Basil L King Scholarship Foundation Inc
- Assets
- $5.5m
- Revenue
- $449.4k
- Investments
- $4.6m
- Employees
- 0
- Location
- Ft Pierce, FL
- Founding
- 01/1973
- Data as of
- 09/2022
- EIN
- 59-0651084
Organization Overview
Basil L King Scholarship Foundation Inc is located in Ft Pierce, FL. The organization was established in 1973. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Basil L King Scholarship 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 09/2022, Basil L King Scholarship Foundation Inc generated $449.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $295.2k during the year ending 09/2022. While expenses have increased by 2.5% 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, Basil L King Scholarship Foundation Inc has awarded 37 individual grants totaling $1,745,744. 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
SCHOLARSHIPS FOR STUDENTS PURSUING A CAREER IN THE MEDICAL PROFESSION
INDIGENT MEDICAL CARE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jimmie Anne Haisley Executive Di | 10 | $20,000 | |
Bruce Abernethy Jr Dir | 1 | $0 | |
Frank H Fee III Chairman,dir | 1 | $0 | |
Ann Decker Dir | 1 | $0 | |
Karen Ripper Dir | 1 | $0 | |
Eilean Clark Dir | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $21,874 |
| Interest on Savings | $0 |
| Dividends & Interest | $96,123 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $331,318 |
| Capital Gain Net Income | $331,318 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $51 |
| Total Revenue | $449,366 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $20,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $990 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $247 |
| Printing and publications | $0 |
| Other expenses | $1,918 |
| Total operating and administrative expenses | $68,869 |
| Contributions, gifts, grants paid | $226,354 |
| Total expenses and disbursements | $295,223 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,762 |
| Savings and temporary cash investments | $305,522 |
| 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 | $533,106 |
| Total assets | $5,475,476 |
| 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, Basil L King Scholarship Foundation Inc has awarded $226,354 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
Fort Pierce, FL PURPOSE: SCHOLARSHIP FOR MEDICAL STUDY | $51,480 |
Fort Lauderdale, FL PURPOSE: SCHOLARSHIP FOR MEDICAL STUDY | $24,000 |
TREASURE COAST HOSPICE FOUNDATION PURPOSE: DENTAL CARE FOR CHILDREN W/ FIN NEED | $21,874 |
Gainesville, FL PURPOSE: SCHOLARSHIP FOR MEDICAL STUDY | $19,500 |
Tallahassee, FL PURPOSE: SCHOLARSHIP FOR MEDICAL STUDY | $16,500 |
FLORIDA ATLANTIC UNIVERSITY PURPOSE: SCHOLARSHIP FOR MEDICAL STUDY | $8,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Georgia Goal Scholarship Program Inc Peachtree Corners, GA | $58,000,031 | $45,569,079 |
Georgia State University Athletic Association Inc Atlanta, GA | $12,025,331 | $28,251,593 |
Vinik Family Foundation Tampa, FL | $192,173,639 | $29,773,809 |
Hire Heroes Usa Alpharetta, GA | $7,840,449 | $13,205,192 |
Scholarships For Kids Inc Birmingham, AL | $21,791,162 | $14,541,038 |
Apogee Georgia School Choice Scholarship Fund Atlanta, GA | $21,549,156 | $14,581,744 |
Special Operations Warrior Foundation Tampa, FL | $175,400,415 | $16,396,122 |
Inspire Brands Foundation Inc Atlanta, GA | $11,528,068 | $11,993,911 |
Floridamakes Inc Orlando, FL | $1,478,174 | $9,967,367 |
Watson-Brown Foundation Inc Thomson, GA | $0 | $9,697,974 |
Alef Fund Inc Atlanta, GA | $10,107,377 | $6,194,898 |
Broward Education Foundation Inc Fort Lauderdale, FL | $12,469,303 | $5,256,121 |