Overview
What is Buddhist Mind Corporation?
Buddhist Mind Corporation, also known as Chua Phat Tam, is a nonprofit organization situated in Egg Harbor Township, New Jersey. Their primary mission is to educate and train individuals in the Buddhist faith and spread Buddhist principles and practices within the Greater Atlantic City area. They achieve this through various activities, such as daily prayers led by laypeople and temple members, weekly gatherings for Buddhist prayers and faith studies, and monthly sessions led by visiting monks and nuns from notable temples. The organization also hosts four significant public celebrations annually, welcoming attendees of all faiths. In addition, they offer a weekend Vietnamese study program for first-generation American-Vietnamese children to preserve and foster their cultural heritage.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 13%
Buddhist Mind Corporation has received a low rating of 13% from Charity Navigator, which indicates significant concerns regarding its accountability and financial practices. The organization has not demonstrated adequate governance as evidenced by a lack of independent board members and poor performance in several key areas related to financial oversight and transparency.
Key strengths include a score of 10 out of 10 for material diversion of assets, suggesting that the organization's assets are not being misused. However, the charity's overall performance is overshadowed by its failure to meet basic governance standards, such as having a conflict of interest policy and a documented whistleblower policy, both of which scored zero points.
The program expense ratio stands at only 15.53%, which raises questions about the effectiveness and impact of the charity's programs relative to its overall spending. The lack of transparency in financial reporting, including the absence of a tax form on the nonprofit's website, further complicates the evaluation of its operations. Overall, potential donors and supporters should approach this organization with caution.
This AI summary has been generated from information found on Charity Navigator.
Is Buddhist Mind Corporation legitimate?
Buddhist Mind Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Buddhist Mind Corporation 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
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What is the mission statement of Buddhist Mind Corporation?
The Buddhist Mind Corporation is dedicated to fulfilling its mission by educating the public on Buddhist principles and practices. This is accomplished through training laypersons of Buddhist faith and providing weekly and monthly prayers and faith studies, often with the participation of visiting monks and nuns from various temples. The organization also hosts four significant public celebrations annually, inviting attendees of all faiths to join. Additionally, the corporation offers a Vietnamese study program for first-generation American-Vietnamese children on weekends.
Who is the CEO of Buddhist Mind Corporation?
Trung Huynh is the Vice President of Buddhist Mind Corporation.
What is the revenue of Buddhist Mind Corporation?
Buddhist Mind Corporation's revenue in 2021 was $31,163.
Who are the executives of Buddhist Mind Corporation and what are their salaries?
There 2 volunteers at Buddhist Mind Corporation.
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Buddhist Mind Corporation?
Buddhist Mind Corporation's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Buddhist Mind Corporation
Buddhist Mind Corporation, a nonprofit organization, is dedicated to spreading Buddhist principles and practices among the laypeople in the greater Atlantic City area. Its primary mission involves training individuals of the Buddhist faith and educating the public about Buddhist beliefs. The corporation achieves this through various activities, including daily prayers led by both temple members and laypeople residing in Atlantic City.
Weekly gatherings for Buddhist prayers and faith studies are another significant part of Buddhist Mind Corporation's mission, attracting attendees from beyond the local area. The organization also invites visiting monks and nuns from Ten Thousand Buddhas Summit Monastery and other temples to conduct monthly prayers and faith studies, further enriching the community's understanding of Buddhist teachings.
In addition to regular ceremonies, Buddhist Mind Corporation hosts four major public celebrations annually. These events, including Buddha's Birthday, Parents Application Day, Vietnamese New Year, and the Avalokitesvara Bodhisattva Day Ceremony, are open to individuals of all faiths. The organization also offers weekend Vietnamese language and cultural studies for first-generation American-Vietnamese children, providing them with a deeper connection to their cultural heritage.
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Impact
August, 2024
Buddhist Mind Corporation's impact can be seen in its activities centered around training laypersons of the Buddhist faith and educating the public on Buddhist principles and practices in the Greater Atlantic City area, New Jersey. This includes daily prayers by laypersons and temple members, weekly Buddhist prayers and faith studies, monthly prayers and faith studies led by visiting monks and nuns, as well as four major public celebrations commemorating important Buddhist occasions. Additionally, the corporation provides weekend Vietnamese study sessions for first-generation American-Vietnamese children. Through these programs, Buddhist Mind Corporation plays a vital role in fostering a greater understanding and appreciation of Buddhist traditions within the community.
This information is meant to be a general summary of Buddhist Mind Corporation. 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 2021.
- Gross Receipts: $31,163
Assets and Liabilities:
- Total Assets: $168,764
- Total Liabilities: $0
- Net Assets: $168,764
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Organization Details
Founding Year
2011
Principal Officer
Trung Huynh
Main Address
6310 REEGA AVE, EGG HARBOR TOWNSHIP, NJ, 08234
NTEE Category
Code: X50 - Religion related
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