Retreats and Online Programming
At the Retreat Center we had thirty seven (37) residential retreats scheduled for the RC, two of which were moved to online due to COVID. These retreats included Teen, Monastic, BIPOC, Women, LGBTQAI, Latinx, and Monastic retreats. Some were offered for experienced meditators, and most were open to all.
The Forest Refuge offered residential retreats all year, including four (4) themed month-long retreats.
IMS’ online division held forty seven (47) online programs, and held regular online book club meetings.
Financial results of operations
Total operating expenses for the year (which includes depreciation) were $7,102,138. Revenues from registrations for retreats covered 48% of our expenses; the rest came from contributions and investment income. Clearly, IMS continues to rely heavily on donations to keep rates affordable and to sustain operations.
The following revenue and expense information is derived from our audited financial statement.
Operating revenue (not including investment income)
- Retreat registration revenue: $3,390,070
- Contributions: $2,457,847
- Sales, misc. & bank interest: $135,956
Total operating revenue: $5,983,873*
Operating expenses (including depreciation)
- Program services: $6,092,109
- Management & general: $628,802
- Development & outreach: $381,227
Total operating expenses: $7,102,138*
Result of operations: ($1,118,265)**
* Includes donations received for and paid to teachers.
** The operational deficit was covered by the budgeted investment draw and by prior years’ accumulated operating surplus.
Please direct any feedback to Executive Director Inger Forland at ingerf@dharma.org.
