Nonprofit · EIN 23-7327655
YOUNG-NAK PRESBYTERIAN CHURCH OF LOS ANGELES CORPORATION
Tax-exempt · LOS ANGELES, CA 90031
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $5,724,003 | $5,909,125 | -$185,122 | $29,831,484 | $6,500,420 | $23,331,064 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $5,600,284
- Program service revenue
- $0
- Investment income
- $123,719
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $167,000
- Other salaries and wages
- $3,222,240
- Salaries, compensation and benefits (total)
- $3,222,240
- Professional fundraising fees
- $0
- Accounting fees
- $13,890
- Occupancy
- $492,909
- Travel
- $39,966
- Depreciation
- $495,576
- Program services (functional)
- $2,531,351
- Management and general (functional)
- $3,377,774
Balance sheet and other
- Total assets, start of year
- $30,014,328
- Total assets, end of year
- $29,831,484
- Total liabilities, end of year
- $6,500,420
- Net assets, end of year
- $23,331,064
- Land, buildings and equipment
- $25,586,926
- Net assets without donor restrictions
- $15,714,647
- Net assets with donor restrictions
- $7,616,417
- Gross receipts
- $5,724,003
- Employees
- 62
- Volunteers
- 494
- Year formed
- 1973
- State of legal domicile
- CA
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 |
|---|---|---|---|
| EUNSUNG PARK | C.E.O. Trustee or director, Officer | 40 | $95,969 |
| DANIEL CHUNG | C.F.O. Trustee or director | 40 | $0 |
| PETER YOON CHOH | SECRETARY Officer | 40 | $0 |
Address and contacts
- Address (IRS master file)
- 1721 N BROADWAY, LOS ANGELES, CA 90031-1763
- Principal officer (990 for 2024)
- EUNSUNG PARK, 434 GERONA AVE, SAN GABRIEL, CA 91775
- Signed the 990
- DANIEL CHUNG, C.F.O.
- Return prepared by
- CHOI HONG LEE & KANG LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 23-7327655 or by the name YOUNG-NAK PRESBYTERIAN CHURCH OF LOS ANGELES CORPORATION.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
YOUNG NAK PRESBYTERIAN CHURCH OF LOS ANGELES IS DEDICATED TO ADVANCING THE CHRISTIAN FAITH THROUGH WORSHIP, SPIRITUAL EDUCATION, AND COMMUNITY OUTREACH. OUR MISSION IS TO SPREAD THE GOSPEL, NURTURE SPIRITUAL GROWTH, AND SERVE THE COMMUNITY THROUGH WORSHIP SERVICES, MISSION ACTIVITIES, AND CHARITABLE PROGRAMS, IN ACCORDANCE WITH OUR FAITH-BASED VALUES.
Program accomplishments
- ORGANIZED AND CONDUCTED REGULAR WORSHIP SERVICES, INCLUDING SUNDAY SERVICES, BIBLE STUDIES, AND PRAYER MEETINGS, WHILE SUPPORTING MISSION ACTIVITIES TO FOSTER SPIRITUAL GROWTH, COMMUNITY ENGAGEMENT, AND OUTREACH FOR CONGREGANTS AND BEYOND.Expenses $2,364,351
- PROVIDED FINANCIAL ASSISTANCE THROUGH SCHOLARSHIPS TO SUPPORT EDUCATION FOR DESERVING STUDENTS, PROMOTING ACADEMIC ACHIEVEMENT AND COMMUNITY DEVELOPMENT.Expenses $167,000 · grants $167,000
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
- 23-7327655
- 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
- 1973
- Accounting year ends
- December
- Files
- Not required (church)
- Assets (IRS master file)
- $29,831,484
- Income (IRS master file)
- $5,724,003
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $5,724,003 | $5,909,125 | $29,831,484 | 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 23-7327655).
Questions about YOUNG-NAK PRESBYTERIAN CHURCH OF LOS ANGELES CORPORATION
- What is the EIN of YOUNG-NAK PRESBYTERIAN CHURCH OF LOS ANGELES CORPORATION?
- The employer identification number (EIN) of YOUNG-NAK PRESBYTERIAN CHURCH OF LOS ANGELES CORPORATION is 23-7327655.
- Is YOUNG-NAK PRESBYTERIAN CHURCH OF LOS ANGELES CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1973.
- Are donations to YOUNG-NAK PRESBYTERIAN CHURCH OF LOS ANGELES CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does YOUNG-NAK PRESBYTERIAN CHURCH OF LOS ANGELES CORPORATION file?
- Form Not required (church). Churches are not required to file.
- When is the next return of YOUNG-NAK PRESBYTERIAN CHURCH OF LOS ANGELES CORPORATION 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 YOUNG-NAK PRESBYTERIAN CHURCH OF LOS ANGELES CORPORATION 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 YOUNG-NAK PRESBYTERIAN CHURCH OF LOS ANGELES CORPORATION?
- The 990 for the year ended December 31, 2024 names EUNSUNG PARK.
- Who are the officers and directors of YOUNG-NAK PRESBYTERIAN CHURCH OF LOS ANGELES CORPORATION?
- The 990 for the year ended December 31, 2024 lists 3 people; 1 received compensation from the organization, the highest $95,969 (EUNSUNG PARK, C.E.O.).
- How much revenue does YOUNG-NAK PRESBYTERIAN CHURCH OF LOS ANGELES CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $5,724,003, expenses of $5,909,125 and total assets of $29,831,484 at year end.
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