Knowles Foundation
- Assets
- $24.3m
- Revenue
- $2.4m
- Investments
- $23.6m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 06/1956
- Data as of
- 09/2023
- EIN
- 36-6051968
Organization Overview
Knowles Foundation is located in Chicago, IL. The organization was established in 1956. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Knowles 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 09/2023, Knowles Foundation generated $2.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (29.5%) each year. All expenses for the organization totaled $1.4m during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Knowles Foundation has awarded 97 individual grants totaling $4,847,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Dir/treas/sec | 0.5 | $0 | |
Name Not Listed Director/president | 0.5 | $0 | |
Name Not Listed Director | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Howard & Howard Attorneys Pllc | 9/29/23 | $99,345 |
Bank Of America Private Bank | 9/29/23 | $80,054 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,888,190 |
| Interest on Savings | $21,117 |
| Dividends & Interest | $564,661 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$122,259 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,351,709 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15,276 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,944 |
| Total operating and administrative expenses | $250,673 |
| Contributions, gifts, grants paid | $1,132,000 |
| Total expenses and disbursements | $1,382,673 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $663,743 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $751,320 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $24,279,182 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Knowles Foundation has awarded $1,132,000 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
ADLER PLANETARIUM PURPOSE: SCHOOL EXPERIENCES PROGRAM | $70,000 |
CHICAGO ARCHITECTURE CENTER PURPOSE: GENERAL FUND | $75,000 |
ELMHURST MEMORIAL HOSPITAL PURPOSE: BREAST HEALTH PROGRAM | $75,000 |
ALLIANCE FOR THE GREAT LAKES PURPOSE: GENERAL FUND | $30,000 |
FOUNDATION FOR HEARING AND SPEECH RESOURCES PURPOSE: MUSIC TO MY EARS PROGRAM | $33,000 |
FOUNDATION FOR HEARING AND SPEECH RESOURCES PURPOSE: MUSIC THERAPY PROGRAM | $15,000 |