Overview
What is Lien Hoa Buddhist Temple-Chua Lien Hoa?
Lien Hoa Buddhist Temple-Chua Lien Hoa is a nonprofit establishment situated in Chicago, Illinois. It serves as a hub for Buddhist followers, hosting nightly bible study sessions. As a Buddhist organization, it offers a platform for individuals to delve into Buddhist teachings and practices. Although specific details about the temple's mission or broader activities are not provided, it is clear that it plays an essential role in the Buddhist community in Chicago, providing opportunities for spiritual growth and study.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 33%
Lien Hoa Buddhist Temple-Chua Lien Hoa currently holds a low rating of 33%, resulting in a Zero-Star out of Four Stars designation. This score primarily reflects concerns in accountability and finance, with significant deficits in transparency and governance policies. While the organization boasts a fully independent board of directors, which is a notable strength, the lack of required policies and disclosures raises questions about its operational integrity.
The temple has been recognized for having no material diversion of assets, indicating that funds are likely being managed appropriately in that regard. However, the absence of essential governance documents such as a conflict of interest policy and a whistleblower policy suggests a need for improvement in internal controls and accountability practices. Furthermore, critical documents like meeting minutes are present, but several other essential disclosures are notably missing from their public facing materials.
Financially, the organization struggles, with a program expense ratio of 0%, indicating that funds may not be directed toward programmatic activities. Additionally, the liabilities to assets ratio at 30.89% could suggest potential financial instability. Overall, while there are strengths in governance, the lack of transparency and financial oversight presents significant limitations for Lien Hoa Buddhist Temple-Chua Lien Hoa.
This AI summary has been generated from information found on Charity Navigator.
Is Lien Hoa Buddhist Temple-Chua Lien Hoa legitimate?
Lien Hoa Buddhist Temple-Chua Lien Hoa is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lien Hoa Buddhist Temple-Chua Lien Hoa 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 Lien Hoa Buddhist Temple-Chua Lien Hoa?
The Lien Hoa Buddhist Temple, an established Buddhist organization, primarily focuses on conducting nightly bible studies. While the provided information does not explicitly state a mission statement, one can infer that the temple's mission likely involves the promotion and study of Buddhism, as well as providing a spiritual community for its members. The temple's location or any additional activities beyond the nightly bible studies are not specified in the provided data.
Who is the CEO of Lien Hoa Buddhist Temple-Chua Lien Hoa?
Thich Hai Tin is the Buddhist Monk of Lien Hoa Buddhist Temple-Chua Lien Hoa.
What is the revenue of Lien Hoa Buddhist Temple-Chua Lien Hoa?
Lien Hoa Buddhist Temple-Chua Lien Hoa's revenue in 2022 was $128,543.
Who are the executives of Lien Hoa Buddhist Temple-Chua Lien Hoa and what are their salaries?
There 12 volunteers at Lien Hoa Buddhist Temple-Chua Lien Hoa.
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Lien Hoa Buddhist Temple-Chua Lien Hoa?
Lien Hoa Buddhist Temple-Chua Lien Hoa's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lien Hoa Buddhist Temple-Chua Lien Hoa
Lien Hoa Buddhist Temple-Chua Lien Hoa serves as a hub for nightly Buddhist bible study programs, acting as a dedicated Buddhist organization. Situated in Chicago, IL, this temple is primarily focused on fostering spiritual growth through the study of Buddhist scriptures. By hosting these nightly sessions, the temple provides an opportunity for individuals to delve deeper into their spiritual beliefs and engage in collective reflection and learning. As a Buddhist organization, Lien Hoa Buddhist Temple-Chua Lien Hoa contributes to the religious and spiritual well-being of its community, offering a space for individuals to engage in their faith and pursue personal spiritual development.
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Impact
October, 2024
Lien Hoa Buddhist Temple-Chua Lien Hoa plays a significant role in the Chicago community by providing a space for individuals to engage in spiritual growth and education. Its nightly Buddhist bible study programs foster a deep understanding of Buddhist teachings, promoting mindfulness, compassion, and community. This enables participants to explore their spirituality and build connections with others who share similar beliefs.
The temple serves as a cultural hub, bridging gaps between diverse communities and offering a welcoming environment for those seeking to learn about Buddhism. Such activities contribute not only to personal development but also to community cohesion, as members engage in discussions, share experiences, and support each other in their spiritual journeys. Lien Hoa Buddhist Temple-Chua Lien Hoa thus enhances the cultural and spiritual fabric of Chicago, promoting peace, understanding, and respect among various backgrounds.
This information is meant to be a general summary of Lien Hoa Buddhist Temple-Chua Lien Hoa. 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: $128,543
Assets and Liabilities:
- Total Assets: $673,814
- Total Liabilities: $208,167
- Net Assets: $465,647
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Organization Details
Founding Year
2015
Phone
(773) 772-5445Principal Officer
Thich Hai Tin
Main Address
1634 N KEDZIE AVENUE, CHICAGO, IL, 60647
NTEE Category
Code: X50 - Religion related
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