Koinonia Foundation Inc
- Assets
- $1.0m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 2
- Location
- Alexandria, VA
- Founding
- 09/1970
- Data as of
- 06/2023
- EIN
- 54-0806221
Organization Overview
Koinonia Foundation Inc is located in Alexandria, VA. The organization was established in 1970. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, under the broad grouping of Human Services and related organizations. As of 06/2023, Koinonia Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Koinonia Foundation 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 06/2023, Koinonia Foundation Inc generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.5% each year . All expenses for the organization totaled $946.5k during the year ending 06/2023. While expenses have increased by 11.3% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE SHORT TERM EMERGENCY ASSISTANCE AND SELF-SUFFICIENCY SERVICES TO THE RESIDENTS OF THE GREATER KINGSTOWNE/FRANCONIA AREA. WE PROVIDE EMERGENCY ASSISTANCE WITH FOOD, CLOTHING AND A FINANCIAL SAFETY NET. WE ALSO OFFER COUNSELING AND EDUCTION TO BREAK THE CYCLE OF POVERTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE EMERGENCY RELIEF SERVICES (ERS) IS AT THE CORE OF KOINONIA'S MISSION. KOINONIA, ON AN EVERYDAY BASIS, HELPS INDIVIDUALS AND FAMILIES OVERCOME SHORT-TERM OBSTACLES IN THEIR LIVES. KOINONIA PROVIDES LIFE-SAVING AND LIFE-CHANGING ASSISTANCE THAT KEEPS POVERTY AT BAY IN THE LIVES OF OUR CLIENTS AND ULTIMATELY STABILIZES OUR COMMUNITY. ERS OPERATES A FOOD PANTRY AND PROVIDES BASIC FOOD PRODUCTS ON A MONTHLY BASIS. ERS ALSO OPERATES A CLOTHING CLOSET WHERE CLIENTS ARE ENCOURAGED TO SELECT CLOTHING AND HOUSEHOLD ITEMS IN AN EFFORT TO HELP RELIEVE MONEY OTHERWISE SPENT ON CLOTHING AND/OR HOUSEHOLD ITEMS. FINALLY ERS OFFERS FINANCIAL ASSISTANCE TO COVER NEEDED RENTAL OR UTILITY NEEDS, OR PRESCRIPTION DRUGS; AND A SELF-SUFFICIENCY PLAN CREATED BY BOTH THE CLIENT AND KOINONIA STAFF IN WHICH GOALS ARE IDENTIFIED AND A TIMELINE IS ARRANGED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jean Terrill Secretary | OfficerTrustee | 2 | $0 |
Lara Walt Chair | OfficerTrustee | 13 | $0 |
Jan Vacca-Leboeuf Treasurer | OfficerTrustee | 2 | $0 |
Tim Grant Director | Trustee | 5 | $0 |
Kathleen Ambroso Director | Trustee | 4 | $0 |
Anne Hedley Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $469,073 |
| All other contributions, gifts, grants, and similar amounts not included above | $786,418 |
| Noncash contributions included in lines 1a–1f | $519,727 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,255,491 |
| Total Program Service Revenue | $0 |
| Investment income | $2,369 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $382 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,258,242 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $718,774 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $138,060 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,533 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,667 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $7,710 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $34,167 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $946,470 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $784,047 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,779 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $189,525 |
| Prepaid expenses and deferred charges | $470 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $20,838 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,361 |
| Total assets | $1,013,020 |
| Accounts payable and accrued expenses | $0 |
| 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 | $12,567 |
| Total liabilities | $12,567 |
| Net assets without donor restrictions | $653,881 |
| Net assets with donor restrictions | $346,572 |
| 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 | $1,013,020 |