Khmer Foundation for National Unity and Development Corp

Nonprofit profile at a glance

EIN
371857498
IRS 990 coverage
2020–2022
Forms available
Form 990 2022, Form 990-N 2019
Location
Hampton, MN, USA
Phone
6127722781
Rating
32
Verdict
REVIEW
Rating confidence
Moderate
Sector
Economic Development
Affiliation
Buddhism

Reported finances

Revenue
$56,070
Expenses
$51,774
Assets
$6,405
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

5 people listed

People named in this filing

  • Moeng Sang (Board Chair)
  • YANAT CHHIT (BOAD OF DIRECTOR)
  • EANG T SRUN (BOAD OF DIRECTOR)

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 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The foundation is organized exclusively for charitable religious educational and scientific purposes including the making of distribution to organization that qualify as exempt organization under section 501c3 of the Internal Revenue code. The specific purpose of the foundation shall be to collect and raise the money for charitable purposes. It is a nonprofit organization to provide education capacity building to improve lives to help accelerate economic and social changes through education.

What it reported doing in 2022

In 2019 Khmer Foundation For National Unity and Development had received total income of $108,248.71 and had total expenses of $102,788.75 to build a Library and Training and Technology Center at Prey Melong Buddhist Temple in Prey Khlar commune Kos Andeth District Takeo Province Cambodia. The Library and Training and Technology Center was built and completed in March 2021. n 2022 Khmer Foundation For National Unity and Development had received total income of $58,179.96 and had total expenses of $51,774.93. Khmer Foundation For National Unity and Development had conducted an inauguration ceremony to officially open and allow to be used on November 18 and 19 2022. The Library plays an essential role in local communities and students of nearby school by providing access to information and resources supporting literacy and education promoting lifelong learning and serving as a community gathering space. Khmer Foundation For National Unity and Development had donated five computers to the library and school supplies to poor students to nearby schools.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

REVIEW - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 79
  • Accountability: 30
  • Sustainability: 49
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 87.5%; rating input score 88; 6th 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; 9th percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 7.7%; rating input score 67; 67th percentile among comparable filings
  • Total-asset coverage ratio: 0.12; rating input score 8; 8th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 70; 70th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 61; 61st percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: -73.2% per year; rating input score 0; 6th percentile among comparable filings
  • Asset growth: -5.4% per year; rating input score 0; 20th percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: 0 of 5 board members independent · 5 of 7 filing controls reported
  • Programs: 3 filed program accomplishments · $52K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 39 of 41 current checks pass · 2 findings to review
  • Schedules: 2 filed schedules
  • Filing history: 3 filing years from 2020 to 2022
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • High — Accountability: Independent voting board scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Sustainability: Total-asset coverage ratio scored 8/100.
  • Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.