Knier Family Foundation
- Assets
- $927.0k
- Revenue
- $47.4k
- Investments
- $784.1k
- Employees
- 0
- Location
- Cary, NC
- Founding
- 05/1998
- Data as of
- 12/2022
- EIN
- 56-2061224
Organization Overview
Knier Family Foundation is located in Cary, NC. The organization was established in 1998. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Knier Family Foundation 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, Knier Family Foundation generated $47.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $109.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Knier Family Foundation has awarded 166 individual grants totaling $626,147. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven J Knier Trustee | 1 | $0 | |
Bonnie J Knier Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $41,019 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,378 |
| Capital Gain Net Income | $6,378 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $10 |
| Total Revenue | $47,407 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $170 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,873 |
| Total operating and administrative expenses | $12,243 |
| Contributions, gifts, grants paid | $97,700 |
| Total expenses and disbursements | $109,943 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $142,419 |
| Savings and temporary cash investments | $500 |
| 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 | $182,423 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $927,017 |
| 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, Knier Family Foundation has awarded $97,700 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
CARDINAL GIBBONS HIGH SCHOOL PURPOSE: GENERAL ENDOWMENT | $11,000 |
DORCAS MINISTRIES PURPOSE: GENERAL SUPPORT | $1,553 |
CATHOLIC DIOCESE OF RALEIGH PURPOSE: SUPPORT OF DAILY ACTIVITIES | $2,000 |
ELON UNIVERSITY PURPOSE: SUPPORT | $1,800 |
FOOD BANK OF CENTRAL & EASTERN NC INC PURPOSE: SUPPORT OF DAILY ACTIVITIES | $1,000 |
HANDSHAKE COLUMBUS INC PURPOSE: SCHOLARSHIPS | $4,500 |