Forever Kings Inc
- Assets
- -$18.4k
- Revenue
- $321.3k
- Investments
- $0.0
- Employees
- 2
- Location
- Cincinnati, OH
- Founding
- 09/2019
- Data as of
- 06/2022
- EIN
- 84-2848713
Organization Overview
Forever Kings Inc is located in Cincinnati, OH. The organization was established in 2019. According to its NTEE Classification (P30) the organization is classified as: Children & Youth Services, under the broad grouping of Human Services and related organizations. As of 06/2022, Forever Kings Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Forever Kings Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SEE YOUNG MEN OF COLOR HAVE AN EQUITABLE OPPORTUNITY TO ACHIEVE PERSONAL AND PROFESSIONAL SUCCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SITE BASED MENTORING PROGRAM. 200 YOUNG MEN SERVED.
EVERY KINGS SUCCEEDS - 100 MEN SERVED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jordan Bankston Executive Director | Officer | 40 | $0 |
Damon Tyler Board Chair | Trustee | 1 | $0 |
Marti Lewis Board Treasurer | Trustee | 1 | $0 |
Stacy Cook Board Secretary | Trustee | 1 | $0 |
Naomi Madaris Member | Trustee | 1 | $0 |
Lakisa Scruggs Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $306,341 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $306,341 |
| Total Program Service Revenue | $14,927 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $321,268 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $382 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $110,309 |
| Compensation of current officers, directors, key employees. | $110,309 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,348 |
| Payroll taxes | $16,007 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,530 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $814 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,852 |
| Office expenses | $15,843 |
| Information technology | $4,500 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,440 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,884 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,691 |
| All other expenses | $20,460 |
| Total functional expenses | $328,110 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$18,407 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | -$18,407 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | -$18,407 |
| Total liabilities and net assets/fund balances | -$18,407 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Forever Kings Inc has recieved totaling $111,602.
| Awarding Organization | Amount |
|---|---|
Carol Ann And Ralph V Haile Jr Foundation Cincinnati, OH PURPOSE: KEY STAFFING SUPPORT | $62,000 |
United Way Of Greater Cincinnati Cincinnati, OH PURPOSE: Program Operating Cost | $25,000 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $14,602 |
7 Principles Foundation Inc Cincinnati, OH PURPOSE: ANNUAL FUND | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Youth Advocate Programs Inc Harrisburg, PA | $43,486,321 | $83,502,845 |
Pressley Ridge Pittsburgh, PA | $38,238,031 | $71,658,870 |
Home Of The Innocents Louisville, KY | $65,936,373 | $44,982,651 |
Cen Clear Child Services Inc Bigler, PA | $37,896,823 | $46,371,911 |
Adelphoi Village Inc Latrobe, PA | $22,442,616 | $43,995,520 |
Choices Coordinated Care Solutions Inc Indianapolis, IN | $31,601,317 | $38,735,699 |
A Second Chance Inc Pittsburgh, PA | $8,840,755 | $40,388,974 |
Silver Springs Martin Luther School Plymouth Meeting, PA | $35,019,600 | $42,003,118 |
Childrens Bureau Inc Indianapolis, IN | $23,244,857 | $37,565,375 |
Valley Youth House Committee Bethlehem, PA | $30,315,416 | $38,836,963 |
Integrated Services For Behavioral Health Nelsonville, OH | $33,594,068 | $34,760,134 |
West Michigan Partnership For Children Grand Rapids, MI | $24,386,715 | $26,841,903 |