King Family Foundation Inc
- Assets
- $3.0m
- Revenue
- $381.0k
- Investments
- $3.0m
- Employees
- 0
- Location
- Lake City, SC
- Founding
- 09/2013
- Data as of
- 01/2022
- EIN
- 46-2343119
Organization Overview
King Family Foundation Inc is located in Lake City, SC. The organization was established in 2013. 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. 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 01/2022, King Family Foundation Inc generated $381.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 33.7% each year . All expenses for the organization totaled $334.6k during the year ending 01/2022. While expenses have increased by 38.1% 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 2018, King Family Foundation Inc has awarded 40 individual grants totaling $1,152,385. 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 |
|---|---|---|---|
Heyward L King Jr President / Treasurer | 0 | $0 | |
Frances King Cantey Secretary | 0 | $0 | |
William F King Vice-President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $31 |
| Dividends & Interest | $69,629 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $311,355 |
| Capital Gain Net Income | $311,355 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $381,015 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,892 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $17,638 |
| Contributions, gifts, grants paid | $317,000 |
| Total expenses and disbursements | $334,638 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,022 |
| 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 | $2,994,704 |
| 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 |
Grants Awarded
Over the last fiscal year, King Family Foundation Inc has awarded $317,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
Charleston, SC PURPOSE: A PUBLIC UNIVERSITY THAT PROVIDES A MEDICAL EDUCATION TO ITS STUDENTS AND MEDICAL CARE TO THE PUBLIC. | $260,000 |
LAKE CITY UNITED METHODIST CHURCH PURPOSE: CONTRIBUTION TO LAKE CITY UNITED METHODIST CHURCH BUILDING FUND AND OPERATING EXPENSES. | $15,000 |
LAKE CITY BAPTIST GIRLS CLUB PURPOSE: TO PROMOTE SPORTSMANSHIP AND CITIZENSHIP TO ITS MEMBERS | $10,000 |
CHEROKEE UNITED METHODIST CHURCH PURPOSE: CONTRIBUTION TO CHURCH GENERAL AND BUILDING FUND | $10,000 |
NEW BEGINNING METHODIST CHURCH PURPOSE: CONTRIBUTION TO BUIDING FUND AND OPERATING EXPENSES. | $5,000 |
LAKE CITY CEMETARY PURPOSE: CORPORATION CREATED FOR THE PERPETUAL CARE OF GROUNDS OF THE CITY CEMETERY | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The United Methodist Retirement Homes Inc Durham, NC | $351,992,425 | $85,120,969 |
The Murray & Sydell Rosenberg Foundation Inc Atlanta, GA | $5,561,714 | $74,985,544 |
Joseph B Whitehead Foundation Atlanta, GA | $148,285,590 | $58,163,845 |
Winshape Foundation Inc Atlanta, GA | $1,733,664,901 | $22,099,572 |
A Good Name Foundation Inc Atlanta, GA | $709,299,721 | $33,917,740 |
Jane Woodruff Foundation Inc Atlanta, GA | $0 | $54,999,988 |
Ups Foundation Inc Atlanta, GA | $8,317,427 | $54,799,163 |
Dogwood Health Trust Asheville, NC | $1,386,374,836 | $630,200,598 |
O Wayne Rollins Foundation Atlanta, GA | $468,654,801 | $21,609,282 |
Goizueta Foundation Inc Atlanta, GA | $444,757,286 | $34,966,270 |
The Leon Levine Foundation Charlotte, NC | $654,368,860 | $94,686,429 |
We Are Sharing Hope Sc Charleston, SC | $50,025,063 | $34,221,211 |