Vegas Golden Knights Foundation Inc
- Assets
- $5.1m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- 08/2017
- Data as of
- 12/2022
- EIN
- 81-5478336
Organization Overview
Vegas Golden Knights Foundation Inc is located in Las Vegas, NV. The organization was established in 2017. According to its NTEE Classification (T30) the organization is classified as: Public 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. Vegas Golden Knights 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 12/2022, Vegas Golden Knights Foundation Inc generated $4.2m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $2.8m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Vegas Golden Knights Foundation Inc has awarded 176 individual grants totaling $7,386,890. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE GOLDEN KNIGHTS FOUNDATION IS A 501(C)(3) ORGANIZATION THAT SERVES AS THE PRIMARY CHARITABLE LINK BETWEEN THE NHL TEAM AND THE LAS VEGAS COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH OUR NAMESAKE FOUNDATION, THE VEGAS GOLDEN KNIGHTS SUPPORT LAS VEGAS NON-PROFITS THAT MAKE A DIFFERENCE EVERY DAY VIA DIRECT GRANTS AND FUNDRAISING PARTNERSHIPS.
THE FOUNDATION ALSO FOCUSES ON A) SECURING THE FUTURE OF LAS VEGAS MILITARY, FIRST RESPONDERS, AND THEIR FAMILIES, ESPECIALLY THOSE WHO HAVE SUFFERED A SACRIFICE FOR THE GREATER GOOD AND B) FOSTERING THE PHYSICAL, SOCIAL, AND EMOTIONAL GROWTH OF LAS VEGAS YOUTH, WITH EMPHASIS ON SPORTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Foley II Trustee | Trustee | 1 | $0 |
Peter Sadowski Secretary | OfficerTrustee | 1 | $0 |
Kim Frank President | OfficerTrustee | 10 | $0 |
George Mcphee Trustee | Trustee | 1 | $0 |
Kerry Bubolz Trustee | Trustee | 1 | $0 |
Bryan Coy Treasurer | OfficerTrustee | 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 | $2,866,050 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,866,050 |
| Total Program Service Revenue | $0 |
| Investment income | $19,024 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $457,235 |
| Net Income from Gaming Activities | $895,341 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,237,650 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,012,969 |
| 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 | $341,012 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $26,301 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $37,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $54,717 |
| Advertising and promotion | $74,860 |
| Office expenses | $24,412 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $30,928 |
| 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 | $4,973 |
| Insurance | $10,545 |
| All other expenses | $0 |
| Total functional expenses | $2,807,332 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,845,520 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $183,621 |
| Accounts receivable, net | $70,665 |
| 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 | $20,097 |
| Net Land, buildings, and equipment | $17,432 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,137,335 |
| Accounts payable and accrued expenses | $391,228 |
| Grants payable | $0 |
| Deferred revenue | $152,452 |
| 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 | $543,680 |
| Net assets without donor restrictions | $4,533,655 |
| Net assets with donor restrictions | $60,000 |
| 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 | $5,137,335 |
Grants Awarded
Over the last fiscal year, Vegas Golden Knights Foundation Inc has awarded $1,550,080 in support to 44 organizations.
| Grant Recipient | Amount |
|---|---|
CATHOLIC CHARITIES OF SOUTHERN NEVADA PURPOSE: COMMUNITY SUPPORT | $20,000 |
COLUMBUS BLUE JACKETS FOUNDATION PURPOSE: COMMUNITY SUPPORT | $15,000 |
FOLDED FLAG FOUNDATION PURPOSE: COMMUNITY SUPPORT | $366,591 |
OPPORTUNITY VILLAGE PURPOSE: COMMUNITY SUPPORT | $20,000 |
NEVADA DONOR NETWORK FOUNDATION PURPOSE: COMMUNITY SUPPORT | $50,000 |
OLIVE CREST PURPOSE: COMMUNITY SUPPORT | $75,000 |