William S Knight Foundation Inc
- Assets
- $35.8m
- Revenue
- $3.4m
- Investments
- $35.2m
- Employees
- 0
- Location
- Naples, FL
- Founding
- 04/2016
- Data as of
- 12/2023
- EIN
- 81-0797771
Organization Overview
William S Knight Foundation Inc is located in Naples, FL. The organization was established in 2016. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. William S Knight 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, William S Knight Foundation Inc generated $3.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (17.3%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, William S Knight Foundation Inc has awarded 141 individual grants totaling $10,955,792. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer K Rauscher Director | 1 | $3,500 | |
Thomas L Brown Vice Pres. | 1 | $7,000 | |
Gary G Grabowski Also See Attachmen Scretary /treas | 6 | $7,000 | |
Donald F Wichelt President | 1.5 | $7,000 | |
Fran D Sorenson Director | 1 | $7,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $688,918 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,707,508 |
| Capital Gain Net Income | $2,707,508 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,396,426 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $31,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $50,089 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,889 |
| Printing and publications | $0 |
| Other expenses | $3,063 |
| Total operating and administrative expenses | $282,050 |
| Contributions, gifts, grants paid | $1,127,991 |
| Total expenses and disbursements | $1,410,041 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,139 |
| Savings and temporary cash investments | $575,477 |
| 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 | $11,047 |
| Total assets | $35,787,578 |
| 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, William S Knight Foundation Inc has awarded $2,085,991 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
BADGER INSTITUTE PURPOSE: GENERAL SUPPORT | $30,000 |
MERCATUS CENTER-GEORGE MASON U PURPOSE: GENERAL SUPPORT | $10,000 |
BENEDICTINE COLLEGE PURPOSE: SUMMER TEACHERS INST. . | $52,000 |
INDEPENDENT INSTITUTE PURPOSE: GENERAL SUPPORT | $25,000 |
TURNING POINT USA PURPOSE: LEADERSHIP SUMMIT | $50,000 |
FREEDOM WORKS FOUNDATION PURPOSE: BUILDING EDUCATION FOR STUDENTS PROG. | $30,000 |