Faith & James Knight Foundation Inc
- Assets
- $2.3m
- Revenue
- $463.8k
- Investments
- $2.2m
- Employees
- 0
- Location
- Holmdel, NJ
- Founding
- 07/1999
- Data as of
- 06/2024
- EIN
- 22-3656542
Organization Overview
Faith & James Knight Foundation Inc is located in Holmdel, NJ. The organization was established in 1999. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Faith & James Knight Foundation 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 06/2024, Faith & James Knight Foundation Inc generated $463.8k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 23.9% each year . All expenses for the organization totaled $241.1k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Faith & James Knight Foundation Inc has awarded 144 individual grants totaling $1,083,250. 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 |
|---|---|---|---|
Robert J Gaughran Trustee/sec | 1.5 | $3,500 | |
Cheryl Bliss Trustee | 1.5 | $3,500 | |
Lisa Knight Trustee/pres | 1.5 | $3,500 | |
Margot R Mccord Trustee | 1.5 | $5,250 | |
Donna Balon Trustee/trea | 1.5 | $3,500 | |
Frances Lobl Trustee, VP | 1.5 | $3,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $9 |
| Dividends & Interest | $78,354 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $385,391 |
| Capital Gain Net Income | $385,391 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $463,754 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $22,750 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $307 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $5,815 |
| Printing and publications | $0 |
| Other expenses | $1,362 |
| Total operating and administrative expenses | $57,564 |
| Contributions, gifts, grants paid | $183,500 |
| Total expenses and disbursements | $241,064 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,270 |
| Savings and temporary cash investments | $87,245 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,317,845 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Faith & James Knight Foundation Inc has awarded $183,500 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
180 TURNING LIVES AROUND PURPOSE: COMPENSATION COUNSELOR/CASE MANAGER | $25,000 |
CASCADES HUMANE SOCIETY PURPOSE: FUND CHARITABLE MISSION | $6,000 |
CASCADES HUMANE SOCIETY PURPOSE: FUND GENERAL OPERATING EXPENSES | $50,000 |
CASCADES HUMANE SOCIETY PURPOSE: NEW COMMUNAL CAT ROOM | $25,000 |
CATSBURY PARK PURPOSE: HELP SAVE CATS/KITTENS IN NEED | $500 |
COLLIER YOUTH SERVCIES PURPOSE: FUND KATERI SUMMER CAMP | $500 |