Buddhist Meditation Society of Norwalk
Overview
Mission
To spread and propagate the teachings of buddhism. To increase community awareness of the training practices of buddhism in virtue, good conduct and morality. To teach concentration, meditation & mental development. To conduct lessons in discernment, insight, wisdom and enlightenment.
What it reported doing in 2017
Conduct weekly buddhist prayer services to spread and propogate the teachings of buddhism.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- 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
- 262791124
- IRS 990-EZ coverage
- 2016–2017
- Forms available
- Form 990-EZ 2017
- Location
- Lakewood, CA, USA
- Phone
- 5629267247
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Buddhism
- Affiliation
- Buddhism
Reported finances
- Revenue
- $53,122
- Expenses
- $66,414
- Assets
- $402,237
- Liabilities
- $346,441
Source: IRS Form 990-EZ. Selected filing: tax year 2017. Amounts in USD.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 100
- Transparency & Controls: 82
- Sustainability: 41
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -25%; rating input score 18; 18th percentile among comparable filings
- Total-asset coverage ratio: 6.06; rating input score 87; 87th percentile among comparable filings
- Liabilities to assets ratio: 0.86; rating input score 7; 7th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -0.8% per year; rating input score 0; 47th percentile among comparable filings
- Revenue growth: -35.9% per year; rating input score 0; 9th percentile among comparable filings
- Asset growth: -7.8% per year; rating input score 0; 23rd percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $66K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Filing history: 2 annual filings from 2016 to 2017
- 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 — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 18/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 7/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.
Leadership & pay
3 people listed
People named in this filing
- SAWAI CHOMKRAI (President)
- SUWAT PONGKAM (Secretary)
- WAIPON MALARUN (Treasurer)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2017.