World Olivet Assembly Inc
Organization summary
Type of Nonprofit
Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.
Category: Religion-Related, Spiritual Development / Interfaith Issues (NTEE)
Donations to this organization are tax deductible.
Summary charts: organization finances over time
Revenue $17.2M (2023)
Expenses $14.5M (2023)
Total Assets $91.6M (2023)
Total Liabilities $42.1M (2023)
Tax Filings by Year
Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.
Fiscal Year Ending Jan.
2023
Extracted Financial Data
Extracted Financial Data from Form 990
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $15,442,048 |
89.7%
|
| Program Services | $570,000 |
3.3%
|
| Investment Income | $24 |
0.0%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $1,196,592 |
7.0%
|
| Net Fundraising | $0 | |
| Sales of Assets | $0 | |
| Net Inventory Sales | $0 | |
| Other Revenue | $0 |
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $75,000 |
0.5%
|
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $0 |
| Assets/Debt | ||
|---|---|---|
| Total Assets | $91,611,996 | |
| Total Liabilities | $42,129,169 |
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| Marian Spisak (Executive Dir.) | $50,000 | $0 | $0 |
| Chunmei Fu (Associate Pasto) | $25,000 | $0 | $0 |
| Alma Osorio (Trustee) | $0 | $0 | $0 |
Document Links
990
Filed on Dec. 15, 2023Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Jan.
2022
Extracted Financial Data
Extracted Financial Data from Form 990
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $18,084,238 |
90.2%
|
| Program Services | $770,000 |
3.8%
|
| Investment Income | $3,736 |
0.0%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $1,183,983 |
5.9%
|
| Net Fundraising | $0 | |
| Sales of Assets | $0 | |
| Net Inventory Sales | $0 | |
| Other Revenue | $0 |
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $107,500 |
0.5%
|
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $472,557 |
2.4%
|
| Assets/Debt | ||
|---|---|---|
| Total Assets | $85,253,007 | |
| Total Liabilities | $38,467,005 |
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| Marian Spisak (Executive Dir.) | $59,500 | $0 | $0 |
| Chunmei Fu (Associate Pasto) | $30,000 | $0 | $0 |
| Kristian Goropevsek (Director Of Int) | $18,000 | $0 | $0 |
Document Links
990
Filed on Dec. 15, 2022Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Jan.
2021
Extracted Financial Data
Extracted Financial Data from Form 990
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $16,636,298 |
83.4%
|
| Program Services | $1,100,000 |
5.5%
|
| Investment Income | $205,643 |
1.0%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $1,998,632 |
10.0%
|
| Net Fundraising | $0 | |
| Sales of Assets | $0 | |
| Net Inventory Sales | $0 | |
| Other Revenue | $0 |
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $61,500 |
0.4%
|
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $417,040 |
2.9%
|
| Assets/Debt | ||
|---|---|---|
| Total Assets | $79,385,936 | |
| Total Liabilities | $35,065,761 |
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| Marian Spisak (Executive Dir.) | $54,000 | $0 | $0 |
| Alma Osorio (Trustee) | $0 | $0 | $0 |
| David Chang (Chairman) | $0 | $0 | $0 |
Document Links
990
Filed on Dec. 16, 2021Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Jan.
2020
Extracted Financial Data
Extracted Financial Data from Form 990
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $14,809,191 |
83.7%
|
| Program Services | $1,300,000 |
7.3%
|
| Investment Income | $53,320 |
0.3%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $1,536,822 |
8.7%
|
| Net Fundraising | $0 | |
| Sales of Assets | $0 | |
| Net Inventory Sales | $0 | |
| Other Revenue | $0 |
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $118,500 |
0.9%
|
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $197,028 |
1.4%
|
| Assets/Debt | ||
|---|---|---|
| Total Assets | $64,566,989 | |
| Total Liabilities | $25,788,912 |
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| Mark Spisak (Trustee) | $54,000 | $0 | $0 |
| Juan We Chiu (General Secretary) | $40,000 | $0 | $0 |
| Seon Mi Seok (Director Of Education) | $12,000 | $0 | $0 |
Document Links
990
Filed on Nov. 16, 2020Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Jan.
2019
Extracted Financial Data
Extracted Financial Data from Form 990
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $13,050,613 |
80.3%
|
| Program Services | $2,366,929 |
14.6%
|
| Investment Income | $59,050 |
0.4%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $785,772 |
4.8%
|
| Net Fundraising | $0 | |
| Sales of Assets | $0 | |
| Net Inventory Sales | $0 | |
| Other Revenue | $0 |
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $95,400 |
0.9%
|
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $218,007 |
1.9%
|
| Assets/Debt | ||
|---|---|---|
| Total Assets | $51,135,067 | |
| Total Liabilities | $16,464,473 |
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| Juan We Chiu (General Secretary) | $52,000 | $0 | $0 |
| Seon Mi Seok (Director Of Education) | $38,900 | $0 | $0 |
| Mark Spisak (Trustee) | $4,500 | $0 | $0 |
Document Links
990
Filed on Dec. 17, 2019Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Jan.
2018
Extracted Financial Data
Extracted Financial Data from Form 990
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $14,872,750 |
90.3%
|
| Program Services | $750,000 |
4.6%
|
| Investment Income | $11,491 |
0.1%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $829,440 |
5.0%
|
| Net Fundraising | $0 | |
| Sales of Assets | $0 | |
| Net Inventory Sales | $0 | |
| Other Revenue | $0 |
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $134,300 |
1.2%
|
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $282,524 |
2.5%
|
| Assets/Debt | ||
|---|---|---|
| Total Assets | $43,088,629 | |
| Total Liabilities | $13,499,940 |
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| Seon Mi Seok (Director Of Education) | $49,800 | $0 | $0 |
| Juan We Chiu (General Secretary) | $48,000 | $0 | $0 |
| Miyeon Im (Director Of Mission) | $32,500 | $0 | $0 |
Document Links
990
Filed on Dec. 17, 2018Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Jan.
2017
Extracted Financial Data
Extracted Financial Data from Form 990
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $22,384,954 |
92.9%
|
| Program Services | $1,000,000 |
4.2%
|
| Investment Income | $1,457 |
0.0%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $704,000 |
2.9%
|
| Net Fundraising | $0 | |
| Sales of Assets | $0 | |
| Net Inventory Sales | $0 | |
| Other Revenue | $0 |
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $111,700 |
1.1%
|
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $188,214 |
1.8%
|
| Assets/Debt | ||
|---|---|---|
| Total Assets | $33,782,077 | |
| Total Liabilities | $9,323,632 |
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| Mark Spisak (Trustee) | $54,000 | $0 | $0 |
| Anthony Juan We Chiu (General Secretary) | $48,000 | $0 | $0 |
| Seon Mi Seok (Director Of Education) | $8,300 | $0 | $0 |
Document Links
990
Filed on March 1, 2018Primary tax return for a nonprofit’s activities, finances, and governance
990-T
For unrelated business income from activities not substantially related to the organization's tax-exempt purpose
Fiscal Year Ending Jan.
2016
Extracted Financial Data
Extracted Financial Data from Form 990
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $17,690,069 |
100.0%
|
| Program Services | $0 | |
| Investment Income | $104 |
0.0%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | $0 | |
| Net Inventory Sales | $0 | |
| Other Revenue | $0 |
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $50,780 |
2.0%
|
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $95,898 |
3.8%
|
| Assets/Debt | ||
|---|---|---|
| Total Assets | $28,293,346 | |
| Total Liabilities | $13,099,038 |
Document Links
990
Primary tax return for a nonprofit’s activities, finances, and governance
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