Overview
What is Pema Chodron Foundation?
The Pema Chodron Foundation is a nonprofit organization, based in Steamboat Springs, Colorado, dedicated to fostering and promoting Buddhist monasticism and the broader Buddhist tradition worldwide. Their mission extends beyond North America and Southeast Asia, providing support to various community-oriented organizations serving disadvantaged populations, such as distressed families, abused individuals, incarcerated persons, and drug addicts. Their initiatives include funding for monasteries, monastics, and meditation centers, scholarships for education, health programs, youth rehabilitation and training, books to prisoners and underserved communities, and archiving of Buddhist masters' teachings. The organization, with about 8 employees, also aims to create and support an Endowment Fund for long-term sustainability.
Official website here: www.pemachodronfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58%, One-Star out of Four Stars
The Pema Chodron Foundation has received a low rating of 58%, equating to a One-Star rating, primarily due to concerns in accountability and finance. This score reflects a lack of an independent board, as none of the eight board members are independent, and the board size also scores poorly. Additionally, the foundation failed to meet several transparency standards, including the posting of financial statements on its website.
Despite its weaknesses in governance and accountability, the foundation has demonstrated some positive attributes, such as reporting a strong liabilities to assets ratio and maintaining a conflict of interest policy. It has also successfully documented board meeting minutes and has a whistleblower policy in place, although compliance with document retention policies is notably lacking.
Overall, while the Pema Chodron Foundation engages in important work, potential donors and supporters may wish to consider the organization's governance and financial transparency issues before getting involved. The reliance on a single beacon score emphasizes the need for improvement in accountability practices to build greater trust among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Pema Chodron Foundation legitimate?
Pema Chodron Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pema Chodron 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: $109,816
Professional Fundraising Fees: $0
Other Salaries and Wages: $11,058
For more financial information, click here
Official website here: www.pemachodronfoundation.org
What is the mission statement of Pema Chodron Foundation?
The Pema Chodron Foundation's mission is centered around supporting and promoting Buddhist monasticism and the Buddhist tradition globally. Their objective is to contribute to the realization of this vision by offering assistance and aid to community-focused organizations that cater to disadvantaged populations. Specifically, these organizations work with distressed families, particularly children and adolescents, victims of abuse, incarcerated individuals, and drug addicts. Additionally, the foundation aims to establish and maintain an Endowment Fund, ensuring its charitable activities continue indefinitely.
Official website here: www.pemachodronfoundation.org
Who is the CEO of Pema Chodron Foundation?
Timothy Olmsted is the President of Pema Chodron Foundation.
Official website here: www.pemachodronfoundation.org
What is the revenue of Pema Chodron Foundation?
Pema Chodron Foundation's revenue in 2022 was $1,038,159.
Official website here: www.pemachodronfoundation.org
Who are the executives of Pema Chodron Foundation and what are their salaries?
The average compensation at Pema Chodron Foundation during 2022 was $15,109. There are 8 employees and 5 volunteers at Pema Chodron Foundation.
Here are 7 key members and their salaries:
- Compensation: $40,800
- Related: $0
- Other: $0
- Compensation: $26,400
- Related: $0
- Other: $0
- Compensation: $16,500
- Related: $0
- Other: $0
- Compensation: $12,054
- Related: $0
- Other: $0
- Compensation: $11,220
- Related: $0
- Other: $0
- Compensation: $6,600
- Related: $0
- Other: $0
- Compensation: $2,400
- Related: $0
- Other: $0
Official website here: www.pemachodronfoundation.org
Where can I find the form 990 for Pema Chodron Foundation?
Pema Chodron Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.pemachodronfoundation.org
Learn more at the official website: www.pemachodronfoundation.org
Mission Statement of Pema Chodron Foundation
The Pema Chodron Foundation is dedicated to fostering Buddhist monasticism and upholding the Buddhist tradition globally. Its mission extends beyond this, aiming to materialize the Buddhist philosophy by offering support and aid to community-focused organizations that cater to marginalized populations. These populations include distressed families, particularly children and adolescents, victims of abuse, incarcerated individuals, and those struggling with drug addiction. The foundation's ultimate goal is to establish a perpetual Endowment Fund, ensuring that its efforts in aiding these communities continue well into the future.
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Impact
October, 2024
The Pema Chodron Foundation has significantly impacted both Buddhist monasticism and the broader community by supporting structures that nurture the Buddhist tradition. It provides vital resources for monasteries, monastics, and meditation centers in North America and Southeast Asia, facilitating new construction and promoting educational opportunities through scholarships. The foundation actively supports health programs and youth rehabilitation, addressing the needs of marginalized populations including distressed families, abused individuals, and the incarcerated.
Moreover, the foundation distributes books on meditation to underserved groups, such as prisoners, fostering personal growth and resilience amid challenging circumstances. By focusing on the translation and archiving of teachings from Buddhist masters, the foundation helps preserve essential wisdom and ensures its accessibility for future generations. Its commitment to creating a permanent Endowment Fund reinforces its long-term vision, ensuring sustained support for these transformative initiatives and furthering the mission of compassion and service within society.
This information is meant to be a general summary of Pema Chodron 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 2022.
- Investment Income: $156,919
- Program Service Revenue: $651,500
- Gross Receipts: $1,085,894
Assets and Liabilities:
- Total Assets: $6,433,667
- Total Liabilities: $282,899
- Net Assets: $6,150,768
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program royalty income
Revenue
$609,684
Teaching program income
Revenue
$41,816
Organization Details
Founding Year
2006
Phone
(970) 484-0945Principal Officer
Timothy Olmsted
Main Address
P O Box 770630, Steamboat Springs, CO, 80477
NTEE Category
Code: X50 - Religion related
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