Knights Of Columbus
- Assets
- $39.4k
- Revenue
- $39.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Loogootee, IN
- Founding
- 10/1940
- Data as of
- 12/2021
- EIN
- 35-0446260
Organization Overview
Knights Of Columbus is located in Loogootee, IN. The organization was established in 1940. According to its NTEE Classification (Y41) the organization is classified as: Fraternal Beneficiary Societies, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Knights Of Columbus is a 501(c)(8) and as such, is described as a "Fraternal Beneficiary Society and/or Association" by the IRS.
For the year ending 12/2021, Knights Of Columbus generated $39.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (14.5%) each year. All expenses for the organization totaled $21.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (22.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE KNIGHTS OF COLUMBUS IS A FRATERNAL BENEFICIAL SOCIETY ESTABLISHED TO PROVIDE INSURANCE BENEFITS TO ITS MEMBERS AND THEIR DEPENDENTS. IT ALSO SUPPORTS CHARITABLE, CIVIC, RELIGIOUS AND EDUCATIONAL ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KNIGHTS OF COLUMBUS COUNCIL 732, LOOGOOTEE, INDIANA IS A FRATERNAL BENEFICIAL SOCIETY THAT IS OPERATED UNDER A "COUNCIL SYSTEM" FOR THE EXCLUSIVE BENEFIT OF ITS MEMBERS. COUNCIL 732 IS LARGELY SELF GOVERNING AND CARRIES ON ITS ACTIVITIES UNDER A GROUP EXEMPTION RULING FROM THE IRS RECEIVED BY THE KNIGHTS OF COLUMBUS NATIONAL ORGANIZATION IN 1940. THIS GROUP TAX EXEMPTIONS EXTENDS TO SUBORDINATE COUNCILS SUCH AS COUNCIL 732. COUNCIL 732 HAS AN ESTABLISHED SYSTEM FOR THE PAYMENT TO ITS MEMBERS AND THEIR DEPENDENTS OF LIFE INSURANCE AND OTHER INSURANCE BENEFITS.
FINANCIAL SUPPORT IS PROVIDED TO CHARITABLE, RELIGIOUS, CIVIC AND EDUCATIONAL ORGANIATIONS SUCH AS THE GIBAULT SCHOOL FOR BOYS & GIRLS. THIS ORGANIZATION SERVES TROUBLED CHILDREN AND PROVIDES A SCHOOL FOR GETTING ITS STUDENTS BACK ON TRACK EMOTIONALLY AND ACADEMICALLY. THE GOAL BEING TO HELP THEM BECOME LAW ABIDING AND PRODUCTIVE ADULTS.
THE KNIGHTS OF COLUMBUS ALSO SUPPORTS VARIOUS LOCAL CHARITIES AND ORGANIZATIONS FINANCIALLY. SOME OF THE PROGRAMS ARE YOUTH ACTIVITES EMPHASIZING SPORTSMANSHIP, ACADEMIC PROGRAMS WHICH ENCOURAGE CATHOLIC YOUTH TO FURTHER THEIR EDUCATION THROUGH COLLEGE SCHOLARSHIPS AND OTHER PROGRAMS WHICH SUPPORT CIVIC AND COMMUNITY ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Bauer Trustee | Officer | $0 | |
F Lonnie Hawkins Financial Se | Officer | $0 | |
FR Kenneth Walker Chaplain | Officer | $0 | |
Tim Bradley Deputy Grand | Officer | $0 | |
Kenneth Arvin Trustee | Officer | $0 | |
Rick Colvin Grand Knigh | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $9,501 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,501 |
| Total Program Service Revenue | $0 |
| Investment income | $1 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $8,689 |
| Net Income from Gaming Activities | $15,860 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $38,961 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,207 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $1,105 |
| Total functional expenses | $21,076 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,453 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,964 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $39,417 |
| Accounts payable and accrued expenses | $0 |
| 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 | $71 |
| Total liabilities | $71 |
| 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 | $39,346 |
| Total liabilities and net assets/fund balances | $39,417 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fraternal Order Of Police Springfield, IL | $4,655,604 | $3,378,410 |
Knights Of Columbus Madison, WI | $2,948,224 | $1,587,432 |
Grand Lodge Af & Am Of Mo Columbia, MO | $32,765,644 | $3,925,991 |
Fraternal Order Of Police Indianapolis, IN | $2,947,250 | $1,361,555 |
Knights Of Columbus Vincennes, IN | $519,421 | $1,320,195 |
Fraternal Order Of Police Springfield, IL | $2,221,177 | $1,282,893 |
Fraternal Order Of Police Kansas City, MO | $1,876,006 | $1,253,376 |
Knights Of Columbus Muncie, IN | $2,260,744 | $836,974 |
Fraternal Order Of Police Louisville, KY | $1,151,770 | $745,209 |
Fraternal Order Of Police Lexington, KY | $1,534,009 | $721,952 |
Independent Order Of Odd Fellows Indianapolis, IN | $4,202,872 | $398,036 |
Fraternal Order Of Police Indianapolis, IN | $2,056,132 | $736,087 |