Koinonia Ventures Inc
- Assets
- $299.6k
- Revenue
- $181.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Woodbury, NY
- Founding
- 03/2018
- Data as of
- 12/2022
- EIN
- 82-1443905
Organization Overview
Koinonia Ventures Inc is located in Woodbury, NY. The organization was established in 2018. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Koinonia Ventures 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 12/2022, Koinonia Ventures Inc generated $181.6k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $88.1k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSES OF THE CORPORATION ARE AS FOLLOWS: TO ESTABLISH AND OPERATE A CHARITABLE CORPORATION DEDICATED TO ENCOURAGING AND SUPPORTING YOUNG INDIVIDUALS TO BECOME ENTREPRENEURS BY: (I) CONNECTING AND INTRODUCING SUCH INDIVIDUALS TO BUSINESS OWNERS THROUGHOUT THE UNITED STATES OF AMERICA, PROVIDING THEM WITH THE SKILLS NECESSARY TO START A SMALL BUSINESS. (II) PROVIDING FUNDS NECESSARY TO BEGIN A SMALL BUSINESS. (III) EXPOSING INDIVIDUALS TO NEW TECHNOLOGY THAT WILL HELP THEM EFFICIENTLY RUN A SMALL BUSINESS. (IV) MENTORING INDIVIDUALS TO HELP THEM ACHIEVE THEIR GOALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN THE FISCAL YEAR 2022, KOINONIA VENTURES INC. ACHIEVED SIGNIFICANT MILESTONES IN PURSUIT OF ITS MISSION. NOTABLY, THE ORGANIZATION SUCCESSFULLY INITIATED 59 NEW PROJECTS, REFLECTING ITS ONGOING COMMITMENT TO THE MISSION. THESE PROJECTS WERE MADE POSSIBLE THROUGH THE DISBURSAL IN PROJECT LOANS, UNDERSCORING KOINONIA VENTURES INC. VITAL ROLE IN PROVIDING FINANCIAL SUPPORT FOR COMMUNITY-DRIVEN INITIATIVES. FURTHERMORE, THE IMPLEMENTATION OF A BRAND NEW BUSINESS CURRICULUM IN TWO LOCATIONS EXEMPLIFIES THE ORGANIZATION'S DEDICATION TO EMPOWERING INDIVIDUALS WITH ESSENTIAL SKILLS FOR ENTREPRENEURSHIP AND ECONOMIC INDEPENDENCE. A TESTAMENT TO THE EFFECTIVENESS OF KOINONIA VENTURES INC.'S INITIATIVES IS THE SUCCESSFUL REPAYMENT OF LOANS BY 17 BUSINESS PARTNERS IN FULL. THIS ACHIEVEMENT NOT ONLY HIGHLIGHTS THE FINANCIAL SUCCESS OF THESE ENTREPRENEURS BUT ALSO EMPHASIZES THE SUSTAINABILITY AND IMPACT OF ORGANIZATION'S SUPPORT. THESE ACCOMPLISHMENTS COLLECTIVELY DEMONSTRATE THE ORGANIZATION'S UNWAVERING COMMITMENT TO FOSTERING ECONOMIC DEVELOPMENT AND MAKING A POSITIVE DIFFERENCE IN THE COMMUNITIES IT SERVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Guirguis Tadros Secretary | 0 | $0 | |
Youssef Badawy Treasurer | 0 | $0 | |
Bishop David Anba President | 0 | $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 | $181,551 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $181,551 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $181,551 |
| 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 | $60,000 |
| 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 | $26,200 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $75 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $463 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $88,135 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $299,576 |
| Savings and temporary cash investments | $0 |
| 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 | $299,576 |
| 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 | $0 |
| Total liabilities | $0 |
| 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 | $299,576 |
| Total liabilities and net assets/fund balances | $299,576 |