Overview
What is Korean Cbmc Of North America Inc?
Korean Cbmc Of North America Inc is a nonprofit organization dedicated to fostering spiritual growth and evangelism within the business sector. They aim to spread the Gospel through business activities by establishing local units across the United States. Their mission involves educating their members and the public to become Christian leaders in the business world, encouraging spiritual development and promoting evangelism within the marketplace. Their programs provide religious education specifically tailored to business professionals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 52%, One-Star out of Four Star rating.
Korean Cbmc Of North America Inc has received a low rating of 52%, indicating significant concerns regarding its accountability and financial practices. The charity lacks independent board members, which can raise questions about governance and decision-making. Additionally, essential policies and documentation, such as conflict of interest and whistleblower policies, are missing, further highlighting areas for improvement in transparency.
Despite these governance challenges, the organization demonstrates a strong commitment to its programs, reflected in a program expense ratio of 100%. This suggests that all funds are directed towards its mission-related activities. However, the absence of publicly accessible financial statements and other required documents is a critical limitation, suggesting a need for better transparency and adherence to best practices in nonprofit management.
Overall, while Korean Cbmc Of North America Inc shows promise through its program spending, it faces significant challenges in accountability and transparency that could hinder its effectiveness and credibility in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Korean Cbmc Of North America Inc legitimate?
Korean Cbmc Of North America Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Korean Cbmc Of North America 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: $142,600
For more financial information, click here
What is the mission statement of Korean Cbmc Of North America Inc?
Korean Cbmc Of North America Inc is a community of Christian business professionals who work together to evangelize the business world and foster spiritual growth within the business marketplace. Their goal is to spread the gospel through the business world. They achieve this by establishing local units of CBMC across the United States and educating its members and the public to become Christian leaders.
Who is the CEO of Korean Cbmc Of North America Inc?
Paul Hyon is the Director of Korean Cbmc Of North America Inc.
What is the revenue of Korean Cbmc Of North America Inc?
Korean Cbmc Of North America Inc's revenue in 2022 was $510,652.
Who are the executives of Korean Cbmc Of North America Inc and what are their salaries?
The average compensation at Korean Cbmc Of North America Inc during 2022 was $47,533. There are 3 employees at Korean Cbmc Of North America Inc.
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Where can I find the form 990 for Korean Cbmc Of North America Inc?
Korean Cbmc Of North America Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Korean Cbmc Of North America Inc
Korean Cbmc of North America Inc is a community of Christian business professionals who work together to evangelize the business world and encourage spiritual growth within the business marketplace. Their mission is to spread the Gospel through the business world by establishing local units of CBMC throughout the United States. They strive to educate their members and the public to become Christian leaders, aiming to achieve these goals by fostering a community that supports one another in their spiritual journey and professional lives. Korean Cbmc of North America Inc believes that by working together, they can make a significant impact in the business world, spreading the message of faith and inspiring others to lead with integrity and purpose.
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Impact
July, 2024
Korean CBMC of North America Inc's impact lies in its mission to evangelize and promote spiritual growth within the business world. By establishing local units throughout the United States, educating members and the public on Christian leadership, and spreading the Gospel through business initiatives, the organization plays a pivotal role in unifying Christian business professionals towards a common goal. Through its programs and activities, Korean CBMC of North America facilitates the integration of faith and business practices, fostering a community of individuals dedicated to living out their beliefs in the professional sphere.
This information is meant to be a general summary of Korean Cbmc Of North America 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: $510,652
Assets and Liabilities:
- Total Assets: $274,253
- Total Liabilities: $17,480
- Net Assets: $256,773
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Organization Details
Founding Year
2012
Phone
(614) 453-5902Principal Officer
Paul Hyon
Main Address
1355 W CHELTENHAM AVE 105, ELKINS PARK, PA, 19027
NTEE Category
Code: X99 - Religion related
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