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Wat Sovannasam Meditation A Non

Profit Religious Corporation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 464652764 ✦ Long beach, CA ✦ Designated as a 501(c)(3)

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Overview

What is Wat Sovannasam Meditation A Non?

Wat Sovannasam Meditation A Non is a nonprofit religious organization located within the Buddhist community. Its primary mission involves offering regular everyday religious services to its Buddhist members. These services include spiritual chantings aimed at blessing individuals and their families, as well as daily classes to teach the fundamental principles of Buddhism to its members. The organization is managed by Sovann Eiv.


Official website here: www.none

What are the reviews and ratings of this charity?

Charity Navigator Rating: 36%, Zero-Star out of Four Star rating.

Wat Sovannasam Meditation A Non has received a poor rating of 36% from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. While the organization boasts a fully independent board with no material diversions of assets, issues such as the absence of key policies, including a conflict of interest policy and a whistleblower policy, have negatively impacted its overall score.

One area where the organization performed well includes the documentation of board meeting minutes and the listing of its website on its tax form, which shows some adherence to transparency. However, the total absence of program expenses raises red flags about the effectiveness and impact of its initiatives. The liabilities to assets ratio is also alarmingly high, suggesting potential financial instability.

Overall, while Wat Sovannasam Meditation A Non demonstrates some strengths in governance and independence, the lack of essential financial policies and program funding leaves much to be desired. The low score serves as a caution for potential donors regarding the organization's operational effectiveness and financial health.


This AI summary has been generated from information found on Charity Navigator.

Is Wat Sovannasam Meditation A Non legitimate?

Wat Sovannasam Meditation A Non is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wat Sovannasam Meditation A Non 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


Official website here: www.none

What is the mission statement of Wat Sovannasam Meditation A Non?

Wat Sovannasam Meditation A Non carries out regular daily religious services for all its Buddhist members. These services involve spiritual chantings aimed at blessing the individuals and their families. In addition, the organization provides classes teaching Buddhist principles to its members. Its mission is to provide a platform for religious practices and education, fostering spiritual growth and unity among its members.


Official website here: www.none

Who is the CEO of Wat Sovannasam Meditation A Non?

Sovann Eiv is the Laid Man Leader of Wat Sovannasam Meditation A Non.


Official website here: www.none

What is the revenue of Wat Sovannasam Meditation A Non?

Wat Sovannasam Meditation A Non's revenue in 2022 was $33,300.


Official website here: www.none

Who are the executives of Wat Sovannasam Meditation A Non and what are their salaries?

There 5 volunteers at Wat Sovannasam Meditation A Non.


Here are 5 key members and their salaries:


Phom Suos (Laid Man Leader)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chhin Khorl (Laid Man)
  • Compensation: $0
  • Related: $0
  • Other: $0
Majib Kuch (Treasure)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sovann Eiv (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rattana Vat (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.none

Where can I find the form 990 for Wat Sovannasam Meditation A Non?

Wat Sovannasam Meditation A Non's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.none

Learn more at the official website: www.none

Mission Statement of Wat Sovannasam Meditation A Non

Wat Sovannasam Meditation A Non, a religious corporation, dedicates its mission to providing regular everyday services to its Buddhist members. The organization's activities encompass both spiritual and educational aspects. The spiritual side involves conducting blessings for the people and their families through daily spiritual chantings. On the educational front, Wat Sovannasam offers classes to teach its members about Buddhist principles. The corporation is led by Sovann Eiv.

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Impact




August, 2024

The impact of Wat Sovannasam Meditation's religious services on a regular everyday basis with all Buddhist members is significant in fostering a sense of spiritual connection and community among its followers. Through spiritual chantings that bless people and their families, as well as daily teachings of Buddhist principles, the organization plays a vital role in upholding and disseminating the core tenets of Buddhism. This serves to deepen the understanding and practice of Buddhist spirituality among its members, promoting personal growth and a sense of belonging within the community.




This information is meant to be a general summary of Wat Sovannasam Meditation A Non. 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.

Revenue
$33,300 (2022)
Expenses
$32,628 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $33,300

Assets and Liabilities:

  • Total Assets: $482,185
  • Total Liabilities: $457,251
  • Net Assets: $24,934

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Organization Details

Founding Year

2002

Principal Officer

Sovann Eiv

Main Address

1622 CHERRY AVENUE, LONG BEACH, CA, 90813

Website

www.none

NTEE Category

Code: X50 - Religion related

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