Red Knights Memorial Foundation Inc is located in Boylston, MA. The organization was established in 2017. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Red Knights Memorial 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, Red Knights Memorial Foundation Inc generated $5.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (25.8%) each year. All expenses for the organization totaled $28.3k during the year ending 12/2023. 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
2023
Describe the Organization's Program Activity:
Part 3
DUE TO COVID, LIMITED OPPORTUNITY TO CARRY OUT ANY PROGRAMS IN OUR PREMISES
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Ostiguy Chair | 2 | $0 | |
Norm Beausoleil Vice-Chair | 2 | $0 | |
Scott Ryan Secretary-Treasurer | 2 | $0 | |
Peter Stone Director | 2 | $0 | |
Ken May Director | 2 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $5,390 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | -$35 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $5,355 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $6,885 |
| Occupancy, rent, utilities, and maintenance | $21,332 |
| Printing, publications, postage, and shipping | $39 |
| Other expenses | $0 |
| Total expenses | $28,256 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $20,723 |
| Other assets | $0 |
| Total assets | $20,723 |
| Total liabilities | $97,747 |
| Net assets or fund balances | -$77,024 |