Knights Of Columbus
- Assets
- $502.2k
- Revenue
- $73.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Algonquin, IL
- Founding
- 10/1940
- Data as of
- 12/2023
- EIN
- 36-3909534
Organization Overview
Knights Of Columbus is located in Algonquin, IL. 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 12/2023, Knights Of Columbus generated $73.2k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $67.9k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
A CATHOLIC FRATERNAL ORGANIZATION DEDICATED TO CONDUCTING CHARITABLE, RELIGOUS, AND SOCIAL WELFARE WORKS, RENDERING ASSISTANCE TO SICK AND NEEDY MEMBERS AND THEIR FAMILIES AND THE COMMUNITY, AND PROVIDING INSURANCE PRODUCTS TO BENEFIT MEMBERS, WIVES, AND CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR COUNCIL DONATED 45,250 TO VARIOUS LOCAL CHARITABLE ORGANIZATIONS, INCLUDING OUR PARISH, LOCAL FOOD PANTRY, SPECIAL OLYMPICS, HAITI MISSION, INTELLECTUAL DISABILITIES, ST VINCENT DEPAUL, CULTURE OF LIFE AND OTHERS. OUR MEMBERS AND THEIR FAMILIES DONATE THOUSANDS OF HOURS IN VOLUNTEERING FOR CHARITABLE ENDEAVORS.
THE COUNCIL INCURRED 9,051 IN SUPPORT OF VARIOUS COMMUNITY ACTIVITIES, SUCH AS PAINTING PORTIONS OF OUR PARISH SCHOOL AND CHURCH, SUPPORT FOR CANCER CHARITIES, ETC. MEMBERS AND THEIR FAMILIES VOULUNTEERED MANY HOURS IN THESE, AND OTHER ACTIVITIES THAT HAVE NO OUT OF POCKET COSTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Kouvelis Grand Knight | OfficerTrustee | 4 | $0 |
Jerry Gard Deputy Grand | OfficerTrustee | 2 | $0 |
FR Zbigniew Zajchowski Chaplain | Officer | 1 | $0 |
Brendan Driscoll Chancellor | OfficerTrustee | 1 | $0 |
Steve Wilson Warden | OfficerTrustee | 1 | $0 |
Greg Freund Financial Se | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,315 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,421 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,736 |
| Total Program Service Revenue | $0 |
| Investment income | $17,958 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $41,519 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $73,213 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $45,250 |
| 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 | $569 |
| Office expenses | $79 |
| 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 | $351 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,687 |
| All other expenses | $2,167 |
| Total functional expenses | $67,871 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $499,740 |
| 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 | $2,453 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $502,193 |
| 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 | $0 |
| Total liabilities | $0 |
| 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 | $502,193 |
| Total liabilities and net assets/fund balances | $502,193 |