Charles Knox And Margaret C Etnerfoundation
- Assets
- $2.1m
- Revenue
- $127.5k
- Investments
- $2.1m
- Employees
- 0
- Location
- Wellsboro, PA
- Founding
- 05/2006
- Data as of
- 12/2023
- EIN
- 20-4200423
Organization Overview
Charles Knox And Margaret C Etnerfoundation is located in Wellsboro, PA. The organization was established in 2006. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Charles Knox And Margaret C Etnerfoundation 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, Charles Knox And Margaret C Etnerfoundation generated $127.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $119.4k during the year ending 12/2023. While expenses have increased by 3.0% per year over the past 8 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 2016, Charles Knox And Margaret C Etnerfoundation has awarded 112 individual grants totaling $676,114. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PRIMARILY BENEFITS THE CHARITABLE AND EDUCATIONAL ACTIVITIES OF 501(C)(3) ORGANIZATIONS IN THE WELLSBORO PA AREA. DIRECTORS ARE APPOINTED TO THE BOARD
OF THE CHARLES KNOX & MARGARET C ETNER FOUNDATION BY SPECIFIC WELLSBORO PA 501(C)(3) AND GOVERNMENTAL ORGANIZATIONS. THE ORGANIZATIONS THAT APPOINT DIRECTORS
TO THE BOARD OF THE ETNER FOUNDATION EITHER CONDUCT OR OVERSEE THE CHARITABLE ACTIVITIES FUNDED BY THE ETNER FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee | 10 | $23,233 | |
Thomas Rudy C&n Bank Rep | 5 | $0 | |
John Wheeler Wellsboro Borough Mayor | 5 | $0 | |
Dr Brenda Freeman Wellsboro Area Schools Supt | 5 | $0 | |
Julie Vanness Wellsboro Area Chamber Of Commerce Rep | 5 | $0 | |
Amy Decamp Board Member | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,385 |
| Dividends & Interest | $59,644 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $65,517 |
| Capital Gain Net Income | $65,517 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $127,546 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $23,233 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $125 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $16 |
| Total operating and administrative expenses | $24,726 |
| Contributions, gifts, grants paid | $94,693 |
| Total expenses and disbursements | $119,419 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $42,932 |
| 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 | $212,594 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,104,923 |
| 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, Charles Knox And Margaret C Etnerfoundation has awarded $94,693 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
WELLSBORO TEEN CENTER INC PURPOSE: SUPPLIES ANDOPERATING COSTSREPLACE AGING EQUIPMENT | $1,500 |
WELLSBORO COMMUNITY CONCERT ASSOC PURPOSE: PERFORMER FEESSOUNDMAN FEESOUTREACH EFFORTS | $1,500 |
DEANE CENTER FOR THE PERFORMING ARTS INC PURPOSE: MUSIC PARK PROJECT,FREE SUMMERCONCERT SALES | $3,000 |
WELLSBORO FOUNDATION INC PURPOSE: VARIOUSPROJECTS | $36,448 |
EMMF PURPOSE: EDUCATIONAL ANDCULTURAL OUTREACH | $2,500 |
TIOGA PARTNERSHIP FOR COMMUNITY HEALTH PURPOSE: TIOGA COUNTYTRAIL PROJECT | $12,500 |