King Porter Foundation
- Assets
- $732.6k
- Revenue
- $542.2k
- Investments
- $635.3k
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- Data as of
- 12/2022
- EIN
- 86-3415101
Organization Overview
King Porter Foundation is located in Wilmington, DE. 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 Porter 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, King Porter Foundation generated $542.2k in total revenue. The organization has seen a slow decline revenue. Over the past 2 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $349.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, King Porter Foundation has awarded 17 individual grants totaling $347,224. 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 |
|---|---|---|---|
Shannon Porter Dir | 1 | $0 | |
James R Topmiller Sec, Dir | 1 | $0 | |
Patricia King Porter Topmiller Dir, Pres, Treas, Chair | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $602,590 |
| Interest on Savings | $376 |
| Dividends & Interest | $11,677 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$72,445 |
| Capital Gain Net Income | $562,136 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $542,198 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,143 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,706 |
| Total operating and administrative expenses | $23,668 |
| Contributions, gifts, grants paid | $325,500 |
| Total expenses and disbursements | $349,168 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $97,304 |
| 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 | $732,585 |
| 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 Porter Foundation has awarded $325,500 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
CANYON BIBLE CHURCH INC PURPOSE: SOUND, AUDIO, VIDEO, MOVIE PROJECTION AND RELATED USES, SYSTEM FOR CBC CHURCH USE AND PURPOSES | $7,500 |
DRAMATIC CHRISTIAN MINISTRIES PURPOSE: FOR THE 'CRUSADES' PROGRAM, EMMAUS RD RE-SHOOT PROJECT AND SHORT FILM SEED MONEY | $3,000 |
FEED NEW MEXICO KIDS INC PURPOSE: FOR 50% OF THE SALARY FOR A WORKER TO TAKE OVER COORDINATION OF FEED NM KIDS | $30,000 |
FIRST BAPTIST CHURCH PURPOSE: TO PROVIDE RELIGIOUS TRAINING AND INSTRUCTION VIA THE ARK ENCOUNTER AND CREATION MUSEUM | $7,500 |
M HUND PURPOSE: SHORT-TERM EMERGENCY ASSISTANCE GRANT | $6,500 |
MIR MINISTRIES PURPOSE: GENERAL & UNRESTRICTED | $25,000 |