2025-10-07T10:41:56-05:00 2024-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 225 S 6TH ST 2300 MINNEAPOLIS MN 55402 990 2024-01-01 911925472 SACHEN FOUNDATION SACH 8337224361 855 MEDINA ROAD MEDINA MN 55391 SILVIA YUEH SILVIA YUEH 8337224361 2025-09-30 1 1 KAREN A GRIES P00078514 6128764500 2025-09-30 2024 2025-03-06 01:10:19Z X SILVIA YUEH 855 MEDINA ROAD MEDINA MN 55391 1046745 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 26 0 0 80084 905930 0 0 15787 122346 0 0 95871 1028276 131654 100461 0 0 0 0 0 0 710 27951 35774 159605 136235 -63734 892041 2561896 3668156 31808 29211 2530088 3638945 PRESERVING THE BUDDHA'S TEACHINGS THROUGH EDUCATION, TRANSLATION, PUBLISHING, AND ARCHIVING. 0 0 108987 100461 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. 108987 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 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 855 MEDINA ROAD MEDINA MN 55391 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 BRUCE MCCARTER VICE PRESIDENT 0.25 X X 0 0 0 JUDY MA SECRETARY 1.00 X X 0 0 0 STEPHANIE TAN DIRECTOR 1.00 X 0 0 0 PAOLIEN TAN DIRECTOR 0.25 X 0 0 0 SISSY PI DIRECTOR 0.25 X 0 0 0 DONALD W GIAMPORCARO DIRECTOR 1.25 X 0 0 0 CONNIE KASSOR DIRECTOR 0.25 X 0 0 0 XIAOYANG SU DIRECTOR 1.00 X 0 0 0 JIA JING LEE DIRECTOR 6.50 X 0 0 0 ALEJANDRO MARTINEZ DIRECTOR 2.00 X 0 0 0 0 0 0 0 0 0 0 0 905930 905930 93727 93727 47088 18469 28619 28619 28619 1028276 0 0 122346 4000 4000 11072 11072 85389 85389 8378 8378 13941 13941 2989 2279 710 1940 1940 ARCHIVE PROGRAM FEES 5542 5542 ONLINE CURRICULUM 2984 2984 136235 108987 26538 710 29973 30506 85650 112983 3662 4667 2442611 3520000 2561896 3668156 5764 7067 26044 22144 31808 29211 X 2530088 3638945 2530088 3638945 2561896 3668156 892041 216816 0 X X 0 1 X 1 0 X 83999 78263 81262 80084 905930 1229538 83999 78263 81262 80084 905930 1229538 574387 655151 50710 50732 61138 88714 93727 345021 1574559 0.41610 0.84800 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 1231151 216816 216816 1014335 13941 13941 1028276 122294 0 122294 13941 13941 136235 PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. AS A RESULT, THE FOUNDATION DOESN'T PAY FEDERAL INCOME TAX. THEREFORE, NO PROVISION OR LIABILITY FOR FEDERAL INCOME TAXES HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS. MANAGEMENT HAS DETERMINED THAT THE FOUNDATION DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS AND ASSOCIATED UNRECOGNIZED BENEFITS THAT MATERIALLY IMPACT THE FINANCIAL STATEMENTS OR RELATED DISCLOSURES. THE FOUNDATION'S FEDERAL INFORMATIONAL RETURNS ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. 1 SOUTH ASIA 0 0 GRANT RECIPIENT LOCATED IN THE REGION N/A 74317 NORTH AMERICA 0 0 GRANT TO RECIPIENT LOCATED IN THE REGION N/A 11072 0 0 0 0 0 0 85389 0 85389 SOUTH ASIA MONASTIC DHARMA EDUCATION 30500 WIRE TRANSFER 0 N/A N/A SOUTH ASIA MONASTIC DHARMA EDUCATION 6717 WIRE TRANSFER 0 N/A N/A SOUTH ASIA MONASTIC DHARMA EDUCATION 11000 WIRE TRANSFER 0 N/A N/A SOUTH ASIA MONASTIC DHARMA EDUCATION 15600 WIRE TRANSFER 0 N/A N/A SOUTH ASIA MONASTIC DHARMA EDUCATION 10500 WIRE TRANSFER 0 N/A N/A 0 5 TRANSLATION GRANT NORTH AMERICA 1 11072 WIRE TRANSFER 0 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 COMMITEE, 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 11072 0 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 GOVENING 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 DIRECTORS 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 AUDIT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.