Civic Intelligence

World Mission University

990 • Fiscal year 2022 • EIN 95-4230730

Jul 01, 2021 to Jun 30, 2022 • Filed on Nov 21, 2022

500 Shatto Pl Ste 600Los Angeles, CA 90020

(213) 388-1000

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

61st percentile

0.22x

Higher debt load relative to assets than 61% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

82nd percentile

0.86x

Higher debt load relative to revenue than 82% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Net Margin

47th percentile

5.3%

Higher net margin than 47% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

31st percentile

$74,880

Higher top officer pay than 31% of similar nonprofits.

Top officer pay equals 3.2% of source-year revenue.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Asset Growth

62nd percentile

5.8%

Faster asset growth than 62% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2022

Revenue Growth

38th percentile

-1.9%

Faster revenue growth than 38% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2022

Assets

Up

$9,351,215

Up $990,492 (+12%) from 2020

Net Assets

Up

$7,325,186

Up $1,453,338 (+25%) from 2020

Liabilities

Down

$2,026,029

Down $462,846 (-19%) from 2020

Revenue

Down

$2,358,827

Down $91,153 (-3.7%) from 2020

Expenses

Down

$2,233,594

Down $68,709 (-3.0%) from 2020

Net Income

Down

$125,233

Down $22,444 (-15%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2011: $5,579,751Liabilities 2011: $1,466,272Net Assets 2011: $4,113,4792011Assets 2012: $5,634,477Liabilities 2012: $1,498,269Net Assets 2012: $4,136,2082012Assets 2013: $5,577,603Liabilities 2013: $1,401,570Net Assets 2013: $4,176,0332013Assets 2014: $6,115,768Liabilities 2014: $1,519,752Net Assets 2014: $4,596,0162014Assets 2015: $7,544,691Liabilities 2015: $2,303,275Net Assets 2015: $5,241,4162015Assets 2016: $7,555,810Liabilities 2016: $2,228,104Net Assets 2016: $5,327,7062016Assets 2018: $7,811,906Liabilities 2018: $2,183,328Net Assets 2018: $5,628,5782018Assets 2019: $7,882,245Liabilities 2019: $2,157,939Net Assets 2019: $5,724,3062019Assets 2020: $8,360,723Liabilities 2020: $2,488,875Net Assets 2020: $5,871,8482020Assets 2022: $9,351,215Liabilities 2022: $2,026,029Net Assets 2022: $7,325,1862022Assets 2023: $10,561,416Liabilities 2023: $1,900,987Net Assets 2023: $8,660,4292023Assets 2024: $14,134,734Liabilities 2024: $1,695,042Net Assets 2024: $12,439,6922024

Highlighted filing

2022

Assets$9,351,215
Liabilities$2,026,029
Net Assets$7,325,186

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0Expenses 2011: $1,477,3222011Revenue 2012: $1,584,350Expenses 2012: $1,561,621Net Income 2012: $22,7292012Revenue 2013: $1,519,675Expenses 2013: $1,479,850Net Income 2013: $39,8252013Revenue 2014: $2,208,613Expenses 2014: $1,788,630Net Income 2014: $419,9832014Revenue 2015: $2,433,587Expenses 2015: $1,788,187Net Income 2015: $645,4002015Revenue 2016: $1,956,689Expenses 2016: $1,870,399Net Income 2016: $86,2902016Revenue 2018: $2,202,334Expenses 2018: $2,075,984Net Income 2018: $126,3502018Revenue 2019: $2,213,952Expenses 2019: $2,118,224Net Income 2019: $95,7282019Revenue 2020: $2,449,980Expenses 2020: $2,302,303Net Income 2020: $147,6772020Revenue 2022: $2,358,827Expenses 2022: $2,233,594Net Income 2022: $125,2332022Revenue 2023: $3,949,349Expenses 2023: $2,614,107Net Income 2023: $1,335,2422023Revenue 2024: $7,718,639Expenses 2024: $4,069,873Net Income 2024: $3,648,7662024

Highlighted filing

2022

Revenue$2,358,827
Expenses$2,233,594
Net Income$125,233
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Nov 21, 2022
Return Version
2021v4.0
Gross Receipts
$2,875,505
Mission and Program Overview

Mission

An evangelical educational institution, exists to equip bible-centered, mission-minded laeders for the church and the world.

World missin university empowers people through transformational biblical education to serve the church and impact the world for christ.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,760,776$5,662,208▼ $98,568
Cash and Non-Interest-Bearing Accounts$2,175,636$2,143,513▼ $32,123
Savings and Temporary Cash Investments$1,327,026$1,327,026→ $0
Accounts Receivable$246,668$143,642▼ $103,026
Prepaid Expenses and Deferred Charges$69,558$70,266▲ $708
Intangible Assets$3,330$3,060▼ $270
Total Assets$9,601,094$9,351,215▼ $249,879
Other Assets Total$18,100$1,500▼ $16,600
Liabilities
Other Liabilities$2,081,517$1,709,636▼ $371,881
Deferred Revenue$288,142$265,306▼ $22,836
Accounts Payable and Accrued Expenses$31,339$51,087▲ $19,748
Total Liabilities$2,400,998$2,026,029▼ $374,969
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$7,200,096$7,325,186▲ $125,090
Total Net Assets Fund Balance$7,200,096$7,325,186▲ $125,090
Total Liabilities and Net Assets / Fund Balance$9,601,094$9,351,215▼ $249,879

Asset Categories

AssetBook ValueDepreciationBasis
Land$3,304,000-$3,304,000
Buildings$1,485,057$1,372,740$2,857,797
Other Land Buildings$873,151$1,379,513$2,252,664
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Lim Sung JinPresidentFT$74,880$74,880

Board Members and Trustees

NameTitle
Choi HaroldBoard Member
Choi HowardBoard Member
Hwang Jae KilBoard Member
Jung Sung KilBoard Member
Kim ThomasBoard Member
Lee Sang MiBoard Member
Yoon Kyung HoBoard Member
Yoon Sung HwanBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$290,004
Program Service Revenue
$1,791,279
Investment Income
$565
Other Revenue
$276,979
All Other Contributions
$252,454
Change in Net Assets
$125,233

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,358,827
Total Revenue per Audited Statements
$2,358,827
Total Revenue per Form 990
$2,358,827
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,353,049
Other Expenses$880,545
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$669,182$555,298-$1,224,480
Office Expenses-$189,416-$189,416
Depreciation Depletion$65,395$90,307-$155,529
All Other Expenses$75,798$22,407-$98,205
Payroll Taxes$62,375$31,661-$94,036
Advertising-$45,673-$45,673
Insurance-$41,649-$41,649
Other Employee Benefits$34,533--$34,533
Other Expenses$32,916$39,658-$32,916
Fees for Services Accounting-$31,485-$31,485
Interest-$23,815-$23,815
Conferences and Meetings$1,200--$1,200
Total Functional Expenses$1,024,502$1,209,265$0$2,233,594

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$2,233,594
Expenses per Audited Statements$2,175,504
Total Expenses per Audited Statements$2,175,504
Expenses Not Reported on Financial Statements$58,090
Other Expense Adjustments$58,090
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Note Payable$1,511,286
Other Payables$188,224
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
No
Management duties delegated
No

Governance Explanations

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

WAS CONDUCTED.

Form 990, Page 6, Part VI, Line 19

UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
World Mission University
EIN
95-4230730
Phone
2133881000
Address
500 SHATTO PL STE 600, LOS ANGELES, CA 90020

Signing Officer

Name
Lim Sung Jin
Title
President
Phone
2133881000
Signed
2022-11-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lim Sung Jin
Voting Board Members
9
Independent Board Members
9
Employees
59

Preparer

Firm
Integral Cpas & Associates Inc
Address
3130 WILSHIRE BLVD STE 309, LOS ANGELES, CA 90010-1206
Preparer
Simon Lee
Phone
2133802300
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

World mission university offers religious study programs as a post secondary education institution.

Form 990, Part XI, Line 9

Book / tax depreciation difference 58,090

Financial Statement Notes

Schedule D, Page 4, Part XII, Line 4B

Book / tax depreciation difference 58,090

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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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IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt03304000
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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01379513
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01511286
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NOTE PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1OTHER PAYABLES
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0BOOK / TAX DEPRECIATION DIFFERENCE 58,090
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XII, LINE 4B
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1WAS CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON REQUEST.
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IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0248045
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ReturnHeader/BuildTS02023-03-07 01:45:13Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LIM SUNG JIN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02133881000
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WORLD MISSION UNIVERSITY
ReturnHeader/Filer/BusinessNameControlTxt0WORL
ReturnHeader/Filer/EIN0954230730
ReturnHeader/Filer/PhoneNum02133881000
ReturnHeader/Filer/USAddress/AddressLine1Txt0500 SHATTO PL STE 600
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ReturnHeader/Filer/USAddress/ZIPCd090020
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0470893045
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0INTEGRAL CPAS & ASSOCIATES INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03130 WILSHIRE BLVD STE 309
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LOS ANGELES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0900101206
ReturnHeader/PreparerPersonGrp/PhoneNum02133802300
ReturnHeader/PreparerPersonGrp/PreparationDt02022-11-30
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SIMON LEE
ReturnHeader/ReturnTs02022-12-29T11:39:54-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0SUNG
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0LIM
ReturnHeader/TaxPeriodBeginDt02021-07-01
ReturnHeader/TaxPeriodEndDt02022-06-30
ReturnHeader/TaxYr02021

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