Tesoro Ministry Foundation Inc
- Assets
- $310.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Malibu, CA
- Founding
- 04/2001
- Data as of
- 12/2021
- EIN
- 77-0551036
Organization Overview
Tesoro Ministry Foundation Inc is located in Malibu, CA. The organization was established in 2001. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., 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. Tesoro Ministry Foundation 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, Tesoro Ministry Foundation Inc generated $153.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $154.1k during the year ending 12/2021. While expenses have increased by 5.1% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
SEE PRIMARY PURPOSE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ashley L Tesoro Vice President | 40 | $0 | |
Anthony J Tesoro President | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $152,978 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $152,978 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $392 |
| Salaries, other compensation, and employee benefits | $12,951 |
| Professional fees and other payments to independent contractors | $2,010 |
| Occupancy, rent, utilities, and maintenance | $7,599 |
| Printing, publications, postage, and shipping | $60 |
| Other expenses | $130,168 |
| Total expenses | $154,093 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $265,699 |
| Other assets | $0 |
| Total assets | $310,385 |
| Total liabilities | $14,907 |
| Net assets or fund balances | $295,478 |
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