Knowlton Foundation For The Elderly Inc
- Assets
- $2.1m
- Revenue
- $79.7k
- Investments
- $2.1m
- Employees
- 0
- Location
- Gardner, MA
- Founding
- 11/1981
- Data as of
- 03/2023
- EIN
- 04-6060834
Organization Overview
Knowlton Foundation For The Elderly Inc is located in Gardner, MA. The organization was established in 1981. According to its NTEE Classification (G94) the organization is classified as: Geriatrics, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Knowlton Foundation For The Elderly 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 03/2023, Knowlton Foundation For The Elderly Inc generated $79.7k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $85.3k during the year ending 03/2023. While expenses have increased by 4.2% per year over the past 6 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.
Since 2017, Knowlton Foundation For The Elderly Inc has awarded 56 individual grants totaling $424,019. 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 |
|---|---|---|---|
Calvin Brooks Director | 0 | $0 | |
Michael Hermanson President | 0 | $1,500 | |
Dr Donald Miller Director | 0 | $0 | |
Neil Erickson Director | 0 | $0 | |
Alan Goguen Secretary | 0 | $400 | |
Norman Wironen Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $79,723 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $79,723 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $3,400 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,459 |
| Total operating and administrative expenses | $12,809 |
| Contributions, gifts, grants paid | $72,500 |
| Total expenses and disbursements | $85,309 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,490 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,071,209 |
| 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, Knowlton Foundation For The Elderly Inc has awarded $72,500 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
LEVI HEYWOOD MEMORIAL LIBRARY PURPOSE: SERVICES/MATERIALS FOR THE ELDERLY | $4,500 |
MONTACHUSETT OPPORTUNITY COUNCIL PURPOSE: SERVICES FOR THE ELDERLY | $3,750 |
GARDNER COUNCIL ON AGING PURPOSE: SERVICES FOR THE ELDERLY | $6,500 |
GARDNER VISITING NURSES ASSOC PURPOSE: MEDICAL SERVICES FOR NEEDY ELDERLY | $17,000 |
MONTACHUSETT HOME CARE CORP PURPOSE: SERVICES FOR THE ELDERLY | $13,000 |
GARDNER COMMUNITY ACTION COMMITTEE PURPOSE: MEDICAL TRANSPORTATION FOR THE ELDERLY | $18,500 |