Montgomery Korean Presbyterian Church

EIN: 631052789 501(c)(3)

Montgomery, AL

Total Revenue
$231,174
Total Expenses
$187,224
Total Assets
$239,789
Net Assets
$239,789
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
AL
Principal Officer
Jae Seon Jo
Tax Period
2023-01-01 to 2023-12-31

Montgomery Korean Presbyterian Church, founded in 1993, is a small nonprofit that reported $231K in total revenue in fiscal year 2023. The organization ran a surplus of $44K, a strong 19% operating margin.

Mission

The mission of Montgomery Korean Presbyterian Church is to be a community of Jesus Christ by worshiping the Triune God, nurturing each member through the Word of God to become disciples of Christ, and fulfilling the Great Commission.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $223,856
Program Service Revenue $0
Investment Income $7,318
Other Revenue $0
TOTAL REVENUE $231,174

Expense Breakdown

Grants Paid $12,947
Salaries & Benefits $92,086
Fundraising Expenses $0
Program Expenses $142,578
Other Expenses $82,191
TOTAL EXPENSES $187,224

Year-over-Year Comparison

2023 2022 Change
Revenue $231,174 $228,813 +0.0%
Expenses $187,224 $183,613 +0.0%
Net Income $43,950 $45,200 0.0%
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
4
Independent Members
4
Employees
2
Volunteers
55

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
1
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Chang Evans Director 0.00
Director
$0 $0 $0
Dong-Yop Oh Treasurer 0.00
Director
$0 $0 $0
Cheol Ho Hong Secretary 0.00
Director
$0 $0 $0
Jae Seon Jo Senior Pastor 0.00
Officer Director Highest
$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
2023 $231,174 $187,224 $239,789 $43,950
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