Kbl Mission Foundation
- Assets
- $4.0m
- Revenue
- $1.2m
- Investments
- $3.7m
- Employees
- 0
- Location
- Nacogdoches, TX
- Founding
- 11/2018
- Data as of
- 12/2022
- EIN
- 82-5229433
Organization Overview
Kbl Mission Foundation is located in Nacogdoches, TX. The organization was established in 2018. According to its NTEE Classification (X20) the organization is classified as: Christianity, 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. Kbl Mission Foundation 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, Kbl Mission Foundation generated $1.2m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $257.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Kbl Mission Foundation has awarded 28 individual grants totaling $452,536. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kyle P Mcmorries President | 0 | $0 | |
Ryan G Mcmorries Vice Preside | 0 | $0 | |
Anne E Gallegos Secretary | 0 | $0 | |
Kim E Mcmorries Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,105,315 |
| Interest on Savings | $1,170 |
| Dividends & Interest | $85,933 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,160 |
| Capital Gain Net Income | $6,487 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,201,578 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,405 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15 |
| Total operating and administrative expenses | $14,911 |
| Contributions, gifts, grants paid | $242,516 |
| Total expenses and disbursements | $257,427 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $252,861 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,495,466 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $18,374 |
| Total assets | $3,997,432 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Kbl Mission Foundation has awarded $242,516 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
GRACE BIBLE CHURCH PURPOSE: OPERATIONS & MISSIONS | $39,000 |
HEARTBEAT PREGNANCY CENTER PURPOSE: BANQUET | $4,000 |
LEBF INC PURPOSE: OPERATING EXPENSES | $12,000 |
NORTH ST CHURCH OF CHRIST PURPOSE: MISSIONS | $73,700 |
REGENTS ACADEMY PURPOSE: OPERATIONS & MISSIONS | $50,000 |
STEPHEN F AUSTIN STATE UNIVERSITY PURPOSE: SCHOLARSHIP | $10,000 |