King Family Foundation
- Assets
- $88.0k
- Revenue
- $8.2k
- Investments
- $83.8k
- Employees
- 0
- Location
- Bloomington, MN
- Founding
- 08/2001
- Data as of
- 11/2023
- EIN
- 41-6485350
Organization Overview
King Family Foundation is located in Bloomington, MN. The organization was established in 2001. 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 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 11/2023, King Family Foundation generated $8.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $10.6k during the year ending 11/2023. While expenses have increased by 4.8% per year over the past 7 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary W King Trustee | 0 | $0 | |
Lavonne E King Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $8,209 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $8,209 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $112 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $1,037 |
| Contributions, gifts, grants paid | $9,550 |
| Total expenses and disbursements | $10,587 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,201 |
| 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 | $88,016 |
| 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 Family Foundation has awarded $9,550 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
360 COMMUNITIES PURPOSE: THE GRANT SUPPORTS THE FOOD SHELF OF THE DONEE. | $3,000 |
BURNSVILLE SENIOR CENTER PURPOSE: THE GRANT SUPPORTS THE SERVICES OF THE DONEE IN PROVIDING COMMUNITY ACTIVITIES FOR SENIOR CITIZENS. | $500 |
USO PURPOSE: THE GRANT IS INTENDED TO SUPPORT THE WORK OF THE DONEE IN ITS SERVICE TO VETERANS. | $100 |
ALZHEIMER'S RESEARCH FOUNDATION PURPOSE: THE GRANT IS INTENDED TO SUPPORT THE WORK OF THE DONEE IN ITS RESEARCH AND SUPPORT OF PEOPLE WITH ALZHEIMER'S DISEASE. | $1,000 |
ALZHEIMER'S ASSOCIATION PURPOSE: THE GRANT IS INTENDED TO SUPPORT THE WORK OF THE DONEE IN ITS RESEARCH AND SUPPORT OF PEOPLE WITH ALZHEIMER'S DISEASE. | $1,500 |
MAYO CLINIC PURPOSE: THE GRANT IS INTENDED TO SUPPORT THE WORK OF THE DONEE IN THEIR RESEARCH AND FURTHERENCE OF MAJOR HEALTH PROBLEMS. | $500 |