Ligmincha International Inc
- Assets
- $3.6m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 37
- Location
- Shipman, VA
- Founding
- 10/2016
- Data as of
- 12/2015
- EIN
- 52-1772036
Organization Overview
Ligmincha International Inc is located in Shipman, VA. The organization was established in 2016. According to its NTEE Classification (X50) the organization is classified as: Buddhism, under the broad grouping of Religion-Related and related organizations. As of 12/2015, Ligmincha International Inc employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ligmincha International Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2015
Describe the Organization's Mission:
Part 3 - Line 1
THE LIGMINCHA INSTITUTE'S MISSION IS TO PROMOTE THE STUDY OT TIBETAN BON CULTURE AND RELIGION BY PROVIDING RETREATS, PRACTICE MATERIALS AND SUPPORT TO BON LAMAS AND MONASTERIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUATIONAL RETREATS: LIGMINCHA INSTITUTE PROVIDES RETREATS OF VARIOUS LENGTHS, FROM 1 TO 21 DAYS, TAUGHT BY BON LAMAS OR SENIOR STUDENTS.
EDUCATIONAL AND PRACTICE MATERIALS: LIGMINCHA INSTITUTE PROVIDES THROUGH OUR BOOKSTORE TRANSLATIONS OF TIBETAN TEXT AND TRANSCRIPTS OF TEACHINGS, AS WELL AS PRACTICE AND RITUAL BOOKS AND OBJECTS.
SUPPORT OF OTHER BON PROJECTS: LIGMINCHA INSTITUTE PROVIDES SUPPORT TO OTHER GROUPS, ORGANIZATIONS AND LAMAS THROUGH DONATIONS AND TEACHING OPPORTUNITIES. EXAMPLES OF GROUPS AND ORGANIZATIONS THAT HAVE RECEIVED OUR SUPPORT ARE CHAMMA LING, LISHU, TSEWANG GURUNG, MEXICAN STUPA AND TRITEN NORBUTSE.
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tenzin Wangyal Founder And | OfficerTrustee | 10 | $43,333 |
Sue Davis-Dill Executive Di | OfficerTrustee | 1 | $35,006 |
He Yongdzin Tenzin Namdak Rinpoche Director Eme | OfficerTrustee | 1 | $0 |
Robert Patzig Board Chair | OfficerTrustee | 30 | $0 |
Gabriel Rocco Board Member | Trustee | 1 | $0 |
Carlos Madero Board Member | Trustee | 1 | $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 | $590,065 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $590,065 |
| Total Program Service Revenue | $498,866 |
| Investment income | $4,444 |
| 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 | $1,093,375 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,276 |
| Grants and other assistance to Foreign Orgs/Individuals | $26,575 |
| 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 | $207,975 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $22,097 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $31,048 |
| Advertising and promotion | $16,174 |
| Office expenses | $0 |
| Information technology | $2,799 |
| Royalties | $0 |
| Occupancy | $45,422 |
| 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 | $64,703 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $797,877 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $961,684 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $36,958 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $58,204 |
| Inventories for sale or use | $41,463 |
| Prepaid expenses and deferred charges | $5,473 |
| Net Land, buildings, and equipment | $2,513,136 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,616,918 |
| Accounts payable and accrued expenses | $19,919 |
| 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 | $2,650 |
| Other liabilities | $63,606 |
| Total liabilities | $86,175 |
| Unrestricted restricted net Assets | $2,744,839 |
| Temporarily restricted net Assets | $785,904 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $3,530,743 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ligmincha International Inc has recieved totaling $197.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $197 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Falun Dafa Association Of Washington Dc Inc Silver Spring, MD | $2,193,898 | $2,904,846 |
Ligmincha International Inc Shipman, VA | $3,616,918 | $1,093,375 |
Heartwood Refuge Hendersonville, NC | $2,013,186 | $309,824 |
Southern Dharma Retreat Center Inc Hot Springs, NC | $1,396,796 | $438,249 |
Won Buddhism Of The Usa Inc Rockville, MD | $2,656,575 | $337,112 |
Unified Buddhist Church Endowment Ellicott City, MD | $1,746,578 | $82,522 |
Auspicious Cloud Buddhist Mediation Association Haymarket, VA | $932,455 | $496,388 |
Wat Nirodharangsee Stanardsville, VA | $538,982 | $778,371 |
Temple Of Peace And Virtue Bradyville, TN | $259,258 | $280,656 |
Vietnamese Buddhist Association Centreville, VA | $399,290 | $233,873 |
Hoa Nghiem Pagoda Fort Belvoir, VA | $2,388,683 | $322,261 |
Benevolent Buddhist Temple Inc Bethesda, MD | $1,194,465 | $1,163,582 |