The John K & Elizabeth W Knorr Charitable Foundation
- Assets
- $4.0m
- Revenue
- $241.6k
- Investments
- $3.9m
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 07/1997
- Data as of
- 12/2022
- EIN
- 23-7876318
Organization Overview
The John K & Elizabeth W Knorr Charitable Foundation is located in Philadelphia, PA. The organization was established in 1997. 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. John K & Elizabeth W Knorr Charitable 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 12/2022, John K & Elizabeth W Knorr Charitable Foundation generated $241.6k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $265.5k during the year ending 12/2022. While expenses have increased by 1.5% per year over the past 5 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 2021, John K & Elizabeth W Knorr Charitable Foundation has awarded 45 individual grants totaling $470,500. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
The Glenmede Trust Company Trustee | 6 | $12,766 | |
Elizabeth K Payne Trustee | 1 | $0 | |
Jeffrey Brillhart Trustee | 1 | $0 | |
William Payne III Trustee | 1 | $0 | |
John Payne Trustee | 1 | $0 | |
Christa Payne Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $77,815 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $163,794 |
| Capital Gain Net Income | $163,794 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $241,609 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $12,766 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $17,256 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $30,022 |
| Contributions, gifts, grants paid | $235,500 |
| Total expenses and disbursements | $265,522 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $156,696 |
| 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 | $3,866,669 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,023,365 |
| 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, The John K & Elizabeth W Knorr Charitable Foundation has awarded $235,500 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
ARTOLERANCE PURPOSE: GENERAL OPERATING SUPPORT | $3,000 |
12 PLUS PURPOSE: GENERAL OPERATING SUPPORT | $30,000 |
BILLION OYSTER PROJECT INC PURPOSE: EDUCATIONAL PROGRAMS AT NY | $2,500 |
CHILDREN'S ADVOCACY CENTER OF SUFFOLK PURPOSE: STAYING SAFE ONLINE AND IRL | $10,000 |
DIGNITY HOUSING PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
EDUCATION LAW CENTER - PA PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |