Wat Lao Xayabhoummaram
Overview
Mission
To build a facility to take care of the Monks by purchasing food, giving them shelter, and clothing, so in turn, the Monks can teach the traditional Buddhist beliefs which are designed to inspire inner and outer peace to achieve nirvana.
What it reported doing in 2024
Wat Lao Xayabhoummaram has created an a facility for the members to learn about Dharma for self improvement purposes. Wat Lao Xayabhoummaram puts on one event every month where members come to pray and meditate for their loved ones and to learn how to grow and better themselves. Wat Lao Xaybhoummarm puts on one large event every year which help their members bonds in their community, help others, which helps the Temple grow.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The nonprofit carried out 100% of its reported program work directly.
Nonprofit profile at a glance
- EIN
- 472753522
- IRS 990 coverage
- 2019–2024
- Website checked
- Jun 2026
- Forms available
- Form 990 2024, Form 990-EZ 2017, Form 990-N 2015
- Headquarters
- Cedar, MN, USA
- Rating
- 64
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Buddhism
- Affiliation
- Buddhism
The verdict
SUPPORTED - A large share of total spending goes to programs and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and the filing reports that some governance safeguards are missing.
Rating breakdown
- Financial Efficiency: 61
- Transparency & Controls: 64
- Accountability: 57
- Sustainability: 85
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 38%; rating input score 38
- 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
- Public monitoring controls: 0 of 8 controls in place; rating input score 0
- Public policy transparency: 0 of 7 controls in place; rating input score 0
- Public financial transparency: 0 of 5 controls in place; rating input score 0
- Impact reporting controls: 0 of 7 controls in place; rating input score 0
- Public relationship transparency: No; rating input score 0
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 1 of 7 controls in place; rating input score 14
- Public governance controls: 0 of 4 controls in place; rating input score 0
- Zakat policy transparency: Limited
Sustainability
- Operating margin: 62%; rating input score 95; 95th percentile among comparable filings
- Operating reserve ratio: 18.03; rating input score 96; 96th percentile among comparable filings
- Liabilities to assets ratio: 0.43; rating input score 18; 18th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: 8% per year; rating input score 100; 55th percentile among comparable filings
- Revenue growth: 16% per year; rating input score 100; 80th percentile among comparable filings
- Asset growth: 25.5% per year; rating input score 100; 87th percentile among comparable filings
Details
- Where the money goes: 38% of revenue deployed · 100% of spending went to programs
- Governance: 3 of 3 board members independent · 1 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $202K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 18 of 18 current checks pass
- Schedules: 4 filed schedules
- Filing history: 5 annual filings from 2019 to 2024
- 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.