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Koinonia House Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 237292636 ✦ Post falls, ID ✦ Designated as a 501(c)(3)

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Overview

What is Koinonia House Inc?

Koinonia House Inc is a nonprofit organization situated in Post Falls, Idaho. With a membership spanning across 75 countries and territories, their primary focus is on providing instructional programs for serious Bible study among thinking Christians. They encourage weekly Bible study programs for personal growth through individual and small group sessions. Additionally, they conduct research, monitor, and publish information to promote awareness of strategic trends impacting the times and personal ministries. As of December 31, Koinonia House Inc boasts an active membership of 27,892, with a total enrollment of 2,757 members who have earned their Bronze Medallions, 166 with Silver Medallions, and 44 with Gold Medallions. Their mission is to stimulate, encourage, and facilitate serious study of the Bible as the inerrant Word of God, through creating, developing, and distributing relevant materials.


Official website here: www.khouse.org

What are the reviews and ratings of this charity?

Rating from Charity Navigator: 81% (Three-Star out of Four Star rating)

Koinonia House Inc has received a positive evaluation, reflected in its 81% score, which signifies a solid commitment to accountability and financial management. The organization excels particularly in maintaining an independent board, with 100% of its board members being independent, and it has no material diversion of assets, indicating strong ethical governance. Its high program expense ratio of 81.29% suggests that a significant portion of its resources is allocated directly to its programs.

The nonprofit demonstrates comprehensive governance policies, including a conflict of interest policy and a whistleblower policy, both of which are essential for transparency and ethical operations. The organization also effectively manages its liabilities, with a low liabilities to assets ratio of 1.42%, which enhances its financial stability.

While Koinonia House Inc shows considerable strengths in financial management and governance, the rating suggests there may be areas for improvement in overall performance metrics that could elevate its standing further. Overall, the charity appears to be well-structured and responsibly managed, providing a reliable option for potential donors.


This AI summary has been generated from information found on Charity Navigator.

What do the Facebook reviews say about Koinonia House Inc?

98% of 431 reviewers on Facebook recommend Koinonia House Inc. Here is a summary of their reviews:

Many patrons express appreciation for the educational offerings provided by the nonprofit, highlighting the quality of teaching as a significant strength. The positive sentiment is underscored by mentions of spiritual blessings and encouragement, indicating that the organization effectively resonates with its audience on a personal level.

Overall, users feel fulfilled by their experiences with Koinonia House Inc., emphasizing that it delivers valuable insights and teachings that align with their expectations. The strong recommendation rate suggests a deep trust and satisfaction among those involved.


This AI summary has been generated from reviews found on Facebook.

Is Koinonia House Inc legitimate?

Koinonia House Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Koinonia House Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $52,911
Professional Fundraising Fees: $0
Other Salaries and Wages: $772,659

For more financial information, click here


Official website here: www.khouse.org

What is the mission statement of Koinonia House Inc?

Koinonia House Inc's mission is centered around promoting serious Bible study. They achieve this by creating, developing, and distributing educational materials, stimulating, encouraging, and facilitating in-depth exploration of the Bible as the inerrant word of God. Their activities extend beyond individual study, encouraging weekly Bible study programs for personal growth. They also conduct research, monitor trends, and publish information to stimulate awareness of strategic trends impacting our times and personal ministries. Their reach extends to 75 countries and territories, with a substantial membership base.


Official website here: www.khouse.org

Who is the CEO of Koinonia House Inc?

Unavailable The CEO's salary of Koinonia House Inc is $0 and their total compensation is $0.


Official website here: www.khouse.org

What is the revenue of Koinonia House Inc?

Koinonia House Inc's revenue in 2022 was $2,655,570.


Official website here: www.khouse.org

Who are the executives of Koinonia House Inc and what are their salaries?

The average compensation at Koinonia House Inc during 2022 was $45,865. There are 18 employees and 50 volunteers at Koinonia House Inc.


Here are 5 key members and their salaries (Koinonia House Inc's CEO's salary is $0 and their total compensation is $0):


Dave Hanson (Operations Mgr)
  • Compensation: $52,911
  • Related: $0
  • Other: $0
Ronald E Matsen (President & Ceo)
  • Compensation: $0
  • Related: $0
  • Other: $0
Duane Matsen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christopher S Corlett (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Murray G Bell (Secretary/Treas)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.khouse.org

Where can I find the form 990 for Koinonia House Inc?

Koinonia House Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.khouse.org

Learn more at the official website: www.khouse.org

Mission Statement of Koinonia House Inc

Koinonia House Inc is dedicated to stimulating, encouraging, and facilitating serious Bible study among thinking Christians. Their mission involves creating, developing, and distributing materials to accomplish this objective, viewing the Bible as the inerrant word of God. The organization provides religious education through Koinonia Institute, an online school, focusing on three key areas: offering instructional programs for in-depth Bible study, encouraging weekly Bible study programs for personal growth, and researching, monitoring, and publishing information to stimulate awareness of strategic trends impacting our times and personal ministries. Koinonia House Inc's membership spans over 75 countries and territories, with 27,892 active members as of December 31. The organization has also recognized the achievements of its members, with 3,193 earning their Bronze Medallions, 166 earning their Silver Medallions, and 44 earning their Gold Medallions.

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Impact




October, 2024

Koinonia House Inc plays a significant role in fostering a deeper understanding and appreciation of the Bible as the inerrant word of God. Through its initiative, Koinonia Institute, the organization provides comprehensive online religious education that caters to thinking Christians around the globe. It focuses on three core areas: delivering instructional programs that facilitate serious biblical study, promoting both individual and group Bible study programs for personal growth, and conducting research to highlight strategic trends that impact contemporary spiritual practices and personal ministries.

With a diverse membership spanning 75 countries and territories, Koinonia House Inc serves as a platform for nearly 28,000 active members. The institute not only supports individuals in their spiritual journeys but also enhances communal learning through structured study programs. Furthermore, the recognition of academic achievements, as seen with members earning Bronze, Silver, and Gold Medallions, reinforces a culture of commitment to biblical scholarship and personal development. Ultimately, Koinonia House Inc significantly impacts its members' lives by encouraging serious engagement with sacred texts and fostering a global community dedicated to spiritual growth and awareness.




This information is meant to be a general summary of Koinonia House Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$2,655,570 (2022)
Expenses
$2,458,755 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $54,480
  • Program Service Revenue: $542,994
  • Gross Receipts: $3,004,625

Assets and Liabilities:

  • Total Assets: $2,969,071
  • Total Liabilities: $42,327
  • Net Assets: $2,926,744

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

KOINONIA INSTITUTE
SUBSCRIPTIONS
TOURS

Revenue

$542,994

Organization Details

Founding Year

1973

Main Address

4055 E 3RD AVENUE, POST FALLS, ID, 83854

NTEE Category

Code: X200 - Religion related

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