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Terton Sogyal Foundation

Tax-deductible

New York, NY501(c)(3)Foundations & Grantmakers EIN 27-1221733Revenue $51K in FY2024

On file with the IRSterton-sogyal-usa.org72 Reade St Apt 6, 10007-1809 · New York, NYTax-exempt since Mar 2010Publicly supported charity — 170(b)(1)(A)(vi)

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The organization is organized & operated for exclusively religious, charitable & educational purposes specifically the promotion and advancement of the buddhist religion worldwide. However, the organization's primary activity is the provision of financial support for institutions that further the preservation, study, and practice of buddhism. Examples of such institutions include monasteries, nunneries, schools, study colleges, libraries, retreat centers, and shrines. The organization also supports the preservation of objects and images associated with the practice of buddhism.

501(c)(3) charity; gifts are tax-deductible.
68¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2024 · 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
4 of 5
filings with a surplus
Average surplus $13K a year · 43% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
68%
of spending
Fine: 68% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
118 mo
of spending, in cash
Looks good: 118.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $23
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$3K
0.5% of total assets
Looks good: liabilities are 0% 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
$51K
+171% vs prior year
Spent
$29K
To programs
68%
Net assets
$576K
By yearFY2020–FY2024
Revenue
$51K
FY2024▲ +171%
Tap a bar for its year
Revenue by fiscal year
FY2020$30K
FY2021$29K
FY2022$17K
FY2023$19K
FY2024$51K
Expenses
$29K
FY2024▲ +34%
Tap a bar for its year
Expenses by fiscal year
FY2020$7K
FY2021$19K
FY2022$6K
FY2023$22K
FY2024$29K
Net assets
$576K
FY2024▲ +3%
Tap a bar for its year
Net assets by fiscal year
FY2020$578K
FY2021$593K
FY2022$528K
FY2023$560K
FY2024$576K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2010.

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

Where the money goes

68 cents of each dollar spent went to programs.

Program services 68% · $20K Management & general 32% · $9K

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.

Part VII, Section A · reportable compensation
Pedro Beroy
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Terton Sogyal 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides financial support for institutions preserving, studying, and practicing Buddhism worldwide.

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Provided by the organization

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1 program · $20K · in their own filed words · FY2024
01

Program Services Focus on Three Major Areas

1. The training and education of practitioners, scholars, translators and teachers who will continue the traditions of study and practice established by sogyal rinpoche, for the benefit of future GENERATIONS.2.

$20Kprogram 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 · FY2023
Amazonsmile FoundationFY2023$23
Total grants receivedfrom 1 funder$23
Grants paid · 3 grants · $14K · 2023–2023
Unitemized GrantFY2023$5,179
Unitemized GrantFY2023$4,978
Unitemized GrantFY2023$3,453

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$51K
Ln 12
Gifts and grantsLn 1h$30K
Investment incomeLn 3$22K
Money outPt IX
$29K
Ln 25
Programscol B$20K
Managementcol C$9K
Owns and owesPt X
$576K
net assets · Ln 32
Cash and savingsLn 1–2$291K
Total assetsLn 16$579K
LiabilitiesLn 26$3K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$30K
Investment incomeLn 3$22K
Gains on assetsLn 7$1K
Total revenueLn 12$51K
Assets in detailPt X, end of year
CashLn 1$49K
SavingsLn 2$242K
Cash and savings togetherLn 1–2$291K
InvestmentsLn 11–13$288K
Total assetsLn 16$579K
LiabilitiesLn 26$3K
Net assetsLn 32$576K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$18K$291K
InvestmentsLn 11–13$545K$288K
Total assetsLn 16$563K$579K
LiabilitiesLn 26$3K$3K
Net assetsLn 32$560K$576K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$4K$4K
Grants and assistance to foreign recipientsLn 3$16K$16K
Accounting feesLn 11c$5K$5K
Investment management feesLn 11f$2K$2K
Other fees for servicesLn 11g$521$521
Office expensesLn 13$2K$2K
Total functional expensesLn 25$29K$20K$9K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $51K$29K$22K$576K 990 PDF
FY2023 $19K$22K−$3K$560K 990 PDF
FY2022 $17K$6K$11K$528K 990 PDF
FY2021 $29K$19K$10K$593K 990 PDF
FY2020 $30K$7K$23K$578K 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 O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $51,427 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,435$29,512
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $14,561$21,915
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $18,996$51,427
I-13 Grants and similar amounts paidPrior year $13,610$20,025
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $8,451$9,446
I-18 Total expensesPrior year $22,061$29,471
I-19 Revenue less expensesPrior year −$3,065$21,956
Part VI · Governance 4 of 4 board members independent, 2 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $51,427 across 5 lines filed
VIII-1f All other contributions, gifts and grants$29,512
VIII-1h Total contributions, gifts and grants$29,512
VIII-3 Investment incomeExcluded from tax $20,869$20,869
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,046$1,046
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $21,915$51,427
Part IX · Statement of functional expenses $29,471 across 6 lines filed
IX-2 Grants to domestic individualsPrograms $4,251$4,251
IX-3 Grants and assistance to foreign recipientsPrograms $15,774$15,774
IX-11c Accounting feesManagement $4,975$4,975
IX-11f Investment management feesManagement $2,360$2,360
IX-11g Other fees for servicesManagement $521$521
IX-13 Office expensesManagement $1,590$1,590
IX-25 Total functional expensesPrograms $20,025 · Management $9,446 · Fundraising $0$29,471
Part X · Balance sheet $578,762 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $3,858$48,872
X-2 Savings and temporary cash investmentsStart of year $14,513$241,936
X-11 Publicly traded securitiesStart of year $544,501$287,954
X-16 Total assetsStart of year $562,872$578,762
X-17 Accounts payable and accrued expensesStart of year $2,850$2,850
X-26 Total liabilitiesStart of year $2,850$2,850
X-27 Net assets without donor restrictionsStart of year $560,022$575,912
X-32 Total net assets or fund balancesStart of year $560,022$575,912
X-33 Total liabilities and net assetsStart of year $562,872$578,762
Part XI · Reconciliation of net assets $575,912 net assets at year end
XI-1 Total revenue$51,427
XI-2 Total expenses$29,471
XI-3 Revenue less expenses$21,956
XI-4 Net assets at start of year$560,022
XI-5 Net unrealized gains (losses) on investments−$6,066
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$575,912

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

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