THE SAKYONG FOUNDATION

EIN: 204832237 501(c)(3) Religion

BOULDER, CO

Total Revenue
$58,057
Total Expenses
$98,135
Total Assets
$608,884
Net Assets
$444,078
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
CO
Principal Officer
JEFFREY WALTCHER
Phone
3038151588
Tax Period
2019-01-01 to 2019-12-31

THE SAKYONG FOUNDATION, founded in 2006, is a micro nonprofit in the Religion sector that reported $58K in total revenue in fiscal year 2019. Revenue fell 89% from the prior year — a significant decline worth monitoring. Expenses of $98K exceeded revenue, resulting in a 69% operating deficit.

Mission

ESTABLISHED BY THE SAKYONG, JAMGON MIPHAM RINPOCHE, THE FOUNDATION PROVIDES SUPPORT TO ORGANIZATIONS AND PROJECTS WHOSE ACTIVITIES EXEMPLIFY THE VISION OF SHAMBHALA, A CONTEMPLATIVE TRADITION GROUNDED IN THE VIEW THAT THE PATH TO PEACE FOR INDIVIDUALS AND SOCIETY IS BASED ON THE CULTIVATION OF UNIVERSAL HUMAN QUALITIES: WISDOM, COMPASSION, AND COURAGE.

Program Service Accomplishments

Program 1
Expenses: $34,469

THE DORJE KASUNG OPERATIONAL FUND AND ENDOWMENT IS AN OPERATIONAL GRANT TO ASSIST IN THE SUPPORT OF THE LARGEST VOLUNTEER SERVICE ORGANIZATION WITH SHAMBHALA THAT PROVIDES PROTECTION FOR THE PHYSICAL...

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THE DORJE KASUNG OPERATIONAL FUND AND ENDOWMENT IS AN OPERATIONAL GRANT TO ASSIST IN THE SUPPORT OF THE LARGEST VOLUNTEER SERVICE ORGANIZATION WITH SHAMBHALA THAT PROVIDES PROTECTION FOR THE PHYSICAL SPACES, THE TEACHERS AND TEACHINGS AND PROMOTES HEALTH AND WELL BEING COMMUNITY CARE SERVICES.

Program 2
Expenses: $11,000

BOULDER SHAMBHALA CENTER ENDOWMENT SUPPORTS THE BOULDER BRANCH OF A GLOBAL NETWORK OF MEDITATION AND CONTEMPLATIVE ARTS CENTERS. THERE ARE MORE THAN 170 CENTERS AND GROUPS AROUND THE WORLD, AS WELL...

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BOULDER SHAMBHALA CENTER ENDOWMENT SUPPORTS THE BOULDER BRANCH OF A GLOBAL NETWORK OF MEDITATION AND CONTEMPLATIVE ARTS CENTERS. THERE ARE MORE THAN 170 CENTERS AND GROUPS AROUND THE WORLD, AS WELL AS THOUSANDS OF INDIVIDUAL MEMBERS. SHAMBHALA MEDITATION CENTERS OFFER COURSES IN MEDITATION AND OTHER CONTEMPLATIVE ARTS AND DISCIPLINES AND ALSO HOST COMMUNITY GATHERINGS, CELEBRATIONS AND FAMILY EVENTS. IN COMMUNITY LIFE, SHAMBHALA ENDEAVORS TO PUT INTO PRACTICE THE PRINCIPLES OF COURAGE AND COMPASSION. THIS HELPS INDIVIDUALS TO EXPERIENCE DAILY LIFE AS A CONSTANT OPPORTUNITY FOR SPIRITUAL PRACTICE AND SOCIAL SERVICE.

Program 3
Expenses: $7,721

THE CASA WERMA PROJECT PROVIDES SUPPORT FOR SECURING THE TITLE TO THE PROPERTY OF THIS EDUCATIONAL CENTER IN PATZCUARO, MEXICO THAT OFFERS PROGRAMMING IN MEDITATIVE AND CONTEMPLATIVE PRACTICES AND...

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THE CASA WERMA PROJECT PROVIDES SUPPORT FOR SECURING THE TITLE TO THE PROPERTY OF THIS EDUCATIONAL CENTER IN PATZCUARO, MEXICO THAT OFFERS PROGRAMMING IN MEDITATIVE AND CONTEMPLATIVE PRACTICES AND SEMINARS IN ENLIGHTENED LEADERSHIP AND ENGAGEMENT.

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Trantor Score

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

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $30,922
Program Service Revenue $100
Investment Income $27,035
Other Revenue $0
TOTAL REVENUE $58,057

Expense Breakdown

Grants Paid $43,016
Salaries & Benefits $30,079
Fundraising Expenses $2,271
Program Expenses $60,131
Other Expenses $25,040
TOTAL EXPENSES $98,135

Year-over-Year Comparison

2019 2018 Change
Revenue $58,057 $524,438 -0.9%
Expenses $98,135 $584,234 -0.8%
Net Income $-40,078 $-59,796 -0.3%
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
5
Independent Members
5
Employees
1
Volunteers
N/A

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
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SAKYONG MIPHAM RINPOCHE DIRECTOR FIRST CLASS 5.00
Officer Director
$0 $0 $0
JESSE GRIMES DIRECTOR 5.00
Director
$0 $0 $0
ALEXANDER HALPERN SECRETARY 5.00
Officer Director
$0 $0 $0
CONNIE BROCK DIRECTOR 5.00
Director
$0 $0 $0
JEFF WALTCHER EXECUTIVE DIRECTOR 10.00
Officer 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
2019 $58,057 $98,135 $608,884 $-40,078
2018 $524,438 $584,234 $615,389 $-59,796
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