King Philanthropies Inc
- Assets
- $678.5m
- Revenue
- $651.6m
- Investments
- $635.2m
- Employees
- 0
- Location
- Menlo Park, CA
- Founding
- 03/2016
- Data as of
- 12/2022
- EIN
- 47-3706995
Organization Overview
King Philanthropies Inc is located in Menlo Park, CA. The organization was established in 2016. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. King Philanthropies 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, King Philanthropies Inc generated $651.6m in total revenue. All expenses for the organization totaled $20.5m during the year ending 12/2022. While expenses have increased by 59.5% per year over the past 4 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert E King Trustee | 10 | $0 | |
Dorothy J King Trustee | 1 | $0 | |
Ulrico Rosales Director | 2 | $0 | |
Emily Liggett Director | 2 | $0 | |
John Brandon Director | 2 | $0 | |
George Edward Diener COO | 40 | $453,924 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Greg L Hawkins | 12/30/22 | $224,590 |
Berkner Group | 12/30/22 | $151,730 |
Moss Adams Llp | 12/30/22 | $72,332 |
Armanino | 12/30/22 | $84,585 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $674,706,319 |
| Interest on Savings | $4,488 |
| Dividends & Interest | $1,588,177 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$26,103,527 |
| Capital Gain Net Income | $14,155,420 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,417,052 |
| Total Revenue | $651,612,509 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,177,712 |
| Other employee salaries and wages | $1,399,514 |
| Pension plans, employee benefits | $491,359 |
| Interest | $14,317 |
| Taxes | $18,184 |
| Depreciation | $0 |
| Occupancy | $496,213 |
| Travel, conferences, and meetings | $377,548 |
| Printing and publications | $0 |
| Other expenses | $3,345,410 |
| Total operating and administrative expenses | $17,475,600 |
| Contributions, gifts, grants paid | $3,000,090 |
| Total expenses and disbursements | $20,475,690 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,224,461 |
| Savings and temporary cash investments | $443,191 |
| 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 | $26,792,547 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,740,049 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $619,175,325 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,111,783 |
| Total assets | $678,530,796 |
| Accounts payable and accrued expenses | $812,114 |
| Grants payable | $2,000,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $7,319,497 |
| Total liabilities | $10,131,611 |
Grants Awarded
Over the last fiscal year, King Philanthropies Inc has awarded $1,250,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BLUE VENTURES CONSERVATION PURPOSE: SUPPORTING BV'S OVERALL WORK, INCLUDING DEEPENING BV'S WORK IN EXISTING COUNTRIES, EXPAND THE MODEL TO NEW GEOGRAPHIES VIA PARTNERS (INCLUDING BAY OF BENGAL), AND ENGAGING IN INTERNATIONAL POLICY DIALOGUES. | $1,000,000 |
PARTICLES FOR HUMANITY PURPOSE: TO DESIGN AND PREPARE FOR A STUDY TO DEMONSTRATE THAT PFHVAP-FORTIFIED BOUILLON CAN PROVIDE IMPROVED VITAMIN A ABSORPTION | $250,000 |