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Nonprofit · EIN 56-2263050

SOUTHERN KOREAN PRESBYTERIAN CHURCH

Tax-exempt · CHARLOTTE, NC 28270

Financials

$2.4M$468K2023
Revenue Expenses · by fiscal year end
Financials of SOUTHERN KOREAN PRESBYTERIAN CHURCH by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2023990$2,407,527$468,269$1,939,258$2,250,563$5,334$2,245,229
Financial details: 990 for the year ended December 31, 2023

Revenue

Contributions, gifts and grants
$2,407,527
Program service revenue
$0
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$75,000
Salaries, compensation and benefits (total)
$138,474
Professional fundraising fees
$0
Management and general (functional)
$468,269

Balance sheet and other

Total assets, start of year
$2,175,357
Total assets, end of year
$2,250,563
Total liabilities, end of year
$5,334
Net assets, end of year
$2,245,229
Land, buildings and equipment
$1,993,591
Gross receipts
$2,407,527
Employees
3
Volunteers
20
Year formed
2001
State of legal domicile
NC

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2023, highest compensation first.

NameTitleHours / weekCompensation
Sungsup SongSr. Pastor
Officer
40$40,000
Youngjoo MoonPastor
Key employee
30$27,000
Sung Sil KimChoir Director
Key employee
20$8,000

Address and contacts

Address (IRS master file)
3619 MCKEE RD, CHARLOTTE, NC 28270-1246
In care of
% SUNG SUP SONG
Principal officer (990 for 2023)
Sungsup Song, 3619 McKee Rd, Charlotte, NC 28270
Signed the 990
Sungsup Song, Sr. Pastor
Phone
(803) 415-9791
Return prepared by
CW LEE CPA

Mission

Evangelizing Christianity

990 for the year ended December 31, 2023

Program accomplishments

  • Evangelizing and outreaching to people for their spritual needs.
    revenue $2,407,527

What it must file and when

IRS records say it files Not required (church). Churches are not required to file. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025Not on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
56-2263050
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Church
Exempt since
1992
Accounting year ends
December
Files
Not required (church)
Assets (IRS master file)
$2,250,563
Income (IRS master file)
$2,407,527

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2023$2,407,527$468,269$2,250,563XML
990December 2022$568,424$445,451$2,175,357IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-2263050).

Questions about SOUTHERN KOREAN PRESBYTERIAN CHURCH

What is the EIN of SOUTHERN KOREAN PRESBYTERIAN CHURCH?
The employer identification number (EIN) of SOUTHERN KOREAN PRESBYTERIAN CHURCH is 56-2263050.
Is SOUTHERN KOREAN PRESBYTERIAN CHURCH tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1992.
Which annual return does SOUTHERN KOREAN PRESBYTERIAN CHURCH file?
Form Not required (church). Churches are not required to file.
When is the next return of SOUTHERN KOREAN PRESBYTERIAN CHURCH due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did SOUTHERN KOREAN PRESBYTERIAN CHURCH last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2023.
Who is the principal officer of SOUTHERN KOREAN PRESBYTERIAN CHURCH?
The 990 for the year ended December 31, 2023 names Sungsup Song.
Who are the officers and directors of SOUTHERN KOREAN PRESBYTERIAN CHURCH?
The 990 for the year ended December 31, 2023 lists 3 people; 3 received compensation from the organization, the highest $40,000 (Sungsup Song, Sr. Pastor).
How much revenue does SOUTHERN KOREAN PRESBYTERIAN CHURCH have?
On its 990 for the year ended December 31, 2023 it reported revenue of $2,407,527, expenses of $468,269 and total assets of $2,250,563 at year end.

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