Kerygma Ventures

The information for Kerygma Ventures is as of the organization's most recent filing in December '21. This organization is located in Colleyville, TX. It has been in existence for 46 years, following its founding in 1975.

Organization Classification

The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.

The Kerygma Ventures' NTEE code is X20. The "X" tells us that the organization is classified as Religion-Related. The "20" tells us that the organization falls under the Christianity category. According to the NTEE description, Kerygma Ventures is a religious organization that provides opportunities for people to satisfy their inner needs and enhance their spiritual growth through organized worship or other devotional activities based on the teachings of Jesus Christ. The organization's mission is to spread the gospel of Jesus Christ by helping people implement the life-transforming truths of God's word into practical daily living.

Program Areas

Within the general fund, the organization reports all revenues, support, and functional expenses that are not specifically reported by another fund or program. The organization conducts seminars, retreats, conferences, and special events to teach and train people in the life-transforming truths of God's word. In 2021, the organization hosted more than 7 retreats attended by more than 400 people, including their annual flagship programs such as the Leadership Expedition Alumni Reunion, Theological Roundtable, Beyond Happiness Marriage Retreat, Wildman Texas!, Epic Conference, Weekend with Dudley, and Treasure Hunt Weekend for Women.

Organization Staffing

Kerygma Ventures has 7 employees, none of whom were paid more than $100k according to the organization's most recent 990 tax filing. Supporting the paid staff are 270 volunteers.

Board Governance

Kerygma Ventures, the provided non-profit organization, appears to be well-governed based on the information provided. The organization has a small but diverse board of voting members, with four out of five members being independent. This indicates that the organization values diverse perspectives and avoids potential conflicts of interest that may arise from having board members with personal or financial ties to the organization. Furthermore, Kerygma Ventures demonstrates a commitment to transparency and accountability through various policies and practices. The organization documents both board meetings and committee meetings, ensuring that important decisions and discussions are recorded for future reference. The presence of a conflict of interest policy, along with the requirement of disclosure, suggests that the organization takes steps to address and mitigate any potential conflicts that may arise among its leadership. Additionally, Kerygma Ventures has implemented several important policies to ensure ethical practices. The organization has a written whistleblower policy, which encourages individuals to report any wrongdoing or unethical behavior they witness within the organization. The presence of a document retention policy indicates that the organization recognizes the importance of maintaining records and documents for legal and accountability purposes. Moreover, Kerygma Ventures demonstrates a commitment to financial transparency by substantiating and reviewing the leadership and officer's salaries. This ensures that the compensation of the organization's leaders is justifiable and aligns with industry standards. The organization also provides copies of the 990, a tax form that non-profit organizations are required to file, to the board prior to filing. This allows the board members to review and understand the organization's financial information before it is submitted to relevant authorities. Overall, based on the information provided, Kerygma Ventures appears to be well-governed, with a focus on transparency, accountability, and ethical practices. The organization's policies and practices demonstrate a commitment to avoiding conflicts of interest, maintaining financial transparency, and ensuring proper documentation and review of important decisions.

Grant History

Our dataset includes one year of grant history for Kerygma Ventures. In this year, they have awarded two grants, with an average check size of $14,096. Both grants were awarded in the Religion-Related sector. Additionally, the organization awarded one grant in Alaska and one grant in Texas.

Organization Growth

Kerygma Ventures, a nonprofit organization, has experienced growth over the given time period. Contributions and grants received increased from $723.8K in 2014 to $2.2M in 2021, indicating an upward trend in financial support. Additionally, other revenue also increased from $16.1K in 2014 to $32.3K in 2021. This growth in revenue is reflected in the total revenue, which rose from $876.9K in 2014 to $2.4M in 2021. However, program service revenue decreased from $82.5K in 2014 to $67.8K in 2021, and investment income decreased from $54.4K in 2014 to $33.0K in 2021. Despite these declines, the overall trend suggests that Kerygma Ventures has grown financially over the given time period. In terms of expenses, total expenses increased from $1.0M in 2014 to $1.2M in 2021. Employee salaries also increased from $445.5K in 2014 to $591.1K in 2021. However, the organization experienced a decrease in total employees, from 9 in 2014 to 7 in 2021. On the other hand, the number of volunteers increased from 150 in 2014 to 270 in 2017, indicating growth in community engagement and support.