Tserings Fund

990EZ • Fiscal year 2014 • EIN 26-2077860

Jan 01, 2014 to Dec 31, 2014 • Filed on Jun 16, 2015

Organization Profile N/A

47520 Gallatin RoadRoom/Suite 1BGallatin Gateway, MT 59730-8635

(406) 995-2510

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2014

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2014

-21%

Higher net margin than 15% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

-23%

Faster asset growth than 18% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

22%

Faster revenue growth than 73% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Balance Sheet

Liabilities / AssetsScore unavailable

Assets

Down

$55,582

Down $16,579 (-23%) from 2013

Net Assets

Down

$55,582

Down $16,579 (-23%) from 2013

Liabilities

No earlier filing loaded for comparison.

Revenue And Expenses

Liabilities / RevenueScore unavailable Net Margin15th percentile

Revenue

$79,717

Up $14,489 (+22%) from 2013

Expenses

$96,296

Up $82,516 (+599%) from 2013

Net Income

Down

-$16,579

Down $68,027 (-132%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth18th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

Highlighted filing

2014

Assets$55,582

Liabilities-

Net Assets$55,582

Open 2014 Filing

Operations Trend

Revenue Growth73rd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

Highlighted filing

2014

Revenue$79,717

Expenses$96,296

Net Income-$16,579

Open 2014 Filing

Jump To

Filing Snapshot

Filing Period: Jan 1, 2014 to Dec 31, 2014
Signed: Jun 16, 2015
Return Version: 2014v5.0
Gross Receipts: $79,717

Mission and Program Overview

Mission

Tsering's fund was established in order to raise funds for the purpose of helping people in need in nepal who would otherwise have no chance for an education or a life of basic dignity. The founding members began the endeavour as a personal mission to improve the lives of poor and deserving nepalis. They receive no compensation for their services. Virtually all of the funds donated are used to pay tuition and expenses for the recipients of the charity. Contributions are from private citizens, corporations and the founders themselves. Funds are dispensed directly to school administrators by the founders to ensure that the funds are used for the intended purpose. Up to 44 young children have been helped by the fund, and it is hoped that even more can be served in the future.

Program Services

Description	Grants	Expenses
TUITION AND EXPENSES FOR THE EDUCATION OF POOR NEPALI CHILDREN.	$96,296	$96,296
TUITION AND EXPENSES FOR THE EDUCATION OF POOR NEPALI CHILDREN.	-	-

Compensation and Service Providers

Top Officer Pay74th percentile

Employees

Name	Title	Full / Part Time	Base	Other	Total
PETER J SCHMIEDING	President	-	$0	-	-
KAREN SCHMIEDING	Director	-	$0	-	-
TSERING DHOLKAR LAMA	Director	-	$0	-	-

Filing and Contact Details

Filer

Filer Name: Tserings Fund
EIN: 26-2077860
Phone: 4069952510
Address: 47520 GALLATIN ROAD, ROOM/SUITE 1B, GALLATIN GATEWAY, MT 59730-8635

Signing Officer

Name: Peter J Schmieding
Title: President
Phone: 4069952510
Signed: 2015-06-16

Preparer

Firm: US Tax Accounting Inc
Address: 869-B 97TH AVENUE NORTH, NAPLES, FL 34108-2284
Preparer: Jay D Hillis
Phone: 2395977009

Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 10

“96,296 0 0”

Form 990-ez, Part III

“Tsering's fund was established in order to raise funds for the purpose of helping people in need in nepal who would otherwise have no chance for an education or a life of basic dignity. The founding members began the endeavour as a personal mission to improve the lives of poor and deserving nepalis. They receive no compensation for their services. Virtually all of the funds donated are used to pay tuition and expenses for the recipients of the charity. Contributions are from private citizens, corporations and the founders themselves. Funds are dispensed directly to school administrators by the founders to ensure that the funds are used for the intended purpose. Up to 44 young children have been helped by the fund, and it is hoped that even more can be served in the future.”

Form 990-ez, Part III, Line 31

“Tuition and expenses for the education of poor nepali children.”

Raw XML Appendix135 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/BooksInCareOfDetail/PhoneNum	0	2395977009
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IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine2Txt	0	47520 GALLATIN ROAD SUITE 1B
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm	0	GALLATIN GATEWAY
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd	0	MT
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd	0	59730
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IRS990EZ/ContributionsGiftsGrantsEtcAmt	0	79710
IRS990EZ/DonorAdvisedFndsInd	0	false
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IRS990EZ/ExcessOrDeficitForYearAmt	0	-16579
IRS990EZ/FiledScheduleAInd	0	true
IRS990EZ/ForeignFinancialAccountInd	0	false
IRS990EZ/ForeignOfficeInd	0	false
IRS990EZ/Form1120PolFiledInd	0	false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt	0	72161
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IRS990EZ/GrantsAndSimilarAmountsPaidAmt	0	96296
IRS990EZ/GrossReceiptsAmt	0	79717
IRS990EZ/InfoInScheduleOPartIIIInd	0	X
IRS990EZ/InfoInScheduleOPartIInd	0	X
IRS990EZ/InvestmentIncomeAmt	0	7
IRS990EZ/LobbyingActivitiesInd	0	false
IRS990EZ/MadeLoansToFromOfficersInd	0	false
IRS990EZ/MethodOfAccountingCashInd	0	X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt	0	72161
IRS990EZ/NetAssetsOrFundBalancesEOYAmt	0	55582
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt	0	72161
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt	0	55582
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	0	000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	1	000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	2	000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	0	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	1	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	2	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	0	PETER J SCHMIEDING
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	1	KAREN SCHMIEDING
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	2	TSERING DHOLKAR LAMA
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	0	PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	1	DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	2	DIRECTOR
IRS990EZ/OperateHospitalInd	0	false
IRS990EZ/Organization501c3Ind	0	X
IRS990EZ/OrganizationDissolvedEtcInd	0	false
IRS990EZ/OrganizationHadUBIInd	0	false
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt	0	NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt	0	NONE
IRS990EZ/PoliticalCampaignActyInd	0	false
IRS990EZ/PrimaryExemptPurposeTxt	0	TSERING'S FUND WAS ESTABLISHED IN ORDER TO RAISE FUNDS FOR THE PURPOSE OF HELPING PEOPLE IN NEED IN NEPAL WHO WOULD OTHERWISE HAVE NO CHANCE FOR AN EDUCATION OR A LIFE OF BASIC DIGNITY. THE FOUNDING MEMBERS BEGAN THE ENDEAVOUR AS A PERSONAL MISSION TO IMPROVE THE LIVES OF POOR AND DESERVING NEPALIS. THEY RECEIVE NO COMPENSATION FOR THEIR SERVICES. VIRTUALLY ALL OF THE FUNDS DONATED ARE USED TO PAY TUITION AND EXPENSES FOR THE RECIPIENTS OF THE CHARITY. CONTRIBUTIONS ARE FROM PRIVATE CITIZENS, CORPORATIONS AND THE FOUNDERS THEMSELVES. FUNDS ARE DISPENSED DIRECTLY TO SCHOOL ADMINISTRATORS BY THE FOUNDERS TO ENSURE THAT THE FUNDS ARE USED FOR THE INTENDED PURPOSE. UP TO 44 YOUNG CHILDREN HAVE BEEN HELPED BY THE FUND, AND IT IS HOPED THAT EVEN MORE CAN BE SERVED IN THE FUTURE.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt	0	TUITION AND EXPENSES FOR THE EDUCATION OF POOR NEPALI CHILDREN.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt	1	TUITION AND EXPENSES FOR THE EDUCATION OF POOR NEPALI CHILDREN.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt	0	96296
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt	0	96296
IRS990EZ/ProhibitedTaxShelterTransInd	0	false
IRS990EZ/RelatedOrganizationCtrlEntInd	0	false
IRS990EZ/ScheduleBNotRequiredInd	0	X
IRS990EZ/SchoolOperatingInd	0	false
IRS990EZ/SubjectToProxyTaxInd	0	false
IRS990EZ/TanningServicesProvidedInd	0	false
IRS990EZ/TotalExpensesAmt	0	96296
IRS990EZ/TotalProgramServiceExpensesAmt	0	96296
IRS990EZ/TotalRevenueAmt	0	79717
IRS990EZ/TransactionWithControlEntInd	0	false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd	0	false
IRS990EZ/TypeOfOrganizationCorpInd	0	X
IRS990EZ/WebsiteAddressTxt	0	N/A
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt	0	79710
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt	0	65221
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt	0	17445
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt	0	8107
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt	0	26465
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt	0	196948
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt	0	7
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt	0	7
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt	0	5
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt	0	9
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt	0	9
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt	0	37
IRS990ScheduleA/InvestmentIncomeCYPct	0	0.00000
IRS990ScheduleA/InvestmentIncomePYPct	0	0.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind	0	X
IRS990ScheduleA/PublicSupportCY509Pct	0	1.00000
IRS990ScheduleA/PublicSupportPY509Pct	0	1.00000
IRS990ScheduleA/PublicSupportTotal509Amt	0	196985
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind	0	X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt	0	79717
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt	0	65228
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt	0	17450
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt	0	8116
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt	0	26474
IRS990ScheduleA/Total509Grp/TotalAmt	0	196985
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt	0	79717
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt	0	17450
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt	0	8116
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt	0	26474
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt	0	196985
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	0	96,296 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	1	TSERING'S FUND WAS ESTABLISHED IN ORDER TO RAISE FUNDS FOR THE PURPOSE OF HELPING PEOPLE IN NEED IN NEPAL WHO WOULD OTHERWISE HAVE NO CHANCE FOR AN EDUCATION OR A LIFE OF BASIC DIGNITY. THE FOUNDING MEMBERS BEGAN THE ENDEAVOUR AS A PERSONAL MISSION TO IMPROVE THE LIVES OF POOR AND DESERVING NEPALIS. THEY RECEIVE NO COMPENSATION FOR THEIR SERVICES. VIRTUALLY ALL OF THE FUNDS DONATED ARE USED TO PAY TUITION AND EXPENSES FOR THE RECIPIENTS OF THE CHARITY. CONTRIBUTIONS ARE FROM PRIVATE CITIZENS, CORPORATIONS AND THE FOUNDERS THEMSELVES. FUNDS ARE DISPENSED DIRECTLY TO SCHOOL ADMINISTRATORS BY THE FOUNDERS TO ENSURE THAT THE FUNDS ARE USED FOR THE INTENDED PURPOSE. UP TO 44 YOUNG CHILDREN HAVE BEEN HELPED BY THE FUND, AND IT IS HOPED THAT EVEN MORE CAN BE SERVED IN THE FUTURE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	2	TUITION AND EXPENSES FOR THE EDUCATION OF POOR NEPALI CHILDREN.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	0	FORM 990-EZ, PART I, LINE 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	1	FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	2	FORM 990-EZ, PART III, LINE 31
ReturnHeader/BuildTS	0	2016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/PersonNm	0	PETER J SCHMIEDING
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt	0	PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum	0	4069952510
ReturnHeader/BusinessOfficerGrp/SignatureDt	0	2015-06-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt	0	TSERINGS FUND
ReturnHeader/Filer/BusinessNameControlTxt	0	TSER
ReturnHeader/Filer/EIN	0	262077860
ReturnHeader/Filer/PhoneNum	0	4069952510
ReturnHeader/Filer/USAddress/AddressLine1Txt	0	47520 GALLATIN ROAD
ReturnHeader/Filer/USAddress/AddressLine2Txt	0	ROOM/SUITE 1B
ReturnHeader/Filer/USAddress/CityNm	0	GALLATIN GATEWAY
ReturnHeader/Filer/USAddress/StateAbbreviationCd	0	MT
ReturnHeader/Filer/USAddress/ZIPCd	0	597308635
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN	0	592519089
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt	0	US TAX ACCOUNTING INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt	0	869-B 97TH AVENUE NORTH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm	0	NAPLES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd	0	FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd	0	341082284
ReturnHeader/PreparerPersonGrp/PhoneNum	0	2395977009
ReturnHeader/PreparerPersonGrp/PreparationDt	0	2015-06-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm	0	JAY D HILLIS
ReturnHeader/ReturnTs	0	2015-06-16T15:20:42-05:00
ReturnHeader/ReturnTypeCd	0	990EZ
ReturnHeader/TaxPeriodBeginDt	0	2014-01-01
ReturnHeader/TaxPeriodEndDt	0	2014-12-31
ReturnHeader/TaxYr	0	2014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing

Assets: $55,582
Liabilities: -
Net assets: $55,582
Revenue: $79,717
Expenses: $96,296
Net income: -$16,579

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.	$7.17	$0.00	$7.17	$5.21	$5.34	$0.12
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.	$6.39	$0.00	$6.39	$5.94	$5.40	$0.55
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.	$6.83	$0.00	$6.83	$5.11	$3.39	$1.71
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$4.93	$0.00	$4.93	$2.78	$1.61	$1.17
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$3.97	$0.00	$3.97	$2.94	$1.79	$1.16
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$2.07	$0.00	$2.07	$2.20	$2.58	$0.39
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.	$2.51	$0.00	$2.51	$1.45	$1.18	$0.27
2014Detailed filing. Detailed filing data is available for this year.	$0.56		$0.56	$0.80	$0.96	$0.17
2013Detailed filing. Detailed filing data is available for this year.	$0.72		$0.72	$0.65	$0.14	$0.51
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.	$0.21		$0.21	$0.17	$0.12	$0.05