Grace Mission University
- Assets
- $1.2m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 49
- Location
- Fullerton, CA
- Founding
- 02/1996
- Data as of
- 06/2021
- EIN
- 95-4559065
Organization Overview
Grace Mission University is located in Fullerton, CA. The organization was established in 1996. As of 06/2021, Grace Mission University employed 49 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grace 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 06/2021, Grace Mission University generated $1.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $1.5m during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE RELIGIOUS EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE RELIGIOUS EDUCATION
DEPRECIATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bon Chul Koo Treasurer | OfficerTrustee | $0 | |
Daehyuck Yoon Secretary | OfficerTrustee | $0 | |
Kyunam Choi President | OfficerTrustee | $0 | |
Dong Joo Ahn Trustee | Trustee | $0 | |
Hongjoo Choi Trustee | Trustee | $0 | |
David Kim Trustee | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $73,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $151,073 |
| Noncash contributions included in lines 1a–1f | $73,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $224,073 |
| Total Program Service Revenue | $1,329,907 |
| Investment income | $0 |
| 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 | $1,837,254 |
| 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 | $580,555 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $54,190 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,689 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $24,881 |
| Office expenses | $5,507 |
| Information technology | $40,146 |
| Royalties | $0 |
| Occupancy | $136,963 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,913 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,686 |
| All other expenses | $214,097 |
| Total functional expenses | $1,545,377 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $820,899 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $129,076 |
| 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 | $7,961 |
| Net Land, buildings, and equipment | $203,361 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,221 |
| Total assets | $1,165,518 |
| Accounts payable and accrued expenses | $6,467 |
| Grants payable | $281,622 |
| Deferred revenue | $31,995 |
| 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 | $116,270 |
| Total liabilities | $436,354 |
| Net assets without donor restrictions | $729,164 |
| 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 | $1,165,518 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Grace Mission University has recieved totaling $1,050,117.
| Awarding Organization | Amount |
|---|---|
Lilly Endowment Inc Indianapolis, IN PURPOSE: PATHWAYS FOR TOMORROW INITIATIVE | $1,000,000 |
Lilly Endowment Inc Indianapolis, IN PURPOSE: PATHWAYS FOR TOMORROW INITIATIVE | $50,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $117 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bethesda University Anaheim, CA | $16,791,333 | $2,969,487 |
Stanton University Garden Grove, CA | $128,589 | $2,050,126 |
Grace Mission University Fullerton, CA | $1,165,518 | $1,837,254 |
Evangelia University Anaheim, CA | $1,694,844 | $733,587 |
Cook Native American Ministries Foundation Tempe, AZ | $15,213,627 | $931,587 |
Choc Halev Berkeley, CA | $534,540 | $418,280 |
Pacific Bible College Medford, OR | $306,241 | $566,050 |
International Reformed University And Seminary Los Angeles, CA | $3,365,777 | $368,752 |
Union University Of California Westminster, CA | $688,435 | $167,250 |
Bible Institute Of Hawaii Honolulu, HI | $139,214 | $111,873 |