Knights Initiative Inc
- Assets
- $1.0m
- Revenue
- $310.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 07/2015
- Data as of
- 12/2021
- EIN
- 47-3975502
Organization Overview
Knights Initiative Inc, operating under the name Atlanta Cba Endowment Inc, is located in Atlanta, GA. The organization was established in 2015. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Atlanta Cba Endowment 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 12/2021, Atlanta Cba Endowment Inc generated $310.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.5%) each year. All expenses for the organization totaled $320.7k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE SUPPORT TO A BROAD RANGE OF CHARITABLE ORGANIZATIONS THAT SUPPORT PERSONS IN NEED IN ATLANTA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMPASSION KITCHEN PROJECT THIS PROJECT WAS IMPLEMENTED AS A RESPONSE TO THE PANDEMIC'S AFFECTS ON THE RESTAURANT INDUSTRY AND ON THE CONTINUING CRISIS OF HUNGER IN OUR AREA. DONATIONS TO THIS PROGRAM WERE USED TO BUY MEALS FROM AREA RESTAURANTS AND PROVIDE THE MEALS TO SHELTERS AND MINISTRIES TO HELP FEED THE HUNGRY.
CATHEDRAL OF CHRIST THE KING (CONTINUE HIS MISSION CONTINUE HIS MISSION IS A PROJECT THAT THE CATHEDRAL OF CHRIST THE KING HAS UNDERTAKEN TO REPLACE THE CURRENT HYLAND CENTER WITH A NEW BUILDING THAT IS PROVIDING NEEDED SPACE FOR THE SCHOOL AS WELL AS MEETING SPACES FOR THE MANY MINISTRIES WHICH SERVE THE ATLANTA AREA.
CHRIST THE KING SCHOOL (CKS SCHOLARSHIP ESSAY PROGRAM) THIS PROJECT WAS CREATED TO ENCOURAGE 7TH AND 8TH GRADERS AT CHRIST THE KING SCHOOL TO WRITE AN ESSAY ON THE TOPIC OF FAITH IN ACTION. ESSAYS WERE JUDGED BY TEACHERS AND FRIENDS OF THE ATLANTA CBA ENDOWMENT. SCHOLARSHIPS OF 1250 WERE AWARDED TO WINNERS (ONE 7TH GRADE GIRL AND BOY AND ONE 8TH GRADE GIRL AND BOY).
PREGNANCY AID CLINIC 5000 THIS GRANT WAS PROVIDED TO ASSIST IN THE CARE AND COUNSELING OF WOMEN DEALING WITH UNPLANNED PREGNANCIES. CATHEDRAL OF CHRIST THE KING 4500 (MUST MINISTRY) THE MUST SUMMER LUNCH MAKING MINISTRY PREPARES OVER 2,000 LUNCHES DURING JUNE AND JULY FOR HUNGRY CHILDREN IN THE ATLANTA METRO AREA. CRISTO REY ATLANTA JESUIT HIGH SCHOOL 2500 CRISTO REY ATLANTA JESUIT HIGH SCHOOL IS A CATHOLIC LEARNING COMMUNITY THAT EDUCATES YOUNG PEOPLE OF LIMITED ECONOMIC MEANS OF ANY FAITH OR CREED. THROUGH A RIGOROUS COLLEGE PREPATORY CURRICULUM, INTEGRATED WITH A RELAVENT WORK STUDY EXPERIENCE, STUDENTS GRADUATE PREPARED FOR COLLEGE AND LIFE. IGNATIUS HOUSE 2500 THIS GRANT WAS PROVIDED TO ASSIST IN THE OPERATION OF RETREATS FOR UNDERPRIVILEDGED INDIVIDUALS. HOLY SPIRIT MONASTERY, CONYERS, GA 2500 THIS GRANT WAS PROVIDED TO HELP THE MONASTERY RECOVER FROM THE SERIOUS LOSS IN FUNDS DUE TO THE COVID PANDEMIC. KNIGHTS OF COLUMBUS 2470 (COATS FOR KIDS) THIS PROGRAM PROVIDES COATS TO KNIGHTS OF COLUMBUS COUNCILS TO BE DISTRIBUTED TO KIDS WHO NEED THEM. QUEST ATLANTA RADIO 1000 (SEEK HIS KINGDOM 2021 PLEDGE DRIVE) THIS GRANT WAS PROVIDED TO SUPPORT QUEST RADIO IN THEIR EFFORT TO INVITE, INFORM, AND INSPIRE LISTENERS TO EMBRACE THEIR JOURNEY OF FAITH. CATHEDRAL OF CHRIST THE KING 793 (PANCAKE BREAKFAST) THIS GRANT WAS PROVIDED IN SUPPORT OF THE ANNUAL FREE PANCAKE BREAKFAST.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Vonck Secretary | OfficerTrustee | 1 | $0 |
Dan Quinn Vice Preside | OfficerTrustee | 1 | $0 |
Ken Prevost President | OfficerTrustee | 5 | $0 |
Martin Maguire Director | Trustee | 1 | $0 |
Michael Moors Director | Trustee | 1 | $0 |
Mat Schuh Director | Trustee | 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 | $212,953 |
| Noncash contributions included in lines 1a–1f | $92,518 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $212,953 |
| Total Program Service Revenue | $0 |
| Investment income | $17,102 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $80,704 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $310,759 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $34,824 |
| Grants and other assistance to domestic individuals. | $269,883 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| 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 | $1,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,884 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,412 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $386 |
| All other expenses | $818 |
| Total functional expenses | $320,707 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,642 |
| 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 | $960,906 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,007,548 |
| 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 | $1,007,548 |
| 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 | $1,007,548 |
Grants Awarded
Over the last fiscal year, Knights Initiative Inc has awarded $13,561 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Atlanta, GA PURPOSE: PROGRAM | $7,500 |
CHRIST THE KING SCHOOL PURPOSE: PROGRAM | $6,061 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Knights Initiative Inc has recieved totaling $27.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $27 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Telamon Corporation Raleigh, NC | $28,971,791 | $85,006,099 |
Camelot Community Care Inc Clearwater, FL | $22,153,468 | $83,026,188 |
Pruitt Corporation Employee Welfare Norcross, GA | $5,026,472 | $52,038,649 |
Community Partnership For Children Inc Daytona Beach, FL | $7,398,466 | $42,384,599 |
Palmetto Goodwill North Charleston, SC | $100,114,143 | $50,949,954 |
Helping Hands Ministries Inc Tallulah Falls, GA | $3,673,283 | $41,819,921 |
Bremen Food & Clothing Bank Inc Bremen, GA | $515,496 | $35,921,408 |
Mid Florida Community Services Inc Brooksville, FL | $8,295,258 | $33,232,002 |
Southwest Georgia Community Action Council Inc Moultrie, GA | $11,357,621 | $35,023,890 |
Mid-Cumberland Human Resource Agency Nashville, TN | $16,634,342 | $31,822,877 |
Must Ministries Inc Marietta, GA | $38,621,848 | $35,481,764 |
Catholic Charities Of The Archdiocese Of Miami Inc Wilton Manors, FL | $36,927,794 | $28,326,480 |