Institute Of Asian Culture & Development
- Assets
- $939.6k
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Fullerton, CA
- Founding
- 04/1998
- Data as of
- 12/2021
- EIN
- 95-4612128
Organization Overview
Institute Of Asian Culture & Development, operating under the name Iacd, is located in Fullerton, CA. The organization was established in 1998. 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. Iacd 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, Iacd generated $3.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $3.6m during the year ending 12/2021. While expenses have increased by 6.2% per year over the past 7 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
CHRISTIAN MISSIONARY SUPPORT SUPPORT CHRISTIAN MISSIONARIES SERVE IN UNDER-DEVELOPED ASIAN COUNTIRES IN FINANCIALLY AND SPIRITUALLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MISSIONARY SUPPORT: SUPPORTING MISSIONARIES WHO ARE WORKING IN THE UNDERDEVELOPED ASIAN COUNTIRES AS WELL AS THOSE MUSLIM COUNTIRES OF OLD USSR. FOREIGN OPERATION PROJECT: TRAIN YOUNG ASIAN-AMERICANS MISSIONARIES AND SEND TO ASIAN COUNTIRES FOR TEACHING BIBLE AND PROVIDED COMMUNITY WORKS IN SHORT-TERM BASIS. THE COMMUNITY OUTREACH WORKS INCLUDED MEDICAL SERVICES, FIGHT THE COMPUTER ILLITERACY, WOMENS MINISTRY, PARTNERSHIP OF MINISTRY, DISCIPLESHIP.
BTJ CENTER; IACD PLANNED TO SETUP A SHELTER FOR RETURNING MISSIONARY WHO PLANNED STAY AT PROJECT SITE FOR SHORT TERM BASIS, BUT MISSIONARIES STAY AT PROJECT SITE MORE THAN 5 YEARS THAT RETURNING MISSIONARIES ARE HAVING HARD TIME TO ADOPT OLD HOME ENVIRONMENT. IACD RECOGNIZED THE NEED ESTABLISHING A SHELTER FOR THOSE MISSIONARIES TO TRAIN AND RESHAPE OLD SKILLED TO GO BACK TO THEIR ORIGINAL HOMELAND, IACD HAD DECIDED TO SET THE CENTER IN SOUTH KOREA.
MEMBER CONFERENCE: EDUCATE MEMBERS OF THE CAUSE OF MISSIONARY WORKS AND ENVISION THE MEMBERS FOR THEIR PARTICIPATION BASED ON THE BIBLICAL TEACHING OF MATHEW 28: 19-20
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bryon Macdonald President | Officer | 10 | $0 |
Mi Lee Secretary | Officer | 20 | $0 |
Kwan Soo Park CFO | Officer | 10 | $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 | $84,172 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $84,172 |
| Total Program Service Revenue | $3,559,179 |
| 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 | $3,643,351 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,626,947 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $939,630 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $939,630 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $939,630 |
| 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 | $939,630 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Institute Of Asian Culture & Development has recieved totaling $243,911.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: CULTURE | $217,750 |
Kingsway Charities Inc Bristol, VA PURPOSE: Global healthcare | $26,161 |
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 |