Kunzang Gatshal Foundation
- Assets
- $4.4m
- Revenue
- $249.6k
- Investments
- $0.0
- Employees
- 4
- Location
- Delhi, NY
- Founding
- 01/2011
- Data as of
- 12/2022
- EIN
- 27-3218630
Organization Overview
Kunzang Gatshal Foundation is located in Delhi, NY. The organization was established in 2011. According to its NTEE Classification (X50) the organization is classified as: Buddhism, under the broad grouping of Religion-Related and related organizations. As of 12/2022, Kunzang Gatshal Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kunzang Gatshal 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 12/2022, Kunzang Gatshal Foundation generated $249.6k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $270.8k during the year ending 12/2022. 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
THE KUNZANG GATSHAL FOUNDATION IS A TRADITIONAL TIBETAN BUDDHIST CHURCH. THE FOUNDATION SUPPORTS THE CONTINUATION OF TRADITIONAL FORMS OF WORSHIP PRACTICED IN BUDDHISM IN GENERAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF THE KUNGZANG GATSHAL FOUNDATION SHALL BE TO SUPPORT THE TEACHING AND PRACTICE OF, AND TO PROMOTE AN EXPANDED AWARENESS OF, THE DUDJOM TERSAR LINEAGE OF THE NYINGMA SECT OF TIBETAN BUDDHISM. THE FOUNDATION SHALL BE DEDICATED TO PROVIDING A PEACEFUL AND EXPANSIVE RETREAT, A PHYSICAL AND SPIRITUAL ENVIRONMENT, AND A SANCTUARY IN WHICH TEACHERS AND STUDENTS CAN ENGAGE IN CONTEMPLATIVE PRACTICE AND REFLECTIVE MEDITATION. THE CLASS OF PERSONS AND INSTITUTIONS WHICH SHALL BE THE PRIMARY BENEFICIARIES OF THE FOUNDATION SHALL BE THOSE TEACHERS AND PRACTITIONERS OF, OR THOSE WHO ASPIRE TO, TEACH OR PRACTICE THE LESSONS OF THE DUDJOM TERSAR LINEAGE.
THE WHITE LOTUS SCHOOL WAS ESTABLISHED BY KYABJE THINLEY NORBU RINPOCHE IN 1997 TO PROVIDE AN EDUCATION TO SELECT STUDENTS IN THE DUDJOM TERSAR TRADITIONS OF THE TIBETAN BUDDHIST NYINGMA SECT. THE SCHOOL FOLLOWS SPECIFIC TRAINING AND INSTRUCTIONS THAT PRESERVE THE TRADITIONS OF THIS LINEAGE IN THE STUDY OF BUDDHISM IN GENERAL, EMPHASIZING THE STUDY OF THE TIBETAN LANGUAGE, THE BUDDHIST RELIGION, AND THE TRADITIONS OF BUDDHIST MUSICAL INSTRUMENTATION, DANCE, TRAINING IN THE RITUALS OF SPIRITUAL PRACTICES, PHILOSOPHY, AND EXTENSIVE SCRIPTURAL STUDY, AS WELL AS PROVIDING A GENERAL WESTERN EDUCATION IN THE ENGLISH LANGUAGE IN ACCORD WITH NEW YORK STATE GUIDELINES. ALL STUDENTS ALSO LEARN HOW TO SPEAK, READ, AND WRITE IN CHINESE. THERE IS AN EMPHASIS ON EXPRESSIVE WRITING, GRAMMAR, AND TRANSLATION. THE SCHOOL CURRENTLY HAS SEVENTEEN STUDENTS IN RESIDENCE.
THROMA RETREAT - 7 DAY RETREAT WHICH IS BASED ON THE THROMA NGONDRO PRACTICE OF DUDJOM LINGAPA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yeshe Palzom Trustee | Trustee | 10 | $0 |
Pema Chokyi Trustee | Trustee | 10 | $0 |
Patricia Roddy Executive Direc | Officer | 20 | $0 |
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 | $240,280 |
| Noncash contributions included in lines 1a–1f | $4,882 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $240,280 |
| Total Program Service Revenue | $9,300 |
| 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 | $249,580 |
| 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 | $14,400 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,345 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,725 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $752 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $104,250 |
| Insurance | $5,973 |
| All other expenses | $37,002 |
| Total functional expenses | $270,841 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,126,584 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,012 |
| 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 | $13,933 |
| Net Land, buildings, and equipment | $3,231,314 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,373,843 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $4,373,843 |
| 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 | $4,373,843 |