Khyentse Foundation EIN 91-2167303

Khyentse Foundation

EIN  91-2167303 Religious organization San Francisco, CA Founded 2001
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 8/14/26 · see original filing: IRS
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Size
$1–10M
What they do
Supports academic study of Buddhism in universities and institutes worldwide, strengthening its recognition as a major philosophy.
Leadership
Thomas Swindell · Treasurer · $60K
Money in and out
$5.4M revenue, $7.3M expenses
Bottom line
93% program efficiency

Supports academic study of Buddhism in universities and institutes worldwide, strengthening its recognition as a major philosophy. For fiscal year 2024 it reported $5.4M in revenue, $7.3M in expenses, and $52.6M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$5.4M
Pt VIII · Ln 12
Total expenses
$7.3M
Pt IX · Ln 25
Net assets
$52.6M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$1.8M
Where spending went · Part IX cols B–D
Program services $0.93 Management & general $0.06 Fundraising $0.00
Program efficiency
93%
of spending reaches programs▼ -1% vs prior filing year
Operating runway
85.2mo
months of highly liquid reserves at operating expense rate▲ +17% vs prior filing year
Surplus margin
-33%
revenue over expenses, this year▼ -731% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$5.4M
FY2024▼ -38%
Expenses
$7.3M
FY2024▼ -13%
Total assets
$52.6M
FY2024▲ +2%
Total liabilities
$545
FY20240%
Total revenue
$5.4M
Pt VIII · Ln 12
Total expenses
$7.3M
Pt IX · Ln 25
Net assets
$52.6M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$1.8M
Total assetsPt X · Ln 16$52.6M
Program-expense ratioPt IX · col B93%
Voting members of governing bodyPt I · Ln 314
Independent voting membersPt I · Ln 413
Mission & Programs · Part III

Where the work happens

3 program services account for $3.8M of program spending, described in the organization's own filed words · FY2024.
01

Education Programs

Support for worldwide education initiatives based on buddhist principles; particularly for programs with a long-term vision for future generations of buddhist students and practitioners through innovations in education systems, especially for the education of children; currently supporting an independent school in upstate new york, and…

$2.4Mprogram expense
02

Academic Development

To expand and support the academic study of buddhism in universities and buddhist institutes around the world. This initiative aims to strengthen the study of buddhism as a major philosophy and world wisdom heritage which will significantly inspire and benefit buddhist study and practice in the long term; significant donation given this…

$881Kprogram expense
03

Text Preservation

Preservation of buddhist text is a fundamental activity of khyentse foundation, which supports the conservation initiatives of many like-minded organizations in order to ensure that the heritage of buddhist wisdom traditions is preserved and made available for generations to come.

$472Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CKhyentse Foundation
EINHdr · item D91-2167303
Principal addressHdr · item CSan Francisco, CA
WebsiteHdr · item Jwww.khyentsefoundation.org
Year of formationHdr · item L2001
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFReligion (X50)
Ruling yearIRS BMFApr 2002

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a14
Independent voting membersPt VI · Ln 1b13
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$60,000Pt VII · Sec A
$48,000Pt VII · Sec A
Boardmember
$47,704Pt VII · Sec A
Boardmember
$0Pt VII · Sec A
$0Pt VII · Sec A
Boardmember
$0Pt VII · Sec A
Boardmember
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A

Thomas Swindell’s $60K as Treasurer is at the 20th percentile of top reported officer pay among 1637 $1–10M religion nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Thomas Swindell$60,000$60,000
Isabel Pedrosa$47,704$45,206$43,110$51,723$45,879$42,500
Stephanie Suter$48,000$46,400
Lynn Hoberg$30,000
Marc Noailles$12,000$12,000$12,000$12,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$3.4M · 62%
Investment income$2.1M · 38%
Contributions & grants62%$3.4M
Investment income38%$2.1M
Total revenueLn 12$5.4M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.93 Management & general $0.06 Fundraising $0.00
Program services93%$6.8M
Management & general6%$467K
Fundraising$26K
Total functional expensesLn 25$7.3M

Balance Sheet

Part X · end of year
CashLn 1$1.8M
Total assetsLn 16$52.6M
Total liabilitiesLn 26$545
Total net assetsLn 32$52.6M
Months of cash on handcomputed2.9

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $51.5M · Operating expenses/yr $7.3M
85.2 months
Where the money goes
Program services
Program services $6.8M · Total expenses $7.3M
93%
Management & General
Management & general $467K · Total expenses $7.3M
6%
Fundraising
Fundraising $26K · Total expenses $7.3M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $46K · Solicited contributions (3-yr avg) $4.2M
$0.01 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $3.4M · Total revenue $5.4M
62%
Government reliance
Government grants — · Total revenue $5.4M
Earned-income share
Program service revenue $0 · Total revenue $5.4M
0%
Investment reliance
Investment income $2.1M · Total revenue $5.4M
+38%
Program self-sufficiency
Program service revenue $0 · Total expenses $7.3M
0%
Growth & trend
Revenue growth (YoY)
This year $5.4M · Prior year $8.8M
-38%
Revenue CAGR
FY2019 $10.4M · FY2024 $5.4M
-12%
Net-asset trend (YoY)
End of year $52.6M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $5.4M · Expenses $7.3M
-33%
Liabilities-to-Assets
Total liabilities — · Total assets $52.6M
Net-asset ratio
Net assets $52.6M · Total assets $52.6M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $48.6M · Other securities (Pt X, ln 12) $1.2M · Total assets (Pt X, ln 16) $52.6M
95%
People & payroll
Highest Reported Total Compensation
Individual Thomas Swindell · Reported title TREASURER · Highest reported compensation $60K · Total expenses $7.3M
1%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $156K · Total expenses $7.3M
2%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 93%
Overhead ratio 6%
Fundraising cost ratio 1%
Revenue growth -38%

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 · FY2025
Total grants receivedfrom 1 funder$12K
Grants paid · 159 grants · $14.0M · 2019–2024
Middle Way SchoolNY · FY2024$699,000
Unitemized GrantFY2024$406,370
Buddhist Digital Resource Center (bdrc)FY2024$220,928
Unitemized GrantFY2024$103,340
Unitemized GrantFY2024$101,000
Middle Way EducationNY · FY2024$95,000
Yale UniversityCT · FY2024$94,807
Naropa UniversityCO · FY2024$50,000
University of WashingtonFY2024$30,000
Unitemized GrantFY2024$26,500
Northwestern UniversityIL · FY2024$25,000
Khyentse FoundationCA · FY2024$16,774
University of Missouri - Kansas CityFY2024$14,444
See all 159 grants →

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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$8.8M revenue · ⤓ 990 PDF
FY2023$4.2M revenue · ⤓ 990 PDF
FY2022$4.1M revenue · ⤓ 990 PDF
FY2021$7.4M revenue · ⤓ 990 PDF
FY2020$10.4M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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