Alice F & Cortland J Knipe Charitable Tr 231791
- Assets
- $13.4m
- Revenue
- $1.6m
- Investments
- $12.9m
- Employees
- 0
- Location
- New York, NY
- Founding
- 10/2008
- Data as of
- 11/2023
- EIN
- 26-2077849
Organization Overview
Alice F & Cortland J Knipe Charitable Tr 231791 is located in New York, NY. The organization was established in 2008. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Alice F & Cortland J Knipe Charitable Tr 231791 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, Alice F & Cortland J Knipe Charitable Tr 231791 generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 44.9% each year . All expenses for the organization totaled $1.2m during the year ending 11/2023. While expenses have increased by 4.8% per year over the past 3 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 2020, Alice F & Cortland J Knipe Charitable Tr 231791 has awarded 34 individual grants totaling $2,100,000. 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 |
|---|---|---|---|
Deutsche Bank Trust Company N A Trustee | 10 | $33,752 | |
Richard Ritzel Trustee | 10 | $17,542 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $563,177 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,070,518 |
| Capital Gain Net Income | $1,070,518 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,633,695 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $51,294 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $76,112 |
| Contributions, gifts, grants paid | $1,145,000 |
| Total expenses and disbursements | $1,221,112 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $498,260 |
| Savings and temporary cash investments | $0 |
| 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 | $12,855,933 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $13,354,193 |
| 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, Alice F & Cortland J Knipe Charitable Tr 231791 has awarded $1,145,000 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
VETERANS COUNCIL OF INDIAN RIVER COUNTY PURPOSE: GENERAL OPERATIONS | $25,000 |
SUSAN G KOMEN RACE FOR THE CURE PURPOSE: GENERAL OPERATIONS | $50,000 |
CAREERS SUPPORT SOLUTIONS INC PURPOSE: GENERAL OPERATIONS | $15,000 |
INDIAN RIVER LAND TRUST PURPOSE: GENERAL OPERATIONS | $125,000 |
EVELYN ALEXANDER WILDLIFE RESCUE CENTER PURPOSE: GENERAL SUPPORT GRANT | $50,000 |
USO PURPOSE: GENERAL SUPPORT GRANT | $100,000 |