Willis And Nancy King Foundation Inc
- Assets
- $2.8m
- Revenue
- $88.1k
- Investments
- $2.7m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 11/1998
- Data as of
- 12/2023
- EIN
- 22-3556757
Organization Overview
Willis And Nancy King Foundation Inc is located in Dallas, TX. The organization was established in 1998. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Willis And Nancy 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 12/2023, Willis And Nancy King Foundation Inc generated $88.1k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $155.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Willis And Nancy King Foundation Inc has awarded 51 individual grants totaling $705,000. 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 |
|---|---|---|---|
Willis T King Jr President | 1 | $0 | |
Nancy Jane King Treasurer | 1 | $0 | |
Emily Roberts King Trustee | 1 | $0 | |
Kathleen Ryan King Trustee | 1 | $0 | |
William Walker King Trustee | 1 | $0 | |
Bank Of America N A Agent For Fiduciary | 1 | $22,629 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $75,416 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,421 |
| Capital Gain Net Income | $10,421 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,306 |
| Total Revenue | $88,143 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $22,629 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,690 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $25,569 |
| Contributions, gifts, grants paid | $130,000 |
| Total expenses and disbursements | $155,569 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,165 |
| Savings and temporary cash investments | $74,919 |
| 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 | $2,806,094 |
| 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, Willis And Nancy King Foundation Inc has awarded $130,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
SINTE GLESKA UNIVERSITY PURPOSE: SCHOLARSHIPS | $10,000 |
INTERFAITH FOOD PANTRY PURPOSE: UNRESTRICTED GENERAL | $15,000 |
MISERICORDIA HOME PURPOSE: RESIDENCE PROGRAM FOR | $15,000 |
FAMILY & CHILDRENS SERVICES PURPOSE: UNRESTRICTED GENERAL | $35,000 |
CASA OF MORRIS & SUSSEX PURPOSE: ADVOCACY FOR YOUTH IN | $5,000 |
REBUILDING TOGETHER PURPOSE: HOUSING PROGRAMS | $15,000 |