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
- Headquarters
- Stanley, VA, USA
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- International Development
- Affiliation
- Buddhism
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 the filing reports that some governance safeguards are missing.
Rating breakdown
- Financial Efficiency: 77
- Transparency & Controls: 79
- 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
- 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
- Public monitoring controls: Limited
- Public policy transparency: Limited
- Public financial transparency: Limited
- Impact reporting controls: Limited
- Public relationship transparency: Limited
Accountability
- Independent voting board: 80%; rating input score 80; 15th percentile among comparable filings
- Governance controls: 5 of 9 controls in place; rating input score 56
- Public governance controls: Limited
- Zakat policy transparency: Limited
Sustainability
- Operating margin: 24.2%; rating input score 80; 80th percentile among comparable filings
- Operating reserve 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; 55th 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.