KCC's Financial Resources

On August 4th, The Strategic Planning Committee hosted the final of four focus groups--this one on the financial resources that support KCC.  The committee put out some valuable financial documents during the meeting, and those are reproduced below.  The first table shows our current operating costs based on the 2012 budget.   It includes all the costs associated with the Portland and Goldendale facilities and the revenues generated by retreats, bookstore, and rent, but not capital costs associated with completing construction on the long-retreat cloister.

 KCC's Operating Costs

How do we pay the bills? Each year the KCC bookstore generates about $1,700, and retreats contribute another $46,000 toward our overhead. KCC receives $6,000 in rent from the urban center residents, and we earn about $150 in interest on the money we have in the bank.  Based on our current revenue and expenses, it would take 100 people giving $78.00 per month to cover the rest of KCC’s core operating costs.

	Portland	Goldendale
Lama’s Salary & Benefits	$41,810
Caretakers’ Stipend & Benefits		$29,825
Facilities & Vehicles	$17,080	$26,050
Utilities, maintenance, insurance, taxes
Office & Administration Expense	$5,020	$1,230
Volunteer Insurance	$1,700	$3,570
Connecting with the Lineage	$6,250
Lama travel to India, hosting visiting teachers, support to Bokar Monastery
Legal & Bookkeeping Fees	$6,000
Committee Budgets	$3,900	4,500
Total	$81,760	$65,175
GRAND TOTAL	$146,935

 Hypothetical Future Operating Costs

The second table is a hypothetical using very rough (and modest) numbers to illustrate the increased costs of owning a new urban center.  The figures aren't an attempt to project actual costs, but placeholders.  We didn't know whether we'd be hiring more teaching staff or operational staff (maintenance, office, volunteer coordinator, executive director), but it seemed likely that we'd have some new staff.  The figures on mortgage and new operating costs are likewise just placeholders--it's easy to think of scenarios where the cost is more or less depending on the fundraising we do before acquiring a center and the size of the new center we acquire.  Using these very rough figures, the per-member monthly costs rise to $160 on those same 100 people.  As (or more importantly if) the sangha grew, the per-person costs would drop--$107/month at 150 people, and $80/mo with 200 people. 

	Portland	Goldendale
Lama’s Salary & Benefits	$41,810
Caretakers’ Stipend & Benefits		$29,825
New Staff or Teaching Position Salary, payroll taxes, and benefits Facilities & Vehicles	$45,000 $17,080	$26,050
Utilities, maintenance, insurance, taxes
$500,000 Mortgage on New Center New Center Operating Costs Utilities, maintenance, insurance Office & Administration Expense	$30,400 $24,000 $5,020	$1,230
Volunteer Insurance	$1,700	$3,570
Connecting with the Lineage	$6,250
Lama travel to India, hosting visiting teachers, support to Bokar Monastery
Legal & Bookkeeping Fees	$6,000
Committee Budgets	$3,900	4,500
Total	$181,160	$65,175
GRAND TOTAL	$246,335