2023-10-12T18:07:33-05:00 2023-03-31 390859910 BAKER TILLY US LLP 18500 VON KARMAN AVE 10TH FLOOR IRVINE CA 92612 990 2022-04-01 941700607 INSTITUTE OF BUDDHIST STUDIES INST 5108091444 2140 DURANT AVE BERKELEY CA 94704 DAVID MATSUMOTO PRESIDENT 5108091444 2023-10-09 1 DAVID MATSUMOTO 999009999 0 BRIAN YACKER P00401346 9492222999 2023-10-09 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z DAVID MATSUMOTO 2140 DURANT AVE BERKELEY CA 94704 4148851 0 X WWW.SHIN-IBS.EDU X 1969 CA 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. 11 11 33 15 0 0 2000038 2561008 527799 583440 85183 78546 2553 1756 2615573 3224750 348919 299738 0 0 1563492 1688988 0 0 119183 563590 539007 2476001 2527733 139572 697017 8641566 8614475 881337 591367 7760229 8023108 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. 0 0 1477847 299738 538962 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. 109970 44478 DORMITORY-STYLE HOUSING IS MADE AVAILABLE TO STUDENTS. 1587817 1 1 0 0 0 0 0 0 1 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 4 0 1 33 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 1 0 0 0 CA X LINDA SHIOZAKI 5108091444 2140 DURANT AVENUE BERKELEY CA 94704 DR LEROY MORISHITA CHAIRMAN OF THE BOARD 2.00 X X 0 0 0 DR PATRICIA HIRAMOTO TRUSTEE 2.00 X 0 0 0 MS CHERYL IKEMIYA TRUSTEE 2.00 X 0 0 0 REV KATSUYA KUSUNOKI TRUSTEE 2.00 X 0 0 0 REV KIYONOBU KUWAHARA TRUSTEE 2.00 X 0 0 0 MS PEGGY OKABAYASHI TRUSTEE 2.00 X 0 0 0 MR CHARLES OZAKI TRUSTEE 2.00 X 0 0 0 REV CANDICE SHIBATA TRUSTEE 2.00 X 0 0 0 REV JAY SHINSEKI TRUSTEE 2.00 X 0 0 0 MR RICK STAMBUL TRUSTEE 2.00 X 0 0 0 REV JON TURNER TRUSTEE 2.00 X 0 0 0 MS LINDA SHIOZAKI DIRECTOR OF FINANCE 40.00 X 99798 0 43409 REV MARVIN HARADA CHANCELLOR 2.00 X 0 0 0 DR SCOTT MITCHELL DEAN OF FACULTY & STUDENT AFFAIRS 40.00 X 102876 0 27059 REV DR DAVID MATSUMOTO PRESIDENT 40.00 X 44350 0 103231 247024 0 173699 1 0 0 0 0 236572 2324436 2561008 GRADUATE PROGRAMS 611710 538962 538962 DORMITORY RENTS 611600 44478 44478 583440 92199 92199 1756 1756 910448 924101 -13653 -13653 -13653 3224750 583440 0 80302 299738 299738 429777 177723 202075 49979 872498 545693 294110 32695 40006 21076 17156 1774 248766 154949 81176 12641 97941 57183 36965 3793 52941 52941 49999 49999 30015 7470 22545 6800 6800 18295 4123 12592 1580 116345 82442 18586 15317 12221 11246 962 13 310 310 5692 4763 778 151 29695 17297 11515 883 AFFILIATION FEES 91479 91479 INSTRUCTION FEES 31470 30831 284 355 PACIFIC WORLD 22988 22988 IBS PUBLICATION 14486 14486 56271 37220 19049 2 2527733 1587817 820733 119183 217771 487335 692913 1402410 380553 165208 20685 3225 14028 11159 370203 197850 158032 172353 7048525 6356459 109059 16326 8641566 8614475 514280 464096 113823 109043 14562 15953 236572 2100 2275 881337 591367 X 768648 842901 6991581 7180207 7760229 8023108 8641566 8614475 697017 -434138 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 5867643 170200 -321883 306630 71885 5337445 6407609 249831 -251112 251443 287242 5867643 4495663 249920 1790608 128582 6407609 3544280 1493284 -371752 170149 4495663 2443543 1208196 39936 54685 92710 3544280 0.00000 0.62050 0.37950 1 0 57600 57600 184078 82220 101858 122350 112748 9602 6175 2882 3293 172353 DORMITORY DEPOSITS 2275 2275 X 2440875 -434138 -299738 -733876 3174751 49999 49999 3224750 2177996 0 2177996 49999 299738 349737 2527733 PART V, LINE 4: THE PURPOSE OF THE ENDOWMENT IS TO PROVIDE STUDENT SCHOLARSHIPS AND TO SUPPORT THE LIBRARY PURCHASES AND OPERATION THAT WILL BENEFIT THE STUDENTS AND SCHOLARS OF THE INSTITUTE AND TO SUPPORT THE FACILITIES/BUILDINGS, OPERATIONS AND INSTITUTIONAL DEVELOPMENT. PART X, LINE 2: THE INSTITUTE QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND BY CALIFORNIA REVENUE AND TAXATION CODE SECTION 23701D. ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR INCOME TAXES IN THE ACCOMPANYING FINANCIAL STATEMENTS. EACH YEAR, MANAGEMENT CONSIDERS WHETHER ANY MATERIAL TAX POSITION THE INSTITUTE HAS TAKEN ARE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPLICABLE TAXING AUTHORITY. THE BOARD OF TRUSTEES (THE "BOARD") BELIEVES THAT ANY POSITIONS THE INSTITUTE HAS TAKEN ARE SUPPORTED BY SUBSTANTIAL AUTHORITY AND, HENCE, DO NOT NEED TO BE MEASURED OR DISCLOSED IN THESE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS -299,738. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARHIPS 299,738. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 SCHOOL POLICIES ARE GENERALLY MADE KNOWN AT THE TIME OF ORIENTATION OR REGISTRATION. ALSO, THE STUDENT HANDBOOK AND COURSE CATALOGUE REITERATES POLICIES. THE CATALOGUE IS AVAILABLE ONLINE ON THE SCHOOL WEBSITE. 1 IBS SCHOLARSHIP 18 124823 MINISTERIAL SCHOLARSHP 28 102322 JODO SHINSHU HONGWANJI-HA SCHOLARSHIP 8 18450 SAKAMOTO FAMILY SCHOLARSHIP 5 11434 FOLICK SCHOLARSHIP 2 10815 TAKEO & CARLE HIRAHARA IBS MINISTERIAL STUDENT SCHOLARSHIP 3 9902 IBS ROBERT AND EDITH OTO MEMORIAL SCHOLARSHIP 3 5360 YAMASHITA IBS SCHOLARSHIP 1 5090 CLARENCE AND KIMI HISATSUNE SCHOLARSHIP 2 4196 SHIGEKO YAMAOKA MEMORIAL SCHOLARSHIP 1 2779 WATARU AND TOSHIE TAKAHASHI SCHOLARSHIP 1 2208 RYUGEN MATSUDA MEMORIAL SCHOLARSHIP 1 1028 RYUJI & ALICE ADACHI SCHOLARSHIP 1 884 YOSHIHARA SCHOLARSHIP 1 446 PART I, LINE 2: STUDENTS ARE FREE TO USE SCHOLARSHIP FUNDS FOR ANY PURPOSE. SCHOLARSHIP APPLICATIONS ARE REVIEWED BY THE SCHOLARSHIP COMMITTEE (PRESIDENT, DEAN OF STUDENTS & FACULTY AFFAIRS, AND CHAIR, IBS PUBLICATIONS COMMITTEE), WITH ATTENTION TO BOTH STUDENT GOALS AND PROGRESS, AND DONORS' INTENT. WHILE SOME SCHOLARSHIP ENDOWMENTS MAKE FUNDS AVAILABLE FOR ANY IBS STUDENTS, A FEW OTHERS SPECIFICALLY DESIGNATE "MINISTERIAL CANDIDATES," A STATUS DETERMINED BY THE OFFICE OF THE BISHOP, BUDDHIST CHURCHES OF AMERICA. FORM 990, PART VI, SECTION A, LINE 8B NO COMMITTEE HAS AUTHORITY TO ACT ON BEHALF OF THE ORGANIZATION. THE EXECUTIVE COMMITTEE DOES NOT KEEP MINUTES OF DISCUSSIONS AND DECISIONS REGARDING CONFIDENTIAL MATTERS. ALL MATTERS REQUIRING FIDUCIARY OVERSIGHT ARE REFERRED TO THE FULL BOARD FOR DISCUSSION AND VOTE. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE PREPARED FORM 990 IS REVIEWED AT THE BOARD MEETING PRIOR TO SUBMISSION OF THE FORM. FORM 990, PART VI, SECTION B, LINE 12C BOARD OF TRUSTEES AND OFFICERS ARE REQUIRED TO DISCLOSE POSSIBLE CONFLICTS OF INTEREST AS IT OCCURS. ADDITIONALLY, BOARD OF TRUSTEES AND OFFICERS ARE REQUIRED TO SIGNED AN ANNUAL AFFIRMATION. IF A POTENTIAL CONFLICT IS BROUGHT UP, A DISCUSSION WITH THE INTERESTED PERSON HAPPENS, AFTER THE DISCUSSION, THE INTERESTED PERSON IS EXCUSED AND THE REMAINING BOARD DETERMINES WHETHER A CONFLICT EXISTS. IF A CONFLICT IS DETERMINED TO EXIST, THE INTERESTED PERSON IS NOT ALLOWED TO TAKE PART IN THE CONVERSATION REGARDING THE CONFLICTS OR IN THE DECISIONS. THE PROCESS AND DECISION IS CONTEMPORANEOUSLY DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DOCUMENTS ARE AVAILABLE TO PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION DID NOT CHANGE ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.