Overview
What is Wat Dhammararam Buddhist Association?
The Wat Dhammararam Buddhist Association, located at 3732 E Carpenter Rd, Stockton, CA 95215, is a nonprofit organization adhering to IRS code 501(C)(3). Their primary mission is to teach and promote Buddhism through practice to their members, friends, and the public. The association has a strong financial standing, with a significant revenue surplus at the end of 2022, totaling $717,965, despite covering annual expenses of $162,094. The nonprofit organizes various fundraising events, contributing a substantial amount of $880,059 to its operations throughout the year. Their activities are directly supported by Buddhist members, friends, and the public, making them a vital community resource for the practice and understanding of Buddhism.
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (50%)
Wat Dhammararam Buddhist Association received a One-Star rating from Charity Navigator, indicating a significant concern regarding its accountability and financial practices. The organization scored 50% overall, with its rating derived solely from a low Accountability & Finance score. This score highlights critical areas of compliance that the organization has not met, resulting in a lack of transparency and governance.
One of the primary issues is the absence of independent board members, with 0% reported in this category. Additionally, essential documents such as financial statements and board meeting minutes are missing, raising questions about the organization’s operational integrity. The lack of policies related to conflict of interest, whistleblower protections, and document retention further exacerbates the concerns regarding management practices.
On a more positive note, the organization has demonstrated a strong program expense ratio of 100%, meaning that all its expenses are directed towards its programs. Moreover, the liabilities to assets ratio stands at 0.00%, indicating no debt, which is a positive sign of financial stability despite the overall governance concerns.
This AI summary has been generated from information found on Charity Navigator.
Is Wat Dhammararam Buddhist Association legitimate?
Wat Dhammararam Buddhist Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wat Dhammararam Buddhist 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:
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For more financial information, click here
What is the mission statement of Wat Dhammararam Buddhist Association?
The Wat Dhammararam Buddhist Association, functioning under IRS code 501(C)(3), serves as a non-profit organization with a mission to instruct and encourage the practice of Buddhist religion. They extend their teachings and practices to their members, friends, and the public at large. The association derives its support directly from Buddhist followers, friends, and the public. The organization is also known for hosting various fundraising events, with substantial funds accumulated in the previous year, contributing to their overall operations and revenue generation.
Who is the CEO of Wat Dhammararam Buddhist Association?
Pum Kuch is the President of Wat Dhammararam Buddhist Association.
What is the revenue of Wat Dhammararam Buddhist Association?
Wat Dhammararam Buddhist Association's revenue in 2022 was $880,059.
Who are the executives of Wat Dhammararam Buddhist Association and what are their salaries?
There 22 volunteers at Wat Dhammararam Buddhist Association.
Here are 22 key members and their salaries:
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Where can I find the form 990 for Wat Dhammararam Buddhist Association?
Wat Dhammararam Buddhist Association's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Wat Dhammararam Buddhist Association
Wat Dhammararam Buddhist Association, as a non-profit organization under IRS code 501(C)(3), is devoted to spreading and promoting Buddhist religion. The association serves as a platform for teaching and practicing Buddhism, welcoming not only its members but also friends and the public at large. This mission is supported directly by Buddhist followers, friends, and the public, demonstrating a strong community backing.
The association's activities are funded primarily through various fundraising events. The financial report from the previous year indicates that Wat Dhammararam Buddhist Association raised $370,910 through such events. Additionally, they had an additional $509,149 in cash on hand, contributing to a total of $880,059. After accounting for all expenses incurred throughout the year, the organization reported a revenue of $162,094 at the end of 2022, totaling $717,965. This financial sustainability allows the association to continue its mission of teaching and practicing Buddhism to its community.
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Impact
July, 2024
Wat Dhammararam Buddhist Association's impact lies in its dedication to teaching and practicing the Buddhist religion to its members, friends, and the broader public. Through its nonprofit status, the organization is able to carry out its mission under IRS Code 501(c)(3) and receive direct support from Buddhist members, friends, and the community. The fundraising events conducted by the association have raised substantial funds, which have been utilized to support various initiatives related to promoting Buddhist teachings and practices.
The financial data indicates that Wat Dhammararam Buddhist Association has been able to secure a significant amount of revenue through its activities, resulting in a positive impact on its ability to continue its mission. The organization's presence in Stockton, CA, serves as a focal point for those interested in the Buddhist religion, providing a space for learning, community engagement, and spiritual growth.
Overall, Wat Dhammararam Buddhist Association's impact can be seen in its efforts to disseminate Buddhist teachings, foster a sense of community among its members, and create opportunities for spiritual development for individuals of all backgrounds. Through its activities and events, the association contributes to the cultural and religious diversity of the Stockton area, enriching the lives of those who engage with its offerings.
This information is meant to be a general summary of Wat Dhammararam Buddhist 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 2022.
- Gross Receipts: $880,059
Assets and Liabilities:
- Total Assets: $1,667,965
- Total Liabilities: $0
- Net Assets: $1,667,965
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Organization Details
Founding Year
1982
Phone
(209) 943-2883Principal Officer
Pum Kuch
Main Address
3732 E CARPENTER RD, STOCKTON, CA, 95215
NTEE Category
Code: X50Z - Religion related
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