Mongolian Asia Reach Inc
- Assets
- $389.4k
- Revenue
- $306.5k
- Investments
- $0.0
- Employees
- 3
- Location
- Pisgah Forest, NC
- Founding
- 11/2004
- Data as of
- 12/2023
- EIN
- 56-2274266
Organization Overview
Mongolian Asia Reach Inc is located in Pisgah Forest, NC. The organization was established in 2004. According to its NTEE Classification (P70) the organization is classified as: Residential Care & Adult Day Programs, under the broad grouping of Human Services and related organizations. As of 12/2023, Mongolian Asia Reach Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mongolian Asia Reach 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 12/2023, Mongolian Asia Reach Inc generated $306.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $214.7k during the year ending 12/2023. While expenses have increased by 2.3% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR WORK IS DONE IN ULAANBAATAR, MONGOLIA. WE OFFER PRACTICAL HELP AND HOPE TO VULNERALBE CHILDREN IN THE FORMS OF MEDICAL TREATMENT, HOUSING, AND EDUCATION. OUR FOCUS IS ORPHANED AND ABANDONED CHILDREN, CHILDREN WITH SPECIAL NEEDS, AND THOSE IN IMPOVERISHED, DESPERATE SITUATIONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
1.THE CHILDRENS PLACE IS THE FIRST OF THREE PRIMARY PROGRAMS WE MAINTAIN IN MONGOLIA. OUR CHILDRENS PLACE IS A HOME OF HEALING FOR ORPHANED AND ABANDONED CHILDREN. WE HAVE 18 CHILDREN WE CURRENTLY PROVIDE CARE FOR IN A FAMILY ATMOSPHERE. THEY ARE AT RISK BECAUSE OF THEIR DISRUPTED OR LOSSED FAMILY RELATIONSHIPS. WE HAVE PROVIDED ON-GOING CARE FOR CHILDREN SINCE 2003. WE DO FACILITATE FAMILY RESTORATION AND ADOPTION WHENEVER POSSIBLE
(2)REACHING THE LIGHT DEVELOPMENTAL CENTER - A SECOND PROGRAM IS THE REACHING THE LIGHT DEVELOPMENTAL CENTER WHICH HAS TAKEN UP THE CAUSE OF CHILDREN WHO HAVE SPECIAL NEEDS AND DISABILITIES. WE SERVE ALL CHILDREN WITH THESE NEEDS BUT OUR TARGET AREA ARE FAMILIES LIVING IN REMOTE RURAL AREAS IN THE MONGOLIAN COUNTRYSIDE. WE TRAIN PARENTS, HOLD EDUCATIONAL SEMINARS FOR HEALTHCARE WORKERS, HOLD SCREENING CLINICS, AND WORK DIRECTLY WITH CHILDREN PROVIDING EDUCATION AND THERAPY SERVICES. THROUGHOUT THE YEAR WE HAVE ABOUT 300 TO 350 CHILDREN AND HEALTH CARE PROFESSIONALS THAT WE INTERACT WITH AND PROVIDE SERVICE
(3)HAPPY DAYS AND BRIGHT FUTUREFINALLY, WE HAVE TWO MINI-PROGRAMS THAT SERVE VULNERABLE CHILDREN IN AFTER-SCHOOL SETTINGS. HAPPY DAYS AND BRIGHT FUTURE WORK WITH VULNERABLE CHILDREN FROM DIFFICULT FAMILY SETTINGS AND WHO EXPERIENCE ACADEMIC CHALLENGE AND/OR FAILURE. OUR HOPE IS TO SEE THESE CHILDREN THROUGH, ONE-ON-ONE TUTORING, IMPROVE ACADEMICALLY AND TO FIND OUR PROGRAMS A SAFE, LOVING ENVIRONMENT WHICH THEY OFTEN LACK. WE DESIRE TO WORK DIRECTLY WITH THEIR PARENTS TO EDUCATE THEM AND TO ENCOURAGE THEM REGARDING THE NEEDS OF THEIR CHILDREN. IN TOTAL, WE SERVE ABOUT 35-40 CHILDREN AND THEIR PARENTS MONTHLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Bill Logan Jr Board Member | Trustee | 1.5 | $0 |
Dr Nancy Jones Board Member | Trustee | 1.5 | $0 |
Randle Weeks Board Member | Trustee | 1.5 | $0 |
Elise Sampson Secretary | OfficerTrustee | 1.5 | $0 |
Theresa R Browning President | OfficerTrustee | 50 | $0 |
Margaret Stone Vice President | OfficerTrustee | 50 | $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 | $306,547 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $306,547 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $306,547 |
| 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 | $0 |
| 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 | $112,041 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,071 |
| Payroll taxes | $8,513 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $63 |
| Fees for services: Accounting | $2,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $424 |
| Advertising and promotion | $0 |
| Office expenses | $238 |
| Information technology | $366 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,082 |
| 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 | $6,679 |
| Total functional expenses | $214,693 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $173,331 |
| Savings and temporary cash investments | $0 |
| 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 | $216,093 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $389,424 |
| Accounts payable and accrued expenses | $2,296 |
| 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 | $2,296 |
| Net assets without donor restrictions | $0 |
| 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 | $387,128 |
| Total liabilities and net assets/fund balances | $389,424 |