Sachen Foundation FY2023 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, FY2023. 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.
85¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
85%
of spending
85% of spending went to programs.
Pt IX · Ln 25 · col B
8.7 mo
of spending, in cash
Plus $2.4M in investments, Pt X · Ln 11–13
8.7 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
$32K
1% of total assets
Liabilities are 1% 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
$96K
-34% vs prior year
Spent
$160K
To programs
85%
Net assets
$2.5M
By yearFY2020–FY2024
Revenue
$96K
FY2023▼ -34%
Tap a bar for its year
Revenue by fiscal year
FY2020$162K
FY2021$220K
FY2022$146K
FY2023$96K
FY2024$1.0M
Expenses
$160K
FY2023▼ -10%
Tap a bar for its year
Expenses by fiscal year
FY2020$157K
FY2021$762K
FY2022$177K
FY2023$160K
FY2024$136K
Net assets
$2.5M
FY2023▲ +12%
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 FY2023 Form 990 · figures checked against the IRS filing · see the original

You’re viewing the FY2023 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

85 cents of each dollar spent went to programs.

Program services 85% · $135K Management & general 15% · $24K Fundraising 0% · $566

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
$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.

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1 program · $135K · in their own filed words · FY2023
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, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 91-1925472) · Dispute this line
$135Kprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$96K
Ln 12
Investment incomeLn 3$89K
Gifts and grantsLn 1h$80K
Money outPt IX
$160K
Ln 25
Programscol B$135K
Managementcol C$24K
Fundraisingcol D$566
Owns and owesPt X
$2.5M
net assets · Ln 32
Cash and savingsLn 1–2$116K
Total assetsLn 16$2.6M
LiabilitiesLn 26$32K
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$80K
Investment incomeLn 3$89K
Gains on assetsLn 7−$73K
Total revenueLn 12$96K
Assets in detailPt X, end of year
CashLn 1$30K
SavingsLn 2$86K
Cash and savings togetherLn 1–2$116K
Prepaid expenses and deferred chargesLn 9$4K
InvestmentsLn 11–13$2.4M
Total assetsLn 16$2.6M
LiabilitiesLn 26$32K
Net assetsLn 32$2.5M
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$107K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$179K$116K
InvestmentsLn 11–13$2.1M$2.4M
Total assetsLn 16$2.3M$2.6M
LiabilitiesLn 26$29K$32K
Net assetsLn 32$2.3M$2.5M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$4K$4K
Grants to domestic individualsLn 2$17K$17K
Grants and assistance to foreign recipientsLn 3$111K$111K
Accounting feesLn 11c$7K$7K
Investment management feesLn 11f$12K$12K
Other fees for servicesLn 11g$845$845
Information technologyLn 14$160$160
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$6K$3K$2K$566
Total functional expensesLn 25$160K$135K$24K$566

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Oct 7, 2025 $1.0M$136K$892K$3.6M 990 PDF
FY2023 ViewingFiled 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 FY2023 990
Part I · Summary $95,871 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $81,262$80,084
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $64,612$15,787
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $145,874$95,871
I-13 Grants and similar amounts paidPrior year $139,826$131,654
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 $37,222$27,951
I-18 Total expensesPrior year $177,048$159,605
I-19 Revenue less expensesPrior year −$31,174−$63,734
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 $95,871 across 5 lines filed
VIII-1f All other contributions, gifts and grants$80,084
VIII-1h Total contributions, gifts and grants$80,084
VIII-3 Investment incomeExcluded from tax $88,714$88,714
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$72,927−$72,927
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $15,787$95,871
Part IX · Statement of functional expenses $159,605 across 9 lines filed
IX-1 Grants to domestic organizationsPrograms $4,338$4,338
IX-2 Grants to domestic individualsPrograms $16,608$16,608
IX-3 Grants and assistance to foreign recipientsPrograms $110,708$110,708
IX-11c Accounting feesManagement $7,150$7,150
IX-11f Investment management feesManagement $11,820$11,820
IX-11g Other fees for servicesManagement $845$845
IX-14 Information technologyManagement $160$160
IX-23 InsuranceManagement $1,804$1,804
IX-24 Other expenses (24a–d)Programs $3,242 · Management $2,364 · Fundraising $566$6,172
IX-25 Total functional expensesPrograms $134,896 · Management $24,143 · Fundraising $566$159,605
Part X · Balance sheet $2,561,896 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $74,940$29,973
X-2 Savings and temporary cash investmentsStart of year $103,617$85,650
X-9 Prepaid expenses and deferred chargesStart of year $4,000$3,662
X-11 Publicly traded securitiesStart of year $2,100,217$2,442,611
X-16 Total assetsStart of year $2,282,774$2,561,896
X-17 Accounts payable and accrued expensesStart of year $5,292$5,764
X-18 Grants payableStart of year $23,544$26,044
X-26 Total liabilitiesStart of year $28,836$31,808
X-27 Net assets without donor restrictionsStart of year $2,253,938$2,530,088
X-32 Total net assets or fund balancesStart of year $2,253,938$2,530,088
X-33 Total liabilities and net assetsStart of year $2,282,774$2,561,896
Part XI · Reconciliation of net assets $2,530,088 net assets at year end
XI-1 Total revenue$95,871
XI-2 Total expenses$159,605
XI-3 Revenue less expenses−$63,734
XI-4 Net assets at start of year$2,253,938
XI-5 Net unrealized gains (losses) on investments$339,884
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,530,088

Form 990 e-file FY2023 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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