King Family Foundation
- Assets
- $7.0m
- Revenue
- $3.0m
- Investments
- $6.4m
- Employees
- 0
- Location
- Salt Lake Cty, UT
- Founding
- 06/1998
- Data as of
- 12/2021
- EIN
- 84-1390525
Organization Overview
King Family Foundation is located in Salt Lake Cty, UT. The organization was established in 1998. 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. King 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 12/2021, King Family Foundation generated $3.0m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 42.0% each year . All expenses for the organization totaled $421.3k during the year ending 12/2021. While expenses have increased by 28.3% 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, King Family Foundation has awarded 107 individual grants totaling $615,600. 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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Warren P King Trustee | 1.5 | $0 | |
Florence K King Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $688 |
| Dividends & Interest | $82,902 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,884,157 |
| Capital Gain Net Income | $2,884,157 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $22,585 |
| Total Revenue | $2,990,332 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $35,053 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $26,138 |
| Total operating and administrative expenses | $61,191 |
| Contributions, gifts, grants paid | $360,100 |
| Total expenses and disbursements | $421,291 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $573,732 |
| 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 | $6,988,033 |
| 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, King Family Foundation has awarded $360,100 in support to 56 organizations.
| Grant Recipient | Amount |
|---|---|
SALVATION ARMY PURPOSE: PROGRAM SUPPORT | $25,000 |
MSI MOBILE SURGERY INTERNATIONAL PURPOSE: PROGRAM SUPPORT | $15,000 |
BOYS AND GIRLS CLUBS OF GREATER SL PURPOSE: PROGRAM SUPPORT | $15,000 |
Salt Lake City, UT PURPOSE: PROGRAM SUPPORT | $15,000 |
Salt Lake City, UT PURPOSE: PROGRAM SUPPORT | $15,000 |
CHOICE HUMANITARIAN PURPOSE: PROGRAM SUPPORT | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dr Miriam And Sheldon G Adelson Las Vegas, NV | $37,664,470 | $5,516,038 |
Moore Family Foundation Incline Village, NV | $173,909 | $5,659,701 |
Gates Family Foundation Denver, CO | $458,247,303 | $68,267,243 |
Jon And Karen Huntsman Foundation Salt Lake City, UT | $0 | $68,260,311 |
J A & Kathryn Albertson Foundation Inc Boise, ID | $0 | $34,850,275 |
Skip Viragh Foundation Inc Reno, NV | $289,471,217 | $23,635,241 |
El Pomar Foundation Colorado Springs, CO | $452,441,260 | $71,471,160 |
George S Eccles And Delores Dore Eccles Foundation Salt Lake City, UT | $0 | $176,040,595 |
Catena Foundation Carbondale, CO | $397,661,850 | $217,833,912 |
People-People-People Foundation Dated 4-19-2018 Scottsdale, AZ | $10,000,014 | $37,338,865 |
Bob And Renee Parsons Foundation Scottsdale, AZ | $28,086,912 | $26,506,603 |
Temple Hoyne Buell Foundation Denver, CO | $377,422,437 | $27,172,510 |