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
- Donations: Unrestricted donations and any restricted donations released for use
- Program Fees – Gampo Abbey: fees charged for monastic residency, Yarne guests, In-House Retreatants, Solitary retreatants or other programs offered
- Pema Chödrön Foundation Grant: annual grant received from the Pema Chödrön Foundation
- 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
- 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.
- Facilities and Maintenance: material costs for repairs and maintenance on all buildings
- Food and Kitchen Supplies: food, kitchen supplies and equipment, vegetable garden
- Lineage and Acharya Support: annual offerings to Shambhala Canada Society, our Abbot Thrangu Rinpoche and living expenses for Gampo Acharya Pema Chödrön
- 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
- Salaries, Benefits and Contract Pay: expenses for full and part time non-monastic staff as well as hourly contract pay for outside contractors
- Transportation: fuel, repairs and insurance for Abbey vehicles
- Utilities: heating and electrical costs for all Abbey buildings
- Depreciation: annual depreciation on buildings and other assets.
Revised February 24, 2021, Les Ste Marie
