2011-11-02T12:46:51-05:00 2010-12-31 SMITH SULLIVAN & COMPANY PC 80 FLANDERS ROAD - SUITE 200 WESTBOROUGH MA 01581 990 2010-01-01 043074862 KURUKULLA CENTER FOR TIBETAN BUDDHIST STUDIES INC KURU 6176240177 68 MAGOUN AVENUE MEDFORD MA 02155 ED PIGNONE 6176240177 2011-11-01 1 LINDA M SMITH CPA 5088717178 2011-10-28 2010 2016-03-07 17:11:31Z DEBORAH THORNBURG 68 MAGOUN AVENUE MEDFORD MA 02155 215981 0 X WWW.KURUKULLA.ORG X 1989 MA TEACHINGS IN BUDDHIST PHILOSOPHY 6 6 3 100 0 0 292447 192505 0 0 101 51 17902 16630 310450 209186 37349 34400 0 0 15736 29096 0 0 1847 127127 142779 180212 206275 130238 2911 742113 744340 184438 183754 557675 560586 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 35974 34400 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, 2010 AND 2009, FUNDS IN THE AMOUNT OF $34,400 AND $37,349, 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. IN 2008, THE CENTER ALSO DONATED TO THE SERA JE MONASTERY IN SUPPORT OF A MAJOR BUILDING PROJECT. 59423 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) AND A RESIDENT TRANSLATOR WHO TRANSLATES THE GESHES TEACHINGS FROM TIBETAN TO ENGLISH. IN FOLLOWING THE BUDDHIST TRADITION, THE GESHE HAS TAKEN A VOW OF POVERTY AND IS SUPPORTED BY THE CENTER. 94220 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. 189617 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 1 0 3 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 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 ED PIGNONE 0.30 X X 0 0 0 DEBORAH COLONY 0.30 X X 0 0 0 THERESE MILLER 0.30 X 0 0 0 JANET SEIDLITZ 0.30 X 0 0 0 DEBRA THORNBURG 40.00 X 0 0 0 NICHOLAS RIBUSH 40.00 X 0 0 0 0 0 0 0 0 0 0 0 38931 153574 192505 51 51 15014 15014 15014 15014 8411 6795 1616 1616 209186 1616 0 15065 34400 34400 17115 17115 10785 10785 1196 1196 8128 8128 1678 1678 785 785 8439 2744 3848 1847 52828 52828 1898 1898 14443 14443 9054 7004 2050 HOUSEHOLD SUPPLIES FOR 19667 19667 PROGRAM EXPENSE 15168 15168 STUPA EXPENSE 9117 9117 DONATIONS AND OFFERINGS 1574 1574 206275 189617 14811 1847 60968 44534 2236 1025 661477 143490 529369 517987 149540 180794 742113 744340 2156 4965 182282 178789 184438 183754 X 515998 552772 41677 7814 557675 560586 742113 744340 2911 0 X X 1 0 1 X 0 X 126255 192714 233216 292447 192505 1037137 126255 192714 233216 292447 192505 1037137 97557 939580 5907 1828 1185 14142 15065 38127 972 1328 2300 1077564 27851 0.87190 0.86350 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 180794 X X 0 74002 74002 430000 103021 326979 151092 34086 117006 6383 6383 0 517987 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. DURING THE YEAR ENDED DECEMBER 31, 2008, THE CENTER BEGAN THE CONSTRUCTION OF A STUPA, A BUDDHIST RELIGIOUS MONUMENT. AS OF DECEMBER 31, 2010 AND 2009, COSTS TOTALING $31,254 AND $96,820, RESPECTIVELY, WERE CAPITALIZED AND INCLUDED IN COLLECTIONS AND MONUMENTS IN THE ACCOMPANYING FINANCIAL STATEMENTS, WHILE COSTS TO MAINTAIN THE MONUMENT ARE INCLUDED IN THE STATEMENT OF FUNCTIONAL EXPENSES. THE STUPA WAS COMPLETED IN 2010. NO DEPRECIATION IS CHARGED AGAINST COLLECTIONS AND MONUMENTS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: TAX POSITION: THE FASB ACCOUNTING STANDARDS CODIFICATION PROVIDES DETAILED GUIDANCE FOR THE FINANCIAL STATEMENT RECOGNITION, MEASUREMENT AND DISCLOSURE OF UNCERTAIN TAX POSITIONS RECOGNIZED IN AN ORGANIZATION'S FINANCIAL STATEMENTS. THE CENTER ADOPTED THE PROVISIONS OF THIS STANDARD ON JANUARY 1, 2009. THE IMPLEMENTATION OF THIS STANDARD DID NOT HAVE ANY IMPACT ON THE FINANCIAL POSITION OR NET ASSETS OF THE CENTER. 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. THE CENTER CURRENTLY EVALUATES ALL TAX POSITIONS, AND MAKES A DETERMINATION REGARDING THE LIKELIHOOD OF THOSE POSITIONS BEING UPHELD UNDER REVIEW. 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 2007 ARE NO LONGER SUBJECT TO EXAMINATION BY TAX AUTHORITIES. 0 0 0 0 0 0 0 SOUTH ASIA FINANCIAL SUPPORT FOR MONKS AND NUNS AND OPERATING COSTS OF THE MONASTERIES 34400 WIRE TRANSFERS AND CHECKS 0 FMV 1 0 0 0 0 0 0 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 PART XII, LINE 2C EXPLANATION THE BOARD OF DIRECTORS OVERSEES THE REVIEW PROCESS AND TO APPOINTS THE INDEPENDENT ACCOUNTANTS.