Kingdom Work Foundation in Colleyville, Texas (TX)

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Kingdom Work Foundation
Employer Identification Number (EIN)204029712
Name of OrganizationKingdom Work Foundation
In Care of NameLouis Scoma Jr
Address3974 Witten Dr, Colleyville, TX 76034-4691
SubsectionCharitable Organization
Ruling Date07/2006
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$1,000,000 to $4,999,999
Income$25,000 to $99,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$2,688,705
Amount of Income$53,619
Form 990 Revenue Amount$98,099
National Taxonomy of Exempt Entities (NTEE)International, Foreign Affairs and National Security: International Relief


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Amount of income in 2013: $53,619 (it was $87,175 in 2012)
This organization: 

 $53,619
Other organizations performing similar types of work: 

 $70,787

Assets in 2013: $2,688,705 (it was $5,967,979 in 2012)
This organization: 

 $2,688,705
Other organizations performing similar types of work: 

 $23,594

Expenses in 2013: $5,535
This organization: 

 $5,535
Other organizations performing similar types of work: 

 $60,296

Income to expenses ratio in 2013: 9.7
This organization: 

 9.7
Other organizations performing similar types of work: 

 1.0

Grants share in income in 2013: 0.0%
This organization: 

 0.0%
Other organizations performing similar types of work: 

 0.9%

Financial snapshot ($)

Assets at the end of 2013

Expenses for 2013

Analysis of Revenue and Expenses (for 2013)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$53,619$53,619$0
Contributions, gifts, grants, etc., received$0
Interest on savings and temporary cash investments$53,619
Dividends and interest from securities$0
Gross rents$0
Gross sales price for all assets$0
Gross profit from sales of goods$0
Other income$0
Total expenses and disbursements$5,535$30$0$5,505
Compensation of officers, directors, trustees, etc.$0
Pension plans, employee benefits$0
Legal fees$2,005
Accounting fees$1,500
Interest$0
Depreciation$0
Occupancy$0
Travel, conferences, and meetings$0
Printing and publications$0
Total operating and administrative expenses$3,535$30$3,505
Contributions, gifts, grants paid$2,000
Excess of revenue over expenses and disbursements$48,084
Net investment income$53,589
Adjusted net income$0
Balance Sheets
201120122013
Book ValueFair Market ValueBook ValueFair Market ValueBook ValueFair Market Value
Total assets$5,887,314$5,967,979$2,688,705$2,688,705
Cash - non-interest-bearing$5,927
Investments-U.S. and state government obligations$0
Investments-corporate stock$0
Investments-corporate bonds$0
Investments-mortgage loans$0
Investments-other$283,205
Other assets$136,492
Total liabilities$3,483,713$3,485,213$157,855
Mortgages and other notes payable$0
Other liabilities$136,492
Total liabilities and net assets/fund balances$2,530,850
Capital Gains and Losses for Tax on Investment Income
201120122013
Capital gain net income$0
Net capital loss$0
Excise Tax Based on Investment Income
201120122013
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)No
Tax based on investment income$1,072
Total credits and payments$0
Any penalty for underpayment of estimated tax$24
Tax due$1,096
Overpayment$0
Amount to be credited to next year's estimated tax$0
Statements Regarding Activities
201120122013
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign?No
Has the foundation engaged in any activities that have not previously been reported to the IRS?No
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles of incorporation, or bylaws, or other similar instruments?No
Has the foundation filed a tax return on Form 990-T for this year?NoNo
Was there a liquidation, termination, dissolution, or substantial contraction during the year?No
Has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state?Yes
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for current calendar year or the taxable year beginning in this year?No
Did any persons become substantial contributors during the tax year?No
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had advisory privileges?No
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?No
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041No
Statements Regarding Activities for Which Form 4720 May Be Required
201120122013
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?No
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?No
Furnish goods, services, or facilities to (or accept them from) a disqualified person?No
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?No
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?No
Agree to pay money or property to a government official?No
Did any of the acts fail to qualify under the exceptions described in Regulations section 53.4941(d)-3 or in a current notice regarding disaster assistance?No
Did the foundation engage in a prior year in any of the acts, other than excepted acts, that were not corrected before the first day of the tax year beginning in this year?No
At the end of this tax year, did the foundation have any undistributed income for tax year(s) beginning before this year?No
Are there any years listed above for which the foundation is not applying the provisions of section 4942(a)(2) (relating to incorrect valuation of assets) to the year's undistributed income?No
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?No
Did the foundation have excess business holdings in this year as a result of (1) any purchase by the foundation or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3) the lapse of the 10-, 15-, or 20-year first phase holding period?No
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?No
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in this year?No
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?No
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?No
Provide a grant to an individual for travel, study, or other similar purposes?No
Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)?No
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?No
Did any of the transactions fail to qualify under the exceptions described in Regulations section 53.4945 or in a current notice regarding disaster assistance?No
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?No
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?No
Minimum Investment Return
201120122013
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$2,665,800
Net value of noncharitable-use assets$2,625,813
Minimum investment return$131,291
Distributable Amount
201120122013
Distributable amount$130,219
Undistributed Income
201120122013
Distributable amount for this year$130,219
Undistributed income for this year. This amount must be distributed in the next year$124,714
Private Operating Foundations (for 2010 - 2013)
2013201220112010Total
The lesser of the adjusted net income or the minimum investment return$0$0$0$0$0
Qualifying distributions made directly for active conduct of exempt activities$0$0$0$0$0
Value of all assets$0$0$0$0$0
Value of assets qualifying under section 4942(j)(3)(B)(i)$0$0$0$0$0
2/3 of minimum investment return$0$0$0$0$0
Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties)$0$0$0$0$0
Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)$0$0$0$0$0
Gross investment income$0$0$0$0$0
Supplementary Information (for 2013)
Grants approved for future payment$0
Analysis of Income-Producing Activities (for 2013)
AmountRelated or exempt function income
Program service revenue
Fees and contracts from government agencies$0$0
Membership dues and assessments$0$0
Interest on savings and temporary cash investments$53,619$0
Dividends and interest from securities$0$0
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations (for 2013)
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Transfers from the reporting foundation to a noncharitable exempt organization of:
CashNo
Other assetsNo
Other transactions:
Sales of assets to a noncharitable exempt organizationNo
Purchases of assets from a noncharitable exempt organizationNo
Rental of facilities, equipment, or other assetsNo
Reimbursement arrangementsNo
Loans or loan guaranteesNo
Performance of services or membership or fundraising solicitationsNo
Sharing of facilities, equipment, mailing lists, other assets, or paid employeesNo
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IdNameAddressStateEstablishedTotal Income
1Mercy ShipsPO BOX 2020, Lindale, TX 75771-2020TX2008-07$38,257,362
2International Emergency And Development Aid Ieda Relief Inc10101 Fondren Rd Ste 550, Houston, TX 77096-5149TX2010-12$9,536,657
3Mercury One Inc6301 Riverside Drive Bldg 3, Irving, TX 75039-3531TX2012-01$6,992,955
4International Technical Assistance GroupPo Box 861482, Plano, TX 75086TX2011-03$3,476,475
5Naomis Village IncPO BOX 793841, Dallas, TX 75379-3841TX2013-11$1,467,147
6Kwo Ministries3500 W Golf Course Rd, Midland, TX 79703-5018TX2012-11$973,094
7Engage Hope Ministries6505 W Park Blvd 306315, Plano, TX 75093-6208TX2012-12$970,407
8Kids Matter International535 Nolan Dr, Southlake, TX 76092-9194TX2008-08$934,618
9Village Of Hope Inc4911 Haverwood Ln Apt 2837, Dallas, TX 75287-4440TX2009-06$908,998
10Servinghim Healthcare International Ministries, Serve HimPO BOX 794151, Dallas, TX 75379-4151TX2000-08$793,800
11Arise Africa Inc6030 Velasco Avenue, Dallas, TX 75206TX2010-05$660,450
12Touch A Life400 East Royal Lane Bldg 3 Ste 290, Irving, TX 75039-3602TX2004-12$659,757
13Starfish Kenya Inc2110 7th St, Seabrook, TX 77586-3472TX2004-03$633,430
14Saviors Tear6018 Hanson Rd, Amarillo, TX 79106-3408TX2007-01$626,885
15His Chase Foundation1018 Ricci Ct, Irving, TX 75062-6573TX2012-05$598,516
16Hub Of Human Innovation500 W Overland Ave Ste 230, El Paso, TX 79901-1086TX2012-02$480,926
17Hope Events Inc1011 W 10th St, Austin, TX 78703-4929TX2009-02$480,231
18Lost Orphans InternationalPO BOX 1388, Mckinney, TX 75070-8151TX2010-08$448,192
19A Place Of Hope International6824 Randol Mill Rd, Fort Worth, TX 76120-1248TX2009-06$446,720
20Namikango Mission Us Incorporated510 College Ave, South Houston, TX 77587-4202TX2013-09$405,130
Number of organizations performing similar types of work
Alaska19
Alabama91
Arkansas48
Arizona168
California1,472
Colorado264
Connecticut117
District of Columbia114
Delaware31
Florida791
Georgia373
Hawaii28
Iowa54
Idaho57
Illinois336
Indiana138
Kansas57
Kentucky76
Louisiana59
Massachusetts293
Maryland326
Maine29
Michigan220
Minnesota217
Missouri123
Mississippi28
Montana21
North Carolina272
North Dakota11
Nebraska38
New Hampshire30
New Jersey295
New Mexico35
Nevada47
New York784
Ohio227
Oklahoma87
Oregon163
Pennsylvania266
Rhode Island30
South Carolina76
South Dakota14
Tennessee171
Texas747
Utah97
Virginia330
Vermont29
Washington341
Wisconsin126
West Virginia19
Wyoming5
International53
Total9,843

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