SAKYA TSECHEN ASSOCIATION INC

EIN: 464079608 501(c)(3) Religion

WOODSIDE, NY

Total Revenue
$130,580
Total Expenses
$118,408
Total Assets
$1,663,726
Net Assets
$1,644,734
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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
NY
Principal Officer
JIGME DORJE
Phone
3473022822
Tax Period
2024-08-01 to 2025-07-31

SAKYA TSECHEN ASSOCIATION INC, founded in 2013, is a small nonprofit in the Religion sector that reported $131K in total revenue in fiscal year 2024. Revenue fell 71% from the prior year — a significant decline worth monitoring. Expenses of $118K left a modest 9% surplus.

Mission

To promote Tibetan Buddhist religion, education, language and culture.

Program Service Accomplishments

Program 1
Expenses: $45,645 Revenue: $79,869

Buddhists Teachings & Prayers Services Members of this Association are first generation Tibetan immigrants and are mostly Buddhists traditionally. Teachings and seminars are organized throughout the...

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Buddhists Teachings & Prayers Services Members of this Association are first generation Tibetan immigrants and are mostly Buddhists traditionally. Teachings and seminars are organized throughout the year to provide continuous buddhist learning. The teachings are given by monks of the Sakya Order, which is one of the four major Tibetan Buddhist Traditions that dated back in 1073AD, and are supervised by Sakya Trizin the present head of the Sakya Order. The Association also provide various religious services on request. These religious ceremonies are deeply ingrained in the Tibetan tradition. The observances are conducted by, and in conjunction with, Tsechen Kunchab Ling, the affiliate main monastery in Walden, NY, Palden Sakya Center and Vikramasila Foundation in New York City. These seminars and religious ceremonies were attended by about 4000 people during the year and open free to the public. There are about 450 volunteers who help to carry the functions of these events.

Program 2
Expenses: $29,302 Revenue: $25,345

Language and Cultural Program The need to preserve the Tibetan language and culture is of imminent importance for second generation immigrants. Hence these classes are offered for the purpose of...

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Language and Cultural Program The need to preserve the Tibetan language and culture is of imminent importance for second generation immigrants. Hence these classes are offered for the purpose of preserving the culture and languages. These classes are provided online on a daily basis with about 273 students. Classes are conducted by 8 teachers and assisted by 3 assistant teachers. There are also monthly classes for traditional Tibetan songs and dances. Special classes are held to train students to perform in various religious ceremonies and festivals throughout the year. These song and dance programs help to preserve Tibetan history and culture. These classes have about 96 participants and are conducted by 10 volunteers. coordination to commemorate major religious events and festivals. Served:44 individuals Teaching Volunteers:8

Program 3
Expenses: $33,533 Revenue: $22,675

Building Fund The Association purchased a building on April 2024 as its main activity center. It is used for administration, religious ceremonies, buddhist lectures, and to conduct Tibenta language...

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Building Fund The Association purchased a building on April 2024 as its main activity center. It is used for administration, religious ceremonies, buddhist lectures, and to conduct Tibenta language classes. It also serves as a social meeting place for members to exchange various social related information such as jobs, schools, housing, health care etc. Thus it has supplmented most of the functions of the Outreach Fund

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $130,176
Investment Income $404
Other Revenue $0
TOTAL REVENUE $130,580

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $111,737
Other Expenses $118,408
TOTAL EXPENSES $118,408

Year-over-Year Comparison

2024 2023 Change
Revenue $130,580 $448,450 -0.7%
Expenses $118,408 $208,866 -0.4%
Net Income $12,172 $239,584 -0.9%
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
20
Independent Members
20
Employees
N/A
Volunteers
426

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
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Yeshi GYALTSEN President 6.00
Officer
$0 $0 $0
Ngawang DHARGAY Vice President 6.00
Officer
$0 $0 $0
Jigme DORJE Secretary 4.00
Officer
$0 $0 $0
Ngawang NORBU Accountant 4.00
Officer
$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
2025 $130,580 $118,408 $1,663,726 $12,172
2024 $448,450 $208,866 $1,796,554 $239,584
2023 $280,154 $153,357 $1,392,977 $126,797
2022 $100,956 $124,681 $1,270,408 $-23,725
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