Knights Initiative Inc
- Assets
- $930.4k
- Revenue
- $139.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 07/2015
- Data as of
- 12/2022
- EIN
- 47-3975502
Organization Overview
Knights Initiative Inc, operating under the name Atlanta Cba Endowment Inc, is located in Atlanta, GA. The organization was established in 2015. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Atlanta Cba Endowment 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 12/2022, Atlanta Cba Endowment Inc generated $139.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 35.5% each year . All expenses for the organization totaled $122.5k during the year ending 12/2022. While expenses have increased by 25.9% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE SUPPORT TO A BROAD RANGE OF CHARITABLE ORGANIZATIONS THAT SUPPORT PERSONS IN NEED IN ATLANTA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMPASSION KITCHEN PROJECT THIS PROJECT WAS IMPLEMENTED AS A RESPONSE TO THE PANDEMIC'S AFFECTS ON THE RESTAURANT INDUSTRY AND ON THE CONTINUING CRISIS OF HUNGER IN OUR AREA. DONATIONS TO THIS PROGRAM WERE USED TO BUY MEALS FROM AREA RESTAURANTS AND PROVIDE THE MEALS TO SHELTERS AND MINISTRIES TO HELP FEED THE HUNGRY. IN ADDITION, ATLANTA AREA RESTAURANTS, BOLD MONK, DONATED 2,811 RETAIL VALUE 19,335 AND GALLA'S PIZZA, DONATED 2,930 MEALS RETAIL VALUE 15,576. PLEASE REFER TO SCHEDULE M FOR THE DOCUMENTATION OF THESE DONATED MEALS.
PREGNANCY AID CLINIC 5500 THIS GRANT WAS PROVIDED TO ASSIST IN THE CARE AND COUNSELING OF WOMEN DEALING WITH UNPLANNED PREGNANCIES. CATHEDRAL OF CHRIST THE KING 5000 (MUST MINISTRY) THE MUST SUMMER LUNCH MAKING MINISTRY PREPARES OVER 2,000 LUNCHES DURING JUNE AND JULY FOR HUNGRY CHILDREN IN THE ATLANTA METRO AREA. IGNATIUS HOUSE 5000 THIS GRANT WAS PROVIDED TO ASSIST IN THE OPERATION OF RETREATS FOR UNDERPRIVILEDGED INDIVIDUALS. KNIGHTS OF COLUMBUS 2962 (COATS FOR KIDS) THIS PROGRAM PROVIDES COATS TO KNIGHTS OF COLUMBUS COUNCILS TO BE DISTRIBUTED TO KIDS WHO NEED THEM. KNIGHTS OF COLUMBUS 2460 (ATLANTA COUNCIL 660) THIS GRANT WAS PROVIDED IN SUPPORT OF KNIGHTS OF COLUMBUS ATLANTA COUNCIL 660. KNIGHTS OF COLUMBUS CHARITIES OF GA. 1500 (CAMPAIGN FOR PEOPLE WITH INTELLECTUAL DISABILITIES) KNIGHTS OF COLUMBUS CHARITIES OF GA. 1500 (GLOBAL WHEELCHAIR MISSION PROGRAM) QUEST ATLANTA RADIO 1200 (POWER OF PRAYER 2022 PLEDGE DRIVE) THIS GRANT WAS PROVIDED TO SUPPORT QUEST RADIO IN THEIR EFFORT TO INVITE, INFORM, AND INSPIRE LISTENERS TO EMBRACE THEIR JOURNEY OF FAITH.
CATHEDRAL OF CHRIST THE KING (AUDIO IMPROVEMENTS) THIS REPRESENTS OUR FIRST ANNUAL PAYMENT TO BE APPLIED AGAINST A 5 YEAR COMMITMENT OF 50,000 FOR CATHEDRAL AUDIO IMPROVEMENTS.
CHRIST THE KING SCHOOL (CKS SCHOLARSHIP ESSAY PROGRAM) THIS PROJECT WAS CREATED TO ENCOURAGE 7TH AND 8TH GRADERS AT CHRIST THE KING SCHOOL TO WRITE AN ESSAY ON THE TOPIC OF FAITH IN ACTION. ESSAYS WERE JUDGED BY TEACHERS AND FRIENDS OF THE KNIGHTS INITIATIVE. SCHOLARSHIPS OF 1250 WERE AWARDED TO WINNERS (ONE 7TH GRADE GIRL AND BOY AND ONE 8TH GRADE GIRL AND BOY).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ken Prevost President | OfficerTrustee | 5 | $0 |
Dan Quinn Vice Preside | OfficerTrustee | 1 | $0 |
Mike Vonck Secretary | OfficerTrustee | 1 | $0 |
John Horton Director | Trustee | 1 | $0 |
Martin Maguire Director | Trustee | 1 | $0 |
Gordon Calley Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $15,379 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $80,286 |
| Noncash contributions included in lines 1a–1f | $34,911 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $95,665 |
| Total Program Service Revenue | $0 |
| Investment income | $14,898 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $35,667 |
| Net Income from Fundraising Events | -$6,870 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $139,360 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $41,422 |
| Grants and other assistance to domestic individuals. | $78,656 |
| 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 | $0 |
| 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 | $1,703 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $411 |
| All other expenses | $308 |
| Total functional expenses | $122,500 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,246 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $887,183 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $930,429 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $930,429 |
| 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 | $930,429 |
Grants Awarded
Over the last fiscal year, Knights Initiative Inc has awarded $16,300 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CATHEDRAL OF CHRIST THE KING PURPOSE: PROGRAM | $10,000 |
CHRIST THE KING SCHOOL PURPOSE: PROGRAM | $6,300 |