King Family Foundation Inc
- Assets
- $2.4m
- Revenue
- $9.5k
- Investments
- $2.4m
- Employees
- 0
- Location
- Lake City, SC
- Founding
- 09/2013
- Data as of
- 01/2024
- EIN
- 46-2343119
Organization Overview
King Family Foundation Inc is located in Lake City, SC. The organization was established in 2013. 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 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 01/2024, King Family Foundation Inc generated $9.5k 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 (28.5%) each year. All expenses for the organization totaled $423.5k during the year ending 01/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, King Family Foundation Inc has awarded 72 individual grants totaling $1,943,635. 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 |
|---|---|---|---|
Heyward L King Jr President / Treasurer | 0 | $0 | |
William F King Vice-President | 0 | $0 | |
Frances King Cantey Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $864 |
| Dividends & Interest | $60,615 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$51,960 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $9,519 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,727 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $10,396 |
| Contributions, gifts, grants paid | $413,100 |
| Total expenses and disbursements | $423,496 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,971 |
| Savings and temporary cash investments | $0 |
| 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 | $2,417,992 |
| 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 Inc has awarded $413,100 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
CHEROKEE SPRINGS UNITED METHODIST CHURCH PURPOSE: CONTRIBUTION TO CHURCH GENERAL AND BUILDING FUND | $10,000 |
AMERICAN CORNERSTONE INSTITUTE PURPOSE: COMMITTED TO WORKING WITH ANYONE THAT ADVANCES FAITH LIBERTY, COMMUNITY AND LIFE | $100 |
BOYS AND GIRLS CLUB PURPOSE: YOUTH PROGRAMS | $10,000 |
FLORENCE COUNTY GAMECOCK CLUB PURPOSE: SUPPORTS USC AND CHARITABLE EVENTS IN PEE DEE AREA | $2,000 |
CITIZENS UNITED FOUNDATION PURPOSE: INFORMING AMERICA ABOUT POLICY | $1,000 |
GARNET TRUST FOUNDATION PURPOSE: SUPPORTS, PROMOTES AND ADVANCES OTHER NON-PROFITS SUCH AS THE UNITED WAY | $10,000 |