Ethioedir
- Assets
- $816.0k
- Revenue
- $251.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 12/2019
- Data as of
- 12/2021
- EIN
- 81-4205776
Organization Overview
Ethioedir is located in Seattle, WA. The organization was established in 2019. According to its NTEE Classification (Y22) the organization is classified as: Local Benevolent Life Insurance Associations, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ethioedir is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.
For the year ending 12/2021, Ethioedir generated $251.3k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 36.9% each year . All expenses for the organization totaled $196.2k during the year ending 12/2021. 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
THE ORGANIZATION'S PRIMARY EXEMPT PURPOSES INCLUDE: 1) PROVIDING FINANCIAL ASSISTANCE FOR FUNERAL SERVICES OR FOR TRANSPORTING THE BODY OF A MEMBER OF THE EDIR. 2) DISSEMINATING INFORMATION TO THE MEMBERS OF THE EDIR OF THE DEATH OF A MEMBER, 3) COORDINATING AND ASSIGNING THE TASKS ASSOCIATED WITH THE DEATH OF A MEMBER, 4) COMFORTING AND CONSOLING THOSE WHO HAVE LOST LOVED ONCE, AND 5) ENCOURAGING MEMBERS TO BE PRESENT IN THE MOURNING FOR CONSOLING THE SURVIVING FAMILY MEMBERS OF THE DECEASED MEMBER..
Describe the Organization's Program Activity:
Part 3 - Line 4a
ETHIOEDER PROVIDED FINANCIAL SUPPORT FOR FUNERAL EXPENSES, COMFORT AND CONSOLE THOSE WHO HAVE LOST LOVED ONES AND ESCORT THE FAMILY WHEN THEY TRANSPORT THEIR LOVED ONES TO THE FINAL RESTING PLACE. ETHIOEDER HAD AN AVERAGE NUMBER OF DEATHS AND BURIALS THAT PROVIDED AN AVERAGE AMOUNT OF FUNDING FOR THESE OPERATIONS.
ETHIOPIAN AMERICANS HAVE AN ELABORATE TRADITIONS ASSOCIATED WITH DEATH AND BEREAVEMENT. AS SOON AS THE DEATH NEWS IS ANNOUNCED, PEOPLE START GATHERING AT THE DECEASED HOME, COMMUNITY CENTER, OR CHURCH FACILITY TO COMFORT THE GRIEVING FAMILY. FOLLOWING THIS TRADITION, IN 2020, THE ETHIOEDIR SERVED SEVERAL DINNERS (FOOD AND DRINKS) FOR THE DECEASED FAMILIES AND FRIENDS.
IN ACCORDANCE WITH ARTICLE 4.1 OF THE ETHIOEDIR BYLAWS (THE GENERAL ASSEMBLY), THE MEMBERS WOULD BE CALLED TO DISCUSS THE AFFAIRS OF THE ORGANIZATION. IN 2021 GENERAL MEETING HASN'T BEEN CALLED BECAUSE OF COVID. THERE IS NO RELATED EXPENSE .
OTHER PROGRAM EXPENSES INCLUDE: 1) BAD DEBTS EXPENSE FOR MEMBERSHIPS CANCELLED DUE TO UNPAID MEMBERSHIP FEES ($18,940.00)
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mekonnen Tsegga President | Trustee | 8 | $0 |
Tadesse Minas Vice President | Trustee | 8 | $0 |
Tigest Billilign Board Member | Trustee | 8 | $0 |
Zuriash Majid Treasurer | Trustee | 8 | $0 |
Fekade Tessema Board Member | Trustee | 8 | $0 |
Fikru Diro Board Member | Trustee | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $251,280 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $251,280 |
| 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 | $251,280 |
| 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 | $170,794 |
| 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 | $2,920 |
| 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 | $3,489 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $196,155 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $714,676 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $101,311 |
| 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 | $815,987 |
| 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 | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $815,987 |
| Total liabilities and net assets/fund balances | $815,987 |
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