Knight Family Foundation
- Assets
- $13.4m
- Revenue
- $2.9m
- Investments
- $11.5m
- Employees
- 0
- Location
- Lake Forest, IL
- Founding
- 09/2010
- Data as of
- 12/2021
- 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 12/2021, Knight Family Foundation generated $2.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (4.2%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Knight Family Foundation has awarded 53 individual grants totaling $5,248,036. 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 |
|---|---|---|---|
Lester B Knight Trustee | 2 | $0 | |
Rebecca W Knight Trustee | 30 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000,000 |
| Interest on Savings | $3 |
| Dividends & Interest | $280,376 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,643,185 |
| Capital Gain Net Income | $1,643,185 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,923,564 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $21,067 |
| Depreciation | $0 |
| Occupancy | $20,280 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,068 |
| Total operating and administrative expenses | $126,747 |
| Contributions, gifts, grants paid | $1,482,445 |
| Total expenses and disbursements | $1,609,192 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,897,900 |
| 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 | $1,186,279 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $13,410,132 |
| 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 $1,482,445 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
ONE ACRE FUND PURPOSE: GENERAL SUPPORT | $1,000,000 |
Evanston, IL PURPOSE: KNIGHT SCHOLARSHIP FUND | $250,000 |
CHICAGO CARES PURPOSE: SUPPORT OF AMPT: ADVANCING NONPROFITS | $50,000 |
Chicago, IL PURPOSE: GENERAL SUPPORT | $35,000 |
Chicago, IL PURPOSE: FUNDS FOR THE PURCHASE OF FOOD FOR THE NEEDY | $25,000 |
WOMEN IN NEED (WIN) PURPOSE: GENERAL SUPPORT | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Louis Scott Gallagher Foundation Fenton, MO | $6,377,581 | $8,959,204 |
Westfield Youth Soccer Association Inc Westfield, IN | $2,587,107 | $4,763,711 |
St Louis Youth Soccer Association St Louis, MO | $4,226,499 | $2,965,176 |
United States Senior Soccer Division Inc Bridgeview, IL | $4,213,384 | $3,420,004 |
Kc Select Soccer Club Inc Lees Summit, MO | $1,292,949 | $3,186,374 |
Elmbrook United Inc Brookfield, WI | $2,087,528 | $2,637,814 |
Galaxy Soccer Club Naperville, IL | $1,060,372 | $2,271,460 |
Wisconsin Juniors Volleyball Club Inc Salem, WI | $545,041 | $2,203,549 |
Illinois Youth Soccer Assocn Inc Arlington Heights, IL | $5,708,000 | $2,009,135 |
Avalon Football Club Ofallon, MO | $919,061 | $2,095,035 |
Bavarian United Soccer Club Inc Milwaukee, WI | $2,758,196 | $2,276,734 |
Fc Pride Inc Indianapolis, IN | $2,673,957 | $1,917,044 |