KINGDOM GROWTH FOUNDATION INC FKA STONE MOUNTAIN BAPTIST NEW WORK FOUN

EIN: 581961010 501(c)(3)

COVINGTON, GA

Total Revenue
$268,232
Total Expenses
$251,729
Total Assets
$1,654,143
Net Assets
$1,651,305
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
GA
Principal Officer
CHARLES REYNOLDS
Phone
3182861419
Tax Period
2024-01-01 to 2024-12-31

KINGDOM GROWTH FOUNDATION INC FKA STONE MOUNTAIN BAPTIST NEW WORK FOUN, founded in 1990, is a small nonprofit that reported $268K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $252K left a modest 6% surplus.

Mission

HELPING CHURCHES GROW.THE MISSION STATEMENT IS SIMPLE, JUST THREE WORDS. ALL FACETS OF OUR MINISTRY REVOLVE AROUND THIS MISSION. THE FOUNDATION IS FOCUSED ON CHURCH GROWTH. WE DEFINE CHURCH GROWTH AS PEOPLE WITHOUT A RELATIONSHIP WITH CHRIST CONNECTING TO A LOCAL CHURCH, HEARING AND RESPONDING TO THE GOSPEL, AND ENGAGING AS NEW CHURCH MEMBERS AS GROWING, PRODUCTIVE MEMBERS OF THE BODY OF CHRIST.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $106,404
Program Service Revenue $0
Investment Income $159,847
Other Revenue $1,981
TOTAL REVENUE $268,232

Expense Breakdown

Grants Paid $77,525
Salaries & Benefits $91,663
Fundraising Expenses $9,122
Program Expenses $132,260
Other Expenses $82,541
TOTAL EXPENSES $251,729

Year-over-Year Comparison

2024 2023 Change
Revenue $268,232 $288,616 -0.1%
Expenses $251,729 $165,748 +0.5%
Net Income $16,503 $122,868 -0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
27
Independent Members
27
Employees
1
Volunteers
20

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$91,224
Total Directors
27
$91,224
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHARLES REYNOLDS EXECUTIVE DIRECTOR 60.00
Officer Director
$83,057 $8,167 $91,224
TIM BARNETTE CEO/PRESIDENT 2.00
Officer Director
$0 $0 $0
BARBARA THELUSMA VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
JOHN GRAHAM CFO/TREASURER 2.00
Officer Director
$0 $0 $0
GENE MASON SECRETARY 2.00
Officer Director
$0 $0 $0
STEPHEN ALDRIDGE TRUSTEE 1.00
Director
$0 $0 $0
MIKE BAILEY TRUSTEE 1.00
Director
$0 $0 $0
QUINCY BARNWELL TRUSTEE 1.00
Director
$0 $0 $0
SCHENITA BARNWELL TRUSTEE 1.00
Director
$0 $0 $0
CHUCK BECKHAM TRUSTEE 1.00
Director
$0 $0 $0
NOBLE BENEFIELD TRUSTEE 1.00
Director
$0 $0 $0
RICHARD BUMPERS TRUSTEE 1.00
Director
$0 $0 $0
RUSS BUTCHER TRUSTEE 1.00
Director
$0 $0 $0
ALFRED FLANIGAN TRUSTEE 1.00
Director
$0 $0 $0
DALE FORD TRUSTEE 1.00
Director
$0 $0 $0
MARIE HALL TRUSTEE 1.00
Director
$0 $0 $0
JO HARBIN TRUSTEE 1.00
Director
$0 $0 $0
DEAN HAYES TRUSTEE 1.00
Director
$0 $0 $0
BILL JOHNSON TRUSTEE 1.00
Director
$0 $0 $0
WILLIAM JOHNSON TRUSTEE 1.00
Director
$0 $0 $0
TYRONE KING TRUSTEE 1.00
Director
$0 $0 $0
LARRY MCSWAIN TRUSTEE 1.00
Director
$0 $0 $0
MICHELE MEANS TRUSTEE 1.00
Director
$0 $0 $0
BARBARA MILLER TRUSTEE 1.00
Director
$0 $0 $0
ROBERT PARISH TRUSTEE 1.00
Director
$0 $0 $0
KEITH SHELTON TRUSTEE 1.00
Director
$0 $0 $0
KEVIN WADE TRUSTEE 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $268,232 $251,729 $1,654,143 $16,503
2023 $288,616 $165,748 $1,650,092 $122,868
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