Tara & Jim Knicos Foundation Inc
- Assets
- $2.4m
- Revenue
- $806.0k
- Investments
- $2.3m
- Employees
- 0
- Location
- Bethlehem, PA
- Founding
- 03/2010
- Data as of
- 11/2023
- EIN
- 26-1543830
Organization Overview
Tara & Jim Knicos Foundation Inc is located in Bethlehem, PA. The organization was established in 2010. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Tara & Jim Knicos 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 11/2023, Tara & Jim Knicos Foundation Inc generated $806.0k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 40.3% each year . All expenses for the organization totaled $274.0k during the year ending 11/2023. While expenses have increased by 9.5% per year over the past 8 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.
Since 2015, Tara & Jim Knicos Foundation Inc has awarded 85 individual grants totaling $1,230,000. 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 |
|---|---|---|---|
Tara Knicos President | 0 | $0 | |
James Knicos Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $309,695 |
| Interest on Savings | $30 |
| Dividends & Interest | $84,262 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $412,058 |
| Capital Gain Net Income | $412,058 |
| Net ST Capital Gain | $27,421 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $806,045 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $36,000 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,164 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $48,128 |
| Total operating and administrative expenses | $98,998 |
| Contributions, gifts, grants paid | $175,000 |
| Total expenses and disbursements | $273,998 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,762 |
| Savings and temporary cash investments | $19,925 |
| 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 | $2,628 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,337,549 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,397,864 |
| 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 | $632 |
| Total liabilities | $632 |
Grants Awarded
Over the last fiscal year, Tara & Jim Knicos Foundation Inc has awarded $175,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
ST LUKES UNIV HEALTH NETWORK PURPOSE: MEDICAL SERVICES | $100,000 |
KRIPALU PURPOSE: TEACHING THE ART AND SCIENCE OF YOGA | $10,000 |
FOLDS OF HONOR FOUNDATION PURPOSE: COMMUNITY SERVICE | $20,000 |
ANIMAL FOOD BANK OF THE LEHIGH VALL PURPOSE: CARING OF ANIMALS | $10,000 |
GOOD SHEPHERD REHABILITATION PURPOSE: TO ENHANCE LIVES, MAXIMIZE FUNCTION, INSPIRE HOPE, AND PROMOTE DIGNITY AND WELL-BEING. | $30,000 |
CHILDREN'S DEVELOPMENTAL PROGRAM PURPOSE: THERAPUTIC CARE FOR PHYSICAL AND MENTALLY HANDICAPPED PRESCHOOL CHILDREN. DAYCARE SERVICES FOR PRESCHOOL CHILDREN. | $5,000 |