Totals
- Total revenue
- $4,999,142
- Total expenses
- $4,901,670
- Contributions and grants received
- $4,918,256
- Grants paid
- $3,748,169
- Program service revenue
- $0
- Investment income
- $64,619
- Other revenue
- $16,267
- Total assets, end of year
- $6,019,468
- Total liabilities, end of year
- $131,615
- Net assets or fund balances, end of year
- $5,887,853
- Program services expenses (Part IX)
- $4,328,495
- Management and general expenses
- $327,893
- Fundraising expenses
- $245,282
- Program service expenses (Part III)
- $4,156,655
Program services were 88.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$629,342
-
1f · All other contributions, gifts and grants
$4,288,914
-
3 · Investment income
total $64,619 · related or exempt $64,619
-
11a · Other revenue: Miscellaneous Income
total $16,267 · related or exempt $16,267
-
11e · Other revenue, total
$16,267
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $384 · program services $384
-
3 · Grants to foreign organizations and individuals
total $3,747,785 · program services $3,747,785
-
5 · Compensation of officers, directors and key employees
total $149,154 · program services $74,577 · management and general $14,915 · fundraising $59,662
-
7 · Other salaries and wages
total $454,477 · program services $284,443 · management and general $52,540 · fundraising $117,494
-
8 · Pension plan contributions
total $18,380 · program services -$1,286 · management and general $19,666
-
9 · Other employee benefits
total $144,283 · program services $65,581 · management and general $29,770 · fundraising $48,932
-
10 · Payroll taxes
total $41,121 · program services -$846 · management and general $41,967
-
11c · Fees: accounting
total $29,868 · management and general $29,868
-
11g · Fees: other
total $47,182 · program services $46,062 · management and general $1,120
-
12 · Advertising and promotion
total $691 · program services $119 · management and general $515 · fundraising $57
-
13 · Office expenses
total $64,276 · program services $11,617 · management and general $42,972 · fundraising $9,687
-
14 · Information technology
total $12,563 · program services $3,352 · management and general $3,082 · fundraising $6,129
-
16 · Occupancy
total $27,515 · management and general $27,515
-
17 · Travel
total $76,852 · program services $46,241 · management and general $27,876 · fundraising $2,735
-
19 · Conferences, conventions and meetings
total $63,190 · program services $50,466 · management and general $12,138 · fundraising $586
-
22 · Depreciation, depletion and amortization
total $19,370 · management and general $19,370
-
23 · Insurance
total $4,579 · management and general $4,579
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $969,240 · end of year $1,923,774
-
2 · Savings and temporary cash investments
beginning of year $4,721,503 · end of year $3,864,236
-
3 · Pledges and grants receivable
beginning of year $178,076 · end of year $157,560
-
9 · Prepaid expenses and deferred charges
beginning of year $196,945
-
10a · Land, buildings and equipment: cost or other basis
$174,755
-
10b · Land, buildings and equipment: accumulated depreciation
$101,660
-
10c · Land, buildings and equipment, net
beginning of year $54,155 · end of year $73,095
-
15 · Other assets
end of year $803
-
17 · Accounts payable and accrued expenses
beginning of year $78,823 · end of year $118,060
-
19 · Deferred revenue
beginning of year $248,214 · end of year $13,555
-
27 · Net assets without donor restrictions
beginning of year $2,932,369 · end of year $3,568,551
-
28 · Net assets with donor restrictions
beginning of year $2,860,513 · end of year $2,319,302
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $0 · end of year $0
Mission and programs · 2022
Mission
THE NBSP;MISSION NBSP;OF NBSP;THE NBSP;BHUTAN NBSP;FOUNDATION NBSP;IS NBSP;TO NBSP;HELP NBSP;IMPROVE NBSP;THE NBSP;QUALITY NBSP;OF NBSP;LIFE NBSP;OF NBSP;THE NBSP;BHUTANESE NBSP;PEOPLE NBSP;BY NBSP;ENABLING NBSP;ITS NBSP;CITIZENS NBSP;TO NBSP;PURSUE NBSP;ACTIVITIES NBSP;THAT NBSP;BENEFIT NBSP;BHUTANESE NBSP;SOCIETY NBSP;AND NBSP;TO NBSP;INCREASE NBSP;AWARENESS NBSP;OF NBSP;BHUTAN NBSP;AND NBSP;ITS NBSP;CULTURE NBSP;IN NBSP;THE NBSP;UNITED NBSP;STATES
Activities or mission (Part I)
THE MISSION OF THE BHUTAN FOUNDATION IS TO HELP IMPROVE THE QUALITY OF LIFE OF THE BHUTANESE PEOPLE BY ENABLING ITS CITIZENS TO PURSUE ACTIVITIES THAT BENEFIT BHUTANESE SOCIETY AND TO INCREASE AWARENESS OF BHUTAN AND ITS CULTURE IN THE UNITED STATES.
-
SUSTAINABLE DEVELOPMENT - THE FOUNDATION SUPPORTS PROGRAMS IN BHUTAN THAT PROMOTE EQUITABLE AND SUSTAINABLE SOCIO-ECONOMIC DEVELOPMENT. THIS INCLUDES PROGRAMS IN HEALTHCARE, EDUCATION, FOOD SECURITY, AND INCOME GENERATION.
Expenses $1,287,840 · Grants $1,145,072
-
THE BHUTAN FOUNDATION SUPPORTS PROGRAMS IN BHUTAN THAT PROMOTE GOOD GOVERNANCE, PARTICULARLY TO SUPPORT THE CAPACITY BUILDING OF LOCAL NONPROFIT ORGANIZATIONS AND TO SUPPORT DEMOCRACY IN BHUTAN.
Expenses $1,035,709 · Grants $1,029,034
-
THE BHUTAN FOUNDATION SUPPORTS PROGRAMS IN BHUTAN THAT PROMOTE THE PRESERVATION AND PROMOTION OF THE BHUTANESE CULTURE. OUR MOST SIGNIFICANT CULTURAL PROJECT IS THE RESTORATION AND ADAPTIVE REUSE OF THE WANGDUECHOLING PALACE
Expenses $1,028,465 · Grants $853,173
-
OTHER PROGRAM SERVICES
Expenses $976,481 · Grants $720,505
As filed on the 2022 return.
Listed in Part VII
-
Tshewang WangchukTSHEWANG WANGCHUK
EXECUTIVE DIRECTOR
- Total calculated
- $172,429
- From this org
- $137,943
- From related orgs
- $0
- Other
- $34,486
- Hours/week
- 40
-
Hm Gyalyum Tseyring Pem WangchukHM GYALYUM TSEYRING PEM WANGCHUK
CO-CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 1
-
Daphne Hoch CunninghamDAPHNE HOCH CUNNINGHAM
CO-CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 1
-
Lucy GoeletLUCY GOELET
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Brian MenkesBRIAN MENKES
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
William TaconWILLIAM TACON
VICE CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 1
-
Michael PhilippMICHAEL PHILIPP
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Douglas W Hamilton JrDOUGLAS W HAMILTON JR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
David HulseDAVID HULSE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Theodore KaplanTHEODORE KAPLAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Eric LemelsonERIC LEMELSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Henry LewisHENRY LEWIS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Donna MarshallDONNA MARSHALL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Phuntsho NorbuPHUNTSHO NORBU
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Lisa DanzigLISA DANZIG
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Rosemary PhelanROSEMARY PHELAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Rebecca WinsorREBECCA WINSOR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202431379349301108
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