Overview
What is The Quan Am Buddhist Monastery?
The Quan Am Buddhist Monastery, situated at 1134 Roberts Ave, San Jose, CA 95122, serves as a sanctuary for Buddhists. Its primary objective is to offer a space for worship, with regular masses, meditations, and ceremonies dedicated to honoring Buddha. The monastery also extends its kindness to the less fortunate by providing free meals. With a small team of one dedicated individual, the monastery upholds the traditional Buddhist practices and fosters a sense of community and spiritual growth.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 50%, One-Star out of Four Star rating.
The Quan Am Buddhist Monastery has received a low rating of 50%, indicated by its One-Star status. This score reflects significant concerns in the areas of accountability and finance, particularly due to a lack of independent board members and missing essential governance policies such as conflict of interest and whistleblower policies. The absence of a website listed on the tax form further detracts from its transparency.
Despite these weaknesses, the organization does demonstrate strengths in its financial management, with a program expense ratio of 100% and a liabilities to assets ratio of 46.67%. This indicates that it allocates all of its expenses directly to programs rather than administrative costs, which is a positive aspect of its operations. However, the overall lack of governance and transparency raises questions about its long-term sustainability.
Users and potential donors should be aware of these limitations when considering support for The Quan Am Buddhist Monastery. While the organization is effective in directing funds toward its programs, the governance issues highlighted by the low accountability score suggest a need for improvement in operational practices to enhance trust and credibility with stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is The Quan Am Buddhist Monastery legitimate?
The Quan Am Buddhist Monastery is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Quan Am Buddhist Monastery 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: $4,800
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of The Quan Am Buddhist Monastery?
The Quan Am Buddhist Monastery serves as a sanctuary for Buddhists, offering a place for religious activities. Its mission can be summarized as providing a venue for worship, including mass attendance, meditation, and Buddha veneration. Additionally, the temple extends its philanthropic efforts by offering free meals to those in need. The organization aims to foster spiritual growth and community among its followers, providing a space for both religious and charitable activities.
Who is the CEO of The Quan Am Buddhist Monastery?
Chairman is the Principal Officer of The Quan Am Buddhist Monastery.
What is the revenue of The Quan Am Buddhist Monastery?
The Quan Am Buddhist Monastery's revenue in 2022 was $132,105.
Who are the executives of The Quan Am Buddhist Monastery and what are their salaries?
The average compensation at The Quan Am Buddhist Monastery during 2022 was $4,800. There is 1 employee at The Quan Am Buddhist Monastery.
There is 1 key member and their salary:
- Compensation: $4,800
- Related: $0
- Other: $0
Where can I find the form 990 for The Quan Am Buddhist Monastery?
The Quan Am Buddhist Monastery's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Quan Am Buddhist Monastery
The Quan Am Buddhist Monastery serves as a sacred sanctuary, offering a worshipping space for followers of Buddhism. Its primary mission is to cater to the spiritual needs of the Buddhist community, allowing them to attend mass, engage in meditation, and pay homage to Buddha. Beyond religious practices, the monastery extends its support to those in need by providing free food to the impoverished. This multifaceted initiative demonstrates the monastery's commitment to fostering both spiritual growth and community well-being.
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Impact
October, 2024
The Quan Am Buddhist Monastery significantly enriches the community by offering a sacred space for worship and meditation, fostering spiritual growth among Buddhists. It serves as a cultural hub where individuals can gather for masses and communal practices, deepening their connection to their faith and each other.
In addition to spiritual services, the monastery plays a vital role in addressing the needs of the less fortunate by providing free meals, thereby promoting compassion and support within the community. This outreach not only alleviates hunger but also embodies the core values of Buddhism, such as charity and kindness.
Moreover, The Quan Am Buddhist Monastery creates an inclusive environment that invites the public to engage with Buddhist teachings and practices, encouraging interfaith dialogue and understanding. Its presence in San Jose nurtures a sense of belonging and community for Buddhists and non-Buddhists alike, enriching the cultural landscape of the area.
This information is meant to be a general summary of The Quan Am Buddhist Monastery. 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: $132,105
Assets and Liabilities:
- Total Assets: $577,678
- Total Liabilities: $201,226
- Net Assets: $376,452
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Organization Details
Founding Year
2003
Phone
(408) 998-0986Principal Officer
Chairman
Main Address
1134 ROBERTS AVE, SAN JOSE, CA, 95122
NTEE Category
Code: X50 - Religion related
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