Nonprofit · EIN 94-1700607
THE INSTITUTE OF BUDDHIST STUDIES INC
Tax-exempt · BERKELEY, CA 94704
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| March 31, 2025 | 990 | $3,721,254 | $2,373,677 | $1,347,577 | $10,650,175 | $442,809 | $10,207,366 |
| March 31, 2024 | 990 | $2,221,666 | $2,501,338 | -$279,672 | $9,217,344 | $503,175 | $8,714,169 |
Financial details: 990 for the year ended March 31, 2025
Revenue
- Contributions, gifts and grants
- $3,008,919
- Program service revenue
- $361,137
- Investment income
- $347,008
- Royalties
- $2,374
- Net gain from sales of assets
- $219,172
- Net income from sales of inventory
- $1,816
- Other revenue
- $4,190
Expenses
- Grants and similar amounts paid
- $275,598
- Compensation of officers, directors and key employees
- $407,182
- Other salaries and wages
- $771,144
- Salaries, compensation and benefits (total)
- $1,565,867
- Professional fundraising fees
- $0
- Accounting fees
- $68,550
- Occupancy
- $109,124
- Travel
- $8,891
- Depreciation
- $5,799
- Program services (functional)
- $1,348,969
- Management and general (functional)
- $887,211
- Fundraising (functional)
- $137,497
Balance sheet and other
- Total assets, start of year
- $9,217,344
- Total assets, end of year
- $10,650,175
- Total liabilities, end of year
- $442,809
- Net assets, end of year
- $10,207,366
- Land, buildings and equipment
- $363,874
- Publicly traded securities
- $7,168,303
- Net assets without donor restrictions
- $839,736
- Net assets with donor restrictions
- $9,367,630
- Gross receipts
- $5,483,555
- Employees
- 25
- Volunteers
- 11
- Year formed
- 1969
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended March 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JUNKO YAMASAKI | ACCOUNTANT Highest-paid employee | 40 | $124,438 | $46,026 |
| DR SCOTT MITCHELL | PRESIDENT, CEO Officer | 40 | $128,061 | $33,044 |
| PAULA ARAI | PROFESSOR Highest-paid employee | 40 | $121,466 | $25,080 |
| MS RIVER CULLEN | DIR. OF FIN./ADMIN./CFO Officer | 40 | $127,033 | $17,145 |
| NANCY LIN | PROFESSOR Highest-paid employee | 40 | $106,501 | $0 |
| REV TAKASHI MIYAJI | DEAN, SECRETARY Officer | 30 | $49,697 | $31,738 |
| DR LEROY MORISHITA | CHAIRMAN OF THE BOARD Trustee or director, Officer | 2 | $0 | $0 |
| DR PATRICIA HIRAMOTO | TRUSTEE Trustee or director | 2 | $0 | $0 |
| MS CHERYL IKEMIYA | TRUSTEE Trustee or director | 2 | $0 | $0 |
| REV KATSUYA KUSUNOKI | TRUSTEE Trustee or director | 2 | $0 | $0 |
| REV KIYONOBU KUWAHARA | TRUSTEE Trustee or director | 2 | $0 | $0 |
| MS PEGGY OKABAYASHI | TRUSTEE Trustee or director | 2 | $0 | $0 |
| MR CHARLES OZAKI | TRUSTEE Trustee or director | 2 | $0 | $0 |
| REV CANDICE SHIBATA | TRUSTEE Trustee or director | 2 | $0 | $0 |
| REV CYNDI YASAKI | TRUSTEE Trustee or director | 2 | $0 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MR RICHARD STAMBUL | TRUSTEE Trustee or director | 2 | $0 |
| REV JON TURNER | TRUSTEE Trustee or director | 2 | $0 |
| REV MARVIN HARADA | CHANCELLOR Officer | 2 | $0 |
990 for the year ended March 31, 2024: 19 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SUSAN PHUNG | INT. ACCOUNTING MGR. (UNTIL 12/2023) Highest-paid employee | 40 | $210,909 | $16,085 |
| LINDA SHIOZAKI | DIRECTOR OF FINANCE (UNTIL 12/2023) Officer | 40 | $137,116 | $47,608 |
| DR SCOTT MITCHELL | DEAN OF FACULTY & STUDENT AFFAIRS Officer | 40 | $117,045 | $29,978 |
| PAULA ARAI | PROFESSOR Highest-paid employee | 40 | $112,995 | $21,373 |
| DAVID MATSUMOTO | PRESIDENT Officer | 40 | $28,657 | $84,554 |
| NANCY LIN | ASSISTANT PROFESSOR Highest-paid employee | 40 | $102,337 | $0 |
| RIVER CULLEN | DIR. OF FIN./ADMIN. (STARTED 01/24) Officer | 40 | $47,667 | $7,704 |
| DR LEROY MORISHITA | CHAIRMAN OF THE BOARD Trustee or director, Officer | 2 | $0 | $0 |
| DR PATRICIA HIRAMOTO | TRUSTEE Trustee or director | 2 | $0 | $0 |
| MS CHERYL IKEMIYA | TRUSTEE Trustee or director | 2 | $0 | $0 |
| REV KATSUYA KUSUNOKI | TRUSTEE Trustee or director | 2 | $0 | $0 |
| REV KIYONOBU KUWAHARA | TRUSTEE Trustee or director | 2 | $0 | $0 |
| MS PEGGY OKABAYASHI | TRUSTEE Trustee or director | 2 | $0 | $0 |
| MR CHARLES OZAKI | TRUSTEE Trustee or director | 2 | $0 | $0 |
| REV CANDICE SHIBATA | TRUSTEE Trustee or director | 2 | $0 | $0 |
| REV DENNIS SHINSEKI | TRUSTEE Trustee or director | 2 | $0 | $0 |
| MR RICHARD STAMBUL | TRUSTEE Trustee or director | 2 | $0 | $0 |
| REV JON TURNER | TRUSTEE Trustee or director | 2 | $0 | $0 |
| REV MARVIN HARADA | CHANCELLOR Officer | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2140 DURANT AVE, BERKELEY, CA 94704-1589
- In care of
- % DAVID MATSUMOTO
- Principal officer (990 for 2024)
- DR SCOTT MITCHELL, 2140 DURANT AVE, BERKELEY, CA 94704
- Signed the 990
- DR SCOTT MITCHELL, PRESIDENT
- Phone
- (510) 809-1444
- Website
- WWW.SHIN-IBS.EDU
- Return prepared by
- BAKER TILLY ADVISORY GROUP LP
California records
California keeps its own records of charities and corporations. Search them by EIN 94-1700607 or by the name THE INSTITUTE OF BUDDHIST STUDIES INC.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
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.
Program accomplishments
- 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
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in March, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | March 31, 2026 | August 17, 2026 | Not on file |
| 2024 | March 31, 2025 | August 15, 2025 | 990 on file |
| 2023 | March 31, 2024 | August 15, 2024 | 990 on file |
IRS record
- EIN
- 94-1700607
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2018
- Accounting year ends
- March
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B50)
- Assets (IRS master file)
- $10,650,175
- Income (IRS master file)
- $5,483,555
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | March 2025 | $3,721,254 | $2,373,677 | $10,650,175 | XML |
| 990 | March 2024 | $2,221,666 | $2,501,338 | $9,217,344 | XML |
| 990 | March 2023 | $3,224,750 | $2,527,733 | $8,614,475 | IRS |
| 990 | March 2022 | $2,615,573 | $2,476,001 | $8,641,566 | IRS |
| 990 | March 2021 | – | – | – | IRS |
| 990 | March 2020 | – | – | – | IRS |
| 990 | March 2019 | – | – | – | IRS |
| 990 | March 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 94-1700607).
Questions about THE INSTITUTE OF BUDDHIST STUDIES INC
- What is the EIN of THE INSTITUTE OF BUDDHIST STUDIES INC?
- The employer identification number (EIN) of THE INSTITUTE OF BUDDHIST STUDIES INC is 94-1700607.
- Is THE INSTITUTE OF BUDDHIST STUDIES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to THE INSTITUTE OF BUDDHIST STUDIES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE INSTITUTE OF BUDDHIST STUDIES INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of THE INSTITUTE OF BUDDHIST STUDIES INC due?
- The return for tax year 2025 (the year ending March 31, 2026) is due August 17, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE INSTITUTE OF BUDDHIST STUDIES INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended March 2025.
- Who is the principal officer of THE INSTITUTE OF BUDDHIST STUDIES INC?
- The 990 for the year ended March 31, 2025 names DR SCOTT MITCHELL.
- Who are the officers and directors of THE INSTITUTE OF BUDDHIST STUDIES INC?
- The 990 for the year ended March 31, 2025 lists 18 people; 6 received compensation from the organization, the highest $124,438 (JUNKO YAMASAKI, ACCOUNTANT).
- How much revenue does THE INSTITUTE OF BUDDHIST STUDIES INC have?
- On its 990 for the year ended March 31, 2025 it reported revenue of $3,721,254, expenses of $2,373,677 and total assets of $10,650,175 at year end.
Other nonprofits in BERKELEY
- UNIVERSITY OF CALIFORNIA BERKELEY FOUNDATION EIN 94-6090626 · last filed 990 for 2025
- UC BERKELEY CENTER FOR EXECUTIVE EDUCATION EIN 46-1482891 · last filed 990 for 2025
- EDVENTUREMORE EIN 77-0653711 · last filed 990 for 2024
- CALIFORNIA ALUMNI ASSOCIATION EIN 94-1007751 · last filed 990 for 2024
- BLACK PINE CIRCLE INC EIN 94-1700228 · last filed 990 for 2025
- GRADUATE THEOLOGICAL UNION EIN 94-1581707 · last filed 990 for 2025
- LIGHTCONE INFRASTRUCTURE INC EIN 92-0861538 · last filed 990 for 2025
- THE EDIBLE SCHOOLYARD PROJECT EIN 94-3248671 · last filed 990 for 2025