Korean Mission Church Of Oregon is located in Portland, OR. The organization was established in 2002. 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. Korean Mission Church Of Oregon 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 12/2022, Korean Mission Church Of Oregon generated $362.3k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $319.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 4 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCH O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WORSHIP SERVICE AND MISSIONARY SERVICES, AS WELL AS EDUCATION SERVICE FOR YOUTH GROUP. FELLOWSHIP WITHIN THE CHURCH COMMUNITY AND CMMUNITY SERVICES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Hwanjun Joo Pastor | OfficerTrustee | 40 | $30,000 |
Chang Kyu Lee Secretary | Trustee | 20 | $0 |
Kwang Chun Lee Director Of Mission | Trustee | 20 | $0 |
Ha Chan Choi Director Of Finance | Trustee | 20 | $0 |
James Hong Director Of Building | Trustee | 30 | $0 |
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 | $225,205 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $225,205 |
Total Program Service Revenue | $0 |
Investment income | $0 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $137,059 |
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 | $362,264 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $7,642 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $11,800 |
Benefits paid to or for members | $39,600 |
Compensation of current officers, directors, key employees. | $30,000 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $39,950 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $5,236 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $550 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $8,293 |
Information technology | $3,237 |
Royalties | $0 |
Occupancy | $0 |
Travel | $6,000 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $9,069 |
Interest | $60,538 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $9,817 |
All other expenses | $62,112 |
Total functional expenses | $319,329 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $5,000 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $54,672 |
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 | $2,605,500 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $2,665,172 |
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 | $1,230,834 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $1,230,834 |
Net assets without donor restrictions | $1,434,338 |
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 | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $2,665,172 |
Over the last fiscal year, we have identified 1 grants that Korean Mission Church Of Oregon has recieved totaling $184.
Awarding Organization | Amount |
---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $184 |
Organization Name | Assets | Revenue |
---|---|---|
Turning Point For God Lakeside, CA | $55,591,424 | $109,738,214 |
Crista Ministries Shoreline, WA | $133,575,378 | $73,059,150 |
Northwest Harvest E M M Seattle, WA | $90,036,518 | $96,557,942 |
Family Resource & Referral Center Of San Joaquin Stockton, CA | $22,143,375 | $58,140,912 |
Yellow Chair Foundation San Francisco, CA | $899,830,560 | $147,461,050 |
St Vincent De Paul Village Inc San Diego, CA | $50,446,763 | $60,152,162 |
Open Doors With Brother Andrew Inc Santa Ana, CA | $12,195,285 | $33,559,571 |
Cityteam Ministries San Jose, CA | $57,357,554 | $43,092,381 |
Joni And Friends Agoura Hills, CA | $42,271,581 | $29,467,878 |
Catholic Community Foundation Of Los Angeles Los Angeles, CA | $298,852,432 | $83,411,965 |
Josephine Caring Community Stanwood, WA | $33,167,845 | $28,609,215 |
Amazing Facts International Granite Bay, CA | $89,775,280 | $35,047,793 |