Dami Buddhism Association

Nonprofit profile at a glance

EIN
460724838
IRS 990 coverage
2014–2020
Forms available
Form 990 2020
Location
New Hyde Park, NY, USA
Phone
3479772202
Rating
64
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Religion Related
Affiliation
Buddhism

Official website

Reported finances

Revenue
$4,447,235
Expenses
$234,967
Assets
$12,549,238
Liabilities
$2,370,589

Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.

Leadership & pay

3 people listed

Highest reported compensation

  • MAO HONGLI (OFFICER): $21,600 total reported compensation
  • YUN CONGYI (OFFICER): $12,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To establish and maintain a place of worship to propagate buddha's teachingto organize and provide seminarts and workshops in public domains on topics like health and fitness, the arte of stress management, taking care of our inner and outer environmentto visit hospitals, hospices, schools of special education, senior centers, nursing homes and rehab centers to help the needy and relieve the distressed

What it reported doing in 2020

Buddhism association service

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.

The verdict

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

Rating breakdown

  • Financial Efficiency: 36
  • Transparency & Controls: 90
  • Accountability: 69
  • Sustainability: 84
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 5.3%; rating input score 5
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd 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: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 2 of 8 controls in place; rating input score 25
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Fail
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 94.7%; rating input score 99; 99th percentile among comparable filings
  • Total-asset coverage ratio: 53.41; rating input score 99; 99th percentile among comparable filings
  • Liabilities to assets ratio: 0.19; rating input score 48; 48th percentile among comparable filings
  • Officer compensation ratio: 14.3%; rating input score 19; 19th percentile among comparable filings

Growth

  • Program expense growth: 15.8% per year; rating input score 100; 83rd percentile among comparable filings
  • Revenue growth: 39.7% per year; rating input score 100; 96th percentile among comparable filings
  • Asset growth: 30.3% per year; rating input score 100; 92nd percentile among comparable filings

Details

  • Where the money goes: 5.3% of revenue deployed · 100% of spending went to programs
  • Governance: 3 of 3 board members independent · 2 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $235K in reported program spending
  • Leadership: top reported pay $22K · 3 people listed
  • Consistency: 20 of 20 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 7 filing years from 2014 to 2020
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • 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 — Financial Efficiency: Mission deployment rate scored 5/100.
  • High — Accountability: Governance controls: 5 of 7 not reported.
  • High — Sustainability: Officer compensation ratio scored 19/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 48/100.