Carnwath-Knecht-Frey Artists Legacy Foundation
- Assets
- $20.1m
- Revenue
- $95.2k
- Investments
- $1.6m
- Employees
- 0
- Location
- Oakland, CA
- Founding
- 06/2001
- Data as of
- 12/2023
- EIN
- 94-3357343
Organization Overview
Carnwath-Knecht-Frey Artists Legacy Foundation is located in Oakland, CA. The organization was established in 2001. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carnwath-Knecht-Frey Artists Legacy 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 12/2023, Carnwath-Knecht-Frey Artists Legacy Foundation generated $95.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (5.7%) each year. All expenses for the organization totaled $329.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Carnwath-Knecht-Frey Artists Legacy Foundation has awarded 22 individual grants totaling $388,000. 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 |
|---|---|---|---|
Squeak Carnwath President | 4 | $0 | |
Gary Knecht Sect'y/treas | 10 | $0 | |
Sandra Shannonhouse VP | 1 | $0 | |
Leah Levy Director | 1 | $0 | |
Caroline Black Director | 1 | $0 | |
Daniel Nevers Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $46,400 |
| Interest on Savings | $0 |
| Dividends & Interest | $39,236 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,352 |
| Capital Gain Net Income | $8,352 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,250 |
| Total Revenue | $95,238 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $113,891 |
| Pension plans, employee benefits | $18,709 |
| Interest | $0 |
| Taxes | $468 |
| Depreciation | $0 |
| Occupancy | $41,804 |
| Travel, conferences, and meetings | $3,394 |
| Printing and publications | $863 |
| Other expenses | $51,649 |
| Total operating and administrative expenses | $303,916 |
| Contributions, gifts, grants paid | $26,000 |
| Total expenses and disbursements | $329,916 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,836 |
| Savings and temporary cash investments | $6,946 |
| 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 | $1,632,876 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $18,485,732 |
| Total assets | $20,141,390 |
| Accounts payable and accrued expenses | $3,366 |
| 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 | $3,366 |
Grants Awarded
Over the last fiscal year, Carnwath-Knecht-Frey Artists Legacy Foundation has awarded $26,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
JAUNE QUICK-TO-SEE SMITH PURPOSE: ARTIST AWARD | $25,000 |
INTERSECTION FOR THE ARTS PURPOSE: GENERAL SUPPORT | $500 |
EASTSIDE ARTS ALLIANCE PURPOSE: GENERAL SUPPORT | $500 |