Tibetan Charities INC

Tax-deductible

Kingston, NY501(c)(3)Foundations & GrantmakersEIN 27-3286196

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A charitable endeavor dedicated to raising awareness about Tibetan culture and the current plight of the Tibetan people.

501(c)(3) charity; gifts are tax-deductible.
75¢ of each $1 spent went to programs.
$35K 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

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
3 of 5
filings with a surplus
Average deficit $5K a year · 2% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
75%
of spending
Looks good: 75% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$35K
to officers and key staff · 12% of spending
Top officer’s pay lower than 70% of similar orgs
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 5.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$88K
25% of total assets
Looks good: liabilities are 25% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 4 voting members
Fine: 2 of 4 voting members are independent, half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$329K
+7% vs prior year
Spent
$289K
To programs
75%
Net assets
$271K
By yearFY2020–FY2024
Revenue
$329K
FY2024▲ +7%
Revenue by fiscal year
FY2020$66K
FY2021$112K
FY2022$441K
FY2023$307K
FY2024$329K
Expenses
$289K
FY2024+0.2%
Expenses by fiscal year
FY2020$138K
FY2021$267K
FY2022$296K
FY2023$288K
FY2024$289K
Net assets
$271K
FY2024▲ +17%
Net assets by fiscal year
FY2020$223K
FY2021$68K
FY2022$213K
FY2023$231K
FY2024$271K

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 Dec 2010.

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

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $218K Management & general 24% · $70K Fundraising 0% · $829

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; $35K paid to officers and key staff.

Part VII, Section A · reportable compensation
President
$34,522Pt VII · Sec A
VP/Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Stephen Drago’s $35K as President is at the 30th percentile of top reported officer pay among 1264 $100K–1M philanthropy & grantmaking 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

NameFY2024FY2023FY2022
Stephen Drago$34,522$90,655$79,270

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

Programs and updates

Promotes Tibetan culture and raises awareness of their current struggles.

Provided by the organization

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1 program service account for $218K of program spending, described in the organization's own filed words · FY2024.
01

Raising awareness about tibetan culture through tibetan buddhism teaching, tibetan dance performances, numerous films on tibet, tibetan yoga classes, and tibetan peace mandala presentations.

$218Kprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 4 grants · $144K · 2021–2024
Various Organizations Under 5000 EachFY2024$15,307
The Ubuntu Foundation INCFY2024$8,000
Vajra Dakini Nunnery INCVT · FY2024$5,000
Ubuntu FoundationFY2021$115,500

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$329K
Ln 12
Other incomeLn 4–11$211K
Investment incomeLn 3$118K
Money outPt IX
$289K
Ln 25
Programscol B$218K
Managementcol C$70K
Fundraisingcol D$829
Owns and owesPt X
$271K
net assets · Ln 32
Cash and savingsLn 1–2$140K
Total assetsLn 16$359K
LiabilitiesLn 26$88K
PeoplePt VI, VII
4
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$118K
Other incomeLn 4–11$211K
Gains on assetsLn 7$118K
Total revenueLn 12$329K
Assets in detailPt X, end of year
CashLn 1$140K
Cash and savings togetherLn 1–2$140K
Land, buildings, equipmentLn 10c$219K
Total assetsLn 16$359K
LiabilitiesLn 26$88K
Net assetsLn 32$271K
OperationsPt I, VI
EmployeesI 57
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
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$126K$140K
Land, buildings, equipmentLn 10c$504K$219K
Total assetsLn 16$630K$359K
LiabilitiesLn 26$399K$88K
Net assetsLn 32$231K$271K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$28K$28K
Pay of current officers, directors and key staffLn 5$35K$35K
Other salaries and wagesLn 7$91K$91K
Other employee benefitsLn 9$6K$6K
Payroll taxesLn 10$10K$10K
Legal feesLn 11b$11K$11K
Accounting feesLn 11c$4K$4K
Advertising and promotionLn 12$829$829
OccupancyLn 16$66K$66K
InterestLn 20$13K$13K
Depreciation, depletion and amortizationLn 22$4K$4K
InsuranceLn 23$8K$8K
Other expenses (24a–d)Ln 24$13K$13K
Total functional expensesLn 25$289K$218K$70K$829

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $329K$289K$40K$271K 990 PDF
FY2023 $307K$288K$19K$231K 990 PDF
FY2022 $441K$296K$145K$213K 990 PDF
FY2021 $112K$267K−$155K$68K 990 PDF
FY2020 $66K$138K−$72K$223K 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 (4 parts)
Part VIII · Statement of revenue $328,636 across 4 lines filed
Lines not itemized here account for $203,104 of total revenue; see the IRS return.
VIII-3 Investment incomeExcluded from tax $109$109
VIII-6 Net rental income or lossExcluded from tax $7,619$7,619
VIII-7 Net gain or loss on sales of assetsExcluded from tax $117,804$117,804
VIII-12 Total revenueRelated to mission $203,104 · Unrelated business $0 · Excluded from tax $125,532$328,636
Part IX · Statement of functional expenses $289,060 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $28,307$28,307
IX-5 Pay of current officers, directors and key staffManagement $34,522$34,522
IX-7 Other salaries and wagesPrograms $91,272$91,272
IX-9 Other employee benefitsPrograms $5,600$5,600
IX-10 Payroll taxesPrograms $10,027$10,027
IX-11b Legal feesManagement $10,772$10,772
IX-11c Accounting feesManagement $3,717$3,717
IX-12 Advertising and promotionFundraising $829$829
IX-16 OccupancyPrograms $66,061$66,061
IX-20 InterestManagement $13,064$13,064
IX-22 Depreciation, depletion and amortizationPrograms $3,782$3,782
IX-23 InsuranceManagement $7,930$7,930
IX-24 Other expenses (24a–d)Programs $13,177$13,177
IX-25 Total functional expensesPrograms $218,226 · Management $70,005 · Fundraising $829$289,060
Part X · Balance sheet $358,860 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $126,395$139,891
X-10c Land, buildings and equipment, netStart of year $503,950$218,969
X-16 Total assetsStart of year $630,345$358,860
X-17 Accounts payable and accrued expensesStart of year $1,876$2,115
X-24 Unsecured notes and loans payableStart of year $83,012$85,807
X-26 Total liabilitiesStart of year $398,983$87,922
X-27 Net assets without donor restrictionsStart of year $231,362$270,938
X-32 Total net assets or fund balancesStart of year $231,362$270,938
X-33 Total liabilities and net assetsStart of year $630,345$358,860
Part XI · Reconciliation of net assets $270,938 net assets at year end
XI-1 Total revenue$328,636
XI-2 Total expenses$289,060
XI-3 Revenue less expenses$39,576
XI-4 Net assets at start of year$231,362
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$270,938

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

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