Overview
What is Won Meditation Center Inc?
The Won Meditation Center Inc, situated in Lake Elsinore, California, is a dedicated nonprofit organization that plays a significant role in promoting Won Buddhism and moral training. Their mission extends beyond religious beliefs, encompassing the provision of assistance and care for vulnerable individuals, primarily children and the elderly who require support. The center is also actively engaged in general welfare works, aiming to contribute positively to the community. Currently, they are working on constructing a new training facility to further expand their reach and impact.
Official website here: www.wonbuddhismla.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 27%
Won Meditation Center Inc has received a low rating of 27%, resulting in a Zero-Star out of Four Stars designation. This score is concerning as it indicates significant weaknesses in accountability and financial practices. While the organization has achieved full marks for having an independent board, the absence of financial statements and critical policies like conflict of interest and whistleblower protections raises red flags about transparency.
The center has reported a program expense ratio of only 4.32%, suggesting that a minimal portion of its resources is directed towards its mission-driven activities. This low percentage may imply inefficiencies in the allocation of funds, which could limit the organization's effectiveness in serving its intended community or purpose.
Overall, while the governance structure appears sound with a fully independent board, the lack of essential financial documentation and oversight policies severely impacts the center's credibility. Potential donors and stakeholders should consider these factors when evaluating the organization's reliability and commitment to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Won Meditation Center Inc legitimate?
Won Meditation Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Won Meditation Center Inc 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: $1,011
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.wonbuddhismla.org
What is the mission statement of Won Meditation Center Inc?
The Won Meditation Center Inc is committed to spreading the teachings of Won Buddhism and promoting moral values through faith training. They offer assistance and care to children and the elderly in need, demonstrating their dedication to helping vulnerable individuals. Additionally, the center engages in general welfare works, contributing to various community needs. In an ongoing effort, they are currently building a new training center to further their mission.
Official website here: www.wonbuddhismla.org
Who is the CEO of Won Meditation Center Inc?
Andy Yang is the Ceo of Won Meditation Center Inc. The CEO's salary of Won Meditation Center Inc is $0 and their total compensation is $0.
Official website here: www.wonbuddhismla.org
What is the revenue of Won Meditation Center Inc?
Won Meditation Center Inc's revenue in 2022 was $716,492.
Official website here: www.wonbuddhismla.org
Who are the executives of Won Meditation Center Inc and what are their salaries?
Here are 3 key members and their salaries (Won Meditation Center Inc's CEO's salary is $0 and their total compensation is $0):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.wonbuddhismla.org
Where can I find the form 990 for Won Meditation Center Inc?
Won Meditation Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wonbuddhismla.org
Learn more at the official website: www.wonbuddhismla.org
Mission Statement of Won Meditation Center Inc
Won Meditation Center Inc is dedicated to spreading the teachings of Won Buddhism and promoting moral values through faith. This nonprofit organization also provides assistance and care for children and elderly individuals who are in need. Furthermore, Won Meditation Center Inc is involved in various general welfare works. The primary mission of this organization is to evangilize Won Buddhism, propagate its principles of faith and moral training, and offer aid to vulnerable populations such as children and the elderly. By carrying out these activities, Won Meditation Center Inc aims to contribute positively to society and uphold its commitment to providing assistance and care to those in need.
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Impact
July, 2024
Won Meditation Center Inc's impact includes evangelizing Won Buddhism, propagating the principles of faith and moral training, providing assistance and care for children and the elderly in need, and carrying out general welfare works. The center's programs aim to build a new training center and are based in Lake Elsinore, California. By spreading the teachings of Won Buddhism and offering aid to those in need, the center contributes to the spiritual and social well-being of individuals in the community.
This information is meant to be a general summary of Won Meditation Center Inc. 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: $716,492
Assets and Liabilities:
- Total Assets: $4,090,476
- Total Liabilities: $0
- Net Assets: $4,090,476
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Organization Details
Founding Year
2015
Phone
(714) 335-5747Principal Officer
Andy Yang
Main Address
19993 GRAND AVE, Lake Elsinore, CA, 92530
Website
www.wonbuddhismla.orgNTEE Category
Code: X50 - Religion related
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