Korean Gospel Broadcasting Company Inc

Organization Overview

Korean Gospel Broadcasting Company Inc is located in Anaheim, CA. The organization was established in 1997. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Korean Gospel Broadcasting Company Inc employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Korean Gospel Broadcasting Company 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, Korean Gospel Broadcasting Company Inc generated $1.7m 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 (21.6%) each year. All expenses for the organization totaled $1.8m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (16.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

BROADCASTING GOSPEL AND VARIOUS RELIGIOUS PROGRAMS VIA AM 1190 24 HOURS EVERYDAY

Describe the Organization's Program Activity:

Part 3 - Line 4a

BROADCASTING GOSPEL AND VARIOUS RELIGIOUS PROGRAM VIA AM 1190 24 HOURS EVERYDAY


GRANTED THE FUND TO KOREAN GOSPEL BROADCASTING NETWORK TO KEEP OWNERSHIP OF AM 1190 RADIO STATION


MANNA MILL - PROVIDING LUNCHES FOR PEOPLE WHO ARE SUFFERING ECONOMIC HARDSHIP BY COVID-19 PANDEMIC.


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Board, Officers & Key Employees

Name (title)Compensation
Young Sun Lee
President
$36,000
Jungwoo Baek
Director
$0
Yu Chul Chin
Director
$0
Seung Hee David Ko
Director
$0
Joon Sik Kim
Director
$0
Hyuk Been Kwon
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$331,997
Related organizations$0
Government grants $106,392
All other contributions, gifts, grants, and similar amounts not included above$1,246,404
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,684,793
Total Program Service Revenue$0
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 $1,684,793

Grants Awarded

Over the last fiscal year, Korean Gospel Broadcasting Company Inc has awarded $566,000 in support to 2 organizations.

Grant RecipientAmount

KGBN

|

|

$560,000

MILAL MISSION

|

|

$6,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Korean Gospel Broadcasting Company Inc has recieved totaling $8,500.

Awarding OrganizationAmount
$6,000
Ojh Foundation

Fullerton, CA

PURPOSE: SUPPORT RELIGIOUS RADIO STATION

$1,500
Zion Mountain Foundation 12302009

Upland, CA

PURPOSE: NPO SUPPORT

$1,000
View Grant Recipient Profile

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