Charity

Singapore Buddhist Federation, The

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About

Singapore Buddhist Federation, The banner

What does Singapore Buddhist Federation, The do?

The Singapore Buddhist Federation is a charitable organization dedicated to promoting Buddhism, education, culture, and social welfare in Singapore. They unify all Buddhist institutions and individuals, observing precepts, practicing Dharma, and propagating the teachings of Buddha. Their services include adult and children's Dharma courses, child care centers, student care centers, dharma assemblies, charity governance training, and consultancy.

Founded

1990

People

kweh soon han, tan yew beng, wong soot mooi@sek bao tong, shi you wei @ lee siew hoong, n sumana thero, sek ching sum @ wong ah nooi, chan poh swai @ chan poh swee, lee kwang chye joseph, bhikkhu sik kwang sheng@tang chee hoong, tan choon kim

Causes

No Poverty Health & Wellness Education

Highlights

Donations are tax-deductible
Registered Charity
Established since 1990
Published yearly Annual Reports
Audited Financial Statements

Society Impact

Promotes unity among Buddhists in Singapore, fostering a sense of community and belonging.
Encourages the practice of Buddhism and its precepts, which can lead to personal growth and spiritual development.
Supports education through the operation of two schools (Maha School & Manjusri Secondary School) and various Dharma courses for adults and children.
Provides care services for children through a Child Care Centre and Student Care Centre, ensuring their well-being outside of school hours.
Organizes assemblies to promote the study and discussion of Buddhist teachings (Dharma) and precepts, encouraging spiritual growth and understanding among participants.
Offers charity governance training and consultancy services, helping other organizations develop effective strategies for managing their resources and achieving their

Donation Income

S$2,195,239In 2022

Program Expense Ratio

99.75%In 2022

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

S$2,195,239In 2022

What are the donations used for?

Promotes unity among Buddhists in Singapore, fostering a sense of community and belonging.
Encourages the practice of Buddhism and its precepts, which can lead to personal growth and spiritual development.
Supports education through the operation of two schools (Maha School & Manjusri Secondary School) and various Dharma courses for adults and children.
Provides care services for children through a Child Care Centre and Student Care Centre, ensuring their well-being outside of school hours.
Organizes assemblies to promote the study and discussion of Buddhist teachings (Dharma) and precepts, encouraging spiritual growth and understanding among participants.
Offers charity governance training and consultancy services, helping other organizations develop effective strategies for managing their resources and achieving their

Program Expense Ratio

99.75%In 2022

Financial Information

Source: Charity Portal

Charities 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	671,576	420,777	235,747
Total Donations in Cash	671,576	420,777	235,747
Donations in Kind
Tax-Deductible	0	0	0
Non Tax-Deductible	0	0	0
Total Donations in Kind	0	0	0
Government Grants	53,596	163,949	320,937
Investment Income	33,917	20,466	42,358
Programme Fees	1,308,074	1,272,942	1,154,876
Others Income	128,076	122,610	125,206
Total Receipts	2,195,239	2,000,744	1,879,124
Capital in Nature	0	0	10,000

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)	1,977,522	1,834,695	1,506,471
Overseas (Direct & Support)	0	0	0
Charitable Activities/Programme Expenses	1,977,522	1,834,695	1,506,471
Expenses
Other Expenses	4,944	4,806	375,244
Total Expenditure	1,982,466	1,839,501	1,881,715

Balance Sheet	Jan 2022 - Dec 2022(S$)	Jan 2021 - Dec 2021(S$)	Jan 2020 - Dec 2020(S$)
Assets
Land and Buildings	6,157,373	6,250,682	6,343,991
Other Tangible Assets	217,948	282,843	257,829
Investments	0	0	3,054,756
Inventories	7,372	5,799	7,483
Account Receivables	86,301	43,253	35,297
Cash & Deposits	4,402,806	4,173,417	857,460
Other Assets	0	0	0
Total Assets	10,871,800	10,755,994	10,556,816
Funds
Total Unrestricted Funds	5,273,958	4,199,011	4,037,768
Total Restricted Funds	5,159,421	6,021,858	6,026,058
Endowments Funds	0	0	0
Total Funds and Reserves	10,433,379	10,220,869	10,063,826
Liabilities
Total Current Liabilities	388,726	470,614	463,508
Total Non-Current Liabilities	49,695	64,511	29,482
Total Liabilities	438,421	535,125	492,990
Total Funds and Liabilities	10,871,800	10,755,994	10,556,816

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	55	52	61
Total Employee Cost	1,364,405	1,309,541	1,358,995
Fudnraisig Efficiency Ratio	0	0	0
Total Related Party Transactions	110,508	67,138	6,843