The Coming King Foundation
- Assets
- $2.5m
- Revenue
- $290.2k
- Investments
- $0.0
- Employees
- 6
- Location
- Kerrville, TX
- Founding
- 01/2005
- Data as of
- 12/2022
- EIN
- 20-1484002
Organization Overview
The Coming King Foundation is located in Kerrville, TX. The organization was established in 2005. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Coming King Foundation employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coming 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, Coming King Foundation generated $290.2k 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 (3.1%) each year. All expenses for the organization totaled $376.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ESTABLISH AN ART MUSEUM AND OUTDOOR SCULPTURE GARDEN FOR THE PUBLIC;TO PROVIDE EDUCATIONAL AND INSPIRATIONAL OPPORTUNITIES TO THE PUBLIC;TO PROVIDE A PLACE OF EXPRESSION OF THE VISUAL, MUSICAL AND PERFORMING ARTS. PROJECT IS STILL IN THE CONSTRUCTION PHASE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ESTABLISH AN ART MUSEUM AND OUTDOOR SCULPTURE GARDEN FOR THE PUBLIC;TO PROVIDE EDUCATIONAL AND INSPIRATIONAL OPPORTUNITIES TO THE PUBLIC;TO PROVIDE A PLACE OF EXPRESSION OF THE VISUAL, MUSICAL AND PERFORMING ARTS. PROJECT IS STILL IN THE CONSTRUCTION PHASE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debbye Meszaros Executive Director | OfficerTrustee | 35 | $26,390 |
Matt Tyykila Trustee | Trustee | 1 | $0 |
Beth Schremp Trustee | Trustee | 2 | $0 |
Ray Lang Trustee | Trustee | 3 | $0 |
Stockton Williams Trustee | Trustee | 1 | $0 |
Max Greiner Jr Founder | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $5,300 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $253,183 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $258,483 |
| Total Program Service Revenue | $0 |
| Investment income | $291 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $19,200 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $12,267 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $290,241 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $26,390 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $74,786 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,033 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,989 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,997 |
| Advertising and promotion | $15,051 |
| Office expenses | $2,455 |
| Information technology | $456 |
| Royalties | $0 |
| Occupancy | $35,655 |
| Travel | $17,653 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,352 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $134,102 |
| Insurance | $7,343 |
| All other expenses | $8,575 |
| Total functional expenses | $376,394 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,102 |
| Savings and temporary cash investments | $103,261 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,358,796 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $45 |
| Total assets | $2,463,204 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $51 |
| Total liabilities | $51 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $2,463,153 |
| Total liabilities and net assets/fund balances | $2,463,204 |