Civic Intelligence

Bhutan Trust Fund for Environmental Conservation

EIN 31-1484039 • 501(c)4 • Thimphu, BT

Profile

"..... For the promotion of social welfare of the people of bhutan through conservation of forests, flora, fauna, wildlife, diverse eco-system and biodiversity in bhutan" (royal charter 1996)

Genyen Lam Post Box 520Thimphu 11001Bt

www.bhutantrustfund.bt

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

34th percentile

0.05x

Higher debt load relative to assets than 34% of similar nonprofits.

501(c)4 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

71st percentile

0.75x

Higher debt load relative to revenue than 71% of similar nonprofits.

501(c)4 • $50M-$100M nonprofits • Source year 2024

Net Margin

81st percentile

44%

Higher net margin than 81% of similar nonprofits.

501(c)4 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

26th percentile

-0.1%

Faster asset growth than 26% of similar nonprofits.

501(c)4 • $50M-$100M nonprofits • Annualized from 2022 to 2024

Revenue Growth

14th percentile

-17%

Faster revenue growth than 14% of similar nonprofits.

501(c)4 • $50M-$100M nonprofits • Annualized from 2022 to 2024

Assets

Down

$69,224,457

Down $200,783 (-0.3%) from 2022

Liabilities

Down

$3,196,506

Down $157,799 (-4.7%) from 2022

Net Assets

Down

$66,027,951

Down $42,984 (-0.1%) from 2022

Revenue

Down

$4,281,396

Down $1,866,280 (-30%) from 2022

Expenses

Up

$2,418,420

Up $761,879 (+46%) from 2022

Net Income

Down

$1,862,976

Down $2,628,159 (-59%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$80M$60M$40M$20M$0Assets 2021: $64,067,176Liabilities 2021: $1,967,477Net Assets 2021: $62,099,6992021Assets 2022: $69,425,240Liabilities 2022: $3,354,305Net Assets 2022: $66,070,9352022Assets 2024: $69,224,457Liabilities 2024: $3,196,506Net Assets 2024: $66,027,9512024

Highlighted filing

2024

Assets$69,224,457
Liabilities$3,196,506
Net Assets$66,027,951

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0Revenue 2021: $4,791,076Expenses 2021: $2,002,874Net Income 2021: $2,788,2022021Revenue 2022: $6,147,676Expenses 2022: $1,656,541Net Income 2022: $4,491,1352022Revenue 2024: $4,281,396Expenses 2024: $2,418,420Net Income 2024: $1,862,9762024

Highlighted filing

2024

Revenue$4,281,396
Expenses$2,418,420
Net Income$1,862,976

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 14, 2025
Return Version
2023v6.0
Gross Receipts
$4,281,396
Mission and Program Overview

Mission

Promotion of social welfare of the people of bhutan through conservation of forests, flora, fauna, wildlife, diverse eco-system and biodiversity in bhutan.

All citizens champion the preservation of biological diversity, resilience to climate change, co-existence with wildlife, and address adverse impacts of development on the environment through sustained financing.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$63,566,357$64,635,825▲ $1,069,468
Rtn Earn Endowment Incm Other Fnds$43,046,537$44,525,682▲ $1,479,145
Cap Stk Tr Prin Current Funds$21,578,082$21,502,269▼ $75,813
Accounts Receivable$420,108$2,725,719▲ $2,305,611
Land, Buildings, and Equipment, Net$1,179,497$1,632,453▲ $452,956
Cash and Non-Interest-Bearing Accounts$3,638,578$230,460▼ $3,408,118
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Total Assets$68,804,540$69,224,457▲ $419,917
Liabilities
Accounts Payable and Accrued Expenses$4,179,921$3,196,506▼ $983,415
Total Liabilities$4,179,921$3,196,506▼ $983,415
Net Assets / Fund Balance
Total Net Assets Fund Balance$64,624,619$66,027,951▲ $1,403,332
Total Liabilities and Net Assets / Fund Balance$68,804,540$69,224,457▲ $419,917

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,612,348$96,252-
Other Land Buildings$9,639$217,620-
Land$1--
Equipment$10,465$84,768-
Leasehold Improvements$0--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Karma TsheringManaging DirectorFT$48,476$48,476
Singye DorjiChief Financial OfficerFT$31,404$31,404
Kinley TsheringChief Program OfficeFT$24,905$24,905
Sonam WangmoAdminstrative OfficerFT$16,781$16,781

Board Members and Trustees

NameTitle
Kesang WangdiChairman of the Board
ChencoBoard Member
Dechen DorjiBoard of Trustee
Leki WangmoBoard of Trustee
Tashi PemBoard of Trustee
Ujjwal Deep DahalBoard of Trustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$3,128,226
Other Revenue
$1,153,170
Change in Net Assets
$1,862,976

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,281,396
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$4,281,396
Total Revenue per Form 990
$4,281,396
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,483,724
Other Expenses$645,631
Salaries, Compensation, and Employee Benefits$289,065
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$1,483,724--$1,483,724
Fees for Service Investment Mgmnt Fees-$303,596-$303,596
Current Officers, Directors, Trustees, and Key Employees$257,166--$257,166
Insurance$88,540--$88,540
Travel$70,356--$70,356
Advertising$56,341--$56,341
Office Expenses$42,806--$42,806
Fees for Services Lobbying$31,771--$31,771
Conferences and Meetings$19,454--$19,454
Other Employee Benefits$19,352--$19,352
Other Salaries and Wages$12,547--$12,547
Other Expenses$8,819--$8,819
Total Functional Expenses$2,114,824$303,596$0$2,418,420

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,418,419
Total Expenses per Audited Statements$2,418,419
Total Expenses per Form 990$2,418,419
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

International Summary

Offices
1
Employees
22
Spending
$1,483,724

International Compliance

Foreign grant records maintained
No
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 AsiaGrant MarketingEnvironment Conservation122$1,483,724
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
Audit committee
Yes
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
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

After completion of filling up form 990 along with relevant schedules, the whole set of documents is circulated to all the members of the board of trustee for their review and comments.

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

The declaration of conflict of interest (coi) policy is in place where all the members of the board of trustees and sub-committees are required to declare their coi in every meeting by filling up the conflict declaration form.

Form 990, Part VI, Section B, Line 15

Request for proposals are announced once every year through mass media, television and radios. Proposals are received are submitted to the eight-member technical advisory panel( tap) representing cross-sectoral expertise for further review and screening.tap recommended proposals with aggregate points 70 and above are submitted to the management board (the governing body) for approval. The board deliberates on the tap recommended proposals and approves through consensus. If no consensus is reached the proposals are returned to proponents. Low scoring proposals are also submitted to the board with proper justifications.

Form 990, Part VI, Section C, Line 19

Audited annual financial statements are made publicly available by uploading on our website. Regarding the declaration of conflict of interest, the policy and the coi declaration form are in place where all the members of the management board and sub-committees are required to declare their coi in every meeting. The coi policy is readily available for public reference on demand, but it is not available on our website for now.

Filing and Contact Details

Filer

Filer Name
Bhutan Trust Fund for Environmental
EIN
31-1484039
Phone
3037531959
Address
BT
Doing Business As
Grant Making Org From Invest Inc

Signing Officer

Name
Dr Karma Tshering
Title
Managing Director
Signed
2025-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Karma Tshering
Formed
1991
Legal Domicile
Pa
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
0

Preparer

Firm
Spicer Jeffries Llp
Address
4601 DTC BOULEVARD SUITE 700, DENVER, CO 80237
Preparer
Scott M Peterson
Phone
3037531959
Supplemental Narrative

Additional Explanations

Schedule for Form 990, Part III

She cycle solution -women led-initiative for sustainable waste management: objective: foster sustainable waste solutions in bhutan empowering marginalized women in rural communities. Accomplishments: 1. 10% reduction in plastic and other reusable wastes disposed in the waste disposal field. 2. Enhanced community driven waste management solutions in 6 chiwogs. 3. Three numbers of new products developed from wastes. 4. Women's income increased by 5% through the sale of new product developed from wastes.

Schedule for Form 990, Part III

Bhutan climate chronicles objective: raise awareness and appreciation for frontline conservation efforts by creating a compelling and relatable narrative through a four-part comic book series. Accomplishments: 1. Three scripts, character designs, environment designs, story boards, and the inserts texts completed. 2. Comic designs completed.

Schedule for Form 990, Part III

Integrated approach to improve degrated watershed - dagana dzongkhag objectives: improve degrated water sheds in dagana dzongkhag accomplishments: 1. 30 trenches constructed to enhance rain water seepage and recharge ground water. 2. Irrigation channel improved to enhance crop production. 3. Bunds constructed for reduction of erosion in streams.

Schedule for Form 990, Part III

Optimizing agriculture through solar lift irrigation to community of bali chiwog- punakha dzongkhag objective: address issues of irrigation water problem at bali chiwog through climate resilient technology (solar lift irrigation). Accomplishments: 1. Consultation with project beneficiaries completed. 2. Field visit by team of experts from international water management institute completed. 3. Tendering for execution of the project under process.

Schedule for Form 990, Part III

Climate resilient water management for sustainable agriculture in changsima village hungrel gewog, paro dzongkhag objective: develop a sustainable climate smart water supply and management system to boost agriculture in changsima village to contribute towards national food security. Accomplishments: 1. Consultation with project beneficiaries completed. 2. Field visit by team of experts from international water management institute completed. 3. Tendering for execution of the project under process.

Schedule for Form 990, Part III

Integrating conservation and community livelihood through holistic management of biological corridor 9 objective: to ensure persistence of the threatened species and safeguard the economic and social well-being of the communities by sustaining ecosystem services that supports livelihood activities. Accomplishments: 1. Conducted biodiversity survey protocol planning workshop. 2. Biodiversity survey inside the biological corridor 9 is completed. 3. Installation of polywire fencing and patrolling gears completed.

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IRS990/OtherExpensesGrp/Desc0HOSPITALITY & ENTERTAIN
IRS990/OtherExpensesGrp/Desc1OFFICE INAUGURATION
IRS990/OtherExpensesGrp/Desc2NON-RECURRENT EXPENSES
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IRS990/PrincipalOfficerNm0DR KARMA TSHERING
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IRS990/ProgSrvcAccomActy2Grp/Desc0MB0200Y19: CONSERVATION OF PROTECTED AREAS (BHUTAN FOR LIFE)OBJECTIVE: TO BUILD HQ BUILDINGS, RANGE OFFICE COMPOUNDS, STAFF QUARTERS, GUARD POSTS, GUEST HOUSES, AND VISITOR INFORMATION CENTERS.ACCOMPLISHMENTS: (I) FIELD SURVEYS/ DATA COLLECTION (INSTALLATION, MONITORING AND RETRIEVAL) FOR 2ND NATIONAL SNOW LEOPARD SURVEY COMPLETED.(II) THE CONSTRUCTION OF INFRASTRACTURES IN PARKS AND BIOLOGICAL CORRIDORS COMPLETED (JOMOTSANGKHA AND WAMRONG).(III) MAINTENANCE FOR EXISTING INFRASTRUCTURE IN BWS, JDNP, PWS, RMNP AND TRASHIGANG DFO COMPLETED.(IV) DETAILED POPULATION ESTIMATES SURVEY OF HORNBILL OF BHUTAN COMPLETED.(V) GENETIC SAMPLING FOR POPULATION ABUNDANCE ESTIMATION OF HIMALAYAN BLACK BEARS ON TRACK.(VI) 6. DETAILED DISTRIBUTION STUDY OF RAVEN IN BHUTAN ON TRACK.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0523309
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0202717
IRS990/ProgSrvcAccomActy3Grp/Desc0MB0212Y20: SNOWMEN RUN - SNOWMEN SECRETARIAT OFFICEOBJECTIVE:(I) TO UTILIZE THE FUNDS FOR THE SNOWMAN RUN WHICH WAS DELAYED DUE TO PANDEMIC FOR THE LAST TWO YEARS.(II) TO SUCCESSFULLY CONDUCT THE INAUGRATION OF THE SNOWMAN RACE,AN ULTRA-MARATHON IN OCTOBER 2022.(III) TO CREATE AWARENESS ABOUT CLIMATE CHANGE AND ITS EFFECTS ON THE HIMALAYAN REGION AND THE SNOWMAN RACE.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt059891
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IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt044525682
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01612348
IRS990ScheduleD/BuildingsGrp/DepreciationAmt096252
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt01708600
IRS990ScheduleD/EquipmentGrp/BookValueAmt010465
IRS990ScheduleD/EquipmentGrp/DepreciationAmt084768
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IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02418419
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IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0SOUTH ASIA
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0ENVIRONMENT CONSERVATION
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0GRANT MARKETING
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IRS990ScheduleF/ForeignPartnershipInd00
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IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt159891
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt210092
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt323752
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt423749
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt5760903
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt615901
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt741918
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt84764
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IRS990ScheduleF/GrantsToOrgOutsideUSGrp/DescriptionOfNonCashAsstTxt0INDIRECT EXPENSES
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/DescriptionOfNonCashAsstTxt1INDIRECT EXPENSES
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/DescriptionOfNonCashAsstTxt2INDIRECT EXPENSES
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/DescriptionOfNonCashAsstTxt3INDIRECT EXPENSES
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/DescriptionOfNonCashAsstTxt4INDIRECT EXPENSES
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/DescriptionOfNonCashAsstTxt5INDIRECT EXPENSES
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/DescriptionOfNonCashAsstTxt6INDIRECT EXPENSES
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/DescriptionOfNonCashAsstTxt7INDIRECT EXPENSES
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/DescriptionOfNonCashAsstTxt8INDIRECT EXPENSES
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/DescriptionOfNonCashAsstTxt9INDIRECT EXPENSES
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IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt5CHEQUE/PUBLIC ACCOUNT
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt6CHEQUE/PUBLIC ACCOUNT
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt7CHEQUE/PUBLIC ACCOUNT
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt8CHEQUE/PUBLIC ACCOUNT
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt9CHEQUE/PUBLIC ACCOUNT
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IRS990ScheduleF/GrantsToOrgOutsideUSGrp/NonCashAssistanceAmt81846
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/NonCashAssistanceAmt91546
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0CONS. OF PROTECTED AREAS
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt1SNOWMEN RUN- SNOWMEN SECRETARIAT OFFICE
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt2STREG. DOG POPULATION MGMT
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt3ESTABLISHMENT OF PERMANENT BIODIVERSITY MONITORING PLOTS
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt4UNCDF
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt5ADA TO CLIMATE INDUCE WATER STRESS
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt6SHE CYCLE SOLUTION -WOMEN LED-INITIATIVE
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt7INNOVATIVE AF
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt8UNDERSTANDING THE DYNAMICS OF SATONG AND GUNGTONG IN BHUTAN
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt9BHUTAN CLIMATE CHRONICLES
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0SOUTH ASIA
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt1SOUTH ASIA
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt2SOUTH ASIA
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt3SOUTH ASIA
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt4SOUTH ASIA
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt5SOUTH ASIA
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt6SOUTH ASIA
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt7SOUTH ASIA
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt8SOUTH ASIA
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt9SOUTH ASIA
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/ValuationMethodUsedDesc0BOOK
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/ValuationMethodUsedDesc1BOOK
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/ValuationMethodUsedDesc2BOOK
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/ValuationMethodUsedDesc3BOOK
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/ValuationMethodUsedDesc4BOOK
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/ValuationMethodUsedDesc5BOOK
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/ValuationMethodUsedDesc6BOOK
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/ValuationMethodUsedDesc7BOOK
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/ValuationMethodUsedDesc8BOOK
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/ValuationMethodUsedDesc9BOOK
IRS990ScheduleF/InterestInForeignTrustInd00
IRS990ScheduleF/PassiveForeignInvestmestCoInd00
IRS990ScheduleF/SubtotalEmployeesCnt022

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