Tassel Inc
- Assets
- $195.6k
- Revenue
- $593.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Manhattan Beach, CA
- Founding
- 11/2012
- Data as of
- 12/2021
- EIN
- 46-0825424
Organization Overview
Tassel Inc is located in Manhattan Beach, CA. The organization was established in 2012. According to its NTEE Classification (Q20) the organization is classified as: Promotion of International Understanding, 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. Tassel Inc 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, Tassel Inc generated $593.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 30.7% each year . All expenses for the organization totaled $560.2k during the year ending 12/2021. While expenses have increased by 32.8% 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
TO PROVIDE CONTINUOUS, HIGH QUALITY ENGLISH EDUCATION AND OTHER SUSTAINABILITY SERVICES TO THE UNDERSERVED IN RURAL CAMBODIA, AS WELL AS TO NURTURE AND TRANSFORM HEARTS OF ALL INVOLVED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FREE ENGLISH LESSONS: DAILY ENGLISH CLASSES WERE PROVIDED TO 2800 STUDENTS IN 7 RURAL CAMBODIAN VILLAGES (BANAN, JEEPAN,KAMPONG PUOY, RATTINAK, ROKA, SAMLOT, SAMRANG). IN ADDITION ENGLISH TRAINING WAS PROVIDED TO ALL 41 LOCAL TEACHING STAFF. APPROXIMATELY 800 UNPAID INTERNATIONAL VOLUNTEERS PARTICIPATED IN HELPING TEACH WRITING, READING, LISTENING, SPEAKING, GRAMMAR AND PHONICS.
FOOD AND MEDICAL AID: APPROXIMATELY 6400 FAMILIES (ABOUT 16,000 INDIVIDUALS) WERE PROVIDED RICE. MANY ALSO WERE PROVIDED ADDITIONAL FOOD - CANNED FISH, FISH SAUCE AND SOY SAUCE. THE SCALE OF FOOD AID PROVIDED IN 2021 WAS ABOUT 5X THAT OF A NORMAL YEAR AND EVEN HIGHER THAN IN 2020 DUE TO EXTREME CONDITIONS EXACERBATED BY PROLONGED COVID AND A DROUGHT. FOOD AID PROVIDED IN 2021 WAS $210,150 VS. $158,906 IN 2020. IN ADDITION, 10 PERSONS WERE GIVEN MEDICAL AID. TASSEL TEACHERS TOOK THE SICK TO APPROPRIATE DOMESTIC MEDICAL CENTERS AND PAID FOR THEIR HOSPITAL BILLS AS WELL AS TRAVEL AND MEAL EXPENSES. IN NORMAL YEARS THOSE WITH SERIOUS ILLNESSES ARE TAKEN TO THAILAND FOR DIAGNOSIS AND TREATMENT. HOWEVER, DUE TO COVID THE THAI BORDER HAS REMAINED CLOSED SINCE EARLY 2020 AND TASSEL COULD NOT ADDRESS THOSE WITH SERIOUS ILLNESSES IN 2021. FOR THIS REASON, MEDICAL AID PROVIDED IN 2021 WAS $6,354 VS $18,535 IN 2020. AS IN ALL YEARS, ALL PERSONS WHO RECEIVED FOOD AND MEDICAL AID IN 2021 WERE PRE-SCREENED CAREFULLY THROUGH FAMILY VISITS AND CONFIRMED BEFOREHAND THAT AID WAS CRITICAL.
CHILDREN AND FAMILY SPONSORSHIPS: 41 FAMILIES (160 PERSONS) WERE PROVIDED MONTHLY CASH SUPPORT BY SPECIFIC SPONSORS. CASH WAS HAND-DELIVERED MONTHLY AND PICTURES OF THE EACH DELIVERY WERE PROVIDED TO EACH SPONSORING DONOR. SOME SPONSORS ALSO PROVIDED EXTRA FOOD SUPPORT DUE TO HEIGHTENED FOOD NEEDS BROUGHT ON BY COVID. SPONSORED FAMILIES ARE THE POOREST AMONG TASSEL'S AID RECIPIENTS AND WERE SELECTED THROUGH EXTENSIVE INTERVIEWS. THEIR SITUATION IS REVIEWED MONTHLY THROUGH VISITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joji Tatsugi President | OfficerTrustee | 40 | $0 |
Ray Kim Director | Trustee | 10 | $0 |
Ella Kim Director | Trustee | 10 | $0 |
Leslie Kim Director | Trustee | 10 | $0 |
Stephen Kim Director | Trustee | 10 | $0 |
Gary Kim Treasurer | Trustee | 10 | $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 | $593,548 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $593,548 |
| Total Program Service Revenue | $0 |
| Investment income | $102 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $593,650 |
| 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 | $283,511 |
| 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 | $2,993 |
| 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 | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $13,916 |
| Royalties | $0 |
| Occupancy | $28,172 |
| Travel | $2,117 |
| 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 | $0 |
| Total functional expenses | $560,236 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $138,755 |
| Savings and temporary cash investments | $56,805 |
| 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 | $195,560 |
| 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 | $195,560 |
| 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 | $195,560 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Tassel Inc has recieved totaling $86,659.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: INTERNATIONAL, FOREIGN AFFAIRS | $70,880 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $14,879 |
Liferay Foundation Diamond Bar, CA PURPOSE: POOR EMPOWERMENT | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Center For Cultural And Technical Interchange Between East And West Honolulu, HI | $41,195,772 | $24,967,450 |
Kiva Microfunds San Francisco, CA | $253,233,825 | $14,808,996 |
International House Berkeley, CA | $36,872,790 | $2,968,814 |
Recycle For Change Richmond, CA | $3,066,281 | $4,293,998 |
Pacific Links Foundation Milpitas, CA | $2,594,773 | $3,090,471 |
Pacific Forum International Honolulu, HI | $6,096,181 | $2,665,542 |
The Institute For Middle East Understanding Tustin, CA | $2,845,946 | $2,453,832 |
Global Exchange San Francisco, CA | $815,734 | $1,489,925 |
Pad Project Los Angeles, CA | $866,439 | $677,983 |
Japan Society Of Northern California San Francisco, CA | $1,390,301 | $1,038,332 |
Us-Mexico Border Philanthropy Partnership San Diego, CA | $1,940,625 | $2,938,495 |
Auroville International Usa Sacramento, CA | $135,767 | $659,080 |