2024-06-25T08:46:50-05:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2023-01-01 911925472 SACHEN FOUNDATION SACH 8337224361 PO BOX 270346 GOLDEN VALLEY MN 55427 SILVIA YUEH PRESIDENT 8337224361 2024-06-21 1 SILVIA YUEH 999009999 1 MACKENZIE MCNAUGHTON P02025805 6123764500 2024-06-21 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z SILVIA YUEH PO BOX 270346 GOLDEN VALLEY MN 55427 439787 0 X WWW.SACHENFOUNDATION.ORG X 1998 WA SUPPORT EDUCATION OF MONKS AND NUNS; DEVELOP BUDDHIST EDUCATION, AND PRESERVE THE SAKYA TRADITION 12 12 0 22 0 0 81262 80084 0 0 64612 15787 0 0 145874 95871 139826 131654 0 0 0 0 0 0 566 37222 27951 177048 159605 -31174 -63734 2282774 2561896 28836 31808 2253938 2530088 X SACHEN FOUNDATION WAS ESTABLISHED TO SUPPORT THE EDUCATION OF MONKS AND NUNS; DEVELOP BUDDHIST EDUCATION AND CURRICULUM FOR CHILDREN AND LAY PRACTITIONERS; AND PRESERVE BUDDHIST TEACHINGS FROM THE SAKYA TRADITION THROUGH ARCHIVING, PUBLISHING, AND TRANSLATING TEACHINGS AND PRACTICE TEXTS. 0 0 134896 131654 0 SACHEN FOUNDATION WAS ESTABLISHED TO SUPPORT THE EDUCATION OF MONKS AND NUNS; DEVELOP BUDDHIST EDUCATION AND CURRICULUM FOR CHILDREN AND LAY PRACTITIONERS; AND PRESERVE BUDDHIST TEACHINGS FROM THE SAKYA TRADITION THROUGH ARCHIVING, PUBLISHING, AND TRANSLATING TEACHINGS AND PRACTICE TEXTS. 134896 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 3 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 1 0 0 0 0 1 0 1 0 0 0 1 1 1 1 1 0 0 0 0 MN X SILVIA YUEH 8337224361 PO BOX 270346 GOLDEN VALLEY MN 55427 X HH RATNA VAJRA SAKYA RINPOCHE CHAIR, SPIRITUAL TEACHER 4.00 X X 0 0 0 SILVIA YUEH PRESIDENT, TREASURER 12.00 X X 0 0 0 JAY GOLDBERG VICE PRESIDENT 0.25 X X 0 0 0 JUDY MA SECRETARY 3.00 X X 0 0 0 CONNIE KASSOR DIRECTOR 0.50 X 0 0 0 DONALD WILLIAM GIAMPORCARO JAMYA DIRECTOR 1.00 X 0 0 0 SISSY PI DIRECTOR 0.25 X 0 0 0 ALEJANDRO MARTINEZ KHENPO RINCHEN G DIRECTOR 1.00 X 0 0 0 STEPHANIE TAN DIRECTOR 1.50 X 0 0 0 PAOLIEN TAN ANI WANGMO SAKYA DIRECTOR 0.25 X 0 0 0 XIAOYANG SU DIRECTOR 2.00 X 0 0 0 JIA JING LEE DIRECTOR 0.50 X 0 0 0 0 0 0 0 0 0 0 0 80084 80084 88714 88714 270989 343916 -72927 -72927 -72927 95871 0 0 15787 4338 4338 16608 16608 110708 110708 7150 7150 11820 11820 845 845 160 160 1804 1804 PROGRAM FEES 3242 3242 OTHER EXPENSES 1926 1926 CREDIT CARD PROCESSING 566 566 FILING FEES 438 438 159605 134896 24143 566 74940 29973 103617 85650 4000 3662 2100217 2442611 2282774 2561896 5292 5764 23544 26044 28836 31808 X 2253938 2530088 2253938 2530088 2282774 2561896 -63734 339884 0 X X 1 X 0 1 0 X 1968117 83999 78263 81262 80084 2291725 1968117 83999 78263 81262 80084 2291725 107670 2184055 32481 50710 50732 61138 88714 283775 2575500 0.84800 0.86530 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 SOUTH ASIA 0 0 GRANT TO RECIPIENT LOCATED IN THE REGION N/A 94100 NORTH AMERICA 0 0 GRANT TO RECIPIENT LOCATED IN THE REGION N/A 16608 0 0 0 0 0 0 110708 0 110708 EAST ASIA AND THE PACIFIC MONASTIC DHARMA EDUCATION 45500 WIRE TRANSFER 0 N/A BOOK EAST ASIA AND THE PACIFIC MONASTIC DHARMA EDUCATION 15600 WIRE TRANSFER 0 N/A BOOK EAST ASIA AND THE PACIFIC MONASTIC DHARMA EDUCATION 11000 WIRE TRANSFER 0 N/A BOOK EAST ASIA AND THE PACIFIC MONASTIC DHARMA EDUCATION 18000 WIRE TRANSFER 0 N/A BOOK 0 5 TRANSLATION GRANT NORTH AMERICA 1 16608 N/A N/A 0 0 0 0 0 0 PART I, LINE 2: EACH YEAR, THE INVITED GRANTEES SEND GRANT APPLICATIONS, AND GO THROUGH THE GRANT APPROVAL PROCESS BY THE GRANTS COMMITTEE. AFTER A GRANT IS APPROVED BY THE GRANTS COMMITTEE, A GRANT APPROVAL LETTER AND GRANT AGREEMENT ARE SENT TO EACH GRANTEE. EACH GRANTEE IS REQUIRED TO SUBMIT A GRANT REPORT FOR USE OF THE GRANTS AT THE END OF THE GRANT CYCLE. THE GRANT REPORTS ARE AUDITED BY GRANTS COMMITTEE ANNUALLY. PART I, LINE 3: ACCRUAL METHOD 1 TRANSLATION GRANT 1 16608 N/A N/A PART I, LINE 2: EACH YEAR, THE INVITED GRANTEES SEND GRANT APPLICATIONS, AND GO THROUGH THE GRANT APPROVAL PROCESS BY THE SACHEN FOUNDATION GRANTS COMMITTEE. AFTER A GRANT IS APPROVED BY THE GRANTS COMMITTEE, A GRANT APPROVAL LETTER AND GRANT AGREEMENT ARE SENT TO EACH GRANTEE. EACH GRANTEE IS REQUIRED TO SUBMIT A GRANT REPORT FOR USE OF THE GRANTS AT THE END OF THE GRANT CYCLE. THE GRANT REPORTS ARE AUDITED BY SACHEN FOUNDATION GRANTS COMMITTEE ANNUALLY. FORM 990, PART VI, SECTION A, LINE 1A IN THE CASE OF A TIE, THE CHAIR SHALL CAST A SECOND VOTE (A "CASTING VOTE") TO DETERMINE THE OUTCOME OF THE VOTING. FORM 990, PART VI, SECTION A, LINE 2 SILVIA YUEH AND STEPHANIE TAN ARE SISTER-IN-LAWS FORM 990, PART VI, SECTION A, LINE 7A HIS HOLINESS RATNA VAJRA RINPOCHE SHALL SERVE AS THE CHAIR OF THE BOARD OF DIRECTORS. IF HE IS UNABLE TO SERVE OR DECLINES TO SERVE AS CHAIR, HE SHALL APPOINT THE CHAIR. IF FOR ANY REASON THE LAST SERVING CHAIR DOES NOT APPOINT A NEW CHAIR, THE NEW CHAIR SHALL BE APPOINTED BY THE SPIRITUAL LEADER(S) WHO SUCCEED(S) HIS EMINENCE SAKYA TRIZIN. ALL NON-TEACHER DIRECTORS SHALL BE APPOINTED BY HIS HOLINESS RATNA VAJRA RINPOCHE. IF HIS HOLINESS IS NO LONGER A SPIRITUAL LEADER OF THE FOUNDATION, SUCH APPOINTMENTS SHALL BE MADE BY HIS SUCCESSOR(S). FORM 990, PART VI, SECTION A, LINE 8B THE FOUNDATION DOES NOT HAVE ANY COMMITTEES WITH BROAD AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN OUTSIDE TAX PROFESSIONAL. THE FORM 990 IS THEN REVIEWED BY THE ORGANIZATION'S MANAGEMENT. AFTER A FULL REVIEW, THE FINAL VERSION OF THE TAX RETURN IS PROVIDED TO ALL MEMBERS OF THE ORGANIZATION'S GOVERNING BODY. A REPRESENTATIVE OF MANAGEMENT AUTHORIZES THE FINAL FORM 990 WHICH IS THEN E-FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C MEMBERS OF THE BOARD OF TRUSTEES REVIEW ALL POTENTIAL CONFLICTS OF INTEREST AT LEAST ANNUALLY. ALL BOARD MEMBERS DISCUSS (AND ARE REQUIRED TO DISCLOSE) POTENTIAL CONFLICTS AND ANY RELATED PARTY AFFILIATIONS. LOANS BETWEEN THE ORGANIZATION AND MEMBERS OF MANAGEMENT AND THE BOARD ARE STRICTLY PROHIBITED. THE ORGANIZATION SEEKS FULL TRANSPARENCY ON ALL RELATIONSHIPS. ANY POTENTIAL CONFLICTS (IN FACT OR APPEARANCE) ARE DISCUSSED OPENLY AND RESOLVED IN ACCORDANCE WITH THE ORGANIZATION'S POLICIES AND PROCEDURES. ANY DIRECTOR INDIVIDUALLY MAY BE A PARTY TO, OR INTERESTED IN, ANY CONTRACT OR TRANSACTION WITH THE FOUNDATION, PROVIDED THAT (1) THE INTEREST OF THE DIRECTOR IS DISCLOSED TO THE BOARD; (2) THE INTERESTED DIRECTOR MAY NOT VOTE IN FAVOR OF THE TRANSACTION, ALTHOUGH HIS/HER PRESENCE MAY BE COUNTED TOWARD A QUORUM; AND (3) THE BOARD APPROVES THE TRANSACTION AT A REGULAR OR SPECIAL MEETING. THE FOUNDATION DOCUMENTS PROCEEDINGS IN THE MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15 ALL OF THE TOP MANAGEMENT OFFICIALS AND BOARD MEMBERS PROVIDE SERVICES TO THE SACHEN FOUNDATION ON A PRO-BONO BASIS. THERE ARE NO EMPLOYEES AND NONE OF THE OFFICERS RECEIVE COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 ALL OF THE FOUNDATION'S GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND OTHER LEGAL FILINGS ARE MAINTAINED IN A SECURE ENVIRONMENT AND HELD AVAILABLE FOR INSPECTION BY TAX AUTHORITIES AND THE GENERAL PUBLIC. TAX RETURNS ARE POSTED ANNUALLY TO WWW.GUIDESTAR.ORG (WHERE IT IS AVAILABLE FOR VIEWING AS AN ELECTRONIC COPY) AND ARE ALSO AVAILABLE AT THE FOUNDATION'S OFFICE IN MEDINA, MINNESOTA (FOR A PHYSICAL INSPECTION). FORM 990, PART XII, LINE 2C: THE FINANCE PLANNING AND INVESTMENT COMMITTEE WERE IN CHARGE OF THE SELECTION AND OVERSIGHT OF THE INDEPENDENT ACCOUNTANT AND PROVIDED INFORMATION FOR THE FINANCIAL STATEMENT REVIEW. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.