Agape Renewal Ministry
- Assets
- $8.4m
- Revenue
- $1.5m
- Investments
- $3.8m
- Employees
- 23
- Location
- Walnut, CA
- Founding
- 06/1988
- Data as of
- 12/2021
- EIN
- 94-3041037
Organization Overview
Agape Renewal Ministry is located in Walnut, CA. The organization was established in 1988. 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, Agape Renewal Ministry employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Agape Renewal Ministry 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, Agape Renewal Ministry generated $1.5m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S GOAL IS TO SPREAD THE GOSPEL AND PROVIDE CHRISTIAN LEADERSHIP TRAINING TO PASTORS AND CHURCH LEADERS BY PROVIDING SEMINARS, CONFERENCES AND THEOLOGICAL AND BIBLE COURSES THROUGH REGULAR AND CLASSROOM INSTRUCTION.
Describe the Organization's Program Activity:
TO PROVIDE SPECIAL TRAINING PROGRAMS TO CHURCH LEADERS OR PASTORS THROUGH SPECIAL EDUCATION PROGRAMS.
TO PROVIDE SPIRITUAL ENRICHMENT TO CHRISTIANS THROUGH SPECIAL SEMINARS AND PROGRAMS CONDUCTED IN SEVERAL CONFERENCES GATHERINGS AND MEETINGS DURING THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hung Tai Fan Officer | OfficerTrustee | 40 | $56,262 |
Ernest C Chan Board Member | Trustee | 0 | $0 |
David Chyan Board Member | Trustee | 0 | $0 |
Timothy Su Board Member | Trustee | 0 | $0 |
Thomas Taiwei Lu Board Member | Trustee | 0 | $0 |
Fa Chang Board Member | Trustee | 0 | $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 | $1,047,024 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,047,024 |
| Total Program Service Revenue | $457,728 |
| Investment income | $112 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $18,758 |
| 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 | $1,523,622 |
| 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. | $56,262 |
| Compensation of current officers, directors, key employees. | $22,505 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $714,939 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $63,829 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $750 |
| Advertising and promotion | $0 |
| Office expenses | $15,309 |
| Information technology | $12,544 |
| 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 | $4,362 |
| Interest | $38,695 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $43,869 |
| Insurance | $81,353 |
| All other expenses | $49,027 |
| Total functional expenses | $1,178,523 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $429,115 |
| Savings and temporary cash investments | $531,952 |
| 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 | $8,000 |
| Net Land, buildings, and equipment | $3,618,213 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,830,886 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $20,001 |
| Total assets | $8,438,167 |
| 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 | $1,349,249 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,349,249 |
| Net assets without donor restrictions | $7,088,918 |
| 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 | $8,438,167 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Agape Renewal Ministry has recieved totaling $19.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $19 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Amazing Facts International Granite Bay, CA | $89,775,280 | $35,047,793 |
Kingdom Causes Long Beach, CA | $4,022,983 | $21,219,613 |
Youth With A Mission San Diego-Baja Chula Vista, CA | $22,048,486 | $17,148,909 |
Christ-Centered Ministries Inglewood, CA | $3,642,191 | $13,458,260 |
Neighborhood Ministries Inc Phoenix, AZ | $8,839,353 | $14,695,989 |
Latino Coalition For Community Leadership Bakersfield, CA | $2,661,885 | $14,445,845 |
Hope Services Hawaii Inc Hilo, HI | $6,998,663 | $14,894,055 |
Living Stream Anaheim, CA | $110,298,756 | $20,926,950 |
Luis Palau Association Portland, OR | $14,968,196 | $16,675,451 |
Rescue International Dana Point, CA | $7,874,025 | $9,695,100 |
Community Build Inc Los Angeles, CA | $3,997,471 | $9,365,253 |
Lake Mission Viejo Association Mission Viejo, CA | $11,099,981 | $7,973,182 |