For the Fiscal Year 2007A
(February 1, 2007 - December 31, 2007)

This report covers just 11 months of operations in 2007. This follows a simplifying change in the IMS fiscal year – from February 1-January 31 to the calendar year. We refer to this transition year as 'Fiscal Year 2007A' to distinguish it from the previous fiscal year (February 1, 2006 – January 31, 2007), which was referred to as 'Fiscal Year 2007'.

During the 11-month fiscal year 2007A, a total of 233 days of teacher-led courses were offered at the Retreat Center, and 334 days for personal retreats were offered at the Forest Refuge. 49 teachers, including four monks and a nun from the ordained sangha, taught the Buddha’s priceless teachings throughout this period. Retreat highlights included:

• Courses at the Retreat Center for specific groups: Women, People of Color, Teens, Young Adults (18-32 year olds), Families, New Students, and Experienced Students.
• Special focus courses at the Retreat Center: Metta (3), Jhanas and Monastic.
• Three courses at the Retreat Center were offered on a 'You Choose' fee basis, allowing retreatants to establish their own course fee. Beginning in July, up to five 'You Choose' fee spaces were offered at any given time for stays at the Forest Refuge.

2,101 individuals participated in retreats at IMS during this 11-month period. Some sat more than one retreat, yielding a total of 2,403 registrations. Pertinent information about those who sat at IMS is as follows:

• 64% were women, 36% were men
• 19% were under the age of 32 years
• 43% had never been to IMS before
• 31% received some form of financial assistance valued at $322,269
• Overall occupancy rate was 80%, representing modest growth from the previous year.

Financial Results of Operations

Total operating expenses for the year (before depreciation) were $2,702,607. Revenues from registrations for retreats covered just 47% of our expenses; the rest came from donations and investment income. Clearly, IMS relies 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 (before investment income)

Operating Expenses (before depreciation expense)

*Includes donations received for and paid to teachers.
**This operational deficit was covered by investment income.

Please direct any feedback to Bob Agoglia, IMS Executive Director, at boba@dharma.org.

Past Annual Reports

Fiscal Year 2007