Korean Baptist Church
- Assets
- $75.1k
- Revenue
- $257.6k
- Investments
- $0.0
- Employees
- 2
- Location
- Colorado Springs, CO
- Founding
- 01/1995
- Data as of
- 12/2019
- EIN
- 84-1284211
Organization Overview
Korean Baptist Church is located in Colorado Springs, CO. The organization was established in 1995. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. As of 12/2019, Korean Baptist Church employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Korean Baptist Church is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
THE CHURCH ENCOURAGES EVERY CHURCH MEMBERS TO SPREAD THE GOOD NEWS OF JESUS CHRIST TO NON-BELIEVERS, AND EQUIP THEM FOR SPIRITUAL MATURITY THROUGH WORSHIP SERVICES, DISCIPLESHIP TRAININGS, CELL GROUP MEETINGS, BIBLE STUDIES, AND MISSION TRIPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION WAS ESTABLISHED FOR THE PURPOSE OF ITS MEMBERS TO MAINTAIN AND IMPROVE THEIR SPRITUAL WELL BEINGS THROUGH ATTENDING WORSHIP SERVICES AND BIBLICAL EDUCATION WITH PRAYERS. 1. WORSHIP SERVICES: THE CHURCH HOLDS A KOREAN WORSHIP SERVICE EVERY SUNDAY AT 10:50 AM. AN EARLY MORNING PRAYER SERVICE IS HELD AT 5:30 AM EVERYDAY, AND A PRAISE AND WORSHIP SERVICE IS HELD AT 7:00 PM EVERY WEDNESDAY NIGHT. THESE SERVICES ARE HELD AT THE MAIN SANCTUARY OF THE CHURCH AND THEY ARE LED BY THE CHURCH PASTORS. 2. SUNDAY SCHOOL: THE CHURCH HOLDS A BIBLE SCHOOL EVERY SUNDAY FOR CHILDREN AT 10:00 AM., AND FOR YOUTH AND TODDLERS AND INFANTS AT 11:00 AM.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Park President | OfficerTrustee | 40 | $36,000 |
Thomas Chang Board Member | Trustee | 2 | $0 |
Young Choi Board Member | Trustee | 2 | $0 |
Jooran Kim Secretary | OfficerTrustee | 2 | $0 |
Won Kim Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $257,524 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $257,524 |
| Total Program Service Revenue | $0 |
| Investment income | $31 |
| 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 | $257,555 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $99,420 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,183 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,500 |
| 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 | $49,605 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,638 |
| All other expenses | $15,580 |
| Total functional expenses | $276,200 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $60,545 |
| Savings and temporary cash investments | $14,553 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $75,098 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $75,098 |
| Total liabilities and net assets/fund balances | $75,098 |