MARPA FOUNDATION FOR THE STUDY PRACTICE & SUPPORT OF BUDDHA DHARMA

EIN: 770378622 501(c)(3) Religion

OTEGO, NY

Total Revenue
$433,980
Total Expenses
$390,538
Total Assets
$4,521,269
Net Assets
$4,514,889
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
CA
Phone
6079882696
Tax Period
2023-01-01 to 2023-12-31

MARPA FOUNDATION FOR THE STUDY PRACTICE & SUPPORT OF BUDDHA DHARMA, founded in 1994, is a small nonprofit in the Religion sector that reported $434K in total revenue in fiscal year 2023. Expenses of $391K left a modest 10% surplus.

Mission

THIS CORPORATION IS A NONPROFIT RELIGIOUS CORPORATION AND IS NOT ORGANIZED FOR THE PRIVATE GAIN OF ANY PERSON. IT IS ORGANIZED UNDER THE NONPROFIT RELIGIOUS CORPORATION LAW PRIMARILY FOR RELIGIOUS PURPOSES. THE SPECIFIC PURPOSES FOR WHICH THIS CORPORATION IS ORGANIZED ARE TO PRESERVE AND TRANSMIT THE TEACHINGS OF THE BUDDHA DHARMA; AND TO SUPPORT NEEDY BUDDHIST NUNS, MONKS TEACHERS AND LAY PERSONS THROUGHOUT THE WORLD.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $292,097
Program Service Revenue $0
Investment Income $141,103
Other Revenue $780
TOTAL REVENUE $433,980

Expense Breakdown

Grants Paid $314,334
Salaries & Benefits $20,000
Fundraising Expenses $6,461
Program Expenses $368,558
Other Expenses $56,204
TOTAL EXPENSES $390,538

Year-over-Year Comparison

2023 2022 Change
Revenue $433,980 $403,495 +0.1%
Expenses $390,538 $283,429 +0.4%
Net Income $43,442 $120,066 -0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
16

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
$20,000
Total Directors
7
$20,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELIZABETH CALLAHAN President 20.00
Officer Director
$20,000 $0 $20,000
DZOGCHEN PONLOP RINPOCHE Director 0.20
Director
$0 $0 $0
YU-CHIN CHEN Director 5.00
Director
$0 $0 $0
CLAUDINE MONA Director 4.00
Director
$0 $0 $0
SCOTT WELLENBACH Secretary 4.00
Officer Director
$0 $0 $0
KHENPO TSULTRIM GYAMTSO RINPOC Director 0.20
Director
$0 $0 $0
HARA KALOMIRI Director 1.00
Director
$0 $0 $0
DEREK KOLLEENY FINANCE OFFICER 0.25
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
2024 No data No data No data No data
2023 $433,980 $390,538 $4,521,269 $43,442
2023 No data No data No data No data
2022 $403,495 $283,429 $4,210,526 $120,066
2022 $403,495 $283,429 $4,210,526 $120,066
2021 $495,491 $285,675 $4,698,406 $209,816
2020 $1,286,734 $341,026 $4,372,478 $945,708
2019 $639,358 $461,081 $3,222,139 $178,277
2018 $749,223 $715,515 $2,776,265 $33,708
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