Tibetan Charities Inc is located in Kingston, NY. The organization was established in 2010. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Tibetan Charities Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tibetan Charities Inc 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 12/2021, Tibetan Charities Inc generated $111.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (17.2%) each year. All expenses for the organization totaled $266.7k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
A CHARITABLE ENDEAVOR DEDICATED TO RAISING AWARENESS ABOUT TIBETAN CULTURE AND THE CURRENT PLIGHT OF THE TIBETAN PEOPLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RAISING AWARENESS ABOUT TIBETAN CULTURE THROUGH TIBETAN BUDDHISM TEACHING, TIBETAN DANCE PERFORMANCES, NUMEROUS FILMS ON TIBET, TIBETAN YOGA CLASSES, AND TIBETAN PEACE MANDALA PRESENTATIONS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Stephen Drago President | OfficerTrustee | 40 | $0 |
Michael Silver Vp/treasurer | OfficerTrustee | 2 | $0 |
Madeline Breckenridge Secretary | OfficerTrustee | 2 | $0 |
Suzanne Dickerson Director | Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $25,050 |
All other contributions, gifts, grants, and similar amounts not included above | $1,857 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $26,907 |
Total Program Service Revenue | $0 |
Investment income | $39 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | -$19,037 |
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 | $103,883 |
Miscellaneous Revenue | $0 |
Total Revenue | $111,792 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $115,500 |
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 | $38,468 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $2,020 |
Payroll taxes | $5,992 |
Fees for services: Management | $2,133 |
Fees for services: Legal | $3,737 |
Fees for services: Accounting | $2,473 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $1,023 |
Office expenses | $12,225 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $41,946 |
Travel | $4,498 |
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 | $22,401 |
Insurance | $6,909 |
All other expenses | $180 |
Total functional expenses | $266,740 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $17,911 |
Savings and temporary cash investments | $0 |
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 | $821,394 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $839,305 |
Accounts payable and accrued expenses | $6,376 |
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 | $15,715 |
Secured mortgages and notes payable | $592,203 |
Unsecured mortgages and notes payable | $157,400 |
Other liabilities | $0 |
Total liabilities | $771,694 |
Net assets without donor restrictions | $67,611 |
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 | $0 |
Total liabilities and net assets/fund balances | $839,305 |
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