Stephen & Tabitha King Foundation
- Assets
- $23.1m
- Revenue
- $3.9m
- Investments
- $15.2m
- Employees
- 0
- Location
- New York, NY
- Founding
- 12/1987
- Data as of
- 12/2022
- EIN
- 13-3364647
Organization Overview
Stephen & Tabitha King Foundation is located in New York, NY. The organization was established in 1987. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stephen & Tabitha King Foundation 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 12/2022, Stephen & Tabitha King Foundation generated $3.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $5.2m during the year ending 12/2022. While expenses have increased by 8.4% 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.
Since 2014, Stephen & Tabitha King Foundation has awarded 1,034 individual grants totaling $25,046,300. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen King President/dir | 0.5 | $0 | |
Tabitha King Secretary/dir | 0.5 | $0 | |
Mark Levenfus Treasurer | 0.5 | $0 | |
Fredric M Sanders Secretary | 0.5 | $0 | |
Stephanie S Leonard Administrator | 40 | $119,795 | |
Carrie Ann Carroll-Brackly Administrator | 40 | $50,458 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,000,025 |
| Interest on Savings | $8,316 |
| Dividends & Interest | $711,415 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$785,740 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $9,933 |
| Total Revenue | $3,943,949 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $170,254 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $85,109 |
| Depreciation | $166,533 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $190,352 |
| Total operating and administrative expenses | $638,322 |
| Contributions, gifts, grants paid | $4,529,900 |
| Total expenses and disbursements | $5,168,222 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,031,026 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $3,793,151 |
| Other assets | $7,323 |
| Total assets | $23,068,687 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $21,611 |
| Total liabilities | $21,611 |
Grants Awarded
Over the last fiscal year, Stephen & Tabitha King Foundation has awarded $4,529,900 in support to 81 organizations.
| Grant Recipient | Amount |
|---|---|
ACADIA HOSPITAL PURPOSE: TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C)(3) | $1,000,000 |
ALLAGASH WILDERNESS WATERWAY FOUNDATION PURPOSE: TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C)(3) | $20,000 |
AROOSTOOK AREA AGENCY ON AGING PURPOSE: TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C)(3) | $5,000 |
AUGUSTA FOOD BANK PURPOSE: TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C)(3) | $16,000 |
BANGOR AREA HOMELESS SHELTER PURPOSE: TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C)(3) | $50,000 |
BANGOR YMCA PURPOSE: TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C)(3) | $500,000 |