Nonprofit · EIN 82-1305856
LIFE CHURCH OF PLANO
Tax-exempt · THE COLONY, TX 75056
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $335,831 | $313,631 | $22,200 | $1,859,529 | $145,353 | $1,714,176 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $335,831
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $51,600
- Salaries, compensation and benefits (total)
- $90,375
- Professional fundraising fees
- $0
- Occupancy
- $19,626
- Depreciation
- $27,080
- Program services (functional)
- $272,452
- Management and general (functional)
- $41,179
Balance sheet and other
- Total assets, start of year
- $0
- Total assets, end of year
- $1,859,529
- Total liabilities, end of year
- $145,353
- Net assets, end of year
- $1,714,176
- Land, buildings and equipment
- $1,762,182
- Net assets without donor restrictions
- $1,714,176
- Gross receipts
- $335,831
- Employees
- 2
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DOSIK KIM | BOARD OF DIR Trustee or director | 5 | $0 |
| JA HO LEE | BOARD OF DIR Trustee or director | 5 | $0 |
| JEONG BONG LEE | TREASURER Trustee or director | 5 | $0 |
| WHO-IK SONG | BOARD OF DIR Trustee or director | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 4700 NASH DR, THE COLONY, TX 75056-1689
- In care of
- % JEON BONG LEE
- Principal officer (990 for 2024)
- JEONG BONG LEE, 7721 CASE DR, PLANO, TX 75025
- Signed the 990
- JEONG BONG LEE, TREASURER
- Phone
- (972) 460-6512
- Return prepared by
- Y K SUH CPA PC
Mission
LIFE CHURCH OF PLANO IS A CHRISTIAN CONGREGATION DEDICATED TO PROCLAIMING THE GOSPEL OF JESUS CHRIST, FOSTERING SPIRITUAL GROWTH THROUGH WORSHIP, BIBLE TEACHING, DISCIPLESHIP, AND COMMUNITY MINISTRIES, AND ENGAGING IN LOCAL AND GLOBAL OUTREACH AND MISSION ACTIVITIES THAT SERVE INDIVIDUALS AND FAMILIES IN NEED.
Program accomplishments
- GENERAL EXPENSES RELATED TO CHURCH SUCH AS PAYROLL, MANAGEMENT, GENERAL ADMIN, OCCUPANCY, DISCIPLESHIP AND FAMILY MINISTRIESExpenses $227,426
- DEPRECIATION AND OTHER EXPENSES.Expenses $45,026
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | Check at the IRS |
IRS record
- EIN
- 82-1305856
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Church
- Exempt since
- 2001
- Accounting year ends
- December
- Files
- Not required (church)
- Category (NTEE)
- Religion-related (X20)
- Group exemption
- 3779: SOUTHERN BAPTISTS OF TEXAS CONVENTION INC
- Assets (IRS master file)
- $1,859,529
- Income (IRS master file)
- $335,831
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $335,831 | $313,631 | $1,859,529 | XML |
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 82-1305856).
Questions about LIFE CHURCH OF PLANO
- What is the EIN of LIFE CHURCH OF PLANO?
- The employer identification number (EIN) of LIFE CHURCH OF PLANO is 82-1305856.
- Is LIFE CHURCH OF PLANO tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Which annual return does LIFE CHURCH OF PLANO file?
- Form Not required (church). Churches are not required to file.
- When is the next return of LIFE CHURCH OF PLANO 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 LIFE CHURCH OF PLANO last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of LIFE CHURCH OF PLANO?
- The 990 for the year ended December 31, 2024 names JEONG BONG LEE.
- Who are the officers and directors of LIFE CHURCH OF PLANO?
- The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does LIFE CHURCH OF PLANO have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $335,831, expenses of $313,631 and total assets of $1,859,529 at year end.
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