Tibet House Inc
- Assets
- $7.4m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 66
- Location
- New York, NY
- Founding
- 03/1988
- Data as of
- 12/2021
- EIN
- 13-3438221
Organization Overview
Tibet House Inc is located in New York, NY. The organization was established in 1988. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Tibet House Inc employed 66 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tibet House 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 12/2021, Tibet House Inc generated $3.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $3.3m during the year ending 12/2021. While expenses have increased by 4.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AWARENESS OF TIBET AND TIBETAN POLITICAL, SOCIAL, ECONOMIC AND CULTURE STRUCTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PRESENT AND PROMOTE TIBETAN CULTURAL HERITAGE TO A WESTERN AUDIENCEMENLA PROGRAMS: RETREATS, WORKSHOPS AND SPA TREATMENTS PROMOTED BY TIBET HOUSE US, CO-SPONSORED WORKSHOPS, RETREATS AT TIBET HOUSE OWNED MENLA RETREAT AND RESORT TO OFFER PROGRAMMING IN SPIRITUAL DEVELOPMENT, TIBETAN ARTS AND CULTURE, WELLNESS LIFESTYLE AND MORE.PUBLICATIONS: TRANSLATIONS OF MAJOR TIBETAN SCHOLARLY BUDDHIST TEXTS FROM TIBETAN INTO ENGLISH, AS WELL AS FICTION AND NON-FICTION PUBLICATIONS ON THE LIFE OF HIS HOLINESS THE DALAI LAMA, AND OTHER MAJOR FIGURES IN TIBETAN BUDDHIST CULTURAL HISTORY.TIBET HOUSE PROGRAMS: EDUCATIONAL PROGRAMS ADDRESSING DIVERSE TOPICS OF TIBETAN BUDDHISM, ART & CULTURE, MEDITATION AND CERTIFICATION PROGRAMS. CONFERENCES, ONLINE AND IN PERSON HIGHLIGHTING THE TEACHINGS OF HIS HOLINESS THE DALAI LAMA, AS WELL AS MEMBERS OF THE ACADEMIC, SCIENTIFIC, AND ACTIVIST COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Thurman President | OfficerTrustee | 1 | $0 |
Philip Glass Vice President | OfficerTrustee | 1 | $0 |
Beata Tikos Treasurer | OfficerTrustee | 1 | $0 |
Ludwig Kuttner Secretary | Trustee | 1 | $0 |
Peter Backman Board Member | Trustee | 1 | $0 |
Geshe Damdul Namgyal Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $31,611 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $349,283 |
| All other contributions, gifts, grants, and similar amounts not included above | $580,093 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $960,987 |
| Total Program Service Revenue | $2,220,368 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $552 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $496,432 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,678,339 |
| 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 | $1,077,550 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $124,040 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $472,219 |
| Advertising and promotion | $144,783 |
| Office expenses | $299,477 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,192 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $12,587 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $65,309 |
| All other expenses | $224,429 |
| Total functional expenses | $3,301,318 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,191,183 |
| Savings and temporary cash investments | $432,574 |
| Pledges and grants receivable | $13,829 |
| 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 | $172,970 |
| Prepaid expenses and deferred charges | $72,291 |
| Net Land, buildings, and equipment | $4,686,659 |
| Investments—publicly traded securities | $809,396 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,378,902 |
| Accounts payable and accrued expenses | $134,157 |
| Grants payable | $0 |
| Deferred revenue | $204,417 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $312,968 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $353,000 |
| Total liabilities | $1,004,542 |
| Net assets without donor restrictions | $6,374,360 |
| 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 | $7,378,902 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Tibet House Inc has recieved totaling $58,890.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $20,496 |
Vermont Community Foundation Middlebury, VT PURPOSE: GENERAL PURPOSE | $20,000 |
William Kistler Charitable Fund New York, NY PURPOSE: GENERAL FUND | $18,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $394 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Japan Society Inc New York, NY | $91,776,832 | $10,515,982 |
Kutztown University Foundation Kutztown, PA | $74,779,996 | $14,561,087 |
French Institute-Alliance Francaise New York, NY | $24,965,114 | $8,095,199 |
Center For Jewish History Inc New York, NY | $52,466,984 | $9,804,079 |
Japanese Childrens Society Inc Englewood Cliffs, NJ | $6,760,346 | $7,633,011 |
National Yiddish Book Center Inc Amherst, MA | $63,979,400 | $12,290,218 |
Hispanic Society Of America New York, NY | $100,790,486 | $5,124,176 |
Columbus Citizens Foundation Inc New York, NY | $32,932,983 | $6,043,809 |
Swiss Institute New York, NY | $5,483,468 | $4,486,430 |
Greater Philadelphia Falun Dafa Association Philadelphia, PA | $1,063,316 | $4,579,656 |
The Workmens Circle Arbeter Ring Incorporated New York, NY | $40,155,204 | $3,248,855 |
An Claidheamh Soluis Inc New York, NY | $72,072,476 | $13,153,865 |