Gampo Abbey Financial Transparency Statement

Simplified Summary of Audited Income and Expenses for 2019 and 2018.  2020 information won’t be available until approximately June of 2021.

OVERVIEW

Working under the overall direction of the Gampo Acharya, Pema Chödrön, the monastic community of Gampo Abbey strives to run its various financial activities in a transparent, ethical, simple and prudent manner in order to inspire the support of its benefactors and patrons, as well as the wider Buddhist sangha.  By doing so we hope to provide a foundation for the continuing development of the Buddhist monastic tradition based upon the Shambhala teachings.

  INCOME 2018 2019
1 Donations 134,535 177,984
2 Program Fees 113,697 83,923
3 Pema Chödrön Foundation Grant 192,695 192,458
4 Other Income (includes Gampo Abbey USA transfer) 3,206 36,982
       
  COMBINED TOTAL INCOME $ 444,133
$ 493,366
       
  EXPENSES 2018 2019
  GAMPO ABBEY
1 Admin & Service Departments 81,906 73,858
2 Facilities & Maintenance 19,132 13,151
3 Food and Kitchen Supplies 87,045 70,467
4 Lineage & Acharya Support 33,219 38,518
5 Monastic Requisites 40,290 55,818
6 Salaries, Benefits and Contract Pay 88,851 68,749
7 Transportation 10,671 8,985
8 Utilities 49,600 44,983
9 Depreciation 34,985 32,421
TOTAL EXPENSES $ 445,699 $ 406,950
  NET BALANCE -$1,566
 $86,416
       
  Additional Capital & Asset Expenses $ 30,535
 $55,005

 

INCOME CATEGORIES

  1. Donations: Unrestricted donations and any restricted donations released for use
  2. Program Fees – Gampo Abbey: fees charged for monastic residency, Yarne guests, In-House Retreatants, Solitary retreatants or other programs offered
  3. Pema Chödrön Foundation Grant: annual grant received from the Pema Chödrön Foundation
  4. Other Income: transfers from Gampo Abbey USA received from US donors, book store sales, investments and interest income, shuttle fees and Cheticamp Co-op dividends

 

EXPENSE CATEGORIES

  1. Administration and Service Departments: property and liability insurance, taxes, finance related expenses, internet, phone, all office support costs, computer hardware and software, currency gains or losses, housekeeping, advertising and publicity, write off account, cost of books sold.
  2. Facilities and Maintenance: material costs for repairs and maintenance on all buildings
  3. Food and Kitchen Supplies: food, kitchen supplies and equipment, vegetable garden
  4. Lineage and Acharya Support: annual offerings to Shambhala Canada Society, our Abbot Thrangu Rinpoche and living expenses for Gampo Acharya Pema Chödrön
  5. Monastic Requisites: financial support for life monastics, expenses associated with visiting teachers for the monastic residency, monastic training, shrine and practice supplies, support for the development of a new monastery, Health and Well Being, special events
  6. Salaries, Benefits and Contract Pay: expenses for full and part time non-monastic staff as well as hourly contract pay for outside contractors
  7. Transportation: fuel, repairs and insurance for Abbey vehicles
  8. Utilities: heating and electrical costs for all Abbey buildings
  9. Depreciation: annual depreciation on buildings and other assets.

 

Revised February 24, 2021, Les Ste Marie