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← PEMA CHODRON FOUNDATION

Form 990 for tax year 2022

Filed by PEMA CHODRON FOUNDATION.

Totals

Total revenue
$1,038,159
Total expenses
$1,668,827
Contributions and grants received
$226,867
Grants paid
$1,481,033
Program service revenue
$651,500
Investment income
$156,919
Other revenue
$2,873
Total assets, end of year
$6,433,667
Total liabilities, end of year
$282,899
Net assets or fund balances, end of year
$6,150,768
Program services expenses (Part IX)
$1,570,376
Management and general expenses
$61,099
Fundraising expenses
$37,352
Program service expenses (Part III)
$1,570,376

Program services were 94.1% 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.

  • 1f · All other contributions, gifts and grants

    $226,867

  • 1g · Noncash contributions included above

    $10,594

  • 2a · Program service revenue: Program royalty income

    total $609,684 · related or exempt $609,684

  • 2b · Program service revenue: Teaching program income

    total $41,816 · related or exempt $41,816

  • 3 · Investment income

    total $156,919 · excluded $156,919

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $50,608

  • 10b · Cost of goods sold

    $47,735

  • 10c · Net income from sales of inventory

    total $2,873 · related or exempt $2,873

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,056,151 · program services $1,056,151

  • 2 · Grants to domestic individuals

    total $21,714 · program services $21,714

  • 3 · Grants to foreign organizations and individuals

    total $403,168 · program services $403,168

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $109,816 · program services $57,762 · management and general $39,899 · fundraising $12,155

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $11,058 · program services $7,758 · management and general $3,300

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $9,990 · program services $5,459 · management and general $3,536 · fundraising $995

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $52 · management and general $52

  • 11c · Fees: accounting

    total $9,557 · management and general $9,557

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $6,000 · program services $6,000

  • 12 · Advertising and promotion

    total $20,537 · fundraising $20,537

  • 13 · Office expenses

    total $4,476 · program services $1,492 · management and general $1,492 · fundraising $1,492

  • 14 · Information technology

    total $726 · program services $242 · management and general $242 · fundraising $242

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $3,702 · program services $3,702

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $1,090 · management and general $1,090

  • 24a · Other expenses: Pema Chodron Archive expense

    total $5,848 · program services $5,848

  • 24b · Other expenses: Bank & CC card charges

    total $5,794 · program services $1,932 · management and general $1,931 · fundraising $1,931

  • 24c · Other expenses: Misc program expenses

    total $4,733 · program services $4,733

  • 24d · Other expenses: Alloc bk sale sals to COGS

    total -$5,585 · program services -$5,585

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $681,953 · end of year $369,801

  • 2 · Savings and temporary cash investments

    beginning of year $520,568 · end of year $120,637

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $4,764 · end of year $5,024

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    beginning of year $16,388 · end of year $14,339

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,616 · end of year $2,666

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $6,930,491 · end of year $5,899,453

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $27,047 · end of year $21,747

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,031 · end of year $8,966

  • 19 · Deferred revenue

    beginning of year $205,511 · end of year $273,933

  • 27 · Net assets without donor restrictions

    beginning of year $7,964,231 · end of year $6,145,714

  • 28 · Net assets with donor restrictions

    beginning of year $5,054 · end of year $5,054

Mission and programs · 2022

Mission

Support and encouragement of Buddhist monasticism and the Buddhist tradition world-wide, and to manifest the Buddhist vision by providing support and assistance to community-based organizations that serve marginalized populations such as distressed families (especially children and teens), abused individuals, the incarcerated, and drug addicts. In addition, to create and support a permanent Endowment Fund so that it can carry on these activities into the distant future.

Activities or mission (Part I)

Support and encouragement of Buddhist monasticism and the Buddhist tradition world-wide, and to manifest the Buddhist vision by providing support and assistance to community-based organizations that serve marginalized populations.

  • Various Other Programs - (see Schedules I and F). In North America and Southeast Asia: support for monasteries, monastics, and meditation centers, including new construction; scholarships for education; support health programs; support youth rehabilitation & training; provide books on meditation to prisoners and the underserved; support translation and archiving of Buddhist masters' teachings.

    Expenses $631,069 · Grants $566,033

  • Drala Mountain Center (formerly Shambhala Mountain Center) is a contemplative retreat center in the foothills of Northern Colorado founded about 50 years ago. In 2020 and 2021 COVID restrictions caused almost all of the programming to be canceled and in 2020 the Cameron Peak wildfire swept the land causing substantial damage. This grant helped to cover operating expenses and fire recovery expenses during these crisis years in order to insure the survival of the retreat center.

    Expenses $528,681 · Grants $515,000

  • Gampo Abbey is a Buddhist monastery founded in 1983 in Cape Breton, Nova Scotia, Canada. Grant funds will supplement the Abbey's income to support operations and individual monastics in the pursuit of their spiritual studies and meditation practice. The Abbey provides annual financial reports. One of the Foundation's Board members visits the Abbey annually to confirm progress.

    Expenses $205,313 · Grants $200,000

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Glenna Olmsted

    Foundation Mgr.

    Total calculated
    $40,800
    From this org
    $40,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    30

  • Martha Kirkman

    Secretary

    Total calculated
    $26,400
    From this org
    $26,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

  • Timothy Olmsted

    President

    Total calculated
    $16,500
    From this org
    $16,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Marjorie Rodgers

    Vice President

    Total calculated
    $12,054
    From this org
    $12,054
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

  • Arvo Fallon

    Director

    Total calculated
    $11,220
    From this org
    $11,220
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

  • Cathryn Mayer

    Treasurer

    Total calculated
    $6,600
    From this org
    $6,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

  • Pema Chodron

    Chairman

    Total calculated
    $2,400
    From this org
    $2,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2022
Filed
10 November 2023
IRS schema version
2022v5.0
Source object
202303159349300300

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.