Overview
What is Phap Hai Temple?
Phap Hai Temple is a nonprofit establishment situated in Fort Smith, Arkansas, with an address at 5201 Virginia Ave. Its primary purpose is to serve as a sanctuary for religious worship, meditation, and education within the Buddhist faith. The temple conducts weekly worship services on Sundays, led by a religious ministry provider selected by the congregation and organizational leaders. The environment is kept simple and peaceful, fostering an atmosphere conducive to learning and spiritual growth. The temple's mission revolves around offering a space for religious activities, promoting inner peace, and educating individuals about the Buddhist faith.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 43% (Zero-Star out of Four Stars)
Phap Hai Temple has received a low rating of 43% from Charity Navigator, earning it a Zero-Star designation. This score indicates that the charity may have significant areas needing improvement, particularly in its program expense ratio, which stands at just 40.49%. The overall score is primarily derived from accountability and finance metrics, reflecting how the organization manages its resources.
On a positive note, Phap Hai Temple demonstrates a strong commitment to governance, as evidenced by its 100% independent board members and proper documentation of board meeting minutes. Additionally, there is no reported diversion of assets, which suggests a level of integrity in financial management. The board's size, consisting of three independent members, also aligns well with best practices in nonprofit governance.
However, the charity's liabilities to assets ratio of 56.08% indicates potential financial vulnerability. Improvements in the program expense ratio could enhance the impact of its services and overall financial health. Addressing these weaknesses is essential for the organization to enhance its credibility and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Phap Hai Temple legitimate?
Phap Hai Temple is a legitimate nonprofit organization registered as a 501(c)(3) entity. Phap Hai Temple 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 Phap Hai Temple?
The Phap Hai Temple's primary purpose is to serve as a venue for religious worship, meditation, and education. Regular Buddhist services are held every Sunday, led by a religious ministry provider selected by the congregation and the temple's leaders. The temple's mission is to foster a peaceful environment where the Buddhist faith is taught and practiced. It aims to provide a space for spiritual growth and learning, fostering a sense of community among its attendants. The temple also encourages meditation as a means of personal and spiritual development.
Who is the CEO of Phap Hai Temple?
Unavailable
What is the revenue of Phap Hai Temple?
Phap Hai Temple's revenue in 2022 was $31,840.
Who are the executives of Phap Hai Temple and what are their salaries?
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 Phap Hai Temple?
Phap Hai Temple's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Phap Hai Temple
Phap Hai Temple, a nonprofit organization, is dedicated to serving as a sanctuary for religious worship, meditation, and education. Every Sunday, the temple hosts Buddhist services, led by a spiritual leader selected by the congregation and organizational leaders. This religious institution fosters an environment that is serene and conducive to spiritual growth, teaching the Buddhist faith with simplicity and peace. The primary mission of Phap Hai Temple is to provide a space where individuals can connect with their spirituality, meditate, and learn about the Buddhist faith. The temple's services aim to foster a sense of community and spiritual growth within its attendees.
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Impact
August, 2024
Phap Hai Temple has had a significant impact in Fort Smith, Arkansas by providing a place for religious worship, meditation, and education for the Buddhist community. The Temple's regular Sunday worship services led by chosen religious ministry providers have created a space for spiritual growth and learning in a peaceful environment. Through these services and teachings, the Temple has helped promote the practice and understanding of the Buddhist faith among its congregation and the broader community. This impact extends beyond just religious services and education, influencing individuals in their personal spiritual journeys and fostering a sense of community among those who share similar beliefs and values.
This information is meant to be a general summary of Phap Hai Temple. 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: $31,840
Assets and Liabilities:
- Total Assets: $828,618
- Total Liabilities: $462,128
- Net Assets: $366,490
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Organization Details
Founding Year
2016
Main Address
5201 VIRGINIA AVE, Fort Smith, AR, 72904
NTEE Category
Code: X50 - Religion related
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