2012-11-12T13:31:15-06:00 2011-12-31 431985162 SMITH SULLIVAN & COMPANY PC 80 FLANDERS ROAD - SUITE 200 WESTBOROUGH MA 01581 990 2011-01-01 043074862 KURUKULLA CENTER FOR TIBETAN BUDDHIST STUDIES INC KURU 6176240177 68 MAGOUN AVENUE MEDFORD MA 02155 ED PIGNONE 6176240177 2012-11-12 1 LINDA M SMITH CPA P00316105 5088717178 2012-11-08 2011 2016-02-24 21:20:13Z DEBORAH THORNBURG 68 MAGOUN AVENUE MEDFORD MA 02155 185165 0 X WWW.KURUKULLA.ORG X 1989 MA TEACHINGS IN BUDDHIST PHILOSOPHY 5 5 3 100 0 0 192505 160690 0 0 51 275 16630 14264 209186 175229 34400 11038 0 0 29096 22394 0 0 1748 142779 151206 206275 184638 2911 -9409 744340 729431 183754 179198 560586 550233 FOUNDED IN 1989, THE KURUKULLA CENTER FOR TIBETAN BUDDHIST STUDIES INC.'S MISSION IS TO PROVIDE A COMMUNITY OF SUPPORT FOR THOSE WHO ARE STUDYING AND PRACTICING THE TIBETAN BUDDHIST TRADITION. 0 0 30648 11038 0 TIBETAN BUDHIST SUPPORT PROGRAM:THIS PROGRAM OFFERS MONK AND NUN SPONSORSHIP AND GENERAL SUPPORT TO MONASTERIES AND NUNNERIES IN INDIA AND NEPAL, AN INTEGRAL PART OF THE TIBETAN BUDDHIST TRADITION. FOR THE YEARS ENDED DECEMBER 31, 2011 AND 2010, FUNDS IN THE AMOUNT OF $11,038 AND $34,400, RESPECTIVELY, WERE DONATED TO THE SERA JE MONASTERY IN INDIA TO FURTHER RELIGIOUS STUDIES, AND TO HELP OFFSET LIVING AND EDUCATION EXPENSES OF MONKS STUDYING AT SERA JE. 83737 0 0 LOCAL SUPPORT PROGRAMS:THE CENTER HOLDS WEEKLY CLASSES, GROUP PRACTICES AND OTHER EVENTS TO PROMOTE THE STUDY AND PRACTICE OF THE TIBETAN BUDDHIST TRADITION. THE CENTER OFFERS REGULAR CLASSES OF PHILOSOPHICAL TOPICS, GROUP PRACTICES AND CELEBRATIONS, VISITING TEACHERS SPEAKING ON A VARIETY OF RELATED TOPICS, A SMALL BOOKSTORE AND YOGA CLASSES. THE CENTER ALSO HOUSES A RESIDENT GESHE (TEACHER). IN FOLLOWING THE BUDDHIST TRADITION, THE GESHE HAS TAKEN A VOW OF POVERTY AND IS SUPPORTED BY THE CENTER. 56133 0 0 BUILDING PROJECT: THIS PROGRAM SUPPORTS THE IMPROVEMENT AND MAINTENANCE OF THE BUILDINGS AND GROUNDS WHICH ARE THE SITE OF ALL LOCAL PROGRAMS AND MEETINGS HELD IN FURTHERANCE OF THE CENTER'S MISSION. THIS PROGRAM INCLUDES CULTURAL PRESERVATION PROJECTS SUCH AS THE CONSTRUCTION OF A STUPA (SACRED MONUMENT) ON THE GROUNDS. THE BUILDING, WHICH WAS PURCHASED IN 2001, IS ALSO USED TO HOUSE THE RESIDENT TEACHERS, RESIDENT TRANSLATOR AND VISITING TEACHERS. 170518 1 1 0 0 0 0 0 1 0 0 1 0 0 1 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 6 0 3 1 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 X LISA ADAMS BOOKKEEPER 6176240177 68 MAGOUN AVENUE MEDFORD MA 02155 X HARRY DUVALL 0.30 X X 0 0 0 HAWK FURMAN 0.30 X 0 0 0 JOHN ELLIS 0.30 X 0 0 0 DEBORAH COLONY 0.30 X X 0 0 0 THERESE MILLER 0.30 X 0 0 0 DEBRA THORNBURG 40.00 X 0 0 0 ED PIGNONE 0.30 X 0 0 0 0 0 0 0 0 0 0 0 31515 129175 160690 275 275 12375 0 12375 12375 12375 11825 9936 1889 1889 175229 1889 0 12650 11038 11038 17366 17366 2913 2913 2115 2115 7655 7655 417 417 8331 4438 2145 1748 28869 28869 10883 10883 14602 14602 10901 8851 2050 PROGRAM EXPENSE 42306 42306 HOUSEHOLD SUPPLIES FOR 23410 23410 DONATIONS AND OFFERINGS 3727 3727 MISCELLANEOUS 105 105 184638 170518 12372 1748 44534 27470 9482 1025 7068 662709 158092 517987 504617 180794 180794 744340 729431 4965 4129 178789 175069 183754 179198 X 552772 542419 7814 7814 560586 550233 744340 729431 X -9409 -944 X 1 0 1 X 0 X 192714 233216 292447 192505 160690 1071572 192714 233216 292447 192505 160690 1071572 80512 991060 1828 1185 14142 15065 12650 44870 1328 1328 1117770 39676 0.88660 0.87190 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 180794 X X 0 74002 74002 430000 113771 316229 151092 37814 113278 7615 6507 1108 504617 COLLECTIONS AND MONUMENTS 180794 180794 PART III, LINE 4: COLLECTIONS AND MONUMENTS: THE CENTER CAPITALIZES ITS COLLECTIONS OF RELIGIOUS ARTIFACTS. ACQUISITIONS ARE CAPITALIZED AT COST IF PURCHASED OR AT FAIR VALUE IF RECEIVED BY DONATION. CONTRIBUTED COLLECTION ITEMS ARE REFLECTED ON THE FINANCIAL STATEMENTS AS IN-KIND GOODS AND AN INCREASE IN NONCURRENT ASSETS. IN ACCORDANCE WITH THE FASB ACCOUNTING STANDARDS CODIFICATION NO DEPRECIATION IS CHARGED AGAINST COLLECTIONS AND MONUMENTS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: TAX POSITION: THE CENTER CURRENTLY EVALUATES ALL TAX POSITIONS, AND MAKES A DETERMINATION REGARDING THE LIKELIHOOD OF THOSE POSITIONS BEING UPHELD UNDER REVIEW. THE PRIMARY TAX POSITIONS MADE BY THE CENTER ARE THE EXISTENCE OF UNRELATED BUSINESS INCOME TAX AND THE CENTER'S STATUS AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. FOR THE YEARS PRESENTED, THE CENTER HAS NOT RECOGNIZED ANY TAX BENEFITS OR LOSS CONTINGENCIES FOR UNCERTAIN TAX POSITIONS BASED ON THIS EVALUATION. ALL TAX PERIODS PRIOR TO 2008 ARE NO LONGER SUBJECT TO EXAMINATION BY TAX AUTHORITIES. 0 0 0 0 0 0 0 0 0 0 X SOUTH ASIA - AFGHANISTAN, BANGLADESH, FINANCIAL SUPPORT FOR MONKS AND NUNS AND OPERATING COSTS OF THE MONASTERIES 11038 WIRE TRANSFERS AND CHECKS FMV 1 0 0 0 0 0 0 FORM 990, PART VI, SECTION A, LINE 4 THE CENTER'S BY-LAWS WERE UPDATED DURING 2011. FORM 990, PART VI, SECTION B, LINE 11 THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE FORM 990 PRIOR TO ITS FILING. THE FORM 990 IS THEN AUTHORIZED AND SIGNED BY THE ORGANIZATION'S TREASURER. FORM 990, PART VI, SECTION B, LINE 12C BECAUSE OF THE CENTER'S SIZE, THE RELATIVELY SMALL NUMBER OF TRANSACTIONS EACH YEAR AND THE SMALL NUMBER OF VOLUNTEERS INVOLVED IN MANAGEMENT, ANY SUCH CONFLICT WOULD BE IMMEDIATELY OBVIOUS AND THE APPROPRIATED QUESTIONS ASKED. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -944.