MACHIK CORP

EIN: 030377568 501(c)(3) Education

Washington, DC

Total Revenue
$302,116
Total Expenses
$287,323
Total Assets
$983,866
Net Assets
$966,636
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
DE
Principal Officer
Losang Rabgey
Phone
2025364858
Tax Period
2023-01-01 to 2023-12-31

MACHIK CORP, founded in 2005, is a small nonprofit in the Education sector that reported $302K in total revenue in fiscal year 2023. Revenue surged 69% from the prior year, signaling strong growth momentum. Expenses of $287K left a modest 5% surplus.

Mission

MACHIK'S PRIMARY PURPOSE IS TO GROW A GLOBAL COMMUNITY FOR A STRONGER FUTURE FOR TIBET THROUGH CIVIC ENGAGEMENT, GENDER EQUITY, SOCIAL INNOVATION, AND GOVERNANCE. THE ORGANIZATION PRIORTIZES COMMUNITY-BASED INITIATIVES THAT DRAW ON INNOVATIVE SOLUTIONS. MACHIK ALSO ENGAGES IN RESEARCH THAT SERVES THE PURPOSE OF THE OVERALL MISSION OF THE ORGANIZATION. PROGRAMS INCLUDED IN PERSON AND VIRTUAL FORMATS.

Program Service Accomplishments

Program 1
Expenses: $99,630 Revenue: $1,800

CIVIC ENGAGEMENT PROGRAM--MACHIK CONTINUED TO GROW PUBLIC EDUCATION TO A BROAD COMMUNITY OF TIBETANS, AMERICANS AND GLOBAL CITIZENS ABOUT THE VITAL IMPORTANCE OF ENGAGEMENT FOR TIBET THROUGH A NUMBER...

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CIVIC ENGAGEMENT PROGRAM--MACHIK CONTINUED TO GROW PUBLIC EDUCATION TO A BROAD COMMUNITY OF TIBETANS, AMERICANS AND GLOBAL CITIZENS ABOUT THE VITAL IMPORTANCE OF ENGAGEMENT FOR TIBET THROUGH A NUMBER OF INNOVATIVE INITIATIVES SUCH AS MACHIK WEEKEND, AND MACHIK COMMENCEMENT. THE 17TH ANNUAL MACHIK WEEKEND WAS WELL-ATTENDED WITH APPROXIMATELY 270 PEOPLE ATTENDING. THE PARTICIPANTS LEARNED MORE ABOUT SOCIAL INNOVATION AND ENGAGEMENT FOR TIBET, AND BUILDING GREATER UNDERSTANDING AMONG PARTICIPANTS. THE MACHIK COMMENCEMENT CELEBRATION ONCE AGAIN CONVENED TIBETANS AND SUPPORTERS FROM AROUND THE WORLD FOR A CONVERSATION ABOUT THE VALUE AND IMPACT OF EDUCATION. THE MACHIK COMMUNITY SCREENING PROGRAM CONTINUED TO ENGAGE AUDIENCES ABOUT TIBETAN LANGUAGE RESILIENCE AND SHARED KEY VIEWPOINTS THROUGH STORIES TOLD THROUGH TIBETAN STANDPOINTS.

Program 2
Expenses: $70,625 Revenue: $0

GOVERNANCE PROGRAM--WE CONTINUED TO PARTNER WITH GEORGE WASHINGTON UNIVERSITY ON GOVERNANCE AS IT RELATES TO RESEARCH, EDUCATION AND SOCIAL INNOVATION IN TIBET AS THIS AFFECTS OUR PROGRAMS WITH THE...

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GOVERNANCE PROGRAM--WE CONTINUED TO PARTNER WITH GEORGE WASHINGTON UNIVERSITY ON GOVERNANCE AS IT RELATES TO RESEARCH, EDUCATION AND SOCIAL INNOVATION IN TIBET AS THIS AFFECTS OUR PROGRAMS WITH THE TIBET GOVLAB. THIS PROGRAM CONTINUED RESEARCH, WORKSHOPS, AND SEMINARS TO CREATE MORE UNDERSTANDING OF TIBETAN INNOVATION, COMMUNITY NEEDS AND POSSIBLE WAYS FORWARD.

Program 3
Expenses: $42,963 Revenue: $0

SOCIAL INNOVATION PROGRAM--MACHIK FIRST INNOVATED THE EFFORT TO SPECIFICALLY IDENTIFY AND SUPPORT SOCIAL INNOVATORS IN TIBET. WE CONTINUED TO CREATE PLATFORMS FOR TIBETAN INNOVATORS TO CONNECT TO...

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SOCIAL INNOVATION PROGRAM--MACHIK FIRST INNOVATED THE EFFORT TO SPECIFICALLY IDENTIFY AND SUPPORT SOCIAL INNOVATORS IN TIBET. WE CONTINUED TO CREATE PLATFORMS FOR TIBETAN INNOVATORS TO CONNECT TO GLOBAL COMMUNITIES FOR THEIR STORIES AND VISIONS WHICH IN TURN GENERATE GREATER LEARNING AND UNDERSTANDING OF TIBETAN LIVES AND SOCIO-CULTURAL REALITIES TODAY. IN 2023, WE CONTINUED TO BUILD BRIDGES OF UNDERSTANDING BY FEATURING SPEAKERS FROM TIBET AT THE 17TH MACHIK WEEKEND.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $263,495
Program Service Revenue $1,801
Investment Income $36,820
Other Revenue $0
TOTAL REVENUE $302,116

Expense Breakdown

Grants Paid $60,000
Salaries & Benefits $142,116
Fundraising Expenses $19,320
Program Expenses $247,917
Other Expenses $85,207
TOTAL EXPENSES $287,323

Year-over-Year Comparison

2023 2022 Change
Revenue $302,116 $178,613 +0.7%
Expenses $287,323 $261,349 +0.1%
Net Income $14,793 $-82,736 -1.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
3
Employees
2
Volunteers
10

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$74,397
Total Directors
5
$74,397
Key Employees
1
$74,397
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Losang Rabgey President/ Treasurer 40
Officer Director Key Emp
$67,397 $7,000 $74,397
Tashi Rabgey Vice President/ Secretary 2
Officer Director
$0 $0 $0
Rebecca Martin Chair of Board of Directors 1
Officer Director
$0 $0 $0
Barbara Kelley Director 0.5
Director
$0 $0 $0
Tim Ward Director 0.5
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $302,116 $287,323 $983,866 $14,793
2022 $178,613 $261,349 $970,032 $-82,736
2021 $220,049 $240,936 $1,050,471 $-20,887
2020 $129,696 $262,297 $1,074,271 $-132,601
2019 $418,315 $315,945 $1,215,898 $102,370
2018 $185,913 $364,293 $1,116,817 $-178,380
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