Overview
What is Hoi Phat Tu Lac Phap?
Hoi Phat Tu Lac Phap is a nonprofit organization aimed at fostering a sense of unity among Vietnamese Buddhists in the United States. Their mission is primarily focused on preserving the cultural and traditional heritage of Vietnamese Buddhism. By doing so, they aim to promote social happiness, strengthen community bonds, and encourage mutual assistance among its members. This nonprofit organization serves as a bridge for Vietnamese Buddhists, facilitating friendship and understanding within their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 35%
Hoi Phat Tu Lac Phap has received a Zero-Star out of Four Star rating from Charity Navigator, primarily due to significant shortcomings in accountability and financial transparency. The overall score is derived entirely from a single beacon focused on Accountability & Finance, reflecting a lack of independent board members and missing governance policies. These deficiencies highlight a need for improvement in the organization's leadership structure and ethical guidelines.
The charity's financial health shows some positive aspects, such as a 0.00% liabilities to assets ratio, indicating no existing liabilities, and a program expense ratio of 55.99%. However, these financial metrics do not outweigh the issues related to governance, including the absence of key policies such as conflict of interest and whistleblower protections. The lack of independent board members raises concerns about the organization's oversight and accountability.
While Hoi Phat Tu Lac Phap has demonstrated sound financial management in specific areas, the overall governance and transparency issues significantly hinder its rating. For potential donors and supporters, these findings suggest a cautious approach while considering engagement with the organization, as improvements are necessary to enhance its credibility and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Hoi Phat Tu Lac Phap legitimate?
Hoi Phat Tu Lac Phap is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hoi Phat Tu Lac Phap 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 Hoi Phat Tu Lac Phap?
Hoi Phat Tu Lac Phap's mission is centered around preserving the ethnic heritage traits of Vietnamese Buddhist culture and traditions. They aim to foster a strong connection between Vietnamese Buddhists in the U.S., promoting social harmony and friendship within communities. Through their initiatives, they strive to maintain and uphold the cultural heritage that is integral to Vietnamese Buddhism.
Who is the CEO of Hoi Phat Tu Lac Phap?
Tony Tran is the President of Hoi Phat Tu Lac Phap.
What is the revenue of Hoi Phat Tu Lac Phap?
Hoi Phat Tu Lac Phap's revenue in 2022 was $34,000.
Who are the executives of Hoi Phat Tu Lac Phap and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Hoi Phat Tu Lac Phap?
Hoi Phat Tu Lac Phap's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hoi Phat Tu Lac Phap
Hoi Phat Tu Lac Phap, a nonprofit organization, is dedicated to preserving the ethnic heritage traits of Vietnamese Buddhist culture and traditions. Their mission is to create a strong connection between Vietnamese Buddhists in the United States, fostering community happiness, friendship, and mutual assistance. By preserving these cultural and traditional elements, Hoi Phat Tu Lac Phap aims to maintain the rich heritage of Vietnamese Buddhism, ensuring its continuity for future generations.
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Impact
August, 2024
Hoi Phat Tu Lac Phap's impact lies in its mission to preserve the ethnic heritage traits of Vietnamese Buddhist culture and traditions. By building a strong bridge between Vietnamese Buddhists in the US, fostering social happiness, friendship, and mutual assistance within communities, the organization plays a significant role in maintaining the rich cultural legacy of Vietnamese Buddhism. Through its activities and initiatives, Hoi Phat Tu Lac Phap helps to ensure that these cultural traditions are passed down to future generations, contributing to the continuity and vibrancy of Vietnamese Buddhist heritage in the diaspora.
This information is meant to be a general summary of Hoi Phat Tu Lac Phap. 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: $34,000
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
2011
Phone
(714) 837-1296Principal Officer
Tony Tran
Main Address
10840 ROSE ST, STANTON, CA, 90680
NTEE Category
Code: X50 - Religion related
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