Southeast Asian Relief Inc
- Assets
- $55.9k
- Revenue
- $110.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Saint Petersburg, FL
- Founding
- 10/1985
- Data as of
- 06/2022
- EIN
- 59-2278219
Organization Overview
Southeast Asian Relief Inc, operating under the name Sear Inc, is located in Saint Petersburg, FL. The organization was established in 1985. According to its NTEE Classification (Q71) the organization is classified as: International Migration & Refugee Issues, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sear 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 06/2022, Sear Inc generated $110.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.4%) each year. All expenses for the organization totaled $110.7k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (4.6%) per year over the past 7 years. 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
SERVING NEEDY YOUTH AND CHILDREN PROVIDING LOVE, HOPE, HEALTH AND SCHOOLING WITH THE GOSPEL LOCALLY AND IN VIETNAM. SEAR ASSISTS IN PROVIDING FUNDING FOR MEDICAL NEEDS, EDUCATION, FOOD, SHELTER AND BICYCLES FOR TRANSPORTATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDING SENT INTO VIETNAM TO PROVIDE SURGERY, MEDICAL SUPPLIES AND TO ASSIST WITH HOUSING AND EDUCATIONAL EXPENSES FOR THOSE IN NEED OF ASSISTANCE.
FUNDS SPENT ON SALARIES,OFFICE RENT IN THE U.S.A. AND OTHER OVERHEAD EXPENSES INCURRED TO RAISE THE FUNDS NEEDED IN THE U.S.A AND IN VIETNAM.
FUNDS FOR EDUCATIONAL, HOUSING AND MEDICAL ASSISTANCE PROVIDED TO REFUGEES IN THE U.S.A.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rex Almquist Presidenttreasurer | OfficerTrustee | 40 | $0 |
Mike Marinetto Secretary | OfficerTrustee | 10 | $0 |
Thien Cong C Tran Director | Trustee | 0 | $0 |
My Thi Thanh T Pham Director | Trustee | 0 | $0 |
Michael Mccarthy Director | Trustee | 0 | $0 |
Christina Mccarthy Director | Trustee | 0 | $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 | $110,390 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $110,390 |
| Total Program Service Revenue | $0 |
| Investment income | $9 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $110,399 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $21,188 |
| Grants and other assistance to Foreign Orgs/Individuals | $57,780 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,332 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,166 |
| Office expenses | $3,127 |
| Information technology | $584 |
| Royalties | $0 |
| Occupancy | $2,413 |
| Travel | $4,000 |
| 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 | $9,044 |
| Insurance | $3,120 |
| All other expenses | $0 |
| Total functional expenses | $110,708 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,594 |
| Savings and temporary cash investments | $40,663 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $13,640 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $55,897 |
| Accounts payable and accrued expenses | $3,634 |
| 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 | $3,634 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $3,339 |
| Retained earnings, endowment, accumulated income, or other funds | $48,924 |
| Total liabilities and net assets/fund balances | $55,897 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Southeast Asian Relief Inc has recieved totaling $7,200.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $7,200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Liberty Aviation International Rescue Inc Naples, FL | $375,122 | $1,829,184 |
My Vision For Refugees Inc Atlanta, GA | $72,736 | $0 |
Southeast Asian Relief Inc Saint Petersburg, FL | $55,897 | $110,399 |
Bordercare Inc Perry, FL | $601,616 | $51,586 |
Refuge Inc Waleska, GA | $85,262 | $0 |
Regeneration Movement Inc Atlanta, GA | $8,972 | $0 |
Belong Together Longboat Key, FL | $2,821 | $0 |
Christian Community Of Morne Pele Corp Miami Gardens, FL | $240 | $0 |
Nitzanim Foundation Inc North Miami Beach, FL | $0 | $0 |
Libertys Hands Afghan Military Refugee Assistance Inc Warner Robins, GA | $0 | $0 |