International Reformed Univ& Semi
Nonprofit profile at a glance
- EIN
- 953614603
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Los Angeles, CA, USA
- Phone
- 2133839665
- Rating
- 64
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Affiliation
- Christianity
Reported finances
- Revenue
- $751,277
- Expenses
- $559,352
- Assets
- $2,469,055
- Liabilities
- $1,794
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
1 person listed
Executive titles in this filing
- HUN SUNG PARK (PRESIDENT)
People named in this filing
- HUN SUNG PARK (PRESIDENT)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
International reformed university and seminary is an institution of biblical higher education, whose mission is to prepare members of the faith community in northern american region including los angeles and further throughout the world, for service as future and lay leaders not only in korean immigrant churches in the world but also in all the churches of god. This preparation is to train men and women who are approved workmen who do not need to be ashamed, and who correctly handle the word of the truth so that they may exert themselves in developing themselves to god.
What it reported doing in 2024
Prhigher education access: irus will provide access to higher education for all church members of immigrant community. Irus recognizes that learning is a life-long process and thus will make education more accessible and affordable. Our communities and church growth: irus will foster collaborative relationships that facilitate partnering for mutual success, being affiliated with churches in denominations to nurture church leaders. Quality academic services: irus will provide the quality teaching and learning focused on academic achievement and personal and professional growth and utilize appropriate technologies to advance programs, services and operations to support teaching and learning. Practical ministry readiness: irus will offer high-quality degree programs and will deliver them in a manner that prepares graduates to put their biblical knowledge and theology into practice.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 36
- Transparency & Controls: 92
- Accountability: 70
- Sustainability: 81
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 35.8%; rating input score 36
- Program expense ratio: 48.1%; rating input score 48
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 2 of 7 controls in place; rating input score 29
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 25.5%; rating input score 81; 81st percentile among comparable filings
- Total-asset coverage ratio: 4.41; rating input score 83; 83rd percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: 3.1% per year; rating input score 100; 32nd percentile among comparable filings
- Revenue growth: 5.4% per year; rating input score 100; 46th percentile among comparable filings
- Asset growth: -1.9% per year; rating input score 0; 12th percentile among comparable filings
Details
- Where the money goes: 35.8% of revenue deployed · 48.1% of spending went to programs
- Governance: 11 of 11 board members independent · 2 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $269K in reported program spending
- Leadership: top reported pay $0 · 1 people listed
- Consistency: 22 of 22 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 12 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- Moderate — Financial Efficiency: Mission deployment rate scored 36/100.
- Moderate — Financial Efficiency: Program expense ratio scored 48/100.
- High — Accountability: Governance controls: 4 of 6 not reported.
- High — Growth: Asset growth scored 0/100.
- High — Grant Readiness: California registration: this organization is not authorized to operate as a charity in California.