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Nonprofiteer
← KING STREET CENTER INC

Form 990 for tax year 2024

Filed by KING STREET CENTER INC.

Totals

Total revenue
$2,866,993
Total expenses
$2,709,154
Contributions and grants received
$1,596,001
Grants paid
$40,000
Program service revenue
$1,224,340
Investment income
$40,373
Other revenue
$6,279
Total assets, end of year
$9,070,248
Total liabilities, end of year
$164,765
Net assets or fund balances, end of year
$8,905,483
Program services expenses (Part IX)
$2,032,981
Management and general expenses
$402,644
Fundraising expenses
$273,529
Program service expenses (Part III)
$2,032,981

Program services were 75.0% 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.

  • 1a · Federated campaigns

    $16,875

  • 1c · Fundraising events

    $71,910

  • 1f · All other contributions, gifts and grants

    $1,507,216

  • 1g · Noncash contributions included above

    $1,027

  • 2a · Program service revenue: FEES & SUBSIDIES

    total $1,055,183 · related or exempt $1,055,183

  • 2b · Program service revenue: OTHER PROGRAM SERVICE REV.

    total $169,157 · related or exempt $169,157

  • 3 · Investment income

    total $105,330 · excluded $105,330

  • 7a · Gross sales of assets other than inventory

    securities $3,122,213

  • 7b · Less cost or other basis and sales expenses

    securities $3,098,162 · other assets $89,008

  • 7c · Gain or loss

    securities $24,051 · other assets -$89,008

  • 7d · Net gain or loss

    total -$64,957 · related or exempt -$64,957

  • 8a · Fundraising events: gross income

    $14,775

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

    $71,910

  • 8b · Fundraising events: direct expenses

    $17,831

  • 8c · Net income from fundraising events

    total -$3,056

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $9,335 · related or exempt $9,335

  • 11e · Other revenue, total

    $9,335

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $40,000 · program services $40,000

  • 5 · Compensation of officers, directors and key employees

    total $133,426 · program services $80,055 · management and general $40,028 · fundraising $13,343

  • 7 · Other salaries and wages

    total $1,483,932 · program services $1,215,953 · management and general $116,734 · fundraising $151,245

  • 8 · Pension plan contributions

    total $22,650 · program services $18,920 · management and general $1,418 · fundraising $2,312

  • 9 · Other employee benefits

    total $116,490 · program services $94,852 · management and general $9,771 · fundraising $11,867

  • 10 · Payroll taxes

    total $149,077 · program services $119,651 · management and general $14,254 · fundraising $15,172

  • 11b · Fees: legal

    total $1,598 · management and general $1,598

  • 11c · Fees: accounting

    total $24,919 · management and general $24,919

  • 11f · Fees: investment management

    total $15,206 · management and general $15,206

  • 11g · Fees: other

    total $34,346 · program services $3,117 · management and general $26,138 · fundraising $5,091

  • 12 · Advertising and promotion

    total $5,834 · program services $388 · management and general $2,709 · fundraising $2,737

  • 13 · Office expenses

    total $135,643 · program services $29,557 · management and general $54,823 · fundraising $51,263

  • 16 · Occupancy

    total $104,913 · program services $93,665 · management and general $9,037 · fundraising $2,211

  • 17 · Travel

    total $7,163 · program services $4,355 · management and general $2,808

  • 19 · Conferences, conventions and meetings

    total $41,151 · program services $12,579 · management and general $18,557 · fundraising $10,015

  • 22 · Depreciation, depletion and amortization

    total $228,043 · program services $203,593 · management and general $19,643 · fundraising $4,807

  • 23 · Insurance

    total $55,443 · program services $15,833 · management and general $38,282 · fundraising $1,328

  • 24a · Other expenses: PROGRAM ACTIVITIES

    total $60,052 · program services $59,270 · management and general $167 · fundraising $615

  • 24b · Other expenses: FOOD

    total $49,268 · program services $41,193 · management and general $6,552 · fundraising $1,523

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $521,703 · end of year $603,059

  • 2 · Savings and temporary cash investments

    beginning of year $878,746 · end of year $278,806

  • 3 · Pledges and grants receivable

    beginning of year $160,136 · end of year $122,500

  • 4 · Accounts receivable

    beginning of year $123,634 · end of year $145,804

  • 10a · Land, buildings and equipment: cost or other basis

    $6,247,378

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,309,681

  • 10c · Land, buildings and equipment, net

    beginning of year $4,228,875 · end of year $3,937,697

  • 11 · Investments: publicly traded securities

    beginning of year $2,935,232 · end of year $3,924,213

  • 15 · Other assets

    beginning of year $54,940 · end of year $58,169

  • 17 · Accounts payable and accrued expenses

    beginning of year $175,236 · end of year $164,765

  • 27 · Net assets without donor restrictions

    beginning of year $8,121,552 · end of year $8,446,532

  • 28 · Net assets with donor restrictions

    beginning of year $606,478 · end of year $458,951

Mission and programs · 2024

Mission

KING STREET CENTER EMPOWERS YOUTH TO EXPLORE THEIR TALENTS AND FIND THEIR VOICE THROUGH LEARNING, PLAY, AND OPPORTUNITY.

  • EARLY EDUCATION: KING STREET CENTERS 5-STAR, HEAD START THERAPEUTIC CHILD CARE PROGRAM IS MADE UP OF THE TODDLER AND PRESCHOOL CLASSROOMS AND SERVES CHILDREN AGES EIGHTEEN MONTHS THROUGH FIVE YEARS OLD. GUIDED BY THE PILLARS OF PLAY, EQUITY, COMMUNICATION, AND HEALTH & SAFETY, THE EARLY CHILDHOOD EDUCATION PROGRAM PROVIDES OPPORTUNITIES FOR LEARNING, GROWTH, AND SUCCESS IN A POSITIVE, DEVELOPMENTALLY-APPROPRIATE ENVIRONMENT THROUGH CHILD-DIRECTED, OPEN-ENDED PLAY. THE PROGRAM EMPHASIZES SOCIAL-EMOTIONAL DEVELOPMENT, AND NURTURES CHILDRENS OWN INTERESTS AND NATURAL CURIOSITY. K-5: KING STREET CENTERS KINDERGARTEN-5TH GRADE YOUTH DEVELOPMENT PROGRAM SERVES CHILDREN AGES 5 YEARS OLD TO 10 YEARS OLD THROUGH AFTERSCHOOL AND CAMP PROGRAMS FOR 42 WEEKS OF THE YEAR. THE PROGRAM IS ROOTED IN SOCIAL- EMOTIONAL LEARNING, POSITIVE RELATIONSHIP BUILDING WITH PEERS AND ADULTS, EDUCATIONAL ENRICHMENT, RECREATION, MEETING BASIC NEEDS, COMMUNITY CONNECTION, AND EQUITABLE OPPORTUNITIES FOR CHILDREN AND THEIR FAMILIES TO FEEL A SENSE OF BELONGING. CHILDREN IN THIS PROGRAM ARE PROVIDED WITH A CARING ADULT MENTOR EACH WEEK TO WORK ON LITERACY AND PLAY EDUCATIONAL GAMES THROUGH OUR BOOK BUDDY PROGRAM. TEEN: KING STREET CENTERS TEEN PROGRAM SERVES MIDDLE AND HIGH SCHOOL YOUTH IN 6TH-12TH GRADE THROUGH AFTERSCHOOL AND CAMP PROGRAMS FOR 42 WEEKS OF THE YEAR, PROVIDING HEALTHY ACTIVITIES, EDUCATIONAL RESOURCES, COMMUNITY ENGAGEMENT, AND RISK-PREVENTION PROGRAMMING. TEENS ARE SERVED WARM MEALS DAILY. THE PRIMARY FOCUS OF THIS PROGRAM IS TO PROVIDE EXPERIENCES OUTSIDE OF THE CENTER SO THAT YOUTH CAN FIND THEIR PASSIONS, EXPLORE POTENTIAL CAREERS, AND BEGIN PLANNING FOR A LIFE BEYOND HIGH SCHOOL. THE MIDDLE SCHOOL PROGRAM PROVIDES MORE EDUCATIONAL SUPPORT AND RECREATIONAL AND COMMUNITY OUTING OPPORTUNITIES TO STUDENTS. IT ALSO INCLUDES A JOB CLUB PROGRAM WHERE YOUTH LEARN KEY SKILLS LIKE FINANCIAL LITERACY AND CUSTOMER SERVICE TO HELP PREPARE THEM FOR FUTURE JOBS. THE HIGH SCHOOL PROGRAM FEATURES AN ACADEMIC & CAREER EXPLORATION (ACE) PROGRAM EXPOSING STUDENTS TO POTENTIAL CAREER PATHS AND SUPPORTING THEM IN NAVIGATING POST-SECONDARY EDUCATION PLANS. ACE CONNECTS STUDENTS TO LOCAL BUSINESSES, ENTREPRENEURS, AND PROFESSIONALS WITH SPECIFIC SKILLS, AND OFFERS THE CHANCE TO FIND A PASSION TO PURSUE, WHILE PROVIDING A STIPEND TO PARTICIPANTS SO THEY DONT HAVE TO CHOOSE BETWEEN GETTING A PART-TIME EVENING JOB AND PLANNING FOR THEIR FUTURE. MENTOR: KING STREET CENTERS MENTOR PROGRAM FOSTERS POSITIVE RELATIONSHIP BUILDING FOR CHILDREN AND YOUTH AT EVERY STAGE OF CHILDHOOD AND ADOLESCENCE STARTING IN KINDERGARTEN THROUGH OUR COMMUNITY MENTOR, BOOK BUDDY, AND PEER MENTOR PROGRAMS. COMMUNITY MENTORS ARE ADULTS MATCHED WITH K-12 STUDENTS, AND THE BOOK BUDDY PROGRAM MATCHES K-5 STUDENTS WITH ADULTS TO READ AND PLAY EDUCATIONAL GAMES WITH EACH WEEK WHILE AT THE CENTER. THE PEER MENTOR PROGRAM MATCHES HIGH SCHOOL STUDENTS WITH K-5 CHILDREN TO MEET WITH WEEKLY AT THE CENTER.

    Expenses $2,032,981 · Grants $40,000 · Revenue $1,224,340

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

Listed in Part VII

  • Shabnam Nolan

    EXECUTIVE DI

    Total calculated
    $129,658
    From this org
    $119,829
    From related orgs
    $0
    Other
    $9,829
    Hours/week
    40

  • Eric Miller

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Premila Peters

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Jonathan Seaver

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Stephanie Winkler

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Mary Brodsky

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Luis Calderin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Chip Hart

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Leah Zeigler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rayan El-Kotob

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Chelsea Condos

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Paul Suk-Yoon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kristin Baker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ethan Bechtel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Matthew Campbell Left Nov 2024

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jason Zuliani Left March 2025

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
16 February 2026
IRS schema version
2024v5.0
Source object
202610479349301711

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