Thai Village Inc
- Assets
- $398.2k
- Revenue
- $513.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Deerfield, WI
- Founding
- 10/2008
- Data as of
- 06/2023
- EIN
- 75-3240062
Organization Overview
Thai Village Inc is located in Deerfield, WI. The organization was established in 2008. According to its NTEE Classification (X12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thai Village 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 06/2023, Thai Village Inc generated $513.5k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 51.0% each year . All expenses for the organization totaled $501.2k during the year ending 06/2023. While expenses have increased by 54.2% per year over the past 4 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
THAI VILLAGE WAS ESTABLISHED TO PROVIDE VOCATIONAL TRAINING AND INCOME GENERATING WORK FOR THE LOW INCOME POPULATIONS IN NORTHERN THAILAND, WHILE ALSO CONNECTING THEM TO CHRISTIANS AND THE OPPORTUNITY TO HEAR THE GOSPEL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY DEVELOPMENT PROGRAM - LOCATED IN NORTHERN THAILAND AND FOCUSES ON VOCATIONAL DEVELOPMENT, FINANCIAL STEWARDSHIP TRAINING, DEBT RELIEF, BUSINESS CONSULTING, EDUCATION, AND HUMANITARIAN AID. 44 ARTISANS BENEFITED FROM THIS PROGRAM.
VOCATIONAL TRAINING PROGRAM - THAI VILLAGE PROVIDES DIGNIFIED WORK TO AT-RISK AND LOW-INCOME INDIVIDUALS. THE ARTISANS' INTERESTS, NEEDS, AND SKILLS ARE CONSIDERED AND MATCHED WITH AVAILABLE WORK. TRAINING TO MAKE HIGH-QUALITY PRODUCTS IS AN ESSENTIAL PART OF OUR VOCATIONAL TRAINING PROGRAM. THROUGH THIS PROGRAM, EACH ARTISAN IS ABLE TO EARN INCOME AND EXPAND THEIR ABILITY TO SUPPORT THEIR FAMILY. 51 ARTISANS AND 1 COMMUNITY GROUP BENEFITED FROM THIS PROGRAM
CHURCH LEADER SUPPORT PROGRAM - THAI VILLAGE SUPPORTS LOCAL THAI CHURCHES BY CONTRIBUTING TO OVERHEAD EXPENSES, WITH STIPENDS FOR EVANGELISTS AND CHURCH LEADERS, AND BY PARTNERING WITH THESE CHURCHES IN PROGRAMS AND OUTREACH EVENTS, SUCH AS CHRISTMAS AND VALENTINE'S DAY PARTIES, CHILDREN'S CARNIVALS, AND VBS PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Meister Executive Director | OfficerTrustee | 40 | $24,000 |
Nancy Huwe Board Secretary, Executive Director | OfficerTrustee | 10 | $0 |
Eric Duwe President Of The Board | OfficerTrustee | 2 | $0 |
Joyce Lehman Vice President | OfficerTrustee | 7 | $0 |
Ann Smith Board Member | OfficerTrustee | 2 | $0 |
David Mays Treasurer | OfficerTrustee | 2 | $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 | $418,744 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $418,744 |
| Total Program Service Revenue | $0 |
| Investment income | $34 |
| 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 | $94,705 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $513,483 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $8,123 |
| Grants and other assistance to Foreign Orgs/Individuals | $396,695 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $24,000 |
| Compensation of current officers, directors, key employees. | $8,000 |
| Compensation to disqualified persons | $24,000 |
| 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 | $0 |
| Fees for services: Other | $15,600 |
| Advertising and promotion | $4,022 |
| Office expenses | $8,171 |
| Information technology | $3,420 |
| Royalties | $0 |
| Occupancy | $7,310 |
| Travel | $3,097 |
| 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 | $2,404 |
| Insurance | $1,087 |
| All other expenses | $0 |
| Total functional expenses | $501,182 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $124 |
| Savings and temporary cash investments | $299,220 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,835 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,212 |
| Inventories for sale or use | $79,946 |
| Prepaid expenses and deferred charges | $600 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $12,285 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $398,222 |
| 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 | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $168,789 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $229,433 |
| Total liabilities and net assets/fund balances | $398,222 |