Knapp Family Foundation Inc
- Assets
- $1.5m
- Revenue
- $73.1k
- Investments
- $1.5m
- Employees
- 0
- Location
- Pennington, NJ
- Founding
- 07/1999
- Data as of
- 05/2024
- EIN
- 35-2055792
Organization Overview
Knapp Family Foundation Inc is located in Pennington, 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. Knapp Family 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 05/2024, Knapp Family Foundation Inc generated $73.1k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $94.0k during the year ending 05/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Knapp Family Foundation Inc has awarded 53 individual grants totaling $345,318. 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 |
|---|---|---|---|
Marcia Knapp President | 1 | $0 | |
Courtney Knapp Ford Treasurer | 1 | $3,000 | |
Christopher Knapp Secretary | 1 | $3,000 | |
Kate H Knapp Board Member | 1 | $3,000 | |
Simon Ford Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $31,765 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $41,346 |
| Capital Gain Net Income | $41,346 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $73,111 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $9,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,875 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $219 |
| Total operating and administrative expenses | $28,629 |
| Contributions, gifts, grants paid | $65,420 |
| Total expenses and disbursements | $94,049 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,975 |
| Savings and temporary cash investments | $75,811 |
| 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 | $361,481 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,539,652 |
| 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, Knapp Family Foundation Inc has awarded $65,420 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
PROCTOR ACADEMY PURPOSE: UNRESTRICTED GENERAL | $2,500 |
NORTH BENNET STREET SCHOOL PURPOSE: UNRESTRICTED GENERAL | $1,500 |
CONNECTICUT COLLEGE PURPOSE: UNRESTRICTED GENERAL | $3,000 |
KIDS PLAY INTERNATIONAL INC PURPOSE: UNRESTRICTED GENERAL | $6,000 |
WAKE FOREST UNIVERSITY PURPOSE: UNRESTRICTED GENERAL | $23,320 |
SHADOW PROJECT PURPOSE: UNRESTRICTED GENERAL | $650 |