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Nominal Revisions to the Bala Vihar Fee Structure
Effective Academic Year 2006-2007
Click here to proceed to Bala Vihar Registration
1. Rationale for the Revisions
As many of you are aware, the size of Chinmaya Mission San Jose's community and its activity have grown by leaps and bounds over the last few years. While the needs of our community continues to grow at a scorching pace, our infrastructure and the wherewithal to augment it have not kept pace. (It may be pertinent to note here that our fee structure has remained unchanged for over 5 years). Our discourses and pujas are frequently overcrowded. Finding extra space (at affordable rates) for our Bala Vihar programs – all of which are conducted currently at rented facilities - to grow into has been a perennial challenge. And what is perhaps more disconcerting, if current demographic trends of the Indian Community in the Bay Area are anything to go by, there will likely be no let up in this torrid pace of growth in the foreseeable future.
The solution is two-fold:
a) acquire a new facility of our own to serve the community’s needs better, and
b) rent larger facilities for our programs and events in the interim
We Need Your Help to Serve You Better
There can be no love, Swami Chinmayananda eloquently said, without giving. To help us serve you better, we are asking you to give us just a little bit more, to make that extra bit of sacrifice.
We hope you will understand and continue to support us the way you have all these years.
2. Key Considerations for the Revisions
Chinmaya Mission San Jose established the following key guidelines for the revisions to the fee structure:
1. Minimize inconvenience to Bala Vihar Parents.
2. Make revisions equitable and rationalize the Bala Vihar fee structure.
3.
Enhance the cash flow
stream for the
3. The Revised Fee Structure
Members:
Annual Membership Fee: $200 ($100 increase from prior years. After tax increase could be lower - pl. see Section 4 and consult your tax advisor)
Bala Vihar Fee: $200 for up to 2 units; $300 for 3 units or higher (no change from prior years)
Sponsors:
Annual Membership Fee: $500 (no change from prior years)
Bala Vihar Fee: $50 for 2 up to units; $100 for 3 units or more ($50 - $100 increase from prior years)
4. Tax Deductibility
Guidelines*
In the registration confirmation email, CMSJ will send an
estimate of the value of goods and services provided.
CMSJ has sought and received renewed professional advice on the tax deductibility of the various fees paid by its Sponsors and Members. As a result, tax deductibility guidelines have been revised as follows:
Members:
Case I:. Enrollment in up to 2 units:
1. $190 out of the $200 annual membership fee may be tax deductible (CMSJ Estimate of Value of Goods and Services provided for the membership fee: $10 for Tej).
2. No part of the Bala Vihar Fee ($200) is tax deductible.
Case II:. Enrollment in 3 units or more:
1. $190 out of the $200 annual membership fee may be tax deductible (CMSJ Estimate of Value of Goods and Services provided for the membership fee: $10 for Tej).
2. No part of the Bala Vihar Fee ($300) is tax deductible.
Sponsors:
Case I:. Enrollment in up to 2 units:
1. $300 out of the $500 annual sponsorship fee may be tax deductible. (CMSJ Estimate of Value of Goods and Services provided for the membership fee: $50 for Mananam; $150 for the discount in Bala Vihar Fee provided to Sponsors over the comparable fee for Members).
2. No part of the Bala Vihar Fee ($50) is tax deductible.
Case II:. Enrollment in 3 units or more:
1. $250 out of the $500 annual sponsorship fee may be tax deductible. (CMSJ Estimate of Value of Goods and Services provided for the membership fee: $50 for Mananam; $200 for the discount in Bala Vihar Fee provided to Sponsors over the comparable fee for Members).
2. No part of the Bala Vihar Fee ($100) is tax deductible.
* Not meant to be tax advice. Please consult a tax advisor for an estimate of tax deductions that apply to you.