Tserings Fund
- Assets
- $683.1k
- Revenue
- $510.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Gallatin Gateway, MT
- Founding
- 06/2009
- Data as of
- 12/2021
- EIN
- 26-2077860
Organization Overview
Tserings Fund is located in Gallatin Gateway, MT. The organization was established in 2009. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tserings Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Tserings Fund generated $510.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $339.1k during the year ending 12/2021. While expenses have increased by 16.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE OUR WEBSITE: WWW.TSERINGSFUND.ORG
Describe the Organization's Program Activity:
Part 3 - Line 4a
TUITION AND EXPENSES FOR THE EDUCATION OF POOR NEPALI CHILDREN.
EARTHQUAKE RELIEF
TUITION AND EXPENSES FOR THE EDUCATION OF POOR NEPALI CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter J Schmieding President | OfficerTrustee | $0 | |
Tsering Dholkar Lama Director | Trustee | $0 | |
Pem Dorjee Sherpa Director | Trustee | $0 | |
Mary Grace Wilkus Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $489,880 |
| Noncash contributions included in lines 1a–1f | $99,899 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $489,880 |
| Total Program Service Revenue | $0 |
| Investment income | $12,374 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,251 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $510,505 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $322,322 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,875 |
| Fees for services: Other | $14,690 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $243 |
| Total functional expenses | $339,130 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $683,143 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $683,143 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $683,143 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $683,143 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Tserings Fund has recieved totaling $18,454.
| Awarding Organization | Amount |
|---|---|
The Community Foundation For Northeast Florida Inc Jacksonville, FL PURPOSE: GENERAL OPERATING | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: INTERNATIONAL, FOREIGN AFFAIRS | $7,600 |
Edward A St John Foundation Inc Baltimore, MD PURPOSE: TO FURTHER EXEMPT PURPOSE | $750 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $104 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Luke Commission Inc Sagle, ID | $15,926,571 | $20,745,366 |
Life Line Of Hope A Non-Profit Kalispell, MT | $1,516,039 | $2,379,341 |
Hands Of Hope Northwest Inc Nampa, ID | $2,825,926 | $2,376,138 |
Genesis Community Health Inc Garden City, ID | $2,073,778 | $2,194,478 |
New Hope Uganda Ministries Inc Belle Fourche, SD | $976,388 | $1,466,390 |
Restoring Hope Nepal Victor, MT | $28,458 | $689,017 |
Mercy In Action Vineyard Inc Boise, ID | $1,748,464 | $1,022,204 |
Little Sisters Fund Inc Ketchum, ID | $3,100,059 | $809,332 |
Provision International Inc Billings, MT | $2,263,104 | $1,480,499 |
Ghana Make A Difference Inc Star, ID | $608,496 | $1,090,860 |
Faith Alive Usa Inc Missoula, MT | $143,332 | $529,765 |
City Of Refuge Sioux Falls, SD | $97,325 | $386,707 |