King-Carpenter Foundation
- Assets
- $4.9m
- Revenue
- $2.0m
- Investments
- $3.8m
- Employees
- 0
- Location
- Albuquerque, NM
- Founding
- 06/2009
- Data as of
- 12/2023
- EIN
- 27-0244287
Organization Overview
King-Carpenter Foundation is located in Albuquerque, NM. 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. King-Carpenter 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 12/2023, King-Carpenter Foundation generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 33.1% each year . All expenses for the organization totaled $490.8k during the year ending 12/2023. While expenses have increased by 9.1% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, King-Carpenter Foundation has awarded 187 individual grants totaling $2,304,119. 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 |
|---|---|---|---|
James N King President/director | 1 | $0 | |
Ellen J King Vice Pres/director | 1 | $0 | |
Cynthia K Schultz Treasurer/director | 1 | $0 | |
Michelle E King Secretary/director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,509,290 |
| Interest on Savings | $15,037 |
| Dividends & Interest | $78,219 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $357,020 |
| Capital Gain Net Income | $1,264,250 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $213 |
| Total Revenue | $1,959,779 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,190 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $39,044 |
| Contributions, gifts, grants paid | $451,750 |
| Total expenses and disbursements | $490,794 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,077,611 |
| 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 | $4,872,492 |
| 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, King-Carpenter Foundation has awarded $451,750 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
ALBUQUERQUE ACADEMY PURPOSE: GENERAL OPERATING SUPPORT | $100,000 |
ALBUQUERQUE HEALTHCARE FOR THE HOMELESS PURPOSE: GENERAL OPERATING SUPPORT | $7,500 |
ALBUQUERQUE MEALS ON WHEELS PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
ALBUQUERQUE MUSEUM FOUNDATION PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
ALBUQUERQUE YOUTH SYMPHONY PURPOSE: GENERAL OPERATING SUPPORT | $2,000 |
ALL FAITHS CHILDREN'S ADVOCACY CENTER PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |