Tearfund Usa Inc
- Assets
- $1.7m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 14
- Location
- Clarksburg, MD
- Founding
- 12/2018
- Data as of
- 03/2023
- EIN
- 83-1116586
Organization Overview
Tearfund Usa Inc is located in Clarksburg, MD. The organization was established in 2018. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 03/2023, Tearfund USA Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tearfund USA 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 03/2023, Tearfund USA Inc generated $3.9m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 35.5% each year . All expenses for the organization totaled $2.7m during the year ending 03/2023. 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
TO END POVERTY AND INJUSTICE, AND TO RESTORE DIGNITY AND HOPE IN THE WORLD'S POOREST COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MOBILIZATION AND ADVOCACY: TEARFUND USA HOSTED PASTOR AND LEADER GATHERINGS TO EXPLORE THEMES OF JUSTICE AND ACTION AROUND GENDER EQUITY, RACIAL EQUALITY, AND CLIMATE JUSTICE. THIS INVOLVED EVENTS WITH 20+ CHURCHES INVITING LEADERS TO TAKE FURTHER ACTION WITH STUDIES, SIGNING PETITIONS, AND CONFERENCES. THE ORGANIZATION ALSO HOSTED THE JUSTICE CONFERENCE 2022 IN DENVER, COLORADO. THIS BROUGHT TOGETHER 440 INDIVIDUALS ON SIMILAR THEMES AND FOR SPIRITUAL RENEWAL. ADDITIONALLY, TEARFUND USA SENT A BOARD DIRECTOR AND CHURCH PARTNER TO JOIN A GLOBAL CLIMATE FORUM IN KENYA. TEARFUND USA ALSO LAUNCHED THE LIVE JUSTLY CURRICULUM VIA HARDCOPY AND E-BOOK, MAKING IT BROADLY AVAILABLE TO CHURCHES AND INDIVIDUALS.
CHURCH AND COMMUNITY TRANSFORMATION (CCT): IN PARTNERSHIP WITH TEARFUND (UK) AND OTHER NGOS, THE ORGANIZATION SUPPORTED CHURCH MOBILIZATION AND COMMUNITY TRANSFORMATION INITIATIVES IN CENTRAL AMERICA AND MALAWI. IN CENTRAL AMERICA, 1030 PEOPLE WERE REACHED AND 412 CHURCHES ENGAGED. IN MALAWI, 6 THEOLOGICAL COLLEGES AND 26 FACILITATORS WERE TRAINED, AND 704 CHURCHES ENGAGED. THE ORGANIZATION ALSO COLLABORATED ON A TRAINING FOR ANOTHER GLOBAL NGO, WHICH TOOK PLACE FOR THEIR FIELD STAFF AND PARTNERS IN KENYA; TRAINED ANOTHER NGO IN CAMBODIA; AND SUPPORTED CHURCH AND COMMUNITY TRANSFORMATION IN ASIA. TEARFUND USA'S GRANT ACTIVITY SUPPORTS THESE ACTIVITIES AROUND THE WORLD.
CONFLICT, CRISIS AND REFUGEES: THE ORGANIZATION MOBILIZED FINANCIAL SUPPORT IN RESPONSE TO KEY GLOBAL HUMANITARIAN EVENTS. THIS INCLUDED PARTNERING WITH ANOTHER NGO TO RAISE SUPPORT FOR UKRAINE; FUNDING HURRICANE RESPONSE IN PUERTO RICO; MOBILIZING SUPPORT FOR THE EARTHQUAKE IN TURKEY AND SYRIA, FLOODING IN PAKISTAN, ONGOING CRISES IN LEBANON, YEMEN, AND EAST AFRICA; AND MOBILIZING SUPPORT FOR PEACE IN THE DRC. TEARFUND USA'S GRANT ACTIVITY SUPPORTS THESE ACTIVITIES AROUND THE WORLD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Secretary | OfficerTrustee | 1 | $0 |
Name Not Listed President & CEO | OfficerTrustee | 40 | $144,912 |
Name Not Listed Treasurer | OfficerTrustee | 1 | $0 |
Name Not Listed Secretary (part Year) | OfficerTrustee | 1 | $0 |
Name Not Listed Chairman | OfficerTrustee | 4 | $0 |
Name Not Listed Director (part Year) | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $870,350 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,933,070 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,803,420 |
| Total Program Service Revenue | $48,298 |
| Investment income | $714 |
| 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 | $2,757 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,855,189 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $30,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $565,552 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $398,158 |
| Compensation of current officers, directors, key employees. | $27,871 |
| Compensation to disqualified persons | $1,410 |
| Other salaries and wages | $734,161 |
| Pension plan accruals and contributions | $29,099 |
| Other employee benefits | $170,912 |
| Payroll taxes | $97,473 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,043 |
| Fees for services: Accounting | $55,963 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $112,558 |
| Advertising and promotion | $72,260 |
| Office expenses | $58,986 |
| Information technology | $52,375 |
| Royalties | $0 |
| Occupancy | $39,288 |
| Travel | $164,714 |
| 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 | $19,560 |
| Insurance | $2,890 |
| All other expenses | $70,115 |
| Total functional expenses | $2,679,517 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $270,486 |
| Pledges and grants receivable | $1,300,012 |
| Accounts receivable, net | $2,070 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,583 |
| Prepaid expenses and deferred charges | $14,519 |
| Net Land, buildings, and equipment | $22,499 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $3,750 |
| Other assets | $97,912 |
| Total assets | $1,715,831 |
| Accounts payable and accrued expenses | $114,080 |
| Grants payable | $42,214 |
| 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 | $100,180 |
| Total liabilities | $256,474 |
| Net assets without donor restrictions | $93,175 |
| Net assets with donor restrictions | $1,366,182 |
| 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 | $1,715,831 |