Sorae International Inc
- Assets
- $135.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Norristown, PA
- Founding
- 05/2019
- Data as of
- 03/2024
- EIN
- 82-4330184
Organization Overview
Sorae International Inc is located in Norristown, PA. The organization was established in 2019. 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. Sorae International Inc 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 03/2024, Sorae International Inc generated $133.7k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $144.8k during the year ending 03/2024. While expenses have increased by 10.4% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
MISSIONARY SUPPORT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joo Hyung Hong Board Member | 1 | $0 | |
Inhyun Ryu Board Member | 1 | $0 | |
Youngchun Cho Board Member | 1 | $0 | |
Joseph Park Board Member | 1 | $0 | |
Steven Chang Board Member | 1 | $0 | |
Jae Man Choi Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $106,373 |
| Total Program Service Revenue | $27,342 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $133,715 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $62,150 |
| Professional fees and other payments to independent contractors | $1,500 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $81,137 |
| Total expenses | $144,787 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $135,552 |
| Other assets | $0 |
| Total assets | $135,552 |
| Total liabilities | $0 |
| Net assets or fund balances | $135,552 |