Overview
What is Mindrolling Charitable Society Inc?
Mindrolling Charitable Society Inc, located in Stanley, Virginia, is a nonprofit organization with a mission to foster Buddhist education and meditation practice in the Tibetan Buddhist Nyingma Tradition. They achieve this by organizing meditation and Buddhist study retreats, aiding in the translation and dissemination of Buddhist texts, and offering public classes in various locations worldwide. Their impact reaches over 1,000 individuals, including providing educational support for students in monasteries in Sikkim and India, training and education for 45 Tibetan women in a nunnery, supporting monks in long-term retreats, and aiding a leprosy colony in India. The organization's activities are carried out by a team of four dedicated individuals.
Official website here: www.lotusgardens.org
What are the reviews and ratings of this charity?
80% rating from Charity Navigator indicates that Mindrolling Charitable Society Inc has achieved a Three-Star out of Four Stars status, reflecting a solid performance in the area of Accountability & Finance. This score is derived entirely from its strong accountability measures, which have been rated positively across several key aspects.
One of the organization's notable strengths is its governance structure, with 80% of its board composed of independent members, ensuring transparency and reduced conflicts of interest. Additionally, the charity demonstrates strong financial health, with a low liabilities to assets ratio and a high program expense ratio of 86.43%, which indicates that a significant portion of its funds is directed towards its mission-driven programs.
However, the charity faced a limitation in fundraising efficiency, as it recorded zero dollars in this area. While its programmatic spending is commendable, the inability to generate funds through fundraising efforts may impact its long-term sustainability. Overall, Mindrolling Charitable Society Inc shows a commitment to accountability and effective financial management while needing to enhance its fundraising strategies.
This AI summary has been generated from information found on Charity Navigator.
Is Mindrolling Charitable Society Inc legitimate?
Mindrolling Charitable Society Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mindrolling Charitable Society Inc 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: $157,038
Professional Fundraising Fees: $0
Other Salaries and Wages: $130,863
For more financial information, click here
Official website here: www.lotusgardens.org
What is the mission statement of Mindrolling Charitable Society Inc?
The Mindrolling Charitable Society Inc's mission is centered around providing Buddhist education and meditation practice, adhering to the Tibetan Buddhist Nyingma Tradition. They achieve this by organizing meditation and Buddhist study retreats and contributing to the translation and dissemination of Buddhist texts and teachings. Their activities serve around 1,000 individuals, extending beyond their meditation and education center in Stanley, Virginia, to reach people worldwide. They also provide educational support for students in monasteries in Sikkim and India. Additionally, the society offers training and education to approximately 45 Tibetan women living in a nunnery in India, supports monks in long-term retreats in India, and aids a leprosy colony in India.
Official website here: www.lotusgardens.org
What is the revenue of Mindrolling Charitable Society Inc?
Mindrolling Charitable Society Inc's revenue in 2023 was $3,002,662.
Official website here: www.lotusgardens.org
Who are the executives of Mindrolling Charitable Society Inc and what are their salaries?
The average compensation at Mindrolling Charitable Society Inc during 2023 was $71,975. There are 4 employees and 50 volunteers at Mindrolling Charitable Society Inc.
Here are 6 key members and their salaries:
- Compensation: $108,750
- Related: $0
- Other: $0
- Compensation: $52,000
- Related: $0
- Other: $0
- Compensation: $1,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.lotusgardens.org
Where can I find the form 990 for Mindrolling Charitable Society Inc?
Mindrolling Charitable Society Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.lotusgardens.org
Learn more at the official website: www.lotusgardens.org
Mission Statement of Mindrolling Charitable Society Inc
Mindrolling Charitable Society Inc is dedicated to spreading Buddhist education and meditation practices within the Tibetan Buddhist Nyingma Tradition. They accomplish this mission by organizing meditation and Buddhist study retreats, as well as assisting in the translation and dissemination of Buddhist texts and teachings. This nonprofit serves around 1,000 individuals through its programs, which include public classes in various locations worldwide, and educational support for students in monasteries in Sikkim and India. Additionally, Mindrolling Charitable Society Inc provides training and education for approximately 45 Tibetan women living in a nunnery in India, supports monks in long-term retreats in India, and aids a leprosy colony in India. In summary, Mindrolling Charitable Society Inc is committed to promoting Buddhist teachings and practices, supporting spiritual growth, and providing aid to various communities in need.
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Impact
July, 2024
Mindrolling Charitable Society Inc's impact can be seen through its dedication to providing Buddhist education and meditation practice in the Tibetan Buddhist Nyingma Tradition. The organization offers meditation and Buddhist study retreats, assists in translating and disseminating Buddhist texts and teachings, and operates a meditation, retreat, and education center taught by Buddhist meditation masters. Their programs serve approximately 1,000 individuals, including public classes in Stanley, Virginia, and other global locations. Additionally, they provide educational support to students in monasteries in Sikkim and India, train around 45 Tibetan women residing in a nunnery in India, support monks in long-term retreats in India, and aid a leprosy colony in India. Mindrolling Charitable Society Inc's work has significant international reach and impact in promoting Buddhist education and practice.
This information is meant to be a general summary of Mindrolling Charitable Society Inc. 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.
- Investment Income: $1,363
- Program Service Revenue: $344,211
- Gross Receipts: $3,118,513
Assets and Liabilities:
- Total Assets: $11,248,911
- Total Liabilities: $935,215
- Net Assets: $10,313,696
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program fees
Revenue
$344,211
Organization Details
Founding Year
2000
Principal Officer
Judith Wolfer
Website
www.lotusgardens.orgNTEE Category
Code: Q300 - International
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