Knights Athletic Club Inc
- Assets
- $464.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Louisville, KY
- Founding
- 06/1979
- Data as of
- 12/2021
- EIN
- 61-0942566
Organization Overview
Knights Athletic Club Inc is located in Louisville, KY. The organization was established in 1979. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. This organization is the central organization for a national or regional group of organizations. Knights Athletic Club Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, Knights Athletic Club Inc generated $101.3k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 24.4% each year . All expenses for the organization totaled $61.6k during the year ending 12/2021. While expenses have increased by 13.9% per year over the past 6 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
2021
Describe the Organization's Program Activity:
Part 3
THE CLUB PROVIDES ITS MEMBERS WITH A PLACE TO GATHER. THE CLUB SPONSORS AND PROMOTES VARIOUS SPORTS PROGRAMS AND OTHER SPECIAL EVENTS DURING THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Skaggs President | 20 | $0 | |
Scott Johnson Vice President | 15 | $0 | |
Lynn Tincher Secretary | 15 | $0 | |
Jerry Richards Treasurer | 25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $7,877 |
| Investment income | $31 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $45,526 |
| Total Revenue | $101,288 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $6,535 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $505 |
| Occupancy, rent, utilities, and maintenance | $27,044 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $22,201 |
| Total expenses | $61,635 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $204,169 |
| Other assets | $0 |
| Total assets | $464,564 |
| Total liabilities | $0 |
| Net assets or fund balances | $464,564 |
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