Overview
What is Sam Bul Sa Of Minnesota Inc?
Sam Bul Sa of Minnesota Inc is a nonprofit organization that promotes and facilitates religious worship and church services through its Christian-affiliated platform. Their activities encompass a range of programs, primarily centered around conducting church services and fostering spiritual growth. The organization's mission is deeply rooted in its Christian beliefs, aiming to create a space for spiritual reflection and communal worship for its members.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53% (One-Star out of Four Star rating)
Sam Bul Sa Of Minnesota Inc has a low rating of 53%, which reflects concerns regarding its accountability and financial practices. Key issues include a complete lack of independent board members and missing essential governance policies, such as a conflict of interest policy and a whistleblower policy. While the organization has documented board meeting minutes, other shortcomings significantly impact its overall score.
Despite these governance weaknesses, the charity does demonstrate a strong commitment to program expenses, with an impressive program expense ratio of 85.40%. This indicates that a substantial portion of its resources is directed toward its mission-related activities. Additionally, the organization shows a healthy liabilities to assets ratio of 34.86%, suggesting it manages its financial obligations adequately.
However, the absence of a website listed on its tax form and missing transparency regarding important operational policies raises red flags for potential donors and stakeholders. Overall, while Sam Bul Sa Of Minnesota Inc excels in directing funds to programs, its governance practices could benefit from significant improvement to ensure greater accountability and transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Sam Bul Sa Of Minnesota Inc legitimate?
Sam Bul Sa Of Minnesota Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sam Bul Sa Of Minnesota 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Sam Bul Sa Of Minnesota Inc?
Sam Bul Sa of Minnesota Inc, through its Christian organization, is dedicated to fostering worship and conducting church services. To accomplish this mission, they provide various programs, including church and worship services. The primary focus of the organization is to offer a platform for individuals to engage in spiritual activities and worship. By doing so, they aim to contribute to the spiritual well-being of their community. Additionally, they may offer educational and support resources related to religion and spirituality, although the information provided does not specify this.
Who is the CEO of Sam Bul Sa Of Minnesota Inc?
John Kwon is the Treasurer of Sam Bul Sa Of Minnesota Inc.
What is the revenue of Sam Bul Sa Of Minnesota Inc?
Sam Bul Sa Of Minnesota Inc's revenue in 2022 was $28,189.
Who are the executives of Sam Bul Sa Of Minnesota Inc and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Sam Bul Sa Of Minnesota Inc?
Sam Bul Sa Of Minnesota Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Sam Bul Sa Of Minnesota Inc
Sam Bul Sa of Minnesota Inc, a Christian organization, is dedicated to promoting worship and conducting church services. Their mission involves offering a variety of programs that align with this objective, focusing primarily on church and worship services. The organization strives to fulfill its mission through these initiatives, working towards spiritual growth and community engagement.
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Impact
August, 2024
Sam Bul Sa Of Minnesota Inc, through its worship and church services activities in Andover, MN, has a significant impact on fostering worship and Christian fellowship in the community. Its mission to conduct church services and provide various programs aimed at promoting spiritual growth and connection serves to uplift individuals and strengthen the fabric of the local Christian community. By offering a platform for worship and religious activities, Sam Bul Sa Of Minnesota Inc plays a vital role in nurturing faith and providing support to individuals seeking spiritual fulfillment.
This information is meant to be a general summary of Sam Bul Sa Of Minnesota 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: $28,189
Assets and Liabilities:
- Total Assets: $575,227
- Total Liabilities: $188,369
- Net Assets: $386,858
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Organization Details
Phone
(763) 571-9757Principal Officer
John Kwon
Main Address
14547 PRAIRIE ROAD NW, ANDOVER, MN, 553043542
NTEE Category
Code: X20 - Religion related
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