Totals
- Total revenue
- $899,916
- Total expenses
- $828,996
- Contributions and grants received
- $897,053
- Grants paid
- $474,566
- Program service revenue
- $0
- Investment income
- -$11,738
- Other revenue
- $14,601
- Total assets, end of year
- $548,779
- Total liabilities, end of year
- $1,641
- Net assets or fund balances, end of year
- $547,138
- Program services expenses (Part IX)
- $624,972
- Management and general expenses
- $103,195
- Fundraising expenses
- $100,829
- Program service expenses (Part III)
- $624,972
Program services were 75.4% 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
$897,053
-
3 · Investment income
total $1,740 · excluded $1,740
-
7a · Gross sales of assets other than inventory
securities $82,584
-
7b · Less cost or other basis and sales expenses
securities $96,062
-
7c · Gain or loss
securities -$13,478
-
7d · Net gain or loss
total -$13,478 · excluded -$13,478
-
10a · Gross sales of inventory
$135,277
-
10b · Cost of goods sold
$120,676
-
10c · Net income from sales of inventory
total $14,601 · unrelated business $14,601
Functional expenses
Part IX, the statement of functional expenses.
-
3 · Grants to foreign organizations and individuals
total $474,566 · program services $474,566
-
5 · Compensation of officers, directors and key employees
total $147,410 · program services $73,705 · management and general $73,705
-
7 · Other salaries and wages
total $71,762 · program services $45,630 · management and general $3,384 · fundraising $22,748
-
9 · Other employee benefits
total $12,600 · program services $6,860 · management and general $4,432 · fundraising $1,308
-
10 · Payroll taxes
total $16,249 · program services $8,847 · management and general $5,715 · fundraising $1,687
-
11c · Fees: accounting
total $8,876 · program services $4,438 · management and general $4,438
-
11f · Fees: investment management
total $597 · management and general $597
-
11g · Fees: other
total $2,482 · program services $1,241 · management and general $1,241
-
12 · Advertising and promotion
total $75,086 · fundraising $75,086
-
13 · Office expenses
total $11,375 · program services $5,688 · management and general $5,687
-
14 · Information technology
total $7,993 · program services $3,997 · management and general $3,996
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $248,302 · end of year $140,225
-
2 · Savings and temporary cash investments
end of year $150,002
-
8 · Inventories for sale or use
beginning of year $96,000 · end of year $114,707
-
11 · Investments: publicly traded securities
beginning of year $100,472 · end of year $82,807
-
12 · Investments: other securities
end of year $450
-
15 · Other assets
beginning of year $0 · end of year $60,588
-
17 · Accounts payable and accrued expenses
beginning of year $5,437 · end of year $1,641
-
27 · Net assets without donor restrictions
beginning of year $439,337 · end of year $547,138
Mission and programs · 2022
Mission
Kula Project is eradicating poverty through the development of entrepreneurs in Rwanda's coffee communities. Through our 15 month business fellowship providing industry training, life and leadership skills, and business investment, (continue on schedule O) fellows are equipped with the skills and resources to increase their income and create new futures for their families.
Activities or mission (Part I)
Kula Project is eradicating poverty through developing entrepreneurs in (continue on schedule O) Rwanda's coffee communities.
-
KULA Fellowship: A holistic 15 month program designed to eradicate poverty through the development of entrepreneurs. Provides industry training, life and leadership skills, and business investment to coffee and artisan fellows in coffee communities in rural Rwanda. FELLOWSHIP COMPONENTS: Industry training, farmer field school, tailoring, weaving.DEVELOPMENTAL TRAINING: Financial literacy, family health and nutrition, business self-esteem and gender equality, all paired with one-on-one mentorship.
Expenses $624,972 · Grants $474,566
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Sarah Buchanan-Sasson
Executive Director (until 3/2022)
- Total calculated
- $84,200
- From this org
- $80,000
- From related orgs
- $0
- Other
- $4,200
- Hours/week
- 40
-
Ryan Pernice
Board Chair
- Total calculated
- $0
- Hours/week
- 1
-
Wade Preston
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Tara Clapper
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Nic Lauten
Executive Director (since 3/2022)
- Total calculated
- $84,455
- From this org
- $67,410
- From related orgs
- $0
- Other
- $17,045
- Hours/week
- 40
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
No itemized grants to organizations 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.
-
Kula Project Inc
To develop entrepreneurs in Rwanda through a 15-month training course. · RW
Directly controlled by Kula Project Inc
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.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
KPI Investments LTD
C · Coffee processing and export · RW · 100% owned
Directly controlled by KPI Project Inc
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202333199349320733
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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