Charles K King No 3 Trust
- Assets
- $59.2m
- Revenue
- $2.3m
- Investments
- $39.3m
- Employees
- 0
- Location
- Brooklyn, OH
- Founding
- 02/1973
- Data as of
- 12/2020
- EIN
- 34-6506846
Organization Overview
Charles K King No 3 Trust is located in Brooklyn, OH. The organization was established in 1973. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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 K King No 3 Trust 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 12/2020, Charles K King No 3 Trust generated $2.3m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $1.7m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
KINGWOOD CENTER GARDENS DEVELOPS AND DISPLAYS EXEMPLARY GARDENS ON THE FORMER ESTATE OF CHARLES KELLEY KING FOR THE PLEASURE AND EDUCATION OF THE PUBLIC. AUXILLIARY ACTIVITIES AND PROGRAMS ARE OFFERED TO SUPPORT AND TO ACCENTUATE THE ENJOYMENT AND UNDERSTANDING OF THE GARDENS AND HORTICULTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brenda Nelson Development | 40 | $83,338 | |
Charles T Gleaves Former Director | 40 | $65,705 | |
Mark Hoover Horticulture | 40 | $63,471 | |
Key Bank National Assoc Trustee | 5 | $59,388 | |
Brandon Clayaton Visitor Svs | 40 | $56,002 | |
James Bolin Maintenance | 40 | $54,626 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jamison Well Drilling | 12/30/20 | $59,481 |
Studer-obringer Inc | 12/30/20 | $3,477,322 |
Great Lakes Fence Co | 12/30/20 | $185,252 |
Allelon Systems Integrations | 12/30/20 | $86,893 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $785,926 |
| Interest on Savings | $53,710 |
| Dividends & Interest | $978,663 |
| Net Rental Income | $76,375 |
| Net Gain on Sale of Assets | $19,605 |
| Capital Gain Net Income | $19,605 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $41,233 |
| Other Income | $352,685 |
| Total Revenue | $2,308,197 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $223,992 |
| Other employee salaries and wages | $873,765 |
| Pension plans, employee benefits | $139,707 |
| Interest | $0 |
| Taxes | $104,968 |
| Depreciation | $0 |
| Occupancy | $83,063 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $12,750 |
| Other expenses | $265,408 |
| Total operating and administrative expenses | $1,721,167 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,721,167 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,605 |
| Savings and temporary cash investments | $4,404,111 |
| 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 | $39,261 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $10,149,987 |
| Net Land, buildings, and equipment | $15,475,094 |
| Other assets | $0 |
| Total assets | $59,242,813 |
| Accounts payable and accrued expenses | $143,892 |
| 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 | $143,892 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Charles K King No 3 Trust has recieved totaling $48,241.
| Awarding Organization | Amount |
|---|---|
Richland County Foundation Of Mansfield Mansfield, OH PURPOSE: GENERAL SUPPORT | $42,344 |
Mightycause Charitable Foundation Marianna, FL PURPOSE: UNRESTRICTED | $5,897 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Edith L Trees Charitable Trust Pittsburgh, PA | $351,552,610 | $23,983,044 |
Mary G Stange Charitable Trust Ann Arbor, MI | $495,498 | $4,941,394 |
Stanley Frankel And Judith Frankel Support Foundation Bloomfield Hills, MI | $0 | $41,274 |
Ferris Foundation Big Rapids, MI | $118,188,680 | $12,993,679 |
William H Davis & Dorothy M Davis & William C Davis Foundation Columbus, OH | $50,622,304 | $3,999,336 |
Traditions At Mill Run Columbus, OH | $9,179,158 | $5,528,068 |
Gordon Christian Trust Grand Rapids, MI | $67,207,482 | $18,378,082 |
Yung Family Foundation The Crestview Hills, KY | $4,438,622 | $34,262 |
Lang Rachel Boyce Charitable Trust Xxx-Xx-Xxxx Youngstown, OH | $0 | $17,968 |
J M Lockhart Lockhart J M Ally Herc Pittsburgh, PA | $71,861,137 | $5,661,653 |
John R Mccune Char Trust No 9721 Pittsburgh, PA | $72,660,293 | $3,170,444 |
Stanita Foundation Greenwood, IN | $37,315,806 | $4,060,296 |