THE KING'S CANVAS GALLERY & STUDIO

EIN: 823708477 501(c)(3) Arts, Culture & Humanities

MONTGOMERY, AL

Total Revenue
$313,626
Total Expenses
$253,705
Total Assets
$79,499
Net Assets
$77,467
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
AL
Principal Officer
KEVIN KING
Phone
3342454191
Tax Period
2023-01-01 to 2023-12-31

THE KING'S CANVAS GALLERY & STUDIO, founded in 2017, is a small nonprofit in the Arts, Culture & Humanities sector that reported $314K in total revenue in fiscal year 2023. Revenue surged 64% from the prior year, signaling strong growth momentum. The organization ran a surplus of $60K, a strong 19% operating margin.

Mission

THE KING'S CANVAS IS A CREATIVE PLACEMAKING SPACE PROVIDING OPPORTUNITY AND ACCESS FOR UNDERDEVELOPED AND UNDEREXPOSED ARTISTS IN MONTGOMERY, ALABAMA.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $320,539
Program Service Revenue $0
Investment Income $0
Other Revenue $-6,913
TOTAL REVENUE $313,626

Expense Breakdown

Grants Paid $0
Salaries & Benefits $118,416
Fundraising Expenses $28,685
Program Expenses $117,247
Other Expenses $135,289
TOTAL EXPENSES $253,705

Year-over-Year Comparison

2023 2022 Change
Revenue $313,626 $191,464 +0.6%
Expenses $253,705 $219,533 +0.2%
Net Income $59,921 $-28,069 -3.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Governance

Voting Members
12
Independent Members
12
Employees
2
Volunteers
5

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$65,000
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JON CARROLL BOARD MEMBER 5.00
Director
$0 $0 $0
KENAUSTIN BOARD MEMBER 5.00
Director
$0 $0 $0
INDIA WILSON BOARD MEMBER 5.00
Director
$0 $0 $0
JACKIE LUCAS BOARD MEMBER 5.00
Director
$0 $0 $0
CATHY MARTIN BOARD MEMBER 5.00
Director
$0 $0 $0
ABRAHAM WHITE BOARD MEMBER 5.00
Director
$0 $0 $0
MILTON MADISON BOARD MEMBER 5.00
Director
$0 $0 $0
TONI TONEY BOARD MEMBER 5.00
Director
$0 $0 $0
TRIPP DEMOSS BOARD MEMBER 5.00
Director
$0 $0 $0
KEVIN KING EXECUTIVE DIRECTOR 40.00
Officer
$65,000 $0 $65,000
KIMBERLY ROBINSON CHAIRPERSON 5.00
Officer
$0 $0 $0
WHITNEY CALIFF VICE CHAIRPERSON 5.00
Officer
$0 $0 $0
JON CHANCEY TREASURER 5.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2023 $313,626 $253,705 $79,499 $59,921
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