James A & Faith Knight Foundation
- Assets
- $12.2m
- Revenue
- $766.7k
- Investments
- $11.5m
- Employees
- 0
- Location
- Ann Arbor, MI
- Founding
- 05/1999
- Data as of
- 12/2022
- EIN
- 38-3465904
Organization Overview
James A & Faith Knight Foundation is located in Ann Arbor, MI. The organization was established in 1999. 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. James A & Faith Knight 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 12/2022, James A & Faith Knight Foundation generated $766.7k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, James A & Faith Knight Foundation has awarded 300 individual grants totaling $6,919,152. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol Knight-Drain President | 20 | $30,000 | |
Scott Drain Treasurer | 10 | $10,000 | |
Christopher Ballard Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $43,163 |
| Dividends & Interest | $434,031 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $270,757 |
| Capital Gain Net Income | $270,757 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $18,724 |
| Total Revenue | $766,675 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $40,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,814 |
| Depreciation | $64 |
| Occupancy | $22,100 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $13,235 |
| Total operating and administrative expenses | $173,373 |
| Contributions, gifts, grants paid | $961,100 |
| Total expenses and disbursements | $1,134,473 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $698,787 |
| 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 | $1,575 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $3,760 |
| Other assets | $6,500 |
| Total assets | $12,234,571 |
| Accounts payable and accrued expenses | $230 |
| 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 | $230 |
Grants Awarded
Over the last fiscal year, James A & Faith Knight Foundation has awarded $961,100 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
ANIMALS AND SOCIETY INSTITUTE PURPOSE: SUPPORT THE GENERAL OPERATIONS | $15,000 |
BIRD CENTER OF WASHTENAW COUNTY PURPOSE: SUPPORT THE COST FOR 14 NEW INTERNS | $26,000 |
THERAPEUTIC RIDING INC PURPOSE: TO SUPPORT THE ADOPT-A-HORSE PROGRAM | $12,000 |
SOUTHEAST MICHIGAN LAND CONSERVANCY PURPOSE: GENERAL OPERATING AND STAFF EXPENSES | $15,000 |
ANN ARBOR AREA COMMUNITY FOUNDATION PURPOSE: SUPPORT THE COMMUNITY COLLEGE SCHOLA | $10,000 |
YPSILANTI DISTRICT LIBRARY PURPOSE: NEW LIBRARY | $50,000 |