Overview
What is Tien Tsung Buddhist Association?
The Tien Tsung Buddhist Association, located in Monterey Park, California, is a nonprofit organization primarily funded through contributions and donations from its members. Its primary mission is to promote and teach Buddhism, providing a dedicated space for members to engage in regular Buddhist worship. The association serves as a communal hub for its members, fostering the practice and understanding of Buddhism.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (60%, Two-Star out of Four Star rating)
The Tien Tsung Buddhist Association has received a "Needs Improvement" rating from Charity Navigator, indicating that there are significant areas for enhancement in its accountability and financial practices. While the organization has a perfect score for having a majority independent board members and a strong liabilities to assets ratio, it falls short in various categories related to transparency and governance.
Notably, the association lacks an independent board size, and it has not implemented essential policies such as conflict of interest and whistleblower protections. Furthermore, it has not made necessary documentation accessible, including board meeting minutes and tax forms on its website. These shortcomings suggest a need for improved governance practices to enhance transparency and trust with donors and the community.
Despite these challenges, the organization maintains a healthy program expense ratio, indicating a focus on its mission-related activities. Addressing the highlighted limitations could significantly strengthen its accountability and overall effectiveness, fostering greater confidence among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Tien Tsung Buddhist Association legitimate?
Tien Tsung Buddhist Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tien Tsung Buddhist Association 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
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What is the mission statement of Tien Tsung Buddhist Association?
The Tien Tsung Buddhist Association's mission is centered around three key objectives. Primarily, it aims to educate individuals about Buddhism. Secondly, it seeks to promote and propagate the teachings of Buddhism. Lastly, it serves as a gathering place for its members, offering a venue for regular Buddhist worship. This association relies on contributions and donations from its members for its revenue.
Who is the CEO of Tien Tsung Buddhist Association?
Yu-Lien Yang is the Principal Officer of Tien Tsung Buddhist Association.
What is the revenue of Tien Tsung Buddhist Association?
Tien Tsung Buddhist Association's revenue in 2022 was $38,533.
Who are the executives of Tien Tsung Buddhist Association and what are their salaries?
There 2 volunteers at Tien Tsung Buddhist Association.
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Tien Tsung Buddhist Association?
Tien Tsung Buddhist Association's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Tien Tsung Buddhist Association
The Tien Tsung Buddhist Association is dedicated to three primary objectives: teaching, promoting Buddhism, and providing a communal space for its members to engage in regular Buddhist worship. This nonprofit organization's mission is to spread the teachings of Buddhism and foster a sense of community among its members through regular religious gatherings. The association serves as a hub where individuals can deepen their understanding of Buddhism and connect with like-minded individuals. The Tien Tsung Buddhist Association relies on contributions and donations from its members for its financial support.
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Impact
August, 2024
The Tien Tsung Buddhist Association's impact lies in its dedication to teaching and promoting Buddhism while providing a meeting place for regular Buddhist worship for its members. Through its activities, the association fosters a sense of community among individuals who share a common interest in the teachings of Buddhism. By relying on contributions and donations from its members, the association is able to sustain its mission of spreading the principles of Buddhism in Monterey Park, CA. The association's focus on religious practice and education serves to enrich the spiritual lives of those involved and contributes to the cultural landscape of the community.
This information is meant to be a general summary of Tien Tsung Buddhist Association. 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: $660
- Gross Receipts: $38,533
Assets and Liabilities:
- Total Assets: $614,748
- Total Liabilities: $0
- Net Assets: $614,748
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Organization Details
Founding Year
1990
Phone
(626) 307-5949Principal Officer
Yu-Lien Yang
Main Address
634 SEFTON AVE, MONTEREY PARK, CA, 91755
NTEE Category
Code: X50 - Religion related
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