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← THE INSTITUTE OF BUDDHIST STUDIES INC

Form 990 for tax year 2022

Filed by THE INSTITUTE OF BUDDHIST STUDIES INC.

Totals

Total revenue
$3,224,750
Total expenses
$2,527,733
Contributions and grants received
$2,561,008
Grants paid
$299,738
Program service revenue
$583,440
Investment income
$78,546
Other revenue
$1,756
Total assets, end of year
$8,614,475
Total liabilities, end of year
$591,367
Net assets or fund balances, end of year
$8,023,108
Program services expenses (Part IX)
$1,587,817
Management and general expenses
$820,733
Fundraising expenses
$119,183
Program service expenses (Part III)
$1,587,817

Program services were 62.8% 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.

  • 1e · Government grants (contributions)

    $236,572

  • 1f · All other contributions, gifts and grants

    $2,324,436

  • 2a · Program service revenue: GRADUATE PROGRAMS

    total $538,962 · related or exempt $538,962

  • 2b · Program service revenue: DORMITORY RENTS

    total $44,478 · related or exempt $44,478

  • 3 · Investment income

    total $92,199 · excluded $92,199

  • 5 · Royalties

    total $1,756 · excluded $1,756

  • 7a · Gross sales of assets other than inventory

    securities $910,448

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

    securities $924,101

  • 7c · Gain or loss

    securities -$13,653

  • 7d · Net gain or loss

    total -$13,653 · excluded -$13,653

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $299,738 · program services $299,738

  • 5 · Compensation of officers, directors and key employees

    total $429,777 · program services $177,723 · management and general $202,075 · fundraising $49,979

  • 7 · Other salaries and wages

    total $872,498 · program services $545,693 · management and general $294,110 · fundraising $32,695

  • 8 · Pension plan contributions

    total $40,006 · program services $21,076 · management and general $17,156 · fundraising $1,774

  • 9 · Other employee benefits

    total $248,766 · program services $154,949 · management and general $81,176 · fundraising $12,641

  • 10 · Payroll taxes

    total $97,941 · program services $57,183 · management and general $36,965 · fundraising $3,793

  • 11c · Fees: accounting

    total $52,941 · management and general $52,941

  • 11f · Fees: investment management

    total $49,999 · management and general $49,999

  • 11g · Fees: other

    total $30,015 · program services $7,470 · management and general $22,545

  • 12 · Advertising and promotion

    total $6,800 · program services $6,800

  • 13 · Office expenses

    total $18,295 · program services $4,123 · management and general $12,592 · fundraising $1,580

  • 16 · Occupancy

    total $116,345 · program services $82,442 · management and general $18,586 · fundraising $15,317

  • 17 · Travel

    total $12,221 · program services $11,246 · management and general $962 · fundraising $13

  • 19 · Conferences, conventions and meetings

    total $310 · program services $310

  • 22 · Depreciation, depletion and amortization

    total $5,692 · program services $4,763 · management and general $778 · fundraising $151

  • 23 · Insurance

    total $29,695 · program services $17,297 · management and general $11,515 · fundraising $883

  • 24a · Other expenses: AFFILIATION FEES

    total $91,479 · program services $91,479

  • 24b · Other expenses: INSTRUCTION FEES

    total $31,470 · program services $30,831 · management and general $284 · fundraising $355

  • 24c · Other expenses: PACIFIC WORLD

    total $22,988 · program services $22,988

  • 24d · Other expenses: IBS PUBLICATION

    total $14,486 · program services $14,486

  • 24e · All other expenses

    total $56,271 · program services $37,220 · management and general $19,049 · fundraising $2

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $217,771 · end of year $487,335

  • 2 · Savings and temporary cash investments

    beginning of year $692,913 · end of year $1,402,410

  • 3 · Pledges and grants receivable

    beginning of year $380,553 · end of year $165,208

  • 4 · Accounts receivable

    beginning of year $20,685 · end of year $3,225

  • 9 · Prepaid expenses and deferred charges

    beginning of year $14,028 · end of year $11,159

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

    $370,203

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

    $197,850

  • 10c · Land, buildings and equipment, net

    beginning of year $158,032 · end of year $172,353

  • 11 · Investments: publicly traded securities

    beginning of year $7,048,525 · end of year $6,356,459

  • 15 · Other assets

    beginning of year $109,059 · end of year $16,326

  • 17 · Accounts payable and accrued expenses

    beginning of year $514,280 · end of year $464,096

  • 19 · Deferred revenue

    beginning of year $113,823 · end of year $109,043

  • 21 · Escrow or custodial account liability

    beginning of year $14,562 · end of year $15,953

  • 24 · Unsecured notes and loans payable

    beginning of year $236,572

  • 25 · Other liabilities

    beginning of year $2,100 · end of year $2,275

  • 27 · Net assets without donor restrictions

    beginning of year $768,648 · end of year $842,901

  • 28 · Net assets with donor restrictions

    beginning of year $6,991,581 · end of year $7,180,207

Mission and programs · 2022

Mission

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

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

    Expenses $1,477,847 · Grants $299,738 · Revenue $538,962

  • DORMITORY-STYLE HOUSING IS MADE AVAILABLE TO STUDENTS.

    Expenses $109,970 · Revenue $44,478

As filed on the 2022 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 Jay Shinseki

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Mr Rick Stambul

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Rev Jon Turner

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Ms Linda Shiozaki

    DIRECTOR OF FINANCE

    Total calculated
    $143,207
    From this org
    $99,798
    From related orgs
    $0
    Other
    $43,409
    Hours/week
    40

  • Rev Marvin Harada

    CHANCELLOR

    Total calculated
    $0
    Hours/week
    2

  • Dr Scott Mitchell

    DEAN OF FACULTY & STUDENT AFFAIRS

    Total calculated
    $129,935
    From this org
    $102,876
    From related orgs
    $0
    Other
    $27,059
    Hours/week
    40

  • Rev Dr David Matsumoto

    PRESIDENT

    Total calculated
    $147,581
    From this org
    $44,350
    From related orgs
    $0
    Other
    $103,231
    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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
9 October 2023
IRS schema version
2022v5.0
Source object
202302859349301585

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