Knights Of Columbus
- Assets
- $385.8k
- Revenue
- $428.4k
- Investments
- $0.0
- Employees
- 18
- Location
- Marion, OH
- Founding
- 10/1940
- Data as of
- 12/2023
- EIN
- 23-7544313
Organization Overview
Knights Of Columbus is located in Marion, OH. The organization was established in 1940. According to its NTEE Classification (Y41) the organization is classified as: Fraternal Beneficiary Societies, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2023, Knights Of Columbus employed 18 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Knights Of Columbus is a 501(c)(8) and as such, is described as a "Fraternal Beneficiary Society and/or Association" by the IRS.
For the year ending 12/2023, Knights Of Columbus generated $428.4k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $350.4k during the year ending 12/2023. While expenses have increased by 2.3% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SCHOLARSHIPS TO MARION STUDENTS, SENIOR CITIZENS DINNER, SPONSOR MARION MERCHANT ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO FOSTER FELLOWSHIP AND SPONSOR SOCIAL EVENTS AMONG MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arthur E Clouse Trustee | Trustee | 18 | $17,121 |
Paul Kuzio Financial Secre | OfficerTrustee | 1 | $0 |
Gary Vanderhoff Trustee | Trustee | 1 | $0 |
Francis Davis III Deputy Gr Knigh | Trustee | 1 | $0 |
Sam Nicolosi Treasurer | Trustee | 1 | $0 |
Francis Davis Jr Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $15,720 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,720 |
| Total Program Service Revenue | $0 |
| Investment income | $714 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$2,670 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$7,628 |
| Net Income from Gaming Activities | $330,255 |
| Net Income from Sales of Inventory | $66,497 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $428,361 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $175,190 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $17,121 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $26,688 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,699 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $722 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $904 |
| Office expenses | $2,268 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $84,947 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,044 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,998 |
| All other expenses | $8,575 |
| Total functional expenses | $350,417 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $165,512 |
| Savings and temporary cash investments | $220,267 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $385,779 |
| Accounts payable and accrued expenses | $3,820 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,820 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $381,959 |
| Total liabilities and net assets/fund balances | $385,779 |
Grants Awarded
Over the last fiscal year, Knights Of Columbus has awarded $92,571 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
ST MARY'S CATHOLIC CHURCH | | | $19,401 |
ST MARY'S GRADE SCHOOL | | | $8,610 |
MARION HARDING BOOSTERS | | | $27,750 |
MARION MERCHANTS | | | $28,200 |
BOYS & GIRLS CLUB OF MARION | | | $8,610 |