Knott County Youth Foundation Inc
- Assets
- $69.2k
- Revenue
- $42.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Hindman, KY
- Founding
- 08/2005
- Data as of
- 12/2020
- EIN
- 56-2395635
Organization Overview
Knott County Youth Foundation Inc is located in Hindman, KY. The organization was established in 2005. According to its NTEE Classification (N32) the organization is classified as: Parks & Playgrounds, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Knott County Youth 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 12/2020, Knott County Youth Foundation Inc generated $42.3k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $17.0k during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE A YOUTH ATHELETIC PROGRAM FOR THE YOUTH OF KNOTT COUNTY AND TO PURCHASE CHHRISTMAS GIFETS FOR THE UNDERPRIVILADGED YOUTH OF KNOTT COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO OPERATE A YOUTH ATHELETIC PROGRAM FOR THE BENEFIT OF PEOPLE IN EAST KENTUCKY, PARTICULARLY THE KNOTT COUNTY AREA IN AN EFFORT TO FOSTER SPORTS COMPETITION. EDUCATE THE YOUTH, DEVELOP CHARACTER, SPORTSMANSHIP, AND PHYSICAL FITNESS AND TO PROMOTE AMATEUR SPORTS. ALSO, THE FUNCTION IS TO PROVIDE CHRISTMAS PRESENTS AND MEAL SUPPORT TO THE UNDER PRIVALEDGED CHLDREN OF KNOTT COUNTY, KY. THIS FOUNDATION HAS BEEN SUCCESSFUL IN ACHEIVING THE ABOVE PURPOSES BY PROVIDING SUPPLIES AND GUIDANCE TO THE YOUTH OF KNOTT COUNTY AND BY PROMOTING AND PROVIDING FACILITIES FOR THEM.
TO OPERATE A YOUTH ATHELETIC PROGRAM FOR THE BENEFIT OF PEOPLE IN EAST KENTUCKY, PARTICULARLY THE KNOTT COUNTY AREA IN AN EFFORT TO FOSTER SPORTS COMPETITION. EDUCATE THE YOUTH, DEVELOP CHARACTER, SPORTSMANSHIP, AND PHYSICAL FITNESS AND TO PROMOTE AMATEUR SPORTS. ALSO, THE FUNCTION IS TO PROVIDE CHRISTMAS PRESENTS AND MEAL SUPPORT TO THE UNDER PRIVALEDGED CHLDREN OF KNOTT COUNTY, KY. THIS FOUNDATION HAS BEEN SUCCESSFUL IN ACHEIVING THE ABOVE PURPOSES BY PROVIDING SUPPLIES AND GUIDANCE TO THE YOUTH OF KNOTT COUNTY AND BY PROMOTING AND PROVIDING FACILITIES FOR THEM.
TO OPERATE A YOUTH ATHELETIC PROGRAM FOR THE BENEFIT OF PEOPLE IN EAST KENTUCKY, PARTICULARLY THE KNOTT COUNTY AREA IN AN EFFORT TO FOSTER SPORTS COMPETITION. EDUCATE THE YOUTH, DEVELOP CHARACTER, SPORTSMANSHIP, AND PHYSICAL FITNESS AND TO PROMOTE AMATEUR SPORTS. ALSO, THE FUNCTION IS TO PROVIDE CHRISTMAS PRESENTS AND MEAL SUPPORT TO THE UNDER PRIVALEDGED CHLDREN OF KNOTT COUNTY, KY. THIS FOUNDATION HAS BEEN SUCCESSFUL IN ACHEIVING THE ABOVE PURPOSES BY PROVIDING SUPPLIES AND GUIDANCE TO THE YOUTH OF KNOTT COUNTY AND BY PROMOTING AND PROVIDING FACILITIES FOR THEM.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randy Thompson President | Trustee | 0 | $0 |
William Jeff Blair Sec./treas. | Trustee | 0 | $0 |
Phillip Champion Vice President | Trustee | 0 | $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 | $42,255 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $42,255 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $42,255 |
| 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. | $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 | $0 |
| Office expenses | $46 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $16,952 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $69,187 |
| 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 | $69,187 |
| 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 | $0 |
| 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 | $69,187 |
| Total liabilities and net assets/fund balances | $69,187 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Knott County Youth Foundation Inc has recieved totaling $35,000.
| Awarding Organization | Amount |
|---|---|
Joseph W Craft Iii Foundation Tulsa, OK PURPOSE: CHARITABLE | $25,000 |
Thacker Fam Foundation Tr Agreement Hindman, KY PURPOSE: GENERAL OPERATIONS | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lake Park Associates Inc Chicago, IL | $84,892,237 | $7,736,352 |
21st Century Parks Inc Louisville, KY | $96,568,908 | $4,921,884 |
Lake Ridge Parks & Recreation Association Inc Lake Ridge, VA | $11,873,713 | $7,365,440 |
Lakeshore Park Conservancy Knoxville, TN | $19,542,630 | $6,010,930 |
Shelby Farms Park Conservancy Memphis, TN | $6,955,555 | $6,186,773 |
Friends Of Great Smoky Mountain National Park Inc Kodak, TN | $24,666,709 | $4,762,551 |
Champaign Parks Foundation Champaign, IL | $976,964 | $284,130 |
Gateway Arch Park Foundation St Louis, MO | $74,261,617 | $7,108,944 |
Grindstone Butte Mutual Canal Company Champaign, IL | $200 | $2,974,907 |
Illinois Association Of Park Districts Springfield, IL | $10,419,752 | $4,309,641 |
Columbia Memorial Park Inc Arlington, VA | $6,724,392 | $4,421,124 |
Park Glen Corporation Columbus, OH | $3,224,171 | $4,744,005 |