Civic Intelligence

Pema Chodron Foundation

990 • Fiscal year 2024 • EIN 20-5958865

Jan 01, 2024 to Dec 31, 2024 • Filed on Nov 17, 2025

P O Box 770630Steamboat Springs, CO 80477

(970) 819-6315

Siviq Scores

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

Liabilities / Assets

31st percentile

0.03x

Higher debt load relative to assets than 31% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

55th percentile

0.20x

Higher debt load relative to revenue than 55% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

4th percentile

-70%

Higher net margin than 4% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

25th percentile

$40,800

Higher top officer pay than 25% of similar nonprofits.

Top officer pay equals 3.7% of source-year revenue.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

23rd percentile

-3.1%

Faster asset growth than 23% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

81st percentile

42%

Faster revenue growth than 81% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Down

$6,258,878

Down $198,409 (-3.1%) from 2023

Net Assets

Down

$6,041,165

Down $194,925 (-3.1%) from 2023

Liabilities

Down

$217,713

Down $3,484 (-1.6%) from 2023

Revenue

Up

$1,095,135

Up $323,694 (+42%) from 2023

Expenses

Up

$1,858,176

Up $529,500 (+40%) from 2023

Net Income

Down

-$763,041

Down $205,806 (-37%) from 2023

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2011: $2,618,843Liabilities 2011: $2,543Net Assets 2011: $2,616,3002011Assets 2012: $3,597,169Liabilities 2012: $175,268Net Assets 2012: $3,421,9012012Assets 2013: $4,519,370Liabilities 2013: $159,358Net Assets 2013: $4,360,0122013Assets 2014: $4,902,987Liabilities 2014: $136,169Net Assets 2014: $4,766,8182014Assets 2015: $5,206,642Liabilities 2015: $84,549Net Assets 2015: $5,122,0932015Assets 2016: $5,778,923Liabilities 2016: $86,229Net Assets 2016: $5,692,6942016Assets 2017: $6,234,982Liabilities 2017: $148,195Net Assets 2017: $6,086,7872017Assets 2018: $6,087,087Liabilities 2018: $225,129Net Assets 2018: $5,861,9582018Assets 2019: $6,818,623Liabilities 2019: $314,804Net Assets 2019: $6,503,8192019Assets 2020: $6,773,188Liabilities 2020: $200,961Net Assets 2020: $6,572,2272020Assets 2021: $8,183,827Liabilities 2021: $214,542Net Assets 2021: $7,969,2852021Assets 2022: $6,433,667Liabilities 2022: $282,899Net Assets 2022: $6,150,7682022Assets 2023: $6,457,287Liabilities 2023: $221,197Net Assets 2023: $6,236,0902023Assets 2024: $6,258,878Liabilities 2024: $217,713Net Assets 2024: $6,041,1652024

Highlighted filing

2024

Assets$6,258,878
Liabilities$217,713
Net Assets$6,041,165

Operations Trend

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

$2.0M$1.0M$0-$1.0MRevenue 2011: $834,184Expenses 2011: $188,851Net Income 2011: $645,3332011Revenue 2012: $1,011,278Expenses 2012: $313,473Net Income 2012: $697,8052012Revenue 2013: $1,290,603Expenses 2013: $549,375Net Income 2013: $741,2282013Revenue 2014: $821,330Expenses 2014: $324,276Net Income 2014: $497,0542014Revenue 2015: $1,273,879Expenses 2015: $632,448Net Income 2015: $641,4312015Revenue 2016: $847,345Expenses 2016: $415,524Net Income 2016: $431,8212016Revenue 2017: $714,158Expenses 2017: $836,571Net Income 2017: -$122,4132017Revenue 2018: $1,168,702Expenses 2018: $902,035Net Income 2018: $266,6672018Revenue 2019: $1,122,557Expenses 2019: $1,259,063Net Income 2019: -$136,5062019Revenue 2020: $994,404Expenses 2020: $1,384,842Net Income 2020: -$390,4382020Revenue 2021: $1,930,179Expenses 2021: $1,271,561Net Income 2021: $658,6182021Revenue 2022: $1,038,159Expenses 2022: $1,668,827Net Income 2022: -$630,6682022Revenue 2023: $771,441Expenses 2023: $1,328,676Net Income 2023: -$557,2352023Revenue 2024: $1,095,135Expenses 2024: $1,858,176Net Income 2024: -$763,0412024

Highlighted filing

2024

Revenue$1,095,135
Expenses$1,858,176
Net Income-$763,041
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.2
Gross Receipts
$1,141,511
Mission and Program Overview

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.

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$5,988,501$6,016,655▲ $28,154
Cash and Non-Interest-Bearing Accounts$314,073$207,032▼ $107,041
Inventories for Sale or Use$14,505$15,771▲ $1,266
Savings and Temporary Cash Investments$120,819$5,804▼ $115,015
Prepaid Expenses and Deferred Charges$2,687$2,469▼ $218
Accounts Receivable$255$0▼ $255
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Total Assets$6,457,287$6,258,878▼ $198,409
Other Assets Total$16,447$11,147▼ $5,300
Liabilities
Deferred Revenue$208,907$161,164▼ $47,743
Accounts Payable and Accrued Expenses$12,290$56,549▲ $44,259
Total Liabilities$221,197$217,713▼ $3,484
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,231,036$6,015,387▼ $215,649
Net Assets With Donor Restrictions$5,054$25,778▲ $20,724
Total Net Assets Fund Balance$6,236,090$6,041,165▼ $194,925
Total Liabilities and Net Assets / Fund Balance$6,457,287$6,258,878▼ $198,409

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$5,988,501-▲ $779,800-$6,016,655
2023$5,899,453-▲ $694,514-$5,988,501
2022$6,930,491-▼ $962,594-$5,899,453
2021$6,493,510-▲ $963,910-$6,930,491
2020$6,435,636-▲ $659,121-$6,493,510
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Glenna OlmstedFoundation Mgr.PT$40,800$40,800
Martha KirkmanSecretaryPT$26,400$26,400
Timothy OlmstedPresidentPT$16,500$16,500
Marjorie RodgersVice PresidentPT$16,224$16,224
Arvo FallonDirectorPT$11,220$11,220
Cathryn MayerTreasurerPT$7,200$7,200
Pema ChodronChairman-$4,800$4,800
Revenue and Support

Revenue Composition

Contributions and Grants
$486,308
Program Service Revenue
$460,133
Investment Income
$160,043
Other Revenue
$-11,349
All Other Contributions
$486,308
Change in Net Assets
$-763,041
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,674,285
Salaries, Compensation, and Employee Benefits$138,412
Other Expenses$45,479
Total Fundraising Expense$36,321
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,179,433--$1,179,433
Foreign Grants$482,182--$482,182
Current Officers, Directors, Trustees, and Key Employees$62,430$40,941$12,573$115,944
Advertising--$12,748$12,748
Grants to Domestic Individuals$12,670--$12,670
Other Salaries and Wages$8,400$3,600-$12,000
Fees for Services Accounting-$10,582-$10,582
Payroll Taxes$5,795$3,644$1,029$10,468
Information Technology$619-$7,621$8,240
Travel$4,946--$4,946
Office Expenses$1,003$1,002$1,002$3,007
Insurance-$1,143-$1,143
Fees for Services Legal-$875-$875
Other Expenses$-7,014$1,348$1,348$-7,014
Total Functional Expenses$1,758,720$63,135$36,321$1,858,176
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Drala Mountain CenterRed Feather, CO-Operational support for retreat ctr$300,000
Mangala Shri BhutiBoulder, CO-Support for church$200,000
Tsoknyi NunsCrestone, CO-Support nuns & their education$110,000
Drala Mountain CenterRed Feather, CO-Young Adult Retreats$75,392
Home Boy IndustriesLos Angeles, CA-Retraining for problem youth$50,000
Sravasti AbbeyNewport, WA-Monastic support$50,000
Konchok FoundationBoulder, CO-Monastic support$49,629
Malezi SchoolTivoli, NY-Support Kenyan school$36,100
Naropa Univ - CT Legacy FdnBoulder, CO-Support archive - Trungpa Rinpoche$25,000
Berkana InstituteProvo, UT-Community engagement & leadership$20,000
Tergar InstituteBrattleboro, VT-Scholarships for Buddhist study$20,000
Tibetan Nuns ProjectSeattle, WA-Support of nuns in retreat$20,000
Marpa Foundation EndowmentOtego, NY-Monastic support$15,686
Dorje Khyung Dzong RetreatCtrGardner, CO-Retreat facility fire mitigation$15,000
Himalayan Childrens FundBeverly Hills, CA-Earthquake reconstruction$12,624
House with HeartNew York, NY-Support abandoned children$10,000
Jhamtse Gatsal InternationalActon, MA-Support impoverished children$10,000
LEAP for LadiesMiami, FL-Assist women ex-prisoners$10,000
Prison Mindfulness InstituteSouth Deerfield, MA-Meditation in prisons$10,000
Profound Treasury Dharma FdnWest Bath, ME-Buddhist Education$10,000
Treasure Caretakers TrainingBoulder, CO-Preserve Buddhist sacred art$10,000

International Summary

Spending
$482,182

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
North AmericaGrants for programsMonastic & educational00$359,957
South AsiaGrants for programsMonastic & educational00$106,584
North AmericaGrants for programsArchiving and translation00$10,000
EuropeGrants for programsMonastic & educational00$5,641
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
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
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
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
No
Other officer compensation reviewed
No
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 A, Line 2

Family relationship: President Tim Olmsted and Executive Assistant Glenna Olmsted are husband and wife.

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

A draft of Form 990 is e-mailed to all board members for review before it is finalized and filed.

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

If any director or officer is aware that the organization is about to enter into any business transaction directly or indirectly with themself, any family member, or any entity in which they have a legal, ownership, or fiduciary interest or position, they must immediately inform those charged with approving the transaction on behalf of the organization, and disclose all material facts, and will be excluded from voting on the decision as to whether to enter such a transaction.

Form 990, Part VI, Section C, Line 19

Form 990 is posted on Guidestar website, and other documents are available through the Colorado Secretary of State's non-profit section of their website. Form 990 and the governing documents, policies, and financial statements are made available to anyone upon request to the Treasurer.

Filing and Contact Details

Filer

Filer Name
Pema Chodron Foundation
EIN
20-5958865
Address
P O Box 770630, Steamboat Springs, CO 80477

Signing Officer

Name
Cathryn Mayer
Title
Treasurer
Signed
2025-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Timothy Olmsted
Formed
2006
Legal Domicile
Co
Voting Board Members
6
Independent Board Members
1
Employees
7
Volunteers
5

Preparer

Firm
Lynele Jones CPA
Address
1147 Vivian St, Longmont, CO 80501
Preparer
Lynele Jones
Phone
3035791147
Supplemental Narrative

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

The Organization's Endowment Fund was created in order to provide assurance that the organization could continue to fund monastic and humanitarian projects into the distant future.

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IRS990/MissionDesc0Support 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.
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IRS990/OtherExpensesGrp/Desc3Alloc bk sale sals to COGS
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IRS990/ProgSrvcAccomActy2Grp/Desc0Drala Mountain Center is located on 600 acres in a mountain valley in Northern Colorado which has hosted Buddhist and other contemplative retreats snce 1971. In 2024 the Foundation granted $300,000 to help pay down a distressed loan for the center, subsidized scholarships for a youth retreat, and donated to its operating funds.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0394323
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0375392
IRS990/ProgSrvcAccomActy3Grp/Desc0Gampo 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.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0293086
IRS990/ProgSrvcAccomActy3Grp/GrantAmt0279015
IRS990/ProgSrvcAccomActyOtherGrp/Desc0Mangala Shri Bhuti is a Buddhist meditation retreat center located in Crestone, Colorado which provides retreat space and facilities for Buddhist practitioners to meet, receive teachings, and participate in religious ceremonies. Mangala Shri Bhuti provides regular reports on its activities, and during the year the facilities are visited by a Board member.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0210086
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt01029283
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IRS990ScheduleA/InvestmentIncomePYPct00.13250
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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt0818126
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0994404
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.26$0.22$6.04$1.10$1.86$0.76
2023Detailed filing. Detailed filing data is available for this year.$6.46$0.22$6.24$0.77$1.33$0.56
2022Detailed filing. Detailed filing data is available for this year.$6.43$0.28$6.15$1.04$1.67$0.63
2021Detailed filing. Detailed filing data is available for this year.$8.18$0.21$7.97$1.93$1.27$0.66
2020Detailed filing. Detailed filing data is available for this year.$6.77$0.20$6.57$0.99$1.38$0.39
2019Detailed filing. Detailed filing data is available for this year.$6.82$0.31$6.50$1.12$1.26$0.14
2018Detailed filing. Detailed filing data is available for this year.$6.09$0.23$5.86$1.17$0.90$0.27
2017Summary only. Only limited summary data is available for this year.$6.23$0.15$6.09$0.71$0.84$0.12
2016Detailed filing. Detailed filing data is available for this year.$5.78$0.09$5.69$0.85$0.42$0.43
2015Summary only. Only limited summary data is available for this year.$5.21$0.08$5.12$1.27$0.63$0.64
2014Summary only. Only limited summary data is available for this year.$4.90$0.14$4.77$0.82$0.32$0.50
2013Summary only. Only limited summary data is available for this year.$4.52$0.16$4.36$1.29$0.55$0.74
2012Summary only. Only limited summary data is available for this year.$3.60$0.18$3.42$1.01$0.31$0.70
2011Summary only. Only limited summary data is available for this year.$2.62$0.00$2.62$0.83$0.19$0.65