Tassel INC FY2022 filing

Tax-deductible

Manhattan Bch, CA501(c)(3)Since 2012InternationalEIN 46-0825424Revenue $631K in FY2022

On file with the IRStasselcambodia.org1632 5th St, 90266-6342 · Manhattan Bch, CATax-exempt since Nov 2012Publicly supported charity — 170(b)(1)(A)(vi)

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To provide continuous, high quality English education and other sustainability services to the underserved in rural Cambodia as well as to nurture and transform hearts of all involved.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $166K a year · 19% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 5.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $172K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$631K
+6% vs prior year
Spent
$568K
To programs
98%
Net assets
$259K
By yearFY2020–FY2025
Revenue
$631K
FY2022▲ +6%
Tap a bar for its year
Revenue by fiscal year
FY2020$467K
FY2021$594K
FY2022$631K
FY2023$722K
FY2024$962K
FY2025$1.8M
Expenses
$568K
FY2022▲ +1%
Tap a bar for its year
Expenses by fiscal year
FY2020$481K
FY2021$560K
FY2022$568K
FY2023$620K
FY2024$833K
FY2025$1.1M
Net assets
$259K
FY2022▲ +32%
Tap a bar for its year
Net assets by fiscal year
FY2020$162K
FY2021$196K
FY2022$259K
FY2023$361K
FY2024$490K
FY2025$1.2M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 2012.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $554K Management & general 2% · $14K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Tassel INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers English education and sustainability services to rural Cambodians, transforming lives.

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Provided by the organization

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3 programs · $554K · in their own filed words · FY2022
01

Free English Lessons

Daily English classes were provided to 2800 students in 7 rural Cambodian villages (Banan, Jeepan,Kampong Puoy, Rattinak, Roka, Samlot, Samrang). In addition English training was provided to all 39 local teaching staff.

$342Kprogram expense
02

Food and Medical Aid

Approximately 4000 families (about 10,000 individuals) were provided rice. Many also were provided additional food - canned fish, fish sauce and soy sauce. The scale of food aid provided in 2022 was about 4x that of a normal year due to prolonged COVID effects.

$155Kprogram expense
03

Sponsorships

41 families (160 persons) were provided monthly cash support by specific sponsors. Cash was hand-delivered monthly and pictures of the each delivery were provided to each sponsoring donor. Some sponsors also provided extra food support due to heightened food needs brought on by COVID.

$56Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 5 funders →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$631K
Ln 12
Gifts and grantsLn 1h$631K
Investment incomeLn 3$229
Money outPt IX
$568K
Ln 25
Programscol B$554K
Managementcol C$14K
Owns and owesPt X
$259K
net assets · Ln 32
Cash and savingsLn 1–2$259K
Total assetsLn 16$259K
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$631K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Investment incomeLn 3$229
Total revenueLn 12$631K
Assets in detailPt X, end of year
CashLn 1$183K
SavingsLn 2$76K
Cash and savings togetherLn 1–2$259K
Total assetsLn 16$259K
LiabilitiesLn 26$0
Net assetsLn 32$259K
OperationsPt I, VI
EmployeesI 50
VolunteersI 6800
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$196K$259K
Total assetsLn 16$196K$259K
LiabilitiesLn 26$0$0
Net assetsLn 32$196K$259K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$209K$209K
Management feesLn 11a$4K$4K
Advertising and promotionLn 12$9K$9K
Information technologyLn 14$15K$15K$263
OccupancyLn 16$61K$61K
TravelLn 17$4K$2K$1K
Other expenses (24a–d)Ln 24$266K$266K$0$0
Total functional expensesLn 25$568K$554K$14K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.8M$1.1M$681K$1.2M 990 PDF
FY2024 $962K$833K$129K$490K 990 PDF
FY2023 $722K$620K$102K$361K 990 PDF
FY2022 Viewing $631K$568K$64K$259K 990 PDF
FY2021 $594K$560K$33K$196K 990 PDF
FY2020 $467K$481K−$14K$162K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $631,102 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $593,548$630,873
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $102$229
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $593,650$631,102
I-13 Grants and similar amounts paidPrior year $283,511$209,485
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $276,725$358,079
I-18 Total expensesPrior year $560,236$567,564
I-19 Revenue less expensesPrior year $33,414$63,538
Part VI · Governance 8 of 8 board members independent, 2 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $631,102 across 11 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$630,873
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$630,873
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $229$229
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $229$631,102
Part IX · Statement of functional expenses $567,564 across 9 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $209,485$209,485
IX-11a Management feesManagement $3,781$3,781
IX-12 Advertising and promotionManagement $8,581$8,581
IX-14 Information technologyPrograms $15,033 · Management $263$15,296
IX-16 OccupancyPrograms $60,758$60,758
IX-17 TravelPrograms $2,291 · Management $1,425$3,716
IX-24 Other expenses (24a–d)Programs $265,947 · Management $0 · Fundraising $0$265,947
IX-25 Total functional expensesPrograms $553,514 · Management $14,050 · Fundraising $0$567,564
Part X · Balance sheet $259,098 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $138,755$182,740
X-2 Savings and temporary cash investmentsStart of year $56,805$76,358
X-16 Total assetsStart of year $195,560$259,098
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $195,560$259,098
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $195,560$259,098
X-33 Total liabilities and net assetsStart of year $195,560$259,098
Part XI · Reconciliation of net assets $259,098 net assets at year end
XI-1 Total revenue$631,102
XI-2 Total expenses$567,564
XI-3 Revenue less expenses$63,538
XI-4 Net assets at start of year$195,560
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$259,098

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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