Norman Knight Charitable Foundation
- Assets
- $5.5m
- Revenue
- $74.5k
- Investments
- $4.4m
- Employees
- 0
- Location
- Brewster, MA
- Founding
- 02/1959
- Data as of
- 12/2022
- EIN
- 04-6056824
Organization Overview
Norman Knight Charitable Foundation is located in Brewster, MA. The organization was established in 1959. 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. Norman Knight Charitable 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, Norman Knight Charitable Foundation generated $74.5k 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 (36.0%) each year. All expenses for the organization totaled $529.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Norman Knight Trustee | 0.5 | $0 | |
John T Lynch Trustee | 1.5 | $12,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $24 |
| Dividends & Interest | $95,798 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$21,359 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $74,463 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $12,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $902 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $32,558 |
| Total operating and administrative expenses | $84,202 |
| Contributions, gifts, grants paid | $444,900 |
| Total expenses and disbursements | $529,102 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,387 |
| Savings and temporary cash investments | $1,091,992 |
| 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 | $1,182,313 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,460,617 |
| 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, Norman Knight Charitable Foundation has awarded $444,900 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS & GIRLS CLUB OF BOSTON PURPOSE: GENERAL USE BY THE ORGANIZATION. | $25,000 |
MASSACHUSETTS GENERAL HOSPITAL PURPOSE: GENERAL USE BY THE ORGANIZATION. | $199,900 |
MASSACHUSETTS EYE & EAR INFIRMARY PURPOSE: GENERAL USE BY THE ORGANIZATION. | $220,000 |