Mindrolling Charitable Society Inc

Overview

Mission

To provide Buddhist education and meditation practice in the Tibetan Buddhist Nyingma Tradition by providing meditation and Buddhist study retreats, by assisting in the translation and dissemination of Buddhist texts and teachings.

What it reported doing in 2024

Program consists of a meditation, retreat, and education center taught by Buddhist meditation masters. Approximately 1,000 people served by these programs. Public classes in Stanley, Virginia and other locations throughout the world that serve the general public; and educational support for students in monasteries in Sikkim and India. Training and education of approximately 45 Tibetan women living in a nunnery in India, support of monks in long-term retreats in India, and support for a leprosy colony in India.

Operating model

Revenue model
Donor-supported. 74% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 75% for direct work, and 25% for grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

Nonprofit profile at a glance

EIN
841330685
IRS 990 coverage
2013–2024
Forms available
Form 990 2024
Location
Stanley, VA, USA
Phone
5407782405
Rating
73
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
International Development
Affiliation
Buddhism

Official website

Reported finances

Revenue
$2,901,093
Expenses
$2,198,301
Assets
$12,637,971
Liabilities
$853,756

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 69
  • Transparency & Controls: 75
  • Accountability: 70
  • Sustainability: 74
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 69.3%; rating input score 69
  • Program expense ratio: 91.4%; rating input score 91
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: 0 of 8 controls in place; rating input score 0
    • Claims monitoring procedures: Fail
    • Requires narrative reports: Fail
    • Conducts field audits: Fail
    • May suspend future funding: Fail
    • Requires financial reports: Fail
    • Conducts site visits: Fail
    • Requires grant agreements: Fail
    • May require repayment: Fail
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 80%; rating input score 80; 14th percentile among comparable filings
  • Governance controls: 5 of 9 controls in place; rating input score 56
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 24.2%; rating input score 80; 80th percentile among comparable filings
  • Total-asset coverage ratio: 5.75; rating input score 85; 85th percentile among comparable filings
  • Liabilities to assets ratio: 0.07; rating input score 65; 65th percentile among comparable filings
  • Officer compensation ratio: 9.2%; rating input score 32; 32nd percentile among comparable filings

Growth

  • Program expense growth: 8% per year; rating input score 100; 56th percentile among comparable filings
  • Revenue growth: 7.2% per year; rating input score 100; 55th percentile among comparable filings
  • Asset growth: 9.3% per year; rating input score 100; 55th percentile among comparable filings

Details

  • Where the money goes: 69.3% of revenue deployed · 91.4% of spending went to programs
  • Governance: 4 of 5 board members independent · 5 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $2M in reported program spending
  • Leadership: top reported pay $110K · 7 people listed
  • Highest-paid contractors: 3 contractors listed · $651K reported
  • Consistency: 29 of 29 current checks pass
  • Schedules: 6 filed schedules · includes major donors and foreign activity
  • Filing history: 11 annual filings from 2013 to 2024
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • 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.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Foreign activity oversight: 8 of 8 not reported.
  • Review — Accountability: Governance controls: 3 of 8 not reported.
  • Moderate — Sustainability: Officer compensation ratio scored 32/100.

Leadership & pay

7 people listed

Highest reported compensation

  • Dechen Paldon (Translator): $110,000 total reported compensation
  • Britton Bosarge (Director): $57,500 total reported compensation
  • Alex Ryan (Dir. of Finance): $29,500 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024.