Chokhor Gepel Ling
- Assets
- $1.2m
- Revenue
- $63.5k
- Investments
- $0.0
- Employees
- 3
- Location
- Los Angeles, CA
- Founding
- 12/2006
- Data as of
- 12/2022
- EIN
- 71-1011711
Organization Overview
Chokhor Gepel Ling is located in Los Angeles, CA. The organization was established in 2006. According to its NTEE Classification (X50) the organization is classified as: Buddhism, under the broad grouping of Religion-Related and related organizations. As of 12/2022, Chokhor Gepel Ling employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chokhor Gepel Ling 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, Chokhor Gepel Ling generated $63.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (10.4%) each year. All expenses for the organization totaled $38.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (16.5%) per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TIBETAN BUDDHIST CENTER
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPECIFIC PURPOSE OF THE ORGANIZATION IS TO FORM AND OPERATE A TIBETAN BUDDHIST CENTER AS A PLACE OF PRAYER AND EDUCATION OF BUDDHIST RELIGION, PRACTICES AND PHILOSOPHY, TO SUPPORT OUR AFFILIATED MONASTERY, AND TO PROMOTE AWARENESS ABOUT TIBETAN CULTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thupten Talku Exec Dir/pre | Officer | 40 | $4,800 |
Steve Edwards Treasurer | Officer | 2 | $0 |
Diana Simons Secretary | Officer | 40 | $6,000 |
Lobsang Yarphel Vice-Preside | Officer | 40 | $4,800 |
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 | $63,530 |
| Noncash contributions included in lines 1a–1f | $3,374 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $63,530 |
| Total Program Service Revenue | $0 |
| Investment income | $1 |
| 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 | $63,531 |
| 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 | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $15,600 |
| Compensation of current officers, directors, key employees. | $6,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,193 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $540 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $699 |
| Advertising and promotion | $0 |
| Office expenses | $2,810 |
| Information technology | $2,065 |
| Royalties | $0 |
| Occupancy | $7,999 |
| Travel | $2,119 |
| 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 | $5,000 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $38,614 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $89,299 |
| 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 | $1,084,375 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,173,674 |
| 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 | $624 |
| Total liabilities | $624 |
| Net assets without donor restrictions | $1,173,050 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,173,674 |
Grants Awarded
Over the last fiscal year, Chokhor Gepel Ling has awarded $40,034 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NAMGYAL MONASTERYAT D KHOR CHOE LING PURPOSE: TO FURTHER ITS CAUSE | $10,000 |
NAMGYAL MONASTERYAT D KHOR CHOE LING PURPOSE: TO FURTHER ITS CAUSE | $30,034 |