Nechung Foundation Inc
- Assets
- $680.8k
- Revenue
- $34.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Poughquag, NY
- Founding
- 11/1997
- Data as of
- 12/2021
- EIN
- 13-3898876
Organization Overview
Nechung Foundation Inc is located in Poughquag, NY. The organization was established in 1997. According to its NTEE Classification (Q71) the organization is classified as: International Migration & Refugee Issues, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nechung Foundation 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, Nechung Foundation Inc generated $34.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $34.1k during the year ending 12/2021. While expenses have increased by 9.0% 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
PROMOTION OF TIBETAN BHUDHISM AND CULTURE
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTION OF TIBETAN BHUDHISM AND CULTURE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Babyang Choko Director | Trustee | 2 | $0 |
Venerable Pema Dorjee President | Trustee | 2 | $0 |
Phelgye Kelden Vice President | Trustee | 2 | $0 |
Venerable Thupten Ngodup Director | Trustee | 2 | $0 |
Venerable Tenzin Norphel Lama Director | Trustee | 7 | $0 |
Fnu Sonam Asst Treasurer | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $34,095 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $34,095 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $34,095 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,129 |
| Grants and other assistance to Foreign Orgs/Individuals | $5,000 |
| Benefits paid to or for members | $635 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $1,560 |
| Fees for services: Legal | $1,000 |
| Fees for services: Accounting | $1,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $4,172 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $550 |
| Office expenses | $3,914 |
| Information technology | $1,500 |
| Royalties | $0 |
| Occupancy | $5,480 |
| Travel | $3,845 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $810 |
| All other expenses | $0 |
| Total functional expenses | $34,095 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $88,286 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $30,500 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $561,974 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $680,760 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $680,760 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $680,760 |
| Net assets without donor restrictions | $0 |
| 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 | $680,760 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Nechung Foundation Inc has recieved totaling $6,000.
| Awarding Organization | Amount |
|---|---|
Wood Kalb Foundation New York, NY PURPOSE: AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE | $6,000 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Friends Of Libi Inc Brookline, MA | $727,752 | $4,468,964 |
Refugee & Immigrant Self-Empowerment Inc Syracuse, NY | $2,360,183 | $1,898,946 |
Emergency Usa-Life Support For Civilian Victims Of War And Povert New York, NY | $1,409,511 | $1,616,547 |
Scalabrini International Migration Network New York, NY | $828,232 | $761,966 |
Kashmiri Overseas Association Inc New York, NY | $986,285 | $960,703 |
Humanity Rises Inc Boston, MA | $756,506 | $791,953 |
Kulanu Inc New York, NY | $355,115 | $354,506 |
Chiraj Inc Jersey City, NJ | $121,081 | $363,278 |
Ansaar Of Worcester Inc West Boylston, MA | $243,120 | $346,098 |
Keeping Our Promise Inc Rochester, NY | $867,317 | $1,096,266 |
Burma Border Projects Inc Worcester, MA | $5,104 | $252,541 |
Action For Post-Soviet Jewry Inc Waltham, MA | $199,453 | $198,804 |