Totals
- Total revenue
- $3,494,444
- Total expenses
- $2,585,638
- Contributions and grants received
- $2,163,258
- Grants paid
- $9,000
- Program service revenue
- $1,330,558
- Investment income
- $628
- Other revenue
- $0
- Total assets, end of year
- $5,085,799
- Total liabilities, end of year
- $3,315,876
- Net assets or fund balances, end of year
- $1,769,923
- Program services expenses (Part IX)
- $2,144,512
- Management and general expenses
- $378,581
- Fundraising expenses
- $62,545
- Program service expenses (Part III)
- $2,144,512
Program services were 82.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$2,163,258
-
1g · Noncash contributions included above
$776,230
-
2a · Program service revenue: TUITION REVENUE
total $723,396 · related or exempt $723,396
-
2b · Program service revenue: MISSION TRIP INCOME
total $341,839 · related or exempt $341,839
-
2c · Program service revenue: LEADERSHIP TRAINING
total $172,863 · related or exempt $172,863
-
2d · Program service revenue: STUDENT HOUSING
total $70,455 · related or exempt $70,455
-
2e · Program service revenue: OTHER PROGRAM REVENUE
total $15,005 · related or exempt $15,005
-
2f · All other program service revenue
total $7,000 · related or exempt $7,000
-
3 · Investment income
total $728 · excluded $728
-
7b · Less cost or other basis and sales expenses
securities $100
-
7c · Gain or loss
securities -$100
-
7d · Net gain or loss
total -$100 · excluded -$100
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $9,000 · program services $9,000
-
5 · Compensation of officers, directors and key employees
total $452,400 · program services $162,648 · management and general $235,897 · fundraising $53,855
-
7 · Other salaries and wages
total $467,890 · program services $467,890
-
8 · Pension plan contributions
total $109,713 · program services $109,713
-
9 · Other employee benefits
total $117,589 · program services $117,589
-
10 · Payroll taxes
total $38,951 · program services $28,039 · management and general $8,776 · fundraising $2,136
-
11b · Fees: legal
total $1,816 · management and general $1,816
-
11c · Fees: accounting
total $27,793 · management and general $27,793
-
11g · Fees: other
total $60,983 · program services $55,853 · management and general $2,565 · fundraising $2,565
-
13 · Office expenses
total $39,066 · management and general $35,077 · fundraising $3,989
-
14 · Information technology
total $2,535 · program services $2,535
-
16 · Occupancy
total $502,157 · program services $502,157
-
17 · Travel
total $331,909 · program services $331,909
-
20 · Interest
total $76,526 · program services $76,526
-
22 · Depreciation, depletion and amortization
total $146,382 · program services $146,382
-
23 · Insurance
total $71,385 · program services $4,728 · management and general $66,657
-
24a · Other expenses: MISCELLANEOUS
total $52,561 · program services $52,561
-
24b · Other expenses: SPECIALTY TEACHERS
total $50,136 · program services $50,136
-
24c · Other expenses: SUPPLIES
total $24,823 · program services $24,823
-
24d · Other expenses: RECRUITING
total $2,023 · program services $2,023
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $484,746 · end of year $170,157
-
2 · Savings and temporary cash investments
beginning of year $27,723 · end of year $324
-
4 · Accounts receivable
beginning of year $960,808 · end of year $1,041,608
-
9 · Prepaid expenses and deferred charges
end of year $6,922
-
10a · Land, buildings and equipment: cost or other basis
$4,053,281
-
10b · Land, buildings and equipment: accumulated depreciation
$192,493
-
10c · Land, buildings and equipment, net
beginning of year $32,569 · end of year $3,860,788
-
15 · Other assets
beginning of year $10,000 · end of year $6,000
-
17 · Accounts payable and accrued expenses
beginning of year $47,807 · end of year $42,475
-
19 · Deferred revenue
beginning of year $612,242 · end of year $822,746
-
23 · Secured mortgages and notes payable
end of year $2,450,655
-
27 · Net assets without donor restrictions
beginning of year $855,797 · end of year $1,769,923
Mission and programs · 2022
Mission
THE KANAKUK INSTITUTE IS AN EDUCATIONAL INSTITUTION DESIGNED TO EQUIP MEN AND WOMEN OF ALL RACES AND NATIONALITIES WITH CHRISTIAN MINISTRY SKILLS.
Activities or mission (Part I)
PROVIDE INSTRUCTION TO STUDENTS SEEKING AN EDUCATION IN CHRISTIAN MINISTRY.
-
ORGANIZATION HELD STUDENT MINISTRY CLASSES FOR 58 STUDENTS IN THE GRADUATING SPRING CLASS OF 2023.
Expenses $2,094,376 · Grants $9,000 · Revenue $1,323,558
-
ORGANIZATION PROVIDED COUNSELING, SPEAKING AND ORGANIZATION SERVICES IN THE FIELD OF CHRISTIAN MINISTRY.
Expenses $50,136
As filed on the 2022 return.
Listed in Part VII
-
Keith ChanceyKEITH CHANCEY
PRESIDENT
- Total calculated
- $277,272
- From this org
- $161,959
- From related orgs
- $0
- Other
- $115,313
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $123,788
- Bonus
- $38,171
- Other
- not reported
- Deferred
- $28,865
- Nontaxable benefits
- $86,448
- Filer's total
- $277,272
-
Chad HampschCHAD HAMPSCH
VICE PRES/TR
- Total calculated
- $198,165
- From this org
- $111,881
- From related orgs
- $0
- Other
- $86,284
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $70,482
- Bonus
- $41,399
- Other
- not reported
- Deferred
- $16,620
- Nontaxable benefits
- $69,664
- Filer's total
- $198,165
-
Dr Lynn StuckyDR LYNN STUCKY
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
Richard SmithRICHARD SMITH
VICE CHAIRMA
- Total calculated
- $0
- Hours/week
- 2
-
Doug GoodwinDOUG GOODWIN
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Ron BaldwinRON BALDWIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Rick AllenRICK ALLEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Wayne SolleyWAYNE SOLLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Form 990 of other organizations
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202441369349315194
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.