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Nonprofiteer
← RICKY KING FOUNDATION INC

Form 990 for tax year 2023

Filed by RICKY KING FOUNDATION INC.

Totals

Total revenue
$71,684
Total expenses
$107,575
Contributions and grants received
$46,782
Grants paid
$67,498
Program service revenue
$0
Investment income
$24,902
Other revenue
$0
Total assets, end of year
$1,058,635
Total liabilities, end of year
$661
Net assets or fund balances, end of year
$1,057,974
Program services expenses (Part IX)
$103,209
Management and general expenses
$2,451
Fundraising expenses
$1,915
Program service expenses (Part III)
$103,209

Program services were 95.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $18,712

  • 1f · All other contributions, gifts and grants

    $28,070

  • 3 · Investment income

    total $24,902 · related or exempt $24,902

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $18,712

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $67,498 · program services $67,498

  • 5 · Compensation of officers, directors and key employees

    total $25,986 · program services $23,388 · management and general $1,299 · fundraising $1,299

  • 10 · Payroll taxes

    total $1,987 · program services $1,789 · management and general $99 · fundraising $99

  • 11c · Fees: accounting

    total $3,551 · program services $3,195 · management and general $178 · fundraising $178

  • 11g · Fees: other

    total $297 · program services $297

  • 12 · Advertising and promotion

    total $263 · program services $214 · management and general $12 · fundraising $37

  • 13 · Office expenses

    total $1,174 · program services $1,056 · management and general $59 · fundraising $59

  • 24a · Other expenses: Tracking Software

    total $2,265 · program services $2,039 · management and general $113 · fundraising $113

  • 24b · Other expenses: Computer Software & Mai

    total $1,748 · program services $1,648 · management and general $50 · fundraising $50

  • 24c · Other expenses: Bank Charges

    total $775 · program services $380 · management and general $395

  • 24d · Other expenses: Website

    total $449 · program services $265 · management and general $169 · fundraising $15

  • 24e · All other expenses

    total $1,582 · program services $1,440 · management and general $77 · fundraising $65

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $402,666 · end of year $434,913

  • 2 · Savings and temporary cash investments

    beginning of year $627,141 · end of year $558,992

  • 12 · Investments: other securities

    beginning of year $64,730 · end of year $64,730

  • 25 · Other liabilities

    beginning of year $675 · end of year $661

  • 27 · Net assets without donor restrictions

    beginning of year $1,093,862 · end of year $1,057,974

Mission and programs · 2023

Mission

The Ricky King Foundation's specific purpose is to provide medical treatment and related services to children and adolescents whose parents or guardians cannot afford or otherwise provide said medical services.

  • Provided medical equipment and services to disadvantaged children in the area from the proceeds of fundraising events contributions.

    Expenses $103,209 · Grants $67,498

As filed on the 2023 return.

Listed in Part VII

  • Heather Tice

    President

    Total calculated
    $0
    Hours/week
    0
  • Jennifer Weidenbruch

    Executive Director

    Total calculated
    $0
    Hours/week
    20
  • Cynthia Bennet

    Treasurer

    Total calculated
    $0
    Hours/week
    0
  • Daniel Weidenbruch

    Vice-President

    Total calculated
    $0
    Hours/week
    0
  • Maria Eaton

    Secretary

    Total calculated
    $0
    Hours/week
    0
  • Jaime Dancer

    Officer

    Total calculated
    $0
    Hours/week
    0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
21 March 2024
IRS schema version
2023v5.0
Source object
202440819349300439

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