2026-02-03T18:43:10-06:00 2025-03-31 390859910 BAKER TILLY ADVISORY GROUP LP 2050 MAIN STREET SUITE 700 IRVINE CA 92614 990 2024-04-01 941700607 INSTITUTE OF BUDDHIST STUDIES INST 5108091444 2140 DURANT AVE BERKELEY CA 94704 DR SCOTT MITCHELL PRESIDENT 5108091444 2026-02-02 1 0 BRIAN YACKER P00401346 9492222999 2026-02-02 2024 2025-03-06 01:10:19Z DR SCOTT MITCHELL 2140 DURANT AVE BERKELEY CA 94704 5483555 0 X WWW.SHIN-IBS.EDU X 1969 CA TO PROVIDE GRADUATE LEVEL EDUCATION IN THE FULL BREADTH OF THE BUDDHIST TRADITION. 11 11 25 11 0 0 1630260 3008919 446483 361137 144351 347008 572 4190 2221666 3721254 289680 275598 0 0 1694111 1565867 0 0 137497 517547 532212 2501338 2373677 -279672 1347577 9217344 10650175 503175 442809 8714169 10207366 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. 0 0 1285352 275598 361137 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. 63617 DORMITORY-STYLE HOUSING IS MADE AVAILABLE TO STUDENTS. 1348969 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 5 0 1 25 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 0 1 1 0 CA X RIVER CULLEN 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 CYNDI YASAKI TRUSTEE 2.00 X 0 0 0 MR RICHARD STAMBUL TRUSTEE 2.00 X 0 0 0 REV JON TURNER TRUSTEE 2.00 X 0 0 0 DR SCOTT MITCHELL PRESIDENT, CEO 40.00 X 128061 0 33044 MS RIVER CULLEN DIR. OF FIN./ADMIN./CFO 40.00 X 127033 0 17145 REV TAKASHI MIYAJI DEAN, SECRETARY 30.00 X 49697 0 31738 REV MARVIN HARADA CHANCELLOR 2.00 X 0 0 0 JUNKO YAMASAKI ACCOUNTANT 40.00 X 124438 0 46026 PAULA ARAI PROFESSOR 40.00 X 121466 0 25080 NANCY LIN PROFESSOR 40.00 X 106501 0 0 657196 0 153033 5 0 1 0 0 3008919 3008919 GRADUATE PROGRAMS 611710 361137 361137 361137 127836 127836 2374 2374 1981473 1762301 219172 219172 219172 1816 0 1816 1816 3721254 361137 0 351198 275598 275598 407182 103500 248485 55197 771144 512834 220309 38001 288294 126983 144299 17012 99247 51818 39681 7748 68550 68550 57109 57109 33916 400 33516 25166 3128 19778 2260 109124 69527 24223 15374 8891 6574 1707 610 1436 1436 6584 6584 5799 5148 651 26576 14384 10897 1295 AFFILIATION FEES 94087 94087 INSTRUCTION EXPENSES 31662 31662 PACIFIC WORLD PUBL. 25043 25043 STORAGE EXPENSE 13848 13848 24421 12999 11422 2373677 1348969 887211 137497 341669 317267 1376006 2713779 92795 65810 8845 6980 12466 14162 573416 209542 284531 363874 7082572 7168303 18460 0 9217344 10650175 308239 216491 104200 99056 18460 72276 127262 503175 442809 X 892952 839736 7821217 9367630 8714169 10207366 9217344 10650175 1347577 145620 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 6366541 123000 385829 113267 134759 6627344 5337445 260970 918747 84094 66527 6366541 5867643 170200 -321883 306630 71885 5337445 6407609 249831 -251112 251443 287242 5867643 4495663 249920 1790608 128582 6407609 0.00000 0.73014 0.26986 1 0 57600 57600 387291 88069 299222 122350 117975 4375 6175 3498 2677 363874 X 3534167 145620 -275598 -129978 3664145 57109 57109 3721254 2040970 0 2040970 57109 275598 332707 2373677 PART V, LINE 4: THE PURPOSE OF THE ENDOWMENT FUNDS ARE TO PROVIDE STUDENT SCHOLARSHIPS, SUPPORT LIBRARY PURCHASES, OPERATIONS, FACILITIES/BUILDINGS, AND INSTITUTIONAL DEVELOPMENT TO BENEFIT THE STUDENTS AND SCHOLARS OF THE INSTITUTE. 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 -275,598. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARHIPS 275,598. 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 CATALOG REITERATES POLICIES. THE CATALOG IS AVAILABLE ONLINE ON THE SCHOOL WEBSITE. 1 SCHOLARSHIPS 57 275598 PART I, LINE 2: SCHOLARSHIPS ARE AWARDED AS TUITION DISCOUNTS. SCHOLARSHIP APPLICATIONS ARE REVIEWED BY THE SCHOLARSHIP COMMITTEE, WITH ATTENTION TO BOTH STUDENT GOALS AND PROGRESS, AND DONOR INTENT. SCHOLARSHIP FUNDS ARE ALLOCATED BASED ON DONOR INTENT. 0 0 0 0 0 0 0 0 0 JUNKO YAMASAKI ACCOUNTANT 124438 0 0 0 0 0 0 0 46026 0 170464 0 0 0 DR SCOTT MITCHELL PRESIDENT, CEO 128061 0 0 0 0 0 0 0 33044 0 161105 0 0 0 FORM 990, PART VI, SECTION A, LINE 8B NO COMMITTEE HAS AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. 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 THE DRAFT 990 WILL BE DISTRIBUTED TO THE BOARD FOR REVIEW AND APPROVAL. WHEN APPROVED, BAKER TILLY WILL BE NOTIFIED TO PROCEED. 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 SIGN 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 B, LINE 15 THE IBS BOARD CHAIR AND VICE CHAIR DISCUSSED THE PRESIDENT'S SALARY THAT WAS OFFERED. THE OUTGOING PRESIDENT'S SALARY AS WELL AS THE INCOMING PRESIDENT'S PRIOR SALARY AS DEAN WERE REVIEWED. THE SALARY RANGE WAS DISCUSSED AND SHARED WITH THE BOARD. THE BOARD CHAIR SHARED THE INCOMING PRESIDENT'S SALARY WITH THE BOARD. IBS CONSIDERED THE BUDGET, SALARIES OF OTHER STAFF AND HOW THIS WORKED WITHIN THE ORGANIZATION AND BUDGET. 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.