Tsem Rinpoche Foundation

Overview

Mission

To promote the understanding and practice of the buddhist religion in the local area.

What it reported doing in 2024

The organization had been conducting the buddhist religious practice in the form of discussion sessions, education programs, offering cremonies and retreats at its santa clarita, California headquarters, together with ministry to relieve the suffering of the poor. Currently, the organization's activities are becoming dormant, but may resume when the board of directors returns to the united states. The organization currently operates a blog on buddhist religion.

Operating model

Revenue model
Donor-supported. 98% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The nonprofit carried out 100% of its reported program work directly.

Nonprofit profile at a glance

EIN
464855702
IRS 990 coverage
2014–2024
Forms available
Form 990 2024
Headquarters
Santa Monica, CA, USA
Rating
60
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Religion Related N.E.C.
Affiliation
Buddhism

Official website

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 18
  • Transparency & Controls: 100
  • Accountability: 88
  • Sustainability: 85
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 14.4%; rating input score 14
  • Program expense ratio: 24.9%; rating input score 25
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited
  • Public monitoring controls: Limited
  • Public policy transparency: Limited
  • Public financial transparency: Limited
  • Impact reporting controls: Limited
  • Public relationship transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
  • Public governance controls: Limited
  • Zakat policy transparency: Limited

Sustainability

  • Operating margin: 51%; rating input score 88; 88th percentile among comparable filings
  • Operating reserve ratio: 116.9; rating input score 95; 95th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 60; 60th percentile among comparable filings

Growth

  • Program expense growth: -33.1% per year; rating input score 0; 10th percentile among comparable filings
  • Revenue growth: -33.5% per year; rating input score 0; 12th percentile among comparable filings
  • Asset growth: 2.9% per year; rating input score 100; 56th percentile among comparable filings

Details

  • Where the money goes: 14.4% of revenue deployed · 24.9% of spending went to programs
  • Governance: 5 of 5 board members independent · 5 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $733 in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 12 of 12 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 10 annual filings from 2014 to 2024
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.