Skip to content
Nonprofiteer
← THE INSTITUTE OF BUDDHIST STUDIES INC

Form 990 for tax year 2024

Filed by THE INSTITUTE OF BUDDHIST STUDIES INC.

Totals

Total revenue
$3,721,254
Total expenses
$2,373,677
Contributions and grants received
$3,008,919
Grants paid
$275,598
Program service revenue
$361,137
Investment income
$347,008
Other revenue
$4,190
Total assets, end of year
$10,650,175
Total liabilities, end of year
$442,809
Net assets or fund balances, end of year
$10,207,366
Program services expenses (Part IX)
$1,348,969
Management and general expenses
$887,211
Fundraising expenses
$137,497
Program service expenses (Part III)
$1,348,969

Program services were 56.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $3,008,919

  • 2a · Program service revenue: GRADUATE PROGRAMS

    total $361,137 · related or exempt $361,137

  • 3 · Investment income

    total $127,836 · excluded $127,836

  • 5 · Royalties

    total $2,374 · excluded $2,374

  • 7a · Gross sales of assets other than inventory

    securities $1,981,473

  • 7b · Less cost or other basis and sales expenses

    securities $1,762,301

  • 7c · Gain or loss

    securities $219,172

  • 7d · Net gain or loss

    total $219,172 · excluded $219,172

  • 10a · Gross sales of inventory

    $1,816

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $1,816 · excluded $1,816

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $275,598 · program services $275,598

  • 5 · Compensation of officers, directors and key employees

    total $407,182 · program services $103,500 · management and general $248,485 · fundraising $55,197

  • 7 · Other salaries and wages

    total $771,144 · program services $512,834 · management and general $220,309 · fundraising $38,001

  • 9 · Other employee benefits

    total $288,294 · program services $126,983 · management and general $144,299 · fundraising $17,012

  • 10 · Payroll taxes

    total $99,247 · program services $51,818 · management and general $39,681 · fundraising $7,748

  • 11c · Fees: accounting

    total $68,550 · management and general $68,550

  • 11f · Fees: investment management

    total $57,109 · management and general $57,109

  • 11g · Fees: other

    total $33,916 · program services $400 · management and general $33,516

  • 13 · Office expenses

    total $25,166 · program services $3,128 · management and general $19,778 · fundraising $2,260

  • 16 · Occupancy

    total $109,124 · program services $69,527 · management and general $24,223 · fundraising $15,374

  • 17 · Travel

    total $8,891 · program services $6,574 · management and general $1,707 · fundraising $610

  • 19 · Conferences, conventions and meetings

    total $1,436 · program services $1,436

  • 20 · Interest

    total $6,584 · management and general $6,584

  • 22 · Depreciation, depletion and amortization

    total $5,799 · program services $5,148 · management and general $651

  • 23 · Insurance

    total $26,576 · program services $14,384 · management and general $10,897 · fundraising $1,295

  • 24a · Other expenses: AFFILIATION FEES

    total $94,087 · program services $94,087

  • 24b · Other expenses: INSTRUCTION EXPENSES

    total $31,662 · program services $31,662

  • 24c · Other expenses: PACIFIC WORLD PUBL.

    total $25,043 · program services $25,043

  • 24d · Other expenses: STORAGE EXPENSE

    total $13,848 · program services $13,848

  • 24e · All other expenses

    total $24,421 · program services $12,999 · management and general $11,422

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $341,669 · end of year $317,267

  • 2 · Savings and temporary cash investments

    beginning of year $1,376,006 · end of year $2,713,779

  • 3 · Pledges and grants receivable

    beginning of year $92,795 · end of year $65,810

  • 4 · Accounts receivable

    beginning of year $8,845 · end of year $6,980

  • 9 · Prepaid expenses and deferred charges

    beginning of year $12,466 · end of year $14,162

  • 10a · Land, buildings and equipment: cost or other basis

    $573,416

  • 10b · Land, buildings and equipment: accumulated depreciation

    $209,542

  • 10c · Land, buildings and equipment, net

    beginning of year $284,531 · end of year $363,874

  • 11 · Investments: publicly traded securities

    beginning of year $7,082,572 · end of year $7,168,303

  • 15 · Other assets

    beginning of year $18,460 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $308,239 · end of year $216,491

  • 19 · Deferred revenue

    beginning of year $104,200 · end of year $99,056

  • 21 · Escrow or custodial account liability

    beginning of year $18,460

  • 24 · Unsecured notes and loans payable

    beginning of year $72,276 · end of year $127,262

  • 27 · Net assets without donor restrictions

    beginning of year $892,952 · end of year $839,736

  • 28 · Net assets with donor restrictions

    beginning of year $7,821,217 · end of year $9,367,630

Mission and programs · 2024

Mission

TO PROVIDE GRADUATE LEVEL EDUCATION IN THE FULL BREADTH OF THE BUDDHIST TRADITION WITH SPECIALIZED EDUCATION SUPPORTING PURE LAND AND CONTEMPORARY SHIN BUDDHIST STUDIES, WHILE ADVANCING JODO SHINSHU BUDDHIST MINISTRY AND BUDDHIST CHAPLAINCY.

Activities or mission (Part I)

TO PROVIDE GRADUATE LEVEL EDUCATION IN THE FULL BREADTH OF THE BUDDHIST TRADITION.

  • TO PROVIDE GRADUATE LEVEL DEGREE PROGRAMS IN BUDDHIST STUDIES CULMINATING WITH MASTER OF ART, MASTER OF BUDDHIST STUDIES OR MASTER OF DIVINITY DEGREES TO PREPARE STUDENTS FOR BUDDHIST MINISTRY OR CHAPLAINCY. A RANGE OF CERTIFICATE PROGRAMS ARE OFFERED AND CAN BE COMPLETED BASED ON THE STUDENT'S AREA OF SPECIALIZATION (BUDDHIST CHAPLAINCY, SHIN BUDDHISM CERTIFICATE, BUDDHISM AND CONTEMPORARY PSYCHOLOGY, AND THERAVADA BUDDHIST STUDIES). SPONSOR PUBLIC LECTURES, SEMINARS, CONFERENCES AND SYMPOSIA, PUBLISH JOURNALS, TRANSLATE ARTICLES, AND LECTURES.

    Expenses $1,285,352 · Grants $275,598 · Revenue $361,137

  • DORMITORY-STYLE HOUSING IS MADE AVAILABLE TO STUDENTS.

    Expenses $63,617

As filed on the 2024 return.

Listed in Part VII

  • Dr Leroy Morishita

    CHAIRMAN OF THE BOARD

    Total calculated
    $0
    Hours/week
    2

  • Dr Patricia Hiramoto

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Ms Cheryl Ikemiya

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Rev Katsuya Kusunoki

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Rev Kiyonobu Kuwahara

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Ms Peggy Okabayashi

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Mr Charles Ozaki

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Rev Candice Shibata

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Rev Cyndi Yasaki

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Mr Richard Stambul

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Rev Jon Turner

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Dr Scott Mitchell

    PRESIDENT, CEO

    Total calculated
    $161,105
    From this org
    $128,061
    From related orgs
    $0
    Other
    $33,044
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $128,061
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $33,044
    Filer's total
    $161,105

  • Ms River Cullen

    DIR. OF FIN./ADMIN./CFO

    Total calculated
    $144,178
    From this org
    $127,033
    From related orgs
    $0
    Other
    $17,145
    Hours/week
    40

  • Rev Takashi Miyaji

    DEAN, SECRETARY

    Total calculated
    $81,435
    From this org
    $49,697
    From related orgs
    $0
    Other
    $31,738
    Hours/week
    30

  • Rev Marvin Harada

    CHANCELLOR

    Total calculated
    $0
    Hours/week
    2

  • Junko Yamasaki

    ACCOUNTANT

    Total calculated
    $170,464
    From this org
    $124,438
    From related orgs
    $0
    Other
    $46,026
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $124,438
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $46,026
    Filer's total
    $170,464

  • Paula Arai

    PROFESSOR

    Total calculated
    $146,546
    From this org
    $121,466
    From related orgs
    $0
    Other
    $25,080
    Hours/week
    40

  • Nancy Lin

    PROFESSOR

    Total calculated
    $106,501
    From this org
    $106,501
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
2 February 2026
IRS schema version
2024v5.5
Source object
202640349349300729

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.