Overview
What is The Koinonia Foundation Inc?
The Koinonia Foundation Inc, headquartered in Wake Forest, North Carolina, is a nonprofit organization dedicated to aiding the less fortunate in the area. Their primary mission is to offer essential support to those in need, which includes assistance with rent, utilities, and food. Additionally, they provide educational resources to enhance the lives of the community members they serve. The foundation's activities are centered around uplifting the needy individuals of Wake Forest, demonstrating their commitment to community welfare.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Star rating)
The Koinonia Foundation Inc has received a Two-Star rating from Charity Navigator, reflecting a score of 73% based solely on the Accountability & Finance beacon. This rating is significant as it indicates the foundation's adherence to standards of accountability and financial health, which are crucial for donor trust and organizational sustainability.
Strengths of the organization include a fully independent board with ten members, demonstrating robust governance, as well as a commendable program expense ratio of 84.98%, indicating that a large portion of funds is directed towards its programs. Additionally, the foundation has no liabilities, showcasing strong financial stability and responsible asset management.
However, the single beacon score may suggest that the organization has room for improvement in other areas not captured in the current rating. While the high scores in accountability and governance are positive, a more comprehensive assessment would provide a fuller picture of the foundation's overall impact and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is The Koinonia Foundation Inc legitimate?
The Koinonia Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Koinonia Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of The Koinonia Foundation Inc?
The Koinonia Foundation Inc's mission is centered around providing essential support to those in need. Specifically, they aim to provide necessities such as rent, utilities, and food, as well as educational resources, to individuals who are struggling. This charitable organization operates with a benevolent approach, responding to requests for assistance in a compassionate manner.
Who is the CEO of The Koinonia Foundation Inc?
Judy Killebrew is the Treasurer of The Koinonia Foundation Inc.
What is the revenue of The Koinonia Foundation Inc?
The Koinonia Foundation Inc's revenue in 2022 was $72,701.
Who are the executives of The Koinonia Foundation Inc and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The Koinonia Foundation Inc?
The Koinonia Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Koinonia Foundation Inc
The Koinonia Foundation Inc is dedicated to providing essential support to those in need within their community. Their mission, in simple terms, is to offer resources such as rent, utilities, food, and education to individuals who are struggling financially. By doing so, this nonprofit organization aims to improve the living conditions and well-being of these individuals, thereby making a meaningful impact on their lives. The Koinonia Foundation Inc operates on the principle of benevolence, responding to requests for assistance and providing the necessary support to help those in need.
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Impact
August, 2024
The Koinonia Foundation Inc provides essential assistance to those in need in Wake Forest. By offering support in the form of rent, utilities, food, education, and other necessities, the organization has a direct and tangible impact on improving the lives of individuals facing hardship in the community. Their focus on benevolence requests underscores their commitment to addressing immediate needs and providing a helping hand to those struggling to make ends meet. This impactful work contributes to building a stronger and more supportive community in Wake Forest, NC.
This information is meant to be a general summary of The Koinonia Foundation 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $25,852
- Gross Receipts: $85,422
Assets and Liabilities:
- Total Assets: $344,612
- Total Liabilities: $0
- Net Assets: $344,612
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Organization Details
Phone
(919) 556-5418Principal Officer
Judy Killebrew
Main Address
PO BOX 200, WAKE FOREST, NC, 27588
NTEE Category
Code: X00 - Religion related
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