Edward B And Joan T Knight Foundation Inc
- Assets
- $51.1m
- Revenue
- $2.5m
- Investments
- $49.0m
- Employees
- 0
- Location
- Key West, FL
- Founding
- 02/2018
- Data as of
- 06/2024
- 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 06/2024, Edward B And Joan T Knight Foundation Inc generated $2.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (40.0%) each year. All expenses for the organization totaled $2.6m during the year ending 06/2024. 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 126 individual grants totaling $8,833,282. 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 | $1,684,389 |
| Dividends & Interest | $355,392 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $402,751 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $42,697 |
| Total Revenue | $2,485,229 |
| 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 | $26,973 |
| Depreciation | $0 |
| Occupancy | $12,296 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25,429 |
| Total operating and administrative expenses | $544,798 |
| Contributions, gifts, grants paid | $2,099,315 |
| Total expenses and disbursements | $2,644,113 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $778,123 |
| Savings and temporary cash investments | $1,360,458 |
| 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 | $25,727,237 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $51,146,216 |
| Accounts payable and accrued expenses | $1,526 |
| 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 | $1,526 |
Grants Awarded
Over the last fiscal year, Edward B And Joan T Knight Foundation Inc has awarded $2,099,315 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
KEY WEST IMPROMPTU CLASSICAL CONCER PURPOSE: PROMOTE MUSIC IN MONROE COUNTY | $20,000 |
SOUTH FLORIDA COUNCIL-BOY SCOUTS PURPOSE: BOY SCOUNTS SUPPORT | $118,500 |
WESTLEY HOUSE FAMILY SERVICE PURPOSE: BUILDING | $600,000 |
FL KEYS HEALTHY START COALITION PURPOSE: EDUCATION | $183,846 |
SAMUEL'S HOUSE INC PURPOSE: FAMILY SERVICES | $40,000 |
MONROE COUNTY EDUCATIONAL FOUNDATIO PURPOSE: EDUCATION | $150,000 |