Kingdom Capital Network
- Assets
- $73.7k
- Revenue
- $75.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Austin, TX
- Founding
- Data as of
- 12/2022
- EIN
- 92-0376420
Organization Overview
Kingdom Capital Network is located in Austin, TX. According to its NTEE Classification (S31) the organization is classified as: Urban & Community 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. Kingdom Capital Network is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CREATING A GENERATIVE ECOSYSTEM OF KINGDOM-MINDED BUSINESSES, EMPOWERED BY THE CHURCH, TO SERVE THE CITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE PROVIDE FINANCIAL CAPITAL, COACHING, AND CONTENT TO UNDERSERVED CHRISTIAN ENTREPRENEURS. WE BEGAN ISSUING LOANS AT LOW-INTEREST RATES AND COMBINING THEM WITH COACHING VIA 1-ON-1 MENTORSHIP AND ONGOING CURRICULUM TO HELP BUSINESS OWNERS PERSEVERE THROUGH TOUGH TIMES AND GROW IN THEIR FAITH AND BUSINESSES. WHAT STARTED AS AN INITIAL CLASS OF 6 BUSINESSES IS NOW A PROGRAM FOCUSED ON ESTABLISHING A PROGRAM TO OFFER CAPITAL, MEANINGFUL COMMUNITY, AND CONTENT TO TANGIBLY HELP SMALL BUSINESSES WHO HAVE HISTORICALLY LACKED ACCESS TO CAPITAL AND TO HELP BUSINESS OWNERS INTEGRATE THEIR WORK AND FAITH WITH THE CONVICTION THAT GOOD BUSINESS IS GREAT FOR THE COMMUNITIES THEY ALREADY OPERATE IN.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Revdr Daryl Horton Director | Trustee | 2 | $0 |
Dr Caroline Barta Director | Trustee | 2 | $0 |
Steve Teng Executive Director | OfficerTrustee | 40 | $0 |
Eric Stumberg Director | Trustee | 2 | $0 |
Denise Pierce President | OfficerTrustee | 2 | $0 |
Jessica Sperling Director | Trustee | 2 | $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 | $75,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $75,000 |
| 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 | $75,000 |
| 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 | $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 | $0 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $220 |
| Office expenses | $25 |
| 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 | $1,087 |
| Total functional expenses | $1,332 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $73,668 |
| 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 | $73,668 |
| 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 | $73,668 |
| Total liabilities and net assets/fund balances | $73,668 |