Nonprofit · EIN 20-5958865
PEMA CHODRON FOUNDATION
Tax-exempt · STEAMBOAT SPR, CO 80477
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,095,135 | $1,858,176 | -$763,041 | $6,258,878 | $217,713 | $6,041,165 |
| December 31, 2023 | 990 | $771,441 | $1,328,676 | -$557,235 | $6,457,287 | $221,197 | $6,236,090 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $486,308
- Program service revenue
- $460,133
- Investment income
- $160,043
- Net income from sales of inventory
- -$11,349
- Other revenue
- -$11,349
Expenses
- Grants and similar amounts paid
- $1,674,285
- Compensation of officers, directors and key employees
- $115,944
- Other salaries and wages
- $12,000
- Salaries, compensation and benefits (total)
- $138,412
- Professional fundraising fees
- $0
- Legal fees
- $875
- Accounting fees
- $10,582
- Travel
- $4,946
- Program services (functional)
- $1,758,720
- Management and general (functional)
- $63,135
- Fundraising (functional)
- $36,321
Balance sheet and other
- Total assets, start of year
- $6,457,287
- Total assets, end of year
- $6,258,878
- Total liabilities, end of year
- $217,713
- Net assets, end of year
- $6,041,165
- Publicly traded securities
- $6,016,655
- Net assets without donor restrictions
- $6,015,387
- Net assets with donor restrictions
- $25,778
- Gross receipts
- $1,141,511
- Employees
- 7
- Volunteers
- 5
- Year formed
- 2006
- State of legal domicile
- CO
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Glenna Olmsted | Foundation Mgr. Officer | 30 | $40,800 |
| Martha Kirkman | Secretary Trustee or director, Officer | 20 | $26,400 |
| Timothy Olmsted | President Trustee or director, Officer | 10 | $16,500 |
| Marjorie Rodgers | Vice President Trustee or director, Officer | 14 | $16,224 |
| Arvo Fallon | Director Trustee or director, Officer | 10 | $11,220 |
| Cathryn Mayer | Treasurer Trustee or director, Officer | 6 | $7,200 |
| Pema Chodron | Chairman Trustee or director | 4 | $4,800 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Glenna Olmsted | Foundation Mgr. Officer | 30 | $40,800 |
| Martha Kirkman | Secretary Trustee or director, Officer | 20 | $26,400 |
| Timothy Olmsted | President Trustee or director, Officer | 10 | $16,500 |
| Marjorie Rodgers | Vice President Trustee or director, Officer | 14 | $16,224 |
| Arvo Fallon | Director Trustee or director, Officer | 10 | $11,220 |
| Cathryn Mayer | Treasurer Trustee or director, Officer | 6 | $7,200 |
| Pema Chodron | Chairman Trustee or director | 4 | $4,800 |
Address and contacts
- Address (IRS master file)
- PO BOX 770630, STEAMBOAT SPR, CO 80477-0630
- In care of
- % ARVO FALLON
- Principal officer (990 for 2024)
- Timothy Olmsted, P O Box 770630, Steamboat Springs, CO 80477
- Signed the 990
- Cathryn Mayer, Treasurer
- Website
- pemachodronfoundation.org
- Return prepared by
- Lynele Jones CPA
Mission
Support and encouragement of Buddhist monasticism and the Buddhist tradition world-wide, and to manifest the Buddhist vision by providing support and assistance to community-based organizations that serve marginalized populations such as distressed families (especially children and teens), abused individuals, the incarcerated, and drug addicts. In addition, to create and support a permanent Endowment Fund so that it can carry on these activities into the distant future.
Program accomplishments
- Various Other Programs - (see Schedules I and F). In North America and South Asia grants to 42 additional organizations and 8 retreatants: support for monasteries, monastics, and meditation centers, including scholarships for education; support health programs; support youth rehabilitation & training; provide books on meditation to prisoners and the underserved; support translation and archiving of Buddhist masters' teachings.Expenses $861,225 · grants $819,878
- Drala Mountain Center is located on 600 acres in a mountain valley in Northern Colorado which has hosted Buddhist and other contemplative retreats snce 1971. In 2024 the Foundation granted $300,000 to help pay down a distressed loan for the center, subsidized scholarships for a youth retreat, and donated to its operating funds.Expenses $394,323 · grants $375,392
- Gampo Abbey is a Buddhist monastery founded in 1983 in Cape Breton, Nova Scotia, Canada. Grant funds will supplement the Abbey's income to support operations and individual monastics in the pursuit of their spiritual studies and meditation practice. The Abbey provides annual financial reports. One of the Foundation's Board members visits the Abbey annually to confirm progress.Expenses $293,086 · grants $279,015
- Mangala Shri Bhuti is a Buddhist meditation retreat center located in Crestone, Colorado which provides retreat space and facilities for Buddhist practitioners to meet, receive teachings, and participate in religious ceremonies. Mangala Shri Bhuti provides regular reports on its activities, and during the year the facilities are visited by a Board member.Expenses $210,086 · grants $200,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-5958865
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2007
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Religion-related (X50)
- Assets (IRS master file)
- $6,258,878
- Income (IRS master file)
- $1,141,511
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,095,135 | $1,858,176 | $6,258,878 | XML |
| 990 | December 2023 | $771,441 | $1,328,676 | $6,457,287 | XML |
| 990 | December 2022 | $1,038,159 | $1,668,827 | $6,433,667 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-5958865).
Questions about PEMA CHODRON FOUNDATION
- What is the EIN of PEMA CHODRON FOUNDATION?
- The employer identification number (EIN) of PEMA CHODRON FOUNDATION is 20-5958865.
- Is PEMA CHODRON FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to PEMA CHODRON FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PEMA CHODRON FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PEMA CHODRON FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PEMA CHODRON FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of PEMA CHODRON FOUNDATION?
- The 990 for the year ended December 31, 2024 names Timothy Olmsted.
- Who are the officers and directors of PEMA CHODRON FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 7 people; 7 received compensation from the organization, the highest $40,800 (Glenna Olmsted, Foundation Mgr.).
- How much revenue does PEMA CHODRON FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,095,135, expenses of $1,858,176 and total assets of $6,258,878 at year end.
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All nonprofits in STEAMBOAT SPR · Colorado · Religion-related