditional martial ways, Capital Area Budokai has fostered a deeper appreciation for the art form and helped preserve an important aspect of Japanese heritage.
This information is meant to be a general summary of Capital Area Budokai. 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: $56,347
Assets and Liabilities:
- Total Assets: $98,208
- Total Liabilities: $0
- Net Assets: $98,208
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Organization Details
Founding Year
2010
Principal Officer
Lam Vuong
Main Address
5166 CALIFORNIA LN, ALEXANDRIA, VA, 22304
Website
www.capitalareabudokai.orgNTEE Category
Code: A20 - Arts
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