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Serin Charities INC FY2021 filing

Tax-deductible

Irving, TX501(c)(3)Since 2012EducationEIN 80-0776039

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The organization is formed to promote christianity generally by providing christian based education in south korea. IT also provides adult education in the areas of english instruction.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average deficit $5K a year · 1% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.0 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 5 voting members
Worth a look: 2 of 5 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$430K
+15% vs prior year
Spent
$430K
To programs
100%
Net assets
$657
By yearFY2020–FY2025
Revenue
$430K
FY2021▲ +15%
Revenue by fiscal year
FY2020$373K
FY2021$430K
FY2022$345K
FY2023$572K
FY2024$369K
FY2025$161K
Expenses
$430K
FY2021▲ +7%
Expenses by fiscal year
FY2020$403K
FY2021$430K
FY2022$345K
FY2023$571K
FY2024$369K
FY2025$161K
Net assets
$657
FY2021▲ +15%
Net assets by fiscal year
FY2020$570
FY2021$657
FY2022$521
FY2023$572
FY2024$385
FY2025$201

From the FY2021 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2013.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $430K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
Hwansoo Lee
Director
$0Pt VII · Sec A
Hyunjung Lee
Director
$0Pt VII · Sec A
Jerome Lee
Director
$0Pt VII · Sec A
John Lee
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Serin Charities INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers Christian education in South Korea and English instruction for adults.

Provided by the organization

This section is blank until Serin Charities INC claims this page.

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3 program services account for $427K of program spending, described in the organization's own filed words · FY2021.
01

Global Christian Dream School Expenses

170,400 - TEACHER/STAFF salaries 52,242 - supplies, books, food

$223Kprogram expense
02

Gwang-Ju Bible College & Seminary Expenses

117,600 - TEACHER/STAFF salaries 14,993 - supplies, books, food

$133Kprogram expense
03

Sung-DO Korean Baptist Church Expenses

50,400 - TEACHER/STAFF salaries 21,365 - supplies, books, food

$72Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$430K
Ln 12
Gifts and grantsLn 1h$430K
Money outPt IX
$430K
Ln 25
Programscol B$430K
Owns and owesPt X
$657
net assets · Ln 32
Cash and savingsLn 1–2$657
Total assetsLn 16$657
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$430K
Total revenueLn 12$430K
Assets in detailPt X, end of year
CashLn 1$657
Cash and savings togetherLn 1–2$657
Total assetsLn 16$657
LiabilitiesLn 26$0
Net assetsLn 32$657
OperationsPt I, VI
EmployeesI 50
VolunteersI 62
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$570$657
Total assetsLn 16$570$657
LiabilitiesLn 26$0$0
Net assetsLn 32$570$657
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$427K$427K
Accounting feesLn 11c$3K$3K
Other expenses (24a–d)Ln 24$288$288
Total functional expensesLn 25$430K$430K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $161K$161K−$184$201 990 PDF
FY2024 $369K$369K−$187$385 990 PDF
FY2023 $572K$571K$51$572 990 PDF
FY2022 $345K$345K−$136$521 990 PDF
FY2021 Viewing $430K$430K$87$657 990 PDF
FY2020 $373K$403K−$30K$570 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $430,000 across 4 lines filed
VIII-1d Related organizations$427,000
VIII-1f All other contributions, gifts and grants$3,000
VIII-1h Total contributions, gifts and grants$430,000
VIII-12 Total revenue$430,000
Part IX · Statement of functional expenses $429,913 across 3 lines filed
IX-3 Grants and assistance to foreign recipientsPrograms $427,000$427,000
IX-11c Accounting feesPrograms $2,625$2,625
IX-24 Other expenses (24a–d)Programs $288$288
IX-25 Total functional expensesPrograms $429,913 · Management $0 · Fundraising $0$429,913
Part X · Balance sheet $657 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $570$657
X-16 Total assetsStart of year $570$657
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $570$657
X-32 Total net assets or fund balancesStart of year $570$657
X-33 Total liabilities and net assetsStart of year $570$657
Part XI · Reconciliation of net assets $657 net assets at year end
XI-1 Total revenue$430,000
XI-2 Total expenses$429,913
XI-3 Revenue less expenses$87
XI-4 Net assets at start of year$570
XI-10 Net assets at end of year$657

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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