David And Gisela King Foundation Inc
- Assets
- $808.7k
- Revenue
- $30.7k
- Investments
- $799.4k
- Employees
- 0
- Location
- Garden City, NY
- Founding
- 03/1998
- Data as of
- 12/2022
- EIN
- 11-3410706
Organization Overview
David And Gisela King Foundation Inc is located in Garden City, NY. The organization was established in 1998. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. David And Gisela King Foundation Inc 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, David And Gisela King Foundation Inc generated $30.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $4.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bradley D King President | 5 | $0 | |
Rochelle B King Vice President | 5 | $0 | |
Matthew B King Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $30,200 |
| Interest on Savings | $10 |
| Dividends & Interest | $383 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $107 |
| Capital Gain Net Income | $107 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $30,700 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $540 |
| Total operating and administrative expenses | $4,540 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $4,540 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $9,249 |
| 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 | $782,833 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $808,658 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $14,000 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $14,000 |
Grants Awarded
Over the last fiscal year, David And Gisela King Foundation Inc has awarded $50,550 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MEDICAL MISSION INTERNATIONAL PURPOSE: PROVIDES MEDICAL AND SURGICAL CARE IN UNDER-SERVED REGIONS WITH LIMITED ACCESS TO HEALTH CARE SERVICES. | $50,000 |
GUITAR MASH PURPOSE: SUPPORT GUITAR MASH OUTREACH AND FREE MUSICAL PROGRAMMING FOR TEENS IN NEW YORK CITY. | $550 |