Science For Monks
- Assets
- $333.5k
- Revenue
- $247.5k
- Investments
- $85.1k
- Employees
- 1
- Location
- Boston, MA
- Founding
- 04/2016
- Data as of
- 12/2022
- EIN
- 47-3217838
Organization Overview
Science For Monks is located in Boston, MA. The organization was established in 2016. According to its NTEE Classification (U99) the organization is classified as: Science & Technology N.E.C., under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Science For Monks 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, Science For Monks generated $247.5k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 62.6% each year . All expenses for the organization totaled $226.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ENGAGE TIBETAN MONASTICS IN SCIENCE AND DIALOGUE, ENCOURAGE AND ENGAGE SCIENCE CENTER LEADERSHIP IN THE TIBETAN MONASTIC COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH INSTITUTES, WORKSHOPS, EXHIBITIONS, CONFERENCES, RESEARCH INVESTIGATIONS, AND MENTORSHIP VISITS, OUR PROGRAMS BRIDGE EASTERN AND WESTERN KNOWLEDGE, BRINGING SCIENCE TO MONASTICS AND BUDDHIST WISDOM TO THE WORLD OF SCIENCE AND TO A GLOBAL AUDIENCE. OUR PROGRAMS INVEST IN THE CAPACITY OF THE TIBETAN MONASTIC COMMUNITY IN INDIA, NEPAL, AND BHUTAN TO DRIVE NEW LEARNING AND SCIENTIFIC INQUIRY. THIS IS THE SIXTH YEAR OF THE ORGANIZATION AND IT IS PROJECTED TO GROW SLOWLY IN THE COMING YEARS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Hogan President | 1 | $0 | |
Bobby Sager Chairman | 1 | $0 | |
Ken Tsunoda Director | 1 | $0 | |
Geshe Lhakdor Director | 1 | $0 | |
Ethan Good Treasurer/secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $245,471 |
| Interest on Savings | $2,005 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $247,476 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $35,885 |
| Pension plans, employee benefits | $2,863 |
| Interest | $0 |
| Taxes | $50 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $63,904 |
| Printing and publications | $0 |
| Other expenses | $14,974 |
| Total operating and administrative expenses | $147,065 |
| Contributions, gifts, grants paid | $79,731 |
| Total expenses and disbursements | $226,796 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $248,381 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $85,123 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $333,504 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Science For Monks has awarded $79,731 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
GYUDMED TANTRIC UNIVERSITY PURPOSE: GENERAL SUPPORT | $5,000 |
THE ANDREW W MELLON FOUNDATION PURPOSE: GENERAL SUPPORT | $28,300 |
LIBRARY OF TIVETAN WORKS AND ARCHIVES PURPOSE: GENERAL SUPPORT | $46,431 |