Knott Family Foundation Inc
- Assets
- $1.0m
- Revenue
- $140.0k
- Investments
- $958.5k
- Employees
- 0
- Location
- Durham, NC
- Founding
- 03/1997
- Data as of
- 12/2023
- EIN
- 56-2003192
Organization Overview
Knott Family Foundation Inc is located in Durham, NC. The organization was established in 1997. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, 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. Knott Family 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 12/2023, Knott Family Foundation Inc generated $140.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $10.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Knott Family Foundation Inc has awarded 189 individual grants totaling $545,254. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce W Knott Director | 0.25 | $0 | |
Janet C Knott Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $98,837 |
| Interest on Savings | $686 |
| Dividends & Interest | $29,109 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,327 |
| Capital Gain Net Income | $9 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $139,959 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $530 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $5,117 |
| Contributions, gifts, grants paid | $5,296 |
| Total expenses and disbursements | $10,413 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $60,701 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,019,225 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Knott Family Foundation Inc has awarded $5,296 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
ALLEGHANY PARTNERSHIP FOR CHILDREN PURPOSE: RELIGIOUS, MEDICAL OR EDUCATIONAL | $200 |
AMERICAN RED CROSS PURPOSE: RELIGIOUS, MEDICAL OR EDUCATIONAL | $100 |
BETH SHALOM PURPOSE: RELIGIOUS, MEDICAL OR EDUCATIONAL | $50 |
CHAPEL HILL BREAST CANCER FOUNDATIO PURPOSE: RELIGIOUS, MEDICAL OR EDUCATIONAL | $100 |
CHATHAM ARTS COUNCIL PURPOSE: RELIGIOUS, MEDICAL OR EDUCATIONAL | $1,000 |
CLVFD PURPOSE: RELIGIOUS, MEDICAL OR EDUCATIONAL | $200 |