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The K Richard & Elizabeth Flynt Foundation

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn’t provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$81.6k (2022)

Expenses
$81.2k (2022)

Total Assets
$958k (2022)

Total Liabilities
$3.33k (2022)

Source: Form 990 tax filings from 2011 to 2022

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$81,625
Expenses
$81,243
Net Income
$382
Net Assets
$954,758
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $27,907
34.2%
Dividends $27,461
33.6%
Sales of Assets $26,190
32.1%
Other Income $67
0.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $63,000
77.5%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $958,091
Total Liabilities $3,333
Net Assets $954,758
Compensation
Key Employees and Officers Compensation Other
Christine F Hemrick (Trustee) $0 $0
Peggy Flynt Reavis (Trustee) $0 $0
Lynne Baker Ward (Treasurer) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$83,059
Expenses
$170,894
Net Income
-$87,835
Net Assets
$1,218,408
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $7,568
9.1%
Dividends $25,292
30.5%
Sales of Assets $50,199
60.4%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $148,651
87.0%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,221,738
Total Liabilities $3,330
Net Assets $1,218,408
Compensation
Key Employees and Officers Compensation Other
Christine F Hemrick (Trustee) $0 $0
Peggy Flynt Reavis (Trustee) $0 $0
Lynne Baker Ward (Treasurer) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$183,117
Expenses
$294,811
Net Income
-$111,694
Net Assets
$1,327,775
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $10,460
5.7%
Dividends $27,318
14.9%
Sales of Assets $145,339
79.4%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $280,076
95.0%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,327,776
Total Liabilities $1
Net Assets $1,327,775
Compensation
Key Employees and Officers Compensation Other
Christine F Hemrick (Trustee) $0 $0
Peggy Flynt Reavis (Trustee) $0 $0
Lynne Baker Ward (Treasurer) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$297,546
Expenses
$235,529
Net Income
$62,017
Net Assets
$1,438,466
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $27,989
9.4%
Dividends $34,643
11.6%
Sales of Assets $80,772
27.1%
Other Income $154,142
51.8%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $221,125
93.9%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,468,066
Total Liabilities $29,600
Net Assets $1,438,466
Compensation
Key Employees and Officers Compensation Other
Christine F Hemrick (Trustee) $0 $0
Peggy Flynt Reavis (Trustee) $0 $0
Lynne Baker Ward (Treasurer) $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$211,460
Expenses
$320,718
Net Income
-$109,258
Net Assets
$930,488
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $29,558
14.0%
Dividends $35,248
16.7%
Sales of Assets $146,654
69.4%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $306,876
95.7%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $930,488
Total Liabilities $0
Net Assets $930,488
Compensation
Key Employees and Officers Compensation Other
Christine F Hemrick (Trustee) $0 $0
Peggy Flynt Reavis (Trustee) $0 $0
Lynne Baker Ward (Treasurer) $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$222,740
Expenses
$150,611
Net Income
$72,129
Net Assets
$1,034,138
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $44,227
19.9%
Dividends $34,614
15.5%
Sales of Assets $143,899
64.6%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $129,000
85.7%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,034,138
Total Liabilities $0
Net Assets $1,034,138
Compensation
Key Employees and Officers Compensation Other
Christine F Hemrick (Trustee) $0 $0
Peggy Flynt Reavis (Trustee) $0 $0
Lynne Baker Ward (Treasurer) $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$260,694
Expenses
$142,847
Net Income
$117,847
Net Assets
$960,923
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $18,421
7.1%
Dividends $35,298
13.5%
Sales of Assets $206,975
79.4%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $128,000
89.6%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $960,923
Total Liabilities $0
Net Assets $960,923
Compensation
Key Employees and Officers Compensation Other
Christine F Hemrick (Trustee) $0 $0
Peggy Flynt Reavis (Trustee) $0 $0
Lynne Baker Ward (Treasurer) $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$154,127
Expenses
$143,654
Net Income
$10,473
Net Assets
$831,240
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $26,906
17.5%
Dividends $32,501
21.1%
Sales of Assets $94,720
61.5%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $128,000
89.1%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $831,240
Total Liabilities $0
Net Assets $831,240
Compensation
Key Employees and Officers Compensation Other
Christine F Hemrick (Trustee) $0 $0
Peggy Flynt Reavis (Trustee) $0 $0
Lynne Baker Ward (Treasurer) $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$218,785
Expenses
$161,266
Net Income
$57,519
Net Assets
$826,093
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $26,441
12.1%
Dividends $34,643
15.8%
Sales of Assets $157,701
72.1%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $143,000
88.7%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $826,093
Total Liabilities $0
Net Assets $826,093
Compensation
Key Employees and Officers Compensation Other
Christine F Hemrick (Trustee) $0 $0
Peggy Flynt Reavis (Trustee) $0 $0
Lynne Baker Ward (Treasurer, Ttee) $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$145,991
Expenses
$412,954
Net Income
-$266,963
Net Assets
$766,385
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $31,082
21.3%
Dividends $26,813
18.4%
Sales of Assets $82,954
56.8%
Other Income $5,142
3.5%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $406,475
98.4%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $766,385
Total Liabilities $0
Net Assets $766,385
Compensation
Key Employees and Officers Compensation Other
Christine F Hemrick (Trustee) $0 $0
Peggy Flynt Reavis (Secretary, Cfo) $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$46,215
Expenses
$274,754
Net Income
-$228,539
Net Assets
$1,036,930
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $15,634
33.8%
Dividends $26,129
56.5%
Sales of Assets $4,452
9.6%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $269,374
98.0%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,036,930
Total Liabilities $0
Net Assets $1,036,930

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$46,044
Expenses
$361,167
Net Income
-$315,123
Net Assets
$1,249,130
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $221
0.5%
Dividends $20,985
45.6%
Sales of Assets $24,838
53.9%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $355,582
98.5%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,249,130
Total Liabilities $0
Net Assets $1,249,130

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

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