Tergar International
- Assets
- $3.8m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 29
- Location
- Minneapolis, MN
- Founding
- 05/2004
- Data as of
- 12/2022
- EIN
- 26-4735078
Organization Overview
Tergar International is located in Minneapolis, MN. The organization was established in 2004. According to its NTEE Classification (Q99) the organization is classified as: International, Foreign Affairs & National Security N.E.C., under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2022, Tergar International employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tergar International 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 12/2022, Tergar International generated $4.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 20.1% each year . All expenses for the organization totaled $4.3m during the year ending 12/2022. While expenses have increased by 18.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
TERGAR MEDITATION COMMUNITY TEACHES PRACTICES THAT CULTIVATE AWARENESS, COMPASSION, AND WISDOM, AND SUPPORTS A DIVERSE, INTERNATIONAL COMMUNITY OF PRACTIONERS AT ALL LEVELS OF COMMITMENT AND EXPERIENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TERGAR MEDITATION COMMUNITY TEACHES PRACTICES THAT CULTIVATE AWARENESS, COMPASSION, AND WISDOM, AND SUPPORTS A DIVERSE, INTERNATIONAL COMMUNITY OF PRACTIONERS AT ALL LEVELS OF COMMITMENT AND EXPERIENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cortland Dahl Executive Di | Officer | 40 | $94,500 |
Victoria Torino Finance Dire | Officer | 40 | $12,112 |
Rasmus Hougaard Chairman | OfficerTrustee | 1 | $0 |
Annie Rosen Treasurer | OfficerTrustee | 1 | $0 |
Khaldoun Shehadeh Secretary | OfficerTrustee | 1 | $0 |
Ebi Atawodi Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,727,594 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,727,594 |
| Total Program Service Revenue | $2,984,161 |
| Investment income | $3,109 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $10,000 |
| 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 | $4,726,707 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $202,915 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $106,612 |
| Compensation of current officers, directors, key employees. | $95,831 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,014,884 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $165,515 |
| Payroll taxes | $94,160 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,434 |
| Fees for services: Accounting | $25,601 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,501,903 |
| Advertising and promotion | $94,770 |
| Office expenses | $24,745 |
| Information technology | $192,170 |
| Royalties | $0 |
| Occupancy | $141,966 |
| Travel | $126,920 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,224 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $192,539 |
| Insurance | $8,907 |
| All other expenses | $9,120 |
| Total functional expenses | $4,299,126 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $398,935 |
| Savings and temporary cash investments | $2,480,393 |
| Pledges and grants receivable | $12,000 |
| Accounts receivable, net | $693 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $15,802 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $16,379 |
| Net Land, buildings, and equipment | $716,790 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $186,425 |
| Total assets | $3,827,417 |
| Accounts payable and accrued expenses | $455,464 |
| Grants payable | $3,385 |
| Deferred revenue | $3,174 |
| 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 | $163,237 |
| Total liabilities | $625,260 |
| Net assets without donor restrictions | $3,190,157 |
| Net assets with donor restrictions | $12,000 |
| 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 | $3,827,417 |