Danang Foundation Corp FY2020 filing

Tax-deductible

Jackson Hts, NY501(c)(3)ReligionEIN 20-8389978Revenue $232K in FY2020

On file with the IRSdanangfoundation.com7611 37th Ave Ste 202, 11372-6623 · Jackson Hts, NYTax-exempt since Jul 2009Church — 170(b)(1)(A)(i)

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To improve education, alleviate poverty, provide healthcare, preserve culture and conserve the environment.

501(c)(3) charity; gifts are tax-deductible.
63¢ of each $1 spent went to programs.
$37K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $74K a year · 30% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
63%
of spending
Worth a look: 63% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$37K
to officers and key staff · 17% of spending
Fine: pay to officers and key staff is 17% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.4 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $85K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$41K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$232K
Spent
$216K
To programs
63%
Net assets
$1.5M
By yearFY2020–FY2024
Revenue
$232K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$232K
FY2021$168K
FY2022$285K
FY2023$331K
FY2024$219K
Expenses
$216K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$216K
FY2021$271K
FY2022$350K
FY2023$519K
FY2024$249K
Net assets
$1.5M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1.5M
FY2021$1.4M
FY2022$1.4M
FY2023$1.2M
FY2024$1.2M

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2009.

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

Where the money goes

63 cents of each dollar spent went to programs.

Program services 63% · $136K Management & general 37% · $80K

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

4 people listed on the 990; $37K paid to officers and key staff.

Part VII, Section A · reportable compensation
$37,100Pt VII · Sec A
Secretary/CFO
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Tashi Rinpoche Lama Tsewang’s $46K as President is at the 46th percentile of top reported officer pay among 2132 $100K–1M religion nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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

NameFY2024FY2023FY2022FY2021FY2020
Tashi Rinpoche Lama Tsewang$45,600$45,600$45,600$45,600$37,100

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.

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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
  • Loans to or from officersSch L · Pt II2 listed

Programs and updates

Improves education, poverty, healthcare, culture, and the environment.

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Provided by the organization

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1 program · $136K · in their own filed words · FY2020
01

To improve education, alleviate poverty, provide healthcare, preserve culture and conserve the environment.

$136Kprogram 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 · FY2024
Total grants receivedfrom 2 funders$85K
Grants paid · 4 grants · $112K · 2022–2024
Unitemized GrantFY2023$82,350

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$232K
Ln 12
Fees for servicesLn 2g$231K
Gifts and grantsLn 1h$1K
Investment incomeLn 3$1
Money outPt IX
$216K
Ln 25
Programscol B$136K
Managementcol C$80K
Owns and owesPt X
$1.5M
net assets · Ln 32
Cash and savingsLn 1–2$8K
Total assetsLn 16$1.6M
LiabilitiesLn 26$41K
PeoplePt VI, VII
4
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1K
Fees for servicesLn 2g$231K
Investment incomeLn 3$1
Total revenueLn 12$232K
Assets in detailPt X, end of year
CashLn 1$8K
Cash and savings togetherLn 1–2$8K
Land, buildings, equipmentLn 10c$1.5M
Other assetsLn 15$50K
Total assetsLn 16$1.6M
LiabilitiesLn 26$41K
Net assetsLn 32$1.5M
OperationsPt I, VI
EmployeesI 51
VolunteersI 65
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
LineStart FY20End FY20
Cash and savingsLn 1–2$51K$8K
Land, buildings, equipmentLn 10c$1.5M$1.5M
Total assetsLn 16$1.6M$1.6M
LiabilitiesLn 26$25K$41K
Net assetsLn 32$1.5M$1.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$37K$0$37K$0
Payroll taxesLn 10$3K$0$3K$0
Legal feesLn 11b$2K$0$2K$0
Accounting feesLn 11c$600$0$600$0
Advertising and promotionLn 12$3K$3K$0$0
Office expensesLn 13$5K$0$5K$0
OccupancyLn 16$67K$67K$0$0
Conferences, conventions and meetingsLn 19$51K$51K$0$0
InterestLn 20$30$0$30$0
Depreciation, depletion and amortizationLn 22$2K$0$2K$0
InsuranceLn 23$3K$0$3K$0
Other expenses (24a–d)Ln 24$32K$13K$19K$0
All other expensesLn 24e$10K$2K$8K$0
Total functional expensesLn 25$216K$136K$80K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $219K$249K−$30K$1.2M 990 PDF
FY2023 $331K$519K−$187K$1.2M 990 PDF
FY2022 $285K$350K−$65K$1.4M 990 PDF
FY2021 $168K$271K−$103K$1.4M 990 PDF
FY2020 Viewing $232K$216K$16K$1.5M 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 FY2020 990 (6 parts)
Part I · Summary $231,981 revenue, 12 lines filed
I-8 Contributions and grants$1,000
I-9 Program service revenuePrior year $221,182$230,980
I-10 Investment incomePrior year $87$1
I-11 Other revenue$0
I-12 Total revenuePrior year $221,269$231,981
I-13 Grants and similar amounts paidPrior year $3,000$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $47,716$40,050
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $297,744$176,390
I-18 Total expensesPrior year $348,460$216,440
I-19 Revenue less expensesPrior year −$127,191$15,541
Part VI · Governance 4 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
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 $231,981 across 5 lines filed
VIII-1f All other contributions, gifts and grants$1,000
VIII-1h Total contributions, gifts and grants$1,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$230,980
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$1
VIII-12 Total revenueRelated to mission $230,981 · Unrelated business $0 · Excluded from tax $0$231,981
Part IX · Statement of functional expenses $216,440 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $37,100 · Fundraising $0$37,100
IX-10 Payroll taxesPrograms $0 · Management $2,950 · Fundraising $0$2,950
IX-11b Legal feesPrograms $0 · Management $1,500 · Fundraising $0$1,500
IX-11c Accounting feesPrograms $0 · Management $600 · Fundraising $0$600
IX-12 Advertising and promotionPrograms $3,120 · Management $0 · Fundraising $0$3,120
IX-13 Office expensesPrograms $0 · Management $5,283 · Fundraising $0$5,283
IX-16 OccupancyPrograms $67,239 · Management $0 · Fundraising $0$67,239
IX-19 Conferences, conventions and meetingsPrograms $50,730 · Management $0 · Fundraising $0$50,730
IX-20 InterestPrograms $0 · Management $30 · Fundraising $0$30
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $2,422 · Fundraising $0$2,422
IX-23 InsurancePrograms $0 · Management $2,805 · Fundraising $0$2,805
IX-24 Other expenses (24a–d)Programs $13,000 · Management $19,445 · Fundraising $0$32,445
IX-24e All other expensesPrograms $2,096 · Management $8,120 · Fundraising $0$10,216
IX-25 Total functional expensesPrograms $136,185 · Management $80,255 · Fundraising $0$216,440
Part X · Balance sheet $1,585,277 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $51,109$7,997
X-10c Land, buildings and equipment, netStart of year $1,472,171$1,527,691
X-15 Other assetsStart of year $29,939$49,589
X-16 Total assetsStart of year $1,553,219$1,585,277
X-25 Other liabilitiesStart of year $1,312$6,491
X-26 Total liabilitiesStart of year $24,975$41,491
X-27 Net assets without donor restrictionsStart of year $1,528,244$1,543,786
X-32 Total net assets or fund balancesStart of year $1,528,244$1,543,786
X-33 Total liabilities and net assetsStart of year $1,553,219$1,585,277
Part XI · Reconciliation of net assets $1,543,786 net assets at year end
XI-1 Total revenue$231,981
XI-2 Total expenses$216,440
XI-3 Revenue less expenses$15,541
XI-4 Net assets at start of year$1,528,244
XI-10 Net assets at end of year$1,543,786

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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