Overview
What is Bat Nha Meditation Institute Of The United States Of America?
Bat Nha Meditation Institute of the United States of America, located at 4717 W 1st St, Santa Ana, CA 92703, is a nonprofit organization that adheres to the faith of Buddhism. This religious institution sustains its activities through contributions from individuals and organizations. The community associated with this institute celebrates both the Gregorian New Year and the Lunar New Year, which has been a part of their tradition in the USA for 46 years. While the Gregorian New Year marks the beginning of the year, the Lunar New Year typically falls towards the end of January or early February. The institute's primary mission is to promote and uphold Buddhist beliefs, as well as maintain their activities through financial support.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 20%, Zero-Star out of Four Star Rating.
The Bat Nha Meditation Institute has received a low rating of 20% from Charity Navigator, reflecting concerns regarding its accountability and financial practices. The organization boasts a fully independent board, which is a positive aspect, but this is overshadowed by significant shortcomings in financial transparency and governance policies. The absence of financial statements and key policies such as conflict of interest and whistleblower protections raises red flags about the organization's operational integrity.
Financially, the organization struggles with a high liabilities-to-assets ratio of 14.12% and a low program expense ratio of 16.39%, indicating that a small portion of its budget is allocated to its core mission. Furthermore, the lack of readily available financial documentation and required disclosures on its website suggests a need for improvement in transparency and communication with stakeholders.
Overall, while Bat Nha Meditation Institute has some strengths, particularly in board independence, the significant gaps in financial reporting and governance practices hinder its credibility and effectiveness as a nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Bat Nha Meditation Institute Of The United States Of America legitimate?
Bat Nha Meditation Institute Of The United States Of America is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bat Nha Meditation Institute Of The United States Of America 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: $28,379
For more financial information, click here
What is the mission statement of Bat Nha Meditation Institute Of The United States Of America?
Bat Nha Meditation Institute of the United States of America serves as a religious organization, dedicated to propagating the faith of Buddhism. Its primary objective is to preserve and sustain Buddhist practices through contributions from individuals and organizations. The institute plays a significant role in the Vietnamese community in the United States, celebrating both the Gregorian New Year and the Lunar New Year, with the latter typically occurring towards the end of January or early February.
Who is the CEO of Bat Nha Meditation Institute Of The United States Of America?
Thich Nu Hue Chieu is the President, Ceo of Bat Nha Meditation Institute Of The United States Of America. The CEO's salary of Bat Nha Meditation Institute Of The United States Of America is $0 and their total compensation is $0.
What is the revenue of Bat Nha Meditation Institute Of The United States Of America?
Bat Nha Meditation Institute Of The United States Of America's revenue in 2022 was $999,497.
Who are the executives of Bat Nha Meditation Institute Of The United States Of America and what are their salaries?
There 50 volunteers at Bat Nha Meditation Institute Of The United States Of America.
Here are 2 key members and their salaries (Bat Nha Meditation Institute Of The United States Of America's CEO's salary is $0 and their total compensation is $0):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Bat Nha Meditation Institute Of The United States Of America?
Bat Nha Meditation Institute Of The United States Of America's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Bat Nha Meditation Institute Of The United States Of America
Bat Nha Meditation Institute of the United States of America is a religious organization dedicated to the promotion and preservation of Buddhism. Established on the belief in the power of donations from individuals and organizations, its mission is to uphold and sustain the teachings and practices of Buddhism. This institute serves as a platform for the Vietnamese community in the USA, allowing them to celebrate the Lunar New Year, an ancient tradition that has been carried over from their homeland. The organization plays a significant role in the Vietnamese community, allowing them to maintain their cultural heritage while living in a new country.
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Impact
October, 2024
Bat Nha Meditation Institute of the United States of America plays a significant role in fostering the practice and understanding of Buddhism within the Vietnamese community and beyond. Through its activities, particularly during cultural celebrations such as the Lunar New Year, the institute helps to preserve and promote Vietnamese traditions in the United States. The Lunar New Year Celebration, which embraces both the Gregorian and Lunar calendars, engages the local community and reinforces cultural identity among Vietnamese Americans who have been celebrating these traditions for over 46 years.
The Bat Nha Temple serves as a gathering place for individuals seeking spiritual growth, meditation, and connection with others who share similar beliefs. It supports the faith of Buddhism by creating a welcoming environment where teachings can be shared and practiced. Alongside its religious activities, the temple relies on donations from individuals and organizations, enhancing community involvement and support for its mission. Overall, the institute not only strengthens Buddhist practice but also enriches the cultural fabric of the Santa Ana area, making it a vital part of the local and broader Vietnamese American diaspora.
This information is meant to be a general summary of Bat Nha Meditation Institute Of The United States Of America. 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: $999,497
Assets and Liabilities:
- Total Assets: $4,156,595
- Total Liabilities: $587,267
- Net Assets: $3,569,328
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Organization Details
Founding Year
2004
Phone
(714) 548-4148Principal Officer
Thich Nu Hue Chieu
Main Address
4717 W 1ST ST, SANTA ANA, CA, 92703
NTEE Category
Code: X50 - Religion related
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