Tearfund Usa Inc
- Assets
- $366.1k
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 16
- Location
- Centennial, CO
- Founding
- 12/2018
- Data as of
- 03/2022
- EIN
- 83-1116586
Organization Overview
Tearfund Usa Inc is located in Centennial, CO. 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 03/2022, Tearfund USA Inc employed 16 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 03/2022, Tearfund USA Inc generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 30.2% each year . All expenses for the organization totaled $2.5m during the year ending 03/2022. 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
2022
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: IN PARTNERSHIP WITH TEARFUND, TEARFUND USA SERVES HUNDREDS OF CHURCHES AND THOUSANDS OF INDIVIDUALS IN THE US THROUGH EDUCATIONAL, DISCIPLESHIP, AND ADVOCACY PROGRAMS TO MOBILIZE ACTION, GIVING, PRAYER, AND LEARNING ADDRESSING POVERTY AND INJUSTICE. ADVOCACY EFFORTS THIS PAST YEAR WERE AROUND THE UN CLIMATE SUMMIT IN GLASGOW, SCOTLAND. WE JOINED THE GLOBAL CHURCH IN CALLING ON LEADERS AT THE MEETING TO MAKE COMMITMENTS TO PROTECTING FORESTS, REDUCING DEPENDENCE ON FOSSIL FUELS, AND FINANCE CLIMATE ADAPTATION. COLLECTIVELY THE GLOBAL TEARFUND ADVOCACY MOVEMENT COLLECTED OVER 22,000 SIGNATURES FROM OVER 26 NATIONS.
CHURCH AND COMMUNITY TRANSFORMATION (CCT): IN PARTNERSHIP WITH TEARFUND, TEARFUND USA MOBILIZED CHURCH AND COMMUNITY TRANSFORMATION, RESULTING IN THE RESOURCING, TRAINING AND SCALE-UP OF 1,750 CHURCHES AROUND THE WORLD. HIGHLIGHTS: IN BURKINA FASO, 20 CCT TRAINERS WERE TRAINED AND 10 NEW GROUPS FORMED, RESULTING IN THE LAUNCH OF 43 SAVINGS GROUPS (SG). IN SOUTHEAST ASIA, 95 CCT TRAININGS OCCURED AND 400 NEW CHURCHES WERE FORMED, IMPACTING 323 COMMUNITIES. IN GUATAMALA, CCT TRAININGS IMPACTED 83 FAMILIES, IMPROVING THEIR LIFESTYLE THROUGH THE CREATION OF POULTRY UNITS THAT GENERATE FOOD FOR THEIR FAMILIES IN CONDITIONS OF POVERTY, AND IN HONDURAS, 82 ENTREPRENEURS HAVE PARTICIPATED IN THE PROCESS OF PASTORAL AND ENTREPRENEURIAL TRAINING, AND HAVE FINALIZED THEIR BUSINESS PLANS WHICH ARE NOW READY TO RECEIVE THEIR SEED CAPITAL.
CONFLICT, CRISIS AND REFUGEES: TEARFUND USA AND OUR PARTNERS RESPONDED TO THE UNPRECEDENTED CRISIS OF REFUGEES AND DISPLACED PEOPLE BY MEETING THE EMERGENCY NEEDS OF COUNTRIES IN CRISIS SUCH AS UKRAINE AND ITS NEIGHBORING COUNTRIES: POLAND, ROMANIA AND SLOVAKIA. TEARFUND'S LOCAL PARTNERS HAVE BEEN WORKING RELENTLESSLY TO PROVIDE FOOD, SAFE WATER, SHELTER, AND TRAUMA COUNSELING TO THOSE FLEEING CONFLICT. IN RECENT YEARS, WE HAVE RESPONDED TO THE COVID-19 PANDEMIC, THE BEIRUT EXPLOSION AND SUPPORTED SYRIAN REFUGEES WHO HAVE RESETTLED IN LEBANON.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emily Sarmiento President & CEO | OfficerTrustee | 40 | $140,505 |
Jason Fileta Vice President | Officer | 40 | $101,756 |
Bryan Braswell Director Of Operations (part Year) | Officer | 40 | $93,000 |
Randy Newcomb Chairman | OfficerTrustee | 4 | $0 |
Clive Mather Chairman (part Year) | OfficerTrustee | 4 | $0 |
Latashia Satterfield Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $6,580 |
| Related organizations | $877,450 |
| Government grants | $205,900 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,332,034 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,421,964 |
| Total Program Service Revenue | $0 |
| Investment income | $336 |
| 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 | $725 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,424,892 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $25,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,032,355 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $395,514 |
| Compensation of current officers, directors, key employees. | $27,686 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $556,443 |
| Pension plan accruals and contributions | $9,853 |
| Other employee benefits | $80,981 |
| Payroll taxes | $67,781 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $220 |
| Fees for services: Accounting | $42,717 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $91,820 |
| Advertising and promotion | $38,958 |
| Office expenses | $15,399 |
| Information technology | $31,398 |
| Royalties | $0 |
| Occupancy | $33,127 |
| Travel | $54,957 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,824 |
| Interest | $2,282 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,754 |
| Insurance | $1,218 |
| All other expenses | $5,469 |
| Total functional expenses | $2,516,070 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $135,576 |
| Pledges and grants receivable | $179,900 |
| Accounts receivable, net | $1,368 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $175 |
| Prepaid expenses and deferred charges | $3,298 |
| Net Land, buildings, and equipment | $37,058 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $8,750 |
| Other assets | $0 |
| Total assets | $366,125 |
| Accounts payable and accrued expenses | $82,440 |
| 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 | $82,440 |
| Net assets without donor restrictions | $41,895 |
| Net assets with donor restrictions | $241,790 |
| 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 | $366,125 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Tearfund Usa Inc has recieved totaling $256,964.
| Awarding Organization | Amount |
|---|---|
Byers Family Foundation Edmond, OK PURPOSE: GENERAL OPERATIONS | $101,000 |
Christian Community Foundation Of Memphis And The Mid-South Inc Memphis, TN PURPOSE: PROGRAM SUPPORT | $55,000 |
One Days Wages Seattle, WA PURPOSE: SUPPORTING FARMERS IN MOZAMBIQUE | $40,026 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: POVERTY | $29,938 |
American Endowment Foundation Hudson, OH PURPOSE: GENERAL OPERATING SUPPORT | $25,000 |
First Fruit Inc Newport Beach, CA PURPOSE: FOR THE WORK IN AFGHANISTAN | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Catholic Charities Of Northeast Kansas Inc Overland Park, KS | $7,644,669 | $19,984,016 |
United Community Action Program Inc Pawnee, OK | $10,772,761 | $18,838,270 |
Community Action Agency Of Ok City & Ok Canadian Counties Inc Okc, OK | $7,076,135 | $17,912,554 |
Big Five Community Services Inc Durant, OK | $12,347,730 | $17,649,703 |
Psa Behavioral Health Agency Phoenix, AZ | $11,491,382 | $16,032,932 |
Lutheran Social Service Of Colorado Denver, CO | $5,962,454 | $15,365,278 |
Community Action Partnership Of Western Nebraska Gering, NE | $9,588,655 | $16,478,240 |
Springs Rescue Mission Colorado Springs, CO | $31,987,064 | $16,020,528 |
Blue Valley Community Action Inc Fairbury, NE | $9,711,299 | $13,458,848 |
Community Action Resource & Development Inc Claremore, OK | $9,458,062 | $13,145,718 |
Help-New Mexico Inc Albuquerque, NM | $3,897,481 | $13,740,956 |
Friends Of Switchpoint Inc St George, UT | $11,977,963 | $16,354,391 |