Marion I & Henry J Knott Foundation Inc
- Assets
- $60.4m
- Revenue
- $716.7k
- Investments
- $59.7m
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- 08/1987
- Data as of
- 12/2022
- EIN
- 52-1517876
Organization Overview
Marion I & Henry J Knott Foundation Inc is located in Baltimore, MD. The organization was established in 1987. 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. Marion I & Henry J Knott 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 12/2022, Marion I & Henry J Knott Foundation Inc generated $716.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (31.9%) each year. All expenses for the organization totaled $3.8m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Marion I & Henry J Knott Foundation Inc has awarded 301 individual grants totaling $8,521,490. 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 |
|---|---|---|---|
Brian Mcdonald Member | 1 | $0 | |
Brooke Rodgers Member | 1 | $0 | |
Carroll Mcgill Member | 1 | $0 | |
Dan Gallagher Member | 1 | $0 | |
David Gallagher Member | 1 | $0 | |
David L Porter Member | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hirtle Callaghan | 12/30/21 | $124,479 |
Prime Buchholz Llc | 12/30/21 | $140,829 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,754 |
| Dividends & Interest | $158,673 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $809,475 |
| Capital Gain Net Income | $809,475 |
| Net ST Capital Gain | $0 |
| Income Modifications | $43,000 |
| Profit on Inventory Sales | $0 |
| Other Income | -$254,230 |
| Total Revenue | $716,672 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $136,950 |
| Other employee salaries and wages | $195,052 |
| Pension plans, employee benefits | $63,285 |
| Interest | $0 |
| Taxes | $51,360 |
| Depreciation | $12,713 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $19,023 |
| Printing and publications | $0 |
| Other expenses | $131,040 |
| Total operating and administrative expenses | $952,634 |
| Contributions, gifts, grants paid | $2,891,973 |
| Total expenses and disbursements | $3,844,607 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $99,735 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $60,644 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $85,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,688 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $59,727,634 |
| Net Land, buildings, and equipment | $393,854 |
| Other assets | $0 |
| Total assets | $60,371,555 |
| Accounts payable and accrued expenses | $10,480 |
| Grants payable | $215,000 |
| 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 | $225,480 |
Grants Awarded
Over the last fiscal year, Marion I & Henry J Knott Foundation Inc has awarded $3,409,149 in support to 109 organizations.
| Grant Recipient | Amount |
|---|---|
ADELANTE LATINA PURPOSE: OPERATIONS | $20,000 |
ARCHDIOCESE OF BALTIMORE PURPOSE: OPERATIONS | $228,222 |
ASSOCIATED CATHOLIC CHARITIES INC PURPOSE: OPERATIONS | $160,000 |
ANIMAL ALLIES RESCUE FOUNDATION INC PURPOSE: OPERATIONS | $50 |
ASSOCIATED CHARITIES OF CUMBERLAND PURPOSE: OPERATIONS | $20,000 |
ATHLETES SERVING ATHLETES PURPOSE: OPERATIONS | $259 |