Lauren And Richard King Charitable Tr
- Assets
- $463.6k
- Revenue
- $58.3k
- Investments
- $434.8k
- Employees
- 0
- Location
- Sherman Oaks, CA
- Founding
- 04/2009
- Data as of
- 12/2023
- EIN
- 26-6838523
Organization Overview
Lauren And Richard King Charitable Tr is located in Sherman Oaks, CA. The organization was established in 2009. 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. Lauren And Richard King 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 12/2023, Lauren And Richard King Charitable Tr generated $58.3k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 25.6% each year . All expenses for the organization totaled $67.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Lauren And Richard King Charitable Tr has awarded 122 individual grants totaling $463,353. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Charles King Trustee | 0 | $0 | |
Lauren King Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3 |
| Dividends & Interest | $13,707 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $44,582 |
| Capital Gain Net Income | $44,582 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $58,292 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $166 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,241 |
| Total operating and administrative expenses | $5,675 |
| Contributions, gifts, grants paid | $61,767 |
| Total expenses and disbursements | $67,442 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,354 |
| Savings and temporary cash investments | $22,476 |
| 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 | $434,760 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $463,590 |
| Accounts payable and accrued expenses | $2,500 |
| 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 | $2,500 |
Grants Awarded
Over the last fiscal year, Lauren And Richard King Charitable Tr has awarded $61,767 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
THE COLLEAGUES PURPOSE: PROVIDING FUNDING TO CHILDREN'S INSTITUTE INTERNATIONAL. | $4,160 |
THE MUSIC CENTER PURPOSE: PROVIDING FUNDING TO CHAMPION THE ARTS IN LOS ANGELES FOR ALL PEOPLE. | $2,500 |
BROAD ARROW AUCTIONS LLC PURPOSE: PROVIDING FUNDING TO INDUSTRY VETERANS WHO NOT ONLY SHARE THEIR PASSION FOR CARS BUT ALSO A SHARED VISION OF BRINGING A NEW LEVEL OF SIMPLICITY, TRANSPARENCY, AND ACCOUNTABILITY WITHIN THE COLLECTOR CAR INDUSTRY. | $5,000 |
VENETIAN HERITAGE PURPOSE: PROVIDING FUNDING TO SAFEGUARD, SUPPORT AND CELEBRATE THE LEGACY OF VENETIAN ART IN ITS BROADEST SENSE. | $10,000 |
THE MUSEUM OF CONTEMPORARY ART PURPOSE: PROVIDING FUNDS TO ENGAGE ARTISTS AND AUDIENCES THROUGH AN AMBITIOUS PROGRAM OF EXHIBITIONS, COLLECTION, EDUCATION, AND PUBLICATION. | $2,000 |
STREET DREAMS FOUNDATION PURPOSE: PROVIDING FUNDING TO ENCOURAGE A GENERATION OF AT-RISK YOUTH TO BECOME EFFECTIVE LEADERS THROUGH PROGRAMS THAT FOSTER INDEPENDENCE AND RESPECT FOR OTHERS, WHILE EDUCATING AND MOTIVATING EACH CHILD TO REACH THEIR ULTIMATE POTENTIAL IN THEIR AREA OF INTEREST. | $1,000 |