Kingdom Air Corps Inc
- Assets
- $2.4m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 13
- Location
- Sutton, AK
- Founding
- 05/2001
- Data as of
- 12/2021
- EIN
- 92-0168877
Organization Overview
Kingdom Air Corps Inc is located in Sutton, AK. The organization was established in 2001. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Kingdom Air Corps Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kingdom Air Corps Inc 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 12/2021, Kingdom Air Corps Inc generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.6% each year . All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 23.9% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TRAINING PILOTS TO REACH THE ISOLATED PEOPLES OF THE WORLD WITH THE GOSPEL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MINISTRY ACTIVITIES: DEDICATED TO SPREADING THE GOSPEL TO PEOPLE LIVING IN REMOTE AREAS OF THE EARTH BY TRAINING PILOTS AND MECHANICS WHO HAVE BEEN CALLED TO FULL-TIME MINISTRY SO THAT THOSE INACCESSIBLE PLACES BECOME REACHABLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Lites Dir Of Aviation Maint | 40 | $118,216 | |
Dwayne King President | OfficerTrustee | 5 | $43,043 |
Mike Roub Vice President | OfficerTrustee | 5 | $0 |
Jackie Cohen Secretary | OfficerTrustee | 5 | $0 |
Nancy Crane Treasurer | Officer | 5 | $0 |
Paul Manwiller Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $65,700 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,433,647 |
| Noncash contributions included in lines 1a–1f | $87,021 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,499,347 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $84,035 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,590,178 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $23,543 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $43,043 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $432,073 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $51,097 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,077 |
| Advertising and promotion | $5,223 |
| Office expenses | $27,718 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $57,183 |
| Travel | $50,125 |
| 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 | $69,636 |
| Insurance | $11,852 |
| All other expenses | $0 |
| Total functional expenses | $1,300,400 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $319,130 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $1,642,980 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $400,020 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,362,130 |
| Accounts payable and accrued expenses | $9,778 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $251,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $260,778 |
| Net assets without donor restrictions | $1,961,500 |
| Net assets with donor restrictions | $139,852 |
| 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 | $2,362,130 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Kingdom Air Corps Inc has recieved totaling $2,400.
| Awarding Organization | Amount |
|---|---|
Kingdoms Light Foundation Quakertown, PA PURPOSE: TO FURTHER THEKINGDOM OF GOD | $2,400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gage Academy Of Art Seattle, WA | $3,068,571 | $2,623,877 |
Pratt Fine Arts Center Seattle, WA | $7,081,159 | $1,908,130 |
Kingdom Air Corps Inc Sutton, AK | $2,362,130 | $1,590,178 |
Woodworth Family Foundation Tacoma, WA | $16,382,874 | $3,452,473 |
Pottery Northwest Seattle, WA | $1,169,498 | $523,661 |
Bunnell Street Arts Center Homer, AK | $391,886 | $556,806 |
Bainbridge Arts & Crafts Inc Bainbridge Island, WA | $908,274 | $485,325 |
Anacortes Arts Festival Anacortes, WA | $436,946 | $573,195 |
Gallery One Ellensburg, WA | $1,225,833 | $384,884 |
Seattle Architectural Foundation Seattle, WA | $605,380 | $176,564 |
Girwood Center For Visual Arts Inc Girdwood, AK | $95,760 | $222,401 |
Alchemy Art Center Friday Harbor, WA | $54,359 | $0 |