Gloria World Mission
- Assets
- $991.9k
- Revenue
- $702.7k
- Investments
- $0.0
- Employees
- 6
- Location
- Chula Vista, CA
- Founding
- 05/1999
- Data as of
- 12/2022
- EIN
- 33-0833027
Organization Overview
Gloria World Mission is located in Chula Vista, CA. The organization was established in 1999. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. As of 12/2022, Gloria World Mission employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gloria World Mission 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, Gloria World Mission generated $702.7k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $535.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.1%) per year over the past 8 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
TO OPERATE A MISSION TO PREACH THE GOSPEL OF JESUS CHRIST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GLORIA WORLD MISSION IS ORGAZINED FOR EVANGELIZING THROUGH SPORTS, MEN AND WOMEN MINISTRY, HOMELESS, ORPHANGE, ELDERY CARE, PRISON MINISTRY AND GOSPEL MEETINGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph D S Hong Chief Executive Officer | Officer | 40 | $66,000 |
John Su Secretary | Officer | 15 | $0 |
Jane Hong Financial Officer | Officer | 30 | $0 |
Financial Statements
| 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 | $587,078 |
| Noncash contributions included in lines 1a–1f | $17,158 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $587,078 |
| Total Program Service Revenue | $115,280 |
| Investment income | $343 |
| 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 | $702,701 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,177 |
| Grants and other assistance to domestic individuals. | $500 |
| Grants and other assistance to Foreign Orgs/Individuals | $274,531 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $66,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $31,662 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,651 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,090 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,434 |
| Office expenses | $1,158 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $58,401 |
| Travel | $35,962 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,172 |
| Interest | $2,596 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,422 |
| Insurance | $4,522 |
| All other expenses | $8,834 |
| Total functional expenses | $535,757 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,455 |
| Savings and temporary cash investments | $934,159 |
| Pledges and grants receivable | $0 |
| 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 | $32,286 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $991,900 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $89,196 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $89,196 |
| Net assets without donor restrictions | $867,704 |
| Net assets with donor restrictions | $35,000 |
| 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 | $991,900 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Gloria World Mission has recieved totaling $22,745.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $22,722 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $23 |
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|---|---|---|
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Alliance For Housing And Healing Los Angeles, CA | $3,099,540 | $10,429,736 |
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Voice Of Prophecy Riverside, CA | $11,402,103 | $7,152,408 |
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College Golf Fellowship Roseville, CA | $4,740,992 | $5,717,609 |
Associated Builders & Contractors Of Southern California Anaheim, CA | $3,214,682 | $4,513,844 |
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