Koins For Kenya Inc
- Assets
- $250.7k
- Revenue
- $409.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Kaysville, UT
- Founding
- 08/2006
- Data as of
- 12/2023
- EIN
- 20-5053322
Organization Overview
Koins For Kenya Inc is located in Kaysville, UT. The organization was established in 2006. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Koins For Kenya Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Koins For Kenya Inc generated $409.6k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $270.8k during the year ending 12/2023. While expenses have increased by 4.7% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
KOINS FOR KENYA'S PRIMARY GOAL IS TO IMPROVE THE MUCH-NEEDED EDUCATIONAL OPPORTUNITIES TO STUDENTS IN RURAL VILLAGES. WE ACCOMPLISH THIS VIA OUR STUDENT SCHOLARSHIP PROGRAM, WHICH PROVIDES FINANCIAL RESOURCES FOR STUDENTS IN REMOTE VILLAGES TO ATTEND SECONDARY (HIGH) SCHOOL. WE PROVIDE VERY NEEDY SCHOOLS WITH NEW CLASSROOMS, TOILETS, WATER CISTERNS, AND DESKS THE STUDENTS NEED IN ORDER TO IMPROVE THEIR OPPORTUNITY FOR EDUCATION IN A BETTER ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KOINS FOR KENYA PROVIDED SCHOLARSHIPS FOR 37 BRIGHT BUT NEEDY SECONDARY SCHOOL (HIGH SCHOOL) STUDENTS TO ATTEND SCHOOL. WITHOUT THIS SUPPORT THEY WOULD NOT HAVE BEEN ABLE TO PAY THEIR SCHOOL FEES, ALLOWING THEM TO ATTEND SCHOOL. THE STUDENTS SENT PROGRESS LETTERS TO THEIR SPONSOR THREE TIMES PER YEAR. THE CONSTRUCTION PROJECTS TO IMPROVE THE RURAL SCHOOLS THAT WE SUPPORTED BUILT 12 NEW CLASSROOMS, 5 WATER CISTERNS, 7 TOILETS, AND 320 DESKS AT SIX DIFFERENT LOCATIONS, KOINS ALSO PROVIDED 50 LOCKERS AT THE SECONDARY SCHOOL. THE ENROLLMENT AT THESE SCHOOLS VARIES FROM 200 TO 800 STUDENTS. KOINS HAS FOUND WITH NEW AND IMPROVED INFRASTRUCTURE ENROLLMENT AT THE SCHOOLS INCREASE AND THE STUDENTS ARE BETTER ABLE TO LEARN. A SOLAR BOREHOLE/WATER CISTERN AND PUMPING SYSTEM WAS ADDED. MANY MORE WILL NOW BE ADDED IN COMING YEARS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Littlefield Secretary | OfficerTrustee | 10 | $0 |
Stephen Littlefield Chairman | OfficerTrustee | 12 | $0 |
Burton Matthews Fundraising | Trustee | 7 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $409,410 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $409,410 |
| Total Program Service Revenue | $0 |
| Investment income | $182 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $409,592 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $263,493 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $327 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $46 |
| Total functional expenses | $270,807 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $250,729 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $250,729 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $250,729 |
| Total liabilities and net assets/fund balances | $250,729 |