Hanmee Presbyterian Church
- Assets
- $5.1m
- Revenue
- $740.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Itasca, IL
- Founding
- 07/2000
- Data as of
- 12/2021
- EIN
- 36-4038886
Organization Overview
Hanmee Presbyterian Church is located in Itasca, IL. The organization was established in 2000. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hanmee Presbyterian Church is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Hanmee Presbyterian Church generated $740.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.5%) each year. All expenses for the organization totaled $827.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
MISSION OF HANMEE PRESBYTERIAN CHURCH IS TO PROCLAIM THE GOOD NEWS OF JESUS CHRIST. ALSO THE VISION OF CHURCH IS TO MAKE FULLY DEVOTED DISCIPLES OF CHRIST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STATEMENT OF THREE LARGEST PROGRAM SERVICE ACCOMPLISHMENTS.ONE,PROVISION OF SPIRITUAL NEED (WORSHIP)HANMEE PRESBYTERIAN CHURCH FILLS THE SPIRITUAL NEEDS OF ITS MEMBERS THROUGH WORSHIP.THROUGH PRAISE, PRAYER, AND PASTOR'S SERMON EVERY WEEK, WE LET THEM REALIZE GOD'S LOVE ANDGRACE, LOOK BACK ON THEIR LIVES. THROUGH WORSHIP, ALL THE MEMBERS IN OUR CHURCH BECOMESMORE THANKFUL, LIVES A BETTER LIFE, AND HAS A POSITIVE ATTITUDE TOWARD THE WORLD. IN ADDITION TOSUNDAY WORSHIP, WE PROVIDE A PRAYER MEETING EVERYDAY MORNING, AND WORSHIP ON FRIDAYEVENINGS TO CARE FOR THE NEEDS OF THE SOULS.
TWO,PROVISION OF INTELLECTUAL NEED (EDUCATION)HANMEE PRESBYTERIAN CHURCH IS EDUCATING CHILDREN ON HOW TO LIVE IN THE WORLD AS CHILDREN OFGOD. TO THIS END, THE MINISTRY OF EDUCATION HAS BEEN FORMED, AND FOUR PROFESSIONAL PASTORSHAVE BEEN HIRED TO PROVIDE EDUCATION FROM INFANTS, TODDLERS, KINDERGARTENERS, TO YOUTHGROUPS. CHILDREN LEARN HOW TO LIVE A GOOD LIFE THROUGH GOD'S WORD AND ACTIVITIES EVERY SUNDAY. ALSO, FOR THOSE WHO NEED COUNSELING, WE PROVIDE THEM A CHANCE TO COUNSEL WITHPROFESSIONAL COUNSELLOR.
THREE,PROVISION OF ECONOMICAL NEED (RELIEF AND MISSION)HANMEE PRESBYTERIAN CHURCH TAKES CARE OF THE NEEDS OF LOCAL COMMUNITIES. WE DONATESMALL ITEMS THROUGH PAD MINISTRY AND FOOD PANTRY, AND WE SEND MONEY AND SERVE THE FOODTO THE 'PRAYER OF HOUSE' IN CHICAGO. THE 'PRAYER OF HOUSE' IS AN ORGANIZATION WHICH SERVES THEHOMELESS PEOPLE IN CHICAGO UPTOWN. AND WHEN THERE WAS A NATIONAL DISASTER, WE GATHERMONEY TO HELP SOMEONE WHO WERE IN NEED. WE ALSO SET UP A CHURCH IN THE SANTO DOMINGO,MEXICO. AND WE HAVE SUPPORTED THE CHURCH FOR 20 YEARS HELPING THEM TO WORSHIP AND LETTHEM HAVE AN EDUCATION IN A BETTER ENVIRONMENT. ALSO, BY SENDING MONEY TO THEMISSIONARIES WHO WERE SCATTERED ALL AROUND THE WORLD, WE ARE TO SERVE AND HELP THE POOR INEACH REGION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Woojong Kim Director | OfficerTrustee | 18 | $0 |
Hyun Jun Director | OfficerTrustee | 18 | $0 |
Samuel Hwang Director | OfficerTrustee | 18 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $698,242 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $42,682 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $740,924 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $740,924 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $238,374 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,719 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,023 |
| Advertising and promotion | $5,300 |
| Office expenses | $39,139 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $49,262 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $149,853 |
| Insurance | $0 |
| All other expenses | $143,120 |
| Total functional expenses | $827,783 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $540,140 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4,515,755 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,055,895 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $963,646 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $963,646 |
| Net assets without donor restrictions | $4,092,249 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,055,895 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hanmee Presbyterian Church has recieved totaling $6,545.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: PLACE OF WORSHIP | $6,545 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Church Of The Brethren Benefit Trust Inc Elgin, IL | $509,755,287 | $50,694,165 |
Kanakuk Ministries Branson, MO | $43,790,256 | $23,660,219 |
Relevant Radio Inc Lincolnshire, IL | $100,083,301 | $30,552,688 |
Woodhaven Learning Center Columbia, MO | $17,651,573 | $16,164,282 |
Josiah Venture Nfp Wheaton, IL | $16,890,117 | $13,544,001 |
Alpha Usa Naperville, IL | $4,051,813 | $10,198,645 |
Wesley Village Inc Macomb, IL | $11,643,378 | $8,896,317 |
Doulos Ministries Inc Independence, MO | $17,094,809 | $7,030,778 |
Siebert Lutheran Foundation Inc Milwaukee, WI | $97,193,025 | $11,548,581 |
International Messengers Clear Lake, IA | $5,781,763 | $6,946,691 |
International House Of Prayer Kansas City, MO | $184,048 | $5,377,714 |
American Lutheran Church Elk Horn, IA | $6,340,352 | $5,973,020 |