Overview
What is Khmer Foundation For National Unity And Development Corp?
Khmer Foundation For National Unity And Development Corp is a nonprofit organization dedicated to charitable and educational purposes. In 2019, they raised funds to construct a Library and Training and Technology Center at Prey Melong Buddhist Temple in Cambodia. Completed in 2021, this center serves as a valuable resource for local communities and students, providing access to information, promoting literacy, and fostering lifelong learning. In 2022, the foundation continued its efforts, conducting an inauguration ceremony and donating computers and school supplies. Their mission is to improve lives and accelerate economic and social changes through education, focusing on capacity building and raising funds for charitable purposes.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 34%, Zero-Star out of Four Star rating.
Khmer Foundation For National Unity And Development Corp has received a low score of 34% from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization lacks independent board members, which is a critical factor in ensuring governance and oversight. The absence of a transparent and independent board may raise questions about the effectiveness of decision-making within the organization.
While the foundation has a conflict of interest policy, whistleblower policy, and document retention guidelines in place, it fails to meet basic transparency standards such as publishing its tax forms on its website. The lack of independent oversight and missing financial documentation contributes to the organization's overall low rating, suggesting potential weaknesses in governance and financial accountability.
Additionally, the organization reported no program expenses and a poor liabilities-to-assets ratio, further highlighting financial management issues. These limitations are concerning for potential donors and stakeholders who seek assurance that funds are being managed responsibly and effectively for their intended charitable purposes.
This AI summary has been generated from information found on Charity Navigator.
Is Khmer Foundation For National Unity And Development Corp legitimate?
Khmer Foundation For National Unity And Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Khmer Foundation For National Unity And Development Corp 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 Khmer Foundation For National Unity And Development Corp?
The Khmer Foundation for National Unity and Development Corp is established with charitable, religious, educational, and scientific purposes in mind. It collects and raises funds for these purposes, functioning as a nonprofit organization. The primary objective of the foundation is to enhance educational opportunities, aiming to improve lives and facilitate economic and social advancements through education. Notably, the foundation has donated funds to construct a library and a training center at the Buddhist Temple in Watt Prey Melong Kos, Andeth District, Takeo Province, Cambodia. This facility serves as a study space for Buddhist monks and local school students before and after school hours.
Who is the CEO of Khmer Foundation For National Unity And Development Corp?
Sang Moeng is the Board Chair of Khmer Foundation For National Unity And Development Corp.
What is the revenue of Khmer Foundation For National Unity And Development Corp?
Khmer Foundation For National Unity And Development Corp's revenue in 2022 was $56,070.
Who are the executives of Khmer Foundation For National Unity And Development Corp and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- 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 Khmer Foundation For National Unity And Development Corp?
Khmer Foundation For National Unity And Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Khmer Foundation For National Unity And Development Corp
The Khmer Foundation for National Unity and Development Corp is a nonprofit organization with a mission centered around charitable, religious, educational, and scientific purposes. Its primary objective is to collect and distribute funds for benevolent purposes, falling under the category of exempt organizations as per Section 501c3 of the Internal Revenue Code. The foundation's specific purpose is to improve lives and accelerate socio-economic changes by focusing on education capacity building.
In line with this mission, the Khmer Foundation for National Unity and Development Corp has shown its commitment by donating funds to the Buddhist Temple at Watt Prey Melong Kos Andeth District, Takeo Province, Cambodia. The funds were used to construct a library and a training center. This center serves dual purposes, providing a space for Buddhist monks to study Buddhist scripts and offering educational resources to students from nearby schools before and after school hours. This initiative highlights the foundation's dedication to education and its role in improving lives, aligning with its broader mission while making a tangible impact in the community.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Khmer Foundation for National Unity and Development Corp has made significant contributions to the educational landscape in Kos Andeth District, Takeo Province, Cambodia. By funding the construction of a library and training center at Watt Prey Melong Buddhist Temple, the foundation has created a vital resource for both local Buddhist monks and students from nearby schools.
Since its establishment, the foundation has ensured that the library serves multiple purposes—offering a space for educational pursuits, fostering literacy, and promoting lifelong learning. The library provides access to important Buddhist texts and study materials, aiding monks in their religious studies while also being accessible to students for their academic development.
The completion of the library and training center in March 2021 marked a pivotal moment for the community, enhancing educational opportunities and serving as a gathering space for learning and cooperation. The inauguration ceremony held in November 2022 underscored the community's enthusiasm for this new resource, which is expected to have a lasting positive impact.
Additionally, the foundation's provision of five computers and school supplies for underprivileged students demonstrates a commitment to bridging the educational gap and supporting those in need. These resources not only enhance the learning environment but also equip students with essential technology skills.
Overall, the Khmer Foundation for National Unity and Development Corp plays a crucial role in fostering educational development and community improvement, contributing to social and economic changes through targeted initiatives in the region.
This information is meant to be a general summary of Khmer Foundation For National Unity And Development Corp. 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: $56,070
Assets and Liabilities:
- Total Assets: $6,405
- Total Liabilities: $0
- Net Assets: $6,405
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2022
Phone
(612) 772-2781Principal Officer
Sang Moeng
Main Address
2925 220TH ST E, HAMPTON, MN, 550319730
NTEE Category
Code: S30 - Community improvement
If you are a representative of Khmer Foundation For National Unity And Development Corp and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.