Edward B And Joan T Knight Foundation Inc
- Assets
- $62.0m
- Revenue
- $2.3m
- Investments
- $29.6m
- Employees
- 0
- Location
- Key West, FL
- Founding
- 02/2018
- Data as of
- 06/2022
- EIN
- 38-4039936
Organization Overview
Edward B And Joan T Knight Foundation Inc is located in Key West, FL. The organization was established in 2018. According to its NTEE Classification (T30) the organization is classified as: Public 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. Edward B And Joan T Knight Foundation Inc 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 06/2022, Edward B And Joan T Knight Foundation Inc generated $2.3m 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 (54.5%) each year. All expenses for the organization totaled $1.9m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Edward B And Joan T Knight Foundation Inc has awarded 67 individual grants totaling $4,291,467. 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 |
|---|---|---|---|
Claude Gardner Jr President | 15 | $100,000 | |
Velma Christain Secretary | 15 | $100,000 | |
Lowell J Chick Treasuer | 15 | $100,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $863,999 |
| Dividends & Interest | $185,292 |
| Net Rental Income | $464,831 |
| Net Gain on Sale of Assets | $661,054 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $105,162 |
| Total Revenue | $2,280,338 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $300,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $22,950 |
| Interest | $0 |
| Taxes | $19,961 |
| Depreciation | $50 |
| Occupancy | $12,359 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,031 |
| Total operating and administrative expenses | $483,841 |
| Contributions, gifts, grants paid | $1,403,250 |
| Total expenses and disbursements | $1,887,091 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $257,850 |
| Savings and temporary cash investments | $1,341,803 |
| 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 | $5,416 |
| Net Investments - land, buildings, equipment | $30,795,000 |
| Investments—mortgage loans | $16,953,721 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $25 |
| Other assets | $0 |
| Total assets | $61,964,160 |
| 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, Edward B And Joan T Knight Foundation Inc has awarded $1,403,250 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
FL KEYS AREA HEALTH EDUCATION PURPOSE: HEATHCARE | $250,000 |
KEY WEST WILDLIFE CENTER PURPOSE: EDUCATION | $150,000 |
BASILICA SCHOOL OF SAINT MARY STAR PURPOSE: SCHOOL SUPPORT | $143,750 |
Key West, FL PURPOSE: FAMILY MEDICAL SERVICES | $100,000 |
KEY WEST MAC PURPOSE: FAMILY SERVICES | $100,000 |
SOUTH FLORIDA COUNCIL-BOY SCOUTS PURPOSE: BOY SCOUNTS SUPPORT | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of South Florida Institute Of Applied Engineering I Tampa, FL | $5,205,656 | $9,587,469 |
The Legacy Foundation At Shell Point Inc Fort Myers, FL | $5,518,203 | $5,863,574 |
East Lake Foundation Inc Atlanta, GA | $69,998,744 | $30,410,500 |
Scintilla Charter Academy Inc Valdosta, GA | $15,718,556 | $7,823,461 |
Tampa-Orlando-Pinellas Jewish Foundation Inc Tampa, FL | $66,534,235 | $10,949,791 |
Wellstar Foundation Inc Marietta, GA | $30,643,336 | $9,116,090 |
Chapters Health Foundation Inc Temple Terrace, FL | $14,703,109 | $7,254,901 |
Consortium Of Florida Education Foundations Inc Gainesville, FL | $1,204,122 | $5,873,511 |
Shepherd Center Foundation Inc Atlanta, GA | $141,754,007 | $86,686 |
Programa De Ayuda Humanitaria Para Venezuela Weston, FL | $8,434 | $5,060,742 |
Make-A-Wish Foundation Of Georgia Inc Atlanta, GA | $3,516,569 | $5,599,948 |
Pbsa Community Engagement Inc Atlanta, GA | $11,515,237 | $4,451,967 |