Overview
What is Koinonia Ventures Inc?
Koinonia Ventures Inc. is a charitable organization situated in Woodbury, New York, with a mission to empower young individuals to become entrepreneurs. In the 2022 fiscal year, the organization initiated 59 new projects, demonstrating its commitment to community-driven initiatives. It provides financial support through project loans, which led to 17 business partners repaying their loans in full, showcasing the success and sustainability of its efforts. Additionally, Koinonia Ventures Inc. introduced a new business curriculum in two locations, fostering entrepreneurial skills and economic independence among its beneficiaries. The organization's dedication to fostering economic development and making a positive impact in the communities it serves is evident in its accomplishments.
Is Koinonia Ventures Inc legitimate?
Koinonia Ventures Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Koinonia Ventures 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: $26,200
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What is the mission statement of Koinonia Ventures Inc?
Koinonia Ventures Inc is committed to establishing and operating a charitable organization that encourages and supports young individuals in their entrepreneurial journey. This is achieved through several means: introducing these individuals to business owners across the nation, equipping them with essential business skills, providing the necessary funds to start a small business, and offering mentorship to help them achieve their goals. Furthermore, the organization exposes these young entrepreneurs to new technology to aid in the efficient operation of their businesses.
Who is the CEO of Koinonia Ventures Inc?
Unavailable
What is the revenue of Koinonia Ventures Inc?
Koinonia Ventures Inc's revenue in 2022 was $181,551.
Who are the executives of Koinonia Ventures Inc and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Koinonia Ventures Inc?
Koinonia Ventures Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Koinonia Ventures Inc
Koinonia Ventures Inc is a charitable organization with a mission to encourage and support young individuals in their journey to become entrepreneurs. The corporation achieves this mission through several strategies. Firstly, it connects and introduces these aspiring entrepreneurs to established business owners across the United States. By doing so, it provides them with valuable insights and practical knowledge necessary to start their own small businesses.
Secondly, Koinonia Ventures Inc provides the financial resources required to initiate a small business. This could be in the form of loans, grants, or other forms of financial assistance. This is a crucial step as many young entrepreneurs lack the necessary capital to start their ventures.
Thirdly, the organization exposes these individuals to new technology that can help them run their businesses more efficiently. In today's digital age, technology plays a significant role in business operations. By introducing these young entrepreneurs to the latest technological tools, Koinonia Ventures Inc aims to give them a competitive edge.
Lastly, Koinonia Ventures Inc provides mentorship to these individuals. Mentorship is a powerful tool that can help young entrepreneurs navigate the challenges of starting and running a business. The corporation's mentors offer guidance, support, and advice to help these individuals achieve their goals.
In summary, Koinonia Ventures Inc is a charitable organization dedicated to encouraging and supporting young individuals to become entrepreneurs. It achieves this mission by connecting them with established business owners, providing them with financial resources, exposing them to new technology, and offering mentorship. By doing so, Koinonia Ventures Inc aims to equip these young individuals with the skills, resources, and support they need to succeed in their entrepreneurial ventures.
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Impact
October, 2024
Koinonia Ventures Inc. significantly impacts the lives of youth facing poverty in Egypt by providing essential resources such as shelter and food. By focusing on the needs of vulnerable populations, Koinonia Ventures addresses critical issues affecting youth well-being and development. Their commitment to community improvement fosters a sense of hope and stability for those they assist, empowering young individuals to pursue better opportunities and break the cycle of poverty. The organization’s efforts not only meet immediate needs but also contribute to long-term positive outcomes for youth in their communities.
This information is meant to be a general summary of Koinonia Ventures 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.
- Gross Receipts: $181,551
Assets and Liabilities:
- Total Assets: $299,576
- Total Liabilities: $0
- Net Assets: $299,576
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Organization Details
Founding Year
2017
Main Address
St Mark Coptic Church PO BOX 385, Woodbury, NY, 11797
NTEE Category
Code: S30 - Community improvement
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