Tibet House Inc
- Assets
- $7.3m
- Revenue
- $4.8m
- Investments
- $0.0
- Employees
- 66
- Location
- New York, NY
- Founding
- 03/1988
- Data as of
- 12/2022
- 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 12/2022, 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 12/2022, Tibet House Inc generated $4.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $4.4m during the year ending 12/2022. While expenses have increased by 7.4% per year over the past 8 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
2022
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.
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 |
Ludwig Kuttner Secretary | OfficerTrustee | 1 | $0 |
Ina Becker Board Member | Trustee | 1 | $0 |
Peter Backman Board Member | Trustee | 1 | $0 |
Annie Christopher Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $23,276 |
| Fundraising events | $270,430 |
| Related organizations | $0 |
| Government grants | $805,883 |
| All other contributions, gifts, grants, and similar amounts not included above | $392,925 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,492,514 |
| Total Program Service Revenue | $3,339,110 |
| Investment income | $10,460 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $14,337 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,461 |
| Net Income from Fundraising Events | -$121,243 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $59,652 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,793,369 |
| 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. | $167,219 |
| Compensation of current officers, directors, key employees. | $13,378 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,420,864 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $292,701 |
| 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 | $526,114 |
| Advertising and promotion | $171,831 |
| Office expenses | $403,869 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $8,538 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $12,339 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $226,017 |
| Insurance | $20,723 |
| All other expenses | $155,835 |
| Total functional expenses | $4,362,066 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $973,114 |
| Savings and temporary cash investments | $1,092,508 |
| 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 | $105,237 |
| Prepaid expenses and deferred charges | $104,115 |
| Net Land, buildings, and equipment | $4,334,650 |
| Investments—publicly traded securities | $718,339 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,327,963 |
| Accounts payable and accrued expenses | $92,557 |
| Grants payable | $0 |
| Deferred revenue | $448,474 |
| 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 | $300,536 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $100,000 |
| Total liabilities | $941,567 |
| Net assets without donor restrictions | $6,386,396 |
| 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 | $7,327,963 |