Overview
What is Seattle Meditation Center?
The Seattle Meditation Center, located at 21910 44th Ave W, Mountlake Terrace, WA 98043, is a religious nonprofit organization dedicated to enlightening the public about meditation and Buddhism. With a team of nine individuals, its primary objective is to serve as a sanctuary for followers to congregate, engage in spiritual practices, and cultivate their personal growth towards a state of purity. The center also extends its mission through charitable contributions and services, further promoting the teachings of Buddhism.
Official website here: www.meditationseattle.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement, 67%)
The Seattle Meditation Center has received a two-star rating from Charity Navigator, indicating that the organization needs improvement in certain areas. The overall score of 67% reflects a satisfactory performance in financial management but highlights significant gaps in governance practices, particularly the lack of independent board members and missing policies related to conflicts of interest and whistleblower protections.
One of the strengths of the Seattle Meditation Center is its financial health, demonstrated by a low liabilities to assets ratio of 6.26% and a high program expense ratio of 74.34%. These figures suggest that the majority of the center's resources are directed towards its programs rather than administrative costs. Additionally, the center has no reported material diversion of assets, which reinforces its financial integrity.
However, the organization faces serious governance challenges, as evidenced by its 0% independent board members and the absence of essential policies such as conflict of interest and whistleblower protections. The lack of documented board meeting minutes and failure to post the tax form on its website further indicate a need for improved transparency and accountability in operations. Addressing these issues would enhance the center's credibility and support its mission more effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Seattle Meditation Center legitimate?
Seattle Meditation Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Seattle Meditation Center 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: $312,984
For more financial information, click here
Official website here: www.meditationseattle.org
What is the mission statement of Seattle Meditation Center?
The Seattle Meditation Center's mission is focused on enlightening the public about meditation and the principles of Buddhism. It serves as a sanctuary where individuals can assemble to practice and hone their meditation skills, with the ultimate goal of achieving a state of pure self. The center also actively contributes to charitable causes.
Official website here: www.meditationseattle.org
What is the revenue of Seattle Meditation Center?
Seattle Meditation Center's revenue in 2022 was $818,137.
Official website here: www.meditationseattle.org
Who are the executives of Seattle Meditation Center and what are their salaries?
The average compensation at Seattle Meditation Center during 2022 was $34,776. There are 9 employees at Seattle Meditation Center.
Here are 6 key members and their salaries:
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Official website here: www.meditationseattle.org
Where can I find the form 990 for Seattle Meditation Center?
Seattle Meditation Center's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.meditationseattle.org
Learn more at the official website: www.meditationseattle.org
Mission Statement of Seattle Meditation Center
Seattle Meditation Center is a religious organization dedicated to enlightening the public about meditation and the teachings of Buddhism. Its primary mission is to serve as a sanctuary for followers, offering a space where they can gather to practice and refine their meditation skills, ultimately striving for self-purification. The center aims to spread knowledge about meditation and Buddhism, inviting individuals from all walks of life to explore these practices and deepen their understanding.
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Impact
July, 2024
Seattle Meditation Center's impact includes educating the general public about meditation and Buddhism, providing a space for followers to gather and practice Buddhist teachings, and offering charitable contributions and services to the community. Through their activities and teachings, the center aims to promote mindfulness, spiritual growth, and the pursuit of inner peace among individuals seeking to better themselves through meditation and Buddhist practices.
This information is meant to be a general summary of Seattle Meditation Center. 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.
- Investment Income: $4,158
- Gross Receipts: $818,137
Assets and Liabilities:
- Total Assets: $2,472,462
- Total Liabilities: $154,844
- Net Assets: $2,317,618
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Organization Details
Founding Year
2003
Principal Officer
Daraniratana Lovichakorntikul
Website
www.meditationseattle.orgNTEE Category
Code: X50 - Religion related
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