The Olin B King Foundation
- Assets
- $0.0
- Revenue
- $519.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Huntsville, AL
- Founding
- 09/1998
- Data as of
- 12/2019
- EIN
- 58-6343485
Organization Overview
The Olin B King Foundation is located in Huntsville, AL. 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.
For the year ending 12/2019, Olin B King Foundation generated $519.9k in total revenue. All expenses for the organization totaled $3.1m during the year ending 12/2019. While expenses have increased by 79.3% per year over the past 5 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 2014, Olin B King Foundation has awarded 78 individual grants totaling $3,832,673. 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 |
|---|---|---|---|
Elizabeth K Smith Executive Di | 0 | $0 | |
Rosemary K Lee Trustee | 0 | $0 | |
George J King Committee Me | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $18,498 |
| Dividends & Interest | $58,320 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $441,413 |
| Capital Gain Net Income | $441,413 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,632 |
| Total Revenue | $519,863 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $957 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $24,114 |
| Contributions, gifts, grants paid | $3,124,062 |
| Total expenses and disbursements | $3,148,176 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| 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, The Olin B King Foundation has awarded $3,124,062 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
HUNTSVILLE SYMPHONY ORCHESTRA PURPOSE: GENERAL PURPOSE | $15,000 |
UA HUNTSVILLE NURSING SCHOOL PURPOSE: GENERAL PURPOSE | $15,000 |
FIRST UNITED METHODIST CHURCH PURPOSE: GENERAL PURPOSE | $20,000 |
UNIVERSITY OF NORTH GEORGIA PURPOSE: GENERAL PURPOSE | $10,000 |
HUNTSVILLE-MADISON PUBLIC LIBRARY PURPOSE: GENERAL PURPOSE | $10,000 |
VILLAGE OF PROMISE PURPOSE: GENERAL PURPOSE | $7,000 |