The Kanakuk Institute
- Assets
- $1.5m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 19
- Location
- Branson, MO
- Founding
- 04/2002
- Data as of
- 06/2022
- EIN
- 43-1926319
Organization Overview
The Kanakuk Institute is located in Branson, MO. The organization was established in 2002. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 06/2022, Kanakuk Institute employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kanakuk Institute is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Kanakuk Institute generated $2.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $1.9m during the year ending 06/2022. While expenses have increased by 6.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE INSTRUCTION TO STUDENTS SEEKING AN EDUCATION IN CHRISTIAN MINISTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATION HELD STUDENT MINISTRY CLASSES FOR 89 STUDENTS IN THE GRADUATING SPRING CLASS OF 2022.
ORGANIZATION PROVIDED COUNSELING, SPEAKING AND ORGANIZATION SERVICES IN THE FIELD OF CHRISTIAN MINISTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Chancey President | Officer | 40 | $123,485 |
Chad Hampsch Vice Pres/tr | Officer | 40 | $75,113 |
Lynn Stucky Chairman | OfficerTrustee | 2 | $0 |
Richard Smith Vice Chairma | OfficerTrustee | 2 | $0 |
Doug Goodwin Secretary | OfficerTrustee | 2 | $0 |
Ron Baldwin Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $166,700 |
| All other contributions, gifts, grants, and similar amounts not included above | $521,685 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $688,385 |
| Total Program Service Revenue | $1,298,331 |
| Investment income | $2,049 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,988,765 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $74,849 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $400,616 |
| Compensation of current officers, directors, key employees. | $206,208 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $408,693 |
| Pension plan accruals and contributions | $131,501 |
| Other employee benefits | $85,582 |
| Payroll taxes | $37,290 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $595 |
| Fees for services: Accounting | $16,965 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,859 |
| Advertising and promotion | $3,289 |
| Office expenses | $25,663 |
| Information technology | $12,251 |
| Royalties | $0 |
| Occupancy | $395,720 |
| Travel | $40,815 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,956 |
| Insurance | $13,238 |
| All other expenses | $1,925 |
| Total functional expenses | $1,868,922 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $484,746 |
| Savings and temporary cash investments | $27,723 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $960,808 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $32,569 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,000 |
| Total assets | $1,515,846 |
| Accounts payable and accrued expenses | $47,807 |
| Grants payable | $0 |
| Deferred revenue | $612,242 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $660,049 |
| Net assets without donor restrictions | $855,797 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,515,846 |