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Nonprofiteer
← KINGDOMWORKS SDG FOUNDATION

Form 990 for tax year 2022

Filed by KINGDOMWORKS SDG FOUNDATION.

Totals

Total revenue
$595,517
Total expenses
$628,052
Contributions and grants received
$256,762
Grants paid
$538,175
Program service revenue
$0
Investment income
$361,805
Other revenue
-$23,050
Total assets, end of year
$6,100,986
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$6,100,986
Program services expenses (Part IX)
$556,429
Management and general expenses
$71,623
Fundraising expenses
$0
Program service expenses (Part III)
$556,429

Program services were 88.6% 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

    $256,762

  • 1g · Noncash contributions included above

    $156,762

  • 3 · Investment income

    total $37,651 · excluded $37,651

  • 6a · Gross rents

    real property -$26,034

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property -$26,034

  • 6d · Net rental income or loss

    total -$26,034 · excluded -$26,034

  • 7a · Gross sales of assets other than inventory

    securities $670,557 · other assets $217,377

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

    securities $563,780 · other assets $0

  • 7c · Gain or loss

    securities $106,777 · other assets $217,377

  • 7d · Net gain or loss

    total $324,154 · excluded $324,154

  • 11a · Other revenue: PASSTHROUGH INCOME

    total $2,984 · excluded $2,984

  • 11e · Other revenue, total

    $2,984

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $538,175 · program services $538,175

  • 11a · Fees: management

    total $9,228 · management and general $9,228

  • 11c · Fees: accounting

    total $11,246 · management and general $11,246

  • 13 · Office expenses

    total $3,202 · management and general $3,202

  • 17 · Travel

    total $14,090 · program services $14,090

  • 19 · Conferences, conventions and meetings

    total $4,164 · program services $4,164

  • 20 · Interest

    total $186 · management and general $186

  • 23 · Insurance

    total $1,217 · management and general $1,217

  • 24a · Other expenses: PORTFOLIO DEDUCTIONS -

    total $45,222 · management and general $45,222

  • 24b · Other expenses: FOREIGN TAX

    total $1,052 · management and general $1,052

  • 24c · Other expenses: OTHER DEDUCTIONS - PASS

    total $170 · management and general $170

  • 24d · Other expenses: TAX AND LICENSES

    total $100 · management and general $100

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $183,829 · end of year $316,560

  • 11 · Investments: publicly traded securities

    beginning of year $3,158,770 · end of year $2,241,515

  • 15 · Other assets

    beginning of year $4,253,786 · end of year $3,542,911

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $7,596,385 · end of year $6,100,986

Mission and programs · 2022

Mission

SEE SCHEDULE O

Activities or mission (Part I)

THIS TRUST IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR CHARITABLE,RELIGIOUS, AND EDUCATIONAL PURPOSES WHICH MEET THE REQUIREMENTS FOR EXEMPTION AND WHICH CONSTITUTE PUBLIC CHARITABLE PURPOSES UNDER STATE LAW BY CONDUCTING AND SUPPORTING ACTIVITIES FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS, AND/OR TO CARRY OUT THE PURPOSES (COLLECTIVELY THE "QUALIFIED PURPOSES") OF THE CLASS OF ORGANIZATIONS ("QUALIFIED ORGANIZATIONS")ORGANIZED UNDER SECTIONS 501(C)(3), 509(A)(1), AND 509(A)(2) OF THE INTERNAL REVENUE CODE OF 1986. THIS TRUST SHALL BE SUPERVISED OR CONTROLLED IN CONNECTION WITH ONE OR MORE QUALIFIED ORGANIZATIONS WITHIN THE SUPPORTED CLASS. ORGNIZATIONS WHICH SUPPORT, PROMOTE AND/OR PERFORM EDUCATIONAL AND/OR CHRISTIAN OBJECTIVES, INCLUDING BUT NOT LIMITED TO CHRISTIAN EVANGELISM, ACTS OF SERVICE, EDIFICATION AND STEWARDSHIP (ALL OF SUCH ORGANIZATIONS COLLECTIVELY BEING THE "SUPPORTED CLASS").

  • THE TRUST PROVIDES FINANCIAL SUPPORT FOR THE PEOPLE AND PROGRAMS OF ITS LARGEST SUPPORTED 501(C)(3) ORGANIZATION THAT SERVE AMERICA'S URBAN POOR, WORLD IMPACT, INC., WHICH RECEIVED $350,000. ORGANIZATIONS SIMILAR IN MISSION TO WORLD IMPACT RECEIVED GRANTS AS FOLLOWS: CITY TO CITY LOS ANGELES RECEIVED $35,000, TESTIMONY MINISTRIES RECEIVED $10,000.

    Expenses $395,000 · Grants $395,000

  • IN RESPONSE TO THE COVID-19 PANDEMIC, GIFTS WERE MADE FOR FOOD DISTRIBUTION FOR A THIRD YEAR TO SEVERAL URBAN CHURCHES, TOTALING $10,975.

    Expenses $10,975 · Grants $10,975

  • THE TRUST PROVIDES FINANCIAL SUPPORT FOR 501(C)(3) ORGANIZATIONS THAT PROVIDE HOMES FOR THE POOR IN MEXICO AND LATIN AMERICA. THE TRUST FUNDED YWAM $10,500, SPECTRUM MINISTRIES $12,500, AND MORAGA VALLEY PRESBYTERIAN $7,000.THE TRUST PROVIDES FINANCIAL SUPPORT FOR ORGANIZATIONS THAT PROVIDE LEADERSHIP DEVELOPMENT, COMPASSION MINISTRY AND/OR CHRISTIAN EVANGELISM. $10,000 FUNDED GRACE CHURCH LONG BEACH. LONG BEACH CHURCH COLLECTIVE RECEIVED $10,000, COVENANT HOUSE RECEIVED $5000, PATHWAYS $5000, AND DSF WORKS $1000. WYCLIFFE BIBLE TRANSLATORS RECEIVED $3,000 FOR ITS BIBLE TRANSLATION WORK. ENCOMPASS (BEARDS) IN VIETNAM RECEIVED $1000 AND THE GATHERING $2000. $1,000 SUPPORTED THE GOVERN FOR IMPACT ASSOCIATION. CHILDREN TODAY RECEIVED $500. LIGONIER MINISTRIES RECEIVED $300.CHURCHES HELPING CHURCHES/NATIONAL CHRISTIAN FOUNDATION RECEIVED $50,000 TO PROVIDE A MATCHING GRANT FOR FUNDS RAISED BY THE LB CHURCH COLLECTIVE TO CREATE A MULTI-YEAR PROJECT PROVIDING MENTAL HEALTH SUPPORT FOR PASTORS IN THE LONG BEACH/LOS ANGELES COMMUNITIES.THE TRUST ALSO PROVIDED GRANTS TO ORGANIZATIONS THAT PROVIDE CHRISTIAN AND VALUES BASED EDUCATION. WESTMONT COLLEGE RECEIVED $5,000 AND BIOLA UNIVERSITY $5,000 TO FUND UNDER-REPRESENTED STUDENTS, AS ADMINISTERED THROUGH THEIR OWN SCHOLARSHIP PROGRAMS. LOYOLA HIGH SCHOOL RECEIVED $3,400.THE TRUST'S MANAGING TRUSTEES ARE ALSO OFFICERS AND/OR DIRECTORS OF CHARITABLE ORGANIZATIONS THAT ARE SUPPORTED BY THE TRUST. ALVIN SANDERS IS PRESIDENT OF WORLD IMPACT INC., LARRY ACOSTA IS PAST PRESIDENT OF HISPANIC MINISTRY CENTER INC. DBA URBAN YOUTH WORKERS INSTITUTE, AND DIRECTOR OF CITY TO CITY LOS ANGELES. KEN ANDERSON IS A LAY LEADER AT THE CHURCH AT ROCKY PEAK. OTHER TRUSTEES SERVE ON THE BOARDS OF OUR SUPPORTED ORGANIZATIONS. CARL LABARBERA IS CHAIRMAN OF WORLD IMPACT.

    Expenses $132,200 · Grants $132,200

  • TRAVEL

    Expenses $14,090

  • CONFERENCES, CONVENTIONS, AND MTGS

    Expenses $4,164

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Carl V Labarbera

    PRESIDENT, OTHER TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Kenneth J Anderson

    CHAIRMAN, TREASURER, AND MANAGING TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Robin L Labarbera

    SECRETARY, OTHER TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Larry Acosta

    MANAGING TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Alvin Sanders

    MANAGING TRUSTEE

    Total calculated
    $0
    Hours/week
    0

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

Provenance

Return type
form_990
Tax year
2022
Filed
10 November 2023
IRS schema version
2022v5.0
Source object
202323159349300247

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