Kurukulla Center For Tibetan Buddhist Studies Inc
- Assets
- $645.9k
- Revenue
- $106.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Medford, MA
- Founding
- 07/1990
- Data as of
- 12/2022
- EIN
- 04-3074862
Organization Overview
Kurukulla Center For Tibetan Buddhist Studies Inc is located in Medford, MA. The organization was established in 1990. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2022, Kurukulla Center For Tibetan Buddhist Studies Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kurukulla Center For Tibetan Buddhist Studies Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Kurukulla Center For Tibetan Buddhist Studies Inc generated $106.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (15.2%) each year. All expenses for the organization totaled $130.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (8.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
FOUNDED IN 1989, THE KURUKULLA CENTER FOR TIBETAN BUDDHIST STUDIESINC.S MISSION IS TO PROVIDE A COMMUNITY OF SUPPORT FOR THOSE WHO ARESTUDYING AND PRACTICING THE TIBETAN BUDDHIST TRADITION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOCAL SUPPORT PROGRAMS:THE CENTER HOLDS WEEKLY CLASSES, GROUP PRACTICES AND OTHER EVENTS TOPROMOTE THE STUDY AND PRACTICE OF THE TIBETAN BUDDHIST TRADITION. THECENTER OFFERS REGULAR CLASSES OF PHILOSOPHICAL TOPICS, GROUP PRACTICESAND CELEBRATIONS, VISITING TEACHERS SPEAKING ON A VARIETY OF RELATEDTOPICS, A SMALL BOOKSTORE AND YOGA CLASSES. THE CENTER ALSO HOUSES ARESIDENT GESHE (TEACHER). IN FOLLOWING THE BUDDHIST TRADITION, THEGESHE HAS TAKEN A VOW OF POVERTY AND IS SUPPORTED BY THE CENTER.
BUILDING PROJECT:THIS PROGRAM SUPPORTS THE IMPROVEMENT AND MAINTENANCE OF THE BUILDINGSAND GROUNDS WHICH ARE THE SITE OF ALL LOCAL PROGRAMS AND MEETINGS HELDIN FURTHERANCE OF THE CENTERS MISSION. THIS PROGRAM INCLUDES CULTURALPRESERVATION PROJECTS SUCH AS THE CONSTRUCTION OF A STUPA (SACREDMONUMENT) ON THE GROUNDS. THE BUILDING, WHICH WAS PURCHASED IN 2001,IS ALSO USED TO HOUSE THE RESIDENT TEACHERS, RESIDENT TRANSLATOR ANDVISITING TEACHERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tsering Lama Board Member | Trustee | 0.3 | $0 |
Marianne Richter Board Member | Trustee | 0.3 | $0 |
Harry Duvall Board Member | Trustee | 0.3 | $0 |
Jennifer Miller Treasurer | OfficerTrustee | 0.3 | $0 |
Jose Manuel Gonzalez Board Member | OfficerTrustee | 0.3 | $0 |
Bryce Schintzius Executive Director | OfficerTrustee | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $8,850 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $95,508 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $104,358 |
| Total Program Service Revenue | $0 |
| Investment income | $513 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,579 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $106,450 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,747 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $18,417 |
| Payroll taxes | $2,105 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,666 |
| Fees for services: Accounting | $6,924 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,981 |
| Advertising and promotion | $540 |
| Office expenses | $11,127 |
| Information technology | $1,282 |
| Royalties | $0 |
| Occupancy | $20,562 |
| Travel | $11 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,385 |
| Insurance | $13,487 |
| All other expenses | $905 |
| Total functional expenses | $130,936 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,476 |
| Savings and temporary cash investments | $63,529 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,386 |
| Net Land, buildings, and equipment | $378,694 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $180,794 |
| Total assets | $645,879 |
| Accounts payable and accrued expenses | $2,393 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,393 |
| Net assets without donor restrictions | $601,225 |
| Net assets with donor restrictions | $42,261 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $645,879 |