Overview
What is Buddhist Churches Of America Endowment Foundation?
The Buddhist Churches of America Endowment Foundation is a nonprofit organization based in San Francisco, California, specifically at 1710 Octavia Street, 3rd Floor. Their primary goal is to establish a solid financial foundation for the dissemination of Jodo Shinshu Hongwanji-ha Buddhism in the United States. This organization's mission is to support the Buddhist Churches of America in their efforts to propagate Shin Buddhism across America. With a small workforce of 4 individuals, they contribute to the growth and sustainability of this religious practice in America.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 65%)
The Buddhist Churches Of America Endowment Foundation currently holds a Two-Star rating from Charity Navigator, indicating a need for improvement in their accountability and finance practices. The organization's overall score is derived entirely from its accountability metrics, where it excels in areas such as having a fully independent board and a solid audit committee. However, it faces challenges in transparency, notably the absence of a whistleblower policy and missing tax forms on its website, which impacts its overall performance.
While the foundation demonstrates strengths in governance, with a fully independent board and no reported diversion of assets, the low program expense ratio of 32.81% raises concerns about how effectively it allocates funds towards its mission-related activities. This indicates that a significant portion of its budget may not be directed to programs that serve the community, which is a critical aspect for potential donors considering support.
In summary, while the Buddhist Churches Of America Endowment Foundation showcases a strong governance structure, it must address transparency issues and improve its financial management to enhance its effectiveness and donor trust. Addressing these limitations will be essential for the organization to better fulfill its mission and improve its standing in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Buddhist Churches Of America Endowment Foundation legitimate?
Buddhist Churches Of America Endowment Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Buddhist Churches Of America Endowment Foundation 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: $170,501
Professional Fundraising Fees: $0
Other Salaries and Wages: $112,405
For more financial information, click here
What is the mission statement of Buddhist Churches Of America Endowment Foundation?
The Buddhist Churches of America Endowment Foundation has a mission to establish a financially secure foundation for the spread of Jodo Shinshu Hongwanji-ha Buddhism in the United States. This organization aims to support the Buddhist Churches of America in their efforts to propagate Shin Buddhism in America. In essence, their purpose is to provide a stable financial base to strengthen and expand the influence of this particular form of Buddhism within the American context.
Who is the CEO of Buddhist Churches Of America Endowment Foundation?
Hideaki Mizuno is the President of Buddhist Churches Of America Endowment Foundation.
What is the revenue of Buddhist Churches Of America Endowment Foundation?
Buddhist Churches Of America Endowment Foundation's revenue in 2022 was $1,814,742.
Who are the executives of Buddhist Churches Of America Endowment Foundation and what are their salaries?
The average compensation at Buddhist Churches Of America Endowment Foundation during 2022 was $70,726. There are 4 employees at Buddhist Churches Of America Endowment Foundation.
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- Compensation: $115,140
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- Other: $55,362
Where can I find the form 990 for Buddhist Churches Of America Endowment Foundation?
Buddhist Churches Of America Endowment Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Buddhist Churches Of America Endowment Foundation
The Buddhist Churches of America Endowment Foundation aims to establish a financially stable foundation for the propagation of Jodo Shinshu Hongwanji-ha Buddhism in America. This nonprofit organization's mission is centered around providing a solid financial base to support the growth and spread of this form of Buddhism within the American context. By doing so, the Buddhist Churches of America Endowment Foundation intends to contribute significantly to the dissemination of Shin Buddhism in America.
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Impact
July, 2024
The Buddhist Churches of America Endowment Foundation plays a crucial role in supporting the propagation of Jodo Shinshu Hongwanji-ha Buddhism in America. By securing a sound financial base, the foundation enables the Buddhist Churches of America to carry out their mission of spreading Shin Buddhism in the United States. Through its efforts, the foundation impacts the preservation and growth of this Buddhist tradition within the American context, ensuring that the teachings and practices continue to be accessible to individuals seeking spiritual guidance and community support.
This information is meant to be a general summary of Buddhist Churches Of America Endowment Foundation. 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.
- Investment Income: $373,272
- Gross Receipts: $4,048,535
Assets and Liabilities:
- Total Assets: $39,474,142
- Total Liabilities: $19,930,684
- Net Assets: $19,543,458
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Organization Details
Founding Year
1929
Phone
(415) 776-5068Principal Officer
Hideaki Mizuno
Main Address
1710 OCTAVIA ST 3RD FLOOR, SAN FRANCISCO, CA, 94109
NTEE Category
Code: X50J - Religion related
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