King Of Glory Ministries Inc
- Assets
- $3.6k
- Revenue
- $8.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Avondale, AZ
- Founding
- 09/1995
- Data as of
- 12/2021
- EIN
- 86-0799798
Organization Overview
King Of Glory Ministries Inc is located in Avondale, AZ. The organization was established in 1995. 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. King Of Glory Ministries 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 12/2021, King Of Glory Ministries Inc generated $8.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (25.0%) each year. All expenses for the organization totaled $11.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (18.4%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2020 KING OF GLORY ESTABLISHED A CHURCH MISSION IN INCHEON S. KOREA HEAVEN ON EARTH MISSION CENTER WHICH INCLUDES A CHURCH KITCHEN AND CLASSROOM. FUNDS IN 2021 FROM KING OF GLORY WERE GIVEN TO SUPPORT MISSION COSTS INCLUDING RENT UTILITIES MAINTENANCE ETC. FREE LUNCHES WERE ALSO PROVIDED TO ATTENDEES. THE HOEMC ALSO MADE CASH CONTRIBUTIONS TO OTHER S. KOREAN CHURCHES AND CHARITABLE ORGANIZATIONS.
DONATIONS TO HOLY FIRE JESUS NATION MINISTRIES EVANGELIST JOSEPH PAK FROM SOUTH KOREA FOR TRAVEL EXPENSES FROM S. KOREA TO USA AND BACK FOR THE PURPOSE OF MULTIPLE MISSION TRIPS TO MEXICO AND TO PREACH AND MINISTER TO SEVERAL PHOENIX AZ CONGREGATIONS. DONATION WAS FOR AIRFARE. DATES IN USA FROM 6 10 21 THRU 7 30 21.
CASH DONATION TO FRESH LIVING WATER MINISTRIES A 501C3 MINISTRY OF BOB AND TRISHA KOO WHICH FOCUSES ON MISSIONS TO NATIVE AMERICAN INDIAN RESERVATIONS.
DONATED 41 BOOKS IN KOREAN LANGUAGE AUTHORED BY FOUNDATION PRESIDENT "THE DAY HEAVEN TOUCHED ME". BOOKS WERE DONATED IN THE USA AND S. KOREA AT A PRINTING COST OF $5.88 PER BOOK = $241. THE BOOK IS A WITNESSING TOOL FOR THE MINISTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edgar P Sonn Vice-President | 10 | $0 | |
Song Suk Sonn President | 40 | $0 | |
James Mccardell Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $7,437 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,000 |
| Total Revenue | $8,437 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $282 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,613 |
| Printing and publications | $186 |
| Other expenses | $7,846 |
| Total operating and administrative expenses | $10,048 |
| Contributions, gifts, grants paid | $1,082 |
| Total expenses and disbursements | $11,130 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,831 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $1,524 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $282 |
| Other assets | $0 |
| Total assets | $3,637 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, King Of Glory Ministries Inc has awarded $1,082 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HOLY FIRE JESUS NATION - JOSEPH PAK PURPOSE: MISSION ROUND TRIP AIRFARE FROM S. KOREA TO USA FOR MINISTERING IN PHOENIX AZ AND MISSION TRIPS TO MEXICO | $832 |
FRESH LIVING WATER MINISTRIES PURPOSE: GENERAL PURPOSE FOR MISSIONARY USE E.G. TRAVEL ACCOMMODATIONS DURING MISSION TRIPS TO NATIVE AMERICAN RESERVATIONS. | $250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Summit Ministries Inc Manitou Springs, CO | $15,859,073 | $12,358,452 |
Glorieta 2-0 Inc Glorieta, NM | $10,000,063 | $8,243,412 |
Community Build Inc Los Angeles, CA | $3,997,471 | $9,365,253 |
Lake Mission Viejo Association Mission Viejo, CA | $11,099,981 | $7,973,182 |
Masters Academy International Inc Sun Valley, CA | $13,685,330 | $10,175,321 |
India Transformed Denver, CO | $8,662,864 | $16,064,070 |
Society For Christian Instruction Ripon, CA | $27,201,760 | $9,423,324 |
Path Of Life Ministries Riverside, CA | $2,263,670 | $6,512,094 |
Messenger International Inc Palmer Lake, CO | $6,208,879 | $7,054,114 |
Reasons To Believe Covina, CA | $11,307,882 | $5,805,662 |
Priority Living Inc Corona, CA | $3,682,514 | $6,284,416 |
Global Training Network Inc Peoria, AZ | $3,445,890 | $6,634,687 |