Nonprofit · EIN 88-3374052
TERGAR INSTITUTE INC
Tax-exempt · BRATTLEBORO, VT 05301
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $444,139 | $468,340 | -$24,201 | $25,293 | $3,668 | $21,625 |
| December 31, 2024 | 990 | $275,532 | $295,617 | -$20,085 | $174,291 | $128,859 | $45,432 |
| December 31, 2023 | 990-EZ | $111,983 | $45,046 | $66,937 | $66,937 | $0 | $66,937 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $171,506
- Program service revenue
- $272,633
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $27,496
- Compensation of officers, directors and key employees
- $189,698
- Salaries, compensation and benefits (total)
- $201,138
- Professional fundraising fees
- $0
- Legal fees
- $169
- Accounting fees
- $17,736
- Travel
- $125,205
- Program services (functional)
- $434,632
- Management and general (functional)
- $33,544
- Fundraising (functional)
- $164
Balance sheet and other
- Total assets, start of year
- $174,291
- Total assets, end of year
- $25,293
- Total liabilities, end of year
- $3,668
- Net assets, end of year
- $21,625
- Net assets without donor restrictions
- $21,625
- Gross receipts
- $444,139
- Employees
- 3
- Volunteers
- 4
- Year formed
- 2022
- State of legal domicile
- VT
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 |
|---|---|---|---|
| GEORGE HUGHES | CO-EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $68,115 |
| JUSTIN KELLEY | CO-EXECUTIVE DIRECTOR Trustee or director, Officer | 20 | $44,013 |
990 for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GEORGE HUGHES | TREASURER Trustee or director, Officer | 40 | $57,448 |
| JUSTIN KELLEY | PRESIDENT Trustee or director, Officer | 20 | $45,500 |
| SANDRA FERNANDEZ | VICE PRESIDENT Trustee or director, Officer | 0.5 | $0 |
990-EZ for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JUSTIN KELLEY | PRESIDENT | 20 | $8,750 |
| GEORGE HUGHES | TREASURER | 25 | $8,654 |
| SANDRA FERNANDEZ | VICE PRESIDENT | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 1028 - 768 PUTNEY RD UNIT 1, BRATTLEBORO, VT 05301-0000
- Mailing address (990-N for 2022)
- 40 Brattle Street, Brattleboro VT 05301
- Principal officer (990 for 2025)
- GEORGE HUGHES
- Principal officer (990-N for 2022)
- Justin Kelley, 40 Brattle Street, Brattleboro VT 05301
- Signed the 990
- GEORGE HUGHES, CO-EXECUTIVE DIRECTOR
- Phone
- (772) 260-9417
- Website
- www.tergarinstitute.org
- Return prepared by
- CARPENTER EVERT & ASSOCIATES LTD
Mission
THE TERGAR INSTITUTE CREATES COURSES FOR PEOPLE OF ALL BACKGROUNDS THAT COMBINE THE STUDY AND PRACTICE OF VAJRAYANA BUDDHISM THROUGH EXPERIENTIAL AND APPLIED APPROACHES TO LEARNING, AND LOOK TOWARD WAYS THE VAJRAYANA BUDDHIST TRADITION CAN IMPACT TODAY'S WORLD.
Program accomplishments
- TERGAR INSTITUTE RAN THE FOUNDATIONS OF THE BUDDHIST EXPERIENCE PROGRAM FOR 20 STUDENTS IN PERSON AT OSEL LING MONASTERY IN KATHMANDU, NEPAL. THIS PROGRAM SERVES AS AN ENTRY-LEVEL OVERVIEW OF TERGAR INSTITUTE`S BUDDHIST CERTIFICATE STUDY COURSE OFFERINGS.Expenses $434,632 · revenue $272,633
- TERGAR INSTITUTE RAN THE HEART OF VAJRAYANA STUDY PROGRAM FOR 17 STUDENTS IN PERSON AT OSEL LING MONASTERY IN KATHMANDU, NEPAL. THIS PROGRAM SERVES AS THE FINAL CAPSTONE COURSE IN TERGAR INSTITUTE`S BUDDHIST CERTIFICATE STUDY COURSE OFFERINGS.
- TERGAR INSTITUTE RAN THE PRAJNAPARAMITA STUDY PROGRAM FOR 38 STUDENTS ONLINE. THIS PROGRAM SERVES AS AN ADVANCED COURSE IN TERGAR INSTITUTE`S BUDDHIST CERTIFICATE STUDY COURSE OFFERINGS.
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-EZ on file |
IRS record
- EIN
- 88-3374052
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2023
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B60)
- Assets (IRS master file)
- $25,293
- Income (IRS master file)
- $444,139
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $444,139 | $468,340 | $25,293 | XML |
| 990 | December 2024 | $275,532 | $295,617 | $174,291 | IRS |
| 990-EZ | December 2023 | $111,983 | $45,046 | $66,937 | XML |
| 990-N for 2022 Officer: Justin Kelley | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
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 88-3374052).
Questions about TERGAR INSTITUTE INC
- What is the EIN of TERGAR INSTITUTE INC?
- The employer identification number (EIN) of TERGAR INSTITUTE INC is 88-3374052.
- Is TERGAR INSTITUTE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to TERGAR INSTITUTE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TERGAR INSTITUTE INC 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 TERGAR INSTITUTE INC 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 TERGAR INSTITUTE INC 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 TERGAR INSTITUTE INC?
- The 990 for the year ended December 31, 2025 names GEORGE HUGHES.
- Who are the officers and directors of TERGAR INSTITUTE INC?
- The 990 for the year ended December 31, 2025 lists 2 people; 2 received compensation from the organization, the highest $68,115 (GEORGE HUGHES, CO-EXECUTIVE DIRECTOR).
- How much revenue does TERGAR INSTITUTE INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $444,139, expenses of $468,340 and total assets of $25,293 at year end.
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