Drepung Gomang Institute
- Assets
- $1.3m
- Revenue
- $419.5k
- Investments
- $0.0
- Employees
- 4
- Location
- Louisville, KY
- Founding
- 06/2002
- Data as of
- 12/2021
- EIN
- 61-1399694
Organization Overview
Drepung Gomang Institute, operating under the name Drepung Gomang Center For Engaging Compassion, is located in Louisville, KY. The organization was established in 2002. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2021, Drepung Gomang Center For Engaging Compassion employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Drepung Gomang Center For Engaging Compassion 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, Drepung Gomang Center For Engaging Compassion generated $419.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (13.1%) each year. All expenses for the organization totaled $376.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (13.8%) per year over the past 6 years. 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
WE ENVISION AN ENLIGHTED, PEACEFUL COMMUNITY TRANSFORMED THROUGH THE WISDOM AND COMPASSION OF TIBETAN BUDDHIST PHILOSOPHY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTING THE LIFE AND WORK OF OUR SISTER ORGANIZATION, THE DREPUNG GOMANG MONASTERY, INCLUDING THE STUDY AND PRACTICE OF TIBETAN BUDDHISM THROUGH TRANSFORMATIVE GUIDED RETREATS, CLASSES, AND TEACHINGS.
TIBETAN CULTURAL PERFORMANCES, CONSISTING OF PRESENTATIONS DONE BY THE MONKS ABOUT TIBETAN CULTURE, TIBETAN BUDDHISM, TIBET OR THE MONASTERY IN GENERAL, AND TIBETAN ART.
PROGRAMS AND CLASSES RELATING TO THE PRACTICE OF MEDITATION, SECULAR ETHICS, INTERFAITH DIALOGUE AND PEACEMAKING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne Walter Director | Officer | 40 | $79,798 |
Maggie Jezreel Assistant Director (prior) | Officer | 40 | $26,996 |
Christine Koenig Treasurer, Director | OfficerTrustee | 5 | $0 |
Sue Mcculloch Vislisel Secretary, Director | OfficerTrustee | 5 | $0 |
Woody Woodruff President, Director | OfficerTrustee | 5 | $0 |
Steve Rauh Vice President, Director | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,975 |
| Fundraising events | $33,338 |
| Related organizations | $0 |
| Government grants | $26,420 |
| All other contributions, gifts, grants, and similar amounts not included above | $319,323 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $382,056 |
| Total Program Service Revenue | $30,621 |
| 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 | -$1,155 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $6,241 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $419,531 |
| 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 | $142,838 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $112,014 |
| Compensation of current officers, directors, key employees. | $32,038 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $23,391 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,234 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,901 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,844 |
| Advertising and promotion | $961 |
| Office expenses | $2,371 |
| Information technology | $3,348 |
| Royalties | $0 |
| Occupancy | $17,809 |
| Travel | $2,432 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $947 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $14,445 |
| Total functional expenses | $375,995 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $208,729 |
| 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 | $1,136,149 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,344,878 |
| 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 | $307 |
| Total liabilities | $307 |
| Net assets without donor restrictions | $1,341,571 |
| Net assets with donor restrictions | $3,000 |
| 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 | $1,344,878 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Drepung Gomang Institute has recieved totaling $5,536.
| Awarding Organization | Amount |
|---|---|
Arthur K Smith Family Foundationinc Solana Beach, CA PURPOSE: GENERAL FUND | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $536 |
Endowment Analysis
| Beg. Balance | $3,000 |
| Ending Balance | $3,000 |
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