Overview
What is Minnesota Falun Dafa Association?
The Minnesota Falun Dafa Association serves as a nonprofit organization, dedicated to aiding individuals who wish to enhance their physical and mental well-being through the practice of Falun Dafa. Additionally, this group endeavors to foster public appreciation and understanding of traditional Chinese culture and arts. Notably, the association operates independently, without relying on grants or external contributions.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 67%)
The Minnesota Falun Dafa Association has received a two-star rating from Charity Navigator, indicating that there are several areas needing improvement. While the organization boasts a strong financial accountability score due to its 100% independent board members and a solid program expense ratio of 100%, it has significant weaknesses in its financial reporting and governance practices, as indicated by the lack of financial statements and missing essential policies.
The organization has demonstrated effectiveness in utilizing its funds for programmatic purposes, as evidenced by its program expense ratio. However, the absence of documented financial statements and essential governance policies, such as conflict of interest and whistleblower protections, raises concerns about the organization's transparency and operational integrity.
Overall, while the Minnesota Falun Dafa Association has strengths in its board independence and program expenses, the need for improved financial documentation and governance practices is critical to enhance its accountability and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Minnesota Falun Dafa Association legitimate?
Minnesota Falun Dafa Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Minnesota Falun Dafa Association 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 Minnesota Falun Dafa Association?
The Minnesota Falun Dafa Association's mission is centered around assisting individuals who are interested in enhancing their physical and mental well-being through the practice of Falun Dafa. Additionally, the organization strives to foster public understanding and appreciation of traditional Chinese culture and arts. The association carries out its activities independently, without any external funding or grants.
Who is the CEO of Minnesota Falun Dafa Association?
Joy Zhao is the Principal Officer of Minnesota Falun Dafa Association.
What is the revenue of Minnesota Falun Dafa Association?
Minnesota Falun Dafa Association's revenue in 2023 was $723,952.
Who are the executives of Minnesota Falun Dafa Association and what are their salaries?
There 20 volunteers at Minnesota Falun Dafa Association.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Minnesota Falun Dafa Association?
Minnesota Falun Dafa Association's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Minnesota Falun Dafa Association
The Minnesota Falun Dafa Association is committed to aiding individuals who are drawn to enhancing their physical and mental well-being through the practice of Falun Dafa. Additionally, this nonprofit organization seeks to foster public knowledge and appreciation of traditional Chinese culture and arts. By engaging in these activities, the Minnesota Falun Dafa Association aims to promote personal growth and cultural enrichment for its members and the broader community. The organization operates independently, without relying on external grants or contributions.
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Impact
July, 2024
The Minnesota Falun Dafa Association's impact lies in its dedication to assisting individuals in improving their body and mind through the practice of Falun Dafa. By providing guidance and resources for those interested in this practice, the association aims to enhance the well-being of its participants. Additionally, through its promotion of traditional Chinese culture and arts, the association contributes to a greater understanding and appreciation of these aspects within the community. Overall, the Minnesota Falun Dafa Association plays a vital role in supporting personal growth and cultural enrichment for individuals in the CHANHASSEN area and beyond.
This information is meant to be a general summary of Minnesota Falun Dafa Association. 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.
- Program Service Revenue: $723,952
- Gross Receipts: $723,952
Assets and Liabilities:
- Total Assets: $588,803
- Total Liabilities: $0
- Net Assets: $588,803
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Hosting a Classical Chinese Dance
Revenue
$723,952
Organization Details
Founding Year
2009
Phone
(612) 367-7158Principal Officer
Joy Zhao
Main Address
PO Box 1056, Chanhassen, MN, 55317
NTEE Category
Code: A20 - Arts
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