Like most spiritual communities, IMCC is financially supported by its members. IMCC has an annual budget of $50-55,000 per year. The majority of our
income comes from donations and our expenditures fall into two broad
categories: teacher dana and institutional maintenance. This overview of our finances was prepared by the IMCC Finance Committee to provide background on IMCC's finances in general and on how individuals can financially contribute to IMCC. If you have any questions, please let us know: email@example.com.
Donations include contributions received at regular intervals from IMCC members on Tuesday nights, donations mailed or electronically transferred to IMCC, and contributions made during our annual fundraising drive.
Teacher Dana is the compensation provided to teachers which allows them to continue transmitting the Dharma. We have a budgeted allocation for our regular teachers set by the Board of Directors and administered by the Guiding Teacher’s Council.
Institutional Maintenance: Roughly $35,000 per year is needed to fund the infrastructure required to maintain IMCC as an institution. This includes staff salaries for our Operations Director and Accountant, our website system, insurance, professional membership fees, various financial tools such as PayPal, Square and Quickbooks, honorarium for guest teachers, printing and publicity, and scholarships. In years prior (and likely in the future) we also pay for rental of space for our weekly gatherings. Further details are provided below.