Kirk & Tara King Family Foundation Inc
- Assets
- $1.1m
- Revenue
- $22.3k
- Investments
- $1.1m
- Employees
- 0
- Location
- Sullivans Island, SC
- Founding
- 03/2018
- Data as of
- 12/2023
- EIN
- 82-4672647
Organization Overview
Kirk & Tara King Family Foundation Inc is located in Sullivans Island, SC. The organization was established in 2018. According to its NTEE Classification (D30) the organization is classified as: Wildlife Preservation & Protection, under the broad grouping of Animal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kirk & Tara 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 12/2023, Kirk & Tara King Family Foundation Inc generated $22.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $33.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PRESERVE THE WORLD'S OCEANS AND ALL MARINE LIFE FROM ANY THREATS, AND TO ADDRESS CHILDREN'S HEALTH ISSUES AND SEEKING TO IMPROVE THE LIVES OF CHILDREN AND THEIR FAMILIES IN PEDIATRIC HOSPITALS AND ANY OTHER CHILD WELFARE FACILITY. IN THE CURRENT YEAR, THE FOUNDATION MADE NO DISTRIBUTIONS TO CHARITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
W Kirkwood King President | 0 | $0 | |
Tara E King Vice Preside | 0 | $0 | |
John B Beauston Secretary/tr | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $12,846 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,484 |
| Capital Gain Net Income | $9,484 |
| Net ST Capital Gain | $100 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $22,330 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $704 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $22 |
| Total operating and administrative expenses | $8,180 |
| Contributions, gifts, grants paid | $25,100 |
| Total expenses and disbursements | $33,280 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,002 |
| 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 | $1,139,140 |
| 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, Kirk & Tara King Family Foundation Inc has awarded $27,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SOUTH CAROLINA AQUARIUM PURPOSE: EDUCATION AND CONSERVATION PROGRAMS | $25,000 |
ASHLEY HALL LOYALTY FUND PURPOSE: ENHANCE EDUCATION EXPERIENCE | $2,000 |