Speckhard-Knight Charitable Foundation
- Assets
- $4.3m
- Revenue
- $225.6k
- Investments
- $4.3m
- Employees
- 0
- Location
- Ann Arbor, MI
- Founding
- 06/1999
- Data as of
- 12/2022
- EIN
- 38-3466344
Organization Overview
Speckhard-Knight Charitable 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. Speckhard-Knight Charitable 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, Speckhard-Knight Charitable Foundation generated $225.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $436.8k during the year ending 12/2022. While expenses have increased by 5.7% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Speckhard-Knight Charitable Foundation has awarded 233 individual grants totaling $2,432,393. 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 |
|---|---|---|---|
Maureen Knight President & Treasurer | 10 | $18,408 | |
Marcus Knight Member | 1.25 | $8,000 | |
Jessica Knight Secretary | 1.25 | $8,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $69,207 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $151,867 |
| Capital Gain Net Income | $150,628 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,517 |
| Total Revenue | $225,591 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $18,860 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $18,305 |
| Interest | $0 |
| Taxes | $12,057 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $14,727 |
| Total operating and administrative expenses | $116,765 |
| Contributions, gifts, grants paid | $320,024 |
| Total expenses and disbursements | $436,789 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $88,758 |
| 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 | $3,932,013 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,340,235 |
| 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, Speckhard-Knight Charitable Foundation has awarded $320,024 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
BIG BROTHERS BIG SISTERS OF WASHTENAW CTY PURPOSE: OPERATIONS | $4,749 |
FRIENDS OF THE MASTER PURPOSE: PROGRAMS | $2,500 |
GIRL'S GROUP PURPOSE: GENERAL SUPPORT | $10,000 |
HANDS ACROSS THE WATER PURPOSE: OPERATIONS | $15,000 |
JACKSON SYMPHONY ORCHESTRA PURPOSE: PROGRAMS | $5,000 |
NORTH STAR REACH PURPOSE: GENERAL OPERATIONS | $7,500 |