King Family Foundation
- Assets
- $4.2m
- Revenue
- $205.4k
- Investments
- $3.9m
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 03/1998
- Data as of
- 12/2023
- EIN
- 56-2029682
Organization Overview
King Family Foundation is located in Charlotte, NC. The organization was established in 1998. 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 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 12/2023, King Family Foundation generated $205.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (20.4%) each year. All expenses for the organization totaled $297.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, King Family Foundation has awarded 112 individual grants totaling $2,413,600. 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 |
|---|---|---|---|
James S King President | 0 | $0 | |
Rebecca K Goudy Vice-Preside | 0 | $0 | |
Brenda K Egnor Secretary | 0 | $0 | |
Andrew C King Treasurer | 0 | $0 | |
Cheryl Lasater Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $429 |
| Dividends & Interest | $127,628 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $77,302 |
| Capital Gain Net Income | $22,132 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $205,359 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,455 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $50 |
| Total operating and administrative expenses | $39,712 |
| Contributions, gifts, grants paid | $258,000 |
| Total expenses and disbursements | $297,712 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $296,895 |
| 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 | $4,204,806 |
| 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 has awarded $258,000 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
ALONGSIDE FAMILIES PURPOSE: GENERAL OPERATIONS | $5,000 |
ANCHOR MINISTRY PURPOSE: RECOVERY HOUSING | $5,000 |
BOY'S FARM INC PURPOSE: PATHWAY TO INDEPENDENCE | $7,500 |
CRISIS ASSISTANCE MINISTRY PURPOSE: STABILITY SERVICES | $10,000 |
CROSSNORE SCHOOL & HOME PURPOSE: GENERAL OPERATIONS | $6,000 |
GLOBAL EDUCATION MINISTRIES PURPOSE: SCHOOL PE PROGRAM | $5,000 |