Agape Way
- Assets
- $157.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Chapel Hill, NC
- Founding
- 05/2002
- Data as of
- 12/2023
- EIN
- 56-2222794
Organization Overview
Agape Way is located in Chapel Hill, NC. The organization was established in 2002. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Agape Way 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, Agape Way generated $146.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $119.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wanbing Frank Li President & CEO | 40 | $49,943 | |
Aijun Anna Li Vice President | 20 | $0 | |
John Swem Board Chair | 2 | $0 | |
Yongmei Li Treasurer | 2 | $0 | |
James Chang Board Member | 1 | $0 | |
Taili Kwan Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $147,381 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $7 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$529 |
| Other Revenue | $0 |
| Total Revenue | $146,859 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $96,021 |
| Professional fees and other payments to independent contractors | $1,640 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $293 |
| Other expenses | $3,328 |
| Total expenses | $119,612 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $157,425 |
| Other assets | $0 |
| Total assets | $157,425 |
| Total liabilities | $120,141 |
| Net assets or fund balances | $37,284 |