Royal Foundation Inc
- Assets
- $1.2m
- Revenue
- $146.7k
- Investments
- $1.2m
- Employees
- 0
- Location
- South Bay, FL
- Founding
- 03/1984
- Data as of
- 12/2021
- EIN
- 59-2363496
Organization Overview
Royal Foundation Inc is located in South Bay, FL. The organization was established in 1984. 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. Royal 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 12/2021, Royal Foundation Inc generated $146.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.0% each year . All expenses for the organization totaled $71.0k during the year ending 12/2021. While expenses have increased by 3.5% 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 2016, Royal Foundation Inc has awarded 225 individual grants totaling $333,900. 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 |
|---|---|---|---|
Roy E Burch Director | 0 | $0 | |
Anthony S Royal Director | 0 | $0 | |
Derik C Royal Director | 0 | $0 | |
Charles F Royal Director | 0 | $0 | |
Steven B Royal Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $12,672 |
| Dividends & Interest | $53,024 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $81,030 |
| Capital Gain Net Income | $81,030 |
| Net ST Capital Gain | $3,557 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $146,726 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $40 |
| Taxes | $1,479 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $429 |
| Total operating and administrative expenses | $5,495 |
| Contributions, gifts, grants paid | $65,500 |
| Total expenses and disbursements | $70,995 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,042 |
| 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 | $1,180,308 |
| 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 | $3,627 |
| Total liabilities | $3,627 |
Grants Awarded
Over the last fiscal year, Royal Foundation Inc has awarded $65,500 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
St Petersberg, FL PURPOSE: CONTINUED SUPPORT | $7,027 |
SALVATION ARMY HENDRYGLADES PURPOSE: SUPPORT | $5,856 |
FORT WALTON HIGH SCHOOL PURPOSE: SPORTS PROGRAM | $5,270 |
Mars Hill, NC PURPOSE: MARS HILL FUND | $4,099 |
Clewiston, FL PURPOSE: 2021 CONTRIBUTION | $3,514 |
WORLD HARVEST OUTREACH PURPOSE: CONTINUED FINANCIAL SUPPORT | $2,928 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fraser-Parker Foundation Atlanta, GA | $226,420,772 | $14,099,479 |
Paces Foundation Inc Smyrna, GA | $85,397,872 | $9,603,919 |
Ds Foundation Miami, FL | $183,651,055 | $1,385,395 |
The Ma-Ran Foundation Atlanta, GA | $81,838,064 | $4,938,726 |
Altec-Styslinger Foundation Inc Birmingham, AL | $128,305,509 | $25,360,360 |
Elizabeth Morse Genius Foundation Winter Park, FL | $145,557,522 | $11,233,005 |
Daniel Foundation Of Alabama Birmingham, AL | $125,925,900 | $11,135,386 |
Daniel E Offutt Iii Charitable Tr Sarasota, FL | $1,076,359 | $6,500,161 |
BBVA Foundation Birmingham, AL | $0 | $7,925,433 |
E G Watkins Family Foundation West Palm Beach, FL | $3,784,813 | $11,500,184 |
The Anita James Rosen Foundation Inc St Petersburg, FL | $5,834,282 | $31,742 |
Peterffy Foundation West Palm Beach, FL | $132,920,946 | $11,657,366 |