Kingdom Prayer Initiatives Inc
- Assets
- $118.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Montgomery, OH
- Founding
- 06/2018
- Data as of
- 12/2021
- EIN
- 82-3075184
Organization Overview
Kingdom Prayer Initiatives Inc is located in Montgomery, OH. The organization was established in 2018. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kingdom Prayer Initiatives 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, Kingdom Prayer Initiatives Inc generated $108.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $78.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
OUR LARGER EVENTS HAVE RESUMED, BUT THE NUMBERS HAVE NOT YET RETURNED TO PRE-COVID LEVELS. WE'VE ORGANIZED 2 CONFERENCES WITH A TOTAL PARTICIPATION OF 110. WE'VE TRAINED 21 STUDENTS THROUGH OUR SCHOOL OF KINGDOM MINISTRY, EQUIPPED 35 PEOPLE IN ADMINISTERING PRAYER TO OTHERS IN APPROPRIATE SETTINGS. PROVIDED CONSULT WITH 6 SMALL BUSINESSES AND NON-PROFITS TO ENHANCE THEIR WORKING EXPERIENCE. WE'VE HELD AT LEAST 60 INDIVIDUAL MENTORING SESSIONS AND 15 DIFFERENT TRAINING/EQUIPPING EVENTS FOR GROUPS IN 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Russell Geverdt Trustee | 40 | $60,000 | |
Jen Geverdt Treasurer | 1 | $0 | |
Steve Eklund Trustee | 0.25 | $0 | |
Pam Amlung Secretary | 0.25 | $0 | |
Brian Hubers Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $108,336 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $96 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $108,432 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $60,230 |
| Professional fees and other payments to independent contractors | $242 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $1,980 |
| Other expenses | $16,438 |
| Total expenses | $78,890 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $118,337 |
| Other assets | $0 |
| Total assets | $118,337 |
| Total liabilities | $3,963 |
| Net assets or fund balances | $114,374 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Kingdom Prayer Initiatives Inc has recieved totaling $24,000.
| Awarding Organization | Amount |
|---|---|
Servant Foundation Overland Park, KS PURPOSE: RELIGIOUS MINISTRY | $24,000 |
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