Overview
What is Tricycle Foundation?
Tricycle Foundation, based in New York City, is a nonprofit organization that has seen steady growth and success over the years. Their primary mission involves publishing and distributing the educational magazine and website "Tricycle," which serves to explain and illustrate various aspects of Buddhism to its readers. In 2022, the organization continued to invest in staff and technology, resulting in the launch of the Daily Dharma app and the implementation of advanced marketing software. Tricycle also offers free resources like its Buddhism for Beginners microsite, online-learning scholarships, podcasts, and newsletters. The organization expanded its paid offerings with a premium subscription, which gained momentum throughout the year. Tricycle's innovative partnerships, such as collaborating with the University of Portland's business school, helped improve its online user experience, email marketing, and social media strategies. With the support of generous donors, Tricycle's donor base continued to grow, enabling the organization to continue its mission of making Buddhist teachings widely accessible.
Official website here: www.tricycle.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 99%, Four-Star out of Four Star rating.
The Tricycle Foundation has achieved an exceptional score of 99%, reflecting strong accountability and financial health. The rating is based entirely on its Accountability & Finance metrics, which are crucial for assessing a nonprofit's reliability and transparency. The foundation boasts a high percentage of independent board members and has successfully maintained a solid audit of its financial statements.
Significant strengths include a high program expense ratio of 93.88%, indicating that the majority of its resources are directed towards its mission-driven activities. Additional elements such as the presence of critical policies (conflict of interest, whistleblower, and document retention) and a clean record regarding asset diversion further enhance its credibility.
While the foundation's financial health appears robust with a liabilities to assets ratio of 51.73%, there are no notable limitations reported in the data. This level of financial prudence and organizational integrity underscores the Tricycle Foundation's commitment to responsible management and effective service delivery.
This AI summary has been generated from information found on Charity Navigator.
Is Tricycle Foundation legitimate?
Tricycle Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tricycle Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $257,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $853,773
For more financial information, click here
Official website here: www.tricycle.org
What is the mission statement of Tricycle Foundation?
The Tricycle Foundation's mission is centered around the publication and distribution of an educational magazine and website named "Tricycle." This platform aims to enlighten its readers about various aspects of Buddhism, its religion, and culture by equating and illustrating the subject matter. Throughout the year, the foundation invests in staff and technology to enhance its success, expanding its free offerings and paid subscriptions. Through innovative partnerships and the support of its generous donors, the organization continues to advance its mission of making Buddhist teachings widely accessible.
Official website here: www.tricycle.org
What is the revenue of Tricycle Foundation?
Tricycle Foundation's revenue in 2024 was $3,523,531.
Official website here: www.tricycle.org
Who are the executives of Tricycle Foundation and what are their salaries?
The average compensation at Tricycle Foundation during 2024 was $65,369. There are 17 employees at Tricycle Foundation.
Here are 11 key members and their salaries:
- Compensation: $257,500
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- Other: $0
- Compensation: $125,000
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Official website here: www.tricycle.org
Where can I find the form 990 for Tricycle Foundation?
Tricycle Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.tricycle.org
Learn more at the official website: www.tricycle.org
Mission Statement of Tricycle Foundation
The Tricycle Foundation, a distinguished organization, is dedicated to disseminating knowledge and understanding of Buddhist religion and culture to its readership. They achieve this goal through the publication and distribution of their educational magazine, "Tricycle," and its accompanying website. The content of these platforms is designed to elucidate and equalize various aspects of Buddhism, providing a comprehensive and enlightening experience for its readers.
In essence, the Tricycle Foundation serves as a bridge, connecting individuals to the rich tapestry of Buddhist beliefs and practices. Their mission is not just about disseminating information, but also about engaging and illuminating the complexities of Buddhism in a way that is accessible and meaningful to a diverse audience. The organization's publications and online resources offer a wealth of insights into the spiritual and cultural dimensions of Buddhism, fostering a deeper appreciation and understanding of this ancient tradition.
Throughout its existence, the Tricycle Foundation has remained committed to its mission, continually investing in staff, technology, and partnerships to enhance its offerings and reach. Whether it's launching a new app, implementing innovative marketing software, or expanding its free and paid offerings, the organization's focus remains on making Buddhist teachings widely available to its readership. The generosity of its donors has played a crucial role in this mission, enabling the Tricycle Foundation to advance its cause and remain a vital resource for those seeking to explore Buddhism.
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Impact
October, 2024
Tricycle Foundation significantly impacts the dissemination and understanding of Buddhist teachings and culture through its educational magazine and website, "Tricycle." By providing accessible content, the foundation equates and illustrates various aspects of Buddhism, making it approachable for readers at different levels of familiarity.
In recent years, Tricycle has embraced technological advancements and innovative partnerships to enhance its offerings. The launch of the Daily Dharma app, for instance, leverages the popularity of its daily newsletter, ensuring that insights and teachings reach a wider audience more effectively. The organization also focuses on enriching its free educational resources, such as the Buddhism for Beginners microsite, online-learning scholarships, and engaging podcasts like Tricycle Talks and Life As It Is.
The collaboration with the University of Portland's business school exemplifies Tricycle's commitment to continual improvement. This partnership has led to a streamlined online user experience, bolstering audience engagement and making the immense wealth of Buddhist knowledge even more accessible.
The growth of Tricycle's donor base further illustrates its rising impact and the community's support for its mission. With increased contributed revenue, Tricycle can continue to expand its reach and develop higher-value offerings, such as premium subscriptions, allowing for deeper engagement with readers. The organization's steadfast dedication to making Buddhist teachings widely available stands as a testament to its influential role in promoting understanding and appreciation of Buddhist culture.
This information is meant to be a general summary of Tricycle Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $21,398
- Program Service Revenue: $3,070,693
- Gross Receipts: $3,523,571
Assets and Liabilities:
- Total Assets: $2,370,095
- Total Liabilities: $1,081,428
- Net Assets: $1,288,667
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADVERTISING REVENUE
Revenue
$180,192
MAGAZINE SALES
Revenue
$2,138,630
ON-LINE COURSES
Revenue
$539,778
PARTNERSHIP INCOME
Revenue
$125,382
RENTAL INCOME
Revenue
$78,600
Organization Details
Founding Year
1990
Principal Officer
James Shaheen
Website
www.tricycle.orgNTEE Category
Code: A76Z - Arts
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