Charles & Lucille King Family Foundation Inc
- Assets
- $8.2m
- Revenue
- $5.3m
- Investments
- $5.2m
- Employees
- 0
- Location
- Garden City, NY
- Founding
- 12/1988
- Data as of
- 12/2022
- EIN
- 13-3489257
Organization Overview
Charles & Lucille King Family Foundation Inc is located in Garden City, NY. The organization was established in 1988. 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. Charles & Lucille King Family Foundation 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 12/2022, Charles & Lucille King Family Foundation Inc generated $5.3m in total revenue. All expenses for the organization totaled $7.2m during the year ending 12/2022. While expenses have increased by 45.3% per year over the past 8 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, Charles & Lucille King Family Foundation Inc has awarded 695 individual grants totaling $33,098,621. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eugene V Kokot President And Chair | 1 | $0 | |
M Graham Coleman Vice President | 1 | $0 | |
Deborah Sole Secretary | 1 | $0 | |
Eric Rosenthal Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,369,382 |
| Interest on Savings | $18,777 |
| Dividends & Interest | $152,084 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$276,621 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,914 |
| Total Revenue | $5,269,536 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,058 |
| Depreciation | $0 |
| Occupancy | $2,000 |
| Travel, conferences, and meetings | $5,649 |
| Printing and publications | $0 |
| Other expenses | $9,644 |
| Total operating and administrative expenses | $115,857 |
| Contributions, gifts, grants paid | $7,103,540 |
| Total expenses and disbursements | $7,219,397 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,981,024 |
| 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 | $5,226,787 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,207,811 |
| Accounts payable and accrued expenses | $15,945 |
| 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 | $115 |
| Total liabilities | $16,060 |
Grants Awarded
Over the last fiscal year, Charles & Lucille King Family Foundation Inc has awarded $7,103,540 in support to 76 organizations.
| Grant Recipient | Amount |
|---|---|
ACTORS STUDIO INC PURPOSE: AN UNRESTRICTED GRAND TO FURTHER THE DONEE'S EXEMPT PURPOSE | $100,000 |
AMERICA NUTRITION ASSOCIATION PURPOSE: AN UNRESTRICTED GRAND TO FURTHER THE DONEE'S EXEMPT PURPOSE | $200,000 |
AMERICAN SCANDINAVIAN FOUNDATION PURPOSE: AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE | $25,000 |
ATLANTIC THEATER COMPANY PURPOSE: AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE | $4,000 |
BOFFO PURPOSE: AN UNRESTRICTED GRAND TO FURTHER THE DONEE'S EXEMPT PURPOSE | $40,000 |
BREAKTHOUGH COLLABORATIVE PURPOSE: AN UNRESTRICTED GRAND TO FURTHER THE DONEE'S EXEMPT PURPOSE | $500,000 |