King Philanthropies Inc
- Assets
- $120.1m
- Revenue
- $59.6m
- Investments
- $66.0m
- Employees
- 0
- Location
- Menlo Park, CA
- Founding
- 03/2016
- Data as of
- 12/2021
- EIN
- 47-3706995
Organization Overview
King Philanthropies Inc is located in Menlo Park, CA. The organization was established in 2016. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. King Philanthropies 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, King Philanthropies Inc generated $59.6m in total revenue.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberly Jonker President And CEO | 40 | $478,965 | |
George Edward Diener COO | 40 | $382,400 | |
Beverly Watson Director, King Schol | 40 | $201,693 | |
Cindy Chen Director, King Essen | 40 | $179,831 | |
Kartick Kumar Managing Director Of | 40 | $147,083 | |
Ahana Gunderson Director Of Special | 40 | $128,300 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Greg L Hawkins | 12/30/21 | $204,099 |
Armanino | 12/30/21 | $85,310 |
Moss Adams Llp | 12/30/21 | $62,475 |
View All Vendors
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,072,632 |
| Interest on Savings | $594 |
| Dividends & Interest | $368,652 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,975,838 |
| Capital Gain Net Income | $61,307,129 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $135,540 |
| Total Revenue | $59,553,256 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $944,466 |
| Other employee salaries and wages | $1,193,854 |
| Pension plans, employee benefits | $307,305 |
| Interest | $0 |
| Taxes | $876,974 |
| Depreciation | $0 |
| Occupancy | $346,028 |
| Travel, conferences, and meetings | $39,274 |
| Printing and publications | $0 |
| Other expenses | $152,906 |
| Total operating and administrative expenses | $4,962,066 |
| Contributions, gifts, grants paid | $250,000 |
| Total expenses and disbursements | $5,212,066 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,347,129 |
| Savings and temporary cash investments | $618,032 |
| 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 | $91,764 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $40,743,644 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $25,500 |
| Total assets | $120,079,985 |
| Accounts payable and accrued expenses | $665,428 |
| Grants payable | $250,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $882,612 |
| Total liabilities | $1,798,040 |
Peer Organizations
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|---|---|---|
Woodcraft Rangers Los Angeles, CA | $7,179,034 | $18,872,695 |
Californians Dedicated To Education Foundation San Francisco, CA | $5,632,923 | $12,853,124 |
Coalition For Responsible Community Development Los Angeles, CA | $20,510,086 | $22,552,371 |
Young Community Developers San Francisco, CA | $10,175,438 | $17,514,811 |
Community Youth Center Of San Francisco San Francisco, CA | $17,880,445 | $17,282,098 |
Kupu Honolulu, HI | $10,299,309 | $11,230,476 |
Kids Unlimited Of Oregon Medford, OR | $20,008,929 | $11,933,756 |
Hunters Point Family San Francisco, CA | $3,079,045 | $12,434,856 |
Alliance For A Healthier Generation Inc Portland, OR | $19,826,978 | $16,732,492 |
Conservation Corps Of Long Beach Long Beach, CA | $9,166,980 | $11,871,279 |
We Hope East Palo Alto, CA | $4,717,112 | $7,572,079 |
San Francisco City Impact San Francisco, CA | $1,094,213 | $7,113,381 |