Sakyongs Foundation
- Assets
- $608.9k
- Revenue
- $58.1k
- Investments
- $0.0
- Employees
- 1
- Location
- Boulder, CO
- Founding
- 07/2007
- Data as of
- 12/2019
- EIN
- 20-4832237
Organization Overview
Sakyongs Foundation is located in Boulder, CO. The organization was established in 2007. According to its NTEE Classification (X50) the organization is classified as: Buddhism, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sakyongs 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 12/2019, Sakyongs Foundation generated $58.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (25.7%) each year. All expenses for the organization totaled $98.1k during the year ending 12/2019. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SUPPORT TO ORGANIZATIONS WHOSE ACTIVITIES EXEMPLIFY THE VISION OF SHAMBHALA
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE DORJE KASUNG OPERATIONAL FUND AND ENDOWMENT IS AN OPERATIONAL GRANT TO ASSIST IN THE SUPPORT OF THE LARGEST VOLUNTEER SERVICE ORGANIZATION WITH SHAMBHALA THAT PROVIDES PROTECTION FOR THE PHYSICAL SPACES, THE TEACHERS AND TEACHINGS AND PROMOTES HEALTH AND WELL BEING COMMUNITY CARE SERVICES.
BOULDER SHAMBHALA CENTER ENDOWMENT SUPPORTS THE BOULDER BRANCH OF A GLOBAL NETWORK OF MEDITATION AND CONTEMPLATIVE ARTS CENTERS. THERE ARE MORE THAN 170 CENTERS AND GROUPS AROUND THE WORLD, AS WELL AS THOUSANDS OF INDIVIDUAL MEMBERS. SHAMBHALA MEDITATION CENTERS OFFER COURSES IN MEDITATION AND OTHER CONTEMPLATIVE ARTS AND DISCIPLINES AND ALSO HOST COMMUNITY GATHERINGS, CELEBRATIONS AND FAMILY EVENTS. IN COMMUNITY LIFE, SHAMBHALA ENDEAVORS TO PUT INTO PRACTICE THE PRINCIPLES OF COURAGE AND COMPASSION. THIS HELPS INDIVIDUALS TO EXPERIENCE DAILY LIFE AS A CONSTANT OPPORTUNITY FOR SPIRITUAL PRACTICE AND SOCIAL SERVICE.
THE CASA WERMA PROJECT PROVIDES SUPPORT FOR SECURING THE TITLE TO THE PROPERTY OF THIS EDUCATIONAL CENTER IN PATZCUARO, MEXICO THAT OFFERS PROGRAMMING IN MEDITATIVE AND CONTEMPLATIVE PRACTICES AND SEMINARS IN ENLIGHTENED LEADERSHIP AND ENGAGEMENT.
THE SAKYONG FOUNDATION DEVELOPS ENDOWMENTS AND HELPS FUND PROJECTS THATPROVIDE LONG-TERM SUPPORT FOR THE SHAMBHALA VISION OF ENLIGHTENEDSOCIETY. OTHER PROJECTS INCLUDE THE SAKYONG FUND, THE SAKYONG WANGMOFUND, DONOR-ADVISED FUNDS AND ENDOWMENT FUNDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sakyong Mipham Rinpoche Director First Class | OfficerTrustee | 5 | $0 |
Alexander Halpern Secretary | OfficerTrustee | 5 | $0 |
Jeff Waltcher Executive Director | OfficerTrustee | 10 | $0 |
Jesse Grimes Director | Trustee | 5 | $0 |
Connie Brock Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $30,922 |
| Noncash contributions included in lines 1a–1f | $10,843 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,922 |
| Total Program Service Revenue | $100 |
| Investment income | $6,975 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $20,060 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $58,057 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $43,016 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $22,710 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,369 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $104 |
| Fees for services: Accounting | $7,960 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $37 |
| Fees for services: Other | $938 |
| Advertising and promotion | $0 |
| Office expenses | $3,005 |
| Information technology | $43 |
| Royalties | $0 |
| Occupancy | $5,525 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $312 |
| All other expenses | $1,549 |
| Total functional expenses | $98,135 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,614 |
| Savings and temporary cash investments | $198,476 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $406,294 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,500 |
| Total assets | $608,884 |
| Accounts payable and accrued expenses | $176 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $164,630 |
| Total liabilities | $164,806 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $444,078 |
| Total liabilities and net assets/fund balances | $608,884 |
Grants Awarded
Over the last fiscal year, Sakyongs Foundation has awarded $479,808 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Boulder, CO PURPOSE: TO SUPPORT THE ORGANIZATION THAT IS COMMITTED TO THE PROTECTION AND SUPPORT OF THE SAKYONG LINEAGE. | $414,900 |
Barnet, VT PURPOSE: TO PROVIDE SUPPORT TO DORJE KASUNG INTERNATIONAL, A SUBSIDIARY OF SHAMBHALA INTERNATIONAL. IT IS THE LARGEST VOLUNTEER SERVICE ORGANIZATION WITH SHAMBHALA THAT PROVIDES PROTECTION FOR THE PHYSICAL SPACES, THE TEACHERS AND TEACHINGS AND PROMOTES HEALTH AND WELL BEING COMMUNITY CARE SERVICES. | $44,878 |
Red Feather Lakes, CO PURPOSE: TO SUPPORT THIS CONTEMPLATIVE CENTER FOR THE EXPLORATION OF INDIVIDUAL AND SOCIAL WISDOM | $20,030 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Sakyongs Foundation has recieved totaling $20,005.
| Awarding Organization | Amount |
|---|---|
Timely Rain Boulder, CO PURPOSE: RELIGIOUS PURPOSES | $20,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Endowment Analysis
| Beg. Balance | $345,676 |
| Earnings | $61,315 |
| Net Contributions | $660 |
| Grants | $20,355 |
| Ending Balance | $387,296 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Shambhala Mountain Center Red Feather Lakes, CO | $11,185,691 | $3,073,943 |
Pema Chodron Foundation Steamboat Springs, CO | $8,183,827 | $1,930,179 |
Dharma Ocean Foundation Boulder, CO | $4,440,017 | $463,383 |
Big Mind Inc Salt Lake City, UT | $129,616 | $0 |
Jemez Bodhi Mandala Jemez Springs, NM | $1,035,637 | $224,225 |
Durango Sangha Durango, CO | $1,340,803 | $215,566 |
Better Burma Woodland Park, CO | $28,078 | $204,491 |
Midwest Dharma Wheel Contemplative & Healing Arts Inc Lincoln, NE | $539,170 | $210,516 |
Center For Contemplative Research Crestone, CO | $1,992,034 | $672,648 |
Zen Center Of Denver Denver, CO | $3,073,659 | $104,639 |
Diamond Cutter Classics Sedona, AZ | $168,163 | $303,115 |
Azrd Llc Phoenix, AZ | $49,569 | $0 |