philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

King Team Foundation FY2024 filing

Tax-deductible

Anniston, AL501(c)(3)Foundations & GrantmakersEIN 99-0591480Revenue $46K in FY2024

On file with the IRSkingteamfoundation.org1530 Hillyer Robinson Industrial Pk, 36207-6759 · Anniston, ALTax-exempt since Apr 2024Publicly supported charity — 170(b)(1)(A)(vi)

This page gets seen. Tell your story. Claim this org.

Our purpose is simple yet profound: to enrich lives and inspire change. We understand that every action, every gesture, has the potential to make a difference. Whether it's lending a helping hand to a neighbor in need, championing local causes, or collaborating with community partners, our actions are a testament to our dedication.

501(c)(3) charity; gifts are tax-deductible.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

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
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
2 of 3
filings with a surplus
Average surplus $383 a year · 1% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.7 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% 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
$46K
Spent
$44K
To programs
0%
Net assets
$3K
By yearFY2023–FY2025
Revenue
$46K
FY2024
Tap a bar for its year
Revenue by fiscal year
FY2023$0
FY2024$46K
FY2025$32K
Expenses
$44K
FY2024
Tap a bar for its year
Expenses by fiscal year
FY2023$0
FY2024$44K
FY2025$33K
Net assets
$3K
FY2024
Tap a bar for its year
Net assets by fiscal year
FY2023$0
FY2024$3K
FY2025$1K

From the FY2024 Form 990 · see the original

Give Claim
You’re viewing the FY2024 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 Apr 2024.

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

Where the money goes

What each dollar paid for.

Management & general 3% · $1K Fundraising 97% · $42K

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

Something off? The org can add a note here. Claim this org to fix it.

Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Freeman Fite
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Gina Jackson
Director
$0Pt VII · Sec A
Chelsea King
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See King Team Foundation executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Claim this org to fix it.

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

Enriching lives and inspiring change through helpful actions and community partnerships.

Questions for King Team Foundation

Tap to ask. King Team Foundation sees how many people are interested.

Your first name shows with your question. King Team Foundation answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

1 program · in their own filed words · FY2024
01

Community outreach

Pt IX · col B

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$46K
Ln 12
Other incomeLn 4–11$24K
Gifts and grantsLn 1h$22K
Money outPt IX
$44K
Ln 25
Managementcol C$1K
Fundraisingcol D$42K
Owns and owesPt X
$3K
net assets · Ln 32
Cash and savingsLn 1–2$3K
Total assetsLn 16$3K
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$22K
Fundraising eventsLn 1c$22K
Other incomeLn 4–11$24K
Total revenueLn 12$46K
Assets in detailPt X, end of year
CashLn 1$3K
Cash and savings togetherLn 1–2$3K
Total assetsLn 16$3K
LiabilitiesLn 26$0
Net assetsLn 32$3K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$3K
Total assetsLn 16$0$3K
LiabilitiesLn 26$0$0
Net assetsLn 32$0$3K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$735$735
Other fees for servicesLn 11g$2K$2K
Advertising and promotionLn 12$6K$6K
Office expensesLn 13$633$633
Other expenses (24a–d)Ln 24$34K$34K
Total functional expensesLn 25$44K$0$1K$42K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $32K$33K−$1K$1K 990 PDF
FY2024 Viewing $46K$44K$3K$3K 990 PDF
FY2023 $0$0$0$0 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 FY2024 990 (6 parts)
Part I · Summary $46,169 revenue, 12 lines filed
I-8 Contributions and grants$22,254
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$23,915
I-12 Total revenue$46,169
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$43,543
I-18 Total expenses$43,543
I-19 Revenue less expenses$2,626
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $46,169 across 4 lines filed
VIII-1c Fundraising events$22,254
VIII-1h Total contributions, gifts and grants$22,254
VIII-8 Net income from fundraising eventsExcluded from tax $23,915$23,915
VIII-12 Total revenueExcluded from tax $23,915$46,169
Part IX · Statement of functional expenses $43,543 across 5 lines filed
IX-11c Accounting feesManagement $735$735
IX-11g Other fees for servicesFundraising $2,450$2,450
IX-12 Advertising and promotionFundraising $6,225$6,225
IX-13 Office expensesManagement $633$633
IX-24 Other expenses (24a–d)Fundraising $33,500$33,500
IX-25 Total functional expensesPrograms $0 · Management $1,368 · Fundraising $42,175$43,543
Part X · Balance sheet $2,626 assets, 6 lines filed
X-1 Cash, non-interest-bearing$2,626
X-16 Total assetsStart of year $0$2,626
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictions$2,626
X-32 Total net assets or fund balancesStart of year $0$2,626
X-33 Total liabilities and net assetsStart of year $0$2,626
Part XI · Reconciliation of net assets $2,626 net assets at year end
XI-1 Total revenue$46,169
XI-2 Total expenses$43,543
XI-3 Revenue less expenses$2,626
XI-10 Net assets at end of year$2,626

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

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.