King-Porter Foundation
EIN 863415101 Private FoundationAbout
As explained below, the Foundation has no plans for dissolution. This statement is submitted to report the distribution of certain assets during the year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3(a)(1) and the Form 990-PF instructions: Typically, a finding of a substantial contraction of assets is made by reference to the fair market value of a foundation's net assets on the first day of its calendar year. However, the taxable year ending December 31, 2021 was the year in which the Foundation received its initial endowment and the finding of a substantial contraction in this case was made by reference to the fair market value of the Foundation's assets on the date that it received its initial endowment. Accordingly, the degree of contraction of the Foundation's net assets may have been exaggerated. During the taxable year ending December 31, 2021, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $21,724. This amount represents 25% or more of the Foundation's net assets of $49,681 (as measured by fair market value) on the day that the Foundation received its initial endowment in the Foundation's taxable year ending December 31, 2021. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XIV, Line 3a; each such grant was made solely for the charitable purpose specified therein.
Focus Areas
Application Information
Financial Trends
Giving Over Time
Total Assets Over Time
View financial data as table
| Year | Total Giving | Total Assets | Revenue | Grants |
|---|---|---|---|---|
| 2021 | $22K | $551K | $571K | 8 |
| 2022 | $326K | $645K | $542K | 9 |
| 2023 | $114K | $685K | $-2K | 20 |
| 2024 | $154K | $1.2M | $626K | 26 |
Grant Size Distribution
Based on 63 grants on record
Geographic Distribution
Texas Counties Served
Top 1 counties
- 1 Kendall
Officers & Directors
Grants Awarded (63 total)
| Purpose | ||||
|---|---|---|---|---|
| Sagebrush Community Church | Albuquerque, NM | $201,000 | M1 Capital Campaign for 7 churches in Africa | 2022 |
| Feed New Mexico Kids Inc | Albuquerque, NM | $30,000 | Salary Support for the Executive Director | 2023 |
| Feed New Mexico Kids Inc | Albuquerque, NM | $30,000 | Operational Expenses | 2024 |
| Feed New Mexico Kids Inc | Albuquerque, NM | $30,000 | For 50% of the salary for a worker to take over coordination of Feed NM Kids | 2022 |
| MIR Ministries | Boerne, TX | $25,000 | General & Unrestricted | 2022 |
| New Mexico Boys & Girls Ranches | Albuquerue, NM | $25,000 | To purchase a Commercial Walk-in Freezer unit, for Drainage and Flooding Remediation and for the RanchWorx Trades... | 2022 |
| New Mexico Dream Center | Albuquerque, NM | $20,000 | Lighthouse Fundraiser | 2022 |
| Oak Grove Classical Academy Inc | Albuquerque, NM | $14,000 | General & Unrestricted | 2023 |
| Christian Veterinary Mission Foundation | Lynnwood, WA | $12,000 | General & Unrestricted | 2024 |
| New Mexico Dream Center | Albuquerque, NM | $12,000 | General & Unrestricted | 2024 |
| Dream Centers of Colorado Springs | Colorado SPGS, CO | $10,000 | Mary's Home program | 2021 |
| Students for Life of America Inc | Fredericksbrg, VA | $10,000 | General & Unrestricted | 2023 |
| Samaritans Purse | Boone, NC | $10,000 | General & Unrestricted | 2024 |
| Callisto | San Francisco, CA | $9,000 | General & Unrestricted | 2024 |
| Student Mobilization Inc | Conway, AR | $9,000 | General & Unrestricted | 2024 |
| Christian Veterinary Mission Foundation | Lynnwood, WA | $8,300 | General & Unrestricted | 2023 |
| Canyon Bible Church Inc | Tijeras, NM | $7,500 | Sound, audio, video, movie projection and related uses, system for CBC church use and purposes | 2022 |
| First Baptist Church | Silver City, NM | $7,500 | to provide religious training and instruction via the Ark Encounter and Creation Museum | 2022 |
| Dream Centers of Colorado Springs | Colorado SPGS, CO | $7,000 | Mary's Home fund | 2024 |
| L Keffer | San Tan Valley, AZ | $6,500 | Short-term Emergency Assistance Grant | 2023 |
| M Hund | Tijeras, NM | $6,500 | Short-term Emergency Assistance Grant | 2022 |
| A M G International | Chattanooga, TN | $6,000 | Africa - Uganda - Dorcas Ministry. For pads for the girls. | 2024 |
| A M G International | Chattanooga, TN | $5,000 | General & Unrestricted | 2023 |
| Answers in Genesis Inc | Petersburg, KY | $5,000 | General & Unrestricted | 2023 |
| East Mountain Food Pantry Inc | Tijeras, NM | $5,000 | General & Unrestricted | 2023 |
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