5kings Org
- Assets
- $27.2k
- Revenue
- $58.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Forsyth, IL
- Founding
- 08/2019
- Data as of
- 12/2023
- EIN
- 84-2449091
Organization Overview
5kings Org is located in Forsyth, IL. The organization was established in 2019. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 5kings Org 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, 5kings Org generated $58.9k in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $45.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (10.4%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, 5kings Org has awarded 27 individual grants totaling $114,319. 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 |
|---|---|---|---|
Jeffrey Ludwick President | 5 | $0 | |
James Ashby Vice-Pres | 5 | $0 | |
Matt Minder Secretary | 5 | $0 | |
Craig Wilson Treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $58,927 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $58,927 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $547 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,773 |
| Total operating and administrative expenses | $13,899 |
| Contributions, gifts, grants paid | $32,019 |
| Total expenses and disbursements | $45,918 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,155 |
| 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 | $27,155 |
| 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, 5kings Org has awarded $32,019 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
217 WHIFFLE BALL CLASSIC PURPOSE: CHARIT CONTRIB-PURPOSE STATED OF ORG | $8,400 |
BIG BROTHERS BIG SISTERS PURPOSE: CHARIT CONTRIB-PURPOSE STATED OF ORG | $6,400 |
CHILD 1ST CENTER PURPOSE: CHARIT CONTRIB-PURPOSE STATED OF ORG | $6,400 |
PAW PRINT MINISTRIES PURPOSE: CHARIT CONTRIB-PURPOSE STATED OF ORG | $6,400 |
REAL MEN WEAR PINK PURPOSE: CHARIT CONTRIB-PURPOSE STATED OF ORG | $1,519 |
THE DECATUR CLUB PURPOSE: CHARIT CONTRIB-PURPOSE STATED OF ORG | $400 |