Overview
What is The Korea Gospel Mission Inc?
The Korea Gospel Mission Inc is a nonprofit organization situated in Phoenix, Arizona. Their primary mission is to provide assistance to impoverished individuals and communities both domestically and internationally. This assistance is focused on both the physical and spiritual well-being of children, with a particular focus on the poorest segments in the United States, South Korea, and other underdeveloped nations. Their activities and mission revolve around identifying and aiding these children in need.
Official website here: www.koreagospelmission.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 57%, One-Star out of Four Stars
The Korea Gospel Mission Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization scored 57% overall, with critical weaknesses noted in board independence and governance policies. Specifically, the board has no independent members, which raises questions about oversight and decision-making.
Despite some positive points, such as a strong liabilities to assets ratio and a commendable program expense ratio of 67.51%, the nonprofit lacks essential policies like a whistleblower policy and documentation of board meeting minutes. These deficiencies contribute to a lower score and reflect a need for improved governance practices to ensure transparency and accountability.
While the organization does have a conflict of interest policy in place and has listed its website on its tax form, the absence of key documents and policies indicates areas for enhancement. Addressing these issues could help bolster the overall efficacy and trustworthiness of The Korea Gospel Mission Inc.
This AI summary has been generated from information found on Charity Navigator.
Is The Korea Gospel Mission Inc legitimate?
The Korea Gospel Mission Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Korea Gospel Mission 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
Official website here: www.koreagospelmission.org
What is the mission statement of The Korea Gospel Mission Inc?
The Korea Gospel Mission Inc's mission is focused on identifying and assisting in providing both physical and spiritual care for some of the most impoverished children not only in the United States but also in South Korea and other underprivileged nations. Their activities extend beyond the United States, aiming to make a difference in children's lives worldwide. In addition to their mission, they offer evangelical, social, and educational services to organizations that support impoverished individuals and communities.
Official website here: www.koreagospelmission.org
Who is the CEO of The Korea Gospel Mission Inc?
Man Jong Yoo is the President of The Korea Gospel Mission Inc.
Official website here: www.koreagospelmission.org
What is the revenue of The Korea Gospel Mission Inc?
The Korea Gospel Mission Inc's revenue in 2022 was $3,993.
Official website here: www.koreagospelmission.org
Who are the executives of The Korea Gospel Mission Inc and what are their salaries?
There 2 volunteers at The Korea Gospel Mission Inc.
Here are 4 key members and their salaries:
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Official website here: www.koreagospelmission.org
Where can I find the form 990 for The Korea Gospel Mission Inc?
The Korea Gospel Mission Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.koreagospelmission.org
Learn more at the official website: www.koreagospelmission.org
Mission Statement of The Korea Gospel Mission Inc
The Korea Gospel Mission Inc is dedicated to identifying and providing for the physical and spiritual needs of some of the poorest children not just in the United States, but also in South Korea and various impoverished nations worldwide. This nonprofit organization's mission is multifaceted, encompassing the provision of evangelical, social, and educational services to organizations that support impoverished individuals and communities. By doing so, The Korea Gospel Mission Inc strives to make a significant impact on the lives of these children, offering them a glimmer of hope and support during their most challenging times.
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Impact
August, 2024
The Korea Gospel Mission Inc has a profound impact on some of the poorest children in the United States, South Korea, and other impoverished nations. Through their evangelical, social, and educational services, this organization plays a crucial role in supporting individuals and communities in need. By providing for the physical and spiritual care of vulnerable children, The Korea Gospel Mission Inc is making a difference in the lives of those who are most in need of assistance.
This information is meant to be a general summary of The Korea Gospel Mission 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: -$1,307
- Gross Receipts: $26,615
Assets and Liabilities:
- Total Assets: $286,121
- Total Liabilities: $0
- Net Assets: $286,121
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Organization Details
Phone
(602) 795-6678Principal Officer
Man Jong Yoo
Main Address
PO BOX 47765, PHOENIX, AZ, 85068
Website
www.koreagospelmission.orgNTEE Category
Code: X00 - Religion related
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