Knights Athletic Club Inc
- Assets
- $478.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Louisville, KY
- Founding
- 06/1979
- Data as of
- 12/2022
- EIN
- 61-0942566
Organization Overview
Knights Athletic Club Inc is located in Louisville, KY. The organization was established in 1979. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. This organization is the central organization for a national or regional group of organizations. Knights Athletic Club Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2022, Knights Athletic Club Inc generated $84.3k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $70.7k during the year ending 12/2022. While expenses have increased by 18.6% per year over the past 3 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE CLUB PROVIDES ITS MEMBERS WITH A PLACE TO GATHER. THE CLUB SPONSORS AND PROMOTES VARIOUS SPORTS PROGRAMS AND OTHER SPECIAL EVENTS DURING THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronnie Proffitt President | 20 | $0 | |
James Mason Vice President | 15 | $0 | |
Lynn Tincher Secretary | 15 | $0 | |
Jerry Richards Treasurer | 25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,502 |
| Total Program Service Revenue | $0 |
| Membership dues | $7,754 |
| Investment income | $203 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $38,286 |
| Total Revenue | $84,298 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $9,422 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $465 |
| Occupancy, rent, utilities, and maintenance | $24,040 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $35,169 |
| Total expenses | $70,671 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $206,777 |
| Other assets | $0 |
| Total assets | $478,191 |
| Total liabilities | $0 |
| Net assets or fund balances | $478,191 |