L Herbert King Jr Family Foundation
- Assets
- $1.7m
- Revenue
- $71.6k
- Investments
- $1.4m
- Employees
- 0
- Location
- Ofallon, MO
- Founding
- 02/2020
- Data as of
- 11/2023
- EIN
- 83-2682259
Organization Overview
L Herbert King Jr Family Foundation is located in Ofallon, MO. The organization was established in 2020. 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. L Herbert King Jr Family Foundation 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 11/2023, L Herbert King Jr Family Foundation generated $71.6k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 38.7% each year . All expenses for the organization totaled $99.4k during the year ending 11/2023. While expenses have increased by 4.9% per year over the past 4 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 2020, L Herbert King Jr Family Foundation has awarded 34 individual grants totaling $318,565. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $83,869 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$12,245 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $71,624 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,005 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $18,360 |
| Contributions, gifts, grants paid | $81,000 |
| Total expenses and disbursements | $99,360 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $367,612 |
| 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 | $1,243,154 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,720,547 |
| 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, L Herbert King Jr Family Foundation has awarded $81,000 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
DR PHILLIPS CENTER FOR THE PERFORMING ARTS PURPOSE: TO FURTHER THE ORGANIZATION'S OBJECTIVES | $20,000 |
ST LOUIS CHILDRENS CHOIR PURPOSE: TO FURTHER THE ORGANIZATION'S OBJECTIVES | $16,000 |
EASTER SEALS PURPOSE: TO FURTHER THE ORGANIZATION'S OBJECTIVES | $10,000 |
PEACE HAVEN ASSOCIATION PURPOSE: TO FURTHER THE ORGANIZATION'S OBJECTIVES | $5,000 |
WASHINGTON UNIVERSITY PURPOSE: TO FURTHER THE ORGANIZATION'S OBJECTIVES | $5,000 |
ALL SECURE FOUNDATION PURPOSE: TO FURTHER THE ORGANIZATION'S OBJECTIVES | $4,000 |