Charity
BW Monastery
About
What does BW Monastery do?
BW Monastery is a Buddhist organization dedicated to promoting spiritual enlightenment and kindness through education, classes, and charity events.
Founded
2003
People
lim jue meng, lim peng ching, quek swee ken, tay siew yee, chong kim chuan, hoe swee long, ong woo teng, hsu chong tien, boon chuan bok, ong kim chuan
Causes
No PovertyHealth & WellnessEducationHighlights
- Donations are tax-deductible
- Registered Charity
- Established since 2003
- Published yearly Annual Reports
- Audited Financial Statements
Society Impact
- Promoting spiritual enlightenment and materialistic comforts as a periphery to it, based on Master Venerable Ri Chang's compassion for all beings.
- Teaching "The Great Treatise on the Stages of the Path to Enlightenment" (Lamrim), which is a comprehensive guide on Buddhist paths and practices required to attain Buddhahood.
- Offering 145 classes weekly for understanding Lamrim, imparting Dharma teachings, and advocating their application in daily life.
- Encouraging kindness propagation and providing opportunities for members to volunteer through various activities organized by the monastery.
- Spreading kindness and virtue among people, warming hearts, and making the world a better place.
- Expanding its premises from Geylang
Donation Income
Program Expense Ratio
This is the percentage of the charity's total expenses that are spent on its core programs. A higher percentage suggests that more money is going directly to the cause, rather than being spent on administrative or fundraising expenses.
Financials
Donation Income
What are the donations used for?
- Promoting spiritual enlightenment and materialistic comforts as a periphery to it, based on Master Venerable Ri Chang's compassion for all beings.
- Teaching "The Great Treatise on the Stages of the Path to Enlightenment" (Lamrim), which is a comprehensive guide on Buddhist paths and practices required to attain Buddhahood.
- Offering 145 classes weekly for understanding Lamrim, imparting Dharma teachings, and advocating their application in daily life.
- Encouraging kindness propagation and providing opportunities for members to volunteer through various activities organized by the monastery.
- Spreading kindness and virtue among people, warming hearts, and making the world a better place.
- Expanding its premises from Geylang
Program Expense Ratio
This is the percentage of the charity's total expenses that are spent on its core programs. A higher percentage suggests that more money is going directly to the cause, rather than being spent on administrative or fundraising expenses.
Financial Information
Source: Charity PortalCharities and IPCs are required to prepare the financial statements in accordance to the Charities (Accounts and Annual Report) Regulations and the Charities (Institutions of A Public Character) Regulations, where applicable. The financial statement is available online for latest 3 financial years.
| Receipts | Jan 2022 - Dec 2022(S$) | Jan 2021 - Dec 2021(S$) | Jan 2020 - Dec 2020(S$) |
|---|---|---|---|
| Donations in Cash | |||
| Tax-Deductible | 4,530,564 | 3,871,009 | NaN |
| Non Tax-Deductible | 0 | 0 | 3,495,952 |
| Total Donations in Cash | 4,530,564 | 3,871,009 | NaN |
| Donations in Kind | |||
| Tax-Deductible | 0 | 0 | NaN |
| Non Tax-Deductible | 0 | 0 | 0 |
| Total Donations in Kind | 0 | 0 | NaN |
| Government Grants | 180,847 | 167,990 | 464,168 |
| Investment Income | 0 | 0 | 0 |
| Programme Fees | 9,617 | 10,565 | 4,383 |
| Others Income | 246,116 | 99,022 | 191,385 |
| Total Receipts | 4,967,144 | 4,148,586 | 4,155,888 |
| Capital in Nature | 0 | 0 | 0 |
| Expenses | Jan 2022 - Dec 2022(S$) | Jan 2021 - Dec 2021(S$) | Jan 2020 - Dec 2020(S$) |
|---|---|---|---|
| Fundraising Expenses | |||
| Fundraising Expenses | 0 | 0 | 0 |
| Charitable Activities/Programme Expenses | |||
| Local (Direct & Support) | 1,917,679 | 1,610,450 | 1,634,342 |
| Overseas (Direct & Support) | 45,295 | 0 | 0 |
| Charitable Activities/Programme Expenses | 1,962,974 | 1,610,450 | 1,634,342 |
| Expenses | |||
| Other Expenses | 1,846,450 | 1,645,292 | 2,043,683 |
| Total Expenditure | 3,809,424 | 3,255,742 | 3,678,025 |
| Balance Sheet | Jan 2022 - Dec 2022(S$) | Jan 2021 - Dec 2021(S$) | Jan 2020 - Dec 2020(S$) |
|---|---|---|---|
| Assets | |||
| Land and Buildings | 20,115,026 | 20,919,722 | 21,714,327 |
| Other Tangible Assets | 529,582 | 360,558 | 301,628 |
| Investments | 0 | 0 | 0 |
| Inventories | 0 | 0 | 0 |
| Account Receivables | 0 | 0 | 0 |
| Cash & Deposits | 10,293,241 | 8,309,320 | 6,509,118 |
| Other Assets | 156,199 | 139,828 | 242,274 |
| Total Assets | 31,094,048 | 29,729,428 | 28,767,347 |
| Funds | |||
| Total Unrestricted Funds | 11,414,512 | 9,452,161 | 7,745,145 |
| Total Restricted Funds | 916,756 | 949,661 | 1,005,465 |
| Endowments Funds | 0 | 0 | 0 |
| Total Funds and Reserves | 12,331,268 | 10,401,822 | 8,750,610 |
| Liabilities | |||
| Total Current Liabilities | 234,774 | 185,661 | 123,076 |
| Total Non-Current Liabilities | 18,528,006 | 19,141,945 | 19,893,661 |
| Total Liabilities | 18,762,780 | 19,327,606 | 20,016,737 |
| Total Funds and Liabilities | 31,094,048 | 29,729,428 | 28,767,347 |
| Other Information | Jan 2022 - Dec 2022(S$) | Jan 2021 - Dec 2021(S$) | Jan 2020 - Dec 2020(S$) |
|---|---|---|---|
| Donations, Grants and Sponsorships given to other registred charities | 0 | 0 | 0 |
| No. of Employees | 63 | 58 | 65 |
| Total Employee Cost | 1,685,259 | 1,464,290 | 1,498,875 |
| Fudnraisig Efficiency Ratio | 0 | 0 | 0 |
| Total Related Party Transactions | 0 | 0 | 0 |
People
At BW Monastery, individuals engage in various activities aimed at fostering spiritual growth, promoting kindness, and supporting local communities through educational programs, classes, and charitable initiatives.
lim jue meng
lim peng ching
quek swee ken
tay siew yee
chong kim chuan
hoe swee long
ong woo teng
hsu chong tien
boon chuan bok
ong kim chuan
News
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