Kula Project Inc
- Assets
- $444.8k
- Revenue
- $916.2k
- Investments
- $0.0
- Employees
- 3
- Location
- Marietta, GA
- Founding
- 12/2013
- Data as of
- 12/2021
- EIN
- 45-5273875
Organization Overview
Kula Project Inc is located in Marietta, GA. The organization was established in 2013. According to its NTEE Classification (C35) the organization is classified as: Energy Resources Conservation & Development, under the broad grouping of Environment and related organizations. As of 12/2021, Kula Project Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kula Project 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 12/2021, Kula Project Inc generated $916.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.4% each year . All expenses for the organization totaled $749.5k during the year ending 12/2021. While expenses have increased by 25.7% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
KULA PROJECT IS ERADICATING POVERTY THROUGH THE DELEVOPMENT OF ENTREPRENEURS IN RWANDA THROUGH A 15-MONTH BUSINESS FELLOWSHIP THAT PROVIDES INDUSTRY TRAINING, LIFE AND LEADERSHIP SKILLS, AND BUSINESS INVESTMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KULA FELLOWSHIP: A HOLISTIC 15 MONTH PROGRAM DESIGNED TO ERADICATE POVERTY THROUGH THE DEVELOPMENT OF ENTREPENEURS. PROVIDES INDUSTRY TRAINING, LIFE AND LEADERSHIP SKILLS, AND BUSINESS INVESTMENT TO COFFEE AND ARTISAN FELLOWS IN COFFEE COMMUNITIES IN RURAL RWANDA. FELLOWSHIP COMPONENTS: INDUSTRY TRAINING, FARMER FIELD SCHOOL, TAILORING, WEAVING. DEVELOPMENTAL TRAINING: FINANCIAL LITERACY, FAMILY HEALTH AND NUTRITION, BUSINESS SELF-ESTEEM AND GENDER EQUALITY, ALL PAIRED WITH ONE-ON-ONE MENTORSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Buchanan Executive Director | OfficerTrustee | 60 | $76,031 |
Ryan Pernice Board Chair | OfficerTrustee | 2 | $0 |
Tami Mcqueen Secretary | OfficerTrustee | 4 | $0 |
Wade Preston Board Member | Trustee | 2 | $0 |
Tara Clapper Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $28,750 |
| All other contributions, gifts, grants, and similar amounts not included above | $817,752 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $846,502 |
| Total Program Service Revenue | $0 |
| Investment income | $472 |
| 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 | $69,243 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $916,217 |
| 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. | $76,030 |
| Compensation of current officers, directors, key employees. | $38,015 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $84,224 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,950 |
| Payroll taxes | $12,261 |
| Fees for services: Management | $16,870 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,662 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $25,706 |
| Office expenses | $3,834 |
| Information technology | $5,189 |
| 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 | $468 |
| All other expenses | $0 |
| Total functional expenses | $749,468 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $248,302 |
| Savings and temporary cash investments | $100,472 |
| 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 | $96,000 |
| 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 | $444,774 |
| Accounts payable and accrued expenses | $5,437 |
| 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 | $5,437 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $439,337 |
| 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 | $444,774 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Kula Project Inc has recieved totaling $170,342.
| Awarding Organization | Amount |
|---|---|
Bylo Chacon Foundation San Francisco, CA PURPOSE: GENERAL OPERATING SUPPORT | $75,000 |
Kyle Korver Foundation Sandy, UT PURPOSE: GENERAL SUPPORT | $50,000 |
One Days Wages Seattle, WA PURPOSE: EMPOWERING FEMALE ENTREPRENEURS @ LIDDY WOMEN'S CENTER | $36,240 |
Journey Charitable Foundation Southlake, TX PURPOSE: SUPPORT 10 ENTREPRENEURS THROUGH THE ENTIRETY OF THE KULA FELLOWSHIP PROGRAM IN RWANDA INCLUDING ALL TRAININGS, MATERIALS, FIELD STAFF EXPENSES, BUSINESS INVESTMENT, AND MENTORSHIP. | $9,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $102 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southface Energy Institute Inc Atlanta, GA | $9,241,956 | $6,315,697 |
Southern Alliance For Clean Energy Knoxville, TN | $8,898,789 | $4,579,602 |
Solar And Energy Loan Fund Of St Lucie County Inc Ft Pierce, FL | $16,284,264 | $6,002,177 |
Southeast Energy Efficiencyalliance Inc Atlanta, GA | $2,282,467 | $3,474,568 |
Florida Electric Power Coordinating Group Tampa, FL | $2,091,589 | $1,442,319 |
Mzc Foundation Inc Atlanta, GA | $780,857 | $1,908,335 |
Greenlink Analytics Inc Atlanta, GA | $1,968,974 | $2,188,127 |
Nc Greenpower Corporation Non Profit Raleigh, NC | $3,961,735 | $905,963 |
Heritage Preservation Trust Inc Edgefield, SC | $13,057,884 | $3,291,572 |
The Center For Energy Education Roanoke Rapids, NC | $576,493 | $957,048 |
Green Built Alliance Asheville, NC | $631,884 | $985,675 |
Kula Project Inc Marietta, GA | $444,774 | $916,217 |