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Danang Foundation Corp

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Religion-Related, Spiritual Development / Buddhist (NTEE)

Donations to this organization are tax deductible.

Details

According to its Dec. 2023 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$331k (2023)

Expenses
$519k (2023)

Total Assets
$1.56M (2023)

Total Liabilities
$374k (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$331,333
Expenses
$518,756
Net Income
-$187,423
Net Assets
$1,187,406
Notable Sources of Revenue Percent of Total Revenue
Contributions $21,030
6.3%
Program Services $282,748
85.3%
Investment Income $555
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $27,000
8.1%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $45,600
8.8%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,561,453
Total Liabilities $374,047
Net Assets $1,187,406
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Tashi Rinpoche Lama Tsewang (President) $45,600 $0 $0
Mi Wu (Secretary/Cfo) $0 $0 $0
Drongpa Jampal Namgyal (Director) $0 $0 $0
Wangchuk Tenzin Lama (Tresurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$285,025
Expenses
$350,498
Net Income
-$65,473
Net Assets
$1,374,829
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $285,025
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $45,600
13.0%
Professional Fundraising Fees $0
Other Salaries and Wages $11,291
3.2%
Assets/Debt
Total Assets $1,707,175
Total Liabilities $332,346
Net Assets $1,374,829
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Tashi Rinpoche Lama Tsewang (President) $45,600 $0 $0
Mi Wu (Secretary/Cfo) $0 $0 $0
Drongpa Jampal Namgyal (Director) $0 $0 $0
Wangchuk Tenzin Lama (Tresurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$167,688
Expenses
$271,171
Net Income
-$103,483
Net Assets
$1,440,302
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $164,590
98.2%
Investment Income $98
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $3,000
1.8%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $45,600
16.8%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,572,828
Total Liabilities $132,526
Net Assets $1,440,302
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Tashi Rinpoche Lama Tsewang (President) $45,600 $0 $0
Mi Wu (Secretary/Cfo) $0 $0 $0
Drongpa Jampal Namgyal (Director) $0 $0 $0
Wangchuk Tenzin Lama (Tresurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$231,981
Expenses
$216,440
Net Income
$15,541
Net Assets
$1,543,786
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,000
0.4%
Program Services $230,980
99.6%
Investment Income $1
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $37,100
17.1%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,585,277
Total Liabilities $41,491
Net Assets $1,543,786
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Tashi Rinpoche Lama Tsewang (President) $37,100 $0 $0
Mi Wu (Secretary/Cfo) $0 $0 $0
Drongpa Jampal Namgyal (Director) $0 $0 $0
Wangchuk Tenzin Lama (Tresurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$221,269
Expenses
$348,460
Net Income
-$127,191
Net Assets
$1,528,244
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $221,182
100.0%
Investment Income $87
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $42,000
12.1%
Professional Fundraising Fees $0
Other Salaries and Wages $2,148
0.6%
Assets/Debt
Total Assets $1,553,219
Total Liabilities $24,975
Net Assets $1,528,244
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Tashi Rinpoche Lama Tsewang (President) $42,000 $0 $0
Mi Wu (Secretary/Cfo) $0 $0 $0
Drongpa Jampal Namgyal (Director) $0 $0 $0
Wangchuk Tenzin Lama (Tresurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,075,513
Expenses
$1,489,975
Net Income
$585,538
Net Assets
$1,805,426
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,072,485
99.9%
Investment Income $28
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $3,000
0.1%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $40,639
2.7%
Professional Fundraising Fees $0
Other Salaries and Wages $8,981
0.6%
Assets/Debt
Total Assets $1,822,306
Total Liabilities $16,880
Net Assets $1,805,426
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Tashi Rinpoche Lama Tsewang (President) $40,639 $0 $0
Gyaltesn John (Director) $0 $0 $0
Drongpa Jampal Namgyal (Director) $0 $0 $0
Shyu Juiling (Tresurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$227,039
Expenses
$313,391
Net Income
-$86,352
Net Assets
$1,219,886
Notable Sources of Revenue Percent of Total Revenue
Contributions $200
0.1%
Program Services $224,542
98.9%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $2,297
1.0%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $33,750
10.8%
Professional Fundraising Fees $0
Other Salaries and Wages $38,381
12.2%
Assets/Debt
Total Assets $1,530,755
Total Liabilities $310,869
Net Assets $1,219,886
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Tsewang Tashi Rinpoche (President) $33,750 $0 $0
Gyaltesn John (Director) $0 $0 $0
Gyaltesn Tsultrim (Director) $0 $0 $0
Drongpa Jampal Namgyal (Director) $0 $0 $0
Shyu Juiling (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$193,983
Expenses
$359,522
Net Income
-$165,539
Net Assets
$1,306,238
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $193,978
100.0%
Investment Income $5
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $38,982
10.8%
Professional Fundraising Fees $0
Other Salaries and Wages $53,739
14.9%
Assets/Debt
Total Assets $1,486,238
Total Liabilities $180,000
Net Assets $1,306,238
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Tsewang Tashi Rinpoche (President) $38,982 $0 $0
Gyaltesn John (Director) $0 $0 $0
Gyaltesn Tsultrim (Director) $0 $0 $0
Drongpa Jampal Namgyal (Director) $0 $0 $0
Shyu Juiling (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,798,887
Expenses
$389,018
Net Income
$1,409,869
Net Assets
$1,481,048
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,798,866
100.0%
Investment Income $21
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $25,873
6.7%
Professional Fundraising Fees $0
Other Salaries and Wages $49,062
12.6%
Assets/Debt
Total Assets $1,688,648
Total Liabilities $207,600
Net Assets $1,481,048
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Tsewang Tashi Rinpoche (President) $25,873 $0 $0
Gyaltesn John (Director) $0 $0 $0
Gyaltesn Tsultrim (Director) $0 $0 $0
Drongpa Jampal Namgyal (Director) $0 $0 $0
Shyu Juiling (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$378,083
Expenses
$363,838
Net Income
$14,245
Net Assets
$71,179
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $378,083
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $18,000
4.9%
Professional Fundraising Fees $0
Other Salaries and Wages $19,140
5.3%
Assets/Debt
Total Assets $101,179
Total Liabilities $30,000
Net Assets $71,179
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Tsewangtashi Rinpoche (President) $18,000 $0 $0
Gyaltesn John (Director) $0 $0 $0
Gyaltesn Tsultrim (Director) $0 $0 $0
Drongpa Jampal Namgyal (Director) $0 $0 $0
Shyujuiling (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$114,055
Expenses
$113,294
Net Income
$761
Net Assets
$44,294
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $114,055
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $20,230
17.9%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $44,979
Total Liabilities $685
Net Assets $44,294

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$124,542
Expenses
$102,448
Net Income
$22,094
Net Assets
$69,033
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $124,542
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $18,000
17.6%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $70,033
Total Liabilities $1,000
Net Assets $69,033

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$132,436
Expenses
$132,242
Net Income
$194
Net Assets
$52,787
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $132,436
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $52,787
Total Liabilities $0
Net Assets $52,787

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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