These funds are comprised of Sustaining Sangha memberships, raffles, and other miscellaneous donations – These funds are unrestricted in nature meaning they are intended for use as needed.
Our program funds are “temporarily restricted” and consist of retreat payment fees for all Tara Mandala retreats or events – 49% of our program fees are held in reserve until 30 days prior to the retreat start date to ensure adequate reserves.
Our Capital donations are “temporarily restricted” funds and include Tara Thangka, Tara Statue and other specific capital campaign donations
Note: Temporarily restricted funds are funds that are held outside of our operating account and are not utilized until such time as the circumstances take place for which the funds have been designated.
Going into 2013 we had a balance of $17,408 remaining in our capital account
David Petit Fund
These funds are “Permanently Restricted” Funds intended for investment to sustain Tara Mandala operations over the long term. Currently the balance is not adequate enough to produce a substantial return on our deposit.
Note: Permanently restricted funds are invested and it is the interest only portion of the investment that can ever be used for the purpose intended.
Our generous maintenance donors are providing funding specifically for land and facilities maintenance excluding landscaping and vehicle repairs.
We save 3% of all maintenance fund donations and matching for the future care and upkeep of Tara Mandala
Our cabin funds are generated by long term solo retreatants and support retreatant care and cabin supplies
Operating and Programs
84% of our expenses sustain our programs and program services, with 10% of our overall expenses being attributed to capital projects in 2012 and 6% to maintenance.
- Operating costs include our finance office, donor management, volunteer recruiting, and our maintenance staff
- Programs include our registration, program marketing, retreat management, kitchen and temple staff
- Our maintenance costs indirectly support the continuation of our programs but are not included in the 84% reported