Knox County Foundation

Organization Overview

Knox County Foundation is located in Mount Vernon, OH. The organization was established in 2002. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2023, Knox County Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Knox County 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 12/2023, Knox County Foundation generated $9.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $5.0m during the year ending 12/2023. While expenses have increased by 1.9% per year over the past 9 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 2015, Knox County Foundation has awarded 363 individual grants totaling $18,186,635. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO IMPROVE THE QUALITY OF LIFE IN KNOX COUNTY THROUGH PLANNED CHARITABLE GIVING. TO PROVIDE A VEHICLE FOR DONORS OF VARIED INTERESTS TO SUPPORT CHARITABLE AND COMMUNITY ACTIVITIES. TO ASSESS AND RESPOND TO EMERGING AND CHANGING COMMUNITY NEEDS IN THE FIELDS OF EDUCATION, YOUTH SERVICES, RECREATION, ARTS AND CULTURE, SOCIAL SERVICES, AND CIVIC, ECONOMIC AND COMMUNITY DEVELOPMENT. TO DEVELOP A PERMANENT ENDOWMENT FOR THE COMMUNITY, AND TO SERVE AS A CATALYST FOR THE INITIATION OF VITAL PROJECTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

GRANTS AWARDED TO QUALIFYING NON-PROFIT ORGANIZATIONS AS EITHER APPROVED BY THE FOUNDATION BOARD OR AS RECOMMENDED OR DESIGNATED BY DONORS. GRANTS AWARDED ARE TO ADDRESS CHARITABLE WISHES OF FOUNDATION DONORS (DONOR ADVISED/DESIGNATED FUNDS) OR BASED UPON COMMUNITY NEEDS AS DETERMINED BY THE FOUNDATION BOARD (COMMUNITY IMPACT AND FIELD OF INTEREST FUNDS).


AWARDED SCHOLARSHIPS TO KNOX COUNTY STUDENTS BASED UPON ESTABLISHED ELIGIBILITY REQUIREMENTS AND MERIT. REQUIREMENTS INCLUDE BUT ARE NOT LIMITED TO ACADEMIC ACHIEVEMENT, FIELD OF INTEREST, AND AFFILIATIONS WITH SPECIFIC SCHOOLS OR EMPLOYERS. DONORS ESTABLISH SCHOLARSHIP FUNDS TO ASSIST QUALIFYING STUDENTS WITH TUITION COSTS. THE FOUNDATION UTILIZIES A SCHOLARSHIP COMMITTEE THAT REVIEWS APPLICATION REQUESTS FROM GRADUATING HIGH SCHOOL SENIORS AND ADULTS MORE THAN TWO YEARS AFTER HIGH SCHOOL GRADUATION. SCHOLARSHIPS ARE AVAILABLE FOR DEGREES AT TWO OR FOUR YEAR COLLEGES AND UNIVERSITIES AS WELL AS ACCREDITED TRADE & TECHNICAL SCHOOLS.


COMMUNITY DEVELOPMENT PROJECTS TO ENHANCE LOCAL VIBRANCY AND RECREATIONAL ACTIVITIES IN CITIES AND VILLAGES LOCATED IN KNOX COUNTY. DURING 2023, KNOX COUNTY FOUNDATION SUPPORTED KNOX DEVELOPMENT PARTNERSHIP TO ACQUIRE KEY BUILDINGS LOCATED IN THE DOWNTOWN MOUNT VERNON ECONOMIC CORRIDOR. IN ADDITION, KNOX COUNTY FOUNDATION SUPPORTED VILLAGE PROJECTS INCLUDING THE FREDERICKTOWN SPLASH PAD AND THE ACKERMAN NATURE RESERVE PROJECT.


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Board, Officers & Key Employees

Name (title)Compensation
Jeffrey Scott
Executive Dir.
$141,000
Marc Odenweller
Finance Dir.
$94,430
Marsha Rinehart
Chair
$0
Ian Watson
Vice-Chair
$0
Kurt Schisler
Treasurer
$0
Kim Rose
Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$5,041,878
Noncash contributions included in lines 1a–1f $2,531,810
Total Revenue from Contributions, Gifts, Grants & Similar$5,041,878
Total Program Service Revenue$131,733
Investment income $1,737,074
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $2,744,583
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $9,655,268

Grants Awarded

Over the last fiscal year, Knox County Foundation has awarded $2,121,857 in support to 50 organizations.

Grant RecipientAmount

ALCOHOL & DRUG FREEDOM

PURPOSE: Donor Designations

$107,000

AMERICAN RED CROSS OF KNOX CO

PURPOSE: Designated Fund/Donor Advised

$13,735

ARC OF APPALACHIA

PURPOSE: Designated Support

$7,000

BLADENSBURG COMM HERITAGE

PURPOSE: Donor Advised - ADA Access.

$10,000

CAMP CORNISH FOUNDATION

PURPOSE: Operational Support

$10,000

CENTERBURG SENIOR SERVICES

PURPOSE: Parking Lot/Entrance Project

$49,909
View Grant Profile

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