2025-11-28T10:15:03-07:00 2024-12-31 990EZ 2024-01-01 562222794 AGAPE WAY AGAP 9192598581 PO Box 16275 Chapel Hill NC 27516 Wanbing Li CEO 9192598581 2025-11-28 1 2024 2025-03-06 01:10:19Z X X www.agapeway.org X X 139914 X 139090 0 0 824 0 0 0 0 0 0 0 0 0 0 0 139914 22480 0 96050 1050 0 591 19479 139650 264 37284 0 37548 37284 37548 0 0 0 0 37284 37548 0 0 37284 37548 Provide biblical training and provide financial assistance to pastors, missionaries, students and their families in Cambodia, China and Peru. Mercy Program Awarded 36 scholarships to students in Cambodia and the US. Supplied snack funds for six churches' soccer and children's ministries. Provided financial support for six pastors. Funded installation of electrical fans in four classrooms. Purchased cooking stoves and beds for a student dormitory. Supplied 20 school backpacks with educational materials; provided a mercy fund to a Peruvian missionary. Staff salaries and benefits (20%) attributable to program delivery: $19210. 22480 X 27791 Biblical Training Program: The staff spent 60% of his time on 1) Developing training curricula; 2) Providing online seminars to Cambodian pastors; 3) leading Bible studies in Senior Center. 0 X 58221 86012 Wanbing Frank Li President & CEO 40 84943 0 10996 Aijun Anna Li Vice President 20 0 0 0 John Swem Board Chair 2 0 0 0 Yongmei Li Treasurer 1 0 0 0 Walter Ostrowka Director of Development 3 0 0 0 Caizi Huang Community Outreach 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 NC Aijun Anna Li PO Box 16275 Chapel Hill NC 27516 9192598581 0 0 0 0 0 0 0 0 0 0 0 NONE NONE 1 X 143048 129093 98137 147381 139090 656749 143048 129093 98137 147381 139090 656749 20848 31800 24853 85969 58864 222334 20848 31800 24853 85969 58864 222334 434415 143048 129093 98137 147381 139090 656749 0.66146 0.69749 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED Form 990-EZ, Header, Line B This return has been amended to correct the classification of certain expenses and to provide additional detail regarding program service expenses and other costs. Minor changes were also made to total revenues and net assets to ensure accuracy. The amendment is intended to improve transparency and compliance in reporting. Form 990-EZ, Part I, Line 10 Agape Way provided scholarships to 34 students in Cambodia and 7 in China, as well as to poor families in Peru. Also provided support to 6 Cambodian pastors, church programs such as soccer, children's programs, fans for worship spaces, and beds for student dorms. Form 990-EZ, Part I, Line 16 Direct Costs by Programs Mercy programs (including trip to Cambodia sites): $8,581.55; Fundraising activities: $7,317.44; Training program: $1,914.83; Management (including IT, supplies, ECFA fee, etc) $2095.53; $976.30 for 2023 reimbursement -Mileage reimbursements incurred in 2023 were paid in 2024 and are reported as 2024 expenses. In addition, the organization benefited from volunteers who provided invaluable services in website development, accounting, communications, fundraising, and donor relations. Their contributions significantly reduced operating costs and enhanced program effectiveness. Form 990-EZ, Part I, Line 20 Mileage reimbursements attributable to organizational activities conducted during calendar year 2023 were not processed or paid until calendar year 2024. As a result, such reimbursements are reported in the 2024 return. This timing difference represents an administrative oversight in the prior year and has been corrected. The organization has implemented procedures to ensure that mileage reimbursements are recorded and reported in the proper tax year going forward.