Nonprofit · EIN 26-1600569
PETER J KING FAMILY FOUNDATION
Tax-exempt · GOLDEN VALLEY, MN 55416
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $13,309,955 | $8,755,668 | $4,554,287 | $68,908,923 | $0 | $68,908,923 |
| December 31, 2023 | 990-PF | $3,234,035 | $4,313,800 | -$1,079,765 | $64,354,636 | $0 | $64,354,636 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $2,332,422
- Net gain from sales of assets
- $10,748,801
- Other income
- $228,732
Expenses
- Grants and similar amounts paid
- $6,185,490
- Compensation of officers, directors and key employees
- $12,000
- Disbursements for charitable purposes
- $6,440,325
- Excise tax on investment income
- $155,246
Balance sheet and other
- Total assets, start of year
- $64,354,636
- Total assets, end of year
- $68,908,923
- Total liabilities, end of year
- $0
- Net assets, end of year
- $68,908,923
- Fair market value of assets
- $97,209,879
- Qualifying distributions
- $6,440,325
- Net investment income
- $13,292,517
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 |
|---|---|---|---|
| JAMES C TEAL 9695 GEISLER DRIVE, EDEN PRAIRIE, MN 55347 | DIRECTOR | 1 | $4,000 |
| JAMES A WEICHERT 922 DOUGLAS ROAD, SAINT PAUL, MN 55118 | DIRECTOR | 1 | $4,000 |
| ERIC L FOTSCH 1462 CANFIELD AVENUE, ST PAUL, MN 55108 | DIRECTOR | 1 | $4,000 |
| RUSSELL S KING 701 XENIA AVENUE SOUTH SUITE 130, GOLDEN VALLEY, MN 55416 | PRESIDENT | 6 | $0 |
| STEPHEN D HIGGINS 23785 STREHLER ROAD, LORETTO, MN 55357 | SECRETARY | 2 | $0 |
990-PF for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES C TEAL 9695 GEISLER DRIVE, EDEN PRAIRIE, MN 55347 | DIRECTOR | 1 | $4,000 |
| JAMES A WEICHERT 922 DOUGLAS ROAD, SAINT PAUL, MN 55118 | DIRECTOR | 1 | $4,000 |
| ERIC L FOTSCH 1462 CANFIELD AVENUE, ST PAUL, MN 55108 | DIRECTOR | 1 | $4,000 |
| RUSSELL S KING 701 XENIA AVENUE SOUTH SUITE 130, GOLDEN VALLEY, MN 55416 | PRESIDENT | 6 | $0 |
| STEPHEN D HIGGINS 23785 STREHLER ROAD, LORETTO, MN 55357 | SECRETARY | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 701 XENIA AVE S STE 130, GOLDEN VALLEY, MN 55416-3594
- In care of
- % RUSSELL KING
- Signed the 990-PF
- STEPHEN HIGGINS, SECRETARY
- Phone
- (612) 884-0248
- Website
- PJKINGFAMILYFOUNDATION.ORG
- Return prepared by
- COPELAND BUHL & COMPANY PLLP
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
- 26-1600569
- 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
- 2008
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $68,908,923
- Income (IRS master file)
- $30,751,156
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $13,309,955 | $8,755,668 | $68,908,923 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $3,234,035 | $4,313,800 | $64,354,636 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-T | 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 26-1600569).
Questions about PETER J KING FAMILY FOUNDATION
- What is the EIN of PETER J KING FAMILY FOUNDATION?
- The employer identification number (EIN) of PETER J KING FAMILY FOUNDATION is 26-1600569.
- Is PETER J KING FAMILY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2008.
- Are donations to PETER J KING FAMILY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does PETER J KING FAMILY FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of PETER J KING FAMILY FOUNDATION 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 PETER J KING FAMILY FOUNDATION 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 PETER J KING FAMILY FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 5 people; 3 received compensation from the organization, the highest $4,000 (JAMES C TEAL, DIRECTOR).
- How much revenue does PETER J KING FAMILY FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $13,309,955, expenses of $8,755,668 and total assets of $68,908,923 at year end.
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