Form 990 for tax year 2024
Filed by THE TIBETAN COMMUNITY OF NEW YORK AND NEW JERSEY INC.
Totals
- Total revenue
- $1,970,435
- Total expenses
- $1,036,957
- Contributions and grants received
- $606,935
- Grants paid
- $0
- Program service revenue
- $952,926
- Investment income
- $0
- Other revenue
- $410,574
- Total assets, end of year
- $8,626,285
- Total liabilities, end of year
- $3,501,896
- Net assets or fund balances, end of year
- $5,124,389
- Program services expenses (Part IX)
- $165,737
- Management and general expenses
- $828,350
- Fundraising expenses
- $42,870
- Program service expenses (Part III)
- $165,737
Program services were 16.0% 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
$345,760
-
1f · All other contributions, gifts and grants
$261,175
-
2a · Program service revenue: Hall Rental Income
total $952,926 · related or exempt $952,926
-
8a · Fundraising events: gross income
$431,175
-
8a · Fundraising events: contributions included on line 1c
$345,760
-
8b · Fundraising events: direct expenses
$20,601
-
8c · Net income from fundraising events
total $410,574
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $71,738 · program services $13,205 · management and general $56,450 · fundraising $2,083
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $18,475 · program services $1,700 · management and general $16,282 · fundraising $493
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $37,955 · management and general $37,955
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $12,210 · management and general $9,800 · fundraising $2,410
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $240,765 · program services $48,685 · management and general $178,560 · fundraising $13,520
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $123,672 · management and general $123,672
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $264,734 · program services $47,652 · management and general $203,844 · fundraising $13,238
-
23 · Insurance
total $0
-
24a · Other expenses: lkl school expenses
total $8,945 · program services $8,945
-
24b · Other expenses: Misc Exp
total $18,387 · program services $3,560 · management and general $13,597 · fundraising $1,230
-
24c · Other expenses: utilities
total $39,319 · management and general $39,319
-
24d · Other expenses: Events
total $196,784 · program services $39,305 · management and general $147,583 · fundraising $9,896
-
24e · All other expenses
total $3,973 · program services $2,685 · management and general $1,288
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $554,654 · end of year $413,391
-
4 · Accounts receivable
beginning of year $11,660 · end of year $48,209
-
9 · Prepaid expenses and deferred charges
beginning of year $53,737 · end of year $840
-
10a · Land, buildings and equipment: cost or other basis
$10,439,423
-
10b · Land, buildings and equipment: accumulated depreciation
$2,275,578
-
10c · Land, buildings and equipment, net
beginning of year $8,423,704 · end of year $8,163,845
-
17 · Accounts payable and accrued expenses
beginning of year $251,449 · end of year $141,328
-
23 · Secured mortgages and notes payable
beginning of year $4,010,188 · end of year $2,306,570
-
25 · Other liabilities
beginning of year $192,565 · end of year $1,053,998
-
27 · Net assets without donor restrictions
beginning of year $4,589,553 · end of year $5,124,389
Mission and programs · 2024
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 commited to building strong relationships within the Tibetal 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 $165,737 · Revenue $952,956
As filed on the 2024 return.
Listed in Part VII
-
TENZIN CHOEDON
TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
SONAM GYA
HALL COORDIDATOR
- Total calculated
- $0
- Hours/week
- 5
-
SAMTEN NORBU
ACCOUNTANT
- Total calculated
- $0
- Hours/week
- 5
-
TRINLEY PALJOR
HALL COORDINATOR
- Total calculated
- $0
- Hours/week
- 5
-
TSHERING PEMA
CULTURAL COORDINATOR
- Total calculated
- $0
- Hours/week
- 5
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
- 2024
- Filed
- 24 October 2025
- IRS schema version
- 2024v5.2
- Source object
- 202522979349302112
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