Nonprofit · EIN 75-6052203
CARL B AND FLORENCE E KING FOUNDATION
Tax-exempt · DALLAS, TX 75206
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $10,395,897 | $6,219,726 | $4,176,171 | $90,571,744 | $1,230 | $90,570,514 |
| December 31, 2023 | 990-PF | $8,446,364 | $5,477,018 | $2,969,346 | $86,069,271 | $6,675 | $86,062,596 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $2,709,322
- Interest
- $167,068
- Net gain from sales of assets
- $1,788,373
- Other income
- $5,731,134
Expenses
- Grants and similar amounts paid
- $3,744,365
- Compensation of officers, directors and key employees
- $234,150
- Salaries, compensation and benefits (total)
- $417,625
- Disbursements for charitable purposes
- $4,422,031
- Excise tax on investment income
- $117,661
Balance sheet and other
- Total assets, start of year
- $86,069,271
- Total assets, end of year
- $90,571,744
- Total liabilities, end of year
- $1,230
- Net assets, end of year
- $90,570,514
- Fair market value of assets
- $116,157,715
- Qualifying distributions
- $4,422,031
- Net investment income
- $10,171,746
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Michelle Monse 6688 N Central Expwy Ste 275, Dallas, TX 752063949 | President | 37.5 | $234,150 | $23,415 |
| Crystal Smith 6688 N Central Expwy Ste 275, Dallas, TX 752063949 | Dir. of Acct Highest-paid employee | 30 | $120,000 | $12,000 |
| Amanda Finney 6688 N Central Expwy Ste 275, Dallas, TX 752063949 | Sr Program Officer Highest-paid employee | 37.5 | $103,950 | $10,395 |
| Joyvin Benton 6688 N Central Expwy Ste 275, Dallas, TX 752063949 | Program Officer Highest-paid employee | 37.5 | $67,292 | $6,729 |
| Amie Anderson 6688 N Central Expwy Ste 275, Dallas, TX 752063949 | Grants Admin. Highest-paid employee | 37.5 | $64,050 | $6,405 |
| Gwen Bennett 6688 N Central Expwy Ste 275, Dallas, TX 752063949 | Executive Asst Highest-paid employee | 37.5 | $62,333 | $6,233 |
| Teresa D Wilkinson 6688 N Central Expwy Ste 275, Dallas, TX 752063949 | Chairman | 1 | $0 | – |
| Libby Stephens 6688 N Central Expwy Ste 275, Dallas, TX 752063949 | Director | 1 | $0 | – |
| Mary Anne Pia Frodsham 6688 N Central Expwy Ste 275, Dallas, TX 752063949 | Director | 1 | $0 | – |
| Robert I Fernandez 6688 N Central Expwy Ste 275, Dallas, TX 752063949 | Treasurer | 1 | $0 | – |
| Michael E Phillips 6688 N Central Expwy Ste 275, Dallas, TX 752063949 | Director | 1 | $0 | – |
| Hunter Phillips 6688 N Central Expwy Ste 275, Dallas, TX 752063949 | Secretary | 1 | $0 | – |
| Randy Henderson 6688 N Central Expwy Ste 275, Dallas, TX 752063949 | Director | 1 | $0 | – |
| Regan Gruber Moffitt 6688 N Central Expwy Ste 275, Dallas, TX 752063949 | Director | 1 | $0 | – |
| Easley B Waggoner 6688 N Central Expwy Ste 275, Dallas, TX 752063949 | Director | 1 | $0 | – |
990-PF for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Michelle Monse 6688 N Central Expwy Ste 275, Dallas, TX 752063949 | President | 37.5 | $223,000 | $24,030 |
| Crystal Smith 6688 N Central Expwy Ste 275, Dallas, TX 752063949 | Dir. of Acct Highest-paid employee | 30 | $103,000 | $10,300 |
| Amanda Finney 6688 N Central Expwy Ste 275, Dallas, TX 752063949 | Program Officer Highest-paid employee | 37.5 | $99,000 | $9,900 |
| Amie Morgan 6688 N Central Expwy Ste 275, Dallas, TX 752063949 | Program Associate Highest-paid employee | 37.5 | $61,000 | $6,100 |
| Teresa D Wilkinson 6688 N Central Expwy Ste 275, Dallas, TX 752063949 | Chairman | 1 | $0 | – |
| Libby Campbell 6688 N Central Expwy Ste 275, Dallas, TX 752063949 | Director | 1 | $0 | – |
| Ann Fielder 6688 N Central Expwy Ste 275, Dallas, TX 752063949 | Dir. Emeritus | 0 | $0 | – |
| Mary Anne Pia Frodsham 6688 N Central Expwy Ste 275, Dallas, TX 752063949 | Director | 1 | $0 | – |
| Kimberly H Evans 6688 N Central Expwy Ste 275, Dallas, TX 752063949 | Dir. Emeritus | 0 | $0 | – |
| Robert I Fernandez 6688 N Central Expwy Ste 275, Dallas, TX 752063949 | Treasurer | 1 | $0 | – |
| Michael E Phillips 6688 N Central Expwy Ste 275, Dallas, TX 752063949 | Director | 1 | $0 | – |
| Patricia A Porter 6688 N Central Expwy Ste 275, Dallas, TX 752063949 | Dir. Emeritus | 0 | $0 | – |
| Hunter Phillips 6688 N Central Expwy Ste 275, Dallas, TX 752063949 | Secretary | 1 | $0 | – |
| Randy Henderson 6688 N Central Expwy Ste 275, Dallas, TX 752063949 | Director | 1 | $0 | – |
| Regan Gruber Moffitt 6688 N Central Expwy Ste 275, Dallas, TX 752063949 | Director | 1 | $0 | – |
| Easley B Waggoner 6688 N Central Expwy Ste 275, Dallas, TX 752063949 | Director | 1 | $0 | – |
Address and contacts
- Address (IRS master file)
- 6688 N CENTRAL EXPY STE 275, DALLAS, TX 75206-3949
- Signed the 990-PF
- Kim Davis, President
- Phone
- (214) 750-1884
- Website
- www.kingfoundation.com
- Return prepared by
- Smith Jackson Boyer & Bovard PLLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 75-6052203
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1967
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $90,571,744
- Income (IRS master file)
- $20,249,079
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $10,395,897 | $6,219,726 | $90,571,744 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $8,446,364 | $5,477,018 | $86,069,271 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 75-6052203).
Questions about CARL B AND FLORENCE E KING FOUNDATION
- What is the EIN of CARL B AND FLORENCE E KING FOUNDATION?
- The employer identification number (EIN) of CARL B AND FLORENCE E KING FOUNDATION is 75-6052203.
- Is CARL B AND FLORENCE E KING FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1967.
- Are donations to CARL B AND FLORENCE E KING FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does CARL B AND FLORENCE E KING FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of CARL B AND FLORENCE E KING FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CARL B AND FLORENCE E KING FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of CARL B AND FLORENCE E KING FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 15 people; 6 received compensation from the organization, the highest $234,150 (Michelle Monse, President).
- How much revenue does CARL B AND FLORENCE E KING FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $10,395,897, expenses of $6,219,726 and total assets of $90,571,744 at year end.
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