Civic Intelligence

Sachen Foundation

990 • Fiscal year 2014 • EIN 91-1925472

Jan 01, 2014 to Dec 31, 2014 • Filed on May 14, 2015

PO Box 1417Friday Harbor, WA 98250

(360) 378-4059

Siviq Scores

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

Liabilities / Assets

24th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

24th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Net Margin

96th percentile

75%

Higher net margin than 96% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

47th percentile

$0

Higher top officer pay than 47% of similar nonprofits.

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

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Asset Growth

62nd percentile

6.9%

Faster asset growth than 62% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

99th percentile

783%

Faster revenue growth than 99% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Assets

Up

$615,732

Up $39,764 (+6.9%) from 2013

Net Assets

Up

$615,732

Up $39,764 (+6.9%) from 2013

Liabilities

Flat

$0

Flat from 2013

Revenue

Up

$53,236

Up $47,209 (+783%) from 2013

Expenses

Up

$13,472

Up $10,863 (+416%) from 2013

Net Income

Up

$39,764

Up $36,346 (+1063%) from 2013

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $568,841Liabilities 2011: $0Net Assets 2011: $568,8412011Assets 2012: $572,550Liabilities 2012: $0Net Assets 2012: $572,5502012Assets 2013: $575,968Liabilities 2013: $0Net Assets 2013: $575,9682013Assets 2014: $615,732Liabilities 2014: $0Net Assets 2014: $615,7322014Assets 2015: $616,646Liabilities 2015: $0Net Assets 2015: $616,6462015Assets 2016: $863,658Liabilities 2016: $0Net Assets 2016: $863,6582016Assets 2017: $878,888Liabilities 2017: $0Net Assets 2017: $878,8882017Assets 2018: $1,085,688Liabilities 2018: $0Net Assets 2018: $1,085,6882018Assets 2019: $2,974,666Liabilities 2019: $0Net Assets 2019: $2,974,6662019Assets 2020: $3,224,485Liabilities 2020: $5,250Net Assets 2020: $3,219,2352020Assets 2021: $2,744,211Liabilities 2021: $6,164Net Assets 2021: $2,738,0472021Assets 2022: $2,282,774Liabilities 2022: $28,836Net Assets 2022: $2,253,9382022Assets 2023: $2,561,896Liabilities 2023: $31,808Net Assets 2023: $2,530,0882023Assets 2024: $3,668,156Liabilities 2024: $29,211Net Assets 2024: $3,638,9452024

Highlighted filing

2014

Assets$615,732
Liabilities$0
Net Assets$615,732

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $8,9432011Expenses 2012: $7,3322012Revenue 2013: $6,027Expenses 2013: $2,609Net Income 2013: $3,4182013Revenue 2014: $53,236Expenses 2014: $13,472Net Income 2014: $39,7642014Revenue 2015: $9,723Expenses 2015: $8,809Net Income 2015: $9142015Revenue 2016: $253,012Expenses 2016: $6,000Net Income 2016: $247,0122016Revenue 2017: $19,883Expenses 2017: $4,653Net Income 2017: $15,2302017Revenue 2018: $308,529Expenses 2018: $100,589Net Income 2018: $207,9402018Revenue 2019: $2,000,598Expenses 2019: $111,620Net Income 2019: $1,888,9782019Revenue 2020: $162,046Expenses 2020: $156,676Net Income 2020: $5,3702020Revenue 2021: $220,447Expenses 2021: $762,305Net Income 2021: -$541,8582021Revenue 2022: $145,874Expenses 2022: $177,048Net Income 2022: -$31,1742022Revenue 2023: $95,871Expenses 2023: $159,605Net Income 2023: -$63,7342023Revenue 2024: $1,028,276Expenses 2024: $136,235Net Income 2024: $892,0412024

Highlighted filing

2014

Revenue$53,236
Expenses$13,472
Net Income$39,764
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
May 14, 2015
Return Version
2014v5.0
Gross Receipts
$53,236
Mission and Program Overview

Mission

Sachen foundation was established to support the education of monks and nuns; develop buddhist education and curriculum for children and lay practitioners, and preserve the sakya tradition through text publications and distribution.

SAKYA FOUNDATION was established to provide an opportunity for the practice and study of Tibetan Buddhism and culture. The Foundation represents the interests of the Sakya Tradition of Tibetan Buddhism and seeks the welfare of all sentient beings.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$565,237$565,237→ $0
Cash and Non-Interest-Bearing Accounts$10,731$50,495▲ $39,764
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
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-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$575,968$615,732▲ $39,764
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$575,968$615,732▲ $39,764
Total Net Assets Fund Balance$575,968$615,732▲ $39,764
Total Liabilities and Net Assets / Fund Balance$575,968$615,732▲ $39,764

Asset Categories

AssetBook ValueDepreciationBasis
Land$565,237--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Silvia YuehPresident
Laetitia SonamiVice President
Brian LaczkoBoard Member
Jennifer HarringtonBoard Member
Jin YeoBoard Member
Anne McCorkle MooreSecretary
Hui Meng TeeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$51,130
Program Service Revenue
$2,106
Investment Income
$0
Other Revenue
$0
All Other Contributions
$51,130
Change in Net Assets
$39,764
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$13,472
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$5,769--$5,769
Fees for Services Accounting-$595-$595
Fees for Services Legal-$432-$432
Office Expenses-$306-$306
Other Expenses$311$134-$134
Information Technology-$51-$51
All Other Expenses-$11-$11
Total Functional Expenses$11,943$1,529$0$13,472
International Activity

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
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
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, Line 11B: Form 990 Review Process

Form 990 is prepared by an outside tax professional. The form is then reviewed bythe organization's management. After a full review, the final version of the tax return is provided to all members of the organization's voting body. A representative of management authorizes the final form 990 which is then e-filed with the internal revenue service.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Members of the board of trustees review all potential conflicts of interest at least annually. All board members discuss (and are required to disclose) potential conflicts and any related party affiliations. Loans between the organization and members of management and the board are strictly prohibited. The organization seeks full transparency on all relationships. Any potential conflicts (in fact or appearance) are discussed openly and resolved in accordance with the organization's policies and procedures.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

All of the top management officials and all board members provide services to the Sakya Foundation on a pro-bono basis. There are no employees and none of the officers receives compensation.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

The Sakya Foundation does not have any employees.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

ALL OF THE ORGANIZATION'S GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND OTHER LEGALFILINGS ARE MAINTAINED IN A SECURE ENVIRONMENT AND HELD AVAILABLE FOR INSPECTION BYTAX AUTHORITIES AND THE GENERAL PUBLIC. TAX RETURNS ARE POSTED ANNUALLY TOWWW.GUIDESTAR.ORG (WHERE IT IS AVAILABLE FOR VIEWING AS AN ELECTRONIC COPY) AND ARE ALSO AVAILABLE AT THE ORGANIZATION'S OFFICE IN Friday Harbor, WASHINGTON (FOR A PHYSICAL INSPECTION).

Filing and Contact Details

Filer

Filer Name
Sakya Foundation
EIN
91-1925472
Phone
3603784059
Address
PO Box 1417, Friday Harbor, WA 98250

Signing Officer

Name
Jennifer Harrington
Title
2014 Treasurer
Signed
2015-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Silvia Yueh
Formed
2001
Legal Domicile
Wa
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
10

Preparer

Firm
Regalia & Associates CPAs
Address
103 Town Country Dr Ste K, Danville, CA 94526
Preparer
Douglas W Regalia
Phone
9253140390
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IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0565237
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IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0Funds are disbursed through payment of check
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS PREPARED BY AN OUTSIDE TAX PROFESSIONAL. THE FORM IS THEN REVIEWED BYTHE ORGANIZATION'S MANAGEMENT. AFTER A FULL REVIEW, THE FINAL VERSION OF THE TAX RETURN IS PROVIDED TO ALL MEMBERS OF THE ORGANIZATION'S VOTING BODY. A REPRESENTATIVE OF MANAGEMENT AUTHORIZES THE FINAL FORM 990 WHICH IS THEN E-FILED WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS OF THE BOARD OF TRUSTEES REVIEW ALL POTENTIAL CONFLICTS OF INTEREST AT LEAST ANNUALLY. ALL BOARD MEMBERS DISCUSS (AND ARE REQUIRED TO DISCLOSE) POTENTIAL CONFLICTS AND ANY RELATED PARTY AFFILIATIONS. LOANS BETWEEN THE ORGANIZATION AND MEMBERS OF MANAGEMENT AND THE BOARD ARE STRICTLY PROHIBITED. THE ORGANIZATION SEEKS FULL TRANSPARENCY ON ALL RELATIONSHIPS. ANY POTENTIAL CONFLICTS (IN FACT OR APPEARANCE) ARE DISCUSSED OPENLY AND RESOLVED IN ACCORDANCE WITH THE ORGANIZATION'S POLICIES AND PROCEDURES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2All of the top management officials and all board members provide services to the Sakya Foundation on a pro-bono basis. There are no employees and none of the officers receives compensation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Sakya Foundation does not have any employees.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL OF THE ORGANIZATION'S GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND OTHER LEGALFILINGS ARE MAINTAINED IN A SECURE ENVIRONMENT AND HELD AVAILABLE FOR INSPECTION BYTAX AUTHORITIES AND THE GENERAL PUBLIC. TAX RETURNS ARE POSTED ANNUALLY TOWWW.GUIDESTAR.ORG (WHERE IT IS AVAILABLE FOR VIEWING AS AN ELECTRONIC COPY) AND ARE ALSO AVAILABLE AT THE ORGANIZATION'S OFFICE IN Friday Harbor, WASHINGTON (FOR A PHYSICAL INSPECTION).
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO Box 1417
IRS990/USAddress/CityNm0Friday Harbor
IRS990/USAddress/StateAbbreviationCd0WA
IRS990/USAddress/ZIPCd098250
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Jennifer Harrington
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt02014 Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SAKYA FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0SAKY
ReturnHeader/Filer/EIN0911925472
ReturnHeader/Filer/PhoneNum03603784059

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.$3.67$0.03$3.64$1.03$0.14$0.89
2023Summary only. Only limited summary data is available for this year.$2.56$0.03$2.53$0.10$0.16$0.06
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.28$0.03$2.25$0.15$0.18$0.03
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.74$0.01$2.74$0.22$0.76$0.54
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.22$0.01$3.22$0.16$0.16$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.97$0.00$2.97$2.00$0.11$1.89
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.09$0.00$1.09$0.31$0.10$0.21
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.88$0.00$0.88$0.02$0.00$0.02
2016Summary only. Only limited summary data is available for this year.$0.86$0.00$0.86$0.25$0.01$0.25
2015Detailed filing. Detailed filing data is available for this year.$0.62$0.00$0.62$0.01$0.01$0.00
2014Detailed filing. Detailed filing data is available for this year.$0.62$0.00$0.62$0.05$0.01$0.04
2013Detailed filing. Detailed filing data is available for this year.$0.58$0.00$0.58$0.01$0.00$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.57$0.00$0.57$0.01
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.57$0.00$0.57$0.01
Peer Organizations

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