Charity
TSAO FOUNDATION
About
What does TSAO FOUNDATION do?
The TSAO Foundation is dedicated to enhancing the quality of life for older people by alleviating the hardships of aging through community health services, promoting successful ageing, and pioneering new approaches to ageing and eldercare in Singapore and the region.
Founded
1995
People
mary ann wai sheng tsao, tan bee nah, woon sac san saxone, chavalit tsao, chau shing chi, cheah sheau lan, goh yong leng, phillip tan eng seong, kong kwok hoong thomas, teo marie elaine
Causes
No PovertyHealth & WellnessEducationHighlights
- Donations are tax-deductible
- Registered Charity
- Established since 1995
- Published yearly Annual Reports
- Audited Financial Statements
Society Impact
- Improved health care services for all, particularly those who cannot afford it (poor, needy, aged, handicapped and demented).
- Relief from human suffering due to sickness and disease through medical research, teaching, and provision of facilities and services.
- Enhanced living conditions and standards by addressing poverty, suffering, and distress among various groups (poor, needy, aged, handicapped, demented, prostitutes, juvenile delinquents, drug-addicts, prisoners, ex-convicts, victims of calamities).
- Encouragement of self-help and rehabilitation among those in distress rather than idleness or vice.
- Promotion of active ageing by advancing services, skills, and knowledge related to eldercare
Donation Income
Fundraising Efficiency
This indicates the cost to raise a single dollar. A lower cost suggests the charity is more efficient in its fundraising efforts.
Program Expense Ratio
This is the percentage of the charity's total expenses that are spent on its core programs. A higher percentage suggests that more money is going directly to the cause, rather than being spent on administrative or fundraising expenses.
Financials
Donation Income
What are the donations used for?
- Improved health care services for all, particularly those who cannot afford it (poor, needy, aged, handicapped and demented).
- Relief from human suffering due to sickness and disease through medical research, teaching, and provision of facilities and services.
- Enhanced living conditions and standards by addressing poverty, suffering, and distress among various groups (poor, needy, aged, handicapped, demented, prostitutes, juvenile delinquents, drug-addicts, prisoners, ex-convicts, victims of calamities).
- Encouragement of self-help and rehabilitation among those in distress rather than idleness or vice.
- Promotion of active ageing by advancing services, skills, and knowledge related to eldercare
Program Expense Ratio
This is the percentage of the charity's total expenses that are spent on its core programs. A higher percentage suggests that more money is going directly to the cause, rather than being spent on administrative or fundraising expenses.
Fundraising Efficiency
This indicates the cost to raise a single dollar. A lower cost suggests the charity is more efficient in its fundraising efforts.
Financial Information
Source: Charity PortalCharities and IPCs are required to prepare the financial statements in accordance to the Charities (Accounts and Annual Report) Regulations and the Charities (Institutions of A Public Character) Regulations, where applicable. The financial statement is available online for latest 3 financial years.
| Receipts | Jan 2022 - Dec 2022(S$) | Jan 2021 - Dec 2021(S$) | Jan 2020 - Dec 2020(S$) |
|---|---|---|---|
| Donations in Cash | |||
| Tax-Deductible | 6,072,367 | 3,042,514 | 2,547,871 |
| Non Tax-Deductible | 680,168 | 438,122 | 570,217 |
| Total Donations in Cash | 6,752,535 | 3,480,636 | 3,118,088 |
| Donations in Kind | |||
| Tax-Deductible | 0 | 0 | 0 |
| Non Tax-Deductible | 0 | 0 | 0 |
| Total Donations in Kind | 0 | 0 | 0 |
| Government Grants | 8,857,162 | 9,204,830 | 5,535,509 |
| Investment Income | -368,216 | 42,056 | 37,520 |
| Programme Fees | 2,456,786 | 2,393,369 | 1,633,553 |
| Others Income | 568,302 | 568,164 | 341,490 |
| Total Receipts | 18,266,569 | 15,689,055 | 10,666,160 |
| Capital in Nature | 0 | 0 | 0 |
| Expenses | Jan 2022 - Dec 2022(S$) | Jan 2021 - Dec 2021(S$) | Jan 2020 - Dec 2020(S$) |
|---|---|---|---|
| Fundraising Expenses | |||
| Fundraising Expenses | 154,450 | 68,330 | 50,845 |
| Charitable Activities/Programme Expenses | |||
| Local (Direct & Support) | 14,572,271 | 12,632,326 | 10,589,311 |
| Overseas (Direct & Support) | 148,641 | 110,621 | 176,630 |
| Charitable Activities/Programme Expenses | 14,720,912 | 12,742,947 | 10,765,941 |
| Expenses | |||
| Other Expenses | 0 | 0 | 0 |
| Total Expenditure | 14,875,362 | 12,811,277 | 10,816,786 |
| Balance Sheet | Jan 2022 - Dec 2022(S$) | Jan 2021 - Dec 2021(S$) | Jan 2020 - Dec 2020(S$) |
|---|---|---|---|
| Assets | |||
| Land and Buildings | 0 | 0 | 0 |
| Other Tangible Assets | 720,015 | 452,491 | 544,439 |
| Investments | 5,665,528 | 6,033,954 | 0 |
| Inventories | 55,170 | 48,808 | 41,002 |
| Account Receivables | 4,640,705 | 3,796,538 | 2,000,273 |
| Cash & Deposits | 11,917,412 | 7,220,417 | 11,631,780 |
| Other Assets | 339,188 | 604,745 | 447,573 |
| Total Assets | 23,338,018 | 18,156,953 | 14,665,067 |
| Funds | |||
| Total Unrestricted Funds | 14,601,049 | 11,209,842 | 8,332,065 |
| Total Restricted Funds | 106,012 | 105,332 | 106,403 |
| Endowments Funds | 0 | 0 | 0 |
| Total Funds and Reserves | 14,707,061 | 11,315,174 | 8,438,468 |
| Liabilities | |||
| Total Current Liabilities | 7,688,371 | 6,011,033 | 5,376,107 |
| Total Non-Current Liabilities | 942,586 | 830,746 | 850,492 |
| Total Liabilities | 8,630,957 | 6,841,779 | 6,226,599 |
| Total Funds and Liabilities | 23,338,018 | 18,156,953 | 14,665,067 |
| Other Information | Jan 2022 - Dec 2022(S$) | Jan 2021 - Dec 2021(S$) | Jan 2020 - Dec 2020(S$) |
|---|---|---|---|
| Donations, Grants and Sponsorships given to other registred charities | 40,441 | 0 | 0 |
| No. of Employees | 111 | 123 | 114 |
| Total Employee Cost | 10,661,303 | 9,343,086 | 8,381,440 |
| Fudnraisig Efficiency Ratio | 2 | 1 | 1 |
| Total Related Party Transactions | 5,743,870 | 4,093,078 | 3,033,982 |
People
At TSAO Foundation, individuals work towards enhancing the quality of life for older adults by addressing challenges associated with aging through community health services, promoting successful ageing practices, and pioneering innovative approaches to eldercare in Singapore and surrounding regions.
mary ann wai sheng tsao
tan bee nah
woon sac san saxone
chavalit tsao
chau shing chi
cheah sheau lan
goh yong leng
phillip tan eng seong
kong kwok hoong thomas
teo marie elaine
News
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