Civic Intelligence

The Tibet Fund

990 • Fiscal year 2018 • EIN 13-3115145

Jan 01, 2018 to Dec 31, 2018 • Filed on May 15, 2019

241 East 32nd StreetNew York, NY 10016

(212) 213-5011

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

28th percentile

0.06x

Higher debt load relative to assets than 28% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

14th percentile

0.04x

Higher debt load relative to revenue than 14% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Net Margin

15th percentile

-10%

Higher net margin than 15% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

37th percentile

$139,538

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Asset Growth

6th percentile

-13%

Faster asset growth than 6% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

20th percentile

-8.3%

Faster revenue growth than 20% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Assets

Down

$7,323,258

Down $1,119,041 (-13%) from 2017

Net Assets

Down

$6,915,129

Down $1,268,652 (-16%) from 2017

Liabilities

Up

$408,129

Up $149,611 (+58%) from 2017

Revenue

Down

$10,255,717

Down $927,770 (-8.3%) from 2017

Expenses

Up

$11,328,770

Up $452,264 (+4.2%) from 2017

Net Income

Down

-$1,073,053

Down $1,380,034 (-450%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2010: $8,091,646Liabilities 2010: $2,512,650Net Assets 2010: $5,578,9962010Assets 2011: $6,855,553Liabilities 2011: $2,114,377Net Assets 2011: $4,741,1762011Assets 2012: $5,429,731Liabilities 2012: $318,802Net Assets 2012: $5,110,9292012Assets 2013: $6,522,156Liabilities 2013: $669,405Net Assets 2013: $5,852,7512013Assets 2014: $6,710,426Liabilities 2014: $515,842Net Assets 2014: $6,194,5842014Assets 2015: $7,375,986Liabilities 2015: $639,939Net Assets 2015: $6,736,0472015Assets 2016: $8,583,904Liabilities 2016: $496,672Net Assets 2016: $8,087,2322016Assets 2017: $8,442,299Liabilities 2017: $258,518Net Assets 2017: $8,183,7812017Assets 2018: $7,323,258Liabilities 2018: $408,129Net Assets 2018: $6,915,1292018Assets 2019: $8,365,934Liabilities 2019: $549,325Net Assets 2019: $7,816,6092019Assets 2020: $9,064,675Liabilities 2020: $1,206,988Net Assets 2020: $7,857,6872020Assets 2021: $8,176,885Liabilities 2021: $315,411Net Assets 2021: $7,861,4742021Assets 2022: $7,932,663Liabilities 2022: $439,527Net Assets 2022: $7,493,1362022Assets 2023: $9,682,601Liabilities 2023: $1,222,516Net Assets 2023: $8,460,0852023Assets 2024: $14,429,768Liabilities 2024: $1,410,206Net Assets 2024: $13,019,5622024

Highlighted filing

2018

Assets$7,323,258
Liabilities$408,129
Net Assets$6,915,129

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$20M$15M$10M$5.0M$0-$5.0MExpenses 2010: $8,041,8902010Expenses 2011: $6,485,8392011Expenses 2012: $4,765,5932012Revenue 2013: $5,817,045Expenses 2013: $5,100,167Net Income 2013: $716,8782013Revenue 2014: $6,216,604Expenses 2014: $5,890,296Net Income 2014: $326,3082014Revenue 2015: $6,706,662Expenses 2015: $6,114,745Net Income 2015: $591,9172015Revenue 2016: $8,052,237Expenses 2016: $6,863,561Net Income 2016: $1,188,6762016Revenue 2017: $11,183,487Expenses 2017: $10,876,506Net Income 2017: $306,9812017Revenue 2018: $10,255,717Expenses 2018: $11,328,770Net Income 2018: -$1,073,0532018Revenue 2019: $11,210,421Expenses 2019: $10,810,274Net Income 2019: $400,1472019Revenue 2020: $8,374,681Expenses 2020: $8,659,805Net Income 2020: -$285,1242020Revenue 2021: $9,507,647Expenses 2021: $9,806,596Net Income 2021: -$298,9492021Revenue 2022: $11,646,812Expenses 2022: $10,606,932Net Income 2022: $1,039,8802022Revenue 2023: $12,389,267Expenses 2023: $11,803,727Net Income 2023: $585,5402023Revenue 2024: $17,473,538Expenses 2024: $13,174,832Net Income 2024: $4,298,7062024

Highlighted filing

2018

Revenue$10,255,717
Expenses$11,328,770
Net Income-$1,073,053
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 15, 2019
Return Version
2018v3.1
Gross Receipts
$11,318,250
Mission and Program Overview

Mission

The tibet 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 tibetans in tibet.

The fund's mission is to help tibetans rebuild and improve their lives and preserve their distinct cultural heritage and national identity.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,129,368$4,318,119▲ $1,188,751
Other Notes and Loans Receivable, Net$1,700,000$950,000▼ $750,000
Land, Buildings, and Equipment, Net$644,385$615,310▼ $29,075
Cash and Non-Interest-Bearing Accounts$996,528$557,772▼ $438,756
Savings and Temporary Cash Investments$1,721,813$536,137▼ $1,185,676
Prepaid Expenses and Deferred Charges$250,205$191,097▼ $59,108
Accounts Receivable$0$154,823▲ $154,823
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$8,442,299$7,323,258▼ $1,119,041
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$0$223,089▲ $223,089
Accounts Payable and Accrued Expenses$258,518$154,466▼ $104,052
Deferred Revenue$0$30,574▲ $30,574
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$258,518$408,129▲ $149,611
Net Assets / Fund Balance
Unrestricted Net Assets$6,663,437$5,818,802▼ $844,635
Temporarily Rstr Net Assets$1,520,344$1,096,327▼ $424,017
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$8,183,781$6,915,129▼ $1,268,652
Total Liabilities and Net Assets / Fund Balance$8,442,299$7,323,258▼ $1,119,041

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$446,413$505,853$952,266
Land$165,000-$165,000
Equipment$3,897$41,574$45,471
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lobsang NyandakPresidentFT$112,802$26,736$139,538
Robert W AnkersonVice PresidentFT$123,284$9,803$133,087
Rinchen DharloPresident EmeritusPT$84,332$8,670$93,002
Lhakpa Tsering JhangowaGrants and Finance OfficerFT$49,616$2,553$52,169

Board Members and Trustees

NameTitle
Mickey LemleChairman
Geoffrey MeninVice President
DR Thubten Jinpa Langriboard member
Elizabeth Lindseyboard member
Jigme Shingsarboard member
Tenzing TekanBoard Member
Tsewang Namgyalboard member
Yodon Thondenboard member
Jessica BrackmanSecretary
Joe WoodTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$10,050,831
Program Service Revenue
$0
Investment Income
$92,721
Other Revenue
$112,165
All Other Contributions
$1,072,179
Change in Net Assets
$-1,073,053

Audited Revenue Reconciliation

Revenue per Audited Statements
$10,255,717
Revenue Not Reported on Form 990
$-193,923
Total Revenue per Audited Statements
$10,061,794
Total Revenue per Form 990
$10,255,717
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$9,705,373
Other Expenses$993,998
Salaries, Compensation, and Employee Benefits$629,399
Total Fundraising Expense$78,580
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$8,873,731--$8,873,731
Grants to Domestic Individuals$797,942--$797,942
Current Officers, Directors, Trustees, and Key Employees$83,160$280,323$54,313$417,796
Other Salaries and Wages$15,266$93,072$3,327$111,665
Payroll Taxes$5,204$37,781$5,368$48,353
Other Employee Benefits$1,455$35,915$3,975$41,345
Travel$37,769$1,237$2,270$41,276
Fees for Services Accounting-$38,733-$38,733
Occupancy$4,914$31,208-$36,122
Other Expenses$750,000$35,971-$35,971
Grants to Domestic Orgs$33,700--$33,700
Depreciation Depletion-$29,075-$29,075
Office Expenses$4,997$15,839$4,511$25,347
Fees for Services Other$7,350$8,755$3,970$20,075
Pension Plan Contributions$84$9,310$846$10,240
Insurance$1,020$9,167-$10,187
Information Technology$2,183$934-$3,117
Conferences and Meetings-$2,699-$2,699
Fees for Service Investment Mgmnt Fees-$1,396-$1,396
Total Functional Expenses$10,618,775$631,415$78,580$11,328,770

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$11,330,446
Expenses per Audited Statements$11,328,770
Total Expenses per Form 990$11,328,770
Expenses Not Reported on Form 990$1,676
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Tibetan Community of NY & NJWoodside, NY501(c)(3)Tibetan Language Sunday School$12,000
Namgyal Monastery Institute of Buddhist StIthaca, NY510(c)(3)Summer Camp$11,200
De ShemaNew York, NY501(c)(3)Girls Scholarship$10,500

International Summary

Offices
5
Spending
$10,969,582

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
South AsiaGrantmaking---$8,873,731
South AsiaProgram Servicescommunity and econom--$781,127
South AsiaProgram ServicesSponsorship and--$526,397
South AsiaProgram ServicesReligious and cultur--$499,792
South AsiaProgram ServicesHealth Care--$231,935
North AmericaProgram ServicesReligious and cultur5-$56,600
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$48,764
Fundraising Gross Income$25,400
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Bay Area Califo$111,008-$1,839-
Annual Gala$404,370$25,400$14,792$10,608
Total Events$515,378$25,400$48,764$-23,364
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Subrecipients$223,089
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The initial review is made by the president of the organization who provides a copy to the finance committee of the board of directors. A copy of the form 990 is provided to the full board prior to its submission to the irs. They forwarded any comments they have back to the president.

Form 990, Part VI, Section B, Line 12C

Any director, principal officer, or member of a committee with governing board delegated powers, who has a direct or indirect financial interest, is covered under the policy.in connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees with governing board delegated powers considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she must leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members decide whether a conflict of interest exists and act upon that decision. The executive director routinely reviews and approves all contracts and invoices to determine whether any interested person is connected with the transaction. In the event of a potential conflict of interest, the executive director will consult with the executive committee of the board to determine a course of action.

Form 990, Part VI, Section B, Line 15A

The executive committee of the board establishes compensation parameters which are guided by advice from colleagues in the non for profit field and then presented to the full board for review. This was last done in April 2018.

Form 990, Part VI, Section B, Line 15B

The executive committee of the board establishes compensation parameters which are guided by advice from colleagues in the non for profit field and then presented to the full board for review. This was last done in April 2018.

Form 990, Part VI, Section C, Line 19

The fund's finacial statements are made available to the public upon request. The fund's governing documents and conflict of interest policy are not made available. Forms 1023 and 1024, filed on april 13, 1982, (were filed before july 15, 1987), and therefore we need not make a copy of the exemption application available.

Filing and Contact Details

Filer

Filer Name
The Tibet Fund
EIN
13-3115145
In Care Of
% LHAKPA TSERING JHANGOWA
Phone
2122135011
Address
241 East 32nd Street, New York, NY 10016

Signing Officer

Name
Lobsang Nyandak
Title
President
Signed
2019-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lobsang Nyandak
Formed
1981
Legal Domicile
Ny
Voting Board Members
10
Independent Board Members
10
Employees
8
Volunteers
11

Preparer

Firm
Bkd Llp
Address
655 Third Avenue 1200, New York, NY 10017
Preparer
Aaron Shapiro
Phone
2128674000
Supplemental Narrative

Financial Statement Notes

Oth Amts included in financials not in the return Revenue

rental expenses

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0THE CENTRAL TIBETAN ADMINISTRATION IS FACED WITH THE TWO PRINCIPAL TASKS OF REHABILITATING NEWLY-ARRIVED REFUGEES FROM TIBET AND EMPOWERING THE TIBETAN COMMUNITY IN EXILE. DESPITE BUILDING A SUCCESSFUL REFUGEE COMMUNITY, THE EXILE TIBETAN COMMUNITY TODAY IS CONFRONTED WITH SEVERAL DIVERSE AND UNIQUE CHALLENGES THAT HAVE THE POTENTIAL TO FRAGMENT THE LONG-ESTABLISHED SETTLEMENT LIFE THERBY 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 ALTERNATIVE SOURCE OF LIVELIHOOD IN THE SETTLEMENTS, HAVE ALL GIVEN WAY TO A NEW SET OF CHALLENGING SCENARIO IN THE EXILE 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 ADRESS LOCAL COMMUNITY PRIORITIES AND ALSO TO REINFORCE THEIR EFFECTIVENESS IN DELIVERING SOCIO-ECONOMIC AND WELFARE SERVICES.
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IRS990/MissionDesc0THE 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 TIBETANS IN TIBET
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IRS990/ProgSrvcAccomActy2Grp/Desc0HUMANITARIAN ASSISTANCE FOR TIBETAN REFUGEES IN INDIA AND NEPAL DIRECTLY SUPPORTING 100,000 BENEFICIARIES INCLUDE: 1. RECEPTION AND REHABILITATION SERVICES IN NEW DELHI AND DHARAMSALA FOR NEWLY-ARRIVED TIBETAN REFUGEES; 2. PROVIDING HEALTH CARE, HEALTH AWARENESS TRAINING, AND SANITATION/CLEAN WATER PROJECTS TO LONG-STAYING TIBETAN REFUGEES IN INDIA, INCLUDING FOR TB TREATMENT AND SCREENINGS, MENTAL AND PHYSICAL DISABILITIES, MATERNAL AND CHILD HEALTH, AND HOSPITALIZATIONS; DEVELOPMENT OF A MEDICARE SYSTEM AND A HEALTH INFORMATION SYSTEM; 3. EDUCATIONAL SUPPORT FOR TIBETAN REFUGEE CHILDREN IN INDIA AND NEPAL; CAREER COUNSELING FOR STUDENTS IN INDIA; AND STIPENDS FOR STUDENTS IN TRADITIONAL LEARNING CENTERS IN INDIA; AND 4. IN NEPAL, HEALTH CARE AND PUBLIC HEALTH TRAINING FOR TIBETAN REFUGEES, AND PROFESSIONAL TRAINING FOR HEALTH WORKERS IN 14 CLINICS.
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IRS990/ProgSrvcAccomActy3Grp/Desc0FOR THE PAST 28 YEARS, WITH FUNDING FROM THE U.S. STATE DEPARTMENT FROM 1988, THE TIBET FUND'S TIBETAN SCHOLARSHIP PROGRAM HAS ENABLED 444 TIBETAN REFUGEES TO EARN MASTERS DEGREES OR ONE-YEAR CERTIFICATES AT SOME OF THE COUNTRY'S FINEST ACADEMIC INSTITUTIONS. THE FUND'S SPONSERSHIP PROGRAM SUPPORTED 480 SCHOOL AGE CHILDREN AT 41 SCHOOLS, INCLUDING 41 DISABLED CHILDREN, AND 203 MONKS AND 106 NUNS AT 20 MONASTERIES AND 14 NUNNERIES, 26 ELDERS PROGRAM IN NEPAL AND INDIA, 8 TIBETAN PERFORMING ARTS STUDENTS. THE FUND ALSO SUPPORTED 35 PROFESSIONAL SCHOLARSHIPS FOR TIBETANS IN INDIA AND NEPAL AND FOR THE TIBETAN EDUCATION PROJECT (TEP) FUNDED BY USAID, TO STRENGTHEN CAPACITY, MANAGEMENT AND DEVELOPMENT OF THE TIBETAN EDUCATION SYSTEM. TIBET FUND ALSO SUPPORTED PUBLISHING AND COMMUNITY DEVELOPMENT PROGRAMS.
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.4$1.41$13.0$17.5$13.2$4.30
2023Detailed filing. Detailed filing data is available for this year.$9.68$1.22$8.46$12.4$11.8$0.59
2022Detailed filing. Detailed filing data is available for this year.$7.93$0.44$7.49$11.6$10.6$1.04
2021Detailed filing. Detailed filing data is available for this year.$8.18$0.32$7.86$9.51$9.81$0.30
2020Detailed filing. Detailed filing data is available for this year.$9.06$1.21$7.86$8.37$8.66$0.29
2019Detailed filing. Detailed filing data is available for this year.$8.37$0.55$7.82$11.2$10.8$0.40
2018Detailed filing. Detailed filing data is available for this year.$7.32$0.41$6.92$10.3$11.3$1.07
2017Detailed filing. Detailed filing data is available for this year.$8.44$0.26$8.18$11.2$10.9$0.31
2016Detailed filing. Detailed filing data is available for this year.$8.58$0.50$8.09$8.05$6.86$1.19
2015Detailed filing. Detailed filing data is available for this year.$7.38$0.64$6.74$6.71$6.11$0.59
2014Detailed filing. Detailed filing data is available for this year.$6.71$0.52$6.19$6.22$5.89$0.33
2013Detailed filing. Detailed filing data is available for this year.$6.52$0.67$5.85$5.82$5.10$0.72
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.43$0.32$5.11$4.77
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.86$2.11$4.74$6.49
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.09$2.51$5.58$8.04