2024-05-11T10:55:02-04:00 2023-12-31 990 2023-01-01 810813727 Boston Grace Presbyterian Church Inc % Hayoung Kim BOST 7818620800 400 GREAT RD Bedford MA 017302807 Hayoung Kim Financial Official 2024-05-11 Hayoung Kim XXX-XX-XXXX 2023 2023-04-26 12:10:37Z Hayoung Kim 400 GREAT RD Bedford MA 017302807 212285 false X www.bostongracechurch.org X 2015 MA Organized for the purpose of providing regular opportunities to worship God to sustain the ordinances doctrines and ethics set forth in the New Testament for the church. 40 0 2 0 0 0 261421 212285 0 0 0 0 0 0 261421 212285 48328 37750 87096 88492 44800 40800 0 0 0 51643 75363 231867 242405 29554 -30120 179931 140651 79300 81546 100631 59105 Organized for the purpose of providing regular opportunities to worship God to sustain the ordinances doctrines and ethics set forth in the New Testament for the church. false false 126242 37750 0 Provide worship services to glorify God and learn more about Him. 0 0 0 0 0 0 0 0 0 126242 true true false false false false false false false false false false false true true false false false false false false false false false false false false false true true false false false false false false false false false false false false false false false false false true 0 0 2 true false false false false false false false 0 false false false false false false false false false false X 40 0 false false false false false false false true true false false false true true true false false true true false MA X Hayoung Kim 3018015895 400 GREAT RD Bedford MA 017302807 Shi-Chang Wooh Senior Pastor 40.00 40.00 X X 12000 12000 7488 Min-Woo Pak Junior Pastor 20.00 20.00 X 28800 28800 0 40800 40800 7488 0 true false false 0 0 0 0 0 212285 0 212285 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 212285 0 0 0 0 0 37750 37750 0 0 88492 88492 40800 0 40800 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 75363 0 75363 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 242405 126242 116163 0 0 0 0 0 138122 103014 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 41809 37637 179931 140651 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 79300 81546 79300 81546 X 0 0 0 0 100631 59105 100631 59105 179931 140651 -30120 0 -11406 0 0 0 X false false false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED Car 22825 Piano 10034 Mic Amp TV Equipment 4778 37637 SBA Loan 81546 81546 true Scholarship and Grants 8 37750 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 false false false false false false false false false Shi-Chang Wooh Senior Pastor 12000 12000 0 0 0 0 7488 7488 0 0 19488 19488 0 0 Min-Woo Pak Junior Pastor 28800 28800 0 0 0 0 0 0 0 0 28800 28800 0 0 Part VI, Line 11a The official treasurer of the church prepares the form and provides the information to the official auditor of the church for initial approval. The auditor reviews all information in the form to ensure accuracy. Subsequently the form is submitted to the senior pastor for final approval. The approved form is then submitted and its contents are presented to all church members. Part VI, Line 12c 1. Boston Grace Presbyterian Church Annually And Consistently Monitors And Enforces Compliances With The Conflicts of Interest Policies. 2. The Governing Body Senior Pastor Junior Pastor Elders Voted Members of Boston Grace Presbyterian Church has delegated authority to the Budget Committee. 3. The Budget Committee Assesses the Feasibility of Increasing Compensation for Ministers In Consultation With the Treasurer. 4. Boston Grace Presbyterian Church Provides Its Governing Documents Conflicts of Interest Policies and Financial Statements to the Public Upon Request. Part VI, Line 15 Boston Grace Presbyterian Church's Official Budget Committee is responsible for determining monitoring reviewing and approving the compensation of ministers with guidance from the Treasurer. The Treasurer and Internal Auditor engage in a monthly budget monitoring and approval process and the approved budgets are printed and made available to all church members. Annually the Budget Committee reviews and adjusts minister compensation. In a recent decision the Budget Committee approved an increase in the monthly compensation rate of Junior Pastor Min-Woo Pak from $2,200 to $2,400 effective January 2023. Part VI, Line 19 Every month the official auditor elders and treasurer gather to ensure the church is operating in compliance with strict rules and regulations meeting all state and federal requirements including financial matters. The church maintains printed governing documents available for all members to access. Additionally the treasurer undergoes a monthly auditing process with the church's internal auditor to ensure all expenditures are thoroughly reviewed. Approved documents are then printed and made available to all members. For the financial documents we follow this order: 1. Everyone must fill out an invoice along with the grant details name of the recipient why how what how much etc.. 2. The invoice must be signed by the church's treasurer and a designated church leader or elder. 3. Once approved the treasurer can either issue a check transfer money via Zelle or Wire or withdraw cash. 4. Send money and digitally attach the payment receipt with the invoice. 5. Save it in the BGPC Dropbox folder. 6. Upload the information in Quicken 7. Internal Audit Staff one of the designated church staff elders to review all the invoices and receipts. 8. Present in front of entire church members at the end of the year.