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Nonprofiteer
← TIBET FUND

Form 990 for tax year 2022

Filed by TIBET FUND.

Totals

Total revenue
$11,646,812
Total expenses
$10,606,932
Contributions and grants received
$10,787,573
Grants paid
$9,783,215
Program service revenue
$0
Investment income
$818,419
Other revenue
$40,820
Total assets, end of year
$7,932,663
Total liabilities, end of year
$439,527
Net assets or fund balances, end of year
$7,493,136
Program services expenses (Part IX)
$9,922,956
Management and general expenses
$608,218
Fundraising expenses
$75,758
Program service expenses (Part III)
$9,922,956

Program services were 93.6% 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

    $416,886

  • 1e · Government grants (contributions)

    $8,235,634

  • 1f · All other contributions, gifts and grants

    $2,135,053

  • 3 · Investment income

    total $78,895 · excluded $78,895

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

    total $0

  • 5 · Royalties

    total $0

  • 6a · Gross rents

    real property $87,934

  • 6b · Less rental expenses

    real property $19,794

  • 6c · Rental income or loss

    real property $68,140 · personal property $0

  • 6d · Net rental income or loss

    total $68,140 · excluded $68,140

  • 7a · Gross sales of assets other than inventory

    securities $1,001,323

  • 7b · Less cost or other basis and sales expenses

    securities $261,799

  • 7c · Gain or loss

    securities $739,524

  • 7d · Net gain or loss

    total $739,524 · excluded $739,524

  • 8a · Fundraising events: gross income

    $29,200

  • 8a · Fundraising events: contributions included on line 1c

    $416,886

  • 8b · Fundraising events: direct expenses

    $56,525

  • 8c · Net income from fundraising events

    total -$27,325 · excluded -$27,325

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: MISCELLANEOUS

    total $5 · excluded $5

  • 11e · Other revenue, total

    $5

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,244,978 · program services $1,244,978

  • 2 · Grants to domestic individuals

    total $247,991 · program services $247,991

  • 3 · Grants to foreign organizations and individuals

    total $8,290,246 · program services $8,290,246

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $419,891 · program services $52,912 · management and general $323,920 · fundraising $43,059

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $118,774 · program services $15,842 · management and general $91,752 · fundraising $11,180

  • 8 · Pension plan contributions

    total $9,571 · program services $920 · management and general $7,343 · fundraising $1,308

  • 9 · Other employee benefits

    total $16,043 · program services $1,542 · management and general $12,308 · fundraising $2,193

  • 10 · Payroll taxes

    total $38,341 · program services $3,686 · management and general $29,414 · fundraising $5,241

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $44,401 · management and general $44,401

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $46,867 · program services $11,410 · management and general $29,296 · fundraising $6,161

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $19,363 · program services $3,230 · management and general $11,867 · fundraising $4,266

  • 14 · Information technology

    total $10,189 · program services $7,132 · management and general $3,057

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $15,494 · program services $4,588 · management and general $10,906

  • 17 · Travel

    total $38,966 · program services $35,653 · management and general $1,170 · fundraising $2,143

  • 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 $26,086 · management and general $26,086

  • 23 · Insurance

    total $14,989 · program services $1,500 · management and general $13,489

  • 24a · Other expenses: MEALS AND ENTERTAINMENT

    total $4,144 · program services $1,326 · management and general $2,611 · fundraising $207

  • 24b · Other expenses: MISCELLANEOUS

    total $598 · management and general $598

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $905,929 · end of year $691,728

  • 2 · Savings and temporary cash investments

    beginning of year $4,969 · end of year $404,980

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $287,497 · end of year $95,285

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $950,000 · end of year $200,000

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $138,191 · end of year $348,407

  • 10a · Land, buildings and equipment: cost or other basis

    $1,181,651

  • 10b · Land, buildings and equipment: accumulated depreciation

    $650,416

  • 10c · Land, buildings and equipment, net

    beginning of year $553,022 · end of year $531,235

  • 11 · Investments: publicly traded securities

    beginning of year $5,298,814 · end of year $5,617,460

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $38,463 · end of year $43,568

  • 17 · Accounts payable and accrued expenses

    beginning of year $27,172 · end of year $14,636

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $37,202 · end of year $245,728

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $251,037 · end of year $179,163

  • 27 · Net assets without donor restrictions

    beginning of year $7,221,430 · end of year $6,649,573

  • 28 · Net assets with donor restrictions

    beginning of year $640,044 · end of year $843,563

Mission and programs · 2022

Mission

THE FUND'S MISSION IS TO HELP TIBETANS REBUILD AND IMPROVE THEIR LIVES AND PRESERVE THEIR DISTINCT CULTURAL HERITAGE AND NATIONAL IDENTITY. THE FUND SUPPORTS HUMANITARIAN AID, HEALTH, EDUCATION, COMMUNITY AND ECONOMIC DEVELOPMENT, AND CULTURAL PRESERVATION PROGRAMS THAT SERVE IMPOVERISHED TIBETANS LIVING IN EXILE AND IN TIBET.

Activities or mission (Part I)

THE FUND'S MISSION IS TO HELP TIBETANS REBUILD AND IMPROVE THEIR LIVES AND PRESERVE THEIR DISTINCT CULTURAL HERITAGE AND NATIONAL IDENTITY.

  • HEALTH CARE - TIBET FUND WAS ABLE TO SUPPORT HEALTH CARE PROGRAMS AND SERVICES WITHIN TIBETAN COMMUNITIES IN INDIA AND NEPAL WITH THE FUNDING RECEIVED FROM USAID AND THE U.S. DEPARTMENT OF STATE BUREAU OF POPULATION, REFUGEE, AND MIGRATION. THESE COMMUNITIES ARE CONFRONTED WITH SEVERAL DIVERSE AND UNIQUE CHALLENGES THAT HAVE THE POTENTIAL TO FRAGMENT THE LONG-ESTABLISHED SETTLEMENT LIFE, THEREBY THREATENING THE LONG-TERM SUSTAINABILITY OF THE TIBETAN CULTURE AND IDENTITY ITSELF. INCREASING DEMOGRAPHIC AND OVERSEAS MIGRATION TRENDS, SCATTERED COMMUNITIES, INADEQUATE EMPLOYMENT OPPORTUNITIES LACK OF INCOME-GENERATING ACTIVITIES, AND LACK OF ALTERNATIVE SOURCE OF LIVELIHOOD IN THE SETTLEMENTS HAVE ALL GIVEN WAY TO A NEW SET OF CHALLENGING SCENARIOS IN THE EXILED TIBETAN COMMUNITY. THE TIBET FUND PRIORITIZES STRATEGIC DEVELOPMENT PROGRAMS THAT ARE AIMED AT REVITALIZING THE TIBETAN SETTLEMENTS AND EMPOWERING THE TIBETAN COMMUNITY AS A WHOLE. IN ADDITION TO ALLEVIATING POVERTY AND DEPRIVATION THROUGH FUNDING AND PROGRAMMATIC SUPPORT FROM THE US GOVERNMENT AND OUR DONORS, WE WORK TO FACILITATE ECONOMIC SELF-SUFFICIENCY THROUGH INITIATIVES THAT PROMOTE ENTREPRENEURSHIP SMALL ENTERPRISE DEVELOPMENT, EMPLOYMENT, AND JOB COMPETITIVENESS FOR UNEMPLOYED YOUTH. WE ALSO SUPPORT LOCAL GRASSROOTS TIBETAN NGO AND CIVIL SOCIETY ORGANIZATIONS TO ADDRESS LOCAL COMMUNITY PRIORITIES AND ALSO TO REINFORCE THEIR EFFECTIVENESS IN DELIVERING SOCIO-ECONOMIC AND WELFARE SERVICES.

    Expenses $1,856,786 · Grants $1,824,081

  • EDUCATION AND SCHOLARSHIP - FOR THE PAST 34 YEARS, WITH FUNDING FROM THE U.S. STATE DEPARTMENT FROM 1988, THE TIBET FUND'S TIBETAN SCHOLARSHIP PROGRAM HAS ENABLED 466 TIBETAN REFUGEES TO EARN MASTERS DEGREES OR ONE-YEAR CERTIFICATES AT SOME OF THE COUNTRY'S FINEST ACADEMIC INSTITUTIONS. THE FUND'S SPONSORSHIP PROGRAM SUPPORTED 468 SCHOOL AGE CHILDREN AT 41 SCHOOLS, INCLUDING 48 DISABLED CHILDREN, AND 296 MONKS AND 102 NUNS AT 20 MONASTERIES AND 14 NUNNERIES, 65 ELDERS IN PROGRAMS IN NEPAL AND INDIA, AND 27 TIBETAN PERFORMING ARTS STUDENTS. THE FUND ALSO SUPPORTED 33 PROFESSIONAL SCHOLARSHIPS AND GIRLS SCHOLARSHIP FOR TIBETANS IN INDIA AND NEPAL IN ADDITION, TIBET FUND WAS ABLE TO SUPPORT THE ACTIVITIES AND EDUCATIONAL INSTITUTIONS WITH THE FUNDING RECEIVED FROM USAID AND U.S DEPARTMENT OF STATE BUREAU OF POPULATION, REFUGEE, AND MIGRATION.

    Expenses $3,584,398 · Grants $3,543,044

  • ECONOMIC AND COMMUNITY DEVELOPMENT - WITH THE FUNDING RECEIVED FROM USAID INTERNATIONAL DEVELOPMENT, TIBET FUND WAS ABLE TO SUPPORT THE ACTIVITIES AND STRENGTHENING THE TIBETAN ENTREPRENEURSHIP, INSTITUTIONAL CAPACITY BUILDING, LEADERSHIP DEVELOPMENT, AGRICULTURAL IMPROVEMENT, LOCAL PARTNER STRENGTHENING WE ALSO SUPPORT LOCAL GRASSROOTS TIBETAN NGOS AND CIVIL SOCIETY ORGANIZATIONS TO ADDRESS LOCAL COMMUNITY PRIORITIES AND ALSO TO REINFORCE THEIR EFFECTIVENESS IN DELIVERING SOCIO-ECONOMIC AND WELFARE SERVICES. OPPORTUNITIES, LACK OF INCOME-GENERATING ACTIVITIES, AND ALTERNATIVE SOURCE OF LIVELIHOOD IN THE SETTLEMENTS, HAVE ALL GIVEN WAY TO A NEW SET OF CHALLENGING SCENARIOS IN THE EXILED TIBETAN COMMUNITY. THE TIBET FUND PRIORITIZES STRATEGIC DEVELOPMENT PROGRAMS THAT ARE AIMED AT REVITALIZING THE TIBETAN SETTLEMENTS AND EMPOWERING THE TIBETAN COMMUNITY AS A WHOLE. IN ADDITION TO ALLEVIATING POVERTY AND DEPRIVATION THROUGH FUNDING AND PROGRAMMATIC SUPPORT FROM THE US GOVERNMENT AND OUR DONORS, WE WORK TO FACILITATE ECONOMIC SELF-SUFFICIENCY THROUGH INITIATIVES THAT PROMOTE ENTREPRENEURSHIP, SMALL ENTERPRISE DEVELOPMENT, EMPLOYMENT, AND JOB COMPETITIVENESS OF UNEMPLOYED YOUTH. WE ALSO SUPPORT LOCAL GRASSROOTS TIBETAN NGOS AND CIVIL SOCIETY ORGANIZATIONS TO ADDRESS LOCAL COMMUNITY PRIORITIES AND ALSO TO REINFORCE THEIR EFFECTIVENESS IN DELIVERING SOCIO-ECONOMIC AND WELFARE SERVICES.

    Expenses $2,843,019 · Grants $2,817,435

  • RELIGION AND CULTURAL PRESERVATION

    Expenses $1,612,800 · Grants $1,598,655

  • Humanitarian Assistance

    Expenses $25,953

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

Listed in Part VII

  • Lobsang Nyandak

    PRESIDENT

    Total calculated
    $176,103
    From this org
    $138,507
    From related orgs
    $0
    Other
    $37,596
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $138,507
    Bonus
    $0
    Other
    $0
    Deferred
    $7,040
    Nontaxable benefits
    $30,556
    Filer's total
    $176,103

  • Robert Ankerson

    VICE PRESIDENT

    Total calculated
    $157,176
    From this org
    $140,802
    From related orgs
    $0
    Other
    $16,374
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $140,802
    Bonus
    $0
    Other
    $0
    Deferred
    $7,040
    Nontaxable benefits
    $9,334
    Filer's total
    $157,176

  • Lhakpa Jhangowa

    DIRECTOR OF FINANCE AND GRANTS

    Total calculated
    $86,612
    From this org
    $57,533
    From related orgs
    $0
    Other
    $29,079
    Hours/week
    35

  • Michael Lemle

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Geoffrey Menin

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Tenzing Tekan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jigme Shingsar

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Tsewang Namgyal

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Tom Nazario

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Rinchen Dharlo

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Champa N Weinreb

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ethan David Goldings

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Nima R T Binara

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jane Wells

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Nina Schroeder

    TRUSTEE

    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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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
30 September 2023
IRS schema version
2022v5.0
Source object
202313139349304331

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

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