Georgia Meditation Center Inc

Overview

Mission

Religious purposes

What it reported doing in 2018

Program is designed for the advancement of moral principles; support for humanity, altruism, cultivation of religious behavior; promotion and encouragement of mediation on the teaching of buddha.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

Nonprofit profile at a glance

EIN
113669496
IRS 990 coverage
2010–2018
Forms available
Form 990 2018
Location
Atlanta, GA, USA
Phone
7704521111
Rating
65
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Buddhism
Affiliation
Buddhism

Reported finances

Revenue
$320,641
Expenses
$231,698
Assets
$2,923,465
Liabilities
$822,660

Source: IRS Form 990. Selected filing: tax year 2018. Amounts in USD.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 73
  • Transparency & Controls: 90
  • Accountability: 0
  • Sustainability: 78
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 72.3%; rating input score 72
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 0%; rating input score 0; 6th percentile among comparable filings
  • Governance controls: 0 of 7 controls in place; rating input score 0
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Fail
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 27.7%; rating input score 85; 85th percentile among comparable filings
  • Total-asset coverage ratio: 12.62; rating input score 92; 92nd percentile among comparable filings
  • Liabilities to assets ratio: 0.28; rating input score 20; 20th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 71; 71st percentile among comparable filings

Growth

  • Program expense growth: 1.2% per year; rating input score 100; 43rd percentile among comparable filings
  • Revenue growth: 1.5% per year; rating input score 100; 40th percentile among comparable filings
  • Asset growth: 0.1% per year; rating input score 100; 35th percentile among comparable filings

Details

  • Where the money goes: 72.3% of revenue deployed · 100% of spending went to programs
  • Governance: 0 of 4 board members independent · 0 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $232K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 22 of 22 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 9 annual filings from 2010 to 2018
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Accountability: Independent voting board scored 0/100.
  • High — Accountability: Governance controls: 6 of 6 not reported.
  • High — Sustainability: Liabilities to assets ratio scored 20/100.

Leadership & pay

4 people listed

People named in this filing

  • PHRABHAVANAVIRIYAKHUN (President)
  • PHRAMAHA SOMBOON JONGPATRANICH (CEO)
  • PHRA PRATCHAYA SOTTHIYOTHIN (CFO)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2018.