Nonprofit · EIN 92-2464738
KOREAN EVANGELICAL METHODIST CHURCH OF MINNESOTA
Tax-exempt · MINNEAPOLIS, MN 55442
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2023 | 990 | $68,815 | $64,815 | $4,000 | $2,045,000 | $40,000 | $2,005,000 |
Financial details: 990 for the year ended December 31, 2023
Revenue
- Contributions, gifts and grants
- $68,815
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $32,696
- Salaries, compensation and benefits (total)
- $32,696
- Professional fundraising fees
- $0
- Program services (functional)
- $64,815
Balance sheet and other
- Total assets, start of year
- $2,041,000
- Total assets, end of year
- $2,045,000
- Total liabilities, end of year
- $40,000
- Net assets, end of year
- $2,005,000
- Land, buildings and equipment
- $2,000,000
- Gross receipts
- $68,815
- Employees
- 2
- Volunteers
- 30
- Year formed
- 2023
- State of legal domicile
- MN
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.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Won Geun Lee | Rev. Key employee | 30 | $10,000 | $10,000 |
| Eric Shin | Rev. Key employee | 30 | $0 | $8,750 |
| Jason Lee | Officer Officer | 5 | $0 | $0 |
| Hyung Ook Park | Treasurer Officer | 5 | $0 | $0 |
| Meelee Kim | Officer Officer | 5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 4325 ZACHARY LN N, MINNEAPOLIS, MN 55442-2801
- Principal officer (990 for 2023)
- Jason Lee, 1025 Lois Dr, Shoreview, MN 55126
- Signed the 990
- Hyung Ook Park, Treasurer
- Phone
- (952) 214-0007
- Website
- mnkemc.com
Mission
We are a Methodist church that seeks to proclaim the Gospel of the Lord Jesus Christ, establish and maintain religious worship, educate believers in a manner consistent with the requirements of Holy Scripture and maintain missionary activities in the United States and around the world. The primary activities of our Church will be holding worship services regularly on Sundays as well as specialized services on Wednesday evenings, Friday evenings, and Saturday mornings. To actively take the Church to our neighbors close and far away, we will conduct missionary work on a regular basis. We have conducted outreach programs for the assisted living homes, homeless encampments in the inner city, and Native Americans in South Dakota. We will continue these primary functions of a living Church.
Program accomplishments
- Our main Korean language worship service for adults and English language worship service for adults will allow all members to fully engage with our Church.Expenses $64,261
- Children's Sunday's school service will allow all members and volunteers to fully engage for the mission for our 2nd generation.0
- For the various outreach programs and missionary support activities, various subsets of our congregation will come together to participate.Expenses $554
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 | Not on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 92-2464738
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Church
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2023
- Accounting year ends
- December
- Files
- Not required (church)
- Category (NTEE)
- Religion-related (X20)
- Assets (IRS master file)
- $2,045,000
- Income (IRS master file)
- $68,815
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2023 | $68,815 | $64,815 | $2,045,000 | 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 92-2464738).
Questions about KOREAN EVANGELICAL METHODIST CHURCH OF MINNESOTA
- What is the EIN of KOREAN EVANGELICAL METHODIST CHURCH OF MINNESOTA?
- The employer identification number (EIN) of KOREAN EVANGELICAL METHODIST CHURCH OF MINNESOTA is 92-2464738.
- Is KOREAN EVANGELICAL METHODIST CHURCH OF MINNESOTA tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to KOREAN EVANGELICAL METHODIST CHURCH OF MINNESOTA tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does KOREAN EVANGELICAL METHODIST CHURCH OF MINNESOTA file?
- Form Not required (church). Churches are not required to file.
- When is the next return of KOREAN EVANGELICAL METHODIST CHURCH OF MINNESOTA 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 KOREAN EVANGELICAL METHODIST CHURCH OF MINNESOTA 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 KOREAN EVANGELICAL METHODIST CHURCH OF MINNESOTA?
- The 990 for the year ended December 31, 2023 names Jason Lee.
- Who are the officers and directors of KOREAN EVANGELICAL METHODIST CHURCH OF MINNESOTA?
- The 990 for the year ended December 31, 2023 lists 5 people; 1 received compensation from the organization, the highest $10,000 (Won Geun Lee, Rev.).
- How much revenue does KOREAN EVANGELICAL METHODIST CHURCH OF MINNESOTA have?
- On its 990 for the year ended December 31, 2023 it reported revenue of $68,815, expenses of $64,815 and total assets of $2,045,000 at year end.
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