Kingdom Capital Fund
- Assets
- $2.7m
- Revenue
- $1.9m
- Investments
- $1.0m
- Employees
- 2
- Location
- Sioux Falls, SD
- Founding
- 06/2008
- Data as of
- 12/2021
- EIN
- 26-0194811
Organization Overview
Kingdom Capital Fund is located in Sioux Falls, SD. The organization was established in 2008. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Kingdom Capital Fund employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kingdom Capital Fund 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 12/2021, Kingdom Capital Fund generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.3% each year . All expenses for the organization totaled $592.7k during the year ending 12/2021. While expenses have increased by 0.3% per year over the past 7 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.
Since 2015, Kingdom Capital Fund has awarded 45 individual grants totaling $4,073,760. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE FOR CHARITABLE, RELIGIOUS, AND EDUCATIONAL PURPOSES AND FOR THE SUPPORT AND BENEFIT OF QUALIFIED CHARITABLE ORGANIZATIONS THAT SUPPORT, PROMOTE, AND PERFORM CHRISTIAN OBJECTIVES.
Describe the Organization's Program Activity:
DONATIONS TO NON-PROFIT ORGANIZATIONS THAT MEET THE MISSION OF KINGDOM CAPITAL FUND.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rich Merkouris President | Officer | 40 | $82,500 |
Steve Jankord Chair | OfficerTrustee | 1 | $0 |
Heath Oberloh Vice Chair | OfficerTrustee | 1 | $0 |
Rob Broin Secretary | OfficerTrustee | 1 | $0 |
Deb Konz Treasurer | OfficerTrustee | 1 | $0 |
Jen Dejong Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $14,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,406,601 |
| Noncash contributions included in lines 1a–1f | $736,034 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,420,601 |
| Total Program Service Revenue | $0 |
| Investment income | $20,429 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$57,302 |
| Net Gain/Loss on Asset Sales | $298,320 |
| Net Income from Fundraising Events | $165,852 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,855,135 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $343,333 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $82,500 |
| Compensation of current officers, directors, key employees. | $82,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $53,117 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,600 |
| Payroll taxes | $10,375 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $560 |
| Fees for services: Accounting | $17,466 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | -$932 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,775 |
| Office expenses | $4,184 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,648 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $24,510 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,067 |
| Insurance | $0 |
| All other expenses | $920 |
| Total functional expenses | $592,714 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $678,575 |
| Savings and temporary cash investments | $568,976 |
| 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 | $76,659 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $925 |
| Investments—publicly traded securities | $372,795 |
| Investments—other securities | $1,013,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,710,930 |
| Accounts payable and accrued expenses | $7,906 |
| 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 | $7,906 |
| Net assets without donor restrictions | $2,703,024 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $2,710,930 |
Grants Awarded
Over the last fiscal year, Kingdom Capital Fund has awarded $342,333 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Grand Rapids, MI PURPOSE: GENERAL PURPOSE | $107,627 |
Sioux Falls, SD PURPOSE: GENERAL PURPOSE | $100,000 |
Marshall, MN PURPOSE: GENERAL PURPOSE | $50,000 |
Sioux Falls, SD PURPOSE: GENERAL PURPOSE | $34,627 |
Spring Hill, TN PURPOSE: GENERAL PURPOSE | $28,579 |
Sioux Falls, SD PURPOSE: GENERAL PURPOSE | $21,500 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Kingdom Capital Fund has recieved totaling $155,450.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: RELIGION RELATED | $79,500 |
Thrivent Charitable Impact & Investing Appleton, WI PURPOSE: 1% CHALLENGE | $45,000 |
Christian Community Foundation Inc Colorado Springs, CO PURPOSE: RELIEF SUPPORT,GENERAL SUPPORT | $30,000 |
Schock Foundation Sioux Falls, SD PURPOSE: GENERAL OPERATIONS | $950 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Immanuel Lutheran Corporation Of Kalispell Montana Kalispell, MT | $74,381,473 | $25,428,001 |
Association Of Hutterian Brethren Churches Inc Aberdeen, SD | $14,512,217 | $27,857,692 |
Good Shepherd Lutheran Community Blair, NE | $4,394,791 | $5,136,170 |
International Messengers Clear Lake, IA | $5,781,763 | $6,946,691 |
American Lutheran Church Elk Horn, IA | $6,340,352 | $5,973,020 |
Training Leaders International Minneapolis, MN | $2,737,195 | $5,107,369 |
Thrivent Financial for Lutherans Foundation Minneapolis, MN | $0 | $8,333,726 |
Nebraska Lutheran Outdoor Ministries Inc Ashland, NE | $11,165,008 | $3,788,912 |
Vision Beyond Borders Inc Casper, WY | $1,888,675 | $2,473,457 |
Lutheran Brethren Woodland Lodge Inc Fergus Falls, MN | $3,043,872 | $1,494,856 |
Saint Benedict Center Schuyler, NE | $23,442,378 | $3,304,045 |
Lutherans For Life Nevada, IA | $1,509,638 | $1,790,858 |