King Family Fund Trust Nect is located in Dallas, TX. The organization was established in 1970. 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 Family Fund Trust Nect 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 Fund Trust Nect generated $99.9k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 28.3% each year . All expenses for the organization totaled $118.7k during the year ending 12/2023. While expenses have increased by 3.1% 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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Bank Of America Co-Trustee | 1 | $10,989 | |
Steven Briggs Co-Trustee | 1 | $800 | |
Mr James D Asher Co-Trustee | 1 | $800 | |
Alex Clark Co Vulcan Tool Manufact Co-Trustee | 1 | $800 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
Interest on Savings | $0 |
Dividends & Interest | $41,072 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $58,846 |
Capital Gain Net Income | $58,846 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $0 |
Total Revenue | $99,918 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $13,389 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $0 |
Taxes | $1,372 |
Depreciation | $0 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $35 |
Total operating and administrative expenses | $16,746 |
Contributions, gifts, grants paid | $102,000 |
Total expenses and disbursements | $118,746 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $57,602 |
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 | $1,888,033 |
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 |