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Will King Foundation INC

Tax-deductible

Jacksonville, FL501(c)(3)Diseases & Disorders EIN 88-2506709Revenue $54K in FY2024Latest return filed Jul 8, 2025

On file with the IRSJacksonville, FLTax-exempt since Jan 2023Publicly supported charity — 170(b)(1)(A)(vi)

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To provide financial support for children from developing countries receiving medical services, specifically heart treatment, at baptist childrens hospital in jacksonville, FL

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 88-2506709) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
66¢ of each $1 spent went to programs.
Run by 20 volunteers and 2 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average surplus $139K a year · 62% of revenue · last 2 filings
A surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
66%
of spending
66% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
36.0 mo
of spending, in cash
36.0 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $6K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
5
of 5 voting members
5 of 5 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$54K
-86% vs prior year
Spent
$99K
To programs
66%
Net assets
$296K
By yearFY2022–FY2024
Revenue
$54K
FY2024▼ -86%
Tap a bar for its year
Revenue by fiscal year
FY2022$51K
FY2023$391K
FY2024$54K
Expenses
$99K
FY2024▲ +45%
Tap a bar for its year
Expenses by fiscal year
FY2022Not on file
FY2023$68K
FY2024$99K
Net assets
$296K
FY2024▼ -13%
Tap a bar for its year
Net assets by fiscal year
FY2022$19K
FY2023$341K
FY2024$296K

From the FY2024 Form 990 · see the original

Give Follow Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2023.

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

Where the money goes

66 cents of each dollar spent went to programs.

Program services 66% · $65K Management & general 24% · $23K Fundraising 11% · $11K

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

Something off? Claim to add context

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Chris Corr
Chairman
$0Pt VII · Sec A
David McGinley
Vice Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Will King Foundation INC executive salaries →

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 15aNo

Programs and updates

Funds heart treatments for children from developing countries at a Jacksonville hospital.

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2 programs · $65K · in their own filed words · FY2024
01

Pay for heart treatment for children from developing countries

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 88-2506709) · Dispute this line
$48Kprogram expense
02

Pay for travel for the children and families of children receiving medical care in jacksonville, FL

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 88-2506709) · Dispute this line
$16Kprogram expense

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
B Charitable INCFY2024$6K
Total grants receivedfrom 1 funder$6K

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$54K
Ln 12
Gifts and grantsLn 1h$54K
Money outPt IX
$99K
Ln 25
Programscol B$65K
Managementcol C$23K
Fundraisingcol D$11K
Owns and owesPt X
$296K
net assets · Ln 32
Cash and savingsLn 1–2$296K
Total assetsLn 16$296K
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$54K
Government grantsLn 1e$54K
Total revenueLn 12$54K
Assets in detailPt X, end of year
CashLn 1$296K
Cash and savings togetherLn 1–2$296K
Total assetsLn 16$296K
LiabilitiesLn 26$0
Net assetsLn 32$296K
OperationsPt I, VI
EmployeesI 52
VolunteersI 620
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$342K$296K
Total assetsLn 16$342K$296K
LiabilitiesLn 26$454$0
Net assetsLn 32$341K$296K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$13K$13K
Payroll taxesLn 10$1K$1K
Legal feesLn 11b$750$750
Accounting feesLn 11c$800$800
Advertising and promotionLn 12$347$347
Office expensesLn 13$496$496
Other expenses (24a–d)Ln 24$82K$65K$7K$10K
Total functional expensesLn 25$99K$65K$23K$11K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Jul 8, 2025 $54K$99K−$45K$296K 990 PDF
FY2023Filed with the IRS Sep 16, 2024 $391K$68K$322K$341K 990 PDF
FY2022Filed with the IRS Oct 12, 2023 $51K$19K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2024 990
Part I · Summary $53,883 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $390,634$53,883
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $390,634$53,883
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $11,156$14,156
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $57,020$84,611
I-18 Total expensesPrior year $68,176$98,767
I-19 Revenue less expensesPrior year $322,458−$44,884
Part VI · Governance 5 of 5 board members independent, 2 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-12a Written conflict of interest policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $53,883 across 4 lines filed
VIII-1e Government grants$53,883
VIII-1h Total contributions, gifts and grants$53,883
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$53,883
Part IX · Statement of functional expenses $98,767 across 7 lines filed
IX-7 Other salaries and wagesManagement $12,923$12,923
IX-10 Payroll taxesManagement $1,233$1,233
IX-11b Legal feesManagement $750$750
IX-11c Accounting feesManagement $800$800
IX-12 Advertising and promotionFundraising $347$347
IX-13 Office expensesManagement $496$496
IX-24 Other expenses (24a–d)Programs $64,802 · Management $7,064 · Fundraising $10,352$82,218
IX-25 Total functional expensesPrograms $64,802 · Management $23,266 · Fundraising $10,699$98,767
Part X · Balance sheet $296,169 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $341,507$296,169
X-16 Total assetsStart of year $341,507$296,169
X-26 Total liabilitiesStart of year $454$0
X-27 Net assets without donor restrictionsStart of year $341,053$296,169
X-32 Total net assets or fund balancesStart of year $341,053$296,169
X-33 Total liabilities and net assetsStart of year $341,507$296,169
Part XI · Reconciliation of net assets $296,169 net assets at year end
XI-1 Total revenue$53,883
XI-2 Total expenses$98,767
XI-3 Revenue less expenses−$44,884
XI-4 Net assets at start of year$341,053
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$296,169

Form 990 e-file FY2024 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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