Sachen Foundation EIN 91-1925472 Form 990 (PDF) Claim this org

Sachen Foundation FY2020 filing

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Supports Buddhist education for monks, nuns, children, and lay practitioners, preserving tradition through publications. For fiscal year 2020 it reported $162K in revenue, $157K in expenses, and $3.2M in net assets.Pt I

Type
Religious organization · Religion
Location
Wayzata, MN
Website
www.sachenfoundation.org
Filings
5 on file (2020–2020)
Revenue
$162KFY2020
Expenses
$157K
Net assets
$3.2M
People
13
Filings
5
Updates
0
More identity details & actions ⌄
EIN  91-1925472 Religious organization Wayzata, MN
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Size
$1–10M
What they do
Supports Buddhist education for monks, nuns, children, and lay practitioners, preserving tradition through publications.
Leadership
Hh Ratna Vajra Sakya Rinpoche · Chair, Spiritual Teacher
Money in and out
$162K revenue, $157K expenses
Bottom line
84% program efficiency
Where the money goes · FY2020
Total revenue
$162K
Pt VIII · Ln 12
Total expenses
$157K
Pt IX · Ln 25
Net assets
$3.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $5K
Where spending went · Part IX cols B–D
Program services $0.84 Management & general $0.16 Fundraising $0.01
Program efficiency
84%
of spending reaches programs
Operating runway
247.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
+3%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$162K
FY2020
Expenses
$157K
FY2020
Total assets
$3.2M
FY2020
Total liabilities
$5K
FY2020
Total revenue
$162K
Pt VIII · Ln 12
Total expenses
$157K
Pt IX · Ln 25
Net assets
$3.2M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$5K
Total assetsPt X · Ln 16$3.2M
Program-expense ratioPt IX · col B84%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 413

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSachen Foundation
EINHdr · item D91-1925472
Principal addressHdr · item CWayzata, MN
WebsiteHdr · item Jwww.sachenfoundation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFReligion (X50)
Ruling yearIRS BMFMay 1999

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a13
Independent voting membersPt VI · Ln 1b13
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Chair, Spiritual Teacher
$0Pt VII · Sec A
Rinpoche, Spiritual Teache
$0Pt VII · Sec A
President, Treasurer
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $128K of program spending, described in the organization's own filed words · FY2020.
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 the sakya tradition through text publications and distribution.

$128Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$84K · 52%
Investment income$78K · 48%
Contributions & grants52%$84K
Investment income48%$78K
Total revenueLn 12$162K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.84 Management & general $0.16 Fundraising $0.01
Program services84%$131K
Management & general16%$25K
Fundraising1%$1K
Total functional expensesLn 25$157K

Balance Sheet

Part X · end of year
CashLn 1$1.3M
Total assetsLn 16$3.2M
Total liabilitiesLn 26$5K
Total net assetsLn 32$3.2M
Months of cash on handcomputed99.7

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $3.2M · Operating expenses/yr $157K
247.0 months
Where the money goes
Program services
Program services $131K · Total expenses $157K
84%
Management & General
Management & general $25K · Total expenses $157K
16%
Fundraising
Fundraising $1K · Total expenses $157K
0.7%
Cost to raise $1
Fundraising expense $1K · Solicited contributions $84K
$0.01 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $84K · Total revenue $162K
52%
Government reliance
Government grants — · Total revenue $162K
Earned-income share
Program service revenue $0 · Total revenue $162K
0%
Investment reliance
Investment income $78K · Total revenue $162K
+48%
Program self-sufficiency
Program service revenue $0 · Total expenses $157K
0%
Growth & trend
Revenue growth (YoY)
This year $162K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $3.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $162K · Expenses $157K
+3%
Liabilities-to-Assets
Total liabilities — · Total assets $3.2M
Net-asset ratio
Net assets $3.2M · Total assets $3.2M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $1.9M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $3.2M
60%
People & payroll
Highest Reported Total Compensation
Individual Hh Ratna Vajra Sakya Rinpoche · Reported title CHAIR, SPIRITUAL TEACHER · Highest reported compensation $0 · Total expenses $157K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $157K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 84%
Overhead ratio 16%
Fundraising cost ratio 1%
Investment management fee ratio 0.3%
Accounting fee ratio 5%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$1.0M revenue · ⤓ 990 PDF
FY2023$96K revenue · ⤓ 990 PDF
FY2022$146K revenue · ⤓ 990 PDF
FY2021$220K revenue · ⤓ 990 PDF
FY2020$162K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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