Knapp Foundation Inc
- Assets
- $13.4m
- Revenue
- $695.9k
- Investments
- $2.6m
- Employees
- 0
- Location
- St Michaels, MD
- Founding
- 07/1932
- Data as of
- 12/2022
- EIN
- 13-6001167
Organization Overview
Knapp Foundation Inc is located in St Michaels, MD. The organization was established in 1932. 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. Knapp 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 12/2022, Knapp Foundation Inc generated $695.9k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $785.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Knapp Foundation Inc has awarded 26 individual grants totaling $156,848. 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 |
|---|---|---|---|
Antoinette Vojvoda Secretary | 12 | $0 | |
Steven F Capranica Treasurer | 25 | $52,000 | |
Ruth M Capranica President | 20 | $50,500 | |
Andrew Hollis Trustee | 2 | $5,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,078 |
| Dividends & Interest | $84,052 |
| Net Rental Income | $28,578 |
| Net Gain on Sale of Assets | $541,880 |
| Capital Gain Net Income | $541,880 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $695,910 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $107,500 |
| Other employee salaries and wages | $160,515 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $31,690 |
| Depreciation | $59,997 |
| Occupancy | $36,146 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $264,114 |
| Total operating and administrative expenses | $755,882 |
| Contributions, gifts, grants paid | $29,541 |
| Total expenses and disbursements | $785,423 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $125,275 |
| Savings and temporary cash investments | $1,508,889 |
| Net Accounts receivable | $7,000 |
| 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 | $6,117 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,188,141 |
| Net Land, buildings, and equipment | $946,204 |
| Other assets | $8,265,384 |
| Total assets | $13,443,127 |
| Accounts payable and accrued expenses | $52,015 |
| 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 | $52,015 |
Grants Awarded
Over the last fiscal year, Knapp Foundation Inc has awarded $29,541 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
AMER FOUNDATION FOR THE BLIND PURPOSE: ANNUAL CONTRIBUTION LIBRARY COLLECTION ACQUISITIONS | $5,000 |
ST MICHAEL'S FIRE DEPARTMENT PURPOSE: ANNUAL CONTRIBUTION | $5,000 |
EASTON VOL FIRE DEPT PURPOSE: ANNUAL CONTRIBUTION | $5,000 |
LEARNING ALLY PURPOSE: LIBRARY EDUCATION MATERIALS | $5,000 |
DUCKS UNLIMITED INC PURPOSE: EQUIPMENT ACQUISITION | $2,000 |
HUMANE SOCIETY OF SOMERSET COUNTY I PURPOSE: EQUIPMENT ACQUISITION | $7,000 |