The Bhutan Foundation
- Assets
- $6.1m
- Revenue
- $6.7m
- Investments
- $0.0
- Employees
- 5
- Location
- Washington, DC
- Founding
- 01/1992
- Data as of
- 06/2022
- EIN
- 13-3376290
Organization Overview
The Bhutan Foundation is located in Washington, DC. The organization was established in 1992. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2022, Bhutan Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bhutan Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Bhutan Foundation generated $6.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.7% each year . All expenses for the organization totaled $4.6m during the year ending 06/2022. While expenses have increased by 8.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE BHUTAN FOUNDATION S MISSION IS TO HELP IMPROVE THE QUALITY OF LIFE OF THE BHUTANESE PEOPLE BY ENABLING ITS CITIZENS TO PURSUE ACTIVITIES THAT BENEFIT BHUTANESE SOCIETY AND TO INCREASE AWARENESS OF BHUTAN AND ITS CULTURE IN THE UNITED STATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUSTAINABLE DEVELOPMENT - THE FOUNDATION SUPPORTS PROGRAMS IN BHUTAN THAT PROMOTE EQUITABLE AND SUSTAINABLE SOCIO-ECONOMIC DEVELOPMENT. THIS INCLUDES PROGRAMS IN HEALTHCARE, EDUCATION, FOOD SECURITY, AND INCOME GENERATION.
ENVIRONMENT - THE BHUTAN FOUNDATION SUPPORTS PROGRAMS IN BHUTAN THAT PROMOTE THE CONSERVATION OF THE ENVIRONMENT. CONSERVATION PROGRAMS ARE FOCUSED ON SPECIES CONSERVATION, SUCH AS THE TIGER CONSERVATION PROGRAM AND SNOW LEOPARD CONSERVATION PROGRAM.
THE BHUTAN FOUNDATION SUPPORTS PROGRAMS IN BHUTAN THAT PROMOTE GOOD GOVERNANCE, PARTICULARLY TO SUPPORT THE CAPACITY BUILDING OF LOCAL NONPROFIT ORGANIZATIONS AND TO SUPPORT DEMOCRACY IN BHUTAN.
THE BHUTAN FOUNDATION SUPPORTS PROGRAMS IN BHUTAN THAT PROMOTE THE PRESERVATION AND PROMOTION OF BHUTANS CULTURE. OUR MOST SIGNIFICANT CULTURAL PROJECT IS THE RESTORATION AND ADAPTIVE REUSE OF THE WANGDUECHOLING PALACE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tshewang Wangchuk Executive Director | OfficerTrustee | 40 | $134,508 |
Hm Gyalyum Tseyring Pem Wangchuck Co-Chairperson | OfficerTrustee | 1 | $0 |
Daphne Hoch Cunningham Co-Chairperson | OfficerTrustee | 1 | $0 |
Lucy Goelet Secretary | OfficerTrustee | $0 | |
Brian Menkes Treasurer | OfficerTrustee | 1 | $0 |
William Tacon Vice Chairperson | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $720,393 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,996,848 |
| Noncash contributions included in lines 1a–1f | $53,075 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,717,241 |
| Total Program Service Revenue | $0 |
| Investment income | $2,796 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,721,082 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $156,776 |
| Grants and other assistance to Foreign Orgs/Individuals | $3,376,698 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $142,048 |
| Compensation of current officers, directors, key employees. | $14,205 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $382,521 |
| Pension plan accruals and contributions | $20,087 |
| Other employee benefits | $130,353 |
| Payroll taxes | $36,638 |
| Fees for services: Management | $1,414 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $44,537 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $280 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $60,148 |
| Advertising and promotion | $0 |
| Office expenses | $65,511 |
| Information technology | $11,228 |
| Royalties | $0 |
| Occupancy | $12,276 |
| Travel | $31,389 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $27,906 |
| Interest | $252 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,655 |
| Insurance | $4,254 |
| All other expenses | $53,075 |
| Total functional expenses | $4,569,046 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $969,240 |
| Savings and temporary cash investments | $4,721,503 |
| Pledges and grants receivable | $178,076 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $196,945 |
| Net Land, buildings, and equipment | $54,155 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,119,919 |
| Accounts payable and accrued expenses | $78,823 |
| Grants payable | $0 |
| Deferred revenue | $248,214 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $327,037 |
| Net assets without donor restrictions | $2,932,369 |
| Net assets with donor restrictions | $2,860,513 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,119,919 |
Grants Awarded
Over the last fiscal year, The Bhutan Foundation has awarded $400,341 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF MONTANA PURPOSE: Montana Conservation Genetics Lab: Tiger genetic program in Bhutan | $5,341 |
WORLD WILDLIFE FUND INC PURPOSE: WWF Bhutan For Life Program | $395,000 |