TASSEL INC

EIN: 460825424 501(c)(3) International Affairs

Manhattan Beach, CA

Total Revenue
$1,824,247
Total Expenses
$1,142,932
Total Assets
$1,171,071
Net Assets
$1,171,071
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
CA
Principal Officer
Joji Tatsugi
Phone
3105259693
Tax Period
2025-01-01 to 2025-12-31

TASSEL INC, founded in 2012, is a community nonprofit in the International Affairs sector that reported $1.8M in total revenue in fiscal year 2025. Revenue surged 90% from the prior year, signaling strong growth momentum. The organization ran a surplus of $681K, a strong 37% operating margin.

Mission

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.

Program Service Accomplishments

Program 1
Expenses: $577,512 Revenue: $0

Free English lessons: Daily English classes were provided to 3500 students in 8 rural Cambodian villages (Banan, Jeepan,Kampong Puoy, Rattinak, Roka, Samlot, Samrang). In addition English training...

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Free English lessons: Daily English classes were provided to 3500 students in 8 rural Cambodian villages (Banan, Jeepan,Kampong Puoy, Rattinak, Roka, Samlot, Samrang). In addition English training was provided to all 43 local teaching staff. Approximately 500 unpaid international volunteers supplemented the local curricula, providing help in writing, reading, listening, speaking, as well as grammar and word usage.

Program 2
Expenses: $433,248 Revenue: $0

Food and Medical Aid: Approximately 6420 families (about 16,000 individuals) were provided rice. Many also were provided additional food - canned fish, fish sauce and soy sauce. TASSEL teachers also...

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Food and Medical Aid: Approximately 6420 families (about 16,000 individuals) were provided rice. Many also were provided additional food - canned fish, fish sauce and soy sauce. TASSEL teachers also took the sick to appropriate domestic medical centers and paid for their hospital bills as well as travel and meal expenses. In the summer 740 villagers received medicine. As in all years, all persons who received food and medical aid in 2025 were pre-screened carefully through family visits and confirmed beforehand that aid was critical.

Program 3
Expenses: $63,256 Revenue: $0

Senior Center: We invite 280 pre-selected elderly villagers to our school 2x/month. At each session, we provide the elderly a hot meal, English and Khmer lessons, and engage them in social activities...

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Senior Center: We invite 280 pre-selected elderly villagers to our school 2x/month. At each session, we provide the elderly a hot meal, English and Khmer lessons, and engage them in social activities such as dancing, singing, moderated discussions and more. Each Senior Center elderly also receives 3 bags of rice annually.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $1,821,404
Program Service Revenue $0
Investment Income $2,843
Other Revenue $0
TOTAL REVENUE $1,824,247

Expense Breakdown

Grants Paid $551,405
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,132,193
Other Expenses $591,527
TOTAL EXPENSES $1,142,932

Year-over-Year Comparison

2025 2024 Change
Revenue $1,824,247 $962,020 +0.9%
Expenses $1,142,932 $833,141 +0.4%
Net Income $681,315 $128,879 +4.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
800

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
0
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Joji Tatsugi President 40
Director
$0 $0 $0
Ella Kim Director 10
Director
$0 $0 $0
Ray Kim Director 10
Director
$0 $0 $0
Leslie Kim Director 10
Director
$0 $0 $0
Gary Kim Treasurer 10.00
Director
$0 $0 $0
Stephen Kim Director 10
Director
$0 $0 $0
Tammy Ryu Director 10
Director
$0 $0 $0
Helen Chun Director 10
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $1,824,247 $1,142,932 $1,171,071 $681,315
2024 $962,020 $833,141 $489,757 $128,879
2023 $721,597 $619,817 $360,878 $101,780
2022 $631,102 $567,564 $259,098 $63,538
2021 $593,650 $560,236 $195,560 $33,414
2020 $466,612 $480,976 $162,146 $-14,364
2018 $303,886 $260,394 $132,015 $43,492
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