Nonprofit · EIN 26-1788601
PALPUNG FOUNDATION
Tax-exempt · LOS ALTOS, CA 94022
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $562,618 | $109,947 | $452,671 | $9,897,867 | $0 | $9,897,867 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $562,618
- Net gain from sales of assets
- $39,649
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $95,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $120
- Accounting fees
- $3,050
- Program services (functional)
- $95,000
- Management and general (functional)
- $14,947
Balance sheet and other
- Total assets, start of year
- $9,493,706
- Total assets, end of year
- $9,897,867
- Total liabilities, end of year
- $0
- Net assets, end of year
- $9,897,867
- Publicly traded securities
- $8,194,601
- Net assets without donor restrictions
- $9,897,867
- Gross receipts
- $752,497
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2008
- State of legal domicile
- CA
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STANLEY WANG | DIRECTOR Trustee or director | 1 | $0 |
| HE TAI SITU RINPOCHE | CEO Officer | 5 | $0 |
| FRANNY WANG | CFO & SECRETARY Officer | 20 | $0 |
Address and contacts
- Address (IRS master file)
- 7 BAY TREE LN, LOS ALTOS, CA 94022-4624
- In care of
- % FRANNY WANG
- Principal officer (990 for 2025)
- FRANNY WANG, 7 BAY TREE LANE, LOS ALTOS, CA 94022
- Signed the 990
- FRANNY WANG, CFO & SECRETARY
- Phone
- (650) 387-7093
- Return prepared by
- WRP TAX SERVICES INC
Mission
THE FOUNDATION IS SET UP AS A TYPE I SUPPORTING ORGANIZATION EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF BUDDHIST TEMPLE - PALPUNG LUNGTOK CHOELING, WHICH IS A TAX-EXEMPT RELIGIOUS CHARITY IN THE USA.
Program accomplishments
- THE FOUNDATION IS SET UP AS A TYPE I SUPPORTING ORGANIZATION EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF BUDDHIST TEMPLE - PALPUNG LUNGTOK CHOELING, WHICH IS A TAX-EXEMPT RELIGIOUS CHARITY IN THE USA.Expenses $95,000 · grants $95,000
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 | 990 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
- 26-1788601
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2011
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Religion-related (X127)
- Assets (IRS master file)
- $9,897,867
- Income (IRS master file)
- $752,497
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | – | – | – | IRS |
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $483,207 | $261,705 | $8,969,524 | IRS |
| 990 | December 2022 | $333,993 | $60,076 | $8,748,022 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about PALPUNG FOUNDATION
- What is the EIN of PALPUNG FOUNDATION?
- The employer identification number (EIN) of PALPUNG FOUNDATION is 26-1788601.
- Is PALPUNG FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2011.
- Are donations to PALPUNG FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does PALPUNG 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 PALPUNG FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PALPUNG FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of PALPUNG FOUNDATION?
- The 990 for the year ended December 31, 2025 names FRANNY WANG.
- Who are the officers and directors of PALPUNG FOUNDATION?
- The 990 for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does PALPUNG FOUNDATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $562,618, expenses of $109,947 and total assets of $9,897,867 at year end.
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