Civic Intelligence

The Korean Baptist Church

EIN 84-1284211 • 501(c)3 • Colorado Springs, CO

Profile

The church encourages every church members to spread the good news of jesus christ to non-believers, and equip them for spiritual maturity through worship services, discipleship trainings, cell group meetings, bible studies, and mission trips.

3740 Airport RoadColorado Springs, CO 80910

www.cskbc.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

60th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

33rd percentile

-7.2%

Higher net margin than 33% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

91st percentile

$36,000

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 14.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Balance Sheet
Liabilities / Assets60th percentile

Assets

$75,098

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Net Assets

$75,098

No earlier filing loaded for comparison.

Operations
Liabilities / Revenue62nd percentileNet Margin33rd percentile

Revenue

$257,555

No earlier filing loaded for comparison.

Expenses

$276,200

No earlier filing loaded for comparison.

Net Income

-$18,645

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Asset GrowthScore unavailable

Grouped bars show assets, liabilities, and net assets across loaded filings.

$80K$60K$40K$20K$0Assets 2019: $75,098Liabilities 2019: $0Net Assets 2019: $75,0982019

Highlighted filing

2019

Assets$75,098
Liabilities$0
Net Assets$75,098
Open 2019 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KRevenue 2019: $257,555Expenses 2019: $276,200Net Income 2019: -$18,6452019

Highlighted filing

2019

Revenue$257,555
Expenses$276,200
Net Income-$18,645
Open 2019 Filing

Filings

Most recent year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$75,098
Liabilities
$0
Net assets
$75,098
Revenue
$257,555
Expenses
$276,200
Net income
-$18,645
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2019Detailed filing. Detailed filing data is available for this year.$0.75$0.00$0.75$2.58$2.76$0.19
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jul 6, 2020
Return Version
2019v5.0
Gross Receipts
$257,555
Mission and Program Overview

Mission

The church encourages every church members to spread the good news of jesus christ to non-believers, and equip them for spiritual maturity through worship services, discipleship trainings, cell group meetings, bible studies, and mission trips.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$93,743$75,098▼ $18,645
Cash and Non-Interest-Bearing Accounts$93,743$60,545▼ $33,198
Savings and Temporary Cash Investments-$14,553-
Total Assets$93,743$75,098▼ $18,645
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$93,743$75,098▼ $18,645
Total Liabilities and Net Assets / Fund Balance$93,743$75,098▼ $18,645
Compensation and Service Providers
Top Officer Pay91st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Chris ParkPresidentFT$36,000$36,000

Board Members and Trustees

NameTitle
Thomas ChangBoard Member
Young ChoiBoard Member
Jooran KimSecretary
Won KimTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$257,524
Program Service Revenue
$0
Investment Income
$31
Other Revenue
$0
Change in Net Assets
$-18,645
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$173,597
Salaries, Compensation, and Employee Benefits$102,603
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$99,420--$99,420
Office Expenses$49,605--$49,605
All Other Expenses$15,580--$15,580
Other Expenses$12,440--$12,440
Insurance$8,638--$8,638
Payroll Taxes$3,183--$3,183
Fees for Services Accounting$1,500--$1,500
Total Functional Expenses$276,200$0$0$276,200
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
The Korean Baptist Church
EIN
84-1284211
Phone
7195732598
Address
3740 AIRPORT ROAD, COLORADO SPRINGS, CO 80910

Signing Officer

Name
Chris Park
Title
President
Phone
7195732598
Signed
2020-07-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Chris Park
Formed
1994
Legal Domicile
Co
Voting Board Members
5
Independent Board Members
4
Employees
2
Volunteers
4

Preparer

Firm
Mirae Accountancy & Consultants Llp
Address
2525 W 8TH ST STE 300, LOS ANGELES, CA 90057-5239
Preparer
Kenneth C Han
Phone
2133871100
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The church encourages every church members to spread the good news of jesus christ to non-believers, and equip them for spiritual maturity through worship services, discipleship trainings, cell group meetings, bible studies, and mission trips.”

Raw XML Appendix275 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0THE CHURCH ENCOURAGES EVERY CHURCH MEMBERS TO SPREAD THE GOOD NEWS OF JESUS CHRIST TO NON-BELIEVERS, AND EQUIP THEM FOR SPIRITUAL MATURITY THROUGH WORSHIP SERVICES, DISCIPLESHIP TRAININGS, CELL GROUP MEETINGS, BIBLE STUDIES, AND MISSION TRIPS.
IRS990/AllOtherExpensesGrp/ProgramServicesAmt015580
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IRS990/Desc0THE ORGANIZATION WAS ESTABLISHED FOR THE PURPOSE OF ITS MEMBERS TO MAINTAIN AND IMPROVE THEIR SPRITUAL WELL BEINGS THROUGH ATTENDING WORSHIP SERVICES AND BIBLICAL EDUCATION WITH PRAYERS. 1. WORSHIP SERVICES: THE CHURCH HOLDS A KOREAN WORSHIP SERVICE EVERY SUNDAY AT 10:50 AM. AN EARLY MORNING PRAYER SERVICE IS HELD AT 5:30 AM EVERYDAY, AND A PRAISE AND WORSHIP SERVICE IS HELD AT 7:00 PM EVERY WEDNESDAY NIGHT. THESE SERVICES ARE HELD AT THE MAIN SANCTUARY OF THE CHURCH AND THEY ARE LED BY THE CHURCH PASTORS. 2. SUNDAY SCHOOL: THE CHURCH HOLDS A BIBLE SCHOOL EVERY SUNDAY FOR CHILDREN AT 10:00 AM., AND FOR YOUTH AND TODDLERS AND INFANTS AT 11:00 AM.
IRS990/DescribedInSection501c3Ind0true
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IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
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IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
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IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0CHRIS PARK
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IRS990/Form990PartVIISectionAGrp/PersonNm2YOUNG CHOI
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IRS990/Form990PartVIISectionAGrp/PersonNm4WON KIM
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt036000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01994
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0257555
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt04
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt08638
IRS990/InsuranceGrp/TotalAmt08638
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt031
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt031
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0CO
IRS990/LoanOutstandingInd0false
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IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
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IRS990/MoreThan5000KToIndividualsInd0false
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IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/ProgramServicesAmt049605
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
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IRS990/OtherExpensesGrp/Desc3UTILITIES
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-09-23 17:36:50Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0CHRIS PARK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07195732598
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-07-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE KOREAN BAPTIST CHURCH
ReturnHeader/Filer/BusinessNameControlTxt0KORE
ReturnHeader/Filer/EIN0841284211
ReturnHeader/Filer/PhoneNum07195732598
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ReturnHeader/Filer/USAddress/StateAbbreviationCd0CO
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ReturnHeader/FilingSecurityInformation/IPTm013:43:17
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02525 W 8TH ST STE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LOS ANGELES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0900575239
ReturnHeader/PreparerPersonGrp/PhoneNum02133871100
ReturnHeader/PreparerPersonGrp/PreparationDt02020-07-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KENNETH C HAN
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02020-07-15T13:43:17-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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