Knock Foundation Inc
- Assets
- $96.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Porter Ranch, CA
- Founding
- 06/2008
- Data as of
- 12/2021
- EIN
- 26-1592163
Organization Overview
Knock Foundation Inc is located in Porter Ranch, CA. The organization was established in 2008. 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. Knock 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 12/2021, Knock Foundation Inc generated $115.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.0%) each year. All expenses for the organization totaled $95.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
KNOCK FOUNDATION IS DEDICATED TO CREATING OPPORTUNITIES FOR UNDERSERVED POPULATIONS IN THE DEVELOPING WORLD, INCLUDING DEVELOPING COMPREHENSIVE, SELF-SUSTAINING AND HOLISTIC PRACTICES DESIGNED TO ALEVIATE POVERTY AND ITS ATTENDANT PROBLEMS.
Describe the Organization's Program Activity:
Part 3
GENERAL FUNDS: GENERAL FUNDS ARE CONTRIBUTIONS RECEIVED THAT ARE NOT SPECIFICALLY DESIGNATED BY DONORS FOR A PARTICULAR PROGRAM AND ARE USED FOR GENERAL EXEMPT PURPOSES IN SUPPORT OF THE OTHER LISTED ACCOMPLISHMENTS.
PIONEERING MINDS SCHOLARSHIP PROGRAM: SPONSORED STUDENTS TO SCHOOL/ TUITION INCLUDING EDUCATIONAL SCHOLARSHIPS FOR A NUMBER OF CHILDREN TO ATTEND BETTER PRIMARY AND SECONDARY SCHOOLS AND TECHNICAL TRAINING PROGRAMS BASED ON FINANCIAL NEED AND EDUCATIONAL CAPABILITY AND GOALS DETERMINED ON A CHILD BY CHILD BASIS; OUR SCHOLARSHIP PROGRAM CONTINUED TO REACH 40 STUDENTS, RANGING IN AGES FROM 11-20 YEARS OLD, NOW INCLUDING UNIVERSITY FOR THOSE OLDEST AND FARTHEST ALONG IN THEIR EDUCATIONAL STUDIES.
LUNCH PROGRAM: KNOCK PROVIDED SCHOOL LUNCH AT MRUPANGA PRIMARY SCHOOL FOR THE EIGHTH CONSECUTIVE YEAR AND AT LONGUO PRIMARY SCHOOL FOR THE FIFTH CONSECUTIVE YEAR, TO A TOTAL OF OVER 850 STUDENTS. STUDENT ATTENDANCE AND PERFORMANCE CONTINUES TO BE STRONG.BUSINESS DEVELOPMENT AND LIVELIHOODS: THIS YEAR WE CONTINUED OUR PROVISION OF ACCESS TO CAPITAL FOR SMALL BUSINESS DEVELOPMENT, FOCUSING ON AGRICULTURE AND ANIMAL HUSBANDRY. NO NEW LOANS WERE MADE, JUST SERVICING OF THE EXISTING LOANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Kowalczyk Director | 3 | $0 | |
Kim Krowne Director | 8 | $0 | |
F Bruce Cohen President | 3 | $0 | |
Barry W Krowne Secretary | 4 | $0 | |
David Grossman Director | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $115,315 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $115,315 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $7,741 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $2,279 |
| Total expenses | $95,576 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $86,746 |
| Other assets | $0 |
| Total assets | $96,082 |
| Total liabilities | $0 |
| Net assets or fund balances | $96,082 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Knock Foundation Inc has recieved totaling $5,175.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $5,075 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
James G Boswell Foundation Pasadena, CA | $149,317,114 | $5,540,300 |
Dj And T Foundation San Marino, CA | $47,605 | $2,666,565 |
Terasaki Family Foundation Los Angeles, CA | $55,847,762 | $8,456,920 |
The Green Foundation Pasadena, CA | $146,510,073 | $6,369,927 |
Winifred Stevens Foundation Tempe, AZ | $145,980,607 | $5,750,312 |
Smidt Foundation Beverly Hills, CA | $297,009,974 | $102,197,850 |
Arizona Sheet Metal Trade Trust Fund Phoenix, AZ | $16,953,948 | $8,730,285 |
Baker Street Foundation San Francisco, CA | $111,419,700 | $19,294,792 |
Pivotal Foundation Phoenix, AZ | $29,461,930 | $23,938,101 |
Fletcher Jones Foundation Pasadena, CA | $171,018,850 | $2,557,259 |
Angell Foundation Los Angeles, CA | $118,335,921 | $5,741,529 |
Ben And Catherine Ivy Foundation Scottsdale, AZ | $302,350,252 | $12,975,372 |