Overview
What is Drepung Loseling Institute Of Texas?
Drepung Loseling Institute of Texas is a nonprofit organization committed to preserving and promoting the Tibetan Buddhist tradition. Through theoretical education and practical training, they aim to uphold the scholarly traditions of Tibetan Buddhism and safeguard Tibetan culture. Their mission encompasses study, teaching, and training, ensuring the continued existence and enrichment of this revered tradition.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 20% (Zero-Star out of Four Star rating)
The Drepung Loseling Institute of Texas has received a low rating of 20%, indicating significant concerns regarding its accountability and financial management. While the organization has a fully independent board, it lacks sufficient financial transparency, failing to provide essential financial statements and posting its tax forms online, which are critical for donor confidence and accountability.
Strengths of the organization include its independent board members, which reflects a commitment to governance; however, the lack of an adequate board size and governance policies such as conflict of interest and whistleblower policies raises red flags. Additionally, the organization's financial metrics are troubling, with a program expense ratio of 0.00%, suggesting that it may not be allocating resources effectively towards its charitable programs.
Overall, the Drepung Loseling Institute of Texas's financial practices and transparency issues present significant limitations that may affect donor trust and support. Potential donors should carefully consider these factors before contributing.
This AI summary has been generated from information found on Charity Navigator.
Is Drepung Loseling Institute Of Texas legitimate?
Drepung Loseling Institute Of Texas is a legitimate nonprofit organization registered as a 501(c)(3) entity. Drepung Loseling Institute Of Texas 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: $47,508
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Drepung Loseling Institute Of Texas?
The Drepung Loseling Institute of Texas is committed to the pursuit of studying, teaching, and preserving the Tibetan Buddhist tradition and culture. Through theoretical knowledge and practical training, the institute aims to uphold the scholarly traditions of Tibetan Buddhism while safeguarding its rich cultural heritage. The institute's mission is to contribute to the continuity of this ancient spiritual practice, thereby ensuring its survival and relevance in contemporary times.
What is the revenue of Drepung Loseling Institute Of Texas?
Drepung Loseling Institute Of Texas's revenue in 2023 was $713,435.
Who are the executives of Drepung Loseling Institute Of Texas and what are their salaries?
The average compensation at Drepung Loseling Institute Of Texas during 2023 was $23,754. There are 2 employees at Drepung Loseling Institute Of Texas.
Here are 3 key members and their salaries:
- Compensation: $24,431
- Related: $0
- Other: $0
- Compensation: $23,077
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Drepung Loseling Institute Of Texas?
Drepung Loseling Institute Of Texas's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Drepung Loseling Institute Of Texas
Drepung Loseling Institute of Texas is committed to promoting the study, teaching, and preservation of Tibetan Buddhist traditions and culture. This nonprofit organization's mission is multifaceted, encompassing both theoretical knowledge and practical training in the scholarly traditions of Tibetan Buddhism. By providing these educational opportunities, Drepung Loseling Institute of Texas aims to safeguard the rich cultural heritage of Tibetan Buddhism. The institute's dedication extends beyond theoretical learning, as it also works to ensure the preservation of Tibetan culture as a whole.
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Impact
July, 2024
The Drepung Loseling Institute Of Texas's impact is in promoting the study, teaching, and preservation of the Tibetan Buddhist tradition and culture in Houston, TX. Through theoretical knowledge and practical training in Tibetan Buddhist scholarly traditions, the institute contributes to the preservation of Tibetan culture and facilitates the sharing of this rich heritage with the community.
This information is meant to be a general summary of Drepung Loseling Institute Of Texas. 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 2023.
- Investment Income: $201
- Gross Receipts: $713,435
Assets and Liabilities:
- Total Assets: $2,211,158
- Total Liabilities: $117,312
- Net Assets: $2,093,846
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Organization Details
Founding Year
2015
NTEE Category
Code: X50 - Religion related
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