To support the people of Bhutan to reach their full potential by developing local capacity and facilitating global support.

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
Run by 8 volunteers and 8 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $736K a year · 14% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$349K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
16 mo
of spending, in cash
Looks good: 16.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $35K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$1.1M
15% of total assets
Looks good: liabilities are 15% of assets; 50% or less.
Pt X · Ln 26
Independent board members
16
of 17 voting members
Looks good: 16 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$6.2M
+44% vs prior year
Spent
$5.4M
To programs
84%
Net assets
$6.4M
By yearFY2020–FY2025
Revenue
$6.2M
FY2025▲ +44%
Tap a bar for its year
Revenue by fiscal year
FY2020$4.6M
FY2021$4.1M
FY2022$6.7M
FY2023$5.0M
FY2024$4.3M
FY2025$6.2M
Expenses
$5.4M
FY2025▲ +19%
Tap a bar for its year
Expenses by fiscal year
FY2020$3.4M
FY2021$3.7M
FY2022$4.6M
FY2023$4.9M
FY2024$4.5M
FY2025$5.4M
Net assets
$6.4M
FY2025▲ +14%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.2M
FY2021$3.6M
FY2022$5.8M
FY2023$5.9M
FY2024$5.6M
FY2025$6.4M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1992.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $4.5M Management & general 10% · $564K Fundraising 6% · $328K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

17 people listed on the 990; $349K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Director
$179,871Pt VII · Sec A
Executive Director
$169,011Pt VII · Sec A
Co-Chairperson
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Tshewang Wangchuk$169,011$169,187$137,943$134,508$134,191$134,191

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See The Bhutan Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Empowering Bhutanese people to reach their full potential through local development and global aid.

Questions for The Bhutan Foundation

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Provided by the organization

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3 programs · $4.2M · in their own filed words · FY2024
01

Good Governance

The Bhutan Foundations Good Governance program, particularly through Project Mikhung (Project Citizenship), addresses the ongoing transition from monarchy to a democratic constitutional monarchy.

$2.0Mprogram expense
02

Conservation of the Environment

This area focuses on protecting Bhutans biodiversity through various initiatives. Key projects include Snow Leopard Conservation aimed at safeguarding this endangered species and promoting eco-tourism with events like the Jomolhari Mountain Festival and community homestays.

$1.6Mprogram expense
03

Sustainable & Equitable Socio-Economic Development

This area aims to ensure that services and opportunities are accessible to all individuals in Bhutan. Key initiatives include STEM development, which fosters education in science, technology, engineering, and mathematics, as well as programs in special education and public health that cater to diverse community needs.

$580Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 4 funders$35K
See all 4 funders →
Grants paid · 6 grants · $1.3M · 2019–2023
Health Volunteers OverseasDC · FY2023$2,415
WWF USDC · FY2019$125,000

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$6.2M
Ln 12
Gifts and grantsLn 1h$6.0M
Investment incomeLn 3$117K
Other incomeLn 4–11$40K
Money outPt IX
$5.4M
Ln 25
Programscol B$4.5M
Managementcol C$564K
Fundraisingcol D$328K
Owns and owesPt X
$6.4M
net assets · Ln 32
Cash and savingsLn 1–2$7.4M
Total assetsLn 16$7.5M
LiabilitiesLn 26$1.1M
PeoplePt VI, VII
17
listed · VII A
PaidVII A2
Voting boardVI 1a17
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$6.0M
Government grantsLn 1e$416K
Noncash giftsLn 1g$4K
Investment incomeLn 3$117K
Other incomeLn 4–11$40K
Total revenueLn 12$6.2M
Assets in detailPt X, end of year
CashLn 1$6.9M
SavingsLn 2$501K
Cash and savings togetherLn 1–2$7.4M
Land, buildings, equipmentLn 10c$94K
Other assetsLn 15$12K
Total assetsLn 16$7.5M
LiabilitiesLn 26$1.1M
Net assetsLn 32$6.4M
OperationsPt I, VI
EmployeesI 58
VolunteersI 68
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$5.4M$7.4M
Land, buildings, equipmentLn 10c$58K$94K
Total assetsLn 16$5.8M$7.5M
LiabilitiesLn 26$111K$1.1M
Net assetsLn 32$5.6M$6.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$4.0M$4.0M
Pay of current officers, directors and key staffLn 5$169K$85K$17K$68K
Other salaries and wagesLn 7$583K$188K$206K$189K
Pension plan contributionsLn 8$5K$5K
Other employee benefitsLn 9$156K$65K$33K$57K
Payroll taxesLn 10$62K$14$62K
Legal feesLn 11b$7K$7K
Accounting feesLn 11c$38K$38K
Other fees for servicesLn 11g$142K$108K$34K
Office expensesLn 13$69K$13K$45K$11K
Information technologyLn 14$12K$8$12K
OccupancyLn 16$38K$38K
TravelLn 17$96K$69K$23K$3K
Conferences, conventions and meetingsLn 19$49K$39K$10K$601
Depreciation, depletion and amortizationLn 22$24K$24K
InsuranceLn 23$7K$7K
Other expenses (24a–d)Ln 24$7K$4K$2K
Total functional expensesLn 25$5.4M$4.5M$564K$328K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $6.2M$5.4M$773K$6.4M 990 PDF
FY2024 $4.3M$4.5M−$244K$5.6M 990 PDF
FY2023 $5.0M$4.9M$97K$5.9M 990 PDF
FY2022 $6.7M$4.6M$2.2M$5.8M 990 PDF
FY2021 $4.1M$3.7M$417K$3.6M 990 PDF
FY2020 $4.6M$3.4M$1.2M$3.2M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support F · Foreign J · Pay O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $6,198,488 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,195,722$6,041,466
I-9 Program service revenue$0
I-10 Investment incomePrior year $96,811$116,792
I-11 Other revenuePrior year $9,799$40,230
I-12 Total revenuePrior year $4,302,332$6,198,488
I-13 Grants and similar amounts paidPrior year $3,255,884$3,963,541
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $837,415$974,478
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $452,884$487,751
I-18 Total expensesPrior year $4,546,183$5,425,770
I-19 Revenue less expensesPrior year −$243,851$772,718
Part VI · Governance 16 of 17 board members independent, no flags
VI-1a Voting members of the governing body17
VI-1b Independent voting members16
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $6,198,488 across 8 lines filed
VIII-1e Government grants$415,717
VIII-1f All other contributions, gifts and grants$5,625,749
VIII-1g Noncash contributions (included above)$4,480
VIII-1h Total contributions, gifts and grants$6,041,466
VIII-3 Investment incomeRelated to mission $116,792$116,792
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $40,230$40,230
VIII-12 Total revenueRelated to mission $157,022 · Unrelated business $0 · Excluded from tax $0$6,198,488
Part IX · Statement of functional expenses $5,425,770 across 17 lines filed
IX-3 Grants and assistance to foreign recipientsPrograms $3,963,541$3,963,541
IX-5 Pay of current officers, directors and key staffPrograms $84,506 · Management $16,901 · Fundraising $67,604$169,011
IX-7 Other salaries and wagesPrograms $188,219 · Management $205,990 · Fundraising $188,553$582,762
IX-8 Pension plan contributionsManagement $5,283$5,283
IX-9 Other employee benefitsPrograms $65,419 · Management $33,422 · Fundraising $56,755$155,596
IX-10 Payroll taxesPrograms $14 · Management $61,812$61,826
IX-11b Legal feesManagement $6,765$6,765
IX-11c Accounting feesManagement $37,958$37,958
IX-11g Other fees for servicesPrograms $107,715 · Management $34,274$141,989
IX-13 Office expensesPrograms $12,741 · Management $44,736 · Fundraising $11,285$68,762
IX-14 Information technologyPrograms $8 · Management $12,340$12,348
IX-16 OccupancyManagement $37,838$37,838
IX-17 TravelPrograms $69,352 · Management $23,432 · Fundraising $2,794$95,578
IX-19 Conferences, conventions and meetingsPrograms $38,683 · Management $9,930 · Fundraising $601$49,214
IX-22 Depreciation, depletion and amortizationManagement $23,653$23,653
IX-23 InsuranceManagement $7,024$7,024
IX-24 Other expenses (24a–d)Programs $4,480 · Management $2,142$6,622
IX-25 Total functional expensesPrograms $4,534,678 · Management $563,500 · Fundraising $327,592$5,425,770
Part X · Balance sheet $7,525,681 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $4,430,907$6,919,362
X-2 Savings and temporary cash investmentsStart of year $1,011,690$500,770
X-10c Land, buildings and equipment, netStart of year $57,708$93,604
X-15 Other assetsStart of year $29,505$11,945
X-16 Total assetsStart of year $5,755,203$7,525,681
X-17 Accounts payable and accrued expensesStart of year $78,141$57,671
X-19 Deferred revenueStart of year $33,060$1,051,290
X-26 Total liabilitiesStart of year $111,201$1,108,961
X-27 Net assets without donor restrictionsStart of year $4,011,660$4,381,372
X-28 Net assets with donor restrictionsStart of year $1,632,342$2,035,348
X-32 Total net assets or fund balancesStart of year $5,644,002$6,416,720
X-33 Total liabilities and net assetsStart of year $5,755,203$7,525,681
Part XI · Reconciliation of net assets $6,416,720 net assets at year end
XI-1 Total revenue$6,198,488
XI-2 Total expenses$5,425,770
XI-3 Revenue less expenses$772,718
XI-4 Net assets at start of year$5,644,002
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$6,416,720

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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