Overview
What is Bo De Monastery?
Bo De Monastery is a nonprofit organization that caters to the Vietnamese-American and Buddhist communities, ensuring the preservation of their cultural heritage with a primary focus on Buddhism. Situated in Bakersfield, California, the monastery actively engages in various activities. It contributes financially to local Buddhist temples for events like Buddha's birthday and summer retreats. Additionally, the monastery organizes programs such as Vu-lan celebrations at the temple, supporting and promoting the rich cultural heritage of the Vietnamese community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 0%
Bo De Monastery has received a rating of 0% from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization scored particularly low due to a lack of financial statements and missing essential policies such as conflict of interest and whistleblower protections. While it has 100% independent board members, the independent board size is notably small, with only one member.
Despite some strengths, such as having documented board meeting minutes and no material diversion of assets, the overall financial management appears to be inadequate. The organization’s program expense ratio is low at 22.30%, raising questions about the allocation of funds towards its mission versus administrative costs.
Due to these shortcomings, potential donors should carefully consider the organization's transparency and financial health before contributing. A lack of important documentation and financial oversight mechanisms could hinder Bo De Monastery’s effectiveness and credibility in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Bo De Monastery legitimate?
Bo De Monastery is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bo De Monastery 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: $6,214
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Bo De Monastery?
Bo De Monastery is dedicated to serving the Vietnamese-American and Buddhist communities, adhering to a vision centered around Buddhism. The monastery is committed to preserving the Vietnamese cultural heritage. It contributes to local Buddhist temples for significant events such as Buddha's birthday and summer retreats. The monastery also arranges programs, including Vu-lan celebrations, to engage the community. Located beyond the specifics of this information, it is not possible to provide details about the monastery's location.
Who is the CEO of Bo De Monastery?
Thao Nguyen is the President of Bo De Monastery.
What is the revenue of Bo De Monastery?
Bo De Monastery's revenue in 2022 was $497,851.
Who are the executives of Bo De Monastery and what are their salaries?
There 5 volunteers at Bo De Monastery.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Bo De Monastery?
Bo De Monastery's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Bo De Monastery
Bo De Monastery, as a Vietnamese Buddhist temple, is dedicated to serving the Vietnamese-American and Buddhist communities. With a vision centered around Buddhism, the monastery is committed to preserving the Vietnamese cultural heritage. This commitment is evident in their donations to local Buddhist temples for significant events such as Buddha's birthday and summer retreats. The monastery also extends its services beyond religious activities, offering programs like Vu-lan celebrations at the temple. By doing so, Bo De Monastery plays a crucial role in fostering a sense of community and cultural identity among its members.
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Impact
July, 2024
Bo De Monastery, located in Bakersfield, CA, has a significant impact on the Vietnamese-American and Buddhist communities in the area. The monastery plays a vital role in preserving Vietnamese cultural heritage with a specific focus on Buddhism. Through its activities and programs, Bo De Monastery serves as a hub for the local Buddhist community, providing spiritual guidance, cultural events, and support for various celebrations like Buddha's birthday and summer retreats.
Furthermore, the monastery's contributions to local Buddhist temples demonstrate its commitment to fostering community connections and promoting the teachings of Buddhism among Vietnamese-Americans. The programs offered at Bo De Monastery, such as the Vu-lan celebrations, offer participants a space for reflection, meditation, and community engagement within a cultural context.
Overall, Bo De Monastery's impact extends beyond its physical location, influencing the lives of individuals within the Vietnamese-American and Buddhist communities by preserving cultural traditions, providing spiritual guidance, and fostering a sense of belonging and connection among its members.
This information is meant to be a general summary of Bo De Monastery. 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: $497,851
Assets and Liabilities:
- Total Assets: $601,938
- Total Liabilities: $0
- Net Assets: $601,938
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Organization Details
Founding Year
2015
Phone
(661) 397-0470Principal Officer
Thao Nguyen
Main Address
2001 S K STREET, BAKERSFIELD, CA, 93304
NTEE Category
Code: X50 - Religion related
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