Carl B And Florence E King Foundation
- Assets
- $82.8m
- Revenue
- $7.8m
- Investments
- $70.7m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 08/1967
- Data as of
- 12/2022
- EIN
- 75-6052203
Organization Overview
Carl B And Florence E King Foundation is located in Dallas, TX. The organization was established in 1967. 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. Carl B And Florence E King 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 12/2022, Carl B And Florence E King Foundation generated $7.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (6.5%) each year. All expenses for the organization totaled $6.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
VA NORTH TEXAS HEALTH CARE SYSTEM - IN-KIND DONATION OF PUBLIC TRANSIT PASSES FOR VETERANS
PHILANTHROPY SOUTHWEST: PROGRAM SUPPORT FOR ANNUAL CONFERENCE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Monse President | 37.5 | $223,000 | |
Teresa D Wilkinson Chairman | 1 | $0 | |
Libby Campbell Director | 1 | $0 | |
Ann Fielder Dir. Emeritus | 0 | $0 | |
Mary Anne Pia Frodsham Director | 1 | $0 | |
Kimberly H Evans Dir. Emeritus | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $8,701 |
| Dividends & Interest | $1,785,239 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,527,180 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $7,483,941 |
| Total Revenue | $7,750,701 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $255,116 |
| Other employee salaries and wages | $232,973 |
| Pension plans, employee benefits | $151,267 |
| Interest | $0 |
| Taxes | $841,352 |
| Depreciation | $12,119 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $45,114 |
| Printing and publications | $1,410 |
| Other expenses | $501,317 |
| Total operating and administrative expenses | $2,174,629 |
| Contributions, gifts, grants paid | $3,807,606 |
| Total expenses and disbursements | $5,982,235 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,160,307 |
| 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 | $2,647 |
| Net Land, buildings, and equipment | $52,797 |
| Other assets | $8,930,747 |
| Total assets | $82,795,225 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $14,612 |
| 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 | $14,612 |