The King Family Foundation
- Assets
- $2.3m
- Revenue
- $143.5k
- Investments
- $2.2m
- Employees
- 0
- Location
- Oak Brook, IL
- Founding
- 03/1995
- Data as of
- 09/2022
- EIN
- 36-3991717
Organization Overview
The King Family Foundation is located in Oak Brook, IL. The organization was established in 1995. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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 Family 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 09/2022, King Family Foundation generated $143.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (45.3%) each year. All expenses for the organization totaled $61.2k during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (45.9%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, King Family Foundation has awarded 61 individual grants totaling $1,246,583. 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 |
|---|---|---|---|
Robert E King Director | 4 | $0 | |
Emily H King President | 4 | $0 | |
Lizzie King Alden Director | 0.01 | $0 | |
Robert E King Jr Vice President | 0.01 | $0 | |
Heather K Pines Director | 0.01 | $0 | |
Stanford J Goldblatt Director | 0.01 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $40,413 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $103,046 |
| Capital Gain Net Income | $103,046 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $143,459 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,825 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $933 |
| Total operating and administrative expenses | $36,193 |
| Contributions, gifts, grants paid | $25,000 |
| Total expenses and disbursements | $61,193 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $143,028 |
| 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 | $72,193 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,316,345 |
| 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, The King Family Foundation has awarded $569,500 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
AFRICAN WILDLIFE FOUNDATON PURPOSE: GENERAL OPERATIONS | $101,000 |
ACADEMY FOR URBAN SCHOOL LEADERSHIP PURPOSE: GENERAL OPERATIONS | $100,000 |
BULAMU HEALTHCARE PURPOSE: GENERAL OPERATIONS | $50,000 |
ASSOCIATION HOUSE OF CHICAGO PURPOSE: GENERAL OPERATIONS | $2,500 |
CHICAGO ZOOLOGICAL SOCIETY PURPOSE: GENERAL OPERATIONS | $10,000 |
CROW CANYON ARCHAEOLOGICAL CENTER PURPOSE: GENERAL OPERATIONS | $10,000 |