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Nonprofiteer
← THE KINGS FOUNDATION AMERICA INC

Form 990 for tax year 2024

Filed by THE KINGS FOUNDATION AMERICA INC.

Totals

Total revenue
$7,294,632
Total expenses
$6,559,567
Contributions and grants received
$7,313,441
Grants paid
$6,509,481
Program service revenue
$0
Investment income
$3,579
Other revenue
-$22,388
Total assets, end of year
$1,458,610
Total liabilities, end of year
$716,319
Net assets or fund balances, end of year
$742,291
Program services expenses (Part IX)
$6,509,481
Management and general expenses
$50,086
Fundraising expenses
$0
Program service expenses (Part III)
$6,509,481

Program services were 99.2% 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

    $688,880

  • 1f · All other contributions, gifts and grants

    $6,624,561

  • 1g · Noncash contributions included above

    $41,950

  • 3 · Investment income

    total $3,579 · excluded $3,579

  • 8a · Fundraising events: gross income

    $781,500

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

    $688,880

  • 8b · Fundraising events: direct expenses

    $803,888

  • 8c · Net income from fundraising events

    total -$22,388 · excluded -$22,388

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $6,509,481 · program services $6,509,481

  • 11b · Fees: legal

    total $26,445 · management and general $26,445

  • 11c · Fees: accounting

    total $15,390 · management and general $15,390

  • 23 · Insurance

    total $1,852 · management and general $1,852

  • 24a · Other expenses: BANK FEES

    total $6,399 · management and general $6,399

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $38,150 · end of year $1,333,975

  • 3 · Pledges and grants receivable

    beginning of year $105 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $124,635

  • 17 · Accounts payable and accrued expenses

    beginning of year $31,029 · end of year $47,869

  • 19 · Deferred revenue

    beginning of year $0 · end of year $668,450

  • 27 · Net assets without donor restrictions

    beginning of year -$42,774 · end of year $742,291

  • 28 · Net assets with donor restrictions

    beginning of year $50,000 · end of year $0

Mission and programs · 2024

Mission

THE KING'S FOUNDATION AMERICA PURPOSE IS TO RAISE FUNDS FROM UNITED STATES BASED PHILANTHROPISTS WHO ARE INTERESTED IN SUPPORTING THE CHARITABLE OBJECTIVES OF THE KING'S FOUNDATION, EDUCATION IN TRADITIONAL ARTS AND CRAFTS, HERITAGE LED REGENERATION AND FURTHERING COMMUNITIES.

  • THE FOUNDATION'S PURPOSE IS TO RAISE FUNDS TO FURTHER THE CHARITABLE OBJECTIVES OF THE KING'S FOUNDATION (FORMERLY THE PRINCE'S FOUNDATION). IT SUCCEEDED IN THIS OBJECTIVE BY RAISING OVER $7,300,000 OF FUNDS AND DISTRIBUTING OVER $6,500,000 OF FUNDS IN THE FINANCIAL YEAR 2024/2025. THE FOUNDATION AIMS TO FURTHER RAISE FUNDS ON AN ONGOING BASIS TO ACHIEVE ITS OBJECTIVES WHICH WILL ALSO FURTHER THE CHARITABLE OBJECTS OF THE KING'S FOUNDATION.

    Expenses $6,509,481 · Grants $6,509,481

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dame Susan Bruce

    CHAIRPERSON (UNTIL JAN. 2025)

    Total calculated
    $0
    Hours/week
    0.5 + 10 related

  • Mr Benjamin James

    VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    0.5 + 10 related

  • Mrs Emily Cherrington

    TREASURER

    Total calculated
    $197,503
    From this org
    $0
    From related orgs
    $189,907
    Other
    $7,596
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $189,907 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $7,596 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $197,503 related

  • Mr Joseph Casion

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5 + 10 related

  • Dame Ann Limb

    CHAIRPERSON (BEG. JAN. 2025)

    Total calculated
    $0
    Hours/week
    0.5 + 10 related

  • Mr Kieran Ferguson

    CHIEF FINANCIAL OFFICER

    Total calculated
    $196,199
    From this org
    $0
    From related orgs
    $188,653
    Other
    $7,546
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $188,653 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $7,546 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $196,199 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • THE KING'S FOUNDATION

    CREATING COMMUNITIES FOR A MORE SUSTAINABLE WORLD · UK

Provenance

Return type
form_990
Tax year
2024
Filed
15 August 2025
IRS schema version
2024v5.2
Source object
202522279349301127

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