Pema Chodron Foundation
- Assets
- $8.2m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 7
- Location
- Steamboat Springs, CO
- Founding
- 11/2007
- Data as of
- 12/2021
- EIN
- 20-5958865
Organization Overview
Pema Chodron Foundation is located in Steamboat Springs, CO. The organization was established in 2007. According to its NTEE Classification (X50) the organization is classified as: Buddhism, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Pema Chodron Foundation employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pema Chodron Foundation 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, Pema Chodron Foundation generated $1.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 10.5% 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.
Since 2016, Pema Chodron Foundation has awarded 59 individual grants totaling $2,539,001. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT AND ENCOURAGEMENT OF BUDDHIST MONASTICISM AND THE BUDDHIST TRADITION WORLD-WIDE, AND TO MANIFEST THE BUDDHIST VISION BY PROVIDING SUPPORT AND ASSISTANCE TO COMMUNITY-BASED ORGANIZATIONS THAT SERVE MARGINALIZED POPULATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VARIOUS OTHER PROGRAMS - (SEE SCHEDULES I AND F). IN NORTH AMERICA AND SOUTHEAST ASIA: SUPPORT FOR MONASTERIES AND MONASTICS, INCLUDING NEW CONSTRUCTION; SCHOLARSHIPS FOR EDUCATION; SUPPORT HEALTH PROGRAMS; SUPPORT YOUTH REHABILITATION & TRAINING; PROVIDE BOOKS ON MEDITATION TO PRISONERS AND THE UNDERSERVED; SUPPORT TRANSLATION AND ARCHIVING OF BUDDHIST MASTER'S TEACHINGS.
SHAMBHALA MOUNTAIN CENTER IS A CONTEMPLATIVE RETREAT CENTER IN THE FOOTHILLS OF NORTHERN COLORADO FOUNDED ALMOST 50 YEARS AGO. IN 2020 AND 2021 COVID RESTRICTIONS CAUSED ALMOST ALL OF THE PROGRAMMING TO BE CANCELED AND IN 2020 THE CAMERON PEAK WILDFIRE SWEPT THE LAND CAUSING SUBSTANTIAL DAMAGE. THIS GRANT HELPED TO COVER OPERATING EXPENSES AND FIRE RECOVERY EXPENSES DURING THESE CRISIS YEARS IN ORDER TO INSURE THE SURVIVAL OF THE RETREAT CENTER.
MANGALA SHRI BHUTI IS A BUDDHIST MEDITATION RETREAT CENTER LOCATED IN CRESTONE, COLORADO. THE FOUNDATION'S 2021 GRANT SUPPORTS COMPLETION OF THE CENTER'S EXTENSIVE BUILDING PROJECT TO PROVIDE RETREAT SPACE AND FACILITIES FOR BUDDHIST PRACTITIONERS TO MEET, RECEIVE TEACHINGS, AND PARTICIPATE IN RELIGIOUS CEREMONIES. MANGALA SHRI BHUTI PROVIDES ANNUAL REPORTS ON THE CONSTRUCTION PROGRESS. DURING THE YEAR THE FACILITIES WILL BE INSPECTED BY A BOARD MEMBER TO CONFIRM PROGRESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Glenna Olmsted Foundation Mgr. | Officer | 30 | $40,800 |
Martha Kirkman Secretary | OfficerTrustee | 20 | $26,400 |
Timothy Olmsted President | OfficerTrustee | 10 | $16,500 |
Marjorie Rodgers Vice President | OfficerTrustee | 20 | $11,220 |
Arvo Fallon Director | OfficerTrustee | 20 | $11,220 |
Cathryn Mayer Treasurer | OfficerTrustee | 20 | $5,940 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,029,283 |
| Noncash contributions included in lines 1a–1f | $345,104 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,029,283 |
| Total Program Service Revenue | $740,858 |
| Investment income | $154,596 |
| 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 | $5,442 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,930,179 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $856,068 |
| Grants and other assistance to domestic individuals. | $16,205 |
| Grants and other assistance to Foreign Orgs/Individuals | $232,356 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $106,140 |
| Compensation of current officers, directors, key employees. | $39,690 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,291 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,422 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $232 |
| Fees for services: Accounting | $8,425 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $13,175 |
| Office expenses | $4,189 |
| Information technology | $893 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $6,092 |
| 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 | $1,249 |
| All other expenses | $0 |
| Total functional expenses | $1,271,561 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $681,953 |
| Savings and temporary cash investments | $520,568 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,764 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $16,388 |
| Prepaid expenses and deferred charges | $2,616 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $6,930,491 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $27,047 |
| Total assets | $8,183,827 |
| Accounts payable and accrued expenses | $9,031 |
| Grants payable | $0 |
| Deferred revenue | $205,511 |
| 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 | $214,542 |
| Net assets without donor restrictions | $7,964,231 |
| Net assets with donor restrictions | $5,054 |
| 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 | $8,183,827 |
Grants Awarded
Over the last fiscal year, Pema Chodron Foundation has awarded $781,800 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
Red Feather Lakes, CO PURPOSE: Rebuild after wildfire & COVID shut | $225,000 |
Boulder, CO PURPOSE: Temple Construction | $200,000 |
Los Angeles, CA PURPOSE: Retraining for problem youth | $50,000 |
Boulder, CO PURPOSE: Monastery construction | $50,000 |
Concord, MA PURPOSE: Support impoverished children | $30,000 |
FRIENDS OF SURMANG PURPOSE: Medical clinic & community support | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Pema Chodron Foundation has recieved totaling $3,600.
| Awarding Organization | Amount |
|---|---|
The Iv Fund Folsom, CA PURPOSE: BOOK INITIATIVE | $3,600 |
Endowment Analysis
| Beg. Balance | $6,493,510 |
| Earnings | $963,910 |
| Admin Expense | $70,874 |
| Grants | $456,055 |
| Ending Balance | $6,930,491 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Shambhala Mountain Center Red Feather Lakes, CO | $11,185,691 | $3,073,943 |
Pema Chodron Foundation Steamboat Springs, CO | $8,183,827 | $1,930,179 |
Dharma Ocean Foundation Boulder, CO | $4,440,017 | $463,383 |
Big Mind Inc Salt Lake City, UT | $129,616 | $0 |
Jemez Bodhi Mandala Jemez Springs, NM | $1,035,637 | $224,225 |
Durango Sangha Durango, CO | $1,340,803 | $215,566 |
Better Burma Woodland Park, CO | $28,078 | $204,491 |
Midwest Dharma Wheel Contemplative & Healing Arts Inc Lincoln, NE | $539,170 | $210,516 |
Center For Contemplative Research Crestone, CO | $1,992,034 | $672,648 |
Zen Center Of Denver Denver, CO | $3,073,659 | $104,639 |
Diamond Cutter Classics Sedona, AZ | $168,163 | $303,115 |
Azrd Llc Phoenix, AZ | $49,569 | $0 |