Good Friend Ministry
- Assets
- $737.8k
- Revenue
- $38.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Irvine, CA
- Founding
- 07/1983
- Data as of
- 12/2023
- EIN
- 95-3842453
Organization Overview
Good Friend Ministry is located in Irvine, CA. The organization was established in 1983. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Good Friend 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 12/2023, Good Friend Ministry generated $38.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $29.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Good Friend Ministry has awarded 37 individual grants totaling $142,050. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eugene J Choy President | 10 | $0 | |
Misang Choy Vice President | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $38,887 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $38,887 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $475 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $45 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,320 |
| Contributions, gifts, grants paid | $27,500 |
| Total expenses and disbursements | $29,820 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,241 |
| Savings and temporary cash investments | $728,515 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $737,756 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $47,300 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $47,300 |
Grants Awarded
Over the last fiscal year, Good Friend Ministry has awarded $27,500 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
SILVER WAVE MISSION PURPOSE: REGULAR DONOR | $14,000 |
JESUS ONLINE MINISTRIES PURPOSE: REGULAR DONOR | $3,000 |
THE LAST RUNNERS PURPOSE: REGULAR DONOR | $4,000 |
MTC MINISTRY PURPOSE: REGULAR DONOR | $5,000 |
PACIFIC JUSTICE INSTITUTE PURPOSE: REGULAR DONOR | $1,200 |
PRISON FELLOWSHIP PURPOSE: REGULAR DONOR | $200 |