The Michael King Smith Foundation
- Assets
- $105.9k
- Revenue
- -$95.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Portland, OR
- Founding
- Data as of
- 12/2016
- EIN
- 20-7154740
Organization Overview
The Michael King Smith Foundation is located in Portland, OR.
For the year ending 12/2016, Michael King Smith Foundation generated -$95.7m in total revenue. All expenses for the organization totaled $2.7m during the year ending 12/2016.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2016
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESERVE AND PROTECT HISTORICAL AVIATION EQUIPMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Anderson Trustee | 0 | $0 | |
James E Ray Trustee | 0 | $0 | |
Jay Goffman Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $63,000 |
| Net Gain on Sale of Assets | -$95,741,761 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$95,678,761 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $660,161 |
| Taxes | $1,906,706 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $28,866 |
| Total operating and administrative expenses | $2,735,267 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $2,735,267 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $105,879 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $105,879 |
| 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 | $0 |
| Total liabilities | $0 |