Knights Of Columbus
- Assets
- $130.6k
- Revenue
- $79.2k
- Investments
- $0.0
- Employees
- 25
- Location
- Big Lake, MN
- Founding
- 10/1940
- Data as of
- 06/2024
- EIN
- 41-1800027
Organization Overview
Knights Of Columbus is located in Big Lake, MN. The organization was established in 1940. According to its NTEE Classification (Y41) the organization is classified as: Fraternal Beneficiary Societies, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 06/2024, Knights Of Columbus employed 25 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Knights Of Columbus is a 501(c)(8) and as such, is described as a "Fraternal Beneficiary Society and/or Association" by the IRS.
For the year ending 06/2024, Knights Of Columbus generated $79.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $107.5k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (2.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Knights Of Columbus has awarded 41 individual grants totaling $461,491. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HELP FOR INDIVIDUALS IN NEED, SUPPORT YOUTH & RELIGIOUS ACTIVITIES, AND PROVIDE COMMUNITY EVENTS/SERVICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE HELP FOR INDIVIDUALS IN NEED AND SUPPORT YOUTH AND RELIGIOUS ACTIVITIES THROUGH GAMBLING AND FUNDRAISING ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Gillham Inside Guard | OfficerTrustee | 1 | $0 |
James Valiant Lecturor | OfficerTrustee | 1 | $0 |
James Pionk Warden | OfficerTrustee | 1 | $0 |
Thomas Lee Outside Guard | OfficerTrustee | 1 | $0 |
Leslie Hinrichs Trustee | OfficerTrustee | 1 | $0 |
Randall Anderson Trustee | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $2,410 |
| Investment income | $255 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $7,268 |
| Net Income from Gaming Activities | $69,276 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $79,209 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $76,178 |
| Grants and other assistance to domestic individuals. | $26,209 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $2,060 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $366 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $573 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $540 |
| All other expenses | $322 |
| Total functional expenses | $107,495 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $130,301 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $340 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $130,641 |
| Accounts payable and accrued expenses | $1,057 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,057 |
| Net assets without donor restrictions | $129,584 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $130,641 |
Grants Awarded
Over the last fiscal year, Knights Of Columbus has awarded $49,500 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
BIG LAKE HIGH SCHOOL TRAP TEAM BOOS PURPOSE: Support | $8,000 |
BIG LAKE BASEBALL BOOSTERS PURPOSE: Support | $10,000 |
BIG LAKE ROBOTICS BOOSTERS PURPOSE: Support | $5,000 |
MINNESOTA JETS PURPOSE: Support | $6,000 |
CITY OF BIG LAKE PURPOSE: Support | $15,500 |
LEGACY 2 INSPIRE PURPOSE: Support | $5,000 |