Terra Search Promise
- Assets
- $57.1k
- Revenue
- $50.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Arlington, VA
- Founding
- Data as of
- 12/2023
- EIN
- 88-2744096
Organization Overview
Terra Search Promise is located in Arlington, VA. According to its NTEE Classification (W30) the organization is classified as: Military & Veterans Organizations, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Terra Search Promise 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 12/2023, Terra Search Promise generated $50.0k in total revenue. The organization has seen a slow decline revenue. Over the past 2 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $43.8k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (20.8%) per year over the past 2 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THIS CORPORATION IS ORGANIZED EXCLUSIVELY FOR HUMANITARIAN, PARTICIPATIVE, EDUCATIONAL, WELLNESS AND SCIENTIFIC PURPOSES. THE PURPOSE OF TERRA SEARCH SHALL BE TO KEEP THE NATIONS STANDING PROMISE TO NEVER FORGET IN SPIRIT AND ACTION BY BRINGING OUR NATIONS MISSING VETERANS HOME; WHILE PROMOTING PARTICIPATION THROUGHOUT THE VETERAN COMMUNITY AND ITS SUPPORTERS. TERRA SEARCH SHALL BE A NONPROFIT CORPORATION TO PROMOTE ITS CAUSE THROUGH ACTION, NETWORKING AND PROVIDING OPPORTUNITIES OF MUTUAL BENEFIT TO PARTICIPANTS AND SUPPORTERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SPECIFIC OBJECTIVES AND PURPOSE OF THIS ORGANIZATION SHALL BE:(A) TO RECOVER AND BRING THE NATIONS MISSING VETERANS HOME; (B) TO OPEN THE OPPORTUNITY TO THE VETERAN COMMUNITY, THEIR FAMILIES AND SUPPORTERS AT LARGE TO PARTICIPATE IN ANY MANNER THEY SHALL CHOOSE; (C) TO DEVELOP A PROFESSIONAL FULL-TIME RECOVERY ORGANIZATION TO INCLUDE ANALYSIS, TRAINING, RESEARCH, RECOVERY AND REPATRIATION;(D) TO PROVIDE OPPORTUNITIES TO SPONSOR, HOST AND/OR PARTICIPATE IN EVENTS AND ACTIVITIES THAT PROMOTE THE SUCCESSFUL RECOVERY AND REPATRIATION OF OUR NATIONS MISSING VETERANS; (E) TO SUPPORT THE IMPROVEMENT OF VETERAN WELLNESS, POST-TRAUMATIC BEHAVIORAL HEALTH AND SUICIDE PREVENTION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philip Dermer President | OfficerTrustee | 5 | $0 |
Jeff Buchanan Vice President | OfficerTrustee | 1 | $0 |
Michael Gresalfi Director | Trustee | 1 | $0 |
Pete Duke Deluca Director | Trustee | 1 | $0 |
Michael Sonny Trimble Director | 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 | $50,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $50,000 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $50,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $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 | $4,040 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $36,100 |
| Advertising and promotion | $265 |
| Office expenses | $563 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,729 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $57 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $43,754 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,142 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $57,142 |
| Accounts payable and accrued expenses | $24 |
| 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 | $69,816 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $69,840 |
| Net assets without donor restrictions | -$12,698 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $57,142 |