Tibet Fund Inc

EIN: 133115145 501(c)(3) International Affairs

NEW YORK, NY

Total Revenue
$12,389,267
Total Expenses
$11,803,727
Total Assets
$9,682,601
Net Assets
$8,460,085
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Financial Trends

Organization Details

Formation Year
1981
Legal Domicile
NY
Phone
2122135011
Tax Period
2023-01-01 to 2023-12-31

Tibet Fund Inc, founded in 1981, is a mid-sized nonprofit in the International Affairs sector that reported $12.4M in total revenue in fiscal year 2023. Expenses of $11.8M left a modest 5% surplus.

Mission

THE FUND'S MISSION IS TO HELP TIBETANS REBUILD AND IMPROVE THEIR LIVES AND PRESERVE THEIR DISTINCT CULTURAL HERITAGE AND NATIONAL IDENTITY. THE FUND SUPPORTS HUMANITARIAN AID, HEALTH, EDUCATION, COMMUNITY AND ECONOMIC DEVELOPMENT, AND CULTURAL PRESERVATION PROGRAMS THAT SERVE IMPOVERISHED TIBETANS LIVING IN EXILE AND IN TIBET.

Program Service Accomplishments

Program 1
Expenses: $4,391,462

EDUCATION AND SCHOLARSHIP - FOR THE PAST 35 YEARS, WITH FUNDING FROM THE U.S. STATE DEPARTMENT FROM 1988, THE TIBET FUND'S TIBETAN SCHOLARSHIP PROGRAM HAS ENABLED 474 TIBETAN REFUGEES TO EARN MASTERS...

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EDUCATION AND SCHOLARSHIP - FOR THE PAST 35 YEARS, WITH FUNDING FROM THE U.S. STATE DEPARTMENT FROM 1988, THE TIBET FUND'S TIBETAN SCHOLARSHIP PROGRAM HAS ENABLED 474 TIBETAN REFUGEES TO EARN MASTERS DEGREES OR ONE-YEAR CERTIFICATES AT SOME OF THE COUNTRY'S FINEST ACADEMIC INSTITUTIONS. THE FUND'S SPONSORSHIP PROGRAM SUPPORTED 437 SCHOOL AGE CHILDREN AT 41 SCHOOLS, INCLUDING 52 DISABLED CHILDREN, AND 2178 MONKS AND 124 NUNS AT 20 MONASTERIES AND 14 NUNNERIES, 57 ELDERS IN PROGRAMS IN NEPAL AND INDIA, AND 16 TIBETAN PERFORMING ARTS STUDENTS. THE FUND ALSO SUPPORTED 41 PROFESSIONAL SCHOLARSHIPS AND GIRLS SCHOLARSHIP FOR TIBETANS IN INDIA AND NEPAL IN ADDITION, TIBET FUND WAS ABLE TO SUPPORT THE ACTIVITIES AND EDUCATIONAL INSTITUTIONS WITH THE FUNDING RECEIVED FROM USAID AND U.S DEPARTMENT OF STATE BUREAU OF POPULATION, REFUGEE, AND MIGRATION.

Program 2
Expenses: $3,255,698

Religion and Cultural Preservation - The Fund works to sustain the distinct religious and cultural traditions of the Tibetan people by supporting Tibetan arts and cultural organizations, library...

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Religion and Cultural Preservation - The Fund works to sustain the distinct religious and cultural traditions of the Tibetan people by supporting Tibetan arts and cultural organizations, library, media, film and publishing projects, and programs that promote Tibetans' religious, cultural, and human rights aims. In addition, the Fund facilitates sponsorships for students in traditional learning centers located in the refugee settlements in India and Nepal.

Program 3
Expenses: $2,126,389

HEALTH CARE - TIBET FUND WAS ABLE TO SUPPORT HEALTH CARE PROGRAMS AND SERVICES WITHIN TIBETAN COMMUNITIES IN INDIA AND NEPAL WITH THE FUNDING RECEIVED FROM USAID AND THE U.S. DEPARTMENT OF STATE...

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HEALTH CARE - TIBET FUND WAS ABLE TO SUPPORT HEALTH CARE PROGRAMS AND SERVICES WITHIN TIBETAN COMMUNITIES IN INDIA AND NEPAL WITH THE FUNDING RECEIVED FROM USAID AND THE U.S. DEPARTMENT OF STATE BUREAU OF POPULATION, REFUGEE, AND MIGRATION. THESE COMMUNITIES ARE CONFRONTED WITH SEVERAL DIVERSE AND UNIQUE CHALLENGES THAT HAVE THE POTENTIAL TO FRAGMENT THE LONG-ESTABLISHED SETTLEMENT LIFE, THEREBY THREATENING THE LONG-TERM SUSTAINABILITY OF THE TIBETAN CULTURE AND IDENTITY ITSELF. INCREASING DEMOGRAPHIC AND OVERSEAS MIGRATION TRENDS, SCATTERED COMMUNITIES, INADEQUATE EMPLOYMENT OPPORTUNITIES LACK OF INCOME-GENERATING ACTIVITIES, AND LACK OF ALTERNATIVE SOURCE OF LIVELIHOOD IN THE SETTLEMENTS HAVE ALL GIVEN WAY TO A NEW SET OF CHALLENGING SCENARIOS IN THE EXILED TIBETAN COMMUNITY. THE TIBET FUND PRIORITIZES STRATEGIC DEVELOPMENT PROGRAMS THAT ARE AIMED AT REVITALIZING THE TIBETAN SETTLEMENTS AND EMPOWERING THE TIBETAN COMMUNITY AS A WHOLE. IN ADDITION TO ALLEVIATING POVERTY AND DEPRIVATION THROUGH FUNDING AND PROGRAMMATIC SUPPORT FROM THE US GOVERNMENT AND OUR DONORS, WE WORK TO FACILITATE ECONOMIC SELF-SUFFICIENCY THROUGH INITIATIVES THAT PROMOTE ENTREPRENEURSHIP SMALL ENTERPRISE DEVELOPMENT, EMPLOYMENT, AND JOB COMPETITIVENESS FOR UNEMPLOYED YOUTH. WE ALSO SUPPORT LOCAL GRASSROOTS TIBETAN NGO AND CIVIL SOCIETY ORGANIZATIONS TO ADDRESS LOCAL COMMUNITY PRIORITIES AND ALSO TO REINFORCE THEIR EFFECTIVENESS IN DELIVERING SOCIO-ECONOMIC AND WELFARE SERVICES.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $12,106,899
Program Service Revenue $0
Investment Income $264,435
Other Revenue $17,933
TOTAL REVENUE $12,389,267

Expense Breakdown

Grants Paid $10,926,442
Salaries & Benefits $593,262
Fundraising Expenses $78,656
Program Expenses $11,238,604
Other Expenses $284,023
TOTAL EXPENSES $11,803,727

Year-over-Year Comparison

2023 2022 Change
Revenue $12,389,267 $11,646,812 +0.1%
Expenses $11,803,727 $10,606,932 +0.1%
Net Income $585,540 $1,039,880 -0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
11
Independent Members
11
Employees
5
Volunteers
11

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
4
$282,820
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A VICE CHAIRMAN 1.0
Officer Director
$0 $0 $0
N/A CHAIRMAN 1.0
Officer Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A DIRECTOR OF FINANCE AND GRANTS 35.0
Officer
$69,800 $33,274 $103,074
N/A PRESIDENT 35.0
Officer
$161,922 $17,824 $179,746
N/A SCHOLARSHIP COORDINATOR 35.0
Highest
$68,105 $36,717 $104,822
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 $12,389,267 $11,803,727 $9,682,601 $585,540
2022 $11,646,812 $10,606,932 $7,932,663 $1,039,880
2021 $9,507,647 $9,806,596 $8,176,885 $-298,949
2020 $8,374,681 $8,659,805 $9,064,675 $-285,124
2019 $11,210,421 $10,810,274 $8,365,934 $400,147
2018 $10,255,717 $11,328,770 $7,323,258 $-1,073,053
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