Bon Foundation FY2021 filing

Tax-deductible

Corning, NY501(c)(3)EIN 95-4275835

To promote and raise funds for the preservation and advancement of the tibetan bon culture and history.

501(c)(3) charity; gifts are tax-deductible.
97¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $13K a year · 27% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
13 mo
of spending, in cash
Looks good: 12.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $112
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$67K
+21% vs prior year
Spent
$55K
To programs
97%
Net assets
$58K
By yearFY2020–FY2024
Revenue
$67K
FY2021▲ +21%
Revenue by fiscal year
FY2020$55K
FY2021$67K
FY2022$44K
FY2023$40K
FY2024$40K
Expenses
$55K
FY2021▲ +39%
Expenses by fiscal year
FY2020$40K
FY2021$55K
FY2022$19K
FY2023$62K
FY2024$5K
Net assets
$58K
FY2021▲ +2%
Net assets by fiscal year
FY2020$57K
FY2021$58K
FY2022$83K
FY2023$60K
FY2024$95K

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 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 Sep 1990.

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

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $53K Management & general 3% · $2K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Bon Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Preserves and advances Tibetan Bon culture and history through promotion and fundraising.

Provided by the organization

This section is blank until Bon Foundation claims this page.

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3 program services account for $53K of program spending, described in the organization's own filed words · FY2021.
01

Childrens welfare

$28Kprogram expense
02

Special projects

$22Kprogram expense
03

General welfare

$3Kprogram expense

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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 1 funder$112
Grants paid · 5 grants · $106K · 2021–2023
Special ProjectsFY2023$22,105
General WelfareFY2023$21,314
Childrens WelfareFY2023$12,752
Childrens WelfareFY2021$27,852
Special ProjectsFY2021$21,831

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$67K
Ln 12
Gifts and grantsLn 1h$67K
Money outPt IX
$55K
Ln 25
Programscol B$53K
Managementcol C$2K
Owns and owesPt X
$58K
net assets · Ln 32
Cash and savingsLn 1–2$58K
Total assetsLn 16$58K
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$67K
Total revenueLn 12$67K
Assets in detailPt X, end of year
CashLn 1$52K
SavingsLn 2$5K
Cash and savings togetherLn 1–2$58K
Total assetsLn 16$58K
LiabilitiesLn 26$0
Net assetsLn 32$58K
OperationsPt I, VI
EmployeesI 50
VolunteersI 614
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$57K$58K
Total assetsLn 16$57K$58K
LiabilitiesLn 26$0$0
Net assetsLn 32$57K$58K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$53K$53K
Accounting feesLn 11c$750$750
Office expensesLn 13$395$395
Other expenses (24a–d)Ln 24$924$336$588
Total functional expensesLn 25$55K$53K$2K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $40K$5K$35K$95K 990 PDF
FY2023 $40K$62K−$22K$60K 990 PDF
FY2022 $44K$19K$25K$83K 990 PDF
FY2021 Viewing $67K$55K$12K$58K 990 PDF
FY2020 $55K$40K$16K$57K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $66,990 across 3 lines filed
VIII-1f All other contributions, gifts and grants$66,990
VIII-1h Total contributions, gifts and grants$66,990
VIII-12 Total revenue$66,990
Part IX · Statement of functional expenses $55,090 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $53,021$53,021
IX-11c Accounting feesManagement $750$750
IX-13 Office expensesManagement $395$395
IX-24 Other expenses (24a–d)Programs $336 · Management $588$924
IX-25 Total functional expensesPrograms $53,357 · Management $1,733 · Fundraising $0$55,090
Part X · Balance sheet $57,897 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $51,205$52,402
X-2 Savings and temporary cash investmentsStart of year $5,489$5,495
X-16 Total assetsStart of year $56,694$57,897
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $56,694$57,897
X-33 Total liabilities and net assetsStart of year $56,694$57,897
Part XI · Reconciliation of net assets $57,897 net assets at year end
XI-1 Total revenue$66,990
XI-2 Total expenses$55,090
XI-3 Revenue less expenses$11,900
XI-4 Net assets at start of year$56,694
XI-9 Other changes in net assets−$10,697
XI-10 Net assets at end of year$57,897

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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