Knott Family Foundation
- Assets
- $3.6m
- Revenue
- $1.0m
- Investments
- $3.4m
- Employees
- 0
- Location
- Syosset, NY
- Founding
- 10/2004
- Data as of
- 12/2023
- EIN
- 20-0495479
Organization Overview
Knott Family Foundation is located in Syosset, NY. The organization was established in 2004. According to its NTEE Classification (T30) the organization is classified as: Public 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. Knott Family 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, Knott Family Foundation generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 20.7% each year . All expenses for the organization totaled $807.7k during the year ending 12/2023. While expenses have increased by 14.8% per year over the past 9 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 2014, Knott Family Foundation has awarded 140 individual grants totaling $5,000,495. 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 |
|---|---|---|---|
David M Knott Jr Co-President Treas And Director | 3 | $0 | |
Virginia C Knott Vice President And Director | 3 | $0 | |
Virginia K Leachman Co-President And Director | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $700,000 |
| Interest on Savings | $1,032 |
| Dividends & Interest | $209,084 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $105,053 |
| Capital Gain Net Income | $105,053 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,783 |
| Total Revenue | $1,020,952 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $6 |
| Taxes | $11,276 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $746 |
| Total operating and administrative expenses | $13,528 |
| Contributions, gifts, grants paid | $794,197 |
| Total expenses and disbursements | $807,725 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $236,458 |
| 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 | $2,811,493 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,609,796 |
| 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, Knott Family Foundation has awarded $794,197 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
BEIT RUTH PURPOSE: GENERAL CHARITABLE PURPOSES | $5,000 |
THE MORGAN LIBRARY & MUSEUM PURPOSE: GENERAL CHARITABLE PURPOSES | $24,150 |
DUCKS UNLIMITED PURPOSE: GENERAL CHARITABLE PURPOSES | $10,000 |
ALZHEIMER'S ASSOC - IMAGINE BENEFIT PURPOSE: GENERAL CHARITABLE PURPOSES | $17,500 |
CARON TREATMENT CENTERS PURPOSE: GENERAL CHARITABLE PURPOSES | $25,000 |
CLUBHOUSE INTERNATIONAL PURPOSE: GENERAL CHARITABLE PURPOSES | $5,000 |