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Heruka Institute FY2024 filing

Tax-deductible

Seattle, WA501(c)(3)Since 2016Religion EIN 81-2378212Revenue $62K in FY2024Latest return filed May 4, 2026

On file with the IRSherukainstitute.orgSeattle, WATax-exempt since May 2016Publicly supported charity — 170(b)(1)(A)(vi)

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Education and religious practice of tibertan buddhism in USA.

501(c)(3) charity; gifts are tax-deductible.
28¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
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
3 of 3
filings with a surplus
Average surplus $42K a year · 61% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
28%
of spending
Concern: 28% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
195 mo
of spending, in cash
Looks good: 194.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$62K
-2% vs prior year
Spent
$17K
To programs
28%
Net assets
$600K
By yearFY2023–FY2025
Revenue
$62K
FY2024▼ -2%
Tap a bar for its year
Revenue by fiscal year
FY2023$63K
FY2024$62K
FY2025$81K
Expenses
$17K
FY2024▼ -14%
Tap a bar for its year
Expenses by fiscal year
FY2023$19K
FY2024$17K
FY2025$45K
Net assets
$600K
FY2024▲ +8%
Tap a bar for its year
Net assets by fiscal year
FY2023$556K
FY2024$600K
FY2025$637K

From the FY2024 Form 990 · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 2016.

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

Where the money goes

28 cents of each dollar spent went to programs.

Program services 28% · $5K Management & general 72% · $12K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation
David Corter
Treasurer
$0Pt VII · Sec A
Kathleen Ram
President
$0Pt VII · Sec A
Sergio Moreno
Vice President
$0Pt VII · Sec A
See Heruka Institute executive salaries →

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

Teaches Tibetan Buddhist philosophy and practices to people in the USA.

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1 program · $5K · in their own filed words · FY2024
01

Buddhism education including online and in-person at events across the united states.

$5Kprogram expense

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$62K
Ln 12
Gifts and grantsLn 1h$62K
Money outPt IX
$17K
Ln 25
Programscol B$5K
Managementcol C$12K
Owns and owesPt X
$600K
net assets · Ln 32
Cash and savingsLn 1–2$272K
Total assetsLn 16$600K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$62K
Total revenueLn 12$62K
Assets in detailPt X, end of year
CashLn 1$272K
Cash and savings togetherLn 1–2$272K
Land, buildings, equipmentLn 10c$329K
Total assetsLn 16$600K
LiabilitiesLn 26$0
Net assetsLn 32$600K
OperationsPt I, VI
EmployeesI 50
VolunteersI 625
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 FY24End FY24
Cash and savingsLn 1–2$221K$272K
Land, buildings, equipmentLn 10c$332K$329K
Total assetsLn 16$556K$600K
LiabilitiesLn 26$0$0
Net assetsLn 32$556K$600K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$3K$3K
Office expensesLn 13$436$436
Information technologyLn 14$2K$2K
OccupancyLn 16$6K$3K$3K
TravelLn 17$62$62
Depreciation, depletion and amortizationLn 22$3K$2K$2K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$242$242
Total functional expensesLn 25$17K$5K$12K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 4, 2026 $81K$45K$36K$637K 990 PDF
FY2024 ViewingFiled with the IRS May 12, 2025 $62K$17K$45K$600K 990 PDF
FY2023Filed with the IRS May 29, 2024 $63K$19K$43K$556K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $61,611 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $62,786$61,611
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $62,786$61,611
I-13 Grants and similar amounts paidPrior year $0$0
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 $19,389$16,755
I-18 Total expensesPrior year $19,389$16,755
I-19 Revenue less expensesPrior year $43,397$44,856
Part VI · Governance 3 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
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 $61,611 across 3 lines filed
VIII-1f All other contributions, gifts and grants$61,611
VIII-1h Total contributions, gifts and grants$61,611
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$61,611
Part IX · Statement of functional expenses $16,755 across 8 lines filed
IX-11c Accounting feesManagement $2,600$2,600
IX-13 Office expensesManagement $436$436
IX-14 Information technologyManagement $1,600$1,600
IX-16 OccupancyPrograms $2,820 · Management $2,820$5,640
IX-17 TravelManagement $62$62
IX-22 Depreciation, depletion and amortizationPrograms $1,655 · Management $1,655$3,310
IX-23 InsuranceManagement $2,865$2,865
IX-24 Other expenses (24a–d)Programs $242$242
IX-25 Total functional expensesPrograms $4,717 · Management $12,038 · Fundraising $0$16,755
Part X · Balance sheet $600,403 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $221,348$271,783
X-5 Loans to officers and key peopleStart of year $2,269$0
X-10c Land, buildings and equipment, netStart of year $331,930$328,620
X-16 Total assetsStart of year $555,547$600,403
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $555,547$600,403
X-32 Total net assets or fund balancesStart of year $555,547$600,403
X-33 Total liabilities and net assetsStart of year $555,547$600,403
Part XI · Reconciliation of net assets $600,403 net assets at year end
XI-1 Total revenue$61,611
XI-2 Total expenses$16,755
XI-3 Revenue less expenses$44,856
XI-4 Net assets at start of year$555,547
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$600,403

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

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