Danbi Christian Tv Inc
- Assets
- $705.4k
- Revenue
- $547.9k
- Investments
- $0.0
- Employees
- 6
- Location
- Flushing, NY
- Founding
- 02/2007
- Data as of
- 12/2021
- EIN
- 11-3476590
Organization Overview
Danbi Christian Tv Inc is located in Flushing, NY. The organization was established in 2007. According to its NTEE Classification (X82) the organization is classified as: Religious Television, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Danbi Christian Tv Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Danbi Christian Tv 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, Danbi Christian Tv Inc generated $547.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.5%) each year. All expenses for the organization totaled $492.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (9.5%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S MISSION IS TO SPREAD THE GOSPEL AND ADVANCE THE RELIGION OF CHRISTIANITY AND WITNESS THE LOVE OF JESUS CHRIST TO THE GENERAL PUBLIC BY BROADCASTING CHRISTIAN TV PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION BROADCASTS CHRISTIAN CONTENTS AND THE GOSPEL THROUGH A CABLE CHANNEL IN THE NEW YORK, NEW JERSEY METROPOLITAN AREAS REACHING OUT TO THE GENERAL PUBLIC.
THE ORGANIZATION MAINTAINS AND UPDATES ITS WEBSITE ON A DAILY BASIS, WHICH INCLUDES THE CHRISTIAN NEWS, UPLOADED WORSHIP VIDEOS, DAILY PRAYERS AND GOSPEL. THE GENERAL PUBLIC CAN ACCESS THE CONTENTS OF THE WEBSITE 24 HOURS A DAY AND 7 DAYS A WEEK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sang Gno Jung President | OfficerTrustee | 40 | $60,000 |
Daniel S Choi Treasurer | Officer | 40 | $35,000 |
Paul C Yang Trustee | Trustee | $0 | |
Seoung Kook Kim Trustee | Trustee | $0 | |
Seung H Kim Trustee | Trustee | $0 | |
Jong Sung Kim Trustee | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $49,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $382,130 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $431,630 |
| Total Program Service Revenue | $116,300 |
| 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 | $547,930 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,300 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $95,000 |
| Compensation of current officers, directors, key employees. | $50,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $45,453 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,400 |
| Payroll taxes | $10,764 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,230 |
| Advertising and promotion | $9,014 |
| Office expenses | $16,394 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $43,633 |
| Travel | $7,673 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,807 |
| Interest | $20,913 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,684 |
| Insurance | $13,077 |
| All other expenses | $0 |
| Total functional expenses | $492,302 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $296,376 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $268,512 |
| 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 | $87,471 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $53,050 |
| Total assets | $705,409 |
| Accounts payable and accrued expenses | $24,500 |
| 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 | $855,600 |
| Other liabilities | $4,050 |
| Total liabilities | $884,150 |
| Net assets without donor restrictions | -$178,741 |
| 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 | $705,409 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Danbi Christian Tv Inc has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Grace Charity Foundation Inc Randolph, NJ PURPOSE: CHARITABLE | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cornerstone Television Inc Wall, PA | $10,719,548 | $5,370,294 |
Sonshine Family Television Corp Allentown, PA | $6,761,093 | $1,290,037 |
Sonshine Media Group Allentown, PA | $95,672,246 | $2,407,357 |
Danbi Christian Tv Inc Flushing, NY | $705,409 | $547,930 |
Domestic Church Media Foundation Trenton, NJ | $1,838,243 | $415,588 |
Scala Media Inc Ridgewood, NY | $28,230 | $0 |
John J Cummings Charitable Tr Buffalo, NY | $1,024,573 | $92,151 |
Jake Tv Inc Brooklyn, NY | $6,048 | $0 |
Communitas Dei Association New York, NY | $9,714 | $22,643 |
Perfect Peace Ministries Inc Williamstown, NJ | $10,000 | $0 |