Knox County Foundation
- Assets
- $104.5m
- Revenue
- $11.7m
- Investments
- $524.7k
- Employees
- 5
- Location
- Mount Vernon, OH
- Founding
- 04/2002
- Data as of
- 12/2021
- EIN
- 31-1768219
Organization Overview
Knox County Foundation is located in Mount Vernon, OH. The organization was established in 2002. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Knox County Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Knox County Foundation 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 12/2021, Knox County Foundation generated $11.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.0% each year . All expenses for the organization totaled $5.7m during the year ending 12/2021. While expenses have increased by 4.5% per year over the past 7 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, Knox County Foundation has awarded 275 individual grants totaling $14,114,526. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE QUALITY OF LIFE IN KNOX COUNTY THROUGH PLANNED CHARITABLE GIVING. TO PROVIDE A VEHICLE FOR DONORS OF VARIED INTERESTS TO SUPPORT CHARITABLE AND COMMUNITY ACTIVITIES. TO ASSESS AND RESPOND TO EMERGING AND CHANGING COMMUNITY NEEDS IN THE FIELDS OF EDUCATION, YOUTH SERVICES, RECREATION, ARTS AND CULTURE, SOCIAL SERVICES, AND CIVIC, ECONOMIC AND COMMUNITY DEVELOPMENT. TO DEVELOP A PERMANENT ENDOWMENT FOR THE COMMUNITY, AND TO SERVE AS A CATALYST FOR THE INITIATION OF VITAL PROJECTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS AWARDED TO QUALIFYING NON-PROFIT ORGANIZATIONS AS EITHER APPROVED BY THE FOUNDATION BOARD OR AS RECOMMENDED OR DESIGNATED BY DONORS. GRANTS AWARDED ARE TO ADDRESS CHARITABLE WISHES OF FOUNDATION DONORS (DONOR ADVISED/DESIGNATED FUNDS) OR BASED UPON COMMUNITY NEEDS AS DETERMINED BY THE FOUNDATION BOARD (UNRESTRICTED AND FIELD OF INTEREST FUNDS).
AWARDED SCHOLARSHIPS TO KNOX COUNTY STUDENTS BASED UPON ESTABLISHED ELIGIBILITY REQUIREMENTS AND MERIT. REQUIREMENTS INCLUDE BUT ARE NOT LIMITED TO ACADEMIC ACHIEVEMENT, FIELD OF INTEREST, AND AFFILIATIONS WITH SPECIFIC SCHOOLS OR EMPLOYERS. DONORS ESTABLISH SCHOLARSHIP FUNDS TO ASSIST QUALIFYING STUDENTS WITH TUITION COSTS. THE FOUNDATION UTILIZIES A SCHOLARSHIP COMMITTEE THAT REVIEWS APPLICATION REQUESTS FROM GRADUATING HIGH SCHOOL SENIORS AND ADULTS MORE THAN TWO YEARS AFTER HIGH SCHOOL GRADUATION. SCHOLARSHIPS ARE AVAILABLE FOR DEGREES AT TWO OR FOUR YEAR COLLEGES AND UNIVERSITIES AS WELL AS ACCREDITED TRADE & TECHNICAL SCHOOLS.
COMMUNITY DEVELOPMENT PROJECTS TO ENHANCE LOCAL VIBRANCY AND RECREATIONAL ACTIVITIES IN CITIES AND VILLAGES LOCATED IN KNOX COUNTY. DURING 2021, KNOX COUNTY FOUNDATION BEGAN CONSTRUCTION OF KOKOSING PARK, LOCATED IN DOWNTOWN FREDERICKTOWN, OHIO. THE PARK INCLUDES A 1,200 SQUARE FOOT SPLASH PAD, PUBLIC RESTROOMS AND GATHERING SPACE FOR THE PUBLIC. THE FOUNDATION ALSO MAINTAINED KEY PROPERTIES IN DOWNTOWN MOUNT VERNON INCLUDING MULTIPLE COMMERCIAL PROPERTIES AND PUBLIC PARKING LOTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Scott Executive Dir. | Officer | 40 | $120,000 |
Marc Odenweller Finance Dir. | Officer | 40 | $91,430 |
Ian Watson Vice-Chair | OfficerTrustee | 5 | $0 |
Marsha Rinehart Chair | OfficerTrustee | 10 | $0 |
Kurt Schisler Treasurer | OfficerTrustee | 5 | $0 |
Kim Rose Secretary | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,278,131 |
| Noncash contributions included in lines 1a–1f | $752,991 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,278,131 |
| Total Program Service Revenue | $182,791 |
| Investment income | $1,597,796 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,500 |
| Net Gain/Loss on Asset Sales | $5,656,960 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,717,178 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,034,658 |
| Grants and other assistance to domestic individuals. | $984,305 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $211,430 |
| Compensation of current officers, directors, key employees. | $94,001 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $101,854 |
| Pension plan accruals and contributions | $16,657 |
| Other employee benefits | $12,705 |
| Payroll taxes | $24,838 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,916 |
| Fees for services: Accounting | $15,709 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $147,787 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $9,677 |
| Information technology | $47,162 |
| Royalties | $0 |
| Occupancy | $13,273 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,721 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $45,365 |
| Total functional expenses | $5,734,935 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $225,634 |
| Savings and temporary cash investments | $1,348,705 |
| Pledges and grants receivable | $122,500 |
| Accounts receivable, net | $5,313 |
| 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 | $551,286 |
| Investments—publicly traded securities | $101,756,450 |
| Investments—other securities | $524,711 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $104,534,599 |
| Accounts payable and accrued expenses | $15,044 |
| Grants payable | $147,500 |
| 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 | $17,031,625 |
| Total liabilities | $17,194,169 |
| Net assets without donor restrictions | $18,818,081 |
| Net assets with donor restrictions | $68,522,349 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $104,534,599 |
Grants Awarded
Over the last fiscal year, Knox County Foundation has awarded $2,071,404 in support to 45 organizations.
| Grant Recipient | Amount |
|---|---|
Mt Vernon, OH PURPOSE: Donor Advised/Annual Desig | $348,783 |
Mount Vernon, OH PURPOSE: Operational Support | $200,000 |
Mount Vernon, OH PURPOSE: Building Project | $150,000 |
CITY OF MOUNT VERNON PURPOSE: Police Community Advocate | $105,480 |
Gambier, OH PURPOSE: Annual & Donor Designations | $92,549 |
FIRST CONGREG UNITED CHURCH PURPOSE: Annual & Donor Designations | $86,423 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Knox County Foundation has recieved totaling $510,000.
| Awarding Organization | Amount |
|---|---|
The Ariel Foundation Mount Vernon, OH PURPOSE: MOUNT VERNON ARTS CONSORTIUM START-UP | $325,000 |
Burgett Family-Kokosing Foundation Fredericktown, OH PURPOSE: DONATION | $100,000 |
The Ariel Foundation Mount Vernon, OH PURPOSE: KNOX COUNTY ECONOMIC DEVELOPMENT INITIATIVE | $30,000 |
The Miami Foundation Inc Miami, FL PURPOSE: PROGRAM SUPPORT | $20,000 |
The Ariel Foundation Mount Vernon, OH PURPOSE: WFM - ST VINCENT TUITION | $10,000 |
Park National Bank Foundation Park National Bank Newark, OH PURPOSE: SUPPORT | $10,000 |
Endowment Analysis
| Beg. Balance | $63,046,407 |
| Earnings | $10,952,983 |
| Admin Expense | $561,901 |
| Net Contributions | $4,486,137 |
| Grants | $4,351,853 |
| Ending Balance | $73,571,773 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lancaster County Community Foundation Lancaster, PA | $92,463,036 | $19,491,842 |
The Community Foundatio Of Louisville Depository Inc Louisville, KY | $29,429,716 | $18,203,702 |
Stark Community Foundation Inc Canton, OH | $373,666,840 | $68,744,620 |
Muskegon County Community Foundation Muskegon, MI | $247,862,579 | $28,555,582 |
Greater Kanawha Valley Foundation Charleston, WV | $329,426,372 | $27,972,481 |
Community Foundation Of Greater Flint Flint, MI | $212,857,243 | $17,865,297 |
Ann Arbor Area Community Foundation Ann Arbor, MI | $219,428,649 | $31,760,954 |
Community Foundation Of St Joseph County Inc South Bend, IN | $247,009,993 | $29,572,898 |
Community Foundation Of Greater Johnstown Johnstown, PA | $89,313,800 | $19,729,908 |
Fremont Area Community Foundation Fremont, MI | $291,559,908 | $22,142,594 |
Grand Haven Area Community Foundation Inc Grand Haven, MI | $189,481,921 | $23,464,810 |
The Community Foundation Of Louisville Corporate Depository In Louisville, KY | $17,663,337 | $10,177,129 |