Kumveka
- Assets
- $255.8k
- Revenue
- $436.2k
- Investments
- $0.0
- Employees
- 11
- Location
- Richmond, VA
- Founding
- 08/2010
- Data as of
- 12/2021
- EIN
- 27-0199785
Organization Overview
Kumveka is located in Richmond, VA. The organization was established in 2010. According to its NTEE Classification (Q19) the organization is classified as: Support N.E.C., under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2021, Kumveka employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kumveka 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, Kumveka generated $436.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.8%) each year. All expenses for the organization totaled $448.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.8%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CONNECT GOD GIVEN GIFTS OF CREATIVE PROFESSIONALS TO GOD INSPIRED PASSIONS OF OTHER MINISTRIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
KUMVEKA PROVIDES SERVICES TO INCLUDE, BUT NOT LIMITED TO MARKETING, BRANDING, COMMUNICATION PLANS AND MARKETING MATERIALS/APPLICATIONS TO CHRIST PRODUCED MINISTRIES AROUND THE WORLD
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Kennedy Executive Dir. | Trustee | 40 | $120,173 |
Fritz Kling Trustee | Trustee | 0 | $0 |
Nick Johnson Trustee | Trustee | 0 | $0 |
Randy Holmes Trustee | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $172,496 |
| All other contributions, gifts, grants, and similar amounts not included above | $22,185 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $194,681 |
| Total Program Service Revenue | $241,474 |
| Investment income | $10 |
| 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 | $436,165 |
| 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 | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $102,173 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $252,100 |
| Pension plan accruals and contributions | $12,958 |
| Other employee benefits | $1,510 |
| Payroll taxes | $27,564 |
| Fees for services: Management | $2,058 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,905 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,448 |
| Advertising and promotion | $5,931 |
| Office expenses | $9,825 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,930 |
| Travel | $2,504 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,611 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,553 |
| All other expenses | -$517 |
| Total functional expenses | $448,944 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $82,996 |
| Savings and temporary cash investments | $172,797 |
| 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 | $255,793 |
| Accounts payable and accrued expenses | $3,290 |
| 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 | $3,290 |
| 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 | $252,503 |
| Total liabilities and net assets/fund balances | $255,793 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Kumveka has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: HUMAN SERVICES | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Environmental Investigation Agency Washington, DC | $7,230,808 | $6,987,588 |
Air Serv International Inc Remington, VA | $6,803,077 | $2,257,482 |
International Corrugated Packaging Foundation Alexandria, VA | $19,340,867 | $1,163,366 |
Kumveka Richmond, VA | $255,793 | $436,165 |
Operation Renewed Hope Medical Missions Agency Fayetteville, NC | $827,138 | $505,279 |
Mission Safety International Inc Elizabethton, TN | $221,471 | $449,612 |
Crosspoint Of India Inc Bartlett, TN | $352,189 | $253,130 |
Christalis Inc Burtonsville, MD | $326,402 | $244,300 |
Outposts Of Hope Inc Durham, NC | $32,425 | $0 |
Worldwide Hearts & Hands Inc Lexington, KY | $444,668 | $177,427 |
Missionaire International Winchester, TN | $0 | $0 |
Blue Mountain Project Washington, DC | $28,816 | $0 |