REMNANT MINISTRY

EIN: 203546611 501(c)(3) Religion

ANNANDALE, VA

Total Revenue
$629,557
Total Expenses
$641,421
Total Assets
$2,007,240
Net Assets
$1,576,033
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
VA
Principal Officer
DONG C LEE
Tax Period
2024-01-01 to 2024-12-31

REMNANT MINISTRY, founded in 2006, is a small nonprofit in the Religion sector that reported $867K in total revenue in fiscal year 2019.

Mission

TO HELP YOUTHS SPIRITUALLY, MENTALLY AND SOCIALLY IN REALIZING THEIR IDENTIRY THROUGH THE RELIGIOUS MISSION AND EDUCATION.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $117,884
Program Service Revenue $511,226
Investment Income $0
Other Revenue $447
TOTAL REVENUE $629,557

Expense Breakdown

Grants Paid $11,130
Salaries & Benefits $34,879
Fundraising Expenses $0
Program Expenses $598,920
Other Expenses $595,412
TOTAL EXPENSES $641,421

Year-over-Year Comparison

2024 2023 Change
Revenue $629,557 $666,986 -0.1%
Expenses $641,421 $664,581 0.0%
Net Income $-11,864 $2,405 -5.9%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Governance

Voting Members
9
Independent Members
N/A
Employees
2
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$32,400
Total Directors
2
$16,200
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DONG C LEE EXECUTIVE OF 20.00
Officer Director
$16,200 $0 $16,200
RYUN J CHOI FINANCIAL OF 20.00
Officer
$16,200 $0 $16,200
KWANG S RYU PRESIDENT N/A
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $629,557 $641,421 $2,007,240 $-11,864
2023 $666,986 $664,581 $2,043,634 $2,405
2022 $148,364 $160,595 $2,063,914 $-12,231
2021 $382,307 $465,004 $2,109,776 $-82,697
2020 $399,206 $232,638 $2,232,419 $166,568
2019 $866,908 $868,459 $2,103,032 $-1,551
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