Annual Report 2017
Despite rocky roads and troubled waters, with your help, we had a great year.
Despite rocky roads and troubled waters, with your help, we had a great year.
The best laid plans…. Our plans for 2017 were wrecked by storms. In its wake, a record breaking year emerged with a stronger community and rebuilding often improving what was before.
Because of the kindness of community members like you, we’re building a whole new foundation with which to cultivate our inner selves. In 2016 we formed the plan to upgrade our entire infrastructure, from electric, to water, to communications. In 2017, we broke ground…
Thanks to contributors like you, we were able to secure essential funding to get future buddhas and bodhisattvas here safely.
From the power of youth to the lessons of aging, we had a lot to explore and say this past year. See some of our blog’s 2017 highlights:
Mother Nature has a habit of showing us that we are not invincible and that everything we build and strive for is impermanent.
Catherine Slocock speaks to leaders from our Wise Heart Youth program about the intersection of Buddhism and childhood education.
See what Lennie Kronisch has to say about these challenging times.
From the power of youth to the lessons of aging, we had a lot to explore and say this past year. See some of our blog’s 2017 highlights:
Nature We helped people experience 205,560 hours of the peace, serenity, and inherent mindfulness of the natural world.
We installed 27,765 ft of water, gas, communication and electrical piping in incredibly difficult mountainous terrain.
In 2017 we got to work preparing a great retreat calendar for 2018, and we are so excited to watch it pay off!
Internet access is very limited at Vajrapani Institute, and that is also a good thing!
Our Wise Heart Youth Program was a great time in 2017.
This summer, we had to evacuate 75 people due to a forest fire. Everyone and everything was safe!
Our Staff are the pillars of this community. They fulfill all the necessary functions of a busy retreat center. But it’s the spirit of harmony that shines brightest.
The Executive Director is responsible for managing and supervising the finances of Vajrapani Institute, as directed by its Board of Directors.
Vajrapani Institute receives revenue and support primarily through donor contributions and retreat revenue. Retreat revenue consists of FPMT retreats, individual private retreats, and group facility rentals. For the year ended December 31, 2017, total revenue and support was $1,465,718, consisting of retreat revenue of $345,591, donor contributions of $1,080,832, and other support of $39,295.
For the year ended December 31, 2017, total operating expenses were $712,805, other expenses, net were $56,918, resulting in an increase in net assets of $695,995.
During 2017, Vajrapani Institute invested $575,533 in property and equipment improvements, including upgrading the center’s electrical system and other utilities ($416,212), storm and road repairs ($61,347), and continued planning work on the Prayer Wheel Project ($11,099).
Temporarily restricted net assets at December 31, 2017 consist of donor restricted funds for the Prayer Wheel Project ($25,408), Storm Relief ($10,977), Road Repairs ($14,392) and the Wisdom Culture Legacy Fund ($47,111).
Vajrapani Institute is affiliated with the Foundation for the Preservation of the Mahayana Tradition www.FPMT.org