Overview
What is Long Island Buddhist Meditation Center?
The Long Island Buddhist Meditation Center, located at 5268 Sound Avenue, Riverhead, New York 11901, is a nonprofit organization dedicated to serving its community. Their primary mission revolves around offering meditation sessions year-round, fostering a peaceful environment and mindset, which is integral to Buddhism. Beyond this, they extend their support to the needy, particularly those in shelters, through various means. However, the specifics of these initiatives, such as education or clean water projects, are not detailed in the provided information.
Official website here: www.libmc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star rating)
The Long Island Buddhist Meditation Center has achieved a high rating of 94%, reflecting its strong accountability and financial management practices. This score is based entirely on the Accountability & Finance beacon, indicating that the organization prioritizes transparency and responsible governance. A notable aspect is its 100% independent board, which enhances the integrity of its operations.
The center demonstrates excellent financial health with a program expense ratio of 82.12%, meaning the majority of its resources are allocated towards its programs rather than administrative costs. Additionally, it has no reported issues with material diversion of assets, highlighting its commitment to ethical practices. The organization has established several essential policies, including conflict of interest and whistleblower policies, reinforcing its commitment to accountability.
However, there are a few areas for improvement. The organization did not provide minutes from board meetings, which could enhance transparency. Additionally, the tax form was not posted on its website as required, which detracts from its overall score in the transparency category. Despite these limitations, the Long Island Buddhist Meditation Center remains a well-managed nonprofit dedicated to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Long Island Buddhist Meditation Center legitimate?
Long Island Buddhist Meditation Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Long Island Buddhist Meditation Center 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
Official website here: www.libmc.org
What is the mission statement of Long Island Buddhist Meditation Center?
The Long Island Buddhist Meditation Center's mission is centered around providing meditation sessions to the community throughout the year. This initiative serves as a unifying platform, attracting individuals seeking inner peace, an essential aspect of Buddhism. Beyond meditation, the center also aims to contribute to societal well-being, with a focus on supporting the needy in shelters, promoting education, and ensuring access to clean water.
Official website here: www.libmc.org
Who is the CEO of Long Island Buddhist Meditation Center?
Kottawe Nanda is the President of Long Island Buddhist Meditation Center.
Official website here: www.libmc.org
What is the revenue of Long Island Buddhist Meditation Center?
Long Island Buddhist Meditation Center's revenue in 2022 was $48,588.
Official website here: www.libmc.org
Who are the executives of Long Island Buddhist Meditation Center and what are their salaries?
Here are 3 key members and their salaries:
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Official website here: www.libmc.org
Where can I find the form 990 for Long Island Buddhist Meditation Center?
Long Island Buddhist Meditation Center's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.libmc.org
Learn more at the official website: www.libmc.org
Mission Statement of Long Island Buddhist Meditation Center
The Long Island Buddhist Meditation Center, in its mission, aims to bring together individuals seeking tranquility by offering meditation sessions throughout the year. This practice is deeply rooted in Buddhism, serving as a fundamental aspect of the religious philosophy. The center's objective is to provide a serene environment where individuals can find inner peace, a core tenet of Buddhism.
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Impact
August, 2024
The impact of the Long Island Buddhist Meditation Center is widespread and profound. Through offering meditation sessions throughout the year, the center brings together individuals seeking a peaceful state of mind, rooted in the teachings of Buddhism. This sense of community and practice of mindfulness helps participants cultivate inner tranquility and well-being. Additionally, the center extends its support to those in need by aiding in shelter, education, and access to clean water. By promoting inner peace and compassion while addressing societal challenges, the Long Island Buddhist Meditation Center serves as a beacon of positive change in the community of Riverhead, NY.
This information is meant to be a general summary of Long Island Buddhist Meditation Center. 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: $48,588
Assets and Liabilities:
- Total Assets: $195,616
- Total Liabilities: $106,650
- Net Assets: $88,966
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Organization Details
Founding Year
2008
Phone
(631) 828-6296Principal Officer
Kottawe Nanda
Main Address
5268 Sound Ave, Riverhead, NY, 11901
Website
www.libmc.orgNTEE Category
Code: X50 - Religion related
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