Global Broadcasting Service Of Hawaii
- Assets
- $3.9m
- Revenue
- $219.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Honolulu, HI
- Founding
- 12/2015
- Data as of
- 12/2023
- EIN
- 47-2456250
Organization Overview
Global Broadcasting Service Of Hawaii is located in Honolulu, HI. The organization was established in 2015. According to its NTEE Classification (X20) the organization is classified as: Christianity, 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. Global Broadcasting Service Of Hawaii 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 12/2023, Global Broadcasting Service Of Hawaii generated $219.0k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $67.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (24.1%) per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ENTITYS PRIMARY MISSION IS TO ESTABLISH A BUILDING FOR KOREAN CULTURAL CENTER IN HAWAII BY GATHERING FUNDS FROM VARIOUS COMMUNITY FUND RASING ACTIVITIES AND OBTAINING AID FROM KOREAN GOVERNMENT AND HAWAII STATE GOVERNMENT. THE ENTITY SPONSORS THE KOREAN EDUCATIONAL AND CULTURAL ACTIVITIES SUCH AS SHARING KOREAN CULTURE WITH LOCAL COMMUNITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOSTING SCHOLARSHIP AWARD EVENTS TO STUDENTS WHO EXCELL IN COMMUNITY VOLUNTEER ACTIVITIES AND SCHOLARSTIC ACHIEVEMENTS. INTRODUCING KOREAN MUSIC TO HAWAII COMMUNITY BY ARRANGING A KOREAN CONCERT. CONTRIBUTIONS FROM SPONSORING INDIVIDUALS AND BUSINESSES AND NET PROFITS FROM THE EVENTS ARE APPROPIRATED FOR ESTABLISHING THE KOREAN CULTURAL CENTER FUND.
SPONSORING VARIOUS COMMUNITY FUND RAISING ACTIVITIES TO GATHER FUND FOR ESTABLISHING THE KOREAN CULTURAL CENTER IN HAWAII. ACTIVITIES INCLUDE VISITING KOREAN CHURCHES IN HAWAII AND VISITING KOREA FOR OBTAINING KOREAN GOVERNMENT AID, ORGANIZING ANNUAL GOLF TOURNAMENT, AND PARTICIPATING HAWAII NON-PROFIT FUND RAISING EVENTS SUCH AS GIVE ALOHA SPONSORED BY FOODLAND COMPANY.
INTRODUCING AUTHENTIC OR FUSION KOREAN FOODS TO THE LOCAL COMMUNITY BY SPONSORING AND ORGANIZING KOREAN FOOD TASTING EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chang-Kwak Amanda Chairman/director | OfficerTrustee | 5 | $0 |
Kim James Y T Director | Trustee | 2 | $0 |
Kim Young Hae Director | Trustee | 2 | $0 |
Cho Kwan Jay Director | Trustee | 2 | $0 |
Gregory Gap Suk Director | Trustee | 2 | $0 |
Fooi-Jang Byun Director | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $218,886 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $218,886 |
| Total Program Service Revenue | $0 |
| Investment income | $110 |
| 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 | $218,996 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $0 |
| Advertising and promotion | $11,394 |
| Office expenses | $2,209 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,209 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $897 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $67,395 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $431,608 |
| Savings and temporary cash investments | $35,971 |
| Pledges and grants receivable | $5,000 |
| 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 | $3,448,715 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,921,294 |
| 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 | $1,751,918 |
| Unsecured mortgages and notes payable | $15,300 |
| Other liabilities | $0 |
| Total liabilities | $1,767,218 |
| Net assets without donor restrictions | $552,581 |
| Net assets with donor restrictions | $1,601,495 |
| 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 | $3,921,294 |