Teresa Charities Inc
- Assets
- $436.2k
- Revenue
- $188.9k
- Investments
- $0.0
- Employees
- 1
- Location
- Portland, OR
- Founding
- 05/2004
- Data as of
- 12/2021
- EIN
- 77-0625836
Organization Overview
Teresa Charities Inc is located in Portland, OR. The organization was established in 2004. According to its NTEE Classification (P84) the organization is classified as: Ethnic & Immigrant Centers, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Teresa Charities 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, Teresa Charities Inc generated $188.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (20.8%) each year. All expenses for the organization totaled $343.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (13.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Teresa Charities Inc has awarded 18 individual grants totaling $308,070. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
HUMANITARIAN AID ORGANIZATION PROVIDES HUMANITARIAN AID TO VIETNAMESEE WITHIN THE UNITED STATES AND ABROAD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DIRECT SUPPORT TO UNDRESERVED AND UNDERPRIVILEDGED VIETNAMESE WITHIN THE UNITED STATES OF AMERICA AND ABROAD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deacon An Thanh Vu Exec Director & President | OfficerTrustee | 20 | $0 |
Loan Nguyen Director | OfficerTrustee | 20 | $0 |
Ngoan Nguyen Treasurer | OfficerTrustee | 2 | $0 |
Kim Viet Ngo Vice President | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $15,578 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $148,289 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $163,867 |
| Total Program Service Revenue | $0 |
| Investment income | $1 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,544 |
| 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 | $18,469 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $188,881 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,300 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $248,179 |
| 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 | $1,424 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $15,741 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $29,953 |
| Travel | $7,236 |
| 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 | $10,586 |
| Insurance | $5,797 |
| All other expenses | $14,655 |
| Total functional expenses | $343,871 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $73,155 |
| Savings and temporary cash investments | $9,572 |
| 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 | $62,897 |
| Prepaid expenses and deferred charges | $5,653 |
| Net Land, buildings, and equipment | $284,892 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $436,169 |
| Accounts payable and accrued expenses | $3,755 |
| 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 | $3,755 |
| Net assets without donor restrictions | $432,414 |
| 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 | $436,169 |
Grants Awarded
Over the last fiscal year, Teresa Charities Inc has awarded $0 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
JIM PITTMAN | | | $0 |
YSABEL SAN PEDRO SCHULD | | | $0 |
JOSE GONZALEZ | | | $0 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Teresa Charities Inc has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
The Van Kim Llta Nguyen Family Foundation Inc Family Foundation Inc San Diego, CA PURPOSE: OPERATION COST | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oregon Child Development Coalition Inc Wilsonville, OR | $28,783,372 | $65,489,891 |
Inspire Development Centers Sunnyside, WA | $19,151,980 | $52,957,422 |
Jewish Family Service Of San Diego San Diego, CA | $73,669,402 | $44,946,146 |
Irco Portland, OR | $15,349,691 | $38,248,192 |
Community Council Of Idaho Inc Caldwell, ID | $15,224,292 | $27,866,026 |
Immigrant Legal Resource Center San Francisco, CA | $41,145,285 | $25,991,729 |
Chief Seattle Club Seattle, WA | $37,888,241 | $27,843,318 |
Northwest Indian Colleges Bellingham, WA | $24,688,923 | $18,653,496 |
Latino Network Portland, OR | $14,141,237 | $24,219,823 |
International Institute Of Los Angeles Los Angeles, CA | $9,181,850 | $14,413,283 |
United American Indian Involvement Los Angeles, CA | $19,669,304 | $14,688,054 |
Koreatown Youth And Community Center Inc Los Angeles, CA | $5,959,356 | $13,191,369 |