Yongey Foundation
- Assets
- $1.6m
- Revenue
- $591.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Steamboat Springs, CO
- Founding
- 05/2003
- Data as of
- 12/2021
- EIN
- 37-1464193
Organization Overview
Yongey Foundation, operating under the name co Glenna Olmsted, is located in Steamboat Springs, CO. The organization was established in 2003. 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. co Glenna Olmsted 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, co Glenna Olmsted generated $591.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.5% each year . All expenses for the organization totaled $68.0k during the year ending 12/2021. 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
PROMOTING, AIDING AND DEVELOPING THE ACTIVITIES OF BUDDHIST RELIGIOUS, EDUCATIONAL, AND CULTURAL INSTITUTIONS, INCLUDING MEDITATION CENTERS,CENTERS FOR RELIGIOUS STUDY, AND MONASTERIES AND ABBEYS IN NORTH AMERICA, ASIA AND THROUGHOUT THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTING MINGYUR RINPOCHE'S ACTIVITIES IN NEPAL AND INDIA - PRIMARILY EDUCATING THE MONKS AND NUNS THROUGHOUT THE REGION
OSEL LING MONASTERY CENTER FOR TRANSFORMATIVE LEARNING
TEGAR BUDDIST RETREAT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Olmsted Officer | Officer | 5 | $0 |
Glenna Olmsted Director | Officer | 20 | $0 |
Ven Mingyu Rinpoche Officer | Officer | 0 | $0 |
Josh Baran Officer | Officer | 0 | $0 |
Edwin Kelley Officer | Officer | 0 | $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 | $276,348 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $276,348 |
| Total Program Service Revenue | $245,000 |
| Investment income | $47,771 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $22,708 |
| 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 | $591,827 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,438 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,527 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $746 |
| 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 | $0 |
| Insurance | $854 |
| All other expenses | $0 |
| Total functional expenses | $67,969 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $684,743 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $873,550 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,558,293 |
| 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 | $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 | $1,558,293 |
| Total liabilities and net assets/fund balances | $1,558,293 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Yongey Foundation has recieved totaling $6,650.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: RELIGION RELATED | $6,650 |
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 |