Kgnb-Knbt Foundation Inc
- Assets
- $2.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- New Braunfels, TX
- Founding
- 11/2003
- Data as of
- 12/2022
- EIN
- 42-1586900
Organization Overview
Kgnb-Knbt Foundation Inc is located in New Braunfels, TX. The organization was established in 2003. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kgnb-Knbt 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 12/2022, Kgnb-Knbt Foundation Inc generated $87.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $85.5k during the year ending 12/2022. While expenses have increased by 6.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
KGNB-KNBT FOUNDATION ORGANIZES THE ANNUAL AMERICANA JAM HELD AT GRUENE HALL IN NEW BRAUNFELS. THE PROCEEDS ARE DONATED DIRECTLY TO THE LOCAL COMMUNITY. DUE TO COVID-19, THE AMERICANA JAM WAS CANCELLED IN 2020.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $72,299 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $15,463 |
| Other Revenue | $0 |
| Total Revenue | $87,762 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $8,000 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $7,464 |
| Total expenses | $85,526 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $2,309 |
| Other assets | $0 |
| Total assets | $2,309 |
| Total liabilities | $0 |
| Net assets or fund balances | $2,309 |