World Mission University
- Assets
- $8.4m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 59
- Location
- Los Angeles, CA
- Founding
- 05/1996
- Data as of
- 06/2020
- 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 06/2022, World Mission University employed 59 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 06/2020, World Mission University generated $2.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $2.3m during the year ending 06/2020. While expenses have increased by 3.5% 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
2020
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 | 40 | $74,880 |
Yoon Sung Hwan Board Member | Trustee | $0 | |
Hwang Jae Kil Board Member | Trustee | $0 | |
Choi Howard Board Member | Trustee | $0 | |
Choi Harold Board Member | Trustee | $0 | |
Yoon Kyung Ho Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $156,902 |
| Investment income | $21,086 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $323,753 |
| 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 | $2,449,980 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $1,171,790 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $35,278 |
| Payroll taxes | $99,464 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,310 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,600 |
| Advertising and promotion | $56,427 |
| Office expenses | $18,726 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $30,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,438 |
| Interest | $25,672 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $157,107 |
| Insurance | $14,464 |
| All other expenses | $0 |
| Total functional expenses | $2,302,303 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,079,138 |
| Savings and temporary cash investments | $1,152,026 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $214,756 |
| 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 | $40,466 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $3,700 |
| Other assets | $18,100 |
| Total assets | $8,360,723 |
| Accounts payable and accrued expenses | $18,024 |
| Grants payable | $0 |
| Deferred revenue | $393,378 |
| 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 | $2,077,473 |
| Total liabilities | $2,488,875 |
| 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 |
| Total liabilities and net assets/fund balances | $5,871,848 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that World Mission University has recieved totaling $50,260.
| Awarding Organization | Amount |
|---|---|
Lilly Endowment Inc Indianapolis, IN PURPOSE: PATHWAYS FOR TOMORROW INITIATIVE | $50,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $260 |
Suhn & Hanah Park Foundation Torrance, CA PURPOSE: SCHOLARSHIP | $0 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Synergy Academies Los Angeles, CA | $22,403,920 | $21,618,793 |
San Diego Jewish Academy San Diego, CA | $60,657,178 | $18,702,706 |
Curtis School Foundation Los Angeles, CA | $75,927,733 | $19,348,920 |
Excel Academy Charter Schools San Marcos, CA | $11,403,735 | $18,058,297 |
Le Lycee Francais De Los Angeles Los Angeles, CA | $97,517,378 | $23,043,510 |
Oregonians For Online Education Inc Scio, OR | $4,402,348 | $19,081,202 |
Willows Community School Culver City, CA | $69,044,375 | $19,353,304 |
Head Start Of Lane County Springfield, OR | $2,527,429 | $16,579,600 |
Hawking Steam Charter Schools Inc Chula Vista, CA | $87,803,315 | $18,115,527 |
Stem Preparatory Schools Inc Los Angeles, CA | $15,250,781 | $22,306,511 |
San Jacinto Valley Academy Inc San Jacinto, CA | $34,100,540 | $18,923,540 |
Delphi Schools Inc Sheridan, OR | $68,746,624 | $17,868,394 |