Knapp Educational Fund Inc
- Assets
- $4.1m
- Revenue
- $333.6k
- Investments
- $2.1m
- Employees
- 0
- Location
- St Michaels, MD
- Founding
- 04/1979
- Data as of
- 12/2021
- EIN
- 13-2970128
Organization Overview
Knapp Educational Fund Inc is located in St Michaels, MD. The organization was established in 1979. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Knapp Educational Fund 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 12/2021, Knapp Educational Fund Inc generated $333.6k 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 (3.7%) each year. All expenses for the organization totaled $251.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (11.4%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Knapp Educational Fund Inc has awarded 23 individual grants totaling $319,894. 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 |
|---|---|---|---|
Steven F Capranica Vp/treasurer | 12 | $28,000 | |
Ruth Capranica President | 3 | $0 | |
Antoinette Vojvoda Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $217 |
| Dividends & Interest | $88,402 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $245,010 |
| Capital Gain Net Income | $245,010 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $333,629 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $28,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,654 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,797 |
| Total operating and administrative expenses | $121,517 |
| Contributions, gifts, grants paid | $130,119 |
| Total expenses and disbursements | $251,636 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,690 |
| Savings and temporary cash investments | $1,898,304 |
| 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 | $10,410 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,186,828 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,055,241 |
| Accounts payable and accrued expenses | $24,500 |
| 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 | $24,500 |
Grants Awarded
Over the last fiscal year, Knapp Educational Fund Inc has awarded $130,119 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
EASTON HIGH SCHOOL PURPOSE: STUDENT SCHOLARSHIP PROGRAM | $20,500 |
QUEEN ANNE COUNTY HIGH SCHOOL PURPOSE: STUDENT SCHOLARSHIP PROGRAM | $19,000 |
CURRITUCK COUNTY HIGH SCHOOL PURPOSE: STUDENT SCHOLARSHIP PROGRAM | $18,250 |
SOUTH DORCHESTER HIGH SCHOOL PURPOSE: STUDENT SCHOLARSHIP PROGRAM | $13,000 |
NORTH CAROLINE HIGH SCHOOL PURPOSE: STUDENT SCHOLARSHIP PROGRAM | $11,450 |
NORTH DORCHESTER HIGH SCHOOL PURPOSE: STUDENT SCHOLARSHIP PROGRAM | $11,044 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Maryland College Park Foundation Inc College Park, MD | $869,831,500 | $109,216,276 |
Old Dominion University Research Foundation Norfolk, VA | $35,170,684 | $51,598,508 |
University Of Virginia Darden School Foundation Charlottesville, VA | $664,692,543 | $80,428,705 |
William & Mary Foundation Williamsburg, VA | $1,122,551,962 | $79,373,462 |
University Of Virginia Foundation Charlottesville, VA | $508,958,321 | $36,530,024 |
University Health Services Inc Richmond, VA | $34,736,696 | $16,366,834 |
Medical College Of Virginia Foundation Richmond, VA | $645,911,510 | $54,318,573 |
Virginia Commonwealth University College Of Engineering Foundation Richmond, VA | $131,974,636 | $12,076,889 |
University Of Maryland Foundation Inc Adelphi, MD | $2,110,990,979 | $62,167,598 |
Communities In Schools Inc Alexandria, VA | $73,470,009 | $25,993,702 |
University Of Virginia Law School Foundation Charlottesville, VA | $789,832,433 | $37,875,854 |
University Of Maryland Baltimore Foundation Inc Baltimore, MD | $437,980,331 | $59,974,746 |