Tibet Center Inc
- Assets
- $884.2k
- Revenue
- $157.7k
- Investments
- $0.0
- Employees
- 2
- Location
- New York, NY
- Founding
- 05/1975
- Data as of
- 12/2022
- EIN
- 13-2872904
Organization Overview
Tibet Center Inc is located in New York, NY. The organization was established in 1975. According to its NTEE Classification (X50) the organization is classified as: Buddhism, under the broad grouping of Religion-Related and related organizations. As of 12/2022, Tibet Center Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tibet Center Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Tibet Center Inc generated $157.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (13.3%) each year. All expenses for the organization totaled $240.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EDUCATIONAL PROGRAMS ABOUT BUDDHISM AND SPIRITUAL TRADITIONS, INCLUDING A FACILITY FOR THE STUDY OF BUDDHISM, TEACHING AND LECTURE, BUDDHIST RETREATS AND RITUALS. PROVIDE MEDITATION CLASSES AND AN ENVIRONMENT FOR STUDY AND REFLECTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE MEDITATION CLASSES AND AN ENVIRONMENT FOR STUDY AND REFLECTION ABOUT BUDDHISM AND SPIRITUAL TRADITIONS AND RITUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Khen R Nicholas Vreeland Director | Officer | 40 | $58,000 |
Anthony Spina Treasurer | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $54,920 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $100,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $154,920 |
| Total Program Service Revenue | $2,109 |
| Investment income | $4 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $699 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $157,732 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $121,008 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,845 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,900 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,235 |
| Advertising and promotion | $1,890 |
| Office expenses | $10,257 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,120 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,871 |
| Insurance | $44,828 |
| All other expenses | $0 |
| Total functional expenses | $240,067 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $91,689 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $19,020 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $773,473 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $884,182 |
| Accounts payable and accrued expenses | $289 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $60,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $15,855 |
| Total liabilities | $76,144 |
| Net assets without donor restrictions | $808,038 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $884,182 |