Kings Enterprises Inc

Organization Overview

Kings Enterprises Inc is located in Charlotte, NC. The organization was established in 2011. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. As of 12/2021, Kings Enterprises Inc employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kings Enterprises 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 12/2021, Kings Enterprises Inc generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.6%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO FEED THE HOMELESS AND PROVIDE A JOB TRAINING PROGRAM THROUGH A PUBLIC RESTAURANT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

VARIOUS PROGRAMS/SERVICESFEEDING PROGRAMWE FED AN AVERAGE OF 1,325 PEOPLE PER WEEK FOR A TOTAL 68,887 MEALS FOR THE YEAR. WE PROVIDED A QUALITY AND BALANCED MEAL FOR LUNCH AND DINNER. DETAILS OF THE VARIOUS PROGRAMS AND MINISTRIES SUPPORTED FOLLOW. WE FED 750 ON THANKSGIVING DAY, INVITING THEM TO BE OUR GUESTS AND EAT IN THE RESAURANT. WE PROVIDED AN AVERAGE OF 38 WEEKLY MEALS TO HICKORY GROVE HOUSING. WE SERVED AN AVERAGE OF 120 HOT DOGS EVERY FRIDAY NIGHT AS PART OF OUR STREET MININSTRY TO THE HOMELESS. WE PROVIDED 2,184 MEALS TO CHILDREN INVOLVED IN THE AFTER SCHOOL PROGRAM. WE PROVIDED 520 MEALS FOR THE YEAR TO ADOPT-A-BLOCK AND 12,064 MEALS FOR PEOPLE ATTENDING CHURCH SERVICES AND/OR BIBLE STUDY. WE PROVIDED APPROXIMATELY 18,200 MEALS FOR THE YEAR TO A BETTER WORLD AND ANOTHER 22,531 MEALS TO COVID-RELATED OUTREACH PROGRAMS. WE PROVIDED A LOCAL FOOD PANTRY AND HAVE SERVED MEALS TO OTHER LOCAL MINISTRIES AS NEEDS ARISE.THE KING'S KITCHEN RESTORATION JOB TRAINING PROGRAMAS MENTIONED IN OUR MISSION STATEMENT, THE RESTORATION PROGRAM'S GOAL IS TO TRAIN PEOPLE IN THE TRADES OF THE RESTAURANT INDUSTRY. WHAT IS UNIQUE ABOUT OUR PROGRAM FROM OTHERS IN THE AREA IS THE REAL WORLD EXPERIENCE COMBINED WITH A CHRISTIAN MINISTRY. RESTORING PLACE CHURCH AND THE CHARLOTTE MECKLENBURG DREAM CENTER UNDERWRITE THE MINISTRY FOR ALL TRAINING PROGRAMS AND BIBLE STUDIES IN ADDITION TO MENTORING THE PARTICIPANTS. THE WAGES PAID THE PARTICIPANTS FROM KING'S KITCHEN AND THE COST OF RESTAURANT MANAGEMENT IS INCLUDED IN SALARIES AND WAGES EXPENSE.NUMBER OF CLIENTS SERVED IN A YEAR:FEEDING PROGRAM - WE SERVED 68,887 MEALS THROUGH THE FEEDING PROGRAMS NOTED ABOVE.THE KING'S KITCHEN RESTORATION PROGRAM - WE ARE CURRENTLY TRAINING 1 PARTICIPANT IN OUR JOB-TRAINING PROGRAM. THE PROGRAM LASTS APPROXIMATELY A YEAR. FOUR PEOPLE WERE TRAINED IN 2021.


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Board, Officers & Key Employees

Name (title)Compensation
Jim Noble
President
$0
Berry Epley
Treasurer
$0
Jason Baker
Director
$0
Stephen Lentz
Director
$0
Charlie Brown
Director
$0
Pam Tharrington
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$7,000
Government grants $176,600
All other contributions, gifts, grants, and similar amounts not included above$334,297
Noncash contributions included in lines 1a–1f $37,629
Total Revenue from Contributions, Gifts, Grants & Similar$517,897
Total Program Service Revenue$546,024
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $100
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,064,021

Grants Recieved

Over the last fiscal year, we have identified 6 grants that Kings Enterprises Inc has recieved totaling $25,294.

Awarding OrganizationAmount
Winston-Salem Foundation

Winstonsalem, NC

PURPOSE: 1 GRANT(S) FOR VARYING PURPOSES

$15,000
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$7,974
The Duke Energy Foundation

Charlotte, NC

PURPOSE: MATCHING GIFTS

$1,145
The Duke Energy Foundation

Charlotte, NC

PURPOSE: VIBRANT ECONOMIES

$1,000
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$134
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: OPERATIONAL SUPPORT

$41
View Grant Recipient Profile

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