Charity
Mahaprajna Buddhist Society, The
About
What does Mahaprajna Buddhist Society, The do?
Mahaprajna Buddhist Society is a non-profit organization dedicated to promoting moral education through the propagation of true Buddhism. They aim to inculcate right faith and understanding, organize dharma classes, seminars, lectures, and discussions, as well as support charity homes. The society also seeks to enhance the standard of Buddhism by providing for the welfare and education of approved monks/nuns. By participating in their activities or supporting their cause, you can contribute to a noble mission that spreads love, compassion, and wisdom across communities.
Founded
1988
People
chng chye boon, chew beng soon, chua keng siang, cheu siew ming, yen jia lin jocelyn, loh hak keong, goh peck geok, tan khar nee, tan yeok ling, sim boon aik
Causes
No PovertyHealth & WellnessEducationHighlights
- Donations are tax-deductible
- Registered Charity
- Established since 1988
- Published yearly Annual Reports
- Audited Financial Statements
Society Impact
- Promotion of moral education through propagation of true spirit of Buddhism, leading to increased spiritual awareness and understanding among individuals.
- Enhancement of the standard of Buddhism by providing welfare and financing the education of monks/nuns approved by the society.
- Organization of dharma classes, seminars, lectures, discussions, and cultural activities to encourage intellectual discourse on Buddhist teachings.
- Rendering assistance to charity homes, contributing to social welfare and community service initiatives.
- Encouragement of right faith and understanding of the Dharma among individuals, leading to personal growth and development.
- Preservation and promotion of Buddhist culture through activities such as library services and publications.
- Fostering a sense of community and belonging among members
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?
- Promotion of moral education through propagation of true spirit of Buddhism, leading to increased spiritual awareness and understanding among individuals.
- Enhancement of the standard of Buddhism by providing welfare and financing the education of monks/nuns approved by the society.
- Organization of dharma classes, seminars, lectures, discussions, and cultural activities to encourage intellectual discourse on Buddhist teachings.
- Rendering assistance to charity homes, contributing to social welfare and community service initiatives.
- Encouragement of right faith and understanding of the Dharma among individuals, leading to personal growth and development.
- Preservation and promotion of Buddhist culture through activities such as library services and publications.
- Fostering a sense of community and belonging among members
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$) |
|---|---|---|---|
| Donations in Cash | |||
| Tax-Deductible | 0 | 0 | 0 |
| Non Tax-Deductible | 845,495 | 718,809 | 711,407 |
| Total Donations in Cash | 845,495 | 718,809 | 711,407 |
| Donations in Kind | |||
| Tax-Deductible | 0 | 0 | 0 |
| Non Tax-Deductible | 0 | 0 | 0 |
| Total Donations in Kind | 0 | 0 | 0 |
| Government Grants | 1,431 | 6,329 | 37,171 |
| Investment Income | 35,410 | 21,490 | 104,566 |
| Programme Fees | 13,094 | 4,860 | 6,580 |
| Others Income | 65,400 | 62,000 | 0 |
| Total Receipts | 960,830 | 813,488 | 859,724 |
| Capital in Nature | 29,605 | 8,358 | 10,012 |
| Expenses | Jan 2022 - Dec 2022(S$) | Jan 2021 - Dec 2021(S$) | Jan 2020 - Dec 2020(S$) |
|---|---|---|---|
| Fundraising Expenses | |||
| Fundraising Expenses | 0 | 0 | 0 |
| Charitable Activities/Programme Expenses | |||
| Local (Direct & Support) | 520,631 | 5,495 | 7,447 |
| Overseas (Direct & Support) | 0 | 0 | 0 |
| Charitable Activities/Programme Expenses | 520,631 | 5,495 | 7,447 |
| Expenses | |||
| Other Expenses | 20,353 | 503,557 | 490,746 |
| Total Expenditure | 540,984 | 509,052 | 498,193 |
| Balance Sheet | Jan 2022 - Dec 2022(S$) | Jan 2021 - Dec 2021(S$) | Jan 2020 - Dec 2020(S$) |
|---|---|---|---|
| Assets | |||
| Land and Buildings | 11,011,620 | 11,284,081 | 11,556,542 |
| Other Tangible Assets | 13,276 | 26,384 | 36,980 |
| Investments | 0 | 0 | 0 |
| Inventories | 38,433 | 41,044 | 44,231 |
| Account Receivables | 52,873 | 30,009 | 55,894 |
| Cash & Deposits | 6,874,051 | 6,201,415 | 5,572,505 |
| Other Assets | 0 | 0 | 0 |
| Total Assets | 17,990,253 | 17,582,933 | 17,266,152 |
| Funds | |||
| Total Unrestricted Funds | 4,842,207 | 4,100,468 | 3,458,856 |
| Total Restricted Funds | 13,128,205 | 13,450,098 | 13,787,274 |
| Endowments Funds | 0 | 0 | 0 |
| Total Funds and Reserves | 17,970,412 | 17,550,566 | 17,246,130 |
| Liabilities | |||
| Total Current Liabilities | 19,841 | 32,367 | 20,022 |
| Total Non-Current Liabilities | 0 | 0 | 0 |
| Total Liabilities | 19,841 | 32,367 | 20,022 |
| Total Funds and Liabilities | 17,990,253 | 17,582,933 | 17,266,152 |
| Other Information | Jan 2022 - Dec 2022(S$) | Jan 2021 - Dec 2021(S$) | Jan 2020 - Dec 2020(S$) |
|---|---|---|---|
| Donations, Grants and Sponsorships given to other registred charities | 0 | 0 | 1,000 |
| No. of Employees | 3 | 3 | 3 |
| Total Employee Cost | 93,740 | 77,757 | 84,884 |
| Fudnraisig Efficiency Ratio | 0 | 0 | 0 |
| Total Related Party Transactions | 0 | 0 | 0 |
People
The Mahaprajna Buddhist Society is dedicated to promoting moral education through the propagation of true Buddhism. They organize various activities such as dharma classes, seminars, lectures, and discussions to inculcate right faith and understanding. Additionally, they support charity homes and aim to enhance the standard of Buddhism by providing for the welfare and education of approved monks/nuns.
chng chye boon
chew beng soon
chua keng siang
cheu siew ming
yen jia lin jocelyn
loh hak keong
goh peck geok
tan khar nee
tan yeok ling
sim boon aik
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