Form 990 for tax year 2023
Filed by THE TIBETAN COMMUNITY OF NEW YORK AND NEW JERSEY INC.
Totals
- Total revenue
- $1,189,071
- Total expenses
- $875,675
- Contributions and grants received
- $836,208
- Grants paid
- $0
- Program service revenue
- $331,840
- Investment income
- $134
- Other revenue
- $20,889
- Total assets, end of year
- $9,043,755
- Total liabilities, end of year
- $4,454,202
- Net assets or fund balances, end of year
- $4,589,553
- Program services expenses (Part IX)
- $135,444
- Management and general expenses
- $712,516
- Fundraising expenses
- $27,715
- Program service expenses (Part III)
- $135,444
Program services were 15.5% 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.
-
1c · Fundraising events
$337,769
-
1e · Government grants (contributions)
$26,399
-
1f · All other contributions, gifts and grants
$472,040
-
2a · Program service revenue: HALL RENTAL INCOME
total $331,840 · related or exempt $331,840
-
3 · Investment income
total $134 · excluded $134
-
8a · Fundraising events: gross income
$139,024
-
8a · Fundraising events: contributions included on line 1c
$337,769
-
8b · Fundraising events: direct expenses
$139,024
-
8c · Net income from fundraising events
total $0
-
11a · Other revenue: OTHER REVENUE
total $20,889 · related or exempt $20,889
-
11e · Other revenue, total
$20,889
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $73,359 · program services $13,205 · management and general $56,486 · fundraising $3,668
-
10 · Payroll taxes
total $9,443 · program services $1,700 · management and general $7,271 · fundraising $472
-
11g · Fees: other
total $19,648 · management and general $19,648
-
13 · Office expenses
total $9,169 · management and general $8,297 · fundraising $872
-
16 · Occupancy
total $216,164 · program services $41,071 · management and general $166,446 · fundraising $8,647
-
20 · Interest
total $238,070 · management and general $238,070
-
22 · Depreciation, depletion and amortization
total $264,733 · program services $47,652 · management and general $203,844 · fundraising $13,237
-
24a · Other expenses: EVENTS AND CEREMONIES
total $23,254 · program services $23,254
-
24b · Other expenses: MISCELLANEOUS EXPENSE
total $16,389 · program services $3,116 · management and general $12,454 · fundraising $819
-
24c · Other expenses: LKL SCHOOL EXPENSES
total $2,946 · program services $2,946
-
24d · Other expenses: DONATIONS
total $2,500 · program services $2,500
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $386,170 · end of year $554,654
-
4 · Accounts receivable
beginning of year $12,882 · end of year $11,660
-
7 · Other notes and loans receivable
beginning of year $2,063
-
9 · Prepaid expenses and deferred charges
beginning of year $45,888 · end of year $53,737
-
10a · Land, buildings and equipment: cost or other basis
$10,439,423
-
10b · Land, buildings and equipment: accumulated depreciation
$2,015,719
-
10c · Land, buildings and equipment, net
beginning of year $8,688,438 · end of year $8,423,704
-
17 · Accounts payable and accrued expenses
beginning of year $305,793 · end of year $251,449
-
22 · Loans and payables to officers and key people
end of year $22,000
-
23 · Secured mortgages and notes payable
end of year $3,171,072
-
24 · Unsecured notes and loans payable
end of year $817,116
-
25 · Other liabilities
beginning of year $4,553,491 · end of year $192,565
-
27 · Net assets without donor restrictions
beginning of year $3,941,806 · end of year $4,589,553
-
28 · Net assets with donor restrictions
beginning of year $334,351 · end of year $0
Mission and programs · 2023
Mission
PROMOTE TIBETAN CULTURE, LANGUAGE, HISTORY, CUSTOMS AND TRADITIONS.
-
WE OFFER OUR SUPPORT OF TIBETAN-BASED EDUCATIONAL, CULTURAL AND RELIGIOUS PROGRAMS, WHILE ALSO REACHING OUT TO COMMUNITY MEMBERS IN NEED. WHILE WE ARE COMMITTED TO BUILDING STRONG RELATIONSHIPS WITHIN THE TIBETAN COMMUNITY THROUGH ORGANIZING EVENTS THAT WILL ALLOW MEMBERS TO CONNECT AND REACH OUT TO ONE ANOTHER, WE ALSO EMBRACE OUR RELATIONSHIPS OUTSIDE THE COMMUNITY THROUGH CREATING AND ORGANIZING AWARENESS CAMPAIGNS.
Expenses $135,444 · Revenue $331,840
As filed on the 2023 return.
Listed in Part VII
-
TENZIN CHOEDON
TREASURER
- Total calculated
- $0
- Hours/week
- 0
-
SONAM GYA
HALL COORDINATOR
- Total calculated
- $0
- Hours/week
- 0
-
SAMTEN NORBU
ACCOUNTANT
- Total calculated
- $0
- Hours/week
- 0
-
TRINLY PALJOR
HALL COORDINATOR
- Total calculated
- $0
- Hours/week
- 0
-
TSHERING PEMA
CULTURAL COORDINATOR
- Total calculated
- $0
- Hours/week
- 0
-
JIGME SANGAY
GREEN BK COORDINATOR
- Total calculated
- $0
- Hours/week
- 0
-
NGAWANG TAMDING
HALL COORDINATOR
- Total calculated
- $0
- Hours/week
- 0
-
NGAWANG TSERING
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 0
-
TASHI TSERING
SECRETARY
- Total calculated
- $0
- Hours/week
- 0
-
KALSANG WANGMO
PRO/CULTURAL COORDINATOR
- Total calculated
- $0
- Hours/week
- 0
-
KALSANG YONTEN
GREEN BK COORDINATOR
- Total calculated
- $0
- Hours/week
- 0
-
NORBU TSERING CHOEZUNG
PRESIDENT
- Total calculated
- $0
- Hours/week
- 0
-
LOBSANG NGAWANG
HALL COORDINATOR
- Total calculated
- $0
- Hours/week
- 0
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
- 2023
- Filed
- 15 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202433209349324278
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