Overview
What is Korean Evangelical Church Of America?
The Korean Evangelical Church of America, located at 1500 Crenshaw Blvd STE 100, Torrance, CA 90501, serves as the headquarter for a network of Korean evangelical churches in the United States. They are a nonprofit organization that holds annual meetings to report on their previous fiscal year's activities and elect a new board of directors. The church is dedicated to supporting missionary initiatives, contributing to their mission and purpose. With a small team of three employees, they work towards their objectives.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75%, Three-Star out of Four Star rating.
The Korean Evangelical Church of America has received a solid rating of 75%, which indicates a commendable level of accountability and financial health. This rating stems entirely from its accountability and finance score, reflecting the organization's strong governance structure and responsible financial practices. With 100% of board members being independent, the organization demonstrates a commitment to transparency and effective oversight.
The church's financial management is notable, with no material diversion of assets reported and a low liabilities to assets ratio of 18.19%. Additionally, its program expense ratio stands at 75.01%, suggesting that a significant portion of its expenses is directed toward fulfilling its mission and programs. The presence of a conflict of interest policy and thorough documentation practices further underscores its commitment to accountability.
While the organization shows strong performance in governance and finance, potential donors and supporters may benefit from looking for additional information on programmatic impact and community engagement to gain a fuller picture of its effectiveness. Overall, the Korean Evangelical Church of America exhibits a solid foundation in financial management and governance.
This AI summary has been generated from information found on Charity Navigator.
Is Korean Evangelical Church Of America legitimate?
Korean Evangelical Church Of America is a legitimate nonprofit organization registered as a 501(c)(3) entity. Korean Evangelical Church Of America 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: $46,500
For more financial information, click here
What is the mission statement of Korean Evangelical Church Of America?
The Korean Evangelical Church of America serves as the headquarters for various Korean Evangelical churches in the United States. It conducts annual meetings to review the previous fiscal year's activities and elect a new board of directors. The church's primary mission is to support missionary activities, promoting religious growth and unity within the Korean Evangelical community in America. Although the information provided is limited, it suggests that the church aims to foster a strong spiritual bond within its community and beyond, through the support of missionary work.
Who is the CEO of Korean Evangelical Church Of America?
Rev Zion Kim is the General Mana of Korean Evangelical Church Of America.
What is the revenue of Korean Evangelical Church Of America?
Korean Evangelical Church Of America's revenue in 2023 was $1,134,277.
Who are the executives of Korean Evangelical Church Of America and what are their salaries?
The average compensation at Korean Evangelical Church Of America during 2023 was $15,500. There are 3 employees at Korean Evangelical Church Of America.
Here are 8 key members and their salaries:
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Where can I find the form 990 for Korean Evangelical Church Of America?
Korean Evangelical Church Of America's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Korean Evangelical Church Of America
The Korean Evangelical Church of America serves as the headquarters for Korean Evangelical churches across America. Its primary role involves holding annual meetings, where they report on the previous fiscal year's activities and elect a new board of directors. Furthermore, this organization is committed to supporting missionary work. By doing so, the Korean Evangelical Church of America plays a significant role in the evangelical community in America, providing a platform for collaboration and support.
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Impact
July, 2024
The Korean Evangelical Church of America has had a significant impact on the Korean-American community and beyond by serving as the headquarters for Korean evangelical churches in America. Through its annual meetings, the organization provides a platform for member churches to come together, share experiences, and strengthen their faith. Additionally, by supporting missionary work, the Korean Evangelical Church of America extends its reach globally, spreading its message and values to a wider audience. This organization plays a vital role in fostering a sense of community, unity, and spiritual growth among Korean evangelicals in the United States.
This information is meant to be a general summary of Korean Evangelical Church Of America. 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 2023.
- Investment Income: $1,775
- Gross Receipts: $1,138,535
Assets and Liabilities:
- Total Assets: $3,853,690
- Total Liabilities: $701,339
- Net Assets: $3,152,351
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Organization Details
Founding Year
1982
Phone
(424) 558-3443Principal Officer
Rev Zion Kim
Main Address
1500 CRENSHAW BLVD STE 100, TORRANCE, CA, 90501
NTEE Category
Code: X20Z - Religion related
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