World Mission University
- Assets
- $10.6m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 70
- Location
- Los Angeles, CA
- Founding
- 05/1996
- Data as of
- 06/2023
- EIN
- 95-4230730
Organization Overview
World Mission University is located in Los Angeles, CA. The organization was established in 1996. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2024, World Mission University employed 70 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. World Mission University 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 06/2023, World Mission University generated $3.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $2.6m during the year ending 06/2023. While expenses have increased by 5.7% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
WORLD MISSIN UNIVERSITY EMPOWERS PEOPLE THROUGH TRANSFORMATIONAL BIBLICAL EDUCATION TO SERVE THE CHURCH AND IMPACT THE WORLD FOR CHRIST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WORLD MISSION UNIVERSITY OFFERS RELIGIOUS STUDY PROGRAMS AS A POST SECONDARY EDUCATION INSTITUTION.
WORLD MISSION UNIVERSITY OFFERS RELIGIOUS STUDY PROGRAMS AS A POST SECONDARY EDUCATION INSTITUTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lim Sung Jin President | OfficerTrustee | $0 | |
Yoon Sung Hwan Board Member | Trustee | $0 | |
Yoon Kyung Ho Board Member | Trustee | $0 | |
Jung Sung Kil Board Member | Trustee | $0 | |
Choi Harold Board Member | Trustee | $0 | |
Hwang Jae Kil Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $21,850 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,731,431 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,753,281 |
| Total Program Service Revenue | $1,916,770 |
| Investment income | $29,786 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $241,288 |
| 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 | $3,949,349 |
| 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 | $1,428,443 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $24,732 |
| Payroll taxes | $97,490 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $52,675 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $58,272 |
| Office expenses | $196,677 |
| 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 | $1,267 |
| Interest | $28,038 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $153,886 |
| Insurance | $50,635 |
| All other expenses | $147,753 |
| Total functional expenses | $2,614,107 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,468,169 |
| Savings and temporary cash investments | $3,355,932 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $67,184 |
| 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 | $66,946 |
| Net Land, buildings, and equipment | $5,598,995 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,590 |
| Other assets | $1,600 |
| Total assets | $10,561,416 |
| Accounts payable and accrued expenses | $39,484 |
| Grants payable | $0 |
| Deferred revenue | $227,158 |
| 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 | $1,634,345 |
| Total liabilities | $1,900,987 |
| Net assets without donor restrictions | $8,660,429 |
| 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 | $10,561,416 |