Bodhi Buddharealm Society

“All 3 directors reviewed form 990 and year-end financial reports, including profit and loss, balance sheet, & loan payable schedules.”

“The organization used quickbooks to record all daily transactions related to donations and expenses that upkeep religious exempt functions for the organization. The organization also used quickbooks to record rental income and expenses. The hard copies and records of expenses such as cancelled checks, deposit slipts, receipts, bills, etc. Are kept for many years.”

“All directors and officers worked voluntarily and provided services for the organization without paid compensation.”

“All directors and officers worked voluntarily and provided services for the organization without paid compensation.”

“We used standard reports of profit and loss and balance sheet to prepare this section.”

“Part viii, line 6a - 6c, the organization acquired a new property located on 3412 westminster ave, santa ana ca 92703. During 2022, the property operated as a swapmeet, which the organization collected rental income and paid related expenses. Because the property was acquired with a debt, the organization calculated unrelated business income based on debt/adjusted basis ratio according to section 512(b)(4) and 514. The organization also attached form 990-t to report the unrelated business income from the rental income accordingly.”

“Cleaning expense 5000. 0. 5000. 0.”

“Internet & telephone 9862. 0. 9862. 0.”

“License & permits 6610. 0. 6610. 0.”

“Property tax 1011. 0. 1011. 0.”

“TRASH 2745. 0. 2745. 0.”

“Utilities 29667. 0. 29667. 0.”

“Misc expense 5077. 0. 5077. 0.”

“Event food 32702. 0. 0. 32702.”

“Professors 40500. 40500. 0. 0.”

“Monks teachers - buddhism class 8200. 0. 8200. 0.”

“Monks stipends 8000. 0. 8000. 0.”

“Contracted services 11150. 0. 11150. 0.”

“Dues and subscriptions 11622. 0. 11622. 0.”

“Equipment lease 1888. 0. 1888. 0.”

“Professional fees 53029. 0. 53029. 0.”

“Repair & maintenance 33968. 0. 33968. 0.”

“Software expense 4578. 0. 4578. 0.”

“Management fees 800. 0. 800. 0.”

“Telephone 953. 0. 953. 0.”