Sachen Foundation FY2020 filing

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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, FY2020. 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.
84¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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
84%
of spending
84% of spending went to programs.
Pt IX · Ln 25 · col B
99.7 mo
of spending, in cash
Plus $1.9M in investments, Pt X · Ln 11–13
99.7 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
$5K
0.2% of total assets
Liabilities are 0.2% of assets.
Pt X · Ln 26
Independent board members
13
of 13 voting members
13 of 13 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$162K
Spent
$157K
To programs
84%
Net assets
$3.2M
By yearFY2020–FY2024
Revenue
$162K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$162K
FY2021$220K
FY2022$146K
FY2023$96K
FY2024$1.0M
Expenses
$157K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$157K
FY2021$762K
FY2022$177K
FY2023$160K
FY2024$136K
Net assets
$3.2M
FY2020
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 FY2020 Form 990 · figures checked against the IRS filing · see the original

You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

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

84 cents of each dollar spent went to programs.

Program services 84% · $131K Management & general 16% · $25K Fundraising 1% · $1K

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

13 people listed on the 990.

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
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.

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1 program · $128K · in their 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.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 91-1925472) · Dispute this line
$128Kprogram 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 FY2020 990, line by line.

1The main four
Money inPt VIII
$162K
Ln 12
Gifts and grantsLn 1h$84K
Investment incomeLn 3$78K
Money outPt IX
$157K
Ln 25
Programscol B$131K
Managementcol C$25K
Fundraisingcol D$1K
Owns and owesPt X
$3.2M
net assets · Ln 32
Cash and savingsLn 1–2$1.3M
Total assetsLn 16$3.2M
LiabilitiesLn 26$5K
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$84K
Investment incomeLn 3$78K
Gains on assetsLn 7$27K
Total revenueLn 12$162K
Assets in detailPt X, end of year
CashLn 1$136K
SavingsLn 2$1.2M
Cash and savings togetherLn 1–2$1.3M
InvestmentsLn 11–13$1.9M
Total assetsLn 16$3.2M
LiabilitiesLn 26$5K
Net assetsLn 32$3.2M
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$75K
Investment feesPt IX, Sch D
Investment fees, as reportedPt IX 11f$9K
Share of the $650K endowmentSch D 1g1.4%
Typical, median of 2,202 orgs0.44%
EndowmentSch D · Pt V
LineFY20FY19FY18FY17FY16
End of yearLn 1g$650K$686K$719K$716K$712K
AddedLn 1b$712K
SpentLn 1d–1f$43K$53K$10K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$2.4M$1.3M
InvestmentsLn 11–13$1.9M
Total assetsLn 16$3.0M$3.2M
LiabilitiesLn 26$0$5K
Net assetsLn 32$3.0M$3.2M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$53K$53K
Grants and assistance to foreign recipientsLn 3$75K$75K
Accounting feesLn 11c$8K$8K
Investment management feesLn 11f$9K$9K
Other fees for servicesLn 11g$825$825
Office expensesLn 13$55$55
TravelLn 17$3K$3K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$6K$5K$988
All other expensesLn 24e$458$358$100
Total functional expensesLn 25$157K$131K$25K$1K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled 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
FY2020 ViewingFiled with the IRS Apr 14, 2021 $162K$157K$5K$3.2M 990 PDF

Schedules filed Part IV

A · Public support D · Assets and endowments F · Foreign I · Grants O · Explanations
See the full FY2020 990
Part I · Summary $162,046 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,968,117$83,999
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $32,481$78,047
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $2,000,598$162,046
I-13 Grants and similar amounts paidPrior year $97,333$128,038
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 $14,287$28,638
I-18 Total expensesPrior year $111,620$156,676
I-19 Revenue less expensesPrior year $1,888,978$5,370
Part VI · Governance 13 of 13 board members independent, 3 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
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 $162,046 across 5 lines filed
VIII-1f All other contributions, gifts and grants$83,999
VIII-1h Total contributions, gifts and grants$83,999
VIII-3 Investment incomeExcluded from tax $50,710$50,710
VIII-7 Net gain or loss on sales of assetsExcluded from tax $27,337$27,337
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $78,047$162,046
Part IX · Statement of functional expenses $156,676 across 10 lines filed
IX-1 Grants to domestic organizationsPrograms $53,038$53,038
IX-3 Grants and assistance to foreign recipientsPrograms $75,000$75,000
IX-11c Accounting feesManagement $8,369$8,369
IX-11f Investment management feesManagement $9,035$9,035
IX-11g Other fees for servicesManagement $825$825
IX-13 Office expensesManagement $55$55
IX-17 TravelPrograms $2,810$2,810
IX-23 InsuranceManagement $1,585$1,585
IX-24 Other expenses (24a–d)Management $4,513 · Fundraising $988$5,501
IX-24e All other expensesManagement $358 · Fundraising $100$458
IX-25 Total functional expensesPrograms $130,848 · Management $24,740 · Fundraising $1,088$156,676
Part X · Balance sheet $3,224,485 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $190,071$136,240
X-2 Savings and temporary cash investmentsStart of year $2,208,305$1,166,108
X-11 Publicly traded securities$1,922,137
X-15 Other assetsStart of year $6,290$0
X-16 Total assetsStart of year $2,974,666$3,224,485
X-17 Accounts payable and accrued expenses$5,250
X-26 Total liabilitiesStart of year $0$5,250
X-27 Net assets without donor restrictionsStart of year $2,974,666$3,219,235
X-32 Total net assets or fund balancesStart of year $2,974,666$3,219,235
X-33 Total liabilities and net assetsStart of year $2,974,666$3,224,485
Part XI · Reconciliation of net assets $3,219,235 net assets at year end
XI-1 Total revenue$162,046
XI-2 Total expenses$156,676
XI-3 Revenue less expenses$5,370
XI-4 Net assets at start of year$2,974,666
XI-5 Net unrealized gains (losses) on investments$239,199
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,219,235

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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