Jim And Freddie King Family Foundation Inc
- Assets
- $1.3m
- Revenue
- $93.2k
- Investments
- $1.3m
- Employees
- 0
- Location
- Topsail Beach, NC
- Founding
- 06/2014
- Data as of
- 12/2022
- EIN
- 46-4384543
Organization Overview
Jim And Freddie King Family Foundation Inc is located in Topsail Beach, NC. The organization was established in 2014. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jim And Freddie 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 12/2022, Jim And Freddie King Family Foundation Inc generated $93.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.2% each year . All expenses for the organization totaled $78.6k during the year ending 12/2022. While expenses have increased by 17.9% 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.
Since 2015, Jim And Freddie King Family Foundation Inc has awarded 81 individual grants totaling $318,577. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
DIRECT CHARITABLE ACTIVITIES CONSIST OF DIRECT CONTRIBUTIONS TO QUALIFYING ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim A King Director | 0 | $0 | |
Freddie J King Director | 0 | $0 | |
Jeremy C King Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $75,000 |
| Interest on Savings | $7,511 |
| Dividends & Interest | $10,730 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $22,746 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $93,241 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $839 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,287 |
| Total operating and administrative expenses | $12,126 |
| Contributions, gifts, grants paid | $66,500 |
| Total expenses and disbursements | $78,626 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,969 |
| 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 | $1,289,959 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,299,928 |
| 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, Jim And Freddie King Family Foundation Inc has awarded $66,500 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
EMMA ANDERSON MEMORIAL CHAPEL PURPOSE: TO ASSIST WITH OPERATING EXPENDITURES | $10,000 |
CAMP OAK HILL PURPOSE: TO ASSIST WITH OPERATING EXPENDITURES | $5,500 |
BILLY GRAHAM EVANGELISTIC ASSOC PURPOSE: TO ASSIST WITH OPERATING EXPENDITURES | $7,500 |
FELLOWSHIP OF CHRISTIAN ATHLETES PURPOSE: TO ASSIST WITH OPERATING EXDPENDITURES | $1,500 |
CROSS TRAIL OUTFITTERS OF NC PURPOSE: TO ASSIST WITH OPERATING EXPENDITURES | $3,000 |
FOCUS ON THE FAMILY PURPOSE: TO ASSIST WITH OPERATING EXPENDITURES | $3,000 |