Form990


Department of the TreasuryInternal Revenue Service
Return of Organization Exempt From Income Tax
Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private foundations)
MediumBullet Do not enter social security numbers on this form as it may be made public.
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OMB No. 1545-0047
2021
Open to Public Inspection
A For the 2021 calendar year, or tax year beginning 07-01-2022 , and ending 06-30-2023
BCheck if applicable:
CName of organization
BHUTAN TRUST FUND FOR ENVIRONMENTAL
CONSERVATION
 
Doing business as
GRANT MAKING ORG FROM INVEST INC
 
Number and street (or P.O. box if mail is not delivered to street address)
GENYEN LAM POST BOX 520
 
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
THIMPHU11001
Bhutan
D Employer identification number

31-1484039
E Telephone number

G Gross receipts $ 1,097,890
F Name and address of principal officer:
DR KARMA TSHERING
GENYEN LAM POST BOX 520
THIMPHU   11001
BT
I
Tax-exempt status: ( 4 ) LeftBullet (insert no.) or
J
Website:MediumBullet
WWW.BHUTANTRUSTFUND.BT
H(a)
Is this a group return for
subordinates?
H(b)
Are all subordinates
included?
If "No," attach a list. See instructions.
H(c)
Group exemption number MediumBullet  
K Form of organization:  
L Year of formation: 1991
M State of legal domicile: PA
Part I
Summary
Activities & Governance 1 Briefly describe the organization’s mission or most significant activities: ALL CITIZENS CHAMPION THE PRESERVATION OF BIOLOGICAL DIVERSITY, RESILIENCE TO CLIMATE CHANGE, CO-EXISTENCE WITH WILDLIFE, AND ADDRESS ADVERSE IMPACTS OF DEVELOPMENT ON THE ENVIRONMENT THROUGH SUSTAINED FINANCING.
2 Check this box MediumBullet
3 Number of voting members of the governing body (Part VI, line 1a) ........ 3 7
4 Number of independent voting members of the governing body (Part VI, line 1b) ..... 4 7
5 Total number of individuals employed in calendar year 2021 (Part V, line 2a) ...... 5 0
6 Total number of volunteers (estimate if necessary) ............. 6 0
7a Total unrelated business revenue from Part VIII, column (C), line 12 ........ 7a 0
b Net unrelated business taxable income from Form 990-T, Part I, line 11 ......... 7b 0
Revenues Prior Year Current Year
8 Contributions and grants (Part VIII, line 1h) ......... 0 0
9 Program service revenue (Part VIII, line 2g) ......... 0 0
10 Investment income (Part VIII, column (A), lines 3, 4, and 7d ) .... 6,124,653 540,660
11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e) 23,023 -281,606
12 Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12) 6,147,676 259,054
Expenses; 13 Grants and similar amounts paid (Part IX, column (A), lines 1–3 )... 1,088,288 960,809
14 Benefits paid to or for members (Part IX, column (A), line 4)..... 0 0
15 Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10) 127,237 160,239
16a Professional fundraising fees (Part IX, column (A), line 11e) ..... 0 0
b Total fundraising expenses (Part IX, column (D), line 25) MediumBullet0    
17 Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e).... 441,016 411,720
18 Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25) 1,656,541 1,532,768
19 Revenue less expenses. Subtract line 18 from line 12....... 4,491,135 -1,273,714
Net Assets or Fund Balances; Beginning of Current Year End of Year
20 Total assets (Part X, line 16)............. 69,425,240 68,804,540
21 Total liabilities (Part X, line 26)............. 3,354,305 4,179,921
22 Net assets or fund balances. Subtract line 21 from line 20..... 66,070,935 64,624,619
Part II
Signature Block
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge.
Sign Here
JumboBullet
Signature of officer Date
JumboBullet
Type or print name and title
Paid Preparer Use Only
Print/Type preparer's name
Preparer's signature
Date
PTIN
Firm's name MediumBullet

Firm's EIN MediumBullet
Firm's address MediumBullet



Phone no.
May the IRS discuss this return with the preparer shown above? (see instructions) ..........
For Paperwork Reduction Act Notice, see the separate instructions.
Cat. No. 11282Y Form 990 (2021)
Form 990 (2021)
Page 2
Part III
Statement of Program Service Accomplishments
Check if Schedule O contains a response or note to any line in this Part III..............
1
Briefly describe the organization’s mission: ALL CITIZENS CHAMPION THE PRESERVATION OF BIOLOGICAL DIVERSITY, RESILIENCE TO CLIMATE CHANGE, CO-EXISTENCE WITH WILDLIFE, AND ADDRESS ADVERSE IMPACTS OF DEVELOPMENT ON THE ENVIRONMENT THROUGH SUSTAINED FINANCING.
2
Did the organization undertake any significant program services during the year which were not listed on
the prior Form 990 or 990-EZ? .....................
If "Yes," describe these new services on Schedule O.
3
Did the organization cease conducting, or make significant changes in how it conducts, any program
services? ...........................
If "Yes," describe these changes on Schedule O.
4
Describe the organization’s program service accomplishments for each of its three largest program services, as measured by expenses. Section 501(c)(3) and 501(c)(4) organizations are required to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program service reported.
4a (Code:   ) (Expenses $ 369,650 including grants of $ 522,356 ) (Revenue $   )
MB0200Y19: CONSERVATION OF PROTECTED AREAS (BHUTAN FOR LIFE)OBJECTIVE: (I) LONG-TERM PROTECTION OF BHUTAN'S NETWORK OF PROTECTED AREAS TO SECURE HUMAN WELL-BEING AND BIODIVERSITY COS.ACCOMPLISHMENTS: (I) CONSTRUCTED LANDFILL SITE AT MUKAZOR / GURKHACHEMMA, LUMANG GEWOG UNDER WAMRONG DUNGKHAG. (II) THE NEWLY CONSTRUCTED LANDFILL HAS REPLACED THE PREVIOUS LANDFILL WHICH IS LOCATED AT 12 KM FROM WAMRONG TOWN. (III) THE LENGTH OF THE CHAIN LINK IS 3.1 KM, 1.4KM, 5.42KM, 2KM AND 4 KM FENCES CONSTRUCTED. (IV) DATA ANALYSIS REPORT AND OFFICIAL LAUNCH INCLUDING DATA SORTING AND COMPILATION FOR NATIONAL SNOW LEOPARD II IS COMPLETED. (V) LANDFILL SITE AT MUKAZOR COMPLETED WHICH WOULD BENEFIT 500 HOUSEHOLDS OF KHALING, LUMANG INCLUDING WAMRONG TOWN.(VI) COMPLETED CONSTRUCTION OF CARETAKER RESIDENCE AT JOMOTSANGKHA.(VII) CONSTRUCTION OF THE BC RANGE OFFICE AT WARMONG IN TRASHIGANG DZONGKHAG FOREST OFFICE IS COMPLETED.(VIII) MAINTENANCE OF CIVIL INFRASTRUCTURE-STAFF QUARTER, OFFICE IN BWS,JDNP,PWS,RMNP, TRASHIGANG COMPLETED.
4b (Code:   ) (Expenses $ 200,996 including grants of $ 200,996 ) (Revenue $   )
MB0215Y23: 250KW,ROOFTOP SOLAR AT CFMOBJECTIVE: (I) ACHIEVE SUSTAINABLE ENERGY SUPPLY THROUGH ALTERNATIVE RENEWABLE ENERGY SOURCES OF SOLAR GRID INTEGRATION. ACCOMPLISHMENTS: (I) FULLY OPERATIONAL 250 KW ROOFTOP SOLAR INSTALLATION DEVELOPED THROUGH INHOUSE CAPACITY.(II)THE 56 DE-SUUPS ARE ACTIVELY INVOLVED IN THE PROJECT AND HAVE GAINED PRACTICAL KNOWLEDGE OF INSTALLING SOLAR PV SYSTEMS THROUGH HANDS-ON EXPERIENCE(III) THE VEGETABLE VENDORS AT CFM ARE BENEFITED THROUGH SUSTAINABLE ENERGY SUPPLY THROUGH THIS SOLAR PROJECT. (IV) THE TEAM OF ENGINEERS INVOLVED IN DESIGN AND ENGINEERING HAVE ACQUIRED PRACTICAL INSIGHTS THROUGH THIS PROJECT WITH THE ACTUAL IMPLEMENTATION OF THEIR DESIGN WORKS. (V) THE IMPLEMENTATION OF THE SOLAR PROJECT BRINGS BENEFITS TO THE ENERGY SECTOR OF BHUTAN BY DIVERSIFYING ELECTRICITY GENERATION SOURCES.(VI) NATION BENEFITS FROM THE SOLAR PROJECT BY OFFSETTING THE NEED TO IMPORT AN EQUIVALENT AMOUNT OF ELECTRICITY AT A HIGHER PRICE DURING THE LEAN WINTER MONTHS. (VII) THE IMPLEMENTATION OF SOLAR PV SYSTEMS, AS A CLIMATE MITIGATION EFFORT, HAVE A SIGNIFICANT POSITIVE IMPACT ON THE ENVIRONMENT.
4c (Code:   ) (Expenses $ 106,310 including grants of $ 94,493 ) (Revenue $   )
MB0208Y20: STRENGTHENING DOG POPULATION MANAGEMENT- DOLOBJECTIVE:(I) ABOUT 30,000 PET DOGS HAVE BEEN MICROCHIPPED AND VACCINATED THROUGHOUT THE COUNTRY.(II) AN MOU WITH JANGSA ANIMAL SAVING TRUST AND ROYAL SOCIETY FOR PROTECTION AND CARE OF ANIMAL ALREADY IN PLACE FOR POPULATION CONTROL.(III) ALL DZONGKHAGS HAS FERAL DOG ISSUES TACKLED AND SHELTER CONSTRUCTED IN PARO AND IN THIMPHU.(IV) CABC CAMPAIGN IMPLEMENTED MULTIPLE TIMES ACHIEVING 100% COVERAGE IN HAA, TASHI YANGTSHE, LHUNTSHE AND TSIRANG AND OTHER DZONGKHAGS.(V) AWARENESS & SENSITIZATION MEETING HELD WITH ALL STAKEHOLDERS THROUGHOUT THE COUNTRY IN PERSON AND THROUGH PRINT & AUDIO-VISUAL. (VI) PET INFORMATION AND MANAGEMENT SYSTEM, AN ONLINE DATABASE LAUNCHED.(VII) SPECIALIZED MEDICINES PROCURED AND DISTRIBUTED IN DZONGKHAGS WITH FERAL DOG ISSUES.(VIII) SPECIALIZED DRUGS PROCURED FROM INDIA, AUSTRALIA AND THAILAND AND DART GUNS FROM DENMARK.
(Code:   ) (Expenses $ 581,253 including grants of $ 142,964 ) (Revenue $   )
MB0205Y20: REVIVAL AND CONS OF ENV FOR WELLNESS GARDEN- DRATSHANG LHUENTSHOGOBJECTIVE: IMPROVE & PROMOTE SOCIAL WELFARE OF MONKS THROUGH NATURE CONS, REVIVAL OF TRADITIONAL PRACTICE & INCREASING ACCESS TO WATER. ACCOMPLISHMENTS: (I) CONSTRUCTION OF HALO MENCHU THRUEKHANG: COURSED RUBBLE MASONRY VIP QUARTER BATH AND COMMON BATH STRUCTURE.(II) INSTALLED WATER HEATING HEAT PUMP SYSTEM AT HALU MENCHU PROJECT BELOW DECHENPHODRANG LOBDRA TEWA, THIMPHU. (III) PLANTED OVER 200 NATIVE ORNAMENTAL PLANTS AND BEAUTIFICATION OF THE HELU MENCHU PROJECT BELOW DECHENPHODRANG LOBDRA TEWA.
(Code:   ) (Expenses $   including grants of $   ) (Revenue $   )
MB0214Y22: INNOVATIVE ADAPTATION FUNDOBJECTIVE: REDUCE AND ERADICATE PESTS AND INVASIVE ALIEN SPECIES TO SAVE CROPS AND BIODIVERSITY.ACCOMPLISHMENTS: (I) FORMED TECHNICAL WORKSHING GROUP FOR IMPLEMENTATION OF GALS AF PROGAM.(II) IMPLEMENTED WORKSHOP ON NICHE MODELING.(III) IMPLEMENTED MEETING ON PREPARATION AND DATA COLLECTION.(IV) TRAPS, TOOLS, EQUIPMENTS AND MATERIALS PROCURED.
(Code:   ) (Expenses $   including grants of $   ) (Revenue $   )
MB0209Y20: CHANGJIJI- A ZERO WASTE MODEL COMMUNITYOBJECTIVE: TO PROTECT THE UNIQUE ECOLOGY AND PUBLLC HEALTH IN PARTNERSHIP WITH RELEVANT AGENCIES AND CHANGJIJL COMMUNITY.ACCOMPLISHMENTS:(I) PRODUCED 2 EDUCATIONAL CLIPS AND DISTRBUTED 500 COPIES OF MANUAL BOOKS ON URBAN COMPOSTING.(II) CONSTRUCTED A WASTE TRANSFER STATION (WASTE ACADEMY) FOR WASTE SEGREGATION, EDUCATION AND TRAINING AND WASTE MONITORING.(III) PURCHASED AND INSTALLED FOUR CCTV FOR TIMELY MONITORING OF ILLEGAL WASTE MANAGEMENT.
(Code:   ) (Expenses $   including grants of $   ) (Revenue $   )
MB0201Y20: DEV OF AGROFORESTRY. AS AN ALTERNATIVE LIVELIHOOD OPTION- UWICEROBJECTIVE: INNOCATIVE AGROFORESTRY MODEL TO MITIGATE THE HWC ESTABLISHED.ACCOMPLISHMENTS: (I) THE AGROFORESTRY MODEL DEVELOPED BY INTRODUCING WILDLIFE FRIENDLY SPECIES AND CREATING BUFFER ZONE.(II) DISTRIBUTED 397 WALNUT SEEDLINGS, 272 CANE SEEDLLNGS, 160 AVOCADO SEEDLINGS AND 1160 TO FARMERS.(III) DEVELOPED DOCUMENTARY ON POSITIVE IMPACTS ON ESTABLISHMENT OF AGROFORESRTY MODEL AS AN ALTERNATIVE LIVELIHOOD IN HWC HOTSPOT.
(Code:   ) (Expenses $   including grants of $   ) (Revenue $   )
MB0203Y20: ENSURING HUMAN-ELEPHANT COEXISTENCE & CONS OF ELEPHANT- DFO SAMTSEOBJECTIVE: ENSURE HUMAN-ELEPHANT COEXISTENCE FOR SUSTAINABLE COMMUNITY LIVELIHOOD AND ELEPHANT CONSERVATION.ACCOMPLISHMENTS:(I) CONSTRUCTED ONE WATCH TOWER TO MONITOR MOVEMENT OF ELEPHANT. (II) CONSTRUCTED ONE PARK RANGE OFFICE.(III) PLANTED 6 KM LONG BIOFENCE FOR HWC MANAGEMENT. (IV) FORMED QUICK RESPONSE TEAM (QRT) TO RESPOND TO HWC INCIDENCES.
(Code:   ) (Expenses $   including grants of $   ) (Revenue $   )
MB0216Y23: ADAPTATION TO CLIMATE INDUCED WATER STRESSOBJECTIVE: ESTABLISHMENT OF SAFE AND RELIABLE DRINKING WATER IN 3 DZONGKHAG WHILE ADAPTING TO CLIMATE CHANGEACCOMPLISHMENTS:(I) COMPLETED SURVEY, DESIGN AND CONSULTATION FOR CONSTRUCTION OF DRINKING WATER INFRASTRUCTURE(II) SENSTIZATION WORKSHOP ON REVIVAL OF SPRINGSHED AND WATER SOURCE PROTECTION WATER DEPARTMENT CONDUCTED IN PROJECT SITES. (III) SURVEY AND STUDY ON LAND DEVELOPMENT FOR PROJECT SITES CONDUCTED.(IV) PROJECT STEERING COMMITTEES FORMED, PROJECT MANAGER FOR THE PROJECT RECRUITED.
(Code:   ) (Expenses $   including grants of $   ) (Revenue $   )
MB0207Y20: INTEGRATED APPROACH TO IMPROVE DEGRADED WATERSHED- DAGANA DZONGKHAGOBJECTIVE: TO SUSTAINABLY MANAGE DEGRADED DAGACHU WATERSHEDS TO MINIMIZE DEGRADATION IN CONTEXT OF CLIMATE CHANGE.ACCOMPLISHMENTS: (I) WATERSHED MANAGEMENT PLAN DEVELOPED AND IN OPERATION IN THE CONTEXT OF PROJECT SITE.(II) FORMED WATER USERS ASSOCIATION TO ENABLE WATER CATCHMENT PROTECTION, REVIVAL AND CONSERVATION.(III) REHABILITATED 9 HA OF AGRICULTURAL LANDS IN WATERSHED AREAS LO MINIMIZE SOLID EROSION AND RETAIN LAND NUTRIENTS.(IV) PROCURED AND SUPPLIED HOPE PIPE IRRIGATION CHANNEL ALIGNMENT.(V) LOCAL COMMUNITIES BUILT IT'S CAPACITY ON WATER MANAGEMENT.
(Code:   ) (Expenses $   including grants of $   ) (Revenue $   )
MB0202Y20: PROTECTION & CONS OF DRINKING WATER SOURCES- DFO S/JONGKHAROBJECTIVE: TO ENSURE EFFECTIVE & INTEGRATED WATERSHED MGT LOW SUSTAIN WATER & WATERSHED THROUGH COMMUNITY PARTICIPATION.ACCOMPLISHMENTS: (I) DEVELOPED WATERSHED MANAGEMENT PLAN THROUGH COMMUNITY CONSULTATION.(II) PRINTED 1000 COPIES OF WATERSHED MANAGEMENT PLAN. (III) ACHIEVED 1 ACRE PLANTATION OF VARIETIES OF PLANTS/TREES/FRUITS.(IV) DISTRIBUTED AROUND 950 FODDER SPECIES TO FARMERS IN THE LOCAL COMMUNITY RAISING LIVESTOCK. (V) A TOTAL OF 450 COMMUNITIES RECEIVED RAIN WATER HARVESTING MATERIALS.
(Code:   ) (Expenses $   including grants of $   ) (Revenue $   )
MB0206Y20: BUILDING CAPACITY FOR CLIMATE- SMART AGRICULTURE- CNROBJECTIVE: CONSERVATION OF WILD NWFP RESOURCES THROUGH SUSTAINABLE MGT & DOMESTICATION/CULTIVATION.ACCOMPLISHMENTS: (I) DEVELOPED INSITITUTIONAL CAPACITY OF LOCAL LEADERS, STUDENTS, COMMUNITIES, FACULTY ON CLIMATE SMART AGRICULTURE.(II) FOUR RESEARCH ON CLIMATE SMART AGRICULTURE COMPLETED AND THESIS BY TWO STUDENTS PUBLISHED.(III) A BOOK IN CLIMATE SMART AGRICULTURE PUBIISHED AND PRINTED.(IV) LOCAL COMMUNITIES SENSITIZED ON CLIMATE SMART AGRICULTURE WHICH WILL BE REPLIACATED IN OTHER COMMUNITIES IN DIFFERENT PROJECT PHASE.(V) PROJECT MANAGERS LEARN LESSONS AND EXPERIENCE ON PROJECT MANAGEMENT.
(Code:   ) (Expenses $   including grants of $   ) (Revenue $   )
MB0217Y23: GREEN CLIMATE FUND (GCF)OBJECTIVE: IMPROVE CAPACITY OF NATIONAL IMPLEMENTING ENTITY TO PREPARE FOR CLIMATE PROJECT PROPOSALS AND CONCEPT NOTE DEVELOPMENT.ACCOMPLISHMENTS:(I) CONDUCTED CONSULTATION AMONG RELEVANT STAKEHOLDERS FOR DEVELOPMENT OF FULL BLOWN PROJECT.(II) WRITESHOP CONDUCTED AMONG TECHNICAL WORKING GROUP TO DEVELOP AND FINALIZE FULL BLOWN PROPOSALS.(III) ONE CLIMATE PROJECT PROPOSAL TARGETING LOCAL COMMUNITIES SUBMITTED TO GREEN CLIMATE FUND.(IV) IN THE PROCESS OF DEVELOPMENT OF PROJECT CONCEPT NOTE ON SOLARIZATION OF REMOTE COMMUNITY.
4d Other program services (Describe in Schedule O.)
(Expenses $ 581,253 including grants of $ 142,964 ) (Revenue $   )
4e Total program service expensesMediumBullet1,258,209
Form 990 (2021)
Form 990 (2021)
Page 3
Part IV
Checklist of Required Schedules
Yes
No
1
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If "Yes," complete Schedule A.....................
1
 
No
2
Is the organization required to complete Schedule B, Schedule of Contributors? See instructions. ...
2
 
No
3
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office? If "Yes," complete Schedule C, Part I.............
3
 
No
4
Section 501(c)(3) organizations. Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year? If "Yes," complete Schedule C, Part II.........
4
 
 
5
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Rev. Proc. 98-19? If "Yes," complete Schedule C, Part III..
5
 
No
6
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If "Yes," complete Schedule D, Part IClick to see attachment
List of Attached Documents:
// Content
.........................
6
 
No
7
Did the organization receive or hold a conservation easement, including easements to preserve open space,
the environment, historic land areas, or historic structures? If "Yes," complete Schedule D, Part IIClick to see attachment
List of Attached Documents:
// Content
....
7
 
No
8
Did the organization maintain collections of works of art, historical treasures, or other similar assets? If "Yes,"
complete Schedule D, Part IIIClick to see attachment
List of Attached Documents:
// Content
..............
8
 
No
9
Did the organization report an amount in Part X, line 21 for escrow or custodial account liability; serve as a custodian for amounts not listed in Part X; or provide credit counseling, debt management, credit repair, or debt negotiation services? If "Yes," complete Schedule D, Part IVClick to see attachment
List of Attached Documents:
// Content
..............
9
 
No
10
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi endowments? If "Yes," complete Schedule D, Part V......
10
 
No
11
If the organization’s answer to any of the following questions is "Yes," then complete Schedule D, Parts VI, VII, VIII, IX, or X, as applicable.
a
Did the organization report an amount for land, buildings, and equipment in Part X, line 10? If "Yes," complete
Schedule D, Part VI. Click to see attachment
List of Attached Documents:
// Content
...................
11a
Yes
 
b
Did the organization report an amount for investments—other securities in Part X, line 12 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VIIClick to see attachment
List of Attached Documents:
// Content
.......
11b
 
No
c
Did the organization report an amount for investments—program related in Part X, line 13 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VIIIClick to see attachment
List of Attached Documents:
// Content
.......
11c
 
No
d
Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part IXClick to see attachment
List of Attached Documents:
// Content
............
11d
 
No
e
Did the organization report an amount for other liabilities in Part X, line 25? If "Yes," complete Schedule D, Part XClick to see attachment
List of Attached Documents:
// Content
11e
 
No
f
Did the organization’s separate or consolidated financial statements for the tax year include a footnote that addresses the organization’s liability for uncertain tax positions under FIN 48 (ASC 740)? If "Yes," complete Schedule D, Part XClick to see attachment
List of Attached Documents:
// Content
11f
 
No
12a
Did the organization obtain separate, independent audited financial statements for the tax year? If "Yes," complete
Schedule D, Parts XI and XIIClick to see attachment
List of Attached Documents:
// Content
......................
12a
Yes
 
b
Was the organization included in consolidated, independent audited financial statements for the tax year? If "Yes," and if the organization answered "No" to line 12a, then completing Schedule D, Parts XI and XII is optional Click to see attachment
List of Attached Documents:
// Content
12b
 
No
13
Is the organization a school described in section 170(b)(1)(A)(ii)? If "Yes," complete Schedule E
13
 
No
14a
Did the organization maintain an office, employees, or agents outside of the United States? .....
14a
Yes
 
b
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more? If "Yes," complete Schedule F, Parts I and IV.........Click to see attachment
List of Attached Documents:
// Content
14b
Yes
 
15
Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or other assistance to or for any foreign organization? If “Yes,” complete Schedule F, Parts II and IV.....Click to see attachment
List of Attached Documents:
// Content
15
Yes
 
16
Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or other assistance to or for foreign individuals? If “Yes,” complete Schedule F, Parts III and IV...Click to see attachment
List of Attached Documents:
// Content
16
 
No
17
Did the organization report a total of more than $15,000 of expenses for professional fundraising services on Part IX, column (A), lines 6 and 11e? If "Yes," complete Schedule G, Part I. See instructions. ....
17
 
No
18
Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part VIII, lines 1c and 8a? If "Yes," complete Schedule G, Part II............
18
 
No
19
Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a? If "Yes," complete Schedule G, Part III...................
19
 
No
20a
Did the organization operate one or more hospital facilities? If "Yes," complete Schedule H....
20a
 
No
b
If "Yes" to line 20a, did the organization attach a copy of its audited financial statements to this return?
20b
 
 
21
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government on Part IX, column (A), line 1? If “Yes,” complete Schedule I, Parts I and II.....
21
 
No
Form 990 (2021)
Form 990 (2021)
Page 4
Part IV
Checklist of Required Schedules (continued)
Yes
No
22
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals on Part IX, column (A), line 2? If “Yes,” complete Schedule I, Parts I and III........
22
 
No
23
Did the organization answer "Yes" to Part VII, Section A, line 3, 4, or 5, about compensation of the organization’s current and former officers, directors, trustees, key employees, and highest compensated employees? If "Yes," complete Schedule J.......................
23
 
No
24a
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002? If “Yes,” answer lines 24b through 24d and complete Schedule K. If “No,” go to line 25a...............
24a
 
No
b
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?...
24b
 
 
c
Did the organization maintain an escrow account other than a refunding escrow at any time during the year
to defease any tax-exempt bonds? ...............
24c
 
 
d
Did the organization act as an "on behalf of" issuer for bonds outstanding at any time during the year?...
24d
 
 
25a
Section 501(c)(3), 501(c)(4), and 501(c)(29) organizations. Did the organization engage in an excess benefit transaction with a disqualified person during the year? If "Yes," complete Schedule L, Part I ....
25a
 
No
b
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization’s prior Forms 990 or 990-EZ? If "Yes," complete Schedule L, Part I.......................
25b
 
No
26
Did the organization report any amount on Part X, line 5 or 22 for receivables from or payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons? If "Yes," complete Schedule L, Part II...........
26
 
No
27
Did the organization provide a grant or other assistance to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or employee thereof, a grant selection committee member, or to a 35% controlled entity (including an employee thereof) or family member of any of these persons?
If "Yes," complete
Schedule L, Part III.........................
27
 
No
28
Was the organization a party to a business transaction with one of the following parties (see the Schedule L, Part IV instructions for applicable filing thresholds, conditions, and exceptions):
a
A current or former officer, director, trustee, key employee, creator or founder, or substantial contributor? If "Yes," complete Schedule L, Part IV......................
28a
 
No
b
A family member of any individual described in line 28a? If "Yes," complete Schedule L, Part IV.....
28b
 
No
c
A 35% controlled entity of one or more individuals and/or organizations described in line 28a or 28b? If "Yes," complete Schedule L, Part IV.....................
28c
 
No
29
Did the organization receive more than $25,000 in non-cash contributions? If "Yes," complete Schedule M..
29
 
No
30
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions? If "Yes," complete Schedule M .................
30
 
No
31
Did the organization liquidate, terminate, or dissolve and cease operations? If "Yes," complete Schedule N, Part I
31
 
No
32
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If "Yes," complete Schedule N, Part II........................
32
 
No
33
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3? If "Yes," complete Schedule R, Part I............
33
 
No
34
Was the organization related to any tax-exempt or taxable entity? If "Yes," complete Schedule R, Part II, III, or IV, and Part V, line 1.........................
34
 
No
35a
Did the organization have a controlled entity within the meaning of section 512(b)(13)?
35a
 
No
b
If ‘Yes’ to line 35a, did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512(b)(13)? If "Yes," complete Schedule R, Part V, line 2 ...
35b
 
 
36
Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable related organization? If "Yes," complete Schedule R, Part V, line 2.............
36
 
 
37
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes? If "Yes," complete Schedule R, Part VI
37
 
No
38
Did the organization complete Schedule O and provide explanations on Schedule O for Part VI, lines 11b and 19? Note. All Form 990 filers are required to complete Schedule O. ............
38
Yes
 
Part V
Statements Regarding Other IRS Filings and Tax Compliance
Check if Schedule O contains a response or note to any line in this Part V...........
Yes
No
1a
Enter the number reported in box 3 of Form 1096. Enter -0- if not applicable ..
1a
0
b
Enter the number of Forms W-2G included on line 1a. Enter -0- if not applicable .
1b
0
c
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners? ..................
1c
 
 
Form 990 (2021)
Form 990 (2021)
Page 5
Part V
Statements Regarding Other IRS Filings and Tax Compliance (continued)
2a
Enter the number of employees reported on Form W-3, Transmittal of Wage and
Tax Statements, filed for the calendar year ending with or within the year covered by this return ..................
2a
0
b
If at least one is reported on line 2a, did the organization file all required federal employment tax returns?
Note. If the sum of lines 1a and 2a is greater than 250, you may be required to e-file. See instructions.
2b
 
 
3a
Did the organization have unrelated business gross income of $1,000 or more during the year?...
3a
 
No
b
If “Yes,” has it filed a Form 990-T for this year? If “No” to line 3b, provide an explanation in Schedule O...
3b
 
 
4a
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)? ..
4a
Yes
 
b
If "Yes," enter the name of the foreign country: MediumBulletBT
See instructions for filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR).
5a
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year? ..
5a
 
No
b
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?
5b
 
No
c
If "Yes," to line 5a or 5b, did the organization file Form 8886-T? ............
5c
 
 
6a
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions? ...
6a
 
No
b
If "Yes," did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible? ......................
6b
 
 
7
Organizations that may receive deductible contributions under section 170(c).
a
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor? ....................
7a
 
No
b
If "Yes," did the organization notify the donor of the value of the goods or services provided? .....
7b
 
 
c
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282? .........................
7c
 
No
d
If "Yes," indicate the number of Forms 8282 filed during the year ....
7d
 
e
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?
7e
 
 
f
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ..
7f
 
 
g
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required? ......................
7g
 
 
h
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C? ..........................
7h
 
 
8
Sponsoring organizations maintaining donor advised funds. Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year? ........
8
 
 
9
Sponsoring organizations maintaining donor advised funds.
a
Did the sponsoring organization make any taxable distributions under section 4966?........
9a
 
 
b
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?...
9b
 
 
10
Section 501(c)(7) organizations. Enter:
a
Initiation fees and capital contributions included on Part VIII, line 12 ...
10a
 
b
Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities
10b
 
11
Section 501(c)(12) organizations. Enter:
a
Gross income from members or shareholders .........
11a
 
b
Gross income from other sources. (Do not net amounts due or paid to other sources against amounts due or received from them.) ..........
11b
 
12a
Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041?
12a
 
 
b
If "Yes," enter the amount of tax-exempt interest received or accrued during the year.
12b
 
13
Section 501(c)(29) qualified nonprofit health insurance issuers.
a
Is the organization licensed to issue qualified health plans in more than one state? .........
Note. See the instructions for additional information the organization must report on Schedule O.
13a
 
 
b
Enter the amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans ....
13b
 
c
Enter the amount of reserves on hand ............
13c
 
14a
Did the organization receive any payments for indoor tanning services during the tax year?.....
14a
 
No
b
If "Yes," has it filed a Form 720 to report these payments? If "No," provide an explanation in Schedule O..
14b
 
 
15
Is the organization subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or excess parachute payment(s) during the year? ....................
If "Yes," see the instructions and file Form 4720, Schedule N.
15
 
No
16
Is the organization an educational institution subject to the section 4968 excise tax on net investment income? ..
If "Yes," complete Form 4720, Schedule O.
16
 
No
17
Section 501(c)(21) organizations. Did the trust, any disqualified person, or mine operator engage in any activities that would result in the imposition of an excise tax under section 4951, 4952, or 4953? ..
If "Yes," complete Form 6069.
17
 
 
Form 990 (2021)
Form 990 (2021)
Page 6
Part VI
Governance, Management, and Disclosure. For each "Yes" response to lines 2 through 7b below, and for a "No" response to lines 8a, 8b, or 10b below, describe the circumstances, processes, or changes in Schedule O. See instructions.
Check if Schedule O contains a response or note to any line in this Part VI..............
Section A. Governing Body and Management
Yes
No
1a
Enter the number of voting members of the governing body at the end of the tax year
1a
7
If there are material differences in voting rights among members of the governing body, or if the governing body delegated broad authority to an executive committee or similar committee, explain in Schedule O.
b
Enter the number of voting members included in line 1a, above, who are independent
1b
7
2
Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any other officer, director, trustee, or key employee? .................
2
 
No
3
Did the organization delegate control over management duties customarily performed by or under the direct supervision of officers, directors or trustees, or key employees to a management company or other person? .
3
 
No
4
Did the organization make any significant changes to its governing documents since the prior Form 990 was filed? .
4
 
No
5
Did the organization become aware during the year of a significant diversion of the organization’s assets? .
5
 
No
6
Did the organization have members or stockholders? ................
6
 
No
7a
Did the organization have members, stockholders, or other persons who had the power to elect or appoint one or more members of the governing body? ....................
7a
 
No
b
Are any governance decisions of the organization reserved to (or subject to approval by) members, stockholders, or persons other than the governing body? ...................
7b
 
No
8
Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following:
a
The governing body? .......................
8a
Yes
 
b
Each committee with authority to act on behalf of the governing body? ............
8b
Yes
 
9
Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached at the organization’s mailing address? If "Yes," provide the names and addresses in Schedule O.......
9
 
No
Section B. Policies (This Section B requests information about policies not required by the Internal Revenue Code.)
Yes
No
10a
Did the organization have local chapters, branches, or affiliates? ............
10a
 
No
b
If "Yes," did the organization have written policies and procedures governing the activities of such chapters, affiliates, and branches to ensure their operations are consistent with the organization's exempt purposes?
10b
 
 
11a
Has the organization provided a complete copy of this Form 990 to all members of its governing body before filing the form? ............................
11a
Yes
 
b
Describe on Schedule O the process, if any, used by the organization to review this Form 990. .....
12a
Did the organization have a written conflict of interest policy? If "No," go to line 13.......
12a
Yes
 
b
Were officers, directors, or trustees, and key employees required to disclose annually interests that could give rise to conflicts? ..........................
12b
 
No
c
Did the organization regularly and consistently monitor and enforce compliance with the policy? If "Yes," describe on Schedule O how this was done...................
12c
Yes
 
13
Did the organization have a written whistleblower policy? ...............
13
Yes
 
14
Did the organization have a written document retention and destruction policy? .........
14
 
No
15
Did the process for determining compensation of the following persons include a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision?
a
The organization’s CEO, Executive Director, or top management official ...........
15a
Yes
 
b
Other officers or key employees of the organization ................
15b
Yes
 
If "Yes" to line 15a or 15b, describe the process on Schedule O. See instructions.
16a
Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement with a taxable entity during the year? ......................
16a
 
No
b
If "Yes," did the organization follow a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law, and take steps to safeguard the organization’s exempt status with respect to such arrangements? ............
16b
 
 
Section C. Disclosure
17
List the states with which a copy of this Form 990 is required to be filedMediumBullet
18
Section 6104 requires an organization to make its Form 1023 (1024 or 1024-A, if applicable), 990, and 990-T (section 501(c)(3)s only) available for public inspection. Indicate how you made these available. Check all that apply.
19
Describe in Schedule O whether (and if so, how) the organization made its governing documents, conflict of interest policy, and financial statements available to the public during the tax year.
20
State the name, address, and telephone number of the person who possesses the organization's books and records:
MediumBulletSINGYE DORJI (CHIEF FINANCE OFFICER)BTFEC POST BOX 520   THIMPHU,   11001BT
Form 990 (2021)
Form 990 (2021)
Page 7
Part VII
Compensation of Officers, Directors,Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Check if Schedule O contains a response or note to any line in this Part VII..............
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
1a Complete this table for all persons required to be listed. Report compensation for the calendar year ending with or within the organization’s tax year.
RoundBullet List all of the organization’s current officers, directors, trustees (whether individuals or organizations), regardless of amount
of compensation. Enter -0- in columns (D), (E), and (F) if no compensation was paid.

RoundBullet List all of the organization’s current key employees, if any. See the instructions for definition of "key employee."
RoundBullet List the organization’s five current highest compensated employees (other than an officer, director, trustee or key employee)
who received reportable compensation (box 5 of Form W-2, Form 1099-MISC, and/or box 1 of Form 1099-NEC) of more than $100,000 from the
organization and any related organizations.

RoundBullet List all of the organization’s former officers, key employees, or highest compensated employees who received more than $100,000
of reportable compensation from the organization and any related organizations.

RoundBullet List all of the organization’s former directors or trustees that received, in the capacity as a former director or trustee of the
organization, more than $10,000 of reportable compensation from the organization and any related organizations.

See the instructions for the order in which to list the persons above.
Check this box if neither the organization nor any related organization compensated any current officer, director, or trustee.
(A)
Name and title 		(B)
Average hours per week (list any hours for related organizations below dotted line) 		(C)
Position (do not check more than one box, unless person is both an officer and a director/trustee) 		(D)
Reportable compensation from the organization (W-2/1099-MISC/1099-NEC) 		(E)
Reportable compensation from related organizations (W-2/1099-MISC/1099-NEC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; OfficerInd; Key Employee; Highest compensated employee; FormerOfcrDirectorTrusteeInd;
(1) KESANG WANGDI......................................................................
CHAIRMAN OF THE BOARD
 0.00
.................
  		X           0 0 0
(2) CHENCO......................................................................
BOARD MEMBER
 0.00
.................
  		X           0 0 0
(3) DECHEN DORJI......................................................................
BOARD OF TRUSTEE
 0.00
.................
  		X           0 0 0
(4) SINGYE DORJI......................................................................
CHIEF FINANCIAL OFFICER
 40.00
.................
  		X   X       14,025 0 0
(5) SONAM WANGMO......................................................................
ADMINSTRATIVE OFFICER
 40.00
.................
  		X   X       11,793 0 0
(6) LEKI WANGMO......................................................................
BOARD OF TRUSTEE
 0.00
.................
  		X           0 0 0
(7) UJJWAL DEEP DAHAL......................................................................
BOARD OF TRUSTEE
 0.00
.................
  		X           0 0 0
(8) TASHI PEM......................................................................
BOARD OF TRUSTEE
 0.00
.................
  		X           0 0 0
(9) KARMA TSHERING......................................................................
MANAGING DIRECTOR
 40.00
.................
  		X   X       11,297 0 0
(10) KINLEY TSHERING......................................................................
CHIEF PROGRAM OFFICE
 40.00
.................
  		X   X       2,236 0 0














Form 990 (2021)
Form 990 (2021)
Page 8
Part VII
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (continued)
(A)
Name and title 		(B)
Average hours per week (list any hours for related organizations below dotted line) 		(C)
Position (do not check more than one box, unless person is both an officer and a director/trustee) 		(D)
Reportable compensation from the organization (W-2/1099-MISC/1099-NEC) 		(E)
Reportable compensation from related organizations (W-2/1099-MISC/1099-NEC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; OfficerInd; Key Employee; Highest compensated employee; FormerOfcrDirectorTrusteeInd;


























1b Sub-Total................MediumBullet
c Total from continuation sheets to Part VII, Section A....MediumBullet
d Total (add lines 1b and 1c)...........MediumBullet 39,351 0 0
2
Total number of individuals (including but not limited to those listed above) who received more than $100,000 of reportable compensation from the organization MediumBullet0
Yes
No
3
Did the organization list any former officer, director or trustee, key employee, or highest compensated employee on line 1a? If "Yes," complete Schedule J for such individual ..............
3
 
No
4
For any individual listed on line 1a, is the sum of reportable compensation and other compensation from the organization and related organizations greater than $150,000? If "Yes," complete Schedule J for such
individual...........................
4
 
No
5
Did any person listed on line 1a receive or accrue compensation from any unrelated organization or individual for services rendered to the organization? If "Yes," complete Schedule J for such person ........
5
 
No
Section B. Independent Contractors
1
Complete this table for your five highest compensated independent contractors that received more than $100,000 of compensation from the organization. Report compensation for the calendar year ending with or within the organization’s tax year.
(A)
Name and business address 		(B)
Description of services 		(C)
Compensation
2
Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization MediumBullet0
Form 990 (2021)
Form 990 (2021)
Page 9
Part VIII
Statement of Revenue
Check if Schedule O contains a response or note to any line in this Part VIII.............
(A)
Total revenue 		(B)
Related or
exempt
function
revenue 		(C)
Unrelated
business
revenue 		(D)
Revenue
excluded from
tax under sections
512 - 514
Contributions, Gifts, Grants, and OtherAmt Similar Amounts 1a Federated campaigns..1a  
b Membership dues..1b  
c Fundraising events..1c  
d Related organizations1d  
e Government grants (contributions)1e  
f All other contributions, gifts, grants, and similar amounts not included above1f  
g Noncash contributions included in lines 1a - 1f:$ 1g  
h Total. Add lines 1a-1f.......MediumBullet  
Program Service RevenueAmt Business Code
2a
b
c
d
e
f All other program service revenue.        
g Total. Add lines 2a–2f .....MediumBullet  
OtherAmtRevenueAmt 3 Investment income (including dividends, interest, and othersimilar amounts) ......MediumBullet 440,460     440,460
4 Income from investment of tax-exempt bond proceedsMediumBullet 939,036     939,036
5 Royalties...........MediumBullet        
(ii) Personal (i) Real
6a Gross rents     6a
b Less: rental expenses     6b
c Rental income or (loss)     6c
d Net rental income or (loss).......MediumBullet        
(ii) Other (i) Securities
7a Gross amount from sales of assets other than inventory     7a
b Less: cost or other basis and sales expenses 838,836   7b
c Gain or (loss) -838,836   7c
d Net gain or (loss).........MediumBullet -838,836     -838,836
8a Gross income from fundraising events (not including $   of contributions reported on line 1c). See Part IV, line 18 ....
8a  
b Less: direct expenses ... 8b  
c Net income or (loss) from fundraising events..MediumBullet      
9a Gross income from gaming activities.
See Part IV, line 19 ...
9a  
b Less: direct expenses ... 9b  
c Net income or (loss) from gaming activities..MediumBullet        
10a Gross sales of inventory, less
returns and allowances ..
10a  
b Less: cost of goods sold .. 10b  
c Net income or (loss) from sales of inventory..MediumBullet        
Business Code Miscellaneous Revenue
11a GRANT FROM ADAPTATION FUND   20,312     20,312
b GRANT FROM GCF   2,269     2,269
c MISC. INCOME   -304,187     -304,187
d All other revenue ....        
e Total. Add lines 11a–11d ...... MediumBullet -281,606
12 Total revenue. See instructions.....MediumBullet 259,054 0 0 259,054
Form 990 (2021)
Form 990 (2021)
Page 10
Part IX
Statement of Functional Expenses
Section 501(c)(3) and 501(c)(4) organizations must complete all columns. All other organizations must complete column (A).Check if Schedule O contains a response or note to any line in this Part IX..............
Do not include amounts reported on lines 6b,
7b, 8b, 9b, and 10b of Part VIII. 		(A)
Total expenses 		(B)
Program service expenses 		(C)
Management and general expenses 		(D)
Fundraising
expenses
1 Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 ....    
2 Grants and other assistance to domestic individuals. See Part IV, line 22 ...........    
3 Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16. ............. 960,809 960,809
4 Benefits paid to or for members .......    
5 Compensation of current officers, directors, trustees, and key employees ........... 116,959 116,959    
6 Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) .........        
7 Other salaries and wages........ 1,375 1,375    
8 Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) .... 29,272 29,272    
9 Other employee benefits ....... 12,633 12,633    
10 Payroll taxes ...........        
11 Fees for services (non-employees):        
a Management ......        
b Legal .........        
c Accounting ...........        
d Lobbying ........... 16,048 16,048    
e Professional fundraising services. See Part IV, line 17    
f Investment management fees ...... 274,559   274,559  
g Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O)        
12 Advertising and promotion .... 16,533 16,533    
13 Office expenses ....... 36,506 36,506    
14 Information technology ......        
15 Royalties ..        
16 Occupancy ...........        
17 Travel ............ 17,306 17,306    
18 Payments of travel or entertainment expenses for any federal, state, or local public officials .        
19 Conferences, conventions, and meetings .... 15,186 15,186    
20 Interest ...........        
21 Payments to affiliates .......        
22 Depreciation, depletion, and amortization .. 27,954 27,954    
23 Insurance ...        
24 Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a HOSPITALITY & ENTERTAIN 6,068 6,068    
b NON-RECURRENT EXPENSES 1,242 1,242    
c EXPENSES FOR ENHANCING 264 264    
d GRANT OF ROYAL CHARTER 55 55    
e All other expenses -1 -1    
25 Total functional expenses. Add lines 1 through 24e 1,532,768 1,258,209 274,559 0
26 Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here MediumBullet if following SOP 98-2 (ASC 958-720).        
Form 990 (2021)
Form 990 (2021)
Page 11
Part X
Balance Sheet
Check if Schedule O contains a response or note to any line in this Part IX..............
(A)
Beginning of year 		(B)
End of year
Assets 1 Cash–non-interest-bearing ........ 231,663 1 3,638,578
2 Savings and temporary cash investments .........   2  
3 Pledges and grants receivable, net ......   3  
4 Accounts receivable, net ............. 772,361 4 420,108
5 Loans and other receivables from any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .......
  5  
6 Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), and persons described in section 4958(c)(3)(B) ...
  6  
7 Notes and loans receivable, net ...........   7  
8 Inventories for sale or use ............   8  
9 Prepaid expenses and deferred charges ......   9  
10a Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D 10a 1,411,561
b Less: accumulated depreciation 10b 232,064 540,620 10c 1,179,497
11 Investments—publicly traded securities . 67,880,596 11 63,566,357
12 Investments—other securities. See Part IV, line 11 .....   12  
13 Investments—program-related. See Part IV, line 11 ..   13  
14 Intangible assets ...............   14  
15 Other assets. See Part IV, line 11 ...........   15  
16 Total assets. Add lines 1 through 15 (must equal line 33)... 69,425,240 16 68,804,540
Liabilities 17 Accounts payable and accrued expenses ..... 392,912 17 4,179,921
18 Grants payable ...   18  
19 Deferred revenue .........   19  
20 Tax-exempt bond liabilities .........   20  
21 Escrow or custodial account liability. Complete Part IV of Schedule D   21  
22 Loans and other payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .........
  22  
23 Secured mortgages and notes payable to unrelated third parties ..   23  
24 Unsecured notes and loans payable to unrelated third parties ..   24  
25 Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17 - 24). Complete Part X of Schedule D 2,961,393 25 0
26 Total liabilities. Add lines 17 through 25.. 3,354,305 26 4,179,921
Net Assets or Fund Balance Organizations that follow FASB ASC 958, check here MediumBullet and complete lines 27, 28, 32, and 33.
27 Net assets without donor restrictions ..........   27  
28 Net assets with donor restrictions ...........   28  
Organizations that do not follow FASB ASC 958, check here MediumBullet and complete lines 29 through 33.
29 Capital stock or trust principal, or current funds ..... 21,515,044 29 21,578,082
30 Paid-in or capital surplus, or land, building or equipment fund ... 0 30 0
31 Retained earnings, endowment, accumulated income, or other funds 44,555,891 31 43,046,537
32 Total net assets or fund balances ........... 66,070,935 32 64,624,619
33 Total liabilities and net assets/fund balances ........ 69,425,240 33 68,804,540
Form 990 (2021)
Form 990 (2021)
Page 12
Part XI
Reconcilliation of Net Assets
Check if Schedule O contains a response or note to any line in this Part XI..............
1
Total revenue (must equal Part VIII, column (A), line 12) ............
1
259,054
2
Total expenses (must equal Part IX, column (A), line 25) ............
2
1,532,768
3
Revenue less expenses. Subtract line 2 from line 1 ..............
3
-1,273,714
4
Net assets or fund balances at beginning of year (must equal Part X, line 32, column (A)) ..
4
66,070,935
5
Net unrealized gains (losses) on investments ...............
5
-310,457
6
Donated services and use of facilities .................
6
 
7
Investment expenses .....................
7
 
8
Prior period adjustments .....................
8
137,855
9
Other changes in net assets or fund balances (explain in Schedule O) ........
9
0
10
Net assets or fund balances at end of year. Combine lines 3 through 9 (must equal Part X, line 32, column (B))
10
64,624,619
Part XII
Financial Statements and Reporting
Check if Schedule O contains a response or note to any line in this Part XII.............
Yes
No
1
Accounting method used to prepare the Form 990:  
If the organization changed its method of accounting from a prior year or checked "Other," explain on
Schedule O.
2a
Were the organization’s financial statements compiled or reviewed by an independent accountant?
2a
Yes
 
If ‘Yes,’ check a box below to indicate whether the financial statements for the year were compiled or reviewed on a separate basis, consolidated basis, or both:
b
Were the organization’s financial statements audited by an independent accountant?
2b
Yes
 
If ‘Yes,’ check a box below to indicate whether the financial statements for the year were audited on a separate basis, consolidated basis, or both:
c
If "Yes," to line 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit, review, or compilation of its financial statements and selection of an independent accountant?
2c
Yes
 
If the organization changed either its oversight process or selection process during the tax year, explain in Schedule O.
3a
As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the Single Audit Act and OMB Circular A-133?
3a
 
No
b
If "Yes," did the organization undergo the required audit or audits? If the organization did not undergo the required audit or audits, explain why in Schedule O and describe any steps taken to undergo such audits.
3b
 
 
Form 990 (2021)
Form 990 (2021)
Additional Data


Software ID:  
Software Version:  
Form 990, Special Condition Description:
Special Condition Description
SCHEDULE D
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Financial Statements
SchDMd Bullet Complete if the organization answered "Yes," on Form 990,
Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b.
SchDMd Bullet Attach to Form 990.
SchDMd Bullet Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2021
Open to Public Inspection
Name of the organization
BHUTAN TRUST FUND FOR ENVIRONMENTAL
CONSERVATION
Employer identification number

31-1484039
Part I
Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" on Form 990, Part IV, line 6.
(a) Donor advised funds (b) Funds and other accounts
1 Total number at end of year .........    
2 Aggregate value of contributions to (during year)    
3 Aggregate value of grants from (during year)    
4 Aggregate value at end of year ........    
5
Did the organization inform all donors and donor advisors in writing that the assets held in donor advised funds are the organization’s property, subject to the organization’s exclusive legal control? ............
6
Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit? ...................................
Part II
Conservation Easements.
Complete if the organization answered "Yes" on Form 990, Part IV, line 7.
1
Purpose(s) of conservation easements held by the organization (check all that apply).
2
Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.
Held at the End of the Year
a Total number of conservation easements ...................... 2a  
b Total acreage restricted by conservation easements .................... 2b  
c Number of conservation easements on a certified historic structure included in (a) ..... 2c  
d Number of conservation easements included in (c) acquired after 7/25/06, and not on a historic structure listed in the National Register ... 2d  
3
Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during the
tax year SchDMd Bullet  
4
Number of states where property subject to conservation easement is located SchDMd Bullet  
5
Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and enforcement of the conservation easements it holds? ............
6
Staff and volunteer hours devoted to monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
SchDMd Bullet  
7
Amount of expenses incurred in monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
SchDMd Bullet $  
8
Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)(4)(B)(ii)? .............................
9
In Part XIII, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" on Form 990, Part IV, line 8.
1a
If the organization elected, as permitted under FASB ASC 958, not to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide, in Part XIII, the text of the footnote to its financial statements that describes these items.
b
If the organization elected, as permitted under FASB ASC 958, to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide the following amounts relating to these items:
(i)
Revenue included on Form 990, Part VIII, line 1 .........................SchDMd Bullet $  
(ii)
Assets included in Form 990, Part X ...............................SchDMd Bullet $  
2
If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under FASB ASC 958 relating to these items:
a
Revenue included on Form 990, Part VIII, line 1 ..........................SchDMd Bullet $  
b
Assets included in Form 990, Part X ...............................SchDMd Bullet $  
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 52283D
Schedule D (Form 990) 2021

Schedule D (Form 990) 2021
Page 2
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)
3
Using the organization’s acquisition, accession, and other records, check any of the following that are a significant use of its collection items (check all that apply):
a
d
b
e
 
c
4
Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIII.
5
During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?...
Part IV
Escrow and Custodial Arrangements. Complete if the organization answered "Yes" on Form 990, Part IV, line 9, or reported an amount on Form 990, Part X, line 21.
1a
Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................
b If "Yes," explain the arrangement in Part XIII and complete the following table: Amount
c Beginning balance ............................. 1c  
d Additions during the year ............................ 1d  
e Distributions during the year .......................... 1e  
f Ending balance ................................ 1f  
2a
Did the organization include an amount on Form 990, Part X, line 21, for escrow or custodial account liability? ...
b
If "Yes," explain the arrangement in Part XIII. Check here if the explanation has been provided in Part XIII ....
Part V
Endowment Funds.
Complete if the organization answered "Yes" on Form 990, Part IV, line 10.
(a) Current year (b) Prior year (c) Two years back (d) Three years back (e) Four years back
1a Beginning of year balance ....          
b Contributions ...          
c Net investment earnings, gains, and losses          
d Grants or scholarships ...          
e Other expenditures for facilities
and programs ... 		         
f Administrative expenses ....          
g End of year balance ......          
2
Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:
a
Board designated or quasi-endowment SchDMd Bullet  
b
Permanent endowment SchDMd Bullet  
c
Term endowment SchDMd Bullet  
The percentages on lines 2a, 2b, and 2c should equal 100%.
3a
Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes
No
(i) Unrelated organizations .................
3a(i)
 
 
(ii) Related organizations .................
3a(ii)
 
 
b
If "Yes" on 3a(ii), are the related organizations listed as required on Schedule R? .........
3b
 
 
4
Describe in Part XIII the intended uses of the organization's endowment funds.
Part VI
Land, Buildings, and Equipment.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11a. See Form 990, Part X, line 10.
Description of property (a) Cost or other basis
(investment) 		(b) Cost or other basis (other) (c) Accumulated depreciation (d) Book value
1a Land ..... 1   1
b Buildings .... 1,089,068     1,089,068
c Leasehold improvements       0
d Equipment .... 95,233   64,859 30,374
e Other ..... 227,259   167,205 60,054
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..SchDMdBullet 1,179,497
Schedule D (Form 990) 2021

Schedule D (Form 990) 2021
Page 3
Part VII
Investments - Other Securities.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11b. See Form 990, Part X, line 12.
(a) Description of security or category
(including name of security)		 (b) Book value (c) Method of valuation:
Cost or end-of-year market value
(1) Financial derivatives.........    
(2) Closely-held equity interests........    
(3)Other
(A)
(B)
(C)
(D)
(E)
(F)
(G)
(H)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)Small Bullet  
Part VIII
Investments - Program Related. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11c. See Form 990, Part X, line 13.
(a) Description of investment (b) Book value (c) Method of valuation:
Cost or end-of-year market value
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)Small Bullet  
Part IX
Other Assets.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11d. See Form 990, Part X, line 15.
(a) Description (b) Book value
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........Small Bullet  
Part X
Other Liabilities.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11e or 11f. See Form 990, Part X, line 25.
1.(a) Description of liability (b) Book value
(1) Federal income taxes  
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)Small Bullet  
2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII
Schedule D (Form 990) 2021

Schedule D (Form 990) 2021
Page 4
Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1 Total revenue, gains, and other support per audited financial statements ....... 1 259,054
2 Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a Net unrealized gains (losses) on investments .... 2a  
b Donated services and use of facilities ......... 2b  
c Recoveries of prior year grants ........... 2c  
d Other (Describe in Part XIII.) ............ 2d  
e Add lines 2a through 2d ..................... 2e 0
3 Subtract line 2e from line 1.................. 3 259,054
4 Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b . 4a  
b Other (Describe in Part XIII.) ........... 4b  
c Add lines 4a and 4b.................... 4c 0
5 Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ...... 5 259,054
Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1 Total expenses and losses per audited financial statements ........... 1 1,532,768
2 Amounts included on line 1 but not on Form 990, Part IX, line 25:
a Donated services and use of facilities ......... 2a  
b Prior year adjustments ............ 2b  
c Other losses ................ 2c  
d Other (Describe in Part XIII.) ............ 2d  
e Add lines 2a through 2d.................... 2e 0
3 Subtract line 2e from line 1................... 3 1,532,768
4 Amounts included on Form 990, Part IX, line 25, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b .. 4a  
b Other (Describe in Part XIII.) ............ 4b  
c Add lines 4a and 4b..................... 4c 0
5 Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ...... 5 1,532,768
Part XIII
Supplemental Information
Provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b; Part V, line 4; Part X, line 2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information.
Return Reference Explanation
Schedule D (Form 990) 2021


Additional Data


Software ID:  
Software Version:  




SCHEDULE F(Form 990)
Department of the Treasury
Internal Revenue Service
Statement of Activities Outside the United States
Right pointing arrow large image Complete if the organization answered "Yes" to Form 990, Part IV, line 14b, 15, or 16.Right pointing arrow large image Attach to Form 990.Right pointing arrow large image Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2022
Open to Public Inspection
Name of the organization
BHUTAN TRUST FUND FOR ENVIRONMENTAL
CONSERVATION
Employer identification number

31-1484039
Part I
General Information on Activities Outside the United States. Complete if the organization answered "Yes" on Form 990, Part IV, line 14b.
1
For grantmakers. Does the organization maintain records to substantiate the amount of its grants and
other assistance, the grantees’ eligibility for the grants or assistance, and the selection criteria used
to award the grants or assistance? . . . . . . . . . . . . . . . . . . . . . . . . .
2
For grantmakers. Describe in Part V the organization’s procedures for monitoring the use of its grants and other assistance outside the United States.
3
Activites per Region. (The following Part I, line 3 table can be duplicated if additional space is needed.)
(a) Region (b) Number of offices in the region (c) Number of employees, agents, and independent contractors in the region (d) Activities conducted in region (by type) (such as, fundraising, program services, investments, grants to recipients located in the region) (e) If activity listed in (d) is a program service, describe specific type of
service(s) in the region		 (f) Total expenditures
for and investments
in the region
SOUTH ASIA 1 21 GRANT MARKETING ENVIRONMENT CONSERVATION 960,809
           
           
           
           
           
           
           
           
           
           
           
           
           
           
           
           
3a Sub-total .... 1 21 960,809
b Total from continuation sheets to Part I ... 0 0 0
c Totals (add lines 3a and 3b) 1 21 960,809
For Paperwork Reduction Act Notice, see the Instructions for Form 990.Cat. No. 50082W Schedule F (Form 990) 2022
Schedule F (Form 990) 2022
Page 2
Part II
Grants and Other Assistance to Organizations or Entities Outside the United States. Complete if the organization answered "Yes" on Form 990, Part IV, line 15, for any recipient who received more than $5,000. Part II can be duplicated if additional space is needed.
1 (a) Name of organization (b) IRS code section
and EIN (if applicable)		 (c) Region (d) Purpose of
grant 		(e) Amount of
cash grant 		(f) Manner of
cash
disbursement 		(g) Amount
of noncash
assistance 		(h) Description
of noncash
assistance 		(i) Method of
valuation
(book, FMV,
appraisal, other)
SOUTH ASIA CONS. OF PROTECTED AREAS 369,650 CHEQUE/PUBLIC ACCOUNT 97,304 INDIRECT EXPENSES BOOK
SOUTH ASIA 250KW ROOFTOP SOLAR AT CFM 200,996 CHEQUE/PUBLIC ACCOUNT 52,908 INDIRECT EXPENSES BOOK
SOUTH ASIA STREG. DOG POPULATION MGMT 106,310 CHEQUE/PUBLIC ACCOUNT 27,984 INDIRECT EXPENSES BOOK
SOUTH ASIA REVIVAL & CONS OF ENV FOR WELLNESS GARDEN 97,589 CHEQUE/PUBLIC ACCOUNT 25,688 INDIRECT EXPENSES BOOK
SOUTH ASIA CHANGJIJI ZERO WASTE. MODEL LIVELIHOOD 36,399 CHEQUE/PUBLIC ACCOUNT 9,581 INDIRECT EXPENSES BOOK
SOUTH ASIA ENSURING HUMAN ELEPHANT COEXISTENCE 24,161 CHEQUE/PUBLIC ACCOUNT 6,360 INDIRECT EXPENSES BOOK
SOUTH ASIA ADA TO CLIMATE INDUCE WATER STRESS 20,312 CHEQUE/PUBLIC ACCOUNT 5,347 INDIRECT EXPENSES BOOK
SOUTH ASIA INTEG. APPROACH TO IMPROV. DEGRADED WATERSHED 15,680 CHEQUE/PUBLIC ACCOUNT 4,127 INDIRECT EXPENSES BOOK
SOUTH ASIA PROT. & CONS. OF DRINKING WATER SOURCE 6,205 CHEQUE/PUBLIC ACCOUNT 1,633 INDIRECT EXPENSES BOOK
SOUTH ASIA BUILDING CAPACITY FOR CLIMATE 5,251 CHEQUE/PUBLIC ACCOUNT 1,382 INDIRECT EXPENSES BOOK
SOUTH ASIA INNOVATIVE AF 49,270 CHEQUE/PUBLIC ACCOUNT 12,969 INDIRECT EXPENSES BOOK
SOUTH ASIA DEV OF AGROFORESTRY AS AN ALTERNATIVE LIVELIHOOD 26,714 CHEQUE/PUBLIC ACCOUNT 7,032 INDIRECT EXPENSES BOOK
             
             
             
             
2 Enter total number of recipient organizations listed above that are recognized as charities by the foreign country, recognized as tax-exempt by the IRS, or for which the grantee or counsel has provided a section 501(c)(3) equivalency letter .......MediumBullet
 
3 Enter total number of other organizations or entities .......................MediumBullet
 
Schedule F (Form 990) 2022
Schedule F (Form 990) 2022Page 3
Part III
Grants and Other Assistance to Individuals Outside the United States. Complete if the organization answered "Yes" on Form 990, Part IV, line 16.
Part III can be duplicated if additional space is needed.
(a) Type of grant or assistance (b) Region (c) Number of recipients (d) Amount of
cash grant 		(e) Manner of cash
disbursement 		(f) Amount of
noncash
assistance 		(g) Description
of noncash
assistance 		(h) Method of
valuation
(book, FMV,
appraisal, other)
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
Schedule F (Form 990) 2022
Schedule F (Form 990) 2022
Page 4
Part IV
Foreign Forms
1 Was the organization a U.S. transferor of property to a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 926, Return by a U.S. Transferor of Property to a Foreign Corporation (see Instructions for Form 926). . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2 Did the organization have an interest in a foreign trust during the tax year? If "Yes," the organization may be required to separately file Form 3520, Annual Return to Report Transactions with Foreign Trusts and Receipt of Certain Foreign Gifts, and/or Form 3520-A, Annual Information Return of Foreign Trust With a U.S. Owner (see Instructions for Forms 3520 and 3520-A; don't file with Form 990). . . . . . . . . . . . . . . . . . . . . . . .
3 Did the organization have an ownership interest in a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 5471, Information Return of U.S. Persons with Respect to Certain Foreign Corporations. (see Instructions for Form 5471). . . . . . . . . . . . . . . . . . . . . . . . . . . .
4 Was the organization a direct or indirect shareholder of a passive foreign investment company or a qualified electing fund during the tax year? If “Yes,” the organization may be required to file Form 8621, Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund. (see Instructions for Form 8621) .
5 Did the organization have an ownership interest in a foreign partnership during the tax year? If "Yes," the organization may be required to file Form 8865, Return of U.S. Persons with Respect to Certain Foreign Partnerships (see Instructions for Form 8865). . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6 Did the organization have any operations in or related to any boycotting countries during the tax year? If "Yes," the organization may be required to separately file Form 5713, International Boycott Report (see Instructions for Form 5713; don't file with Form 990).. . . . . . . . . . . . . . . . . . . . . . . . . . . .
Schedule F (Form 990) 2022
Schedule F (Form 990) 2022
Page 5
Part V
Supplemental Information
Provide the information required by Part I, line 2 (monitoring of funds); Part I, line 3, column (f) (accounting method; amounts of investments vs. expenditures per region); Part II, line 1 (accounting method); Part III (accounting method); and Part III, column (c) (estimated number of recipients), as applicable. Also complete this part to provide any additional information. See instructions.
ReturnReference Explanation
PART III ACCOUNTING METHOD:  
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
Schedule F (Form 990) 2022
Additional Data


Software ID:  
Software Version:  



SCHEDULE O
(Form 990)

Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet Attach to Form 990 or 990-EZ.
MediumBullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2021
Open to Public
Inspection
Name of the organization
BHUTAN TRUST FUND FOR ENVIRONMENTAL
CONSERVATION
Employer identification number

31-1484039
Return Reference Explanation
SCHEDULE FOR FORM 990, PART IV, LINE 14 ARTICLES 2(2) OF THE ROYAL CHARTER 2021 IS REPRODUCED BTF SHALL PROMOTE SOCIAL WELFARE IN BHUTAN THROUGH ENV. CONSERVATION, AMONGST OTHERS, BY SUPPORTING ACTIVITIES FOR: (A) PRESERVING BIOLOGICAL DIVERSIT; (B) MITIGATING AND ADAPTING TO CLIMATE CHANGE. (C) ENABLING HUMAN-WILDLIFE CO-EXISTENCE; AND (D) ADDRESSING ADVERSE IMPACTS OF DEVELOPING ON THE ENVIORNMENT.
FORM 990, PART VI, SECTION B, LINE 11B AFTER COMPLETION OF FILLING UP FORM 990 ALONG WITH RELEVANT SCHEDULES, THE WHOLE SET OF DOCUMENTS IS CIRCULATED TO ALL THE MEMBERS OF THE BOARD OF TRUSTEE FOR THEIR REVIEW AND COMMENTS.
FORM 990, PART VI, SECTION B, LINE 12C THE DECLARATION OF CONFLICT OF INTEREST (COI) POLICY IS IN PLACE WHERE ALL THE MEMBERS OF THE BOARD OF TRUSTEES AND SUB-COMMITTEES ARE REQUIRED TO DECLARE THEIR COI IN EVERY MEETING BY FILLING UP THE CONFLICT DECLARATION FORM.
FORM 990, PART VI, SECTION B, LINE 15 REQUEST FOR PROPOSALS ARE ANNOUNCED ONCE EVERY YEAR THROUGH MASS MEDIA, TELEVISION AND RADIOS. PROPOSALS ARE RECEIVED ARE SUBMITTED TO THE EIGHT-MEMBER TECHNICAL ADVISORY PANEL( TAP) REPRESENTING CROSS-SECTORAL EXPERTISE FOR FURTHER REVIEW AND SCREENING.TAP RECOMMENDED PROPOSALS WITH AGGREGATE POINTS 70 AND ABOVE ARE SUBMITTED TO THE MANAGEMENT BOARD (THE GOVERNING BODY) FOR APPROVAL. THE BOARD DELIBERATES ON THE TAP RECOMMENDED PROPOSALS AND APPROVES THROUGH CONSENSUS. IF NO CONSENSUS IS REACHED THE PROPOSALS ARE RETURNED TO PROPONENTS. LOW SCORING PROPOSALS ARE ALSO SUBMITTED TO THE BOARD WITH PROPER JUSTIFICATIONS.
FORM 990, PART VI, SECTION C, LINE 19 AUDITED ANNUAL FINANCIAL STATEMENTS ARE MADE PUBLICLY AVAILABLE BY UPLOADING ON OUR WEBSITE. REGARDING THE DECLARATION OF CONFLICT OF INTEREST, THE POLICY AND THE COI DECLARATION FORM ARE IN PLACE WHERE ALL THE MEMBERS OF THE MANAGEMENT BOARD AND SUB-COMMITTEES ARE REQUIRED TO DECLARE THEIR COI IN EVERY MEETING. THE COI POLICY IS READILY AVAILABLE FOR PUBLIC REFERENCE ON DEMAND, BUT IT IS NOT AVAILABLE ON OUR WEBSITE FOR NOW.
SCHEDULE FOR FORM 990, PART VI, SECTION A, LINE 1: BOARD OF TRUSTEES: (I) DASHO KESANG WANGDI, CHAIRPERSON (II) MR. DECHEN DORJI, MEMBER (III) MR. UJJWAL DEEP DAHAL, MEMBER (IV) MS. LEKI WANGMO, MEMBER (V) MR. CHENCHO, MEMBER (VI) MS. TASHI PEM, MEMBER (VII) DRR. KARMA TSHERING, MEMBER
SCHEDULE FOR FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE ORG TOP MGT OFFICIALS IS DETERMINED BY THE PREVAILING PAY SCALE AS PER THE HR MANUAL WHICH IS BEING PROPOSED BY THE SECRETARIAT & CERTIFIED BY THE MINISTRY OF LABOUR & HUMAN RESOURCES. UPON CERTIFICATION BY THE RELEVANT MINISTRY, THE HR MANUAL IS BEING APPROVED BY THE BOARD OF TRUSTEES.
SCHEDULE FOR FORM 990, PART VI, SECTION B, LINE 19 BOTH THE AUDITED ANNUAL FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE ON BTFEC WEBSITE FOR PUBLIC CONSUMPTION.
FORM 990 , PART VIII LINE 11: MISC. INCOME ROUND UP/(OFF) $1
FORM 990, PART IX, LINE 24: OTHER EXPENSES ROUND UP/(OFF) $1
FORM 990, PART X, LINE 32 OTHER CHANGES IN NET ASSETS OR FUND BALANCES ROUND UP/(OFF) $1
FORM 990, PART X, LINE 29 (L) VALUE OF CAPITAL CONTRIBUTION RECEIVED FROM THE ROYAL GOVERNMENT OF BHUTAN (RGOB) FOR ESTABLISHMENT OF "FARMER" CROP AND LIVESTOCK INSURANCE SCHEME UNDER HUMAN WILDLIFE CONFLICT MANAGEMENT" INCREASED BY $63,038 FROM PREVIOUS YEAR DUE TO EXCHANGE RATE TRANSLATION. (II) LOSS ON EXCHANGE RATE TRANSLATION FROM LOCAL CURRENCY (BTN) TO USD $ AT THE END OF THE FISCAL YEAR BY $(368,084). (III) ROUND UP/(OFF) $1.
FORM 990, PART XI, LINE 7 NO FIGURE HAS BEEN MENTIONED UNDER LINE 7: INVESTMENT EXPENSES SINCE $274,559 HAS ALREADY BEEN INCLUDED IN PART IX LINE 25: TOTAL EXPENSES
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990) 2021


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