Massillon Knights Foundation is located in Massillon, OH. The organization was established in 1992. According to its NTEE Classification (X12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Massillon Knights Foundation employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Massillon Knights 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, Massillon Knights Foundation generated $295.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $143.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (10.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AREA CATHOLIC CHURCHES AND CATHOLIC SCHOOLS
Describe the Organization's Program Activity:
NIGHT AT THE RACES AND MEMBERS NIGHTS FOR THE BENEFIT OF NON PROFIT ORGANIZATIONS AS LISTED ON SCHEDULE FOR PART IX LINE 1
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Paul Lambert President | Officer | 4 | $0 |
William Shane Vice President | Officer | 2 | $0 |
Robert Pittinger Trustee | Officer | 2 | $0 |
Jeff Heitger Secretary | Officer | 4 | $0 |
James Brelish Treasurer | Officer | 4 | $0 |
Dan Skirtich Trustee | Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $3,138 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $5,000 |
All other contributions, gifts, grants, and similar amounts not included above | $112,313 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $120,451 |
Total Program Service Revenue | $0 |
Investment income | $0 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $4,185 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $66,165 |
Net Income from Sales of Inventory | $104,934 |
Miscellaneous Revenue | $0 |
Total Revenue | $295,735 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $103,247 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $10,282 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $1,590 |
Office expenses | $975 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $18,574 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $143,237 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $74,245 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $1,000 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $134,485 |
Investments—publicly traded securities | $45,353 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $255,083 |
Accounts payable and accrued expenses | $30,763 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $30,763 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $224,320 |
Total liabilities and net assets/fund balances | $255,083 |
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