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Nonprofit · EIN 77-0378622

MARPA FOUNDATION FOR THE STUDY PRACTICE & SUPPORT OF BUDDA DHARMA

Also known as MARPA FOUNDATION

Tax-exempt · OTEGO, NY 13825

Financials

$403K$283K2022$434K$391K2023$1.3M$425K2024
Revenue Expenses · by fiscal year end
Financials of MARPA FOUNDATION FOR THE STUDY PRACTICE & SUPPORT OF BUDDA DHARMA by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,338,716$425,446$913,270$5,709,919$96,204$5,613,715
December 31, 2023990 (amended)$433,980$390,538$43,442$4,521,269$6,380$4,514,889
December 31, 2022990 (amended)$403,495$283,429$120,066$4,210,526$8$4,210,518
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,155,726
Program service revenue
$0
Investment income
$182,177
Net gain from sales of assets
$23,537
Net income from sales of inventory
$65
Other revenue
$813

Expenses

Grants and similar amounts paid
$336,287
Compensation of officers, directors and key employees
$26,000
Salaries, compensation and benefits (total)
$26,000
Professional fundraising fees
$0
Legal fees
$149
Accounting fees
$4,525
Travel
$4,759
Program services (functional)
$397,474
Management and general (functional)
$18,539
Fundraising (functional)
$9,433

Balance sheet and other

Total assets, start of year
$4,521,269
Total assets, end of year
$5,709,919
Total liabilities, end of year
$96,204
Net assets, end of year
$5,613,715
Publicly traded securities
$5,532,367
Net assets without donor restrictions
$3,754,495
Net assets with donor restrictions
$1,859,220
Gross receipts
$2,057,165
Employees
0
Volunteers
16
Year formed
1994
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, 2024, highest compensation first.

NameTitleHours / weekCompensation
ELIZABETH CALLAHANPresident
Trustee or director, Officer
20$26,000
DZOGCHEN PONLOP RINPOCHEDirector
Trustee or director
0.2$0
YU-CHIN CHENDirector
Trustee or director
5$0
CLAUDINE MONADirector
Trustee or director
4$0
SCOTT WELLENBACHSecretary
Trustee or director, Officer
4$0
KHENPO TSULTRIM GYAMTSO RINPOCDirector
Trustee or director
0.2$0
HARA KALOMIRIDirector
Trustee or director
1$0
DEREK KOLLEENYFINANCE OFFICER
Officer
0.25$0
990 for the year ended December 31, 2023: 8 people
NameTitleHours / weekCompensation
ELIZABETH CALLAHANPresident
Trustee or director, Officer
20$20,000
DZOGCHEN PONLOP RINPOCHEDirector
Trustee or director
0.2$0
YU-CHIN CHENDirector
Trustee or director
5$0
CLAUDINE MONADirector
Trustee or director
4$0
SCOTT WELLENBACHSecretary
Trustee or director, Officer
4$0
KHENPO TSULTRIM GYAMTSO RINPOCDirector
Trustee or director
0.2$0
HARA KALOMIRIDirector
Trustee or director
1$0
DEREK KOLLEENYFINANCE OFFICER
Officer
0.25$0
990 for the year ended December 31, 2022: 8 people
NameTitleHours / weekCompensation
ELIZABETH CALLAHANPresident
Trustee or director, Officer
20$20,000
DZOGCHEN PONLOP RINPOCHEDirector
Trustee or director
0.2$0
YU-CHIN CHENDirector
Trustee or director
5$0
CLAUDINE MONADirector
Trustee or director
4$0
SCOTT WELLENBACHSecretary
Trustee or director, Officer
4$0
KHENPO TSULTRIM GYAMTSO RINPOCDirector
Trustee or director
0.2$0
HARA KALOMIRIDirector
Trustee or director
1$0
DEREK KOLLEENYFINANCE OFFICER
Officer
0.25$0

Address and contacts

Address (IRS master file)
895 COUNTY HIGHWAY 5, OTEGO, NY 13825-2152
Signed the 990
ELIZABETH CALLAHAN, President
Phone
(607) 988-2696
Return prepared by
Mostert Manzanero & Scott LLP

Mission

THIS CORPORATION IS A NONPROFIT RELIGIOUS CORPORATION AND IS NOT ORGANIZED FOR THE PRIVATE GAIN OF ANY PERSON. IT IS ORGANIZED UNDER THE NONPROFIT RELIGIOUS CORPORATION LAW PRIMARILY FOR RELIGIOUS PURPOSES. THE SPECIFIC PURPOSES FOR WHICH THIS CORPORATION IS ORGANIZED ARE TO PRESERVE AND TRANSMIT THE TEACHINGS OF THE BUDDHA DHARMA; AND TO SUPPORT NEEDY BUDDHIST NUNS, MONKS TEACHERS AND LAY PERSONS THROUGHOUT THE WORLD.

990 for the year ended December 31, 2024

Program accomplishments

  • SUPPORT TO BUDDHIST NUNS IN BHUTAN AND NEPAL
    Expenses $336,287 · grants $114,189
  • TEACHING OF BUDDHIST PHILOSOPHY & MEDITATION
    Expenses $61,187

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
77-0378622
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
1994
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Religion-related (X99)
Assets (IRS master file)
$5,709,919
Income (IRS master file)
$2,057,165

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,338,716$425,446$5,709,919XML
990December 2023$433,980$390,538$4,521,269IRS
990December 2022$403,495$283,429$4,210,526XML
990December 2021–––IRS
990December 2020–––IRS
990December 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 77-0378622).

Questions about MARPA FOUNDATION FOR THE STUDY PRACTICE & SUPPORT OF BUDDA DHARMA

What is the EIN of MARPA FOUNDATION FOR THE STUDY PRACTICE & SUPPORT OF BUDDA DHARMA?
The employer identification number (EIN) of MARPA FOUNDATION FOR THE STUDY PRACTICE & SUPPORT OF BUDDA DHARMA is 77-0378622.
Is MARPA FOUNDATION FOR THE STUDY PRACTICE & SUPPORT OF BUDDA DHARMA tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
Are donations to MARPA FOUNDATION FOR THE STUDY PRACTICE & SUPPORT OF BUDDA DHARMA tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MARPA FOUNDATION FOR THE STUDY PRACTICE & SUPPORT OF BUDDA DHARMA 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 MARPA FOUNDATION FOR THE STUDY PRACTICE & SUPPORT OF BUDDA DHARMA 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 MARPA FOUNDATION FOR THE STUDY PRACTICE & SUPPORT OF BUDDA DHARMA 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 MARPA FOUNDATION FOR THE STUDY PRACTICE & SUPPORT OF BUDDA DHARMA?
The 990 for the year ended December 31, 2024 lists 8 people; 1 received compensation from the organization, the highest $26,000 (ELIZABETH CALLAHAN, President).
How much revenue does MARPA FOUNDATION FOR THE STUDY PRACTICE & SUPPORT OF BUDDA DHARMA have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,338,716, expenses of $425,446 and total assets of $5,709,919 at year end.

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