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Nonprofiteer
← RICKY KING FOUNDATION INC

Form 990 for tax year 2022

Filed by RICKY KING FOUNDATION INC.

Totals

Total revenue
$401,039
Total expenses
$87,685
Contributions and grants received
$414,558
Grants paid
$51,588
Program service revenue
$0
Investment income
$5,730
Other revenue
-$19,249
Total assets, end of year
$1,094,537
Total liabilities, end of year
$675
Net assets or fund balances, end of year
$1,093,862
Program services expenses (Part IX)
$82,537
Management and general expenses
$2,023
Fundraising expenses
$3,125
Program service expenses (Part III)
$82,537

Program services were 94.1% 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

    $192,186

  • 1f · All other contributions, gifts and grants

    $222,372

  • 3 · Investment income

    total $5,730 · related or exempt $5,730

  • 8a · Fundraising events: gross income

    $7,750

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

    $184,436

  • 8b · Fundraising events: direct expenses

    $26,999

  • 8c · Net income from fundraising events

    total -$19,249 · excluded -$19,249

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $51,588 · program services $51,588

  • 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 $3,076 · program services $2,475 · management and general $138 · fundraising $463

  • 12 · Advertising and promotion

    total $564 · program services $197 · management and general $11 · fundraising $356

  • 13 · Office expenses

    total $3,965 · program services $2,849 · management and general $375 · fundraising $741

  • 24a · Other expenses: Telephone

    total $370 · program services $206 · management and general $7 · fundraising $157

  • 24b · Other expenses: Bank Charges

    total $80 · program services $45 · management and general $35

  • 24c · Other expenses: Credit Card Processing

    total $69 · management and general $59 · fundraising $10

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $249,321 · end of year $402,666

  • 2 · Savings and temporary cash investments

    beginning of year $474,890 · end of year $627,141

  • 12 · Investments: other securities

    beginning of year $64,729 · end of year $64,730

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $681 · end of year $675

  • 27 · Net assets without donor restrictions

    beginning of year $788,259 · end of year $1,093,862

Mission and programs · 2022

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 $82,537 · Grants $51,588

As filed on the 2022 return.

Listed in Part VII

  • Heather Tice

    President

    Total calculated
    $0
    Hours/week
    0
  • Jennifer Weidenbruch

    Executive Director

    Total calculated
    $25,987
    From this org
    $25,987
    From related orgs
    $0
    Other
    $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
2022
Filed
21 February 2023
IRS schema version
2022v4.1
Source object
202340529349301229

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