Knapp Educational Fund Inc
- Assets
- $3.8m
- Revenue
- $17.2k
- Investments
- $2.3m
- Employees
- 0
- Location
- St Michaels, MD
- Founding
- 04/1979
- Data as of
- 12/2022
- EIN
- 13-2970128
Organization Overview
Knapp Educational Fund Inc is located in St Michaels, MD. The organization was established in 1979. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Knapp Educational Fund Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Knapp Educational Fund Inc generated $17.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (48.3%) each year. All expenses for the organization totaled $279.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Knapp Educational Fund Inc has awarded 34 individual grants totaling $412,020. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Antoinette Vojvoda Secretary | 2 | $0 | |
Steven F Capranica Vp/treasurer | 12 | $28,000 | |
Ruth Capranica President | 3 | $0 | |
Christina Capranica Trustee | 2 | $1,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,194 |
| Dividends & Interest | $80,653 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$65,623 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $17,224 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $29,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $37 |
| Depreciation | $0 |
| Occupancy | $65,500 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,941 |
| Total operating and administrative expenses | $187,629 |
| Contributions, gifts, grants paid | $92,126 |
| Total expenses and disbursements | $279,755 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,378 |
| Savings and temporary cash investments | $1,463,324 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $10,410 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $756,575 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,794,410 |
| Accounts payable and accrued expenses | $26,200 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $26,200 |
Grants Awarded
Over the last fiscal year, Knapp Educational Fund Inc has awarded $92,126 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
SOUTH DORCHESTER HIGH SCHOOL PURPOSE: STUDENT SCHOLARSHIP PROGRAM | $8,000 |
CURRITUCK COUNTY HIGH SCHOOL PURPOSE: STUDENT SCHOLARSHIP PROGRAM | $10,750 |
EASTON HIGH SCHOOL PURPOSE: STUDENT SCHOLARSHIP PROGRAM | $11,250 |
KENT ISLAND HIGH SCHOOL PURPOSE: STUDENT SCHOLARSHIP PROGRAM | $17,001 |
NORTH DORCHESTER HIGH SCHOOL PURPOSE: STUDENT SCHOLARSHIP PROGRAM | $7,250 |
QUEEN ANNE COUNTY HIGH SCHOOL PURPOSE: STUDENT SCHOLARSHIP PROGRAM | $16,750 |