Kerygma Ventures
- Assets
- $3.7m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 7
- Location
- Colleyville, TX
- Founding
- 12/1975
- Data as of
- 12/2023
- EIN
- 51-0156829
Organization Overview
Kerygma Ventures is located in Colleyville, TX. The organization was established in 1975. 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, Kerygma Ventures employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kerygma Ventures 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, Kerygma Ventures generated $1.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $1.6m during the year ending 12/2023. While expenses have increased by 6.0% per year over the past 8 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
THE ORGANIZATIONS MISSION IS TO SPREAD THE GOSPEL OF JESUS CHRIST BY HELPING PEOPLE IMPLEMENT THE LIFE-TRANSFORMING TRUTHS OF GODS WORD INTO PRACTICAL DAILY LIVING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION CONDUCTS SEMINARS, RETREATS, CONFERENCES, AND SPECIAL EVENTS TO TEACH AND TRAIN PEOPLE IN THE LIFE-TRANSFORMING TRUTHS OF GODS WORD. THE ORGANIZATION HOSTED MORE THAN 7 RETREATS ATTENDED BY MORE THAN 400 PEOPLE INCLUDING OUR ANNUAL FLAGSHIP PROGRAMS: LEADERSHIP EXPEDITION ALUMNI REUNION, THEOLOGICAL ROUNDTABLE, BEYOND HAPPINESS MARRIAGE RETREAT, WILDMAN TEXAS!, EPIC CONFERENCE, WEEKEND WITH DUDLEY, AND TREASURE HUNT WEEKEND FOR WOMEN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J Dudley Hall Presdir | OfficerTrustee | 40 | $206,580 |
Samuel Downe Secretary | Officer | 40 | $94,020 |
Nathaniel James Director | Trustee | 1 | $0 |
Scott Quillin Director | Trustee | 1 | $0 |
Stan Maddox Director | Trustee | 1 | $0 |
Jimmy James Treasurer | OfficerTrustee | 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 | $1,138,613 |
| Noncash contributions included in lines 1a–1f | $71,444 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,138,613 |
| Total Program Service Revenue | $122,462 |
| Investment income | $22,005 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $64,850 |
| Net Gain/Loss on Asset Sales | $131,184 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $4,906 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,484,587 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $61,300 |
| Grants and other assistance to domestic individuals. | $61,300 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $291,729 |
| Compensation of current officers, directors, key employees. | $14,586 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $219,031 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,820 |
| Payroll taxes | $13,266 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,575 |
| Fees for services: Accounting | $68 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,424 |
| Fees for services: Other | $128,474 |
| Advertising and promotion | $5,161 |
| Office expenses | $24,932 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $243,306 |
| Travel | $14,712 |
| 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 | $143,515 |
| Insurance | $2,694 |
| All other expenses | $50,005 |
| Total functional expenses | $1,610,643 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $263,292 |
| Savings and temporary cash investments | $162,624 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $16,182 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,696,561 |
| Investments—publicly traded securities | $554,146 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $35,858 |
| Other assets | $0 |
| Total assets | $3,737,663 |
| Accounts payable and accrued expenses | $62,079 |
| 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 | $62,079 |
| Net assets without donor restrictions | $3,675,584 |
| 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 | $3,737,663 |
Grants Awarded
Over the last fiscal year, Kerygma Ventures has awarded $27,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
INTERNATIONAL FRIENDS OF COMPASSION PURPOSE: provide support to nonprofit | $15,000 |
SHARED LIFE SERVICES PURPOSE: provide support to nonprofit | $6,000 |
SOUND WORD MINISTRIES PURPOSE: provide support to nonprofit | $6,000 |