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Nonprofiteer
← KINGDOM CAPITAL FUND

Form 990 for tax year 2023

Filed by KINGDOM CAPITAL FUND.

Totals

Total revenue
$1,738,540
Total expenses
$534,956
Contributions and grants received
$1,532,774
Grants paid
$309,500
Program service revenue
$0
Investment income
$81,308
Other revenue
$124,458
Total assets, end of year
$5,218,290
Total liabilities, end of year
$269,055
Net assets or fund balances, end of year
$4,949,235
Program services expenses (Part IX)
$380,598
Management and general expenses
$126,441
Fundraising expenses
$27,917
Program service expenses (Part III)
$380,598

Program services were 71.1% 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.

  • 1c · Fundraising events

    $154,982

  • 1f · All other contributions, gifts and grants

    $1,377,792

  • 1g · Noncash contributions included above

    $568,897

  • 3 · Investment income

    total $65,854 · excluded $65,854

  • 7a · Gross sales of assets other than inventory

    securities $456,411 · other assets $250,000

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

    securities $456,411 · other assets $234,546

  • 7c · Gain or loss

    securities $0 · other assets $15,454

  • 7d · Net gain or loss

    total $15,454 · excluded $15,454

  • 8a · Fundraising events: gross income

    $31,445

  • 8a · Fundraising events: contributions included on line 1c

    $154,982

  • 8b · Fundraising events: direct expenses

    $56,595

  • 8c · Net income from fundraising events

    total -$25,150 · excluded -$25,150

  • 10a · Gross sales of inventory

    $225,000

  • 10b · Cost of goods sold

    $75,392

  • 10c · Net income from sales of inventory

    total $149,608 · unrelated business $149,608

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $92,000 · program services $92,000

  • 3 · Grants to foreign organizations and individuals

    total $217,500 · program services $217,500

  • 5 · Compensation of officers, directors and key employees

    total $36,269 · program services $25,388 · management and general $6,166 · fundraising $4,715

  • 7 · Other salaries and wages

    total $14,802 · program services $10,470 · management and general $2,596 · fundraising $1,736

  • 10 · Payroll taxes

    total $3,907 · program services $2,344 · management and general $977 · fundraising $586

  • 11b · Fees: legal

    total $550 · management and general $550

  • 11c · Fees: accounting

    total $33,535 · management and general $33,535

  • 11f · Fees: investment management

    total $2,861 · management and general $2,861

  • 11g · Fees: other

    total $15,266 · management and general $15,266

  • 12 · Advertising and promotion

    total $43,165 · program services $6,500 · management and general $27,932 · fundraising $8,733

  • 13 · Office expenses

    total $3,384 · management and general $3,384

  • 14 · Information technology

    total $5,686 · management and general $5,686

  • 17 · Travel

    total $422 · management and general $422

  • 19 · Conferences, conventions and meetings

    total $1,361 · management and general $1,361

  • 22 · Depreciation, depletion and amortization

    total $203 · management and general $203

  • 24a · Other expenses: GOD AS CEO

    total $26,396 · program services $26,396

  • 24b · Other expenses: UBI TAXES

    total $17,439 · management and general $17,439

  • 24c · Other expenses: FUNDRAISING EXPENSES

    total $12,147 · fundraising $12,147

  • 24d · Other expenses: PROJECT EXPENSES

    total $7,851 · management and general $7,851

  • 24e · All other expenses

    total $212 · management and general $212

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $802,199 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $378,935 · end of year $1,471,412

  • 8 · Inventories for sale or use

    beginning of year $1,638,881 · end of year $1,351,296

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

    $5,816

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

    $5,816

  • 10c · Land, buildings and equipment, net

    beginning of year $202 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $500,271 · end of year $776,911

  • 12 · Investments: other securities

    beginning of year $945,704 · end of year $1,617,093

  • 14 · Intangible assets

    beginning of year $0 · end of year $1,578

  • 17 · Accounts payable and accrued expenses

    beginning of year $59,999 · end of year $269,055

  • 25 · Other liabilities

    beginning of year $466,592 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $3,739,601 · end of year $4,898,235

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $51,000

Mission and programs · 2023

Mission

PEOPLE DESIRE TO MAKE A REAL DIFFERENCE IN THE WORLD, BUT IT'S HARD TO KNOW HOW. KINGDOM CAPITAL FUND BRINGS PEOPLE TOGETHER TO USE THEIR TIME, TALENT, AND TREASURE FOR A KINGDOM IMPACT. WE DO THIS IN TWO WAYS: 1) MULTIPLY GIFTS THROUGH AN ENTREPRENEURIAL FUND THAT SUPPORTS STRATEGIC AND ACCOUNTABLE MINISTRIES. 2) EQUIP PEOPLE TO HONOR GOD THROUGH THEIR EVERYDAY WORK.TRANSFORMING WORK, GIVING AND LIVES.

Activities or mission (Part I)

TO SUPPORT ORGANIZATIONS THAT SUPPORT, PROMOTE, AND PERFORM CHRISTIAN OBJECTIVES.

  • KINGDOM CAPITAL FUND WAS ABLE TO MAKE STRATEGIC AND IMPACTFUL GRANTS TO CHRIST-CENTERED MINISTRY PARTNERS OF $309,500 IN CALENDAR YEAR 2023.IN 2023, KINGDOM CAPITAL FUND HAD THE OPPORTUNITY AND CHALLENGE TO HELP THOSE IN CRITICAL NEED IN MANY PARTS OF THE WORLD AND IN THE SIOUX FALLS REGION. THE WAR IN UKRAINE LEFT MANY HOMELESS AND ON THE RUN AND MANY REFUGEES IN NEARBY COUNTRIES. KINGDOM CAPITAL FUND LAUNCHED THE CARE CAMPAIGN TO SUPPORT STRATEGIC AND ACCOUNTABLE CHRIST-CENTERED MINISTRY PARTNERS TO PROVIDE IMMEDIATE AND ONGOING SUPPORT.THE CARE CAMPAIGN IS CONTINUING TO MINISTER TO PHYSICAL NEEDS AND SHARE GOD'S LOVE IN UKRAINE DURING ITS ONGOING WAR. FUNDS DONATED TO THE CARE CAMPAIGN ARE PASSED ALONG TO FRONTLINE MINISTRIES: GLOBAL TRUST PARTNERS, PAUL LOGAN MINISTRIES (ARISE! UKRAINE), JOSIAH VENTURE, AND FIRST BAPTIST IN WROCLAW AND CHELM, POLAND. DONATIONS TO JOSIAH VENTURE AND FIRST BAPTIST WERE NOT GIVEN DIRECTLY BY KCF BUT WERE A BYPRODUCT OF DONATIONS MADE TO GLOBAL TRUST PARTNERS AND PAUL LOGAN MINISTRIES AS PART OF THE CARE CAMPAIGN. THEIR TEAMS PROVIDE VITAL MATERIAL AND SPIRITUAL CARE TO THE WOMEN, CHILDREN, ELDERLY, DISABLED, AND SOLDIERS THAT COME INTO THEIR CARE. KINGDOM CAPITAL FUND ALSO SUPPORTED KEY CHRIST-CENTERED MINISTRY PARTNERS WORKING IN HAITI, AFRICA, AND INDIA. OUR CHRIST-CENTERED MINISTRY PARTNER IN SIOUX FALLS, SIOUX FALLS CHRISTIAN SCHOOLS ASSOCIATION (BREAKTHROUGH CHRISTIAN COUNSELING), HELPS SERVE YOUTH AGES 5 THROUGH ADULTHOOD AND THEIR FAMILIES. THEY USE CLINICAL THEOLOGY, A COMBINATION OF BEST PRACTICES IN CLINICAL EXCELLENCE WITH A CHRISTIAN FOUNDATION. THEY FOCUS ON A MIND-BODY-SPIRIT APPROACH TO MERGE THERAPY AND SPIRITUALITY TOGETHER INTO ONE HOLISTIC PLAN FOR CLIENT CARE.

    Expenses $380,598 · Grants $309,500

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • STEVEN JANKORD

    CHAIR

    Total calculated
    $0
    Hours/week
    10

  • HEATH OBERLOH

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • ROB BROIN

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • DEB KONZ

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • WALT BONES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ERIC KERKVLIET

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JEN DEJONG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BLAKE HOFFMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KENT HUISKEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KURT HUISKEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MATT JENSEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAN LEMME

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROSS REITSMA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LYLE SCHAAP

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RICH MERKOURIS

    PRESIDENT - LEFT 1/2023

    Total calculated
    $9,231
    From this org
    $9,231
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • JOSEPH EVENSON

    PRESIDENT - JOINED 10/2023

    Total calculated
    $27,038
    From this org
    $27,038
    From related orgs
    $0
    Other
    $0
    Hours/week
    45

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202423209349305722

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

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