Kingdom Capital Fund
Kingdom Capital Fund is a public charity filing Form 990, based in Sioux Falls, South Dakota. It invests cash and non-cash gifts in entrepreneurial projects and uses proceeds to support Christian ministries.
Kingdom Capital Fund at a glance
In short: Kingdom Capital Fund gave $429K across 13 grants in 2024 (avg $33K), mostly in South Dakota. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $428,500
- +410.1% vs 2023
- Grants made (2024)
- 13
- +333.3% vs 2023
- Average grant
- $32,962
- +17.7% vs 2023
- Median grant
- $35,000
- Total assets
- $5,334,437
- +2.2% vs 2023
- Primary geography
- South Dakota (80% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
How to apply to Kingdom Capital Fund
- Contact
Mailing address: 5735 E 41St St, Sioux Falls, SD 57110
Phone: (605) 937-8845
Website: https://kingdomcapitalfund.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Kingdom Capital Fund funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Restoration Generation ($60K). Together the top 10 received $389K.
Grant Size Distribution
42 grants across all recorded years
The most common grant size was under $50K: 25 grants of 42 (60%).
Geographic Focus
Where this funder awards grants
The fund is based in Sioux Falls. In the 2024 itemized grant data, recipients in South Dakota received 80% of grant dollars, Tennessee recipients 12%, and Minnesota recipients 8%. The filing narrative also reports grants to four international ministry partners during calendar year 2024.
Grant Distribution by State
Share of 2024 grant dollars across all 13 itemized grants.
Cities
How Kingdom Capital Fund gives
- Giving grew 25% from 2021 to 2024. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2024, annual grant giving ranged from $84K (2023) to $675K (2022). In 2024 it made 13 grants totaling $429K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Restoration Generation Sioux Falls, SD | General Purpose | $60,000 |
| Thehopeline Spring Hill, TN | General Purpose | $50,000 |
| Lifeline Children's Services Inc Sioux Falls, SD | General Purpose | $50,000 |
| TRE Ministries Sioux Falls, SD | General Purpose | $50,000 |
| South Dakota Fellowship of Christian Athletes Sioux Falls, SD | General Purpose | $50,000 |
| Breakthrough Christian Counseling Sioux Falls, SD | General Purpose | $38,500 |
| Hope Harbor Marshall, MN | General Purpose | $35,000 |
| Call to Freedom Sioux Falls, SD | General Purpose | $25,000 |
| Child Evangelism Fellowship - Sioux Falls Huron, SD | General Purpose | $15,000 |
| Lights up Ministries Inc Sioux Falls, SD | General Purpose | $15,000 |
Ready to take the next step with Kingdom Capital Fund?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $5,334,437 | $1,383,680 | $1,145,653 | $428,500 | 13 | $159,129 |
| 2023 | $5,218,290 | $1,738,540 | $534,956 | $84,000 | 3 | $81,308 |
| 2022 | $4,266,192 | $2,314,616 | $985,954 | $674,526 | 13 | $350,020 |
| 2021 | $2,710,930 | $1,855,135 | $592,714 | $342,333 | 6 | $318,749 |
| 2020 | $1,545,802 | $1,101,807 | $791,578 | $584,187 | 7 | $134,416 |
| 2019 | $1,259,994 | $688,439 | $552,048 | $347,200 | 7 | $12,302 |
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The organization’s mission, as stated in its filing, is to bring people together to use their time, talent, and treasure for kingdom impact by multiplying gifts through an entrepreneurial fund and equipping people to honor God through their everyday work.
The fund says it vets organizations that request support and reviews their statements of faith for consistency with its own. Its website identifies four needs its investments and projects aim to equip ministries to meet: sharing the gospel; training and mobilizing spiritual leaders; building communities of discipleship; and meeting urgent needs while sharing the hope of God’s word.
Examples of grantees’ stated work include Restoration Generation’s Christian evangelism and renewal campaigns; tre Ministries’ work with college students and young adults through leadership and community churches; and Hope Harbor’s family-restoration programs. Call to Freedom says it supports people affected by trafficking and commercial sexual exploitation, while Lights Up Ministries says it promotes the gospel through Broadway-style plays.
Grantmaking
The 2024 filing data lists 13 grants totaling $428,500. Grants ranged from $10,000 to $60,000, with a median of $35,000. The filing narrative separately reports $773,284 in grants during calendar year 2024: $410,000 to 13 local ministry partners, $18,500 in sponsorships of Sioux Falls ministry events, and $344,784 to four international ministry partners. These are figures reported in different parts of the filing and are presented separately here.
Among the grants itemized in the filing data, Restoration Generation received $60,000; TheHopeLine, Lifeline Children’s Services, tre Ministries, and South Dakota Fellowship of Christian Athletes each received $50,000; Breakthrough Christian Counseling received $38,500; Hope Harbor received $35,000; and Call to Freedom received $25,000. The filing lists each of these grants as for general purposes.
The fund’s website describes gifts as being invested and distributed to Christian nonprofits as matching grants. The filing says organizations requesting support are vetted by its Ministry Support Committee and must meet the fund’s stated Christian criteria. No application materials or deadline are stated.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Joseph Evenson as president; Steven Jankord as chair; Kurt Huisken as vice chair; Rob Broin as secretary; and Eric Kerkvliet as treasurer. Directors listed are Walt Bones, Blake Hoffman, Kent Huisken, Matt Jensen, and Dan Lemme.
The filing identifies Matt Jensen, Walt Bones, Eric Kerkvliet, and Bruce Saugstad as managing trustees in 2024.
Kingdom Capital Fund is led by Joseph Evenson, President since 2024 (on filings since 2023); 1 of 12 officers listed in 2024 is compensated.
Officers on the 2024 filing
Joseph Evenson
President
President - Joined → President, 2024
On filings since 2023
45 hrs/week
$27K (2023) → $115K (2024)
Steven Jankord
Chair
Director → Chairman, 2020
Chairman → Chair, 2021
On filings since 2019
10 hrs/week
No compensation reported
Blake Hoffman
Director
On filings since 2019
1 hr/week
No compensation reported
Dan Lemme
Director
On filings since 2019
1 hr/week
No compensation reported
Deb Konz
Director
Director → Treasurer, 2021
Treasurer → Director, 2024
On filings since 2019
1 hr/week
No compensation reported
Kent Huisken
Director
On filings since 2019
1 hr/week
No compensation reported
Matt Jensen
Director
On filings since 2019
1 hr/week
No compensation reported
Walt Bones
Director
On filings since 2021
1 hr/week
No compensation reported
Bruce Saugstad
Director
New on the 2024 filing
1 hr/week
No compensation reported
Kurt Huisken
Vice Chair
Chairman → Director, 2020
Director → Vice Chair, 2024
On filings since 2019
1 hr/week
No compensation reported
Rob Broin
Secretary
Director → Secretary, 2021
On filings since 2019
1 hr/week
No compensation reported
Eric Kerkvliet
Treasurer
Director → Treasurer, 2024
On filings since 2022
1 hr/week
No compensation reported
Former officers (7)
- Former: Heath Oberloh (2019–2023) — Vice Chair
- Former: Jen Dejong (2019–2023) — Director
- Former: Lyle Schaap (2019–2023) — Director
- Former: Rich Merkouris (2019–2023) — President - Left
- Former: Ross Reitsma (2019–2023) — Director
- Former: Sheri Carmon (2019–2021) — Director
- Former: Doub Seebeck (2019–2020) — Director
Data from IRS Form 990 filings, 2019–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $115K, to Joseph Evenson (President).
Frequently asked questions about Kingdom Capital Fund
How much does Kingdom Capital Fund give each year?
Kingdom Capital Fund gave $429K across 13 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $84K across 3 grants.
What is Kingdom Capital Fund's typical grant size?
Kingdom Capital Fund's median grant in 2024 was $35,000, and its average grant was $32,962, across 13 grants on its 2024 IRS Form 990.
Where does Kingdom Capital Fund give grants?
Kingdom Capital Fund gives mostly in South Dakota: 80% of the grant dollars itemized on its 2024 IRS Form 990 went to recipients there. The next largest states were Tennessee (12%) and Minnesota (8%). The most frequent recipient cities were Sioux Falls, SD (10 grants).
Does Kingdom Capital Fund give general operating support?
Yes: 100% of Kingdom Capital Fund's 2024 grants with a stated purpose (13 of 13) were for general or operating support, per its 2024 IRS Form 990.
Who are Kingdom Capital Fund's largest grantees?
Kingdom Capital Fund's largest 2024 grantees include Restoration Generation ($60,000), Thehopeline ($50,000) and Lifeline Children's Services Inc ($50,000), according to its 2024 IRS Form 990. Together they received 37% of its itemized 2024 grant dollars.
How large is Kingdom Capital Fund?
Kingdom Capital Fund reported $5.3M in total assets on its 2024 IRS Form 990. Its revenue that year was $1.4M.
What does Kingdom Capital Fund fund?
The organization’s mission, as stated in its filing, is to bring people together to use their time, talent, and treasure for kingdom impact by multiplying gifts through an entrepreneurial fund and equipping people to honor God through their everyday work. See mission & focus areas ↑
How do I apply for a grant from Kingdom Capital Fund?
Kingdom Capital Fund has no public application process in the sources Grantable reviewed. Check kingdomcapitalfund.org for current guidelines, or contact the foundation directly before submitting a request.
What is Kingdom Capital Fund's EIN?
Kingdom Capital Fund's EIN (Employer Identification Number) is 26-0194811. IRS Form 990 filing data is available on this page for 2019–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2019 (received by the IRS November 13, 2020)
- Updated Form 990 for fiscal year 2020 (received by the IRS November 15, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS November 15, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 15, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 15, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 11, 2025)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Kingdom Capital Fund's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
Tenfold Foundation Inc
Sioux Falls, SD
Tenfold Foundation funds charitable organizations, schools, universities, and community groups; its 2025 grants ranged from $75 to $26,550, with a median of $2,500. Most funding goes to South Dakota, with smaller amounts going to Iowa, Alabama, and North Carolina. It gives only to preselected organizations and does not accept unsolicited requests.
Assets
$993K
Grants
25
Total Given
$124K
Sioux Falls Area Community Foundation Inc
Sioux Falls, SD
The Sioux Falls Area Community Foundation funds local charitable, educational, cultural, religious, community-development, and environmental needs, including new programs and nonprofit capacity building, primarily in the Sioux Falls area and surrounding communities. Its 2025 grants had a median of $25,000, though awards varied widely; organizations may submit a Letter of Inquiry for Community Fund Grants.
Assets
$390.9M
Grants
308
Total Given
$38.0M
Schock Foundation
Sioux Falls, SD
The Schock Foundation supports churches, Christian organizations, and other charitable groups, with 2024 giving totaling $29,800 across 14 contributions, typically around $1,000. Its 2024 grants went mainly to South Dakota, with the rest to Minnesota; it does not accept unsolicited requests and gives to organizations selected by its board.
Assets
$644K
Grants
14
Total Given
$30K
Fostering Hope
Sioux Falls, SD
Assets
—
Grants
1
Total Given
$341
Nebraska Christian Support Ministries
Lincoln, NE
Assets
$1.4M
Grants
9
Total Given
$124K
Lewan Family Foundation
Denver, CO
The Lewan Family Foundation supports Christian ministries, youth programs, and human services, with most 2023 grant dollars going to organizations in Colorado and Florida. Its grants ranged from $250 to $105,000, with a median award of $2,000. It funds only preselected organizations and does not accept unsolicited requests.
Assets
$720K
Grants
41
Total Given
$434K
More similar funders
More Funders in South Dakota
Cite this profile
Grantable. (2026). Kingdom Capital Fund funder profile. GrantGraph. Retrieved October 14, 2026, from https://grantable.co/funders/kingdom-capital-fund-morg_b95148a4231e48ddbb24e696b1ff2c23
BibTeX
@misc{grantable_260194811_2026,
author = {{Grantable}},
title = {{Kingdom Capital Fund funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/kingdom-capital-fund-morg_b95148a4231e48ddbb24e696b1ff2c23},
note = {Accessed 2026-10-14. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Kingdom Capital Fund's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Kingdom Capital Fund down — hundreds of funders to go?