Knights Foundation Inc
- Assets
- $736.0k
- Revenue
- $209.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Zanesville, OH
- Founding
- 11/2012
- Data as of
- 12/2023
- EIN
- 46-0674726
Organization Overview
Knights Foundation Inc is located in Zanesville, OH. The organization was established in 2012. 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. Knights 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 12/2023, Knights Foundation Inc generated $209.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $163.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Knights Foundation Inc has awarded 46 individual grants totaling $890,450. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FINANCIAL ASSISTANCE TOWARD TUITION AND EXPENSES FOR THE BENEFIT OF WORTHY STUDENTS AT BISHOP ROSECRANS HIGH SCHOOL AND BISHOP FENWICK SCHOOL IN ZANESVILLE, OHIO AS WELL AS ANY OTHER WORTHY LOCAL CHARITIES THAT ARE REGISTERED WITH THE STATE OF OHIO AND PROVIDE US PROOF THAT THEY ARE EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3).
Describe the Organization's Program Activity:
THE KNIGHTS FOUNDATION LARGEST PROGRAMS ARE TO PROVIDE SCHOLARSHIPS AND OPERATING EXPENSE AID TO THE CATHOLIC SCHOOLS OF ZANESVILLE AS WELL AS ANY OTHER DESERVING 501(C)(3) LOCAL CHARITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Herbert Baker Vice-President | OfficerTrustee | 12 | $0 |
Scott Moyer President | OfficerTrustee | 12 | $0 |
John Wiles Trustee | Trustee | 12 | $0 |
Bruce Kolopajlo Trustee | Trustee | 12 | $0 |
Larry Taylor Trustee | Trustee | 12 | $0 |
Jay Agin Trustee | Trustee | 12 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $14,515 |
| Related organizations | $10,854 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,721 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,090 |
| Total Program Service Revenue | $0 |
| Investment income | $4,693 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $36,000 |
| Net Gain/Loss on Asset Sales | $1,938 |
| Net Income from Fundraising Events | $62,429 |
| Net Income from Gaming Activities | $75,854 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $209,004 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $39,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,417 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $4,400 |
| Royalties | $0 |
| Occupancy | $34,960 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $23,228 |
| Depreciation, depletion, and amortization | $12,953 |
| Insurance | $5,886 |
| All other expenses | $270 |
| Total functional expenses | $163,175 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $118,485 |
| Savings and temporary cash investments | $0 |
| 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 | $467,316 |
| Investments—publicly traded securities | $150,156 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $735,957 |
| Accounts payable and accrued expenses | $0 |
| 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 | $3,925 |
| Total liabilities | $3,925 |
| Net assets without donor restrictions | $732,032 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $735,957 |
Grants Awarded
Over the last fiscal year, Knights Foundation Inc has awarded $39,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
BISHOP FENWICK CATHOLIC SCHOOL PURPOSE: ASSITANCE TOWARD TUITION AND OPERATING EXPENSES | $10,000 |
MUSKINGUM VALLEY MIRACLE LEAGUE INC PURPOSE: LOCAL CHARITY CONTRIBUTION | $6,000 |
TRU LIGHT MINISTRIES PURPOSE: LOCAL CHARITY CONTRIBUTION | $2,000 |
MUSKINGUM VALLEY OLD TIMERS PURPOSE: LOCAL CHARITY CONTRIBUTION | $6,000 |
BISHOP ROSECRANS ATHLETIC BOOSTERS PURPOSE: ASSITANCE TOWARD OPERATING EXPENSES | $10,000 |
FOREVER DADS PURPOSE: LOCAL CHARITY CONTRIBUTION | $500 |