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 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 | ||
