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The Kings Enterprises Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 272900928 ✦ Charlotte, NC ✦ Designated as a 501(c)(3)

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Overview

What is The Kings Enterprises Inc?

The Kings Enterprises Inc, based in Charlotte, North Carolina, is a nonprofit organization dedicated to feeding the homeless and offering job training programs. They operate a public restaurant, "The King's Kitchen," where the profits support their feeding initiatives. The restaurant also houses a job training program, "The King's Kitchen Restoration Program," which provides real-world experience in the restaurant industry, combined with a Christian ministry. The program underwrites its training and Bible studies, with mentoring provided by Restoring Place Church and the Charlotte Mecklenburg Dream Center. The nonprofit served approximately 43,000 meals through various programs in 2022, while currently training one individual in their job-training program.


Official website here: www.kingskitchen.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 66% (Two-Star out of Four Stars)

The Kings Enterprises Inc has received a Two-Star rating from Charity Navigator, indicating some concerns regarding its financial practices while also showcasing strong governance measures. The organization excels in areas such as having a fully independent board and maintaining a high program expense ratio, which reflects a commitment to its charitable mission.

However, the nonprofit faces significant challenges highlighted by its liabilities to assets ratio, which is notably high. This suggests potential financial instability that could impact its operations and ability to sustain its programs over time. While it has comprehensive policies for conflict of interest, whistleblower protections, and document retention, these strengths may not be enough to offset financial concerns.

Overall, The Kings Enterprises Inc demonstrates a dedication to transparent governance, but potential donors and stakeholders may want to consider the implications of its financial ratios when evaluating the organization's long-term viability and impact.


This AI summary has been generated from information found on Charity Navigator.

Is The Kings Enterprises Inc legitimate?

The Kings Enterprises Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Kings Enterprises Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $738,059

For more financial information, click here


Official website here: www.kingskitchen.org

What is the mission statement of The Kings Enterprises Inc?

The Kings Enterprises Inc operates with a mission to address two key issues: hunger and employment. This is achieved through their establishment, "The King's Kitchen," a public restaurant serving local, healthy Southern cuisine. The profits generated from the restaurant are utilized to provide meals for the underprivileged. Moreover, The King's Kitchen also operates a five-part training program, known as The King's Kitchen Restoration Program. This program aims to employ, train, and provide spiritual guidance to individuals in need, such as the homeless, troubled youth, and rehab graduates, among others. The program strives to develop well-rounded individuals by focusing on their spiritual, emotional, and physical well-being, ultimately preparing them to become leaders in the community. The organization collaborates with local ministries, businesses, non-profits, and people of faith to achieve these objectives.


Official website here: www.kingskitchen.org

Who is the CEO of The Kings Enterprises Inc?

James B Noble Ii is the Principal Officer of The Kings Enterprises Inc.


Official website here: www.kingskitchen.org

What is the revenue of The Kings Enterprises Inc?

The Kings Enterprises Inc's revenue in 2022 was $2,292,894.


Official website here: www.kingskitchen.org

Who are the executives of The Kings Enterprises Inc and what are their salaries?

The average compensation at The Kings Enterprises Inc during 2022 was $6,474. There are 114 employees and 856 volunteers at The Kings Enterprises Inc.


Here are 6 key members and their salaries:


Jim Noble (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Berry Epley (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jason Baker (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephen Lentz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karen Noble (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pam Tharrington (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.kingskitchen.org

Where can I find the form 990 for The Kings Enterprises Inc?

The Kings Enterprises Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.kingskitchen.org

Learn more at the official website: www.kingskitchen.org

Mission Statement of The Kings Enterprises Inc

The Kings Enterprises Inc, with its initiative titled "The King's Kitchen," has a mission to address two pressing issues in their community: homelessness and job training. Operating as a public restaurant, The King's Kitchen serves locally sourced, healthy Southern cuisine, with the profits generated contributing towards feeding the less fortunate. Beyond this, The King's Kitchen also runs a five-part training program known as The King's Kitchen Restoration Program. This program is designed to employ, train, and spread the teachings of Jesus Christ to individuals in need, such as the homeless, those in rehab, troubled youth, and other community members seeking employment. The mission of The Kings Enterprises Inc is to cultivate leaders by focusing on the holistic development of individuals, encompassing their spiritual, emotional, and physical well-being. To achieve this, The Kings Enterprises Inc collaborates with various local ministries, businesses, non-profits, and people of faith.

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Impact




October, 2024

The Kings Enterprises Inc has made a significant impact on the community through its comprehensive approach to addressing homelessness and unemployment. By operating a public restaurant, The King's Kitchen, the organization not only serves high-quality, nutritious meals but also ensures that the proceeds directly support feeding the less fortunate.

In terms of feeding programs, The Kings Enterprises Inc has provided an impressive total of 43,483 meals in the past year, averaging 1,325 meals each week. This includes special outreach initiatives such as serving 750 meals on Thanksgiving Day and providing regular meals to housing communities and those attending church services. Their ongoing commitment to feeding children in after-school programs and responding to community needs through a local food pantry underscores their dedication to alleviating hunger.

In addition to feeding the homeless, The Kings Kitchen Restoration Job Training Program offers a unique pathway for individuals seeking employment in the restaurant industry. This program focuses on holistic development—training participants not only in culinary skills but also imparting valuable life lessons grounded in Christian ministry. This approach helps restore individuals, providing them with the tools and confidence needed to succeed in their careers and become contributing members of the community.

Overall, The Kings Enterprises Inc enhances community well-being by providing essential services that nourish the body and empower individuals through workforce training, embodying a spirit of excellence and sustainability.




This information is meant to be a general summary of The Kings Enterprises Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$2,292,894 (2022)
Expenses
$2,365,484 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $1,912,188
  • Gross Receipts: $2,292,894

Assets and Liabilities:

  • Total Assets: $246,296
  • Total Liabilities: $786,868
  • Net Assets: -$540,572

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

KING'S KITCHEN SALES

Revenue

$1,912,188

Organization Details

Founding Year

2010

Principal Officer

James B Noble Ii

Main Address

PO BOX 30877, CHARLOTTE, NC, 282300877

NTEE Category

Code: J20 - Employment

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