ADMINISTRATION

ADMINISTRATION OF NMCIF

The Head Office of the Nyingma Monlam Chenmo International Foundation is located at Namdroling Monastery, Bylakuppe 571 104  in Mysore District in South India .

The Patrons of the Nyingma Monlam Chenmo International Foundation include all the Great Masters and Enlightened Lineage Holders of the Nyingma tradition all over the globe. All our activities are under their guidance and with their blessings.

The day to day affairs of the Foundation are managed and administered by the Board of Trustees comprised of:

Chairman HE Minling Khenchen Rinpoche
Trustees Ven Khochen Rinpoche

Ven Rigo Tulku Rinpoche
Managing Trustee Khenpo Sonam Phurbu Negi

  The Board of Trustees have the assistance of a Universal Advisory Committee which periodically reviews the functions of the Foundation and helps in framing policy matters. The committee is comprised of:

Chairman HE Minling Khenchen Rinpoche
Vice Chairman HE Shechen Rabjam Rinpoche

HE Dzogchen Rinpoche HE Gyangkhang Rinpoche
General Secretary: Projects Ven Khochen Rinpoche
General Secretary: Fund Raising Ven Rigo Tulku Rinpoche
Advisors Board Members HE Kathok Getse Rinpoche Tarthang Tulku Gyari Tulku Rinpoche Ladakh Choje Tulku Khenchen Pema Sherab Sogyal Rinpoche
Lachung Rinpoche Nangzey Dorjela Tulku Ajam Khenpo Chowang Khenpo Sangye Rangjung Khenpo Gyurme Tsultrim
Khenpo Tamdin Khenpo Karma Wangchug Khenpo Senge Dorjee Lopon Tseten Bhu Tsering
Permanent Invitee Khenpo Sonam Phurbu Negi

BALANCE SHEET
SNo Particulars Sch 2017 2016 2015
A. LIABILITIES:
I Corpus Fund A 347,648,746.40 317,935,897.80 291,929,626.90
II Current Liabilities B 413,018.00 1,145,256.00 1,012,362.00
Total Liabilities 348,061,764.40 319,081,153.80 292,941,988.90
B. ASSETS
I Fixed Assets: C
Gross Block 143,796,451.50 143,460,649.50 142,701,233.50
Depriciation 45,272,401.00 40,629,455.00 35,498,601.00
Net Block 98,524,050.53 102,831,194.50 107,202,632.50
II Investments D 225,431,761.00 197,918,765.00 169,255,829.00
III Advances Recoverable E 11,897,686.18 10,765,097.97 8,195,740.11
IV Cash & Assets F 12,208,266.71 7,566,096.31 8,287,787.30
Total Assets 348,061,764.40 319,081,153.80 292,941,988.90
INCOME AND EXPENDITURE ACCOUNT
By INCOME:
Dividend & Interest From UTI Voluntary Contributions 40,564,831.00 21,843,423.00 20,071,818.00
Interest On Deposits:
a. Term Deposits: HDFC 4,194,913.22 4,162,000.40 4,870,472.17
b. Bank Term Deposits 12,402,417.00 11,559,724.58 9,582,589.71
c. Other Bank Deposits 235,566.00 183,015.00 131,544.00
d. Income Tax Refunds 124,176.00
Rent Received
Gains on Sale of Assets: Prior Period
Profit on Sale Of Assets
Miscellaneous Income 808,588.00 217,974.00 178,976.93
Total Income 58,206,315.22 38,090,312.98 34,835,400.81
To EXPENDITURE:
Administrative Expenses G 6,007,675.26 2,055,001.11 1,733,466.23
Expenditure For Charitable Objects H 19,261,308.00 21,195,701.00 16,389,363.00
Depreciation 4,642,946.00 5,130,854.00 5,199,850.00
Depreciation: For Earlier Years
Auditor’s Remuneration:
For Audit 236,000.00 150,000.00 171,630.00
For Other Services 97,600.00 52,472.00 145,213.00
Total Expenditure 30,245,529.26 28,584,028.11 23,639,522.23
NET EXPENDITURE FOR THE YEAR 27,960,785.96 9,506,284.87 11,195,878.58
RECEIPTS AND PAYMENTS ACCOUNT
By RECEIPTS:
Corpus Donations:
Domestic 865,972.00 15,782,437.00 15,082,372.00
Foreign Contributions 886,090.65 717,549.00 5,980,144.00
Exchange Fluctuation Gain 1,037.00
Dividend From UTI Bonds
Voluntary Contributions 40,564,831.00 21,843,423.00 20,071,818.00
Interest Received On:
a. Bank Term Deposits 17,554,285.01 13,327,853.00 16,376,595.00
b. Other Bank Deposits 235,566.00 183,015.00 131,544.00
c. Income Tax Refunds 124,176.00
Decrease in Advances & Deposits 369,766.00
Investments Realised 22,409,958.00 80,544,513.00 68,909,673.00
Sale Of Assets
Increase in Other liabilities 178,894.00 11,642.00
Income Tax Refunds Received 1,034,894.00
Collections: Tsetrul Rinpoche Anniversary 500,000.00
Miscellaneous Income 808,588.00 217,974.00 178,976.93
Total Receipts 83,325,290.66 134,824,494.00 126,743,801.90
To PAYMENTS:
Expenses For Charitable Objects 19,261,308.00 21,195,701.00 16,389,363.00
Administrative Expenses 6,007,675.26 2,055,001.11 1,733,466.23
Audit Fee Paid 275,100.00 248,472.00 237,812.00
Increase In Advances & Deposits 429,832.00 94,622.00
Decrease In Other Liabilites 790,738.00
Additions To Fixed Assets: 335,802.00 759,416.00 15,618,077.00
Other liabilities Paid
Payments: Tsetrul Rinpoche Anniversary 500,000.00
Investments Made 49,922,954.00 109,207,449.00 89,611,524.00
Income Tax TDS Paid 1,659,711.00 1,580,145.88 1,107,895.00
Total Payments 78,683,120.26 135,546,185.00 124,792,759.20
BALANCE 4,642,170.40 -721,690.99 1,951,042.70
Add : Opening Cash & Bank Balances 7,566,096.31 8,287,787.30 6,336,744.60
Closing Balance 12,208,266.71 7,566,096.31 8,287,787.30
FOREIGN CURRENCY CONTRIBUTIONS
BALANCE SHEET
Particulars Sch As At 31.3.2017 As At 31.3.2016 As At 31.3.2015
A. LIABILITIES:
1 Corpus Fund A 2,984,255.41 5,740,319.26 6,904,234.26
2 Current Liabilities
Total Liabilities 2,984,255.41 5,740,319.26 6,904,234.26
B. ASSETS:
1 Fixed Assets
2 Investments: Bank TDR B 2,668,748.00 5,096,218.00 5,626,379.00
3 Other Current Assets
4 Cash and Bank Balances C 315,507.41 644,101.26 1,277,855.26
Total Assets 2,984,255.41 5,740,319.26 6,904,234.26
INCOME AND EXPEDITURE ACCOUNT
A. INCOME:
Foreign Contributions Received:
Dharmasala Construction & Maintenance
Cultural & Religious Activities 886,090.65 717,549.00 1,989,955.00
Poor Feeding Activities 3,990,189.00
Dictionary Publication Activities
Interest On Bank Deposits: 713,348.00
Dharmasala Construction & Maintenance 137,085.00 454,507.00
Cultural & Religious Activities 548
Poor Feeding Activities
Dictionary Publication Activities
Other Receipts:
Exchange Fluctuation:
Cultural & Religious Activities 1,037.00
TOTAL INCOME 1,599,438.65 854,634.00 6,436,236.00
B. EXPENDITURE:
Dharmasala Construction & Maintenance 1,092,565.00 701,300.00
Cultural & Religious Activities 118,000.00 1,809,367.00
Poor Feeding Activities 108,000.00 3,859,947.00
Dictionary Publication Activities 699,984.00
Expenditure For Objects of the Trust 4,341,557.50
Administrative Expenses 13,945.00
TOTAL EXPENDITURE 4,355,502.50 2,018,549.00 6,370,614.00
C. EXCESS OF INCOME OVER EXPENDITURE -2,756,063.85 -1,163,915.00 65,622.00
RECEIPTS AND PAYMENTS ACCOUNT
RECEIPTS:
Foreign Contributions Received:
For Building Construction: Dharmashala
For Religious Functions & Activities 1,989,955.00
For Poor Feeding Activities 3,990,189.00
For Publication Activities 886,090.65 717,549.00
Exchange Fluctuation 1,037.00
Term Deposits Realized 2,427,470.00 830,161.00 6,592,356.00
Bank Interest 713,348.00 137,085.00 455,055.00
Total Receipts 4,026,908.65 1,684,795.00 13,028,592.00
PAYMENTS:
Investment In Bank Term Deposits 300,000.00 5,391,026.00
Building Construction: Dharmashala 451,300.00
Maintennace Expenses: Dharmasala 1,092,465.00 250,000.00
Religious Activities Expense 118,000.00 1,807,564.00
Food & Travelling Expenses: Monlam 108,000.00 3,856,333.00
Publication Expenses 699,984.00
Publication Capital Expenses
Bank Charges 100 5,417.00
Paid to Head Office
Expenditure For Objects of the Trust 4,341,557.50
Administrative Expenses 13,945.00
Total Payments 4,355,502.50 2,318,549.00 11,761,640.00
Balance -328,593.85 -633,754.00 1,266,952.00
Opening Cash & Bank Balance:
Cash On Hand 3,000.00
Cash At Banks 644,101.26 1,277,855.26 7,903.00
Total Opening Balance 644,101.26 1,277,855.26 10,903.00
Closing Cash & Bank Balance:
Cash On Hand
Cash At Banks 315,507.41 644,101.26 1,277,855.26
Total Closing Balance 315,507.41 644,101.26 1,277,855.26