Tibetan American Foundation Of Minnesota Inc
- Assets
- $2.1m
- Revenue
- $370.4k
- Investments
- $0.0
- Employees
- 26
- Location
- St Paul, MN
- Founding
- 07/1992
- Data as of
- 12/2021
- EIN
- 41-1721381
Organization Overview
Tibetan American Foundation Of Minnesota Inc is located in St Paul, MN. The organization was established in 1992. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Tibetan American Foundation Of Minnesota Inc employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tibetan American Foundation Of Minnesota 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, Tibetan American Foundation Of Minnesota Inc generated $370.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $287.2k during the year ending 12/2021. While expenses have increased by 1.9% 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
TO IMPROVE THE QUALITY OF LIFE OF THE TIBETAN COMMUNITY IN MINNESOTA; TO PRESERVE TIBETAN CULTURAL, EDUCATIONAL & RELIGIOUS TRADITIONS; & TO PRESERVE & PROMOTE THE VALUES OF THE UNIQUE TIBETAN CULTURAL HERITAGE UNDER THE AUSPICES OF HIS HOLINESS THE DALAI LAMA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TIBETAN CULTURAL CENTER: THE CENTER IS A PLACE WHERE TIBETANS CAN PRESERVE THEIR TRADITIONAL VALUES & CULTURAL HERITAGE.
EDUCATIONAL & CULTURAL OUTREACH: THE ORGANIZATION SPONSORS PROGRAMS ABOUT THE HISTORY & CULTURE OF TIBET. EXAMPLES INCLUDE DANCE & MUSIC PROGRAMS, FILM FESTIVALS, LECTURES & FORUMS. THE ORGANIZATION ALSO HAS A LENDING LIBRARY OF BOOKS & VIDEOS.
TIBETAN CULTURAL SCHOOL: THE TIBETAN CULTURAL SCHOOL OPENED IN JULY OF 1997. A STAFF OF TIBETANS TEACHES CHILDREN HOW TO READ & WRITE THE TIBETAN LANGUAGE AS WELL AS LESSONS IN HISTORY & CULTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ngawang Chime President | OfficerTrustee | 2 | $0 |
Ngwang Dolker Dir/president | OfficerTrustee | 2 | $0 |
Samten Chodon Vp/secretary | OfficerTrustee | 2 | $0 |
Karma Gangkhar Vice President | OfficerTrustee | 2 | $0 |
Tenzing Sherap Secretary | OfficerTrustee | 2 | $0 |
Jigme Gorap Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $25,442 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $89,574 |
| All other contributions, gifts, grants, and similar amounts not included above | $138,645 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $253,661 |
| Total Program Service Revenue | $91,998 |
| Investment income | $1,180 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $16,169 |
| Net Gain/Loss on Asset Sales | $6,709 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $370,417 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $22,426 |
| Grants and other assistance to domestic individuals. | $1,000 |
| 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 | $76,387 |
| Payroll taxes | $5,935 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,304 |
| 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 | $7,408 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $71,604 |
| Travel | $1,435 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $47 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $44,205 |
| Insurance | $12,349 |
| All other expenses | $0 |
| Total functional expenses | $287,155 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $89,909 |
| Savings and temporary cash investments | $475,148 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,113 |
| 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 | $1,465,636 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,050,806 |
| Accounts payable and accrued expenses | $7,103 |
| 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 | $10,000 |
| Other liabilities | $72,381 |
| Total liabilities | $89,484 |
| Net assets without donor restrictions | $1,869,534 |
| Net assets with donor restrictions | $91,788 |
| 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 | $2,050,806 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Tibetan American Foundation Of Minnesota Inc has recieved totaling $30,510.
| Awarding Organization | Amount |
|---|---|
Minnesota Council On Foundations Minneapolis, MN PURPOSE: COVID Grant | $30,510 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Great Lakes Inter-Tribal Council Inc Lac Du Flambeau, WI | $2,692,230 | $12,711,243 |
American Swedish Institute Minneapolis, MN | $53,674,080 | $22,744,075 |
First Peoples Fund Rapid City, SD | $11,478,942 | $11,058,456 |
Coalition Of Asian American Leaders St Paul, MN | $4,205,998 | $3,284,074 |
National Native American Boarding School Healing Coalition Minneapolis, MN | $8,382,833 | $1,366,565 |
Black Hills Badlands & Lakes Association Rapid City, SD | $1,241,083 | $1,774,171 |
The Germanic-American Institute St Paul, MN | $1,003,743 | $1,467,088 |
Blackhawks Of St Paul St Paul, MN | $194,784 | $1,434,871 |
Native American Community Development Institute Minneapolis, MN | $2,572,714 | $2,143,377 |
Siouxland Expo Center Sioux City, IA | $20,203,719 | $764,942 |
Pella Historical Society Pella, IA | $6,258,526 | $1,077,939 |
Ka Joog Non Profit Organization Minneapolis, MN | $518,800 | $1,454,173 |