Civic Intelligence

Tibetan Charities Inc.

990 • Fiscal year 2017 • EIN 27-3286196

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 13, 2018

875 State Route 28Kingston, NY 12401

(845) 383-1774

Siviq Scores

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

Liabilities / Assets

95th percentile

0.70x

Higher debt load relative to assets than 95% of similar nonprofits.

2017 filings • NTEE T30 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

97th percentile

0.90x

Higher debt load relative to revenue than 97% of similar nonprofits.

2017 filings • NTEE T30 • <$500k nonprofits • Source year 2017

Net Margin

55th percentile

7.2%

Higher net margin than 55% of similar nonprofits.

2017 filings • NTEE T30 • <$500k nonprofits • Source year 2017

Top Officer Pay

91st percentile

$0

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • NTEE T30 • <$500k nonprofits • Source year 2017

Asset Growth

39th percentile

-1.4%

Faster asset growth than 39% of similar nonprofits.

2017 filings • NTEE T30 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

51st percentile

6.3%

Faster revenue growth than 51% of similar nonprofits.

2017 filings • NTEE T30 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Down

$419,219

Down $6,045 (-1.4%) from 2016

Net Assets

Up

$125,791

Up $23,469 (+23%) from 2016

Liabilities

Down

$293,428

Down $29,514 (-9.1%) from 2016

Revenue

Up

$324,646

Up $19,202 (+6.3%) from 2016

Expenses

Up

$301,177

Up $23,453 (+8.4%) from 2016

Net Income

Down

$23,469

Down $4,251 (-15%) from 2016

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2010: $50,081Liabilities 2010: $50,069Net Assets 2010: $122010Assets 2011: $372,292Liabilities 2011: $351,494Net Assets 2011: $20,7982011Assets 2012: $723,504Liabilities 2012: $331,840Net Assets 2012: $391,6642012Assets 2013: $751,736Liabilities 2013: $330,077Net Assets 2013: $421,6592013Assets 2014: $733,620Liabilities 2014: $339,498Net Assets 2014: $394,1222014Assets 2015: $763,617Liabilities 2015: $345,697Net Assets 2015: $417,9202015Assets 2016: $425,264Liabilities 2016: $322,942Net Assets 2016: $102,3222016Assets 2017: $419,219Liabilities 2017: $293,428Net Assets 2017: $125,7912017Assets 2018: $435,216Liabilities 2018: $276,936Net Assets 2018: $158,2802018Assets 2019: $514,196Liabilities 2019: $219,995Net Assets 2019: $294,2012019Assets 2020: $1,002,389Liabilities 2020: $779,830Net Assets 2020: $222,5592020Assets 2021: $839,305Liabilities 2021: $771,694Net Assets 2021: $67,6112021Assets 2022: $878,494Liabilities 2022: $665,817Net Assets 2022: $212,6772022Assets 2023: $630,345Liabilities 2023: $398,983Net Assets 2023: $231,3622023Assets 2024: $358,860Liabilities 2024: $87,922Net Assets 2024: $270,9382024

Highlighted filing

2017

Assets$419,219
Liabilities$293,428
Net Assets$125,791

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2010: $31,438Expenses 2010: $31,426Net Income 2010: $122010Revenue 2011: $116,595Expenses 2011: $95,809Net Income 2011: $20,7862011Expenses 2012: $266,5782012Revenue 2013: $308,894Expenses 2013: $278,899Net Income 2013: $29,9952013Revenue 2014: $401,467Expenses 2014: $429,004Net Income 2014: -$27,5372014Revenue 2015: $419,964Expenses 2015: $396,166Net Income 2015: $23,7982015Revenue 2016: $305,444Expenses 2016: $277,724Net Income 2016: $27,7202016Revenue 2017: $324,646Expenses 2017: $301,177Net Income 2017: $23,4692017Revenue 2018: $234,849Expenses 2018: $202,360Net Income 2018: $32,4892018Revenue 2019: $316,579Expenses 2019: $180,658Net Income 2019: $135,9212019Revenue 2020: $66,336Expenses 2020: $137,978Net Income 2020: -$71,6422020Revenue 2021: $111,792Expenses 2021: $266,740Net Income 2021: -$154,9482021Revenue 2022: $441,321Expenses 2022: $296,255Net Income 2022: $145,0662022Revenue 2023: $307,027Expenses 2023: $288,342Net Income 2023: $18,6852023Revenue 2024: $328,636Expenses 2024: $289,060Net Income 2024: $39,5762024

Highlighted filing

2017

Revenue$324,646
Expenses$301,177
Net Income$23,469
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 13, 2018
Return Version
2017v2.3
Gross Receipts
$324,646
Mission and Program Overview

Mission

A charitable endeavor dedicated to raising awareness about tibetan culture and the current flight of the tibetan people.

A charitable endeavor dedicated to raising awareness about tibetan culture and the current plight of the tibetan people.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$390,601$381,492▼ $9,109
Loans From Officers Directors$158,102$135,914▼ $22,188
Cash and Non-Interest-Bearing Accounts$34,663$37,727▲ $3,064
Total Assets$425,264$419,219▼ $6,045
Liabilities
Mortgage Notes Payable Secured by Investment Property$161,166$154,906▼ $6,260
Accounts Payable and Accrued Expenses$3,674$2,608▼ $1,066
Total Liabilities$322,942$293,428▼ $29,514
Net Assets / Fund Balance
Unrestricted Net Assets$102,322$125,791▲ $23,469
Total Net Assets Fund Balance$102,322$125,791▲ $23,469
Total Liabilities and Net Assets / Fund Balance$425,264$419,219▼ $6,045

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$327,517$65,998$393,515
Other Land Buildings$29,380$23,780$53,160
Land$24,000-$24,000
Equipment$595$555$1,150
Compensation and Service Providers

Board Members and Trustees

NameTitle
Stephen DragoPresident
Donna WaltzDirector
Madeline BreckenridgeDirector
Michael SilverVP/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$19,720
Program Service Revenue
$10,428
Investment Income
$62
Other Revenue
$294,436
All Other Contributions
$19,720
Change in Net Assets
$23,469
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$179,100
Salaries, Compensation, and Employee Benefits$118,904
Grants and Similar Amounts Paid$3,173
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$102,568$5,398-$107,966
Occupancy$20,177$931-$21,108
Depreciation Depletion$16,861$887-$17,748
All Other Expenses$12,827$2,551-$15,378
Fees for Services Accounting-$11,958-$11,958
Payroll Taxes$10,391$547-$10,938
Insurance$9,259$396-$9,655
Travel$9,121--$9,121
Other Expenses$6,446$591-$6,446
Fees for Services Legal-$3,996-$3,996
Advertising$2,446--$2,446
Fees for Services Other$2,125$175-$2,300
Grants to Domestic Orgs$1,925--$1,925
Office Expenses-$1,742-$1,742
Foreign Grants$1,248--$1,248
Interest$252$13-$265
Total Functional Expenses$271,992$29,185$0$301,177
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
Loans from Officers, Directors, Trustees, and Key Employees$158,102$135,914▼ $22,188
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
No
Backup withholding compliance
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The 990 will be reviewed by the president and vice president of the board before being filed.

Form 990, Page 6, Part VI, Line 19

A copy of the 990 is available upon written request.

Filing and Contact Details

Filer

Filer Name
Tibetan Charities Inc
EIN
27-3286196
Phone
8453831774
Address
875 STATE ROUTE 28, KINGSTON, NY 12401

Signing Officer

Name
Stephen Drago
Title
President
Phone
8453831774
Signed
2018-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stephen Drago
Formed
2010
Legal Domicile
Ny
Voting Board Members
4
Independent Board Members
2
Employees
12
Volunteers
10

Preparer

Firm
Pattison Koskey Howe & Bucci Cpas Pc
Address
157 STOCKADE DRIVE, KINGSTON, NY 12401
Preparer
Matthew H Vanderbeck
Phone
8453315030
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

The organization has evaluated any uncertain tax positions and determined uncertain positions, if any, are not material to the financial statements, according to fasb asc 740-10. Penalties and interest assessed by income taxing authorities are included in operating expenses, if incurred. The organization is no longer subject to examination by federal or state taxing authorities for years prior to the year ended december 31, 2014.

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IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt081641
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt0769302
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt062
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt088
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt035
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt025
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt017
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0227
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt015194
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt0167280
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt0108892
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0291366
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.83130
IRS990ScheduleA/PublicSupportPY509Pct00.81550
IRS990ScheduleA/PublicSupportTotal509Amt01436523
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0309390
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0305356
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0296495
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0310516
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0214766
IRS990ScheduleA/Total509Grp/TotalAmt01436523
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0324646
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0305444
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0296530
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0477821
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0323675
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01728116
IRS990/ScheduleBRequiredInd0true
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt065998
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0393515
IRS990ScheduleD/EquipmentGrp/BookValueAmt0595
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0555
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01150
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt024000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt024000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt029380
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt023780
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt053160
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS EVALUATED ANY UNCERTAIN TAX POSITIONS AND DETERMINED UNCERTAIN POSITIONS, IF ANY, ARE NOT MATERIAL TO THE FINANCIAL STATEMENTS, ACCORDING TO FASB ASC 740-10. PENALTIES AND INTEREST ASSESSED BY INCOME TAXING AUTHORITIES ARE INCLUDED IN OPERATING EXPENSES, IF INCURRED. THE ORGANIZATION IS NO LONGER SUBJECT TO EXAMINATION BY FEDERAL OR STATE TAXING AUTHORITIES FOR YEARS PRIOR TO THE YEAR ENDED DECEMBER 31, 2014.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0381492
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0135914
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0PURCHASE OF LAND AND BUILDING
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0240000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0STEPHEN DRAGO
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/TotalBalanceDueAmt0135914
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 WILL BE REVIEWED BY THE PRESIDENT AND VICE PRESIDENT OF THE BOARD BEFORE BEING FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE 990 IS AVAILABLE UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0425264
IRS990/TotalAssetsEOYAmt0419219
IRS990/TotalAssetsGrp/BOYAmt0425264
IRS990/TotalAssetsGrp/EOYAmt0419219
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt019720
IRS990/TotalEmployeeCnt012
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt029185
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0271992
IRS990/TotalFunctionalExpensesGrp/TotalAmt0301177
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0322942
IRS990/TotalLiabilitiesEOYAmt0293428
IRS990/TotalLiabilitiesGrp/BOYAmt0322942
IRS990/TotalLiabilitiesGrp/EOYAmt0293428
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0102322
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0125791
IRS990/TotalProgramServiceExpensesAmt0271992
IRS990/TotalProgramServiceRevenueAmt010428
IRS990/TotalRevenueGrp/ExclusionAmt0273864
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt031062
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0324646
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0425264
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0419219
IRS990/TravelGrp/ProgramServicesAmt09121
IRS990/TravelGrp/TotalAmt09121
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0102322
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0125791
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0875 STATE ROUTE 28
IRS990/USAddress/CityNm0KINGSTON
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd012401
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0WWW.TIBETANCENTER.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0STEPHEN DRAGO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08453831774
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TIBETAN CHARITIES INC
ReturnHeader/Filer/BusinessNameControlTxt0TIBE
ReturnHeader/Filer/EIN0273286196
ReturnHeader/Filer/PhoneNum08453831774
ReturnHeader/Filer/USAddress/AddressLine1Txt0875 STATE ROUTE 28
ReturnHeader/Filer/USAddress/CityNm0KINGSTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd012401
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId06FDCA4E330C00477A80908634ACAB38F0FC3B20E
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0455B532A2BE6CF8D31BDB69407BD4E9D5D976D5E
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt069.206.33.205
ReturnHeader/FilingSecurityInformation/IPDt02018-11-14
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm008:42:19
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0141746505
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PATTISON KOSKEY HOWE & BUCCI CPAS PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0157 STOCKADE DRIVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0KINGSTON

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.36$0.09$0.27$0.33$0.29$0.04
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.63$0.40$0.23$0.31$0.29$0.02
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.88$0.67$0.21$0.44$0.30$0.15
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.84$0.77$0.07$0.11$0.27$0.15
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.00$0.78$0.22$0.07$0.14$0.07
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.51$0.22$0.29$0.32$0.18$0.14
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.44$0.28$0.16$0.23$0.20$0.03
2017Detailed filing. Detailed filing data is available for this year.$0.42$0.29$0.13$0.32$0.30$0.02
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.43$0.32$0.10$0.31$0.28$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.76$0.35$0.42$0.42$0.40$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.73$0.34$0.39$0.40$0.43$0.03
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.75$0.33$0.42$0.31$0.28$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.72$0.33$0.39$0.27
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.37$0.35$0.02$0.12$0.10$0.02
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.05$0.05$0.00$0.03$0.03$0.00
Peer Organizations

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