Nonprofit · EIN 47-5145239
DREPUNG LOSELING INSTITUTE OF TEXAS
Tax-exempt · HOUSTON, TX 77071
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $287,822 | $274,688 | $13,134 | $2,904,768 | $383,328 | $2,521,440 |
| December 31, 2023 | 990 | $713,435 | $298,975 | $414,460 | $2,944,134 | $435,828 | $2,508,306 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $278,212
- Program service revenue
- $0
- Investment income
- $10
- Net rental income
- $9,600
- Other revenue
- $9,600
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $54,277
- Salaries, compensation and benefits (total)
- $60,024
- Professional fundraising fees
- $0
- Occupancy
- $29,471
- Travel
- $14,082
- Depreciation
- $10,106
- Management and general (functional)
- $274,688
Balance sheet and other
- Total assets, start of year
- $2,944,134
- Total assets, end of year
- $2,904,768
- Total liabilities, end of year
- $383,328
- Net assets, end of year
- $2,521,440
- Land, buildings and equipment
- $2,628,175
- Gross receipts
- $287,822
- Employees
- 2
- Volunteers
- 30
- Year formed
- 2015
- State of legal domicile
- TX
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 |
|---|---|---|---|
| Gala Tulku Rinpoche | Director Trustee or director | 40 | $31,200 |
| Tsering Phutsok | Director Trustee or director | 40 | $23,077 |
| Cathy Ho | Director Trustee or director | 0 | $0 |
| Ishe Thabkhe | Director Trustee or director | 0 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Gala Tulku Rinpoche | Director Trustee or director | 40 | $24,431 |
| Tsering Phutsok | Director Trustee or director | 40 | $23,077 |
| Ishe Thabkhe | Director Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 11510 S GARDEN ST, HOUSTON, TX 77071-3112
- In care of
- % GALA TULKU RINPOCHE
- Signed the 990
- GALA TULKU RINPOCHE, Director
- Phone
- (832) 599-1888
Mission
Drepung Loseling is dedicated to study, provide teaching and training and preserve the Tibetian Buddhist tradition and culture.
Program accomplishments
- PROGRAM EVENT:
What it must file and when
IRS records say it files Not required (church). Churches are not required to file. 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
- 47-5145239
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Church
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2017
- Accounting year ends
- December
- Files
- Not required (church)
- Category (NTEE)
- Religion-related (X50)
- Assets (IRS master file)
- $2,904,768
- Income (IRS master file)
- $287,822
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $287,822 | $274,688 | $2,904,768 | XML |
| 990 | December 2023 | $713,435 | $298,975 | $2,944,134 | XML |
| 990 | December 2022 | $616,322 | $288,077 | $2,211,158 | 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 47-5145239).
Questions about DREPUNG LOSELING INSTITUTE OF TEXAS
- What is the EIN of DREPUNG LOSELING INSTITUTE OF TEXAS?
- The employer identification number (EIN) of DREPUNG LOSELING INSTITUTE OF TEXAS is 47-5145239.
- Is DREPUNG LOSELING INSTITUTE OF TEXAS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
- Are donations to DREPUNG LOSELING INSTITUTE OF TEXAS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DREPUNG LOSELING INSTITUTE OF TEXAS file?
- Form Not required (church). Churches are not required to file.
- When is the next return of DREPUNG LOSELING INSTITUTE OF TEXAS 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 DREPUNG LOSELING INSTITUTE OF TEXAS last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who are the officers and directors of DREPUNG LOSELING INSTITUTE OF TEXAS?
- The 990 for the year ended December 31, 2024 lists 4 people; 2 received compensation from the organization, the highest $31,200 (Gala Tulku Rinpoche, Director).
- How much revenue does DREPUNG LOSELING INSTITUTE OF TEXAS have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $287,822, expenses of $274,688 and total assets of $2,904,768 at year end.
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