Natural Dharma Fellowship

“Phil Malloy (Treasurer) and Susan Malloy (Director) are married. Don Kreling (Director) and Terri Kreling (Director) are married.”

“NDF had members who paid the membership fee as set by the Board of Trustees pursuant to the bylaws.”

“Candidates for election to the Board are nominated by a 2/3's vote of the Board, subject to the approval of the Spiritual Director.”

“We have local groups who meet weekly for Buddhist meditation and study in Cambridge MA, Philadelphia PA, and Springfield NH. We don't document any procedures for this, although NDF does have an official prayer book.”

“The Treasurer distributes a copy of this return (except for the Schedule B details) to all Board Directors for comment before filing the return.”

“We are a small organization with only a small number of transactions that could potentially be conflict of interest, so these transactions are all reviewed by the Board.”

“These documents are made available on request.”

“The other services were 1) Retreat teacher dana (voluntary donations from retreatants): $25,557 and honorarium (paid by NDF): $19,435, 2. Retreat cooks: $17,734, and 3. Stipends to assistant teachers at retreats: $1,350.”

“We changed from cash basis to accrual basis for two major reasons. First, many retreat payments are made months in advance of the actual retreat, and so it makes sense to record these as deferred revenue until the retreat takes place. This change was made for any payments made for 2017 retreats and beyond. Second, we had many multi-year pledges for the capital campaign. The entire multi-year pledges were recognized as revenue in 2016, and the uncollected portion shows up as accounts receivable.”