Kingdom Katalyst
- Assets
- $4.8m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 6
- Location
- Honolulu, HI
- Founding
- 02/2014
- Data as of
- 12/2023
- EIN
- 46-0821095
Organization Overview
Kingdom Katalyst, operating under the name K2 Hawaii Inc, is located in Honolulu, HI. The organization was established in 2014. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2023, K2 Hawaii Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. K2 Hawaii 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, K2 Hawaii Inc generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 15.0% each year . All expenses for the organization totaled $1.5m during the year ending 12/2023. While expenses have increased by 15.9% 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
TO PROMOTE AND SUPPORT CHRISTIAN ORGANIZATIONS BY PROVIDING CHURCHES, MINISTRIES AND OTHER CHRISTIAN-BASED ORGANIZATIONS ASSISTANCE AND GUIDANCE THROUGH A FULL RANGE OF AFFORDABLE, PROFESSIONAL-QUALITY BUSINESS AND ADVANCEMENT SERVICES; FURTHERING THE DEVELOPMENT OF LEADERSHIP WITHIN THE RELIGIOUS COMMUNITY; AND LAUNCHING NEW PROJECTS AND INITIATIVES TO FURTHER THE CHRISTIAN FAITH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATIONAL ASSISTANCE -DURING THE 2023 FISCAL YEAR, KINGDOM KATALYST PROVIDED ACCOUNTING AND BUSINESS MANAGEMENT SERVICES TO TEN CHURCHES, ALL MEMBERS OF THE FOURSQUARE DENOMINATION IN HAWAII. SERVICES WERE ALSO PROVIDED TO THE NATIONAL FOURSQUARE DISTRICT OFFICES AND THREE FOURSQUARE CAMPS ACROSS THE US. APPROXIMATELY 231 HOURS OF THE CHAIRMAN'S TIME WAS SPENT IN MEETINGS WITH CLIENT CHURCH REPRESENTATIVES, AND OTHER APOSTOLIC LEADERS TO FURTHER DEVELOP THE PROGRAM. SERVICE REVENUES FOR THESE SERVICES WERE MAINTAINED AT OR BELOW THE COST TO PROVIDE THE SERVICE. THE REMAINING COST NOT COVERED BY SERVICE REVENUE WAS OFFSET BY DONATIONS MADE TO KINGDOM KATALYST BY INDIVIDUALS AND OTHER RELIGIOUS ORGANIZATIONS.
CLIENT AND COMMUNITY LEADERSHIP DEVELOPMENT -THE PATH2FREEDOM PROGRAM FOCUSES ON CHRISTIAN LIFE COACHING OF APOSTOLIC LEADERS AND THEIR FAMILIES WITH THE PRIMARY OBJECTIVE OF DEVELOPING HEALTHY LEADERS WHO HAVE HEALTHY FAMILIES, WHO AS A RESULT CAN DEVELOP AND LEAD HEALTHY TEAMS WITHIN THEIR CHURCHES AND BUSINESSES. CLIENT LEADERSHIP, COMMUNITY LEADERS AND OTHER ASSOCIATES OF CLIENTS AND KINGDOM KATALYST LEADERSHIP ARE INVITED TO PARTICIPATE. THIS COMPANY OPERATES WITH THE SUPPORT OF DONATIONS FROM COMMUNITY LEADERS AND SERVICE REVENUE FROM CHURCHES AND OTHER ORGANIZATIONS. REVENUES WILL BE MAINTAINED AT OR BELOW THE COST TO PROVIDE THE SERVICE. APPROXIMATELY 104 HOURS OF THE CHAIRMAN'S TIME WAS SPENT IN MEETINGS WITH CLIENT CHURCH REPRESENTATIVES, AND COMMUNITY LEADERS TO FURTHER DEVELOP THE PROGRAM.
REAL ESTATE LEASING AND DEVELOPMENT SOLUTIONS -THE FIRST LEASE TO BE TRANSFERRED WAS THE EXISTING LEASE FOR ONE OF K2 HAWAII'S PROFESSIONAL SERVICE CLIENTS, WITH THE INTENTION OF REMOVING THE ADMINISTRATIVE BURDEN OF MAINTAINING THE LEASE, AS WELL AS MAKING THE MOST OPTIMAL USE OF THE SPACE BY OFFERING IT TO OTHER CHRISTIAN NON-PROFITS AND SMALL CHURCHES WITHOUT THE FINANCIAL MEANS TO LEASE THEIR OWN MINISTRY SPACE.
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 |
|---|---|---|---|
Creighton Arita Chairman | OfficerTrustee | 6.5 | $0 |
Edward Ontai Director | Trustee | 1 | $0 |
Alfred Rodi Director | Trustee | 1 | $0 |
Ken Hayashida Director | Trustee | 1 | $0 |
Justin Arita Director | Trustee | 1 | $0 |
Richard Kishaba Director | Trustee | 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 | $103,256 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $103,256 |
| Total Program Service Revenue | $1,301,135 |
| Investment income | $1,681 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$203 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,405,869 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $79,741 |
| 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. | $123,557 |
| Compensation of current officers, directors, key employees. | $30,024 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $408,556 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $47,128 |
| Payroll taxes | $44,280 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,058 |
| Fees for services: Accounting | $34,569 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $62,751 |
| Advertising and promotion | $0 |
| Office expenses | $9,552 |
| Information technology | $8,127 |
| Royalties | $0 |
| Occupancy | $606,923 |
| Travel | $9,776 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,119 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,149 |
| Insurance | $34,967 |
| All other expenses | $3,263 |
| Total functional expenses | $1,521,752 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $170,147 |
| Savings and temporary cash investments | $353,467 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $58,890 |
| 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 | $8,309 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,212,188 |
| Total assets | $4,803,001 |
| Accounts payable and accrued expenses | $51,915 |
| 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 | $4,268,197 |
| Total liabilities | $4,320,112 |
| Net assets without donor restrictions | $391,155 |
| Net assets with donor restrictions | $91,734 |
| 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 | $4,803,001 |
Grants Awarded
Over the last fiscal year, Kingdom Katalyst has awarded $79,241 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
WAVE OF LIFE MINISTRIES INTERNATIONAL PURPOSE: TO CONTINUE WORK OF HO'OHUI CITY IMPACT MINISTRY WHICH OFFERS FAITH-BASED CONSULTING TO CHURCHES AND OTHER NON PROFITS. | $72,241 |
DIAMOND HEAD FOURSQUARE CHURCH PURPOSE: SUPPORT FOR MULTI CHURCH GOOD FRIDAY SERVICES AND GLORY CONFERENCE. | $7,000 |