American Knife And Tool Institute Inc
- Assets
- $108.7k
- Revenue
- $181.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Cody, WY
- Founding
- 11/1999
- Data as of
- 12/2022
- EIN
- 42-1472615
Organization Overview
American Knife And Tool Institute Inc is located in Cody, WY. The organization was established in 1999. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Knife And Tool Institute Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, American Knife And Tool Institute Inc generated $181.7k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $215.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO EDUCATE, PROMOTE, AND INFORM ABOUT VARIOUS TYPES OF KNIVES AND FUNCTION FOLDING TOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE AMERICAN KNIFE AND TOOL INSTITUTE (AKTI) REPRESENTS ALL SEGMENTS OF THE KNIFE INDUSTRY AND ALL KNIFE USERS; AND IS RECOGNIZED WORLD WIDE AS A RESPECTED, CREDIBLE AND ACCURATE SOURCE FOR LEGISLATIVE INPUT, LEGISLATION STATUS AND INDUSTRY INFORMATION PERTAINING TO KNIVES AND EDGED TOOLS. AKTI PROVIDES A FOCAL POINT FOR RESOURCES AND VOLUNTEER ENERGY IN THE SENSIBLE EVOLUTION, DEVELOPMENT, AND THE CONSISTENT ENFORCEMENT OF KNIFE LEGISLATION. AKTI IS THE GO TO SOURCE FOR EDUCATIONAL CONTENT ABOUT THE HISTORY AND FUTURE OF KNIVES AND EDGED TOOLS. AKTI HAS BEEN THE REASONABLE AND RESPONSIBLE VOICE OF THE KNIFE-MAKING AND KNIFE-USING COMMUNITY SINCE 1998.TO ACCOMPLISH THIS MISSION AKTI'S GOALS ARE TO: 1) PROMOTE - DEVELOPED AND MAINTAINED RELATIONSHIPS TO MAKE CHANGES TO LEGISLATION IN FOUR DIFFERENT STATES AND 1 FEDERAL INITIATIVE, PROMOTING KNIVES AS VALUABLE EVERYDAY TOOLS. SUPPORTED THE CONGRESSIONAL SPORTSMEN'S FOUNDATION ANNUAL EVENT (APPROXIMATELY 100 FEDERAL LEGISLATORS AND STAFF), THE NATIONAL ASSEMBLY OF SPORTSMEN'S CAUCUS (APPROXIMATELY 200 STATE LEGISLATORS AND STAFF), HELD VIRTUAL MEETINGS WITH LEGISLATORS AND KEY POLICY MAKERS REGARDING THE UTILITY OF KNIVES AND THE IMPORTANCE OF KNIVES AS TOOLS, AS WELL AS COMMON ISSUES IN KNIFE LAWS THAT NEED TO BE ADDRESSED.2) EDUCATE - MAINTAIN CURRENT AND ACCURATE INFORMATION ON THE KNIFE LAWS IN ALL 50 STATES, D.C., AND ON THE FEDERAL LEVEL. 3) INFORM - ASSISTED OVER 20 INDIVIDUALS WITH LEGAL ISSUES AND/OR REFERRED TO ATTORNEYS OR EXPERTS FOR ADDITIONAL ASSISTANCE. ANSWERED NUMEROUS QUESTIONS FOR INDIVIDUALS AND COMPANIES REGARDING SPECIFIC KNIFE LAW QUESTIONS IN THEIR CITY OR STATE. PROVIDED INFORMATION ON DEALING WITH COUNTERFEIT KNIVES, EXPORTING KNIVES AND HOW TO START A KNIFE BUSINESS. COMMUNICATED BY EMAIL WITH MEMBERS AND SUPPORTERS (OVER 30 TIMES) ON LEGISLATIVE OR EDUCATIONAL ISSUES. DISTRIBUTED OVER 500 BROCHURES FOR FIRST TIME KNIFE USERS. DISTRIBUTED OVER 1,000 CARDS ABOUT THE RESPONSIBILITIES OF A KNIFE USER. PUBLISHED 12 ARTICLES EXPLAINING KNIFE LAWS AND ISSUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jan Billeb Executive Director | Officer | 30 | $61,000 |
Mark Schreiber-President Columbia River Knife | OfficerTrustee | 10 | $0 |
John Sullivan-Vice Pres Wr Case & Sons | OfficerTrustee | 10 | $0 |
Cj Buck Buck Knives Inc | Trustee | 10 | $0 |
Jon DE Asis Benchmade | Trustee | 2 | $0 |
Chas Fisher Boker | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $14,785 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,888 |
| Noncash contributions included in lines 1a–1f | $14,785 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,673 |
| Total Program Service Revenue | $175,588 |
| Investment income | $347 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$11,962 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $181,666 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $61,000 |
| 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 | $11,000 |
| Fees for services: Accounting | $4,987 |
| Fees for services: Lobbying | $82,500 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $23,450 |
| Advertising and promotion | $2,372 |
| Office expenses | $1,504 |
| Information technology | $4,842 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $6,994 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,048 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,325 |
| All other expenses | $3,428 |
| Total functional expenses | $214,973 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $108,736 |
| 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 | $0 |
| 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 | $108,736 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $108,736 |
| 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 | $108,736 |