Nonprofit · EIN 85-3433658
KING RECORDS LEGACY INC
Tax-exempt · CINCINNATI, OH 45231
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $10,000 | $12,919 | -$2,919 | $42,677 | $0 | $42,677 |
| December 31, 2023 | 990-EZ | $6,568 | $19,511 | -$12,943 | $45,596 | – | $45,596 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $10,000
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fees and payments to contractors
- $6,783
- Occupancy
- $1,745
- Printing, publications and postage
- $347
- Other expenses
- $4,044
- Program services (functional)
- $4,684
Balance sheet and other
- Total assets, start of year
- $45,596
- Total assets, end of year
- $42,677
- Total liabilities, end of year
- $0
- Net assets, end of year
- $42,677
- Cash, savings and investments
- $16,635
- Gross receipts
- $10,000
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-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kent Butts | President, Executive Director | 40 | $0 |
| Edgar Smith | Vice President | 1 | $0 |
| Patti Collins | Vice President | 1 | $0 |
| Steve Goodin | Treasurer | 1 | $0 |
| Elliot Ruther | Secretary | 1 | $0 |
| Anzora Adkins | Director | 1 | $0 |
| Yasmin Chilton | Director | 1 | $0 |
| William Collins | Director | 1 | $0 |
| Charlie Dahan | Director | 1 | $0 |
| Marvin Hawkins | Director | 1 | $0 |
| Bridget Patton | Director | 1 | $0 |
| Carl Satterwhite | Director | 1 | $0 |
| James Stallworth | Director | 1 | $0 |
| Otis Williams | Director | 1 | $0 |
| Andrew Dewitt | Director | 1 | $0 |
990-EZ for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kent Butts Executive Dir | Chairman | 40 | $8,333 |
| Edgar Smith | Vice President | 1 | $0 |
| Patti Collins | Vice President | 1 | $0 |
| Steve Goodin | Treasurer | 1 | $0 |
| Elliot Ruther | Secretary | 1 | $0 |
| Anzora Adkins | Trustee | 1 | $0 |
| Yasmin Chilton | Trustee | 1 | $0 |
| William Collins | Trustee | 1 | $0 |
| Charlie Dahan | Trustee | 1 | $0 |
| Marvin Hawkins | Trustee | 1 | $0 |
| Bridget Patton | Trustee | 1 | $0 |
| Carl Satterwhite | Trustee | 1 | $0 |
| James Stallworth | Trustee | 1 | $0 |
| Otis Williams | Trustee | 1 | $0 |
| Andrew Dewitt | Trustee | 0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 31206, CINCINNATI, OH 45231-0206
- Mailing address (990-N for 2025)
- PO Box 31206, Cincinnati OH 45231
- Principal officer (990-N for 2025)
- Steve Goodin, PO Box 31206, Cincinnati OH 45231
- Signed the 990-EZ
- Steve Goodin, Treasurer
- Return prepared by
- Daku CPA
Mission
To celebrate and elevate the living and historic legacy of King Records in all its rich musical, cultural and civil rights heritage through the preservation and relaunch of a headquartered King Records on Brewster Avenue to educate and enliven communities across the region, nation and globe, and to engage in any other lawful act or activity for which non-profits companies may be formed under Sections 1702.0 I lo 1702.99, Inclusive, of the Ohio Revised Code.
Program accomplishments
- In 2024, the King Records Legacy Foundation advanced its mission through education, preservation, and community engagement. KRL supported the Heidt Center of Excellence and the launch of the Marianne Klekamp Music Center, while also working with Withrow University High School for the second year to support ROTC scholarships for future University of Cincinnati students. The Foundation introduced a donor-led music program and hosted Music Week to celebrate King's genre-spanning influence. KRL participated in the Findlay Market Reds Opening Day Parade, drawing thousands to honor the legacy of King Records and featuring artists connected to its history. Academic partnerships with Miami University's KING Design Studio, an upper-level architecture studio, produced visioning work for the future redevelopment of the Brewster Avenue site. KRL also conducted outreach with partner organizations in Atlanta and Washington, D.C., building national awareness and strategic cultural partnerships.Expenses $4,684
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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 | 990-N on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 85-3433658
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2021
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Arts, culture and humanities (A50)
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-N for 2025 Officer: Steve Goodin | December 31, 2025 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-EZ | December 2024 | $10,000 | $12,919 | $42,677 | XML |
| 990-EZ | December 2023 | $6,568 | $19,511 | $45,596 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-N for 2021 Officer: Elliott Ruther | December 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
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 85-3433658).
Questions about KING RECORDS LEGACY INC
- What is the EIN of KING RECORDS LEGACY INC?
- The employer identification number (EIN) of KING RECORDS LEGACY INC is 85-3433658.
- Is KING RECORDS LEGACY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to KING RECORDS LEGACY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does KING RECORDS LEGACY INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of KING RECORDS LEGACY INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did KING RECORDS LEGACY INC last file with the IRS?
- The latest return in the IRS public files is the 990-N for 2025 for the year ended December 31, 2025.
- Who is the principal officer of KING RECORDS LEGACY INC?
- The 990-N for 2025 names Steve Goodin.
- Who are the officers and directors of KING RECORDS LEGACY INC?
- The 990-EZ for the year ended December 31, 2024 lists 15 people; 0 received compensation from the organization.
- How much revenue does KING RECORDS LEGACY INC have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $10,000, expenses of $12,919 and total assets of $42,677 at year end.
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