King Edwards Inc
- Assets
- $883.1k
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 8
- Location
- Towson, MD
- Founding
- 03/2003
- Data as of
- 06/2021
- EIN
- 52-2119078
Organization Overview
King Edwards Inc is located in Towson, MD. The organization was established in 2003. According to its NTEE Classification (P70) the organization is classified as: Residential Care & Adult Day Programs, under the broad grouping of Human Services and related organizations. As of 06/2021, King Edwards Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. King Edwards 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 06/2021, King Edwards Inc generated $2.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.5% each year. All expenses for the organization totaled $1.7m during the year ending 06/2021. While expenses have increased by 5.1% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
WORKING WITH YOUNG PEOPLE WHO ARE AT RISK OF BEING INSTITUTIONALIZED, INCARCERATED, AND HOMELESS
Describe the Organization's Program Activity:
Part 3 - Line 4a
INDEPENDENT LIVING YOUTH PROGRAM: THE PROGRAM PROVIDES RENTAL ASSISTANCE, TRAINING AND SUPPORT SERVICES TO YOUNG ADULTS AGED 18-21 WHO ARE TRANSITIONING FROM FOSTER CARE OR RESIDENTIAL GROUP CARE TO A COMMUNITY- BASED INDEPENDENT LIVING.
YOUTH PARENT PROGRAM: A SUPERVISED COMMUNITY-BASED INDEPENDENT LIVING SERVICE PROVIDED TO YOUNG MOTHERS (AND FATHERS) WITH ONE CHILD OR A PREGNANT YOUTH IN HER THIRD TRIMESTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chanel Crowder Treasurer | OfficerTrustee | $0 | |
Teriko Epps Chairman | OfficerTrustee | $0 | |
Kevin Cross Board Member | Trustee | $0 | |
Gina Jackson Board Member | Trustee | $0 | |
Garland Thomas Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,026,074 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,026,074 |
| Total Program Service Revenue | $1,718 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,027,792 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $132,760 |
| Compensation of current officers, directors, key employees. | $39,828 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $483,009 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $79,164 |
| Payroll taxes | $46,766 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $57,951 |
| Advertising and promotion | $1,098 |
| Office expenses | $7,433 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $67,870 |
| Travel | $1,518 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,177 |
| Insurance | $16,238 |
| All other expenses | $4,714 |
| Total functional expenses | $1,696,334 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $517,221 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $238,890 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $100,066 |
| Net Land, buildings, and equipment | $26,963 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $883,140 |
| Accounts payable and accrued expenses | $41,056 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $41,056 |
| Net assets without donor restrictions | $589,087 |
| Net assets with donor restrictions | $252,997 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $883,140 |
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