Nonprofit · EIN 22-3556757
WILLIS AND NANCY KING FOUNDATION INC
Tax-exempt · DALLAS, TX 75265
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $103,669 | $187,537 | -$83,868 | $2,723,316 | $0 | $2,723,316 |
| December 31, 2023 | 990-PF | $88,143 | $155,569 | -$67,426 | $2,806,094 | $0 | $2,806,094 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $79,308
- Net gain from sales of assets
- $24,361
Expenses
- Grants and similar amounts paid
- $160,000
- Compensation of officers, directors and key employees
- $24,186
- Disbursements for charitable purposes
- $170,175
- Excise tax on investment income
- $1,215
Balance sheet and other
- Total assets, start of year
- $2,806,094
- Total assets, end of year
- $2,723,316
- Total liabilities, end of year
- $0
- Net assets, end of year
- $2,723,316
- Fair market value of assets
- $3,294,307
- Qualifying distributions
- $170,175
- Net investment income
- $103,661
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BANK OF AMERICA N A PO BOX 653067, DALLAS, TX 752653067 | AGENT FOR FIDUCIARY | 1 | $24,186 |
| WILLIS T KING JR 122 PROSPECT STREET, SUMMIT, NJ 07901 | PRESIDENT | 1 | $0 |
| NANCY JANE KING 122 PROSPECT STREET, SUMMIT, NJ 07901 | TREASURER | 1 | $0 |
| EMILY ROBERTS KING 177 SUMMIT AVE, SUMMIT, NJ 079012901 | TRUSTEE | 1 | $0 |
| KATHLEEN RYAN KING 1007 GARDEN STREET, HOBROKEN, NJ 07030 | TRUSTEE | 1 | $0 |
| WILLIAM WALKER KING 122 PROSPECT STREET, SUMMIT, NJ 07901 | TRUSTEE | 1 | $0 |
990-PF for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BANK OF AMERICA N A PO BOX 653067, DALLAS, TX 752653067 | AGENT FOR FIDUCIARY | 1 | $22,629 |
| WILLIS T KING JR 122 PROSPECT STREET, SUMMIT, NJ 07901 | PRESIDENT | 1 | $0 |
| NANCY JANE KING 122 PROSPECT STREET, SUMMIT, NJ 07901 | TREASURER | 1 | $0 |
| EMILY ROBERTS KING 177 SUMMIT AVE, SUMMIT, NJ 079012901 | TRUSTEE | 1 | $0 |
| KATHLEEN RYAN KING 1007 GARDEN STREET, HOBROKEN, NJ 07030 | TRUSTEE | 1 | $0 |
| WILLIAM WALKER KING 122 PROSPECT STREET, SUMMIT, NJ 07901 | TRUSTEE | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 653067, DALLAS, TX 75265-3067
- In care of
- % WILLIS T KING JR
- Signed the 990-PF
- NANCY KING, TRUSTEE
- Phone
- (888) 866-3275
- Return prepared by
- BANK OF AMERICA
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 22-3556757
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1998
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20Z)
- Assets (IRS master file)
- $2,723,316
- Income (IRS master file)
- $1,158,608
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $103,669 | $187,537 | $2,723,316 | IRS |
| 990-PF | December 2023 | $88,143 | $155,569 | $2,806,094 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 22-3556757).
Questions about WILLIS AND NANCY KING FOUNDATION INC
- What is the EIN of WILLIS AND NANCY KING FOUNDATION INC?
- The employer identification number (EIN) of WILLIS AND NANCY KING FOUNDATION INC is 22-3556757.
- Is WILLIS AND NANCY KING FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to WILLIS AND NANCY KING FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does WILLIS AND NANCY KING FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of WILLIS AND NANCY KING FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WILLIS AND NANCY KING FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of WILLIS AND NANCY KING FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 6 people; 1 received compensation from the organization, the highest $24,186 (BANK OF AMERICA N A, AGENT FOR FIDUCIARY).
- How much revenue does WILLIS AND NANCY KING FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $103,669, expenses of $187,537 and total assets of $2,723,316 at year end.
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