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Nonprofiteer
← BETHEL FAITH KOREAN CHURCH INC

Form 990 for tax year 2025

Filed by BETHEL FAITH KOREAN CHURCH INC.

Totals

Total revenue
$766,218
Total expenses
$628,300
Contributions and grants received
$744,356
Grants paid
$0
Program service revenue
$0
Investment income
$12,062
Other revenue
$9,800
Total assets, end of year
$2,887,245
Total liabilities, end of year
$1,968,850
Net assets or fund balances, end of year
$918,395
Program services expenses (Part IX)
$0
Management and general expenses
$628,300
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $744,356

  • 3 · Investment income

    total $12,062 · excluded $12,062

  • 6a · Gross rents

    real property $9,800

  • 6c · Rental income or loss

    real property $9,800

  • 6d · Net rental income or loss

    total $9,800 · excluded $9,800

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $30,000 · management and general $30,000

  • 7 · Other salaries and wages

    total $127,400 · management and general $127,400

  • 8 · Pension plan contributions

    total $6,000 · management and general $6,000

  • 9 · Other employee benefits

    total $43,000 · management and general $43,000

  • 10 · Payroll taxes

    total $3,205 · management and general $3,205

  • 11g · Fees: other

    total $22,674 · management and general $22,674

  • 13 · Office expenses

    total $13,007 · management and general $13,007

  • 16 · Occupancy

    total $64,975 · management and general $64,975

  • 17 · Travel

    total $8,916 · management and general $8,916

  • 19 · Conferences, conventions and meetings

    total $35,091 · management and general $35,091

  • 20 · Interest

    total $52,452 · management and general $52,452

  • 22 · Depreciation, depletion and amortization

    total $39,487 · management and general $39,487

  • 23 · Insurance

    total $12,285 · management and general $12,285

  • 24a · Other expenses: Automobile Expense

    total $1,473 · management and general $1,473

  • 24b · Other expenses: Bank Charge

    total $111 · management and general $111

  • 24c · Other expenses: Dues and Subscription

    total $4,746 · management and general $4,746

  • 24d · Other expenses: Utilities

    total $7,350 · management and general $7,350

  • 24e · All other expenses

    total $156,128 · management and general $156,128

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $468,945 · end of year $224,152

  • 10a · Land, buildings and equipment: cost or other basis

    $2,513,196

  • 10b · Land, buildings and equipment: accumulated depreciation

    $73,183

  • 10c · Land, buildings and equipment, net

    beginning of year $688,382 · end of year $2,440,013

  • 15 · Other assets

    beginning of year $220,230 · end of year $223,080

  • 17 · Accounts payable and accrued expenses

    beginning of year $24,952 · end of year $19,917

  • 23 · Secured mortgages and notes payable

    beginning of year $519,540 · end of year $1,867,476

  • 24 · Unsecured notes and loans payable

    beginning of year $84,600 · end of year $81,457

  • 27 · Net assets without donor restrictions

    beginning of year $748,465 · end of year $918,395

Mission and programs · 2025

Mission

To love God and worship Him as we reach and disciple people for Jesus Chirst.

  • Sunday Worship Services, Sunday School for Youth and young believer, Wednesday and Friday worship service 1) Teaching the Bible & Training the discipleship of Jesus 2) Serving local ministry & serving oversea missionary work 3) Operating Bible School for youth

As filed on the 2025 return.

Listed in Part VII

  • Seong Bong Seo

    Paster

    Total calculated
    $65,000
    From this org
    $30,000
    From related orgs
    $0
    Other
    $35,000
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2025
Filed
3 February 2026
IRS schema version
2025v4.0
Source object
202620509349300447

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