Minnesota Knights Foundation

Organization Overview

Minnesota Knights Foundation is located in Jordan, MN. The organization was established in 1990. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, 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. Minnesota Knights 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 12/2023, Minnesota Knights Foundation generated $126.3k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $28.1k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (9.8%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THIS ORGANIZATION IS ORGANIZED EXCLUSIVELY FOR RELIGIOUS, CHARITABLE AND EDUCATIONAL PURPOSES TO SUPPORT THE ACTIVITIES OF THE ROMAN CATHOLIC CHURCH, ITS EDUCATIONAL INSTITUTIONS AND THE KNIGHTS OF COLUMBUS ORGANIZATION AND ITS ACTIVITIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SUPPORTING RELIGIOUS AND EDUCATIONAL EFFORTS OF THE ROMAN CATHOLIC CHURCH AND ITS EDUCATIONAL INSTITUTIONS AS WELL AS THE KNIGHTS OF COLUMBUS ORGANIZATION AND ITS ACTIVITIES.


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Board, Officers & Key Employees

Name (title)Compensation
James Terwedo
President
$0
Matthew Brietich
Vice Preside
$0
Darryl Tveitbakk
Secretary
$0
Mark Rilter
Director
$0
Richard Morgan
Treasurer
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $15,250
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$15,250
Total Program Service Revenue$0
Investment income $29,767
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $81,321
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $126,338

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