The Korean First Presbyterian Church of Charlotte
- Assets
- $766.5k
- Revenue
- $616.3k
- Investments
- $0.0
- Employees
- 6
- Location
- Charlotte, NC
- Founding
- Data as of
- 12/2021
- EIN
- 56-1582356
Organization Overview
The Korean First Presbyterian Church of Charlotte is located in Charlotte, NC. As of 12/2021, Korean First Presbyterian Church of Charlotte employed 6 individuals. Korean First Presbyterian Church of Charlotte is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
EVANGELIZING CHRISTIANITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
EVANGELIZING AND OUTREACHING TO PEOPLE FOR THEIR SPIRITUAL NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dae Eog Sul Sr. Pastor | Officer | 40 | $45,000 |
Kwang S Koh Pastor | Officer | 40 | $40,000 |
Yoon J Na Pastor | Officer | 40 | $32,901 |
Elizabeth Son Pastor | Officer | 40 | $29,061 |
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 | $616,315 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $616,315 |
| 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 | $616,315 |
| 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. | $45,000 |
| Compensation of current officers, directors, key employees. | $45,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $112,146 |
| Pension plan accruals and contributions | $9,848 |
| Other employee benefits | $62,040 |
| Payroll taxes | $25,260 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,540 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,955 |
| Office expenses | $16,678 |
| Information technology | $3,745 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $334 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,522 |
| Interest | $0 |
| Payments to affiliates | $10,396 |
| Depreciation, depletion, and amortization | $103,724 |
| Insurance | $5,387 |
| All other expenses | $0 |
| Total functional expenses | $511,977 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $123,152 |
| 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 | $643,317 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $766,469 |
| Accounts payable and accrued expenses | $19,793 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $19,793 |
| Net assets without donor restrictions | $0 |
| 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 | $746,676 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $766,469 |
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