Malmar Knowles Family Foundation Inc
- Assets
- $1.7m
- Revenue
- $313.0k
- Investments
- $1.3m
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 04/2017
- Data as of
- 12/2023
- EIN
- 47-5203829
Organization Overview
Malmar Knowles Family Foundation Inc is located in Atlanta, GA. The organization was established in 2017. 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. Malmar Knowles 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 12/2023, Malmar Knowles Family Foundation Inc generated $313.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $276.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Malmar Knowles Family Foundation Inc has awarded 13 individual grants totaling $174,817. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
IDENTIFY AND NURTURE HIGHLY TALENTED YOUTH IN DEVELOPING COUNTRIES WHO HAVE THE POTENTIAL TO MAKE A POSITIVE DIFFERENCE IN THEIR COMMUNITIES AND COUNTRIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sherry Knowles President | 0 | $0 | |
Christopher Zalesky Vice Pres. | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $312,985 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $312,985 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $178,507 |
| Printing and publications | $0 |
| Other expenses | $87,066 |
| Total operating and administrative expenses | $267,955 |
| Contributions, gifts, grants paid | $8,500 |
| Total expenses and disbursements | $276,455 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $344,323 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $31,175 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $7,037 |
| Total assets | $1,682,535 |
| 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, Malmar Knowles Family Foundation Inc has awarded $8,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
AHMAD SHAH NAWAZY PURPOSE: EDUCATIONAL ADVANCEMENT | $5,000 |
RAY HEIN HIET OO PURPOSE: EDUCATIONAL ADVANCEMENT | $3,500 |