Sachen Foundation

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Sachen Foundation was established to support the education of monks and nuns; develop buddhist education and curriculum for children and lay practitioners, and preserve the sakya tradition through text publications and distribution.

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 91-1925472) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
Run by 24 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $52K a year · 16% of revenue · last 5 filings
A surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
80%
of spending
80% of spending went to programs.
Pt IX · Ln 25 · col B
12.6 mo
of spending, in cash
Plus $3.5M in investments, Pt X · Ln 11–13
12.6 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $21K
2 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$29K
0.8% of total assets
Liabilities are 0.8% of assets.
Pt X · Ln 26
Independent board members
12
of 12 voting members
12 of 12 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$1.0M
×11 vs prior year
Spent
$136K
To programs
80%
Net assets
$3.6M
By yearFY2020–FY2024
Revenue
$1.0M
FY2024▲ ×11
Tap a bar for its year
Revenue by fiscal year
FY2020$162K
FY2021$220K
FY2022$146K
FY2023$96K
FY2024$1.0M
Expenses
$136K
FY2024▼ -15%
Tap a bar for its year
Expenses by fiscal year
FY2020$157K
FY2021$762K
FY2022$177K
FY2023$160K
FY2024$136K
Net assets
$3.6M
FY2024▲ +44%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.2M
FY2021$2.7M
FY2022$2.3M
FY2023$2.5M
FY2024$3.6M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 1999.

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

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $109K Management & general 19% · $27K Fundraising 1% · $710

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

12 people listed on the 990.

Part VII, Section A · reportable compensation
Chair, Spiritual Teacher
$0Pt VII · Sec A
President, Treasurer
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Sachen Foundation 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports Buddhist education for monks, nuns, children, and lay practitioners, preserving tradition through publications.

Questions for Sachen Foundation

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1 program · $109K · in their own filed words · FY2024
01

Sachen foundation was established to support the education of monks and nuns; develop buddhist education and curriculum for children and lay practitioners; and preserve buddhist teachings from the sakya tradition through archiving, publishing, and translating teachings and practice texts.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 91-1925472) · Dispute this line
$109Kprogram 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
Total grants receivedfrom 2 funders$21K
Grants paid · 9 grants · $762K · 2020–2024
Unitemized GrantFY2024$11,072
Unitemized GrantFY2023$16,608
Unitemized GrantFY2022$19,520
Sakya Dechen LingMD · FY2021$643,791
Unitemized GrantFY2021$10,272
Sakya SocietyMD · FY2020$43,038
Tsechen Kunchab LingNY · FY2020$7,500
Sakya Tradition INCMA · FY2020$2,500

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.0M
Ln 12
Gifts and grantsLn 1h$906K
Investment incomeLn 3$122K
Money outPt IX
$136K
Ln 25
Programscol B$109K
Managementcol C$27K
Fundraisingcol D$710
Owns and owesPt X
$3.6M
net assets · Ln 32
Cash and savingsLn 1–2$143K
Total assetsLn 16$3.7M
LiabilitiesLn 26$29K
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$906K
Investment incomeLn 3$122K
Gains on assetsLn 7$29K
Total revenueLn 12$1.0M
Assets in detailPt X, end of year
CashLn 1$31K
SavingsLn 2$113K
Cash and savings togetherLn 1–2$143K
Prepaid expenses and deferred chargesLn 9$5K
InvestmentsLn 11–13$3.5M
Total assetsLn 16$3.7M
LiabilitiesLn 26$29K
Net assetsLn 32$3.6M
OperationsPt I, VI
EmployeesI 50
VolunteersI 624
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3More from this return
Abroad and in kindSch F, M
Grants to other countriesSch F Pt II–III$85K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$116K$143K
InvestmentsLn 11–13$2.4M$3.5M
Total assetsLn 16$2.6M$3.7M
LiabilitiesLn 26$32K$29K
Net assetsLn 32$2.5M$3.6M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$4K$4K
Grants to domestic individualsLn 2$11K$11K
Grants and assistance to foreign recipientsLn 3$85K$85K
Accounting feesLn 11c$8K$8K
Investment management feesLn 11f$14K$14K
Office expensesLn 13$3K$2K$710
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$9K$9K
Total functional expensesLn 25$136K$109K$27K$710

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Oct 7, 2025 $1.0M$136K$892K$3.6M 990 PDF
FY2023Filed with the IRS Jun 25, 2024 $96K$160K−$64K$2.5M 990 PDF
FY2022Filed with the IRS Jun 12, 2023 $146K$177K−$31K$2.3M 990 PDF
FY2021Filed with the IRS Apr 22, 2022 $220K$762K−$542K$2.7M 990 PDF
FY2020Filed with the IRS Apr 14, 2021 $162K$157K$5K$3.2M 990 PDF

Schedules filed Part IV

A · Public support F · Foreign I · Grants O · Explanations
See the full FY2024 990
Part I · Summary $1,028,276 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $80,084$905,930
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $15,787$122,346
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $95,871$1,028,276
I-13 Grants and similar amounts paidPrior year $131,654$100,461
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 $27,951$35,774
I-18 Total expensesPrior year $159,605$136,235
I-19 Revenue less expensesPrior year −$63,734$892,041
Part VI · Governance 12 of 12 board members independent, 3 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-2 Family or business relationship among officers or directorsYes
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $1,028,276 across 5 lines filed
VIII-1f All other contributions, gifts and grants$905,930
VIII-1h Total contributions, gifts and grants$905,930
VIII-3 Investment incomeExcluded from tax $93,727$93,727
VIII-7 Net gain or loss on sales of assetsExcluded from tax $28,619$28,619
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $122,346$1,028,276
Part IX · Statement of functional expenses $136,235 across 8 lines filed
IX-1 Grants to domestic organizationsPrograms $4,000$4,000
IX-2 Grants to domestic individualsPrograms $11,072$11,072
IX-3 Grants and assistance to foreign recipientsPrograms $85,389$85,389
IX-11c Accounting feesManagement $8,378$8,378
IX-11f Investment management feesManagement $13,941$13,941
IX-13 Office expensesManagement $2,279 · Fundraising $710$2,989
IX-23 InsuranceManagement $1,940$1,940
IX-24 Other expenses (24a–d)Programs $8,526$8,526
IX-25 Total functional expensesPrograms $108,987 · Management $26,538 · Fundraising $710$136,235
Part X · Balance sheet $3,668,156 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $29,973$30,506
X-2 Savings and temporary cash investmentsStart of year $85,650$112,983
X-9 Prepaid expenses and deferred chargesStart of year $3,662$4,667
X-11 Publicly traded securitiesStart of year $2,442,611$3,520,000
X-16 Total assetsStart of year $2,561,896$3,668,156
X-17 Accounts payable and accrued expensesStart of year $5,764$7,067
X-18 Grants payableStart of year $26,044$22,144
X-26 Total liabilitiesStart of year $31,808$29,211
X-27 Net assets without donor restrictionsStart of year $2,530,088$3,638,945
X-32 Total net assets or fund balancesStart of year $2,530,088$3,638,945
X-33 Total liabilities and net assetsStart of year $2,561,896$3,668,156
Part XI · Reconciliation of net assets $3,638,945 net assets at year end
XI-1 Total revenue$1,028,276
XI-2 Total expenses$136,235
XI-3 Revenue less expenses$892,041
XI-4 Net assets at start of year$2,530,088
XI-5 Net unrealized gains (losses) on investments$216,816
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,638,945

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

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