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Nonprofiteer
← KINGSWAY CHARITIES INC

Form 990 for tax year 2022

Filed by KINGSWAY CHARITIES INC.

Totals

Total revenue
$17,495,514
Total expenses
$35,824,611
Contributions and grants received
$17,414,458
Grants paid
$34,660,322
Program service revenue
$9,400
Investment income
-$62,613
Other revenue
$134,269
Total assets, end of year
$4,340,707
Total liabilities, end of year
$1,831
Net assets or fund balances, end of year
$4,338,876
Program services expenses (Part IX)
$35,331,482
Management and general expenses
$493,129
Fundraising expenses
$0
Program service expenses (Part III)
$35,331,482

Program services were 98.6% 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

    $17,414,458

  • 1g · Noncash contributions included above

    $17,099,200

  • 2a · Program service revenue: Ministry servicesRent

    total $9,400 · related or exempt $9,400

  • 3 · Investment income

    total $149,979 · excluded $149,979

  • 7a · Gross sales of assets other than inventory

    securities $4,000 · other assets $353,168

  • 7b · Less cost or other basis and sales expenses

    securities $569,760

  • 7c · Gain or loss

    securities -$565,760 · other assets $353,168

  • 7d · Net gain or loss

    total -$212,592 · related or exempt $4,000 · excluded -$216,592

  • 10a · Gross sales of inventory

    $249,735

  • 10b · Cost of goods sold

    $115,466

  • 10c · Net income from sales of inventory

    total $134,269 · related or exempt $134,269

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $34,660,322 · program services $34,660,322

  • 5 · Compensation of officers, directors and key employees

    total $190,400 · program services $108,528 · management and general $81,872

  • 7 · Other salaries and wages

    total $389,333 · program services $198,730 · management and general $190,603

  • 8 · Pension plan contributions

    total $11,387 · program services $6,035 · management and general $5,352

  • 9 · Other employee benefits

    total $143,227 · program services $75,910 · management and general $67,317

  • 10 · Payroll taxes

    total $44,568 · program services $23,621 · management and general $20,947

  • 11c · Fees: accounting

    total $19,454 · management and general $19,454

  • 11g · Fees: other

    total $7,577 · management and general $7,577

  • 13 · Office expenses

    total $18,165 · program services $9,082 · management and general $9,083

  • 16 · Occupancy

    total $82,872 · program services $82,872

  • 22 · Depreciation, depletion and amortization

    total $51,843 · program services $25,921 · management and general $25,922

  • 23 · Insurance

    total $29,429 · management and general $29,429

  • 24a · Other expenses: Shipping

    total $104,109 · program services $104,109

  • 24b · Other expenses: Other

    total $43,453 · program services $17,660 · management and general $25,793

  • 24c · Other expenses: Computer

    total $19,560 · program services $9,780 · management and general $9,780

  • 24d · Other expenses: Maintenance

    total $8,912 · program services $8,912

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $9,911 · end of year $128,254

  • 2 · Savings and temporary cash investments

    beginning of year $303,366

  • 8 · Inventories for sale or use

    beginning of year $19,578,149 · end of year $2,019,535

  • 10a · Land, buildings and equipment: cost or other basis

    $4,147,624

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,929,214

  • 10c · Land, buildings and equipment, net

    beginning of year $1,233,959 · end of year $1,218,410

  • 11 · Investments: publicly traded securities

    beginning of year $1,614,116 · end of year $974,508

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,681 · end of year $1,831

  • 27 · Net assets without donor restrictions

    beginning of year $22,737,820 · end of year $4,338,876

Mission and programs · 2022

Mission

The primary purpose of the organization is to supply medications and medical supplies to medical mission teams traveling worldwide.

  • The program provided medications and medical supplies for shipment to U.S. based medical mission teams traveling to third world countries.

    Expenses $35,331,482 · Revenue $17,376,666

As filed on the 2022 return.

Listed in Part VII

  • Mary Ann Blessing

    President

    Total calculated
    $126,500
    From this org
    $126,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • MaryBeth Blessing

    Dir

    Total calculated
    $63,900
    From this org
    $63,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Susan Gregory Sorrell

    Dir

    Total calculated
    $0
    Hours/week
    1

  • Jordan Gregory

    Dir

    Total calculated
    $0
    Hours/week
    1

  • Kay Barker

    Dir

    Total calculated
    $0
    Hours/week
    1

  • Benjamin Blessing

    Dir

    Total calculated
    $0
    Hours/week
    1

  • Jefferson Gregory

    Dir

    Total calculated
    $0
    Hours/week
    1

  • Joseph Gregory

    Dir

    Total calculated
    $0
    Hours/week
    1

  • Herschel Blessing

    Dir

    Total calculated
    $0
    Hours/week
    1

  • Joan Gregory

    Dir

    Total calculated
    $0
    Hours/week
    1

  • John Gregory

    Chairman Emeritus

    Total calculated
    $0
    Hours/week
    4

  • Greg Tebeau

    Treasurer

    Total calculated
    $0
    Hours/week
    4

  • James Gregory

    Chairman

    Total calculated
    $0
    Hours/week
    4

  • Gregory Jones

    Secretary

    Total calculated
    $0
    Hours/week
    4

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.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2022
Filed
12 February 2023
IRS schema version
2022v5.0
Source object
202331319349300518

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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