King Edwards INC FY2020 filing

Tax-deductible

Towson, MD501(c)(3)Human ServicesEIN 52-2119078

Working with young people who are at risk of being institutionalized, incarcerated, and homeless

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $24K a year · 1% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Fine: 2.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $2K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$165K
24% of total assets
Looks good: liabilities are 24% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.7M
Spent
$1.6M
To programs
92%
Net assets
$511K
By yearFY2020–FY2025
Revenue
$1.7M
FY2020
Revenue by fiscal year
FY2020$1.7M
FY2021$2.0M
FY2022$1.6M
FY2023$2.0M
FY2024$1.8M
FY2025$1.6M
Expenses
$1.6M
FY2020
Expenses by fiscal year
FY2020$1.6M
FY2021$1.7M
FY2022$1.7M
FY2023$1.8M
FY2024$2.0M
FY2025$1.8M
Net assets
$511K
FY2020
Net assets by fiscal year
FY2020$511K
FY2021$842K
FY2022$792K
FY2023$927K
FY2024$764K
FY2025$578K

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2003.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $1.5M Management & general 8% · $130K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Katrina Clayton’s $138K as Executive Director is at the 66th percentile of top reported officer pay among 3869 $1–10M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Helps young people avoid institutions, jail, and homelessness.

Provided by the organization

This section is blank until King Edwards INC claims this page.

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1 program service, described in the organization's own filed words · FY2019.
01

Working with special needs youngsters who are at risk of being institutionalized, incarcerated, or homeless.

Pt IX · col B

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$2K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$1.7M
Ln 12
Gifts and grantsLn 1h$1.7M
Fees for servicesLn 2g$23K
Investment incomeLn 3$188
Money outPt IX
$1.6M
Ln 25
Programscol B$1.5M
Managementcol C$130K
Owns and owesPt X
$511K
net assets · Ln 32
Cash and savingsLn 1–2$375K
Total assetsLn 16$676K
LiabilitiesLn 26$165K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.7M
Government grantsLn 1e$1.7M
Fees for servicesLn 2g$23K
Investment incomeLn 3$188
Total revenueLn 12$1.7M
Assets in detailPt X, end of year
CashLn 1$265K
SavingsLn 2$110K
Cash and savings togetherLn 1–2$375K
Land, buildings, equipmentLn 10c$33K
Total assetsLn 16$676K
LiabilitiesLn 26$165K
Net assetsLn 32$511K
OperationsPt I, VI
EmployeesI 58
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$237K$375K
Land, buildings, equipmentLn 10c$18K$33K
Total assetsLn 16$471K$676K
LiabilitiesLn 26$34K$165K
Net assetsLn 32$437K$511K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$119K$83K$36K
Other salaries and wagesLn 7$418K$364K$54K
Other employee benefitsLn 9$80K$66K$13K
Payroll taxesLn 10$40K$33K$7K
Other fees for servicesLn 11g$41K$38K$3K
Advertising and promotionLn 12$118$118
Office expensesLn 13$8K$7K$820
OccupancyLn 16$89K$80K$9K
TravelLn 17$13K$12K$986
Depreciation, depletion and amortizationLn 22$6K$6K
InsuranceLn 23$13K$12K$1K
Other expenses (24a–d)Ln 24$771K$768K$3K
All other expensesLn 24e$4K$1K$2K
Total functional expensesLn 25$1.6M$1.5M$130K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.6M$1.8M−$186K$578K 990 PDF
FY2024 $1.8M$2.0M−$163K$764K 990 PDF
FY2023 $2.0M$1.8M$135K$927K 990 PDF
FY2022 $1.6M$1.7M−$47K$792K 990 PDF
FY2021 $2.0M$1.7M$331K$842K 990 PDF
FY2020 Viewing $1.7M$1.6M$73K$511K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (4 parts)
Part VIII · Statement of revenue $1,675,421 across 5 lines filed
VIII-1e Government grants$1,652,100
VIII-1h Total contributions, gifts and grants$1,652,100
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $23,133$23,133
VIII-3 Investment incomeRelated to mission $188$188
VIII-12 Total revenueRelated to mission $23,321$1,675,421
Part IX · Statement of functional expenses $1,602,544 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $83,432 · Management $35,700$119,132
IX-7 Other salaries and wagesPrograms $364,076 · Management $54,402$418,478
IX-9 Other employee benefitsPrograms $66,280 · Management $13,435$79,715
IX-10 Payroll taxesPrograms $32,998 · Management $6,602$39,600
IX-11g Other fees for servicesPrograms $38,012 · Management $2,785$40,797
IX-12 Advertising and promotionPrograms $118$118
IX-13 Office expensesPrograms $7,370 · Management $820$8,190
IX-16 OccupancyPrograms $80,279 · Management $8,920$89,199
IX-17 TravelPrograms $12,409 · Management $986$13,395
IX-22 Depreciation, depletion and amortizationPrograms $6,177$6,177
IX-23 InsurancePrograms $11,706 · Management $1,300$13,006
IX-24 Other expenses (24a–d)Programs $768,062 · Management $3,052$771,114
IX-24e All other expensesPrograms $1,455 · Management $2,168$3,623
IX-25 Total functional expensesPrograms $1,472,374 · Management $130,170 · Fundraising $0$1,602,544
Part X · Balance sheet $675,956 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $106,627$265,059
X-2 Savings and temporary cash investmentsStart of year $130,096$109,841
X-4 Accounts receivableStart of year $135,769$174,564
X-9 Prepaid expenses and deferred chargesStart of year $80,696$93,352
X-10c Land, buildings and equipment, netStart of year $18,252$33,140
X-16 Total assetsStart of year $471,440$675,956
X-17 Accounts payable and accrued expensesStart of year $34,315$165,330
X-26 Total liabilitiesStart of year $34,315$165,330
X-27 Net assets without donor restrictionsStart of year $303,409$326,730
X-28 Net assets with donor restrictionsStart of year $133,716$183,896
X-32 Total net assets or fund balancesStart of year $437,125$510,626
X-33 Total liabilities and net assetsStart of year $471,440$675,956
Part XI · Reconciliation of net assets $510,626 net assets at year end
XI-1 Total revenue$1,675,421
XI-2 Total expenses$1,602,544
XI-3 Revenue less expenses$72,877
XI-4 Net assets at start of year$437,125
XI-8 Prior period adjustments$624
XI-10 Net assets at end of year$510,626

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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