Kings Ransom Foundation
- Assets
- $2.6m
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 3
- Location
- Kerrville, TX
- Founding
- 09/2009
- Data as of
- 12/2019
- EIN
- 26-4451422
Organization Overview
Kings Ransom Foundation is located in Kerrville, TX. The organization was established in 2009. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2019, Kings Ransom Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kings Ransom Foundation 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 12/2019, Kings Ransom Foundation generated $5.0m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $5.1m during the year ending 12/2019. While expenses have increased by 7.9% per year over the past 5 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, Kings Ransom Foundation has awarded 35 individual grants totaling $781,817. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
SERVING PEOPLE IN NEED, HELPING THEM REACH THEIR FULL POTENTIAL AND SPREAD THE GOSPEL OF JESUS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KING'S RANSOM FOUNDATION (KRF) IS DEDICATED TO SERVING PEOPLE IN NEED WORLDWIDE, ESPECIALLY FAMILIES AND CHILDREN, TO HELP THEM REACH THEIR FULL POTENTIAL AND SPREAD THE GOSPEL OF JESUS CHRIST. THE FOUNDATION RAISES FUNDS SPECIFICALLY TO HELP THOSE IN NEED OF FOOD, CLOTHING, AND SHELTER. GIVING IS PRIMARILY DEVOTED TO 501(C)(3) ENTITIES. THE FOUNDATION ALSO PROVIDES SUPPORT TO INDIVIDUALS OR FAMILIES FACING DIFFICULT CIRCUMSTANCES.IN 2019, KRF HELPED TO ASSIST OVER 3 MILLION ORPHANS, WIDOWS AND FAMILIES TO RECEIVE FOOD, WATER, SAFE HOUSING, MEDICAL CARE AND EDUCATION. SOME OF THE STORIES OF THOSE IN NEED AND HOW THEY WERE HELPED ARE CONTINUED ON SCHEDULE O.KRF BUILT 499 HOMES FOR THE EXTREME POOR IN NICARAGUA. OUR GOAL IS TO BRING THESE FAMILIES OUT OF THEIR DESTITUTE CONDITIONS THROUGH THE CONSTRUCTION OF COMMUNITY CENTERS AND DOUBLE-UNIT HOMES WITH SANITATION, ACCESS TO POTABLE WATER, AND SUSTAINABLE CHICKEN FARMS. EACH UNIT IS EQUIPPED WITH TWO BEDROOMS, A LIVING ROOM, A PERSONAL SANITATION UNIT, A STOVE, AND A CONNECTION FOR POTABLE WATER. THE UNIT COSTS $5,200 TO BUILD.KRF CONTINUED SUPPORT TO HOME OF HOPE IN INDIA TO PROVIDE A FACILITY PROVIDING FREE ROOM AND BOARD, THREE MEALS A DAY, CLEAN WATER, CLOTHING, AND EDUCATION TO 175 ORPHAN BOYS IN INDIA. ALL THESE BOYS WERE HOMELESS DUE TO THEIR PARENTS BEING MARTYRED FOR THEIR BELIEFS.KRF CONTINUED ITS SUPPORT TO THE KING'S CHILDREN'S HOME IN BELIZE, PROVIDING DAY TO DAY NEEDS FOR 60 CHILDREN.KRF WORKED WITH FRONTIER HARVEST MINISTRIES DELIVERING CHLORINE GENERATORS TO ASIA, AFRICA, THE CARRIBEAN AND SOUTH AMERICA.KRF CONTINUED ITS SUPPORT TO HELP RESCUE CHILDREN ENSLAVED IN THE SEX TRADE INDUSTRY AIDING IN THE PROCESS OF OVER 1,500 CHILDREN.KRF IS ALSO WORKING WITH A LEVITE IN ISRAEL WHO FINDS PEOPLE IN THE MOST DESPERATE OF SITUATIONS AND PROVIDES FOR THEIR NEEDS TO HELP THEM GET OUT OF THEIR DIFFICULT SITUATIONS. HE ALSO FINDS ORGANIZATIONS THAT PROVIDE FOOD AND ASSIST IN BETTERING THE LIVES AND LIVING CONDITIONS OF INDIVIDUALS AND FAMILIES IN NEED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Williams Finance Adminstrator | Officer | 40 | $59,000 |
Danette Johnson President | OfficerTrustee | 2 | $0 |
Jennifer Rachford Secretary | OfficerTrustee | 0.1 | $0 |
John Graves Director / Legal Counsel | Trustee | 0.1 | $0 |
Jeff Usner Director | Trustee | 0.1 | $0 |
Jennifer Usner Director | Trustee | 0.1 | $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 | $5,001,341 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,001,341 |
| Total Program Service Revenue | $0 |
| Investment income | $174 |
| 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 | $5,001,515 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $192,900 |
| Grants and other assistance to domestic individuals. | $52,100 |
| Grants and other assistance to Foreign Orgs/Individuals | $4,513,187 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $60,200 |
| Compensation of current officers, directors, key employees. | $60,200 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $52,276 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,639 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,789 |
| Fees for services: Accounting | $3,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $47,700 |
| Advertising and promotion | $0 |
| Office expenses | $102,254 |
| Information technology | $4,916 |
| Royalties | $0 |
| Occupancy | $16,090 |
| 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 | $1,891 |
| All other expenses | $7,369 |
| Total functional expenses | $5,065,661 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,017,879 |
| Savings and temporary cash investments | $605,615 |
| 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 | $2,623,494 |
| Accounts payable and accrued expenses | $573,604 |
| 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 | $573,604 |
| Net assets without donor restrictions | $686,290 |
| Net assets with donor restrictions | $1,363,600 |
| 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 | $2,623,494 |
Grants Awarded
Over the last fiscal year, Kings Ransom Foundation has awarded $188,400 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
HABITAT FOR SAFE SENIORS PURPOSE: Provide food for the elderly | $38,400 |
IMPACT CHRISTIAN FELLOWSHIP PURPOSE: Support needs of poor families and the elderly | $12,000 |
THE LOVE KITCHEN INCORPORATED PURPOSE: Provide meals, clothing, and emergency food to those in need | $12,000 |
DIETERT CENTER - MEALS ON WHEELS PURPOSE: Senior care and meals, including shut-in's. | $6,000 |
CHILDREN'S VILLAGE FOUNDATION PURPOSE: Support orphanage | $36,000 |
TOGETHER FREEDOM INC PURPOSE: Provide support to girls rescued from the sex industry | $84,000 |