King Street Charitable Tr
- Assets
- $21.2m
- Revenue
- $2.8m
- Investments
- $20.4m
- Employees
- 0
- Location
- New York, NY
- Founding
- 01/2005
- Data as of
- 12/2021
- EIN
- 13-7425331
Organization Overview
King Street Charitable Tr is located in New York, NY. The organization was established in 2005. 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 Street Charitable Tr 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 12/2021, King Street Charitable Tr generated $2.8m 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 (21.2%) each year. All expenses for the organization totaled $25.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, King Street Charitable Tr has awarded 84 individual grants totaling $36,037,503. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
N/A
N/A
N/A
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian J Higgins Trustee | 1 | $0 | |
O Francis Biondi Jr Trustee | 1 | $0 | |
Jamie C Nicholls Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,476,213 |
| Capital Gain Net Income | $1,155,439 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,232,995 |
| Total Revenue | $2,759,208 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $191,165 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $750 |
| Total operating and administrative expenses | $191,915 |
| Contributions, gifts, grants paid | $25,219,477 |
| Total expenses and disbursements | $25,411,392 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $736,275 |
| 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 | $20,400,463 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $19,686 |
| Total assets | $21,156,424 |
| 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 | $8,288 |
| Total liabilities | $8,288 |
Grants Awarded
Over the last fiscal year, King Street Charitable Tr has awarded $25,219,477 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SEE LIST ATTACHED PURPOSE: GENERAL PURPOSE | $17,438,881 |
SEE LIST ATTACHED PURPOSE: GENERAL PURPOSE | $7,780,596 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
J E Barbey 8 Tenacre Foundation Pittsburgh, PA | $817,905 | $68,136,758 |
S & G Foundation albany, NY | $1,180,089,159 | $294,936,683 |
Steven & Alexandra Cohen Foundation Inc Stamford, CT | $524,605,658 | $98,007,018 |
Starr Foundation New York, NY | $1,351,331,495 | $187,314,215 |
Robertson Foundation New York, NY | $308,129,047 | $104,540,927 |
William Randolph Hearst Foundation New York, NY | $0 | $92,096,829 |
Foundation For A Just Society New York, NY | $0 | $262,120,919 |
Surdna Foundation Inc New York, NY | $0 | $71,392,126 |
Johnson & Johnson Foundation United States Inc New Brunswick, NJ | $130,108,063 | $92,858,448 |
Carson Fam Charitable Tr New York, NY | $302,357,968 | $144,716,166 |
Blavatnik Family Foundation 2020 New York, NY | $0 | $14,146 |
Henry Luce Foundation Inc New York, NY | $1,226,277,880 | $84,818,070 |