GRACE MISSION UNIVERSITY: Form 990, tax year 2010

View the entire original 990 at ProPublica ↗

Organization
GRACE MISSION UNIVERSITY (EIN 95-4559065)
Tax period
2010-07-01 to 2011-06-30
Filed
2011-11-15
IRS object ID
201113199349310031
Schema version
2010v3.4
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Timestamp2011-11-15T17:53:55-06:00Timestamp
Tax Period End Date2011-06-30TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1CHO & WOO AN ACCOUNTANCY CORPORATIONBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line13250 WILSHIRE BLVD STE 1502AddressLine1
CityLOS ANGELESCity
StateCAState
ZIP Code900101607ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnType
Tax Period Begin Date2010-07-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN954559065EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1GRACE MISSION UNIVERSITYBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlGRACNameControl
Phone7145250088Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line11645 W VALENCIA DRAddressLine1
CityFULLERTONCity
StateCAState
ZIP Code92833ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameREV KYUNAM CHOIName
TitleVICE PRESIDENTTitle
Phone7145250088Phone
Date Signed2011-11-01DateSigned

Preparer Preparer

FieldValueIRS element (for citing)
NameSTEPHEN Y CHO CPAName
Phone2133830972Phone
Date Prepared2011-11-07DatePrepared
FieldValueIRS element (for citing)
Tax Year2010TaxYear
Build TS2016-03-07 17:11:31ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Name Of Principal Officer PersonKYUNAM CHOINameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

FieldValueIRS element (for citing)
Address Line11645 W VALENCIA DRAddressLine1
CityFULLERTONCity
StateCAState
ZIP Code92833ZIPCode
FieldValueIRS element (for citing)
Gross Receipts622375GrossReceipts
Group Return For AffiliatesfalseGroupReturnForAffiliates
Organization501c3XOrganization501c3
Web SiteWWW.GMUEDU.ORGWebSite
Type Of Organization CorporationXTypeOfOrganizationCorporation
Activity Or Mission DescriptionTO PROVIDE RELIGIOUS EDUCATIONActivityOrMissionDescription
Nbr Voting Members Governing Body14NbrVotingMembersGoverningBody
Nbr Independent Voting Members2NbrIndependentVotingMembers
Total Nbr Employees7TotalNbrEmployees
Total Gross UBI0TotalGrossUBI
Contributions Grants Prior Year224442ContributionsGrantsPriorYear
Contributions Grants Current Year203400ContributionsGrantsCurrentYear
Program Service Revenue Prior Year274146ProgramServiceRevenuePriorYear
Program Service Revenue CY418975ProgramServiceRevenueCY
Investment Income Current Year0InvestmentIncomeCurrentYear
Other Revenue Prior Year2532OtherRevenuePriorYear
Other Revenue Current Year0OtherRevenueCurrentYear
Total Revenue Prior Year501120TotalRevenuePriorYear
Total Revenue Current Year622375TotalRevenueCurrentYear
Grants And Similar Amnts CY0GrantsAndSimilarAmntsCY
Benefits Paid To Members CY0BenefitsPaidToMembersCY
Salaries Etc Prior Year144860SalariesEtcPriorYear
Salaries Etc Current Year180895SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY0TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year0TotalFundrsngExpCurrentYear
Other Expense Prior Year336846OtherExpensePriorYear
Other Expenses Current Year373167OtherExpensesCurrentYear
Total Expenses Prior Year481706TotalExpensesPriorYear
Total Expenses Current Year554062TotalExpensesCurrentYear
Revenues Less Expenses Prior Year19414RevenuesLessExpensesPriorYear
Revenues Less Expenses CY68313RevenuesLessExpensesCY
Total Assets BOY277411TotalAssetsBOY
Total Assets EOY354588TotalAssetsEOY
Total Liabilities BOY7444TotalLiabilitiesBOY
Total Liabilities EOY16308TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY269967NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY338280NetAssetsOrFundBalancesEOY
Info In Schedule O Part IIIXInfoInScheduleOPartIII
Mission DescriptionTO PROVIDE RELIGIOUS EDUCATIONMissionDescription
Significant New Program ServicesfalseSignificantNewProgramServices
Significant ChangefalseSignificantChange
Expense359099Expense
DescriptionTO PROVIDE RELIGIOUS EDUCATIONDescription

Activity Other ActivityOther

FieldValueIRS element (for citing)
Expense13010Expense
DescriptionDEPRECIATIONDescription
FieldValueIRS element (for citing)
Total Of Other Program Service Exp13010TotalOfOtherProgramServiceExp
Total Program Service Expense372109TotalProgramServiceExpense
Described In501 C3trueDescribedIn501C3
Schedule B RequiredfalseScheduleBRequired
Political ActivitiesfalsePoliticalActivities
Lobbying ActivitiesfalseLobbyingActivities
Subject To Proxy TaxfalseSubjectToProxyTax
Donor Advised FundsfalseDonorAdvisedFunds
Conservation EasementsfalseConservationEasements
Collections Of ArtfalseCollectionsOfArt
Credit CounselingfalseCreditCounseling
Term Or Permanent EndowmentsfalseTermOrPermanentEndowments
Report Land Bldg EquiptrueReportLandBldgEquip
Report Invest Oth SecuritiesfalseReportInvestOthSecurities
Report Prog Rel InvestfalseReportProgRelInvest
Report Other AssetsfalseReportOtherAssets
Report Other LiabilitiestrueReportOtherLiabilities
Report Fin48 FootnotefalseReportFin48Footnote
Independent Audit Financial StmtfalseIndependentAuditFinancialStmt
Consolidated Audit Financial StmtfalseConsolidatedAuditFinancialStmt
SchooltrueSchool
Foreign OfficefalseForeignOffice
Foreign ActivitiesfalseForeignActivities
More Than5000 K To OrganizationsfalseMoreThan5000KToOrganizations
More Than5000 K To IndividualsfalseMoreThan5000KToIndividuals
Professional FundraisingfalseProfessionalFundraising
Fundraising ActivitiestrueFundraisingActivities
GamingfalseGaming
HospitalfalseHospital
Grants To OrganizationsfalseGrantsToOrganizations
Grants To IndividualsfalseGrantsToIndividuals
Schedule J RequiredtrueScheduleJRequired
Tax Exempt BondsfalseTaxExemptBonds
Excess Benefit TransactionfalseExcessBenefitTransaction
Prior Excess Benefit TransactionfalsePriorExcessBenefitTransaction
Loan To Officer Or DQPfalseLoanToOfficerOrDQP
Grant To Related PersonfalseGrantToRelatedPerson
Bsnss Rltnshp With OrganizationfalseBsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family MemberfalseBsnssRltnshpThruFamilyMember
Officer Entity With Bsnss RltnshpfalseOfficerEntityWithBsnssRltnshp
Deductible Non Cash ContributionsfalseDeductibleNonCashContributions
Deductible Contributions Of ArtfalseDeductibleContributionsOfArt
TerminatedfalseTerminated
Partial LiquidationfalsePartialLiquidation
Disregarded EntityfalseDisregardedEntity
Related EntityfalseRelatedEntity
Related Org Controlled EntityfalseRelatedOrgControlledEntity
Transaction Related EntityfalseTransactionRelatedEntity
Transfers To Exempt Non Chrtbl OrgfalseTransfersToExemptNonChrtblOrg
Activities Conducted PartnershipfalseActivitiesConductedPartnership
Schedule O RequiredfalseScheduleORequired
Number Forms Transmitted With109626NumberFormsTransmittedWith1096
Number W2 G Included0NumberW2GIncluded
Compliance With Backup WitholdingfalseComplianceWithBackupWitholding
Number Of Employees7NumberOfEmployees
Employment Tax Returns FiledtrueEmploymentTaxReturnsFiled
Unrelated Business IncomefalseUnrelatedBusinessIncome
Foreign Financial AccountfalseForeignFinancialAccount
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTrans
Taxable Party NotificationfalseTaxablePartyNotification
Non Deductible ContributionsfalseNonDeductibleContributions
Indoor Tanning ServicesfalseIndoorTanningServices
Info In Schedule O Part VIXInfoInScheduleOPartVI
Nbr Voting Governing Body Members14NbrVotingGoverningBodyMembers
Number Independent Voting Members2NumberIndependentVotingMembers
Family Or Business RelationshipfalseFamilyOrBusinessRelationship
Delegation Of Management DutiesfalseDelegationOfManagementDuties
Changes To Organizing DocsfalseChangesToOrganizingDocs
Material Diversion Or MisusefalseMaterialDiversionOrMisuse
Members Or StockholdersfalseMembersOrStockholders
Election Of Board MembersfalseElectionOfBoardMembers
Decisions Subject To ApprovalfalseDecisionsSubjectToApproval
Minutes Of Governing BodytrueMinutesOfGoverningBody
Minutes Of CommitteestrueMinutesOfCommittees
Officer Mailing AddressfalseOfficerMailingAddress
Local ChaptersfalseLocalChapters
Form990 Provided To Governing BodyfalseForm990ProvidedToGoverningBody
Conflict Of Interest PolicyfalseConflictOfInterestPolicy
Whistleblower PolicyfalseWhistleblowerPolicy
Document Retention PolicyfalseDocumentRetentionPolicy
Compensation Process CEOfalseCompensationProcessCEO
Compensation Process OtherfalseCompensationProcessOther
Investment In Joint VenturefalseInvestmentInJointVenture
States Where Copy Of Return Is FiledCAStatesWhereCopyOfReturnIsFiled

The Books Are In Care Of TheBooksAreInCareOf

FieldValueIRS element (for citing)
Name PersonSTEPHEN Y CHO CPANamePerson
Telephone Number2133830972TelephoneNumber

Address US AddressUS

FieldValueIRS element (for citing)
Address Line13250 WILSHIRE BLVD SUITE 1502AddressLine1
CityLOS ANGELESCity
StateCAState
ZIP Code90010ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (17 entries)

TitleTitleAverage Hours Per WeekAverageHoursPerWeekIndividual Trustee Or DirectorIndividualTrusteeOrDirectorReportable Comp From OrganizationReportableCompFromOrganizationReportable Comp From Related OrgsReportableCompFromRelatedOrgsOther CompensationOtherCompensationOfficerOfficerFormerFormer
HYUN WAN KIM
DEAN OF ACAD40.00X4680000
KYUNAM CHOI
VICE PRESIDE40.00X2640000X
ALEX Y KIM
DEAN OF STUD40.00X1500000
BONG JAE YOO
TRUSTEEX000
CHONG KIM
VICE SECRETAX000
DAL EUN LEE
TRUSTEEX000
DANIEL KANG
TRUSTEEX000
DONG JOO AHN
TREASURERX000
JAE MOON KIM
TRUSTEEX000
JOHN JONGOK KIM
TRUSTEEX000
DAVID KWANG SHIN KIM
PRESIDENTX000
PAUL GIHONG HAN
CHAIR MAN OFX000
RICHARD SEUNGHOON SHIN
TRUSTEEX000
SAM SHIN
TRUSTEEX000
SUH LEE
GENERAL SECRX000
WALTER TAE CHUNG
TRUSTEEX000
SUNG W LEE
DEAN OF STUD000X
FieldValueIRS element (for citing)
Total Reportable Comp From Org88200TotalReportableCompFromOrg
Formers ListedtrueFormersListed
Total Comp GT150 KfalseTotalCompGT150K
Compensation From Other SourcesfalseCompensationFromOtherSources
Fundraising Events28955FundraisingEvents
Related Organizations108000RelatedOrganizations
All Other Contributions66445AllOtherContributions
Total Contributions203400TotalContributions

Program Service Revenue ProgramServiceRevenue (3 entries)

DescriptionDescriptionTotal Revenue ColumnTotalRevenueColumnRelated Or Exempt Function IncomeRelatedOrExemptFunctionIncome
TUITION & FEES400669400669
SPECIAL LECTURE & FEES117356117356
SCHLOARSHIP-99050-99050
FieldValueIRS element (for citing)
Total Program Service Revenue418975TotalProgramServiceRevenue

Total Revenue TotalRevenue

FieldValueIRS element (for citing)
Total Revenue Column622375TotalRevenueColumn
Related Or Exempt Function Income418975RelatedOrExemptFunctionIncome

Other Salaries And Wages OtherSalariesAndWages

FieldValueIRS element (for citing)
Total168040Total
Program Services122440ProgramServices
Management And General45600ManagementAndGeneral

Payroll Taxes PayrollTaxes

FieldValueIRS element (for citing)
Total12855Total
Program Services7713ProgramServices
Management And General5142ManagementAndGeneral

Fees For Services Accounting FeesForServicesAccounting

FieldValueIRS element (for citing)
Total7875Total
Management And General7875ManagementAndGeneral

Advertising Advertising

FieldValueIRS element (for citing)
Total12037Total
Program Services519ProgramServices
Management And General11518ManagementAndGeneral

Office Expenses OfficeExpenses

FieldValueIRS element (for citing)
Total3609Total
Management And General3609ManagementAndGeneral

Information Technology InformationTechnology

FieldValueIRS element (for citing)
Total14175Total
Management And General14175ManagementAndGeneral

Occupancy Occupancy

FieldValueIRS element (for citing)
Total99360Total
Program Services59616ProgramServices
Management And General39744ManagementAndGeneral

Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials

FieldValueIRS element (for citing)
Total194Total
Management And General194ManagementAndGeneral

Conferences Meetings ConferencesMeetings

FieldValueIRS element (for citing)
Total6324Total
Program Services6324ProgramServices

Depreciation Depletion DepreciationDepletion

FieldValueIRS element (for citing)
Total13010Total
Program Services13010ProgramServices

Insurance Insurance

FieldValueIRS element (for citing)
Total1391Total
Management And General1391ManagementAndGeneral

Other Expenses OtherExpenses (5 entries)

DescriptionDescriptionTotalTotalProgram ServicesProgramServicesManagement And GeneralManagementAndGeneral
TEACHING FEE - INSTRUCTOR8170181701
OUTSIDE SERVICES3546235462
STUDENT SERVICES1611616116
ACCEDITATION FEE1587215872
FACULTY AND TEACHING1489014890

All Other Expenses AllOtherExpenses

FieldValueIRS element (for citing)
Total51151Total
Program Services33908ProgramServices
Management And General17243ManagementAndGeneral

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total554062Total
Program Services372109ProgramServices
Management And General181953ManagementAndGeneral
Fundraising0Fundraising

Cash Non Interest Bearing CashNonInterestBearing

FieldValueIRS element (for citing)
BOY58646BOY
EOY100168EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

FieldValueIRS element (for citing)
BOY21000BOY
EOY17000EOY

Accounts Receivable AccountsReceivable

FieldValueIRS element (for citing)
BOY38477BOY
EOY86017EOY
FieldValueIRS element (for citing)
Land Buildings Equipment Basis252116LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec100713LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

FieldValueIRS element (for citing)
BOY159288BOY
EOY151403EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY277411BOY
EOY354588EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

FieldValueIRS element (for citing)
BOY2865BOY
EOY2888EOY

Deferred Revenue DeferredRevenue

FieldValueIRS element (for citing)
BOY3028BOY
EOY10848EOY

Other Liabilities OtherLiabilities

FieldValueIRS element (for citing)
BOY1551BOY
EOY2572EOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY7444BOY
EOY16308EOY
FieldValueIRS element (for citing)
Follow SFAS117XFollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

FieldValueIRS element (for citing)
BOY269967BOY
EOY338280EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY269967BOY
EOY338280EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY277411BOY
EOY354588EOY
FieldValueIRS element (for citing)
Reconcilation Revenue Expenses68313ReconcilationRevenueExpenses
Method Of Accounting AccrualXMethodOfAccountingAccrual
Accountant Compile Or ReviewfalseAccountantCompileOrReview
FS AuditedfalseFSAudited

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
School170b1 AiiXSchool170b1Aii

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Disclosed Orgs Legal ControlfalseDisclosedOrgsLegalControl
Disclosed For Charitable PurposesfalseDisclosedForCharitablePurposes
Written Policy MonitoringfalseWrittenPolicyMonitoring
Sect170h Requirements SatisfiedfalseSect170hRequirementsSatisfied
Solicited Assets For SalefalseSolicitedAssetsForSale
Agent Trustee EtcfalseAgentTrusteeEtc
Included On FSfalseIncludedOnFS
Endowments Held By Unrelated OrgsfalseEndowmentsHeldByUnrelatedOrgs
Endowments Held By Related OrgsfalseEndowmentsHeldByRelatedOrgs
Are Related Orgs Listed Schedule RfalseAreRelatedOrgsListedScheduleR

Other Land Buildings OtherLandBuildings

FieldValueIRS element (for citing)
Other Cost Or Other Basis252116OtherCostOrOtherBasis
Depreciation100713Depreciation
Book Value151403BookValue
FieldValueIRS element (for citing)
Total Of Book Value Land Buildings151403TotalOfBookValueLandBuildings

Other Liabilities OtherLiabilities

FieldValueIRS element (for citing)
DescriptionPAYROLL TAX PAYABLEDescription
Amount$2,572Amount
FieldValueIRS element (for citing)
Total Of Amounts2572TotalOfAmounts

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmttrueNondiscriminatoryPolicyStmt
Policy Statement In Brochures EtctruePolicyStatementInBrochuresEtc
Policy Publ Via Broadcast MediatruePolicyPublViaBroadcastMedia
Maint Racial Composition RecordstrueMaintRacialCompositionRecords
Maint Scholarships RecordstrueMaintScholarshipsRecords
Maint Copies Of Brochures EtctrueMaintCopiesOfBrochuresEtc
Maint Copies Of All SolicitationstrueMaintCopiesOfAllSolicitations
Discriminate Race Students RightsfalseDiscriminateRaceStudentsRights
Discriminate Race Admiss PoliciesfalseDiscriminateRaceAdmissPolicies
Discriminate Race Emplmn FacultyfalseDiscriminateRaceEmplmnFaculty
Discriminate Race ScholarshipsfalseDiscriminateRaceScholarships
Discriminate Race Educ PoliciesfalseDiscriminateRaceEducPolicies
Discriminate Race Use Of FcltsfalseDiscriminateRaceUseOfFclts
Discriminate Race Athletic ProgfalseDiscriminateRaceAthleticProg
Discriminate Race Other ActyfalseDiscriminateRaceOtherActy
Government Financial Aid ReceivedfalseGovernmentFinancialAidReceived
Government Financial Aid RevokedfalseGovernmentFinancialAidRevoked
Compliance With Rev Proc7550trueComplianceWithRevProc7550

Schedule G IRS990ScheduleG

Events Information EventsInformation

FieldValueIRS element (for citing)
Name Of Event1990PTVIII1CNameOfEvent1
Gross Receipts Event128955GrossReceiptsEvent1
Charitable Contributions Event128955CharitableContributionsEvent1
Gross Receipts Total28955GrossReceiptsTotal
Charitable Contributions Total28955CharitableContributionsTotal

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Severance PaymentfalseSeverancePayment
Supplemental Nonqual Retire PlanfalseSupplementalNonqualRetirePlan
Equity Based Comp ArrangementfalseEquityBasedCompArrangement
Comp Based On Revenue Of Filing OrgfalseCompBasedOnRevenueOfFilingOrg
Comp Based On Revenue Related OrgsfalseCompBasedOnRevenueRelatedOrgs
Comp Based Net Earnings Filing OrgfalseCompBasedNetEarningsFilingOrg
Comp Based Net Earnings Relate OrgsfalseCompBasedNetEarningsRelateOrgs
Any Non Fixed PaymentsfalseAnyNonFixedPayments
Initial Contract ExceptionfalseInitialContractException

Form990 Schedule J Part II Form990ScheduleJPartII

FieldValueIRS element (for citing)
Name PersonSUNG W LEENamePerson

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (3 entries)

IdentifierIdentifierReturn ReferenceReturnReferenceExplanationExplanation
ALL OTHER ACHIEVEMENTS DESCRIPTIONFORM 990, PAGE 2, PART III, LINE 4DDEPRECIATION
ORGANIZATION'S PROCESS USED TO REVIEW FORM 990FORM 990, PAGE 6, PART VI, LINE 11BNO REVIEW WAS OR WILL BE CONDUCTED.
GOVERNING DOCUMENTS DISCLOSURE EXPLANATIONFORM 990, PAGE 6, PART VI, LINE 19NO DOCUMENTS AVAILABLE TO THE PUBLIC

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