Karmê Chöling - Financial Report

STATEMENT OF FINANCIAL ACTIVITIES			STATEMENT OF FINANCIAL POSITION
	2009	2010		2009	2010
REVENUE			CURRENT ASSETS
Program Fees	1,1118,842	1,094,224	Available Cash Accounts	12,078	2,776
Scholarships & Discounts	(281,831)	(251,193)	Restricted Accounts	183,822	104,719
Room Rental	263,616	269,602	Accounts Receivable	177,960	211,486
Other Revenue	61,825	30,674	Inventory	5,002	6,441
Unrestricted	324,208	294,288	Pre-Paid Expense	17,506	11,472
Released from Restricted	141,965	281,276		396,368	336,894
	1,628,625	1,718,871
			LONG TERM ASSETS
EXPENSE			Land & Fixed Assets	3,677,284	3,876,260
Cost of Programs	322,340	279,183	Accumulated Depreciation	(1,586,835)	(1,736,500)
Personnel	646,296	667,123		2,090,449	2,139,760
Administrative	143,758	157,428
Operations	459,012	470,360	TOTAL ASSETS	2,486,816	2,476,654
Outreach	72,783	82,750
	1,644,189	1,656,844	LIABILITIES
			Accounts Payable	65,029	55,213
NET REVENUE	(15,563)	62,027	Program Deposits	101,580	99,686
			Deferred Revenue		44,598
Adjustment to Cash Basis			Tractor Loan		13,414
Depreciation	179,029	174,104	Mortgage Debt	724,242	701,383
Mortgage Principle	(21,716)	(21,919)		890,851	914,294
NET REVENUE, CASH BASIS	141,750	214,212
			FUND BALANCE
Capital Projects	(72,719)	(200,832)	Unrestricted Funds Balance	1,448,631	1,433,067
CHANGE IN CASH BALANCE	69.031	13,380	Donor Restricted at Year End	162,898	67,266
			Net Income	(15,563)	62,027
				1,595,966	1,562,361

			LIABILITIES & FUND BALANCE	2,486,816	2,476,655

3 new Saddharma Patrons

9 new Saddharma Association members

30 new Kubera Association members

Saddharma Association	$70,264	Unrestricted Donations	$80,449
Kubera Association	$62,813	Restricted Donations	$88,731
Total Contributions Received			$302,257

Stupa Campaign Contributions To Date			$52,031

THANK YOU FOR YOUR KIND GENEROSITY AND SUPPORT!

We are pleased and delighted to have wonderful program offerings at Karmê Chöling throughout this coming year.

Program highlights include:

Winter Dathün with Acharya Richard John - January 4-February 1
Enlightened Society Assembly with Acharyas John Rockwell and Eve Rosenthal - February 4-19
Shambhala Art: Parts I - V with Acharya Arawana Hayashi - April 6-13
Shambhala Guide Training - April 28-May 3
Sangha Retreat with Sakyong Mipham Rinpoche - May 22-27
Scorpion Seal Assembly: Year Four with Sakyong Mipham Rinpoche - May 28-June 8
Scorpion Seal Assembly: Year Two with Sakyong Mipham Rinpoche - June 12-23
Family Camp - August 4-11
Warrior Assembly with Lady Diana Mukpo and the Lamen Kyi Khyap, Acharya Mitchell Levy - August 19-30

Please go to the donations page of our website if you would like to make your donation online.