Overview
What is Korean Gospel Broadcasting Co Inc?
Korean Gospel Broadcasting Co Inc, located in Anaheim, California, is a nonprofit organization with a dedicated workforce of 31 individuals. Their primary mission is to disseminate gospel and various religious messages through AM 1190, ensuring 24-hour broadcasting every day. This broadcasting service aims to spread religious teachings and beliefs to a wide audience, contributing to spiritual growth and understanding within the community.
Official website here: www.kgbc.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (65%, Two-Star out of Four Star rating)
Korean Gospel Broadcasting Co Inc has received a Two-Star rating from Charity Navigator, indicating a need for improvement in its organizational practices. The nonprofit demonstrates several strengths, particularly in its governance, as evidenced by a high percentage of independent board members and a solid liabilities to assets ratio. However, the absence of key financial transparency documents and policies raises concerns about accountability.
While the organization invests a significant portion of its expenses into programs, its lack of financial statements and missing conflict of interest policies highlight areas where it could enhance its operations. The failure to provide board meeting minutes and post its tax form on its website further detracts from its financial transparency. Addressing these issues could significantly improve its rating and stakeholder trust.
Overall, while Korean Gospel Broadcasting Co Inc has strengths in governance and program spending, its limitations in transparency and policy documentation suggest that it has critical work ahead to meet best practices in charitable accountability. Improving these areas can contribute to a more robust framework for donor confidence and organizational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Korean Gospel Broadcasting Co Inc legitimate?
Korean Gospel Broadcasting Co Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Korean Gospel Broadcasting Co Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $50,750
Professional Fundraising Fees: $0
Other Salaries and Wages: $773,929
For more financial information, click here
Official website here: www.kgbc.com
What is the mission statement of Korean Gospel Broadcasting Co Inc?
Korean Gospel Broadcasting Co Inc's primary mission is to disseminate gospel and various religious messages through AM 1190. This broadcasting service operates 24 hours a day, every day, providing a continuous platform for spiritual enlightenment. By airing these programs, the organization aims to spread religious messages and foster a spiritual community. The broadcasting company's activities revolve around the transmission of religious content, aiming to reach and engage a wide audience.
Official website here: www.kgbc.com
Who is the CEO of Korean Gospel Broadcasting Co Inc?
Young Sun Lee is the President of Korean Gospel Broadcasting Co Inc.
Official website here: www.kgbc.com
What is the revenue of Korean Gospel Broadcasting Co Inc?
Korean Gospel Broadcasting Co Inc's revenue in 2022 was $1,670,386.
Official website here: www.kgbc.com
Who are the executives of Korean Gospel Broadcasting Co Inc and what are their salaries?
The average compensation at Korean Gospel Broadcasting Co Inc during 2022 was $26,603. There are 31 employees at Korean Gospel Broadcasting Co Inc.
Here are 12 key members and their salaries:
- Compensation: $50,750
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- Other: $0
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Official website here: www.kgbc.com
Where can I find the form 990 for Korean Gospel Broadcasting Co Inc?
Korean Gospel Broadcasting Co Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.kgbc.com
Learn more at the official website: www.kgbc.com
Mission Statement of Korean Gospel Broadcasting Co Inc
Korean Gospel Broadcasting Co Inc, as its name suggests, is dedicated to spreading the gospel and various religious programs. They achieve this mission by broadcasting these messages 24 hours a day, every day, on AM 1190. This nonprofit organization serves as a platform for religious programming, providing a continuous stream of faith-based content to its listeners.
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Impact
October, 2024
Korean Gospel Broadcasting Co Inc plays a significant role in the spiritual and cultural lives of its audience by providing 24-hour access to gospel and various religious programs through AM 1190. Located in Anaheim, CA, it serves as a vital source of inspiration and community connection for Korean-speaking individuals and families.
The station's relentless broadcasting of gospel content and religious programs fosters a sense of belonging and reinforces faith among listeners. By delivering messages of hope, spirituality, and guidance, it contributes to the spiritual nurturing of its audience, enabling individuals to strengthen their beliefs and share their experiences. Furthermore, it acts as a bridge, connecting the Korean-American community with their cultural roots and faith traditions, while also promoting understanding and dialogue around religious values within a diverse society.
Overall, Korean Gospel Broadcasting Co Inc significantly impacts its community by enriching their lives with meaningful content, fostering community ties, and supporting the spiritual growth of listeners.
This information is meant to be a general summary of Korean Gospel Broadcasting Co Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $1,670,386
Assets and Liabilities:
- Total Assets: $5,629,421
- Total Liabilities: $2,730,364
- Net Assets: $2,899,057
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Organization Details
Founding Year
1991
Phone
(714) 484-1190Principal Officer
Young Sun Lee
Main Address
2641 W LA PALMA AVE, ANAHEIM, CA, 92801
Website
www.kgbc.comNTEE Category
Code: X20 - Religion related
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