Nechung Foundation INC: Nonprofit Profile, Financials & Form 990 (EIN 13-3898876)

Revenue by fiscal year
FY2020	$16K
FY2021	$34K
FY2022	$67K
FY2023	$114K
FY2024	$159K

Expenses by fiscal year
FY2020	$26K
FY2021	$34K
FY2022	$50K
FY2023	$68K
FY2024	$111K

Net assets by fiscal year
FY2020	$0
FY2021	$0
FY2022	$0
FY2023	$0
FY2024	$0

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 1997.

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

Where the money goes

93 cents of each dollar spent went to programs.

93%

Program services 93% · $104K Fundraising 7% · $8K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation

Venerable Pema Dorjee

Vice President

$0Pt VII · Sec A

Venerable Thupten Ngodup

Director

$0Pt VII · Sec A

Kalsang Sherab

President

$0Pt VII · Sec A

Tenzin Sonam Lhenak

Asst Treasurer

$0Pt VII · Sec A

Tenzin Norphel Lama

Treasurer

$0Pt VII · Sec A

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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 15aNo

Programs and updates

Promotes Tibetan Buddhism religion and its practices.

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Provided by the organization

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1 program · in their own filed words · FY2024

01

Promotion of tibetan bhudhism religion

Pt IX · col B

Funders

Who pays for it.

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

Grants

Schedule I · funders on record

Grants received · FY2024

Malkenson Foundation INCFY2024$3K

Total grants receivedfrom 1 funder$3K

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$159K

Ln 12

Gifts and grantsLn 1h$159K

Money outPt IX

$111K

Ln 25

Programscol B$104K

Fundraisingcol D$8K

Owns and owesPt X

$0

net assets · Ln 32

Cash and savingsLn 1–2$218K

Total assetsLn 16$795K

LiabilitiesLn 26$795K

PeoplePt VI, VII

5

listed · VII A

PaidVII A0

Voting boardVI 1a0

IndependentVI 1b0

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$159K

Fundraising eventsLn 1c$104K

Total revenueLn 12$159K

Assets in detailPt X, end of year

CashLn 1$218K

Cash and savings togetherLn 1–2$218K

Land, buildings, equipmentLn 10c$562K

Total assetsLn 16$795K

LiabilitiesLn 26$795K

Net assetsLn 32$0

OperationsPt I, VI

EmployeesI 50

VolunteersI 620

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$170K	$218K
Land, buildings, equipmentLn 10c	$562K	$562K
Total assetsLn 16	$747K	$795K
LiabilitiesLn 26	$747K	$795K
Net assetsLn 32	$0	$0

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$4K	$4K
Grants and assistance to foreign recipientsLn 3	$7K	$7K
Management feesLn 11a	$2K	$2K
Legal feesLn 11b	$2K	$2K
Accounting feesLn 11c	$2K	$2K
Professional fundraising feesLn 11e	$8K			$8K
Advertising and promotionLn 12	$8K	$8K
Office expensesLn 13	$4K	$4K
Information technologyLn 14	$4K	$4K
OccupancyLn 16	$37K	$37K
TravelLn 17	$10K	$10K
Conferences, conventions and meetingsLn 19	$8K	$8K
InsuranceLn 23	$4K	$4K
Other expenses (24a–d)Ln 24	$14K	$14K
Total functional expensesLn 25	$111K	$104K	$0	$8K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest Viewing	$159K	$111K	$48K	$0	990 PDF
FY2023	$114K	$68K	$46K	$0	990 PDF
FY2022	$67K	$50K	$16K	$0	990 PDF
FY2021	$34K	$34K	$0	$0	990 PDF
FY2020	$16K	$26K	−$11K	$0	990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

See the full FY2024 990 (6 parts)

Part I · Summary $158,713 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $114,037$158,713

I-9 Program service revenue$0

I-10 Investment income$0

I-11 Other revenue$0

I-12 Total revenuePrior year $114,037$158,713

I-13 Grants and similar amounts paidPrior year $8,130$10,315

I-14 Benefits paid to members$0

I-15 Salaries and benefits$0

I-16a Professional fundraising feesPrior year $5,660$7,650

I-17 Other expensesPrior year $54,374$93,204

I-18 Total expensesPrior year $68,164$111,169

I-19 Revenue less expensesPrior year $45,873$47,544

Part VI · Governance 4 to look at

VI-1a Voting members of the governing body0

VI-1b Independent voting members0

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

Part VIII · Statement of revenue $158,713 across 4 lines filed

VIII-1b Membership dues$55,000

VIII-1c Fundraising events$103,713

VIII-1h Total contributions, gifts and grants$158,713

VIII-12 Total revenue$158,713

Part IX · Statement of functional expenses $111,169 across 14 lines filed

IX-2 Grants to domestic individualsPrograms $3,550$3,550

IX-3 Grants and assistance to foreign recipientsPrograms $6,765$6,765

IX-11a Management feesPrograms $1,670$1,670

IX-11b Legal feesPrograms $2,500$2,500

IX-11c Accounting feesPrograms $1,500$1,500

IX-11e Professional fundraising feesFundraising $7,650$7,650

IX-12 Advertising and promotionPrograms $7,686$7,686

IX-13 Office expensesPrograms $3,560$3,560

IX-14 Information technologyPrograms $3,810$3,810

IX-16 OccupancyPrograms $37,140$37,140

IX-17 TravelPrograms $9,766$9,766

IX-19 Conferences, conventions and meetingsPrograms $7,814$7,814

IX-23 InsurancePrograms $3,746$3,746

IX-24 Other expenses (24a–d)Programs $14,012$14,012

IX-25 Total functional expensesPrograms $103,519 · Management $0 · Fundraising $7,650$111,169

Part X · Balance sheet $794,657 assets, 8 lines filed

X-1 Cash, non-interest-bearingStart of year $170,139$217,683

X-3 Pledges and grants receivableStart of year $15,000$15,000

X-10c Land, buildings and equipment, netStart of year $561,974$561,974

X-16 Total assetsStart of year $747,113$794,657

X-18 Grants payableStart of year $747,113$794,657

X-26 Total liabilitiesStart of year $747,113$794,657

X-32 Total net assets or fund balancesStart of year $0$0

X-33 Total liabilities and net assetsStart of year $747,113$794,657

Part XI · Reconciliation of net assets $0 net assets at year end

XI-1 Total revenue$158,713

XI-2 Total expenses$111,169

XI-3 Revenue less expenses$47,544

XI-9 Other changes in net assets−$47,544

XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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Nechung Foundation INC

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Nechung Foundation INC

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV