Thien Lam Monastery

Nonprofit profile at a glance

EIN
274261428
IRS 990 coverage
2022–2022
Forms available
Form 990 2022, Form 990-EZ 2011
Location
Denver, CO, USA
Phone
7735875058
Rating
49
Verdict
MIXED
Rating confidence
Moderate
Sector
Buddhism
Affiliation
Christianity

Reported finances

Revenue
$120,130
Expenses
$82,236
Assets
$1,037,894
Liabilities
$0

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

Leadership & pay

1 person listed

Executive titles in this filing

  • THANH NGUYEN (PRESIDENT)

People named in this filing

  • THANH NGUYEN (PRESIDENT)

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

Thien nbsp; lam nbsp; monastery nbsp; promotes nbsp; and nbsp; teaches nbsp; buddhism nbsp; to nbsp; prayers nbsp; services nbsp; are nbsp; offered nbsp; to nbsp; approximately nbsp;100+ nbsp; followers nbsp; special nbsp; traditional nbsp; events nbsp; are nbsp; also nbsp; held nbsp; throughout nbsp; the nbsp; year nbsp; to nbsp; the nbsp; communities nbsp; and nbsp; further nbsp; teaches nbsp; compassion nbsp; and nbsp; harmony nbsp; of nbsp; buddha nbsp; i

What it reported doing in 2022

Donated to the elderly poor through a buddhist temple in vietnam.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 63% for direct work, and 37% for grants.

The verdict

MIXED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of voting board members are independent.

Rating breakdown

  • Financial Efficiency: 28
  • Transparency & Controls: 89
  • Accountability: 18
  • Sustainability: 84
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 26.9%; rating input score 27
  • Program expense ratio: 39.3%; rating input score 39
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 88.9%; rating input score 89; 5th 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; 7th percentile among comparable filings
  • Governance controls: 3 of 7 controls in place; rating input score 43
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • 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: 31.5%; rating input score 84; 84th percentile among comparable filings
  • Total-asset coverage ratio: 12.62; rating input score 92; 92nd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 82; 82nd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 70; 70th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 13.5% per year; rating input score 100; 80th percentile among comparable filings
  • Asset growth: 18.2% per year; rating input score 100; 81st percentile among comparable filings

Details

  • Where the money goes: 26.9% of revenue deployed · 39.3% of spending went to programs
  • Governance: 0 of 1 board members independent · 3 of 7 filing controls reported
  • Programs: 2 filed program accomplishments · $32K in reported program spending
  • Leadership: top reported pay $0 · 1 people listed
  • Consistency: 14 of 16 current checks pass · 2 findings to review
  • Schedules: 3 filed schedules
  • 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 — Financial Efficiency: Mission deployment rate scored 27/100.
  • High — Accountability: Independent voting board scored 0/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 39/100.
  • Moderate — Accountability: Governance controls: 3 of 6 not reported.
  • Moderate — Transparency & Controls: Fund balance restriction sum did not reconcile in the filed values.
  • Review — Transparency & Controls: Foreign grants require schedule f did not reconcile in the filed values.