Overview
What is Grace Korean Church Inc?
Grace Korean Church Inc, located in Peachtree Corners, Georgia, is a nonprofit organization with a focus on religious activities. They offer two weekly worship services, along with Sunday School for youth and young believers. The church's mission extends beyond its congregation, including Bible teaching and discipleship training, as well as serving local and overseas communities through missionary work. They also operate a Bible School for youth, emphasizing the importance of spiritual growth and witnessing Jesus Christ to the world. According to the information provided, they have a team of three dedicated individuals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 13%
Grace Korean Church Inc has received a rating of 13%, resulting in a Zero-Star out of Four Star rating. This score reflects significant concerns regarding the organization's accountability and finance practices. The rating is based solely on a single beacon score, which indicates serious deficiencies in transparency and governance.
The organization has no independent board members, which heavily impacts its score. Additionally, essential policies such as conflict of interest, whistleblower protection, and document retention are notably missing, raising questions about its operational integrity. While the church does maintain documented board meeting minutes, the lack of online presence for important documents like the tax form further detracts from its credibility.
Another critical point is the financial metrics, with a liabilities to assets ratio of 70.14% and no reported program expenses, suggesting a lack of effective resource allocation towards its mission. Overall, the low score highlights significant areas for improvement in governance, transparency, and financial management.
This AI summary has been generated from information found on Charity Navigator.
Is Grace Korean Church Inc legitimate?
Grace Korean Church Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Grace Korean Church 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: $54,964
Professional Fundraising Fees: $0
Other Salaries and Wages: $58,800
For more financial information, click here
What is the mission statement of Grace Korean Church Inc?
Grace Korean Church Inc's mission, as stated, revolves around glorifying the Triune God and expressing love towards Him through worship and sacraments. These spiritual practices are believed to provide grace and power. Additionally, the church adheres to the Great Commission, which encourages them to be witnesses of Jesus Christ to the entire world. Their mission also includes teaching the Bible and training disciples, as well as serving both local ministries and international missionary work. The church operates a Bible School for youth, furthering their dedication to spiritual growth and education.
Who is the CEO of Grace Korean Church Inc?
David Lee is the Pastor of Grace Korean Church Inc.
What is the revenue of Grace Korean Church Inc?
Grace Korean Church Inc's revenue in 2022 was $606,611.
Who are the executives of Grace Korean Church Inc and what are their salaries?
The average compensation at Grace Korean Church Inc during 2022 was $37,921. There are 3 employees at Grace Korean Church Inc.
There is 1 key member and their salary:
- Compensation: $54,964
- Related: $0
- Other: $36,000
Where can I find the form 990 for Grace Korean Church Inc?
Grace Korean Church Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Grace Korean Church Inc
Grace Korean Church Inc is dedicated to glorifying the Triune God and expressing their love for Him through worship and sacraments. They believe that these practices grant them grace and empowerment. Additionally, Grace Korean Church Inc embraces the Great Commission, which mandates them to be witnesses of Jesus Christ to all peoples worldwide. In line with this mission, they engage in various activities.
Firstly, Grace Korean Church Inc focuses on serving their local community and beyond. They accomplish this by conducting teachings and discipleship training sessions to help followers of Jesus. Furthermore, they actively participate in local ministry work and support international missionaries.
Secondly, Grace Korean Church Inc operates a Bible School specifically for young individuals. This program aims to educate and equip these young people with a deeper understanding of the Bible and the teachings of Jesus. By doing so, Grace Korean Church Inc hopes to foster a generation of dedicated and knowledgeable disciples.
In summary, Grace Korean Church Inc's mission revolves around glorifying God, expressing love through worship and sacraments, and fulfilling the Great Commission by serving their local community and supporting international missionaries. They also invest in the education of young people by running a Bible School to instill a strong foundation in Christian teachings.
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Impact
July, 2024
Grace Korean Church Inc's impact is centered on glorifying the Triune God through worship and sacraments, while also focusing on the Great Commission of being witnesses of Jesus Christ to all the earth. The church actively teaches the Bible, provides discipleship training, and serves both locally and through overseas missionary work. With a strong emphasis on youth education through Bible School programs, Grace Korean Church Inc is making a significant impact in Peachtree Corners, GA, spreading the message of faith and love.
This information is meant to be a general summary of Grace Korean Church 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.
- Investment Income: $30
- Gross Receipts: $606,611
Assets and Liabilities:
- Total Assets: $2,115,985
- Total Liabilities: $1,457,839
- Net Assets: $658,146
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Organization Details
Founding Year
2017
Principal Officer
David Lee
Main Address
3274 Medlock Bridge Road, Peachtree Corners, GA, 30092
NTEE Category
Code: X20 - Religion related
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