Massillon Knights Foundation
- Assets
- $180.6k
- Revenue
- $260.4k
- Investments
- $0.0
- Employees
- 38
- Location
- Massillon, OH
- Founding
- 03/1992
- Data as of
- 12/2023
- EIN
- 34-1681161
Organization Overview
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 12/2023, 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 12/2023, Massillon Knights Foundation generated $260.4k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $290.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.6%) per year over the past 8 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
2023
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 PROFITORGANIZATIONS AS LISTED ON SCHEDULE FORM PART IX LINE 1
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Sieber Trustee | Trustee | 2 | $0 |
William Beese Trustee | Trustee | 2 | $0 |
Robert Pittinger Trustee | Trustee | 2 | $0 |
Dan Skirtich Trustee | Trustee | 2 | $0 |
Rick Chapis Trustee | Trustee | 2 | $0 |
James Brelish Treasurer | Officer | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $6,600 |
| Fundraising events | $266,932 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,246 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $276,778 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$31,060 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$58,893 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $73,554 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $260,379 |
| 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 | $171,544 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,636 |
| 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 | $833 |
| Office expenses | $4,410 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $77,692 |
| 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 | $11,872 |
| Insurance | $4,561 |
| All other expenses | $0 |
| Total functional expenses | $290,580 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,542 |
| 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 | $103,231 |
| Investments—publicly traded securities | $44,790 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $180,563 |
| Accounts payable and accrued expenses | $30,873 |
| 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 | $30,873 |
| 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 | $149,690 |
| Total liabilities and net assets/fund balances | $180,563 |