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Tricycle Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 133589889 ✦ New york, NY ✦ Designated as a 501(c)(3)

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

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.

Here are some key statistics you may want to consider:

Executive Compensation: $222,499
Professional Fundraising Fees: $0
Other Salaries and Wages: $806,370

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

Who is the CEO of Tricycle Foundation?

James Shaheen is the President of Tricycle Foundation.


Official website here: www.tricycle.org

What is the revenue of Tricycle Foundation?

Tricycle Foundation's revenue in 2022 was $3,225,957.


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 2022 was $51,443. There are 20 employees at Tricycle Foundation.

Here are 12 key members and their salaries:

    James Shaheen (President) [Trustee/Director]
  • Compensation: $222,499
  • Related: $0
  • Other: $0

    • Samuel Mowe ()
  • Compensation: $107,500
  • Related: $0
  • Other: $0

    • Werner Doyle (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Philip Glass (Chair Emeritus) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Helen Tworkov (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mayree Clark (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Christopher Crevier (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Genevieve David (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jonathan Hochman (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Roger Rosner (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lawrence Fox (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Duncan Ryuken Williams (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.tricycle.org

    Where can I find the form 990 for Tricycle Foundation?

    The Tricycle Foundation’s most recent form 990 was submitted in 2022 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.

    Impact

    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.




    Thursday, August 15, 2024

    Tricycle Foundation's impact lies in making Buddhist teachings widely available through its educational magazine and website, Tricycle. The foundation has made significant strides in fiscal 2022, investing in staff, technology, and free offerings like Buddhism for Beginners microsite, online-learning scholarships, podcasts, and newsletters. New initiatives such as the Daily Dharma app and premium subscriptions have gained momentum, expanding the reach of Buddhist teachings. Through innovative partnerships and a growing donor base, Tricycle Foundation continues to advance its mission and engage with its readership effectively.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $10,872
  • Program Service Revenue: $2,733,883
  • Gross Receipts: $3,225,957

    • Assets and Liabilities:
  • Total Assets: $2,370,095
  • Total Liabilities: $1,081,428
  • Net Assets: $1,288,667
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    ADVERTISING REVENUE

    Revenue

    $213,320

    MAGAZINE SALES

    Revenue

    $1,879,120

    ON-LINE COURSES

    Revenue

    $507,074

    PARTNERSHIP INCOME

    Revenue

    $63,057

    RENTAL INCOME

    Revenue

    $64,100

    Organization Details

    Founding Year

    1990

    Principal Officer

    James Shaheen

    Main Address

    89 FIFTH AVENUE 301, NEW YORK, NY, 10003

    NTEE Category

    Code: A76Z - Arts

    If you are a representative of Tricycle Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.