Tibet House Inc in New York, New York (NY)

Organization representatives - add corrected or new information about Tibet House Inc »

Non-representatives - add comments about Tibet House Inc»

Tibet House Inc
Employer Identification Number (EIN)133438221
Name of OrganizationTibet House Inc
Address22 West 15th St, New York, NY 10011-6842
ActivitiesCultural exchanges with foreign country
SubsectionCharitable Organization
Ruling Date03/1988
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$5,000,000 to $9,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$6,042,196
Amount of Income$2,741,346
Form 990 Revenue Amount$2,096,057
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Cultural, Ethnic Awareness


Non-representatives - add comments:


CAPTCHA

Your IP address 100.24.20.141 will be logged.

Amount of income in 2013: $2,741,346 (it was $2,861,065 in 2012)
Tibet House Inc: 

 $2,741,346
Other organizations performing similar types of work: 

 $120,360

Assets in 2013: $6,042,196 (it was $5,981,766 in 2012)
This organization: 

 $6,042,196
Other organizations performing similar types of work: 

 $169,282

Expenses in 2013: $2,066,109
This organization: 

 $2,066,109
Other organizations performing similar types of work: 

 $104,111

Income to expenses ratio in 2013: 1.3
Tibet House Inc: 

 1.3
Other organizations performing similar types of work: 

 1.1

Number of employees in 2013: 58
This organization: 

 58
Other organizations performing similar types of work: 

 1

Grants share in income in 2013: 33.0%
This organization: 

 33.0%
Other organizations performing similar types of work: 

 0.0%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

Support schedule

Checklist
20122013
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?YesYes
Is the organization required to complete Schedule B, Schedule of Contributors?YesYes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?NoNo
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?NoNo
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?NoNo
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?NoNo
Did the organization maintain collections of works of art, historical treasures, or other similar assets?YesYes
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?NoNo
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?NoNo
Did the organization report an amount for land, buildings, and equipment?YesYes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?NoNo
Did the organization report an amount for investments-program related that is 5% or more of its total assets?NoNo
Did the organization report an amount for other assets that is 5% or more of its total assets?NoNo
Did the organization report an amount for other liabilities?NoNo
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?YesYes
Did the organization obtain separate, independent audited financial statements for the tax year?YesYes
Was the organization included in consolidated, independent audited financial statements for the tax year?NoNo
Is the organization a school described in section 170(b)(1)(A)(ii)?NoNo
Did the organization maintain an office, employees, or agents outside of the United States?NoNo
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?YesYes
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?YesYes
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?NoNo
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?YesYes
Did the organization report more than $15,000 total of fundraising event gross income and contributions?YesYes
Did the organization report more than $15,000 of gross income from gaming activities?NoNo
Did the organization operate one or more hospital facilities?NoNo
Did the organization attach a copy of its audited financial statements?NoNo
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?YesYes
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?YesYes
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?NoNo
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?NoNo
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNo
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?NoNo
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?NoNo
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?NoNo
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?NoNo
A family member of a current or former officer, director, trustee, or key employee?NoNo
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?NoNo
Did the organization receive more than $25,000 in non-cash contributions?YesNo
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?YesYes
Did the organization liquidate, terminate, or dissolve and cease operations?NoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?NoNo
Was the organization related to any tax-exempt or taxable entity?NoNo
Did the organization have a controlled entity within the meaning of section 512(b)(13)?NoNo
Did the organization make any transfers to an exempt non-charitable related organization?NoNo
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?NoNo
Statements Regarding Other IRS Filings and Tax Compliance
201120122013
The number reported in Box 3 of Form 1096616665
The number of Forms W-2G000
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?NoNoNo
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return455658
Did the organization file all required federal employment tax returns?YesYesYes
Did the organization have unrelated business gross income of $1,000 or more during the year?NoNoNo
Has it filed a Form 990-T for this year?NoNoNo
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?NoNoNo
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNoNo
Did the organization file Form 8886-T?NoNoNo
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?NoNoNo
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?NoNoNo
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?YesYesYes
Did the organization notify the donor of the value of the goods or services provided?YesYesYes
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?NoNoNo
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?NoNoNo
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNoNo
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities $0$0$0
Gross income from members or shareholders$0$0$0
Gross income from other sources$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNoNo
The amount of tax-exempt interest received or accrued during the year$0$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNoNo
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0$0$0
The amount of reserves on hand$0$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNoNo
Has it filed a Form 720 to report these payments?NoNoNo
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
20122013
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$28,505$5,000
Total reportable compensation from related organizations$0$0
Total estimated amount of other compensation from the organization and related organizations$0$0
Total number of individuals who received more than $100,000 of reportable compensation from the organization00
Total number of independent contractors who received more than $100,000 of compensation from the organization00
Statement of Revenue
201120122013
Total revenue$2,836,104$2,194,718$2,096,057
Contributions, Gifts, Grants and Other Similar Amounts$1,586,015$841,714$691,859
Program Service Revenue$374,574$504,849$553,552
900099$374,574$504,849$553,552
All other program service revenue$0$0$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$8,219$4,737$7,689
Income from investment of tax-exempt bond proceeds$0$0$0
Royalties$0$0$0
Net rental income$500,284$560,441$496,913
Gross rents (Real / Personal)$730,341 / $0$811,525 / $0$745,301 / $0
Less: rental expenses (Real / Personal)$230,057 / $0$251,084 / $0$248,388 / $0
Rental income or (loss) (Real / Personal)$500,284 / $0$560,441 / $0$496,913 / $0
Net gain/loss from sales of assets other than inventory$0$9,491$10,639
Gross amount from sales of assets other than inventory (Securities / Other)$0 / $0$109,755 / $0$51,272 / $0
Less: cost or other basis and sales expenses (Securities / Other)$0 / $0$100,264 / $0$40,633 / $0
Gain or (loss) (Securities / Other)$0 / $0$9,491 / $0$10,639 / $0
Net income/loss from fundraising events$344,340$264,281$298,549
Gross income from fundraising events$784,127$496,961$572,831
Less: direct expenses$439,787$232,680$274,282
Net income/loss from gaming activities$0$0$0
Net income/loss from sales of inventory$2,405$-4,412$31,812
Gross sales of inventory, less returns and allowances$75,925$77,907$113,798
Less: cost of goods sold$73,520$82,319$81,986
Miscellaneous Revenue$20,267$13,617$5,044
900099$0$13,617$5,044
All other revenue$20,267$0$0
Statement of Functional Expenses
201120122013
Total functional expenses$2,846,544$2,458,538$2,066,109
Grants and other assistance to domestic organizations and domestic governments$26,270$6,500$44,665
Grants and other assistance to domestic individuals$125,009$150,989$9,879
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$214,000$104,925$35,000
Benefits paid to or for members$0$0$0
Compensation of current officers, directors, trustees, and key employees$28,025$28,505$5,000
Compensation not included above, to disqualified persons$0$0$0
Other salaries and wages$707,198$757,439$690,726
Pension plan accruals and contributions$0$0$0
Other employee benefits$51,424$46,016$71,069
Payroll taxes$87,629$98,467$59,345
Fees for services (non-employees)
Management$0$0$0
Legal$2,183$0$29,911
Accounting$79,223$73,267$82,226
Lobbying$0$0$0
Professional fundraising services$41,250$39,000$36,000
Investment management fees$0$0$0
Other$563,895$264,641$252,044
Advertising and promotion$116,325$103,809$103,211
Office expenses$317,800$360,252$150,825
Information technology$0$0$0
Royalties$0$0$0
Occupancy$3,695$34,955$140,979
Travel$98,624$25,883$24,371
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0$0
Conferences, conventions, and meetings$41,753$0$0
Interest$0$5,367$4,748
Payments to affiliates$0$0$0
Depreciation, depletion, and amortization$133,737$154,194$104,862
Insurance$35,385$29,729$34,966
Other expenses$151,874$155,483$153,820
Other expenses$21,245$19,117$32,462
Balance Sheet
201120122013
Total assets$6,226,757$5,981,766$6,042,196
Cash - non-interest-bearing$278,786$222,743$480,549
Savings and temporary cash investments$327,835$204,224$79,526
Pledges and grants receivable, net$0$0$0
Accounts receivable, net$236,789$189,264$168,032
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0$0$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0$0$0
Notes and loans receivable, net$0$0$0
Inventories for sale or use$184,744$165,047$148,663
Prepaid expenses and deferred charges$14,882$78,950$37,939
Land, buildings, and equipment: cost or other basis$4,870,912$4,853,220$4,769,673
Investments - publicly traded securities$312,809$268,318$357,814
Investments - other securities$0$0$0
Investments - program-related$0$0$0
Intangible assets$0$0$0
Other assets$0$0$0
Total liabilities$183,117$180,691$176,858
Accounts payable and accrued expenses$62,478$84,176$91,040
Grants payable$0$0$0
Deferred revenue$5,000$2,245$0
Tax-exempt bond liabilities$0$0$0
Escrow or custodial account liability$0$0$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0$0$0
Secured mortgages and notes payable to unrelated third parties$114,434$94,270$85,818
Unsecured notes and loans payable to unrelated third parties$1,205$0$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$0$0$0
Total net assets or fund balances$6,043,640$5,801,075$5,865,338
Unrestricted net assets$5,990,075$5,801,075$5,865,338
Temporarily restricted net assets$53,565$0$0
Permanently restricted net assets$0$0$0
Capital stock or trust principal, or current funds$0$0$0
Paid-in or capital surplus, or land, building, or equipment fund$0$0$0
Retained earnings, endowment, accumulated income, or other funds$0$0$0
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013)
2009 - 2013 Total
Public Support$4,676,074
Subtotal Support$5,239,103
Gifts, grants, contributions, and membership fees received$5,239,103
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support$563,029
Total Support$9,924,024
Public Support$5,239,103
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$3,654,237
Net income from unrelated business activities, whether or not the business is regularly carried on$951,393
Other income. Do not include gain or loss from the sale of capital assets$79,291
Gross receipts from related activities, etc.$2,266,272
Write your review!

Your Ratings

You can rate this nonprofit in different categories from 1 star (worst) to 5 stars (best) or leave category unrated

Program:
Fundraising:
Expenses:
Transparency:

Your Review


Would you recommend Tibet House Inc to others? (optional)
  
Add photo of Tibet House Inc (optional)

About You

Your nickname:

Optional Verification

(additional info to increase the weight and the placement of your review and ratings)

Real Name:
Email (won't be published):
Date and time of your visit to this nonprofit:
Phone number (won't be published):
Leave your signature»
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1The Workmens Circle Arbeter Ring Incorporated247 W 37th St Frnt 5, New York, NY 10018-5129NY1965-06$54,135,638
2Russian American Foundation Inc70 West 36th Street, New York, NY 10018-8007NY1997-06$3,187,340
3Tibet House Inc22 West 15th St, New York, NY 10011-6842NY1988-03$2,741,346
4Swiss Institute18 Wooster St, New York, NY 10013-2227NY1989-03$1,566,078
5West Indian American Day Carnival AssnPO BOX 130192, Brooklyn, NY 11213-0192NY1972-11$911,575
6St Patricks Day Parade IncPO BOX 295, Bronx, NY 10470-0271NY2001-11$739,668
7Tara Circle Inc1097 N Broadway, Yonkers, NY 10701-1110NY1995-08$473,441
8Welsh North American Association IncPO BOX 1054, Trumansburg, NY 14886-1054NY1961-05$377,091
9Visual Arts Research & Resource Ctr Relating To The Caribbean Inc103 E 125th St Rm 602, New York, NY 10035-1636NY1982-09$308,328
10Transart And Cultural Services IncPO BOX 148, West Park, NY 12493NY1989-03$283,721
11Schenectady Pipe Band LtdPO BOX 2135, Scotia, NY 12302-0135NY1979-09$244,180
12Young Indian Culture Group Inc, Indian Academy999 Herricks Rd Ste 110, New Hyde Park, NY 11040-1353NY1995-11$222,197
13Second Century Fund Of The Workmens Circle Incorporated247 W 37th St Frnt 5, New York, NY 10018-5129NY1996-12$139,105
14The Armenian Center IncPO BOX 4042, New York, NY 10163-4042NY1986-05$117,647
15The National Association For Korean Schools North East Chapter39 W 32nd St Rm 1600b, New York, NY 10001-3839NY1993-08$77,905
16Sachiyo Ito And Company Inc405 W 23rd St Apt 4g, New York, NY 10011-1400NY1981-04$53,689
17Schuyler County Italian American Festival Inc324 Summit Ave, Watkins Glen, NY 14891-1043NY1995-04$52,415
18The Rajkumari Cultural Center Inc8384 116th St Apt 2k, Richmond Hill, NY 11418-3442NY2001-08$50,177
19Russian-American Cultural Center520 East 76 Street, New York, NY 10021-3161NY1999-02$49,319
20Tri-City India Association IncP O Box 12094, Albany, NY 12212NY1976-04$47,573
Number of organizations performing similar types of work
Alaska11
Alabama4
Arkansas1
Arizona16
California190
Colorado12
Connecticut27
District of Columbia9
Delaware7
Florida36
Georgia25
Hawaii34
Iowa6
Idaho2
Illinois47
Indiana12
Kansas7
Kentucky6
Louisiana9
Massachusetts53
Maryland33
Michigan20
Minnesota28
Missouri22
Mississippi1
Montana3
North Carolina18
North Dakota4
Nebraska1
New Hampshire3
New Jersey37
New Mexico11
Nevada5
New York121
Ohio46
Oklahoma8
Oregon15
Pennsylvania32
Rhode Island5
South Carolina2
Tennessee10
Texas73
Utah4
Virginia22
Vermont1
Washington20
Wisconsin24
West Virginia1
International1
Total1,085

NonProfitFacts.com is not associated with, endorsed by, or sponsored by Tibet House Inc and has no official or unofficial affiliation with Tibet House Inc