Knight Family Foundation
- Assets
- $14.4m
- Revenue
- $5.1m
- Investments
- $12.5m
- Employees
- 0
- Location
- Lake Forest, IL
- Founding
- 09/2010
- Data as of
- 12/2022
- EIN
- 27-6566394
Organization Overview
Knight Family Foundation is located in Lake Forest, IL. The organization was established in 2010. According to its NTEE Classification (N64) the organization is classified as: Soccer, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Knight 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 12/2022, Knight Family Foundation generated $5.1m in total revenue. All expenses for the organization totaled $2.0m during the year ending 12/2022. While expenses have increased by 7.4% per year over the past 4 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 2019, Knight Family Foundation has awarded 71 individual grants totaling $7,102,442. 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 |
|---|---|---|---|
Rebecca W Knight Trustee | 30 | $0 | |
Lester B Knight Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,016,959 |
| Interest on Savings | $3 |
| Dividends & Interest | $286,327 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$234,019 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,069,270 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $33,039 |
| Depreciation | $0 |
| Occupancy | $11,640 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,133 |
| Total operating and administrative expenses | $162,819 |
| Contributions, gifts, grants paid | $1,854,406 |
| Total expenses and disbursements | $2,017,225 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,905,992 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $14,398,173 |
| 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, Knight Family Foundation has awarded $1,854,406 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
BREAKTHROUGH URBAN MINISTRIES PURPOSE: GENERAL SUPPORT | $100,000 |
BY THE HAND CLUB FOR KIDS PURPOSE: GENERAL SUPPORT | $120,000 |
ALL CHICAGO MAKING HOMELESSNESS HISTORY PURPOSE: GENERAL SUPPORT | $10,000 |
CHICAGO CARES PURPOSE: SUPPORT OF AMPT: ADVANCING NONPROFITS | $50,000 |
FOOD BANK OF THE SOUTHERN TIER PURPOSE: GENERAL SUPPORT | $10,000 |
GREATER CHICAGO FOOD DEPOSITORY PURPOSE: FUNDS FOR THE PURCHASE OF FOOD FOR THE NEEDY | $56,500 |