Overview
What is Kingdom Katalyst?
Kingdom Katalyst Dba K2 Hawaii is a nonprofit organization dedicated to assisting and supporting Christian organizations. Based in Honolulu, Hawaii, they offer affordable, professional-quality business and advancement services to churches, ministries, and other Christian-based organizations. Their mission is to foster leadership development within the religious community and launch new projects to strengthen the Christian faith. During the 2022 fiscal year, they provided accounting and business management services to ten churches in Hawaii, as well as to several national and regional offices and camps. Approximately 184 hours of the chairman's time was spent meeting with church representatives and other leaders to develop the program. The organization's services are maintained at or below the cost to provide, with any remaining expenses covered by donations. Overall, Kingdom Katalyst Dba K2 Hawaii is committed to promoting and supporting Christian organizations in Hawaii and beyond.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Star rating (Needs Improvement) with a score of 64%. The organization has demonstrated strong governance practices, as indicated by 100% independent board members and an excellent program expense ratio of 81.11%. Additionally, they have solid policies in place for conflict of interest and whistleblower protections, which enhances their accountability.
However, the nonprofit faces significant challenges, particularly with its financial health, reflected in a high liabilities to assets ratio of 89.94%, resulting in a low score in that area. Furthermore, the organization has not made its tax form available on its website, which is a concern for transparency. This lack of communication can hinder public trust and further evaluation of their financial practices.
Overall, while Kingdom Katalyst Dba K2 Hawaii shows strengths in governance and program spending, it must address its financial stability and improve transparency to enhance its rating and public confidence. The lack of data on leadership and impact measurement also limits a comprehensive assessment of the organization's effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Kingdom Katalyst legitimate?
Kingdom Katalyst is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kingdom Katalyst 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: $120,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $498,747
For more financial information, click here
What is the mission statement of Kingdom Katalyst?
Kingdom Katalyst Dba K2 Hawaii's mission is to support and promote Christian organizations by offering affordable, professional-quality business and advancement services. They aim to foster leadership development within the religious community and initiate new projects to strengthen the Christian faith. The organization provides guidance and assistance to churches, ministries, and other Christian-based organizations, striving to further their causes.
Who is the CEO of Kingdom Katalyst?
Sue Ann Moriwaki is the Chairman of Kingdom Katalyst.
What is the revenue of Kingdom Katalyst?
Kingdom Katalyst's revenue in 2022 was $1,643,279.
Who are the executives of Kingdom Katalyst and what are their salaries?
The average compensation at Kingdom Katalyst during 2022 was $88,392. There are 7 employees and 8 volunteers at Kingdom Katalyst.
Here are 7 key members and their salaries:
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $118,926
- Related: $0
- Other: $1,074
Where can I find the form 990 for Kingdom Katalyst?
Kingdom Katalyst's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Kingdom Katalyst
Kingdom Katalyst Dba K2 Hawaii is dedicated to promoting and supporting Christian organizations. They accomplish this by offering affordable, professional-quality business and advancement services to churches, ministries, and other Christian-based organizations. Their mission is to further the development of leadership within the religious community and launch new projects and initiatives to advance the Christian faith. By providing guidance and assistance, Kingdom Katalyst Dba K2 Hawaii aims to strengthen and empower Christian organizations, helping them to thrive and make a greater impact in their communities.
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Impact
July, 2024
Kingdom Katalyst Dba K2 Hawaii's impact can be seen through its dedicated efforts to promote and support Christian organizations. By providing churches, ministries, and other Christian-based organizations with affordable, professional-quality business and advancement services, Kingdom Katalyst is helping further the development of leadership within the religious community. Additionally, the organization's initiatives aim to launch new projects and initiatives that contribute to the advancement of the Christian faith. Through its services, Kingdom Katalyst is actively supporting and strengthening the Christian community in Hawaii and beyond.
This information is meant to be a general summary of Kingdom Katalyst. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $110
- Program Service Revenue: $1,455,835
- Gross Receipts: $1,643,279
Assets and Liabilities:
- Total Assets: $5,085,546
- Total Liabilities: $4,486,978
- Net Assets: $598,568
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ORGANIZATIONAL ASSISTA
Revenue
$816,108
KD2 DEVELOPMENT
Revenue
$585,498
S2S PROGRAM
Revenue
$54,000
MISCELLANEOUS INCOME
Revenue
$229
Organization Details
Founding Year
2012
Phone
(808) 948-9591Principal Officer
Sue Ann Moriwaki
Main Address
711 KAPIOLANI BOULEVARD 500, HONOLULU, HI, 96813
NTEE Category
Code: X20 - Religion related
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