King Ranch Family Trust
- Assets
- $7.1m
- Revenue
- $271.1k
- Investments
- $6.6m
- Employees
- 0
- Location
- Kingsville, TX
- Founding
- 06/1946
- Data as of
- 12/2022
- EIN
- 74-6044809
Organization Overview
King Ranch Family Trust is located in Kingsville, TX. The organization was established in 1946. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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 Ranch Family 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 12/2022, King Ranch Family Trust generated $271.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (22.3%) each year. All expenses for the organization totaled $668.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, King Ranch Family Trust has awarded 136 individual grants totaling $3,263,053. 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 |
|---|---|---|---|
Richard M Kleberg III Trustee | 1 | $0 | |
Dorothy Matz Trustee | 1 | $0 | |
Catharine Coble Jorgensen Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $75,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $170,655 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $16,092 |
| Capital Gain Net Income | $16,092 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $9,318 |
| Total Revenue | $271,065 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,341 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,133 |
| Total operating and administrative expenses | $90,462 |
| Contributions, gifts, grants paid | $577,789 |
| Total expenses and disbursements | $668,251 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $483,637 |
| Net Accounts receivable | $1,722 |
| 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 | $612,679 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $8,783 |
| Total assets | $7,087,622 |
| 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 Ranch Family Trust has awarded $577,789 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
BOY SCOUTS OF AMERICA-SOUTH TX COUN PURPOSE: OPERATIONS | $25,000 |
THE PURPLE DOOR PURPOSE: OPERATIONS | $25,000 |
FAMILY COUNSELING SERVICES PURPOSE: FBO OPERATIONS OF KINGSVILLE OFFICE | $40,000 |
KLEBERG COUNTY ADULT LITERACY PURPOSE: OPERATIONS | $18,000 |
FELLOWSHIP OF CHRISTIAN ATHLETES PURPOSE: OPERATIONS | $30,000 |
SOUTH TEXAS PUBLIC BROADCASTING PURPOSE: CHALLENGE PROGRAM | $20,000 |