Nonprofit · EIN 46-2214426
DRIKUNG KAGYU FOUNDATION USA
Tax-exempt (reinstated) · ASHEVILLE, NC 28806
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $198,526 | $111,348 | $87,178 | $829,855 | $0 | $829,855 |
| December 31, 2023 | 990 | $150,159 | $92,074 | $58,085 | $742,677 | $0 | $742,677 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $198,526
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Occupancy
- $81,772
- Travel
- $15,598
- Program services (functional)
- $100,719
- Management and general (functional)
- $10,629
Balance sheet and other
- Total assets, start of year
- $742,677
- Total assets, end of year
- $829,855
- Total liabilities, end of year
- $0
- Net assets, end of year
- $829,855
- Land, buildings and equipment
- $669,042
- Net assets without donor restrictions
- $829,855
- Gross receipts
- $198,526
- Employees
- 0
- Year formed
- 2013
- State of legal domicile
- NC
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 |
|---|---|---|---|
| Hun Lye | Executive Dir. Trustee or director, Officer | 10 | $0 |
| Chris Mauze | Director Trustee or director | 10 | $0 |
| Drikung Kyabgon Chestang Rinpoche | President Trustee or director, Officer | 10 | $0 |
| Juliette Perry | Director Trustee or director | 10 | $0 |
| Khenpo Konchok Rangdol | Director Trustee or director | 10 | $0 |
| Song Ge | Director Trustee or director | 10 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Hun Lye | Executive Dir. Trustee or director, Officer | 10 | $0 |
| Chris Mauze | Director Trustee or director | 10 | $0 |
| Drikung Kyabgon Chestang Rinpoche | President Trustee or director, Officer | 10 | $0 |
| Juliette Perry | Director Trustee or director | 10 | $0 |
| Khenpo Konchok Rangdol | Director Trustee or director | 10 | $0 |
| Song Ge | Director Trustee or director | 10 | $0 |
Address and contacts
- Address (IRS master file)
- 8 RICH ST, ASHEVILLE, NC 28806-3323
- In care of
- % HUM LYE
- Signed the 990
- Hun Lye, Executive Director
- Phone
- (828) 215-7222
- Return prepared by
- PHA CPA PA
Mission
To support the development and growth of the Buddha's teachings in the Americas.
Program accomplishments
- To facilitate worship and provide spiritual and cultural educational programs for followers of the teachings of the Buddha. Expenditures relate to starting a new monastery.Expenses $100,719
- To facilitate translation and communication between followers of the Buddha's teachings and establish a dormitory for use during worship.
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
- 46-2214426
- 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
- 2017
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Religion-related (X50)
- Assets (IRS master file)
- $829,855
- Income (IRS master file)
- $198,526
Revocation and reinstatement
- Exemption revoked
- May 15, 2016
- Posted by the IRS
- August 8, 2016
- Reinstated
- Effective May 15, 2016
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $198,526 | $111,348 | $829,855 | IRS |
| 990 | December 2023 | $150,159 | $92,074 | $742,677 | XML |
| 990 | December 2022 | $405,025 | $58,176 | $684,592 | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | 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 46-2214426).
Questions about DRIKUNG KAGYU FOUNDATION USA
- What is the EIN of DRIKUNG KAGYU FOUNDATION USA?
- The employer identification number (EIN) of DRIKUNG KAGYU FOUNDATION USA is 46-2214426.
- Is DRIKUNG KAGYU FOUNDATION USA tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2016 and reinstated it effective May 15, 2016.
- Are donations to DRIKUNG KAGYU FOUNDATION USA tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DRIKUNG KAGYU FOUNDATION USA 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 DRIKUNG KAGYU FOUNDATION USA 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 DRIKUNG KAGYU FOUNDATION USA 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 DRIKUNG KAGYU FOUNDATION USA?
- The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does DRIKUNG KAGYU FOUNDATION USA have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $198,526, expenses of $111,348 and total assets of $829,855 at year end.
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