Karmapa Foundation
- Assets
- $17.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 09/2009
- Data as of
- 12/2021
- EIN
- 20-8670119
Organization Overview
Karmapa Foundation is located in Seattle, WA. The organization was established in 2009. According to its NTEE Classification (X50) the organization is classified as: Buddhism, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Karmapa 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, Karmapa Foundation generated $24.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (38.5%) each year. All expenses for the organization totaled $14.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (48.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATE, PROTECT AND PRESERVE BUDDHIST ARTS AND CULTURE.
Describe the Organization's Program Activity:
Part 3
ORGANIZED AND SPONSORED THE 17TH KARMAPA VISIT TO THE UNITED STATES IN SPRING/SUMMER 2017.
T
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martin Marvet Secretary | 10 | $0 | |
Ricky Arnae President | 10 | $0 | |
Deki Chungyalpa Board Member | 2 | $0 | |
Elsie Walker Board Member | 2 | $0 | |
Carlos Ferreyros Board Member | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,723 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $24,723 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $6,224 |
| Occupancy, rent, utilities, and maintenance | $5,119 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $3,071 |
| Total expenses | $14,414 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $17,811 |
| Other assets | $0 |
| Total assets | $17,811 |
| Total liabilities | $50,000 |
| Net assets or fund balances | -$32,189 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Karmapa Foundation has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Tan Teo Charitable Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
Danang Foundation Corp Jackson Heights, NY PURPOSE: EVENT SPONSOR | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sheng-Yen Lu Foundation Redmond, WA | $13,329,663 | $1,856,075 |
Seattle Meditation Center Mountlake Terrance, WA | $2,480,569 | $886,146 |
Friends Of Cloud Mountain Castle Rock, WA | $2,182,059 | $720,638 |
Center For The Practice Of Zen Buddhist Meditation Sequim, WA | $1,632,156 | $459,776 |
Oregon Meditation Center Portland, OR | $1,627,146 | $324,907 |
Pariyatti Onalaska, WA | $667,319 | $352,710 |
Vietnamese Buddhist Meditation Congregation Renton, WA | $396,049 | $0 |
Northwest Zen Sangha Portland, OR | $5,044,797 | $760,154 |
Khmer Buddhist Society Seattle, WA | $563,332 | $691,313 |
Intermountain Vipassana Association Inc Lava Hot Springs, ID | $1,668,454 | $181,845 |
Vietnamese Buddhist Community Co Lam Temple Seattle, WA | $637,519 | $153,346 |
Buddhist Community Of Oregon Portland, OR | $0 | $148,588 |