Knights Of Columbus Club Inc
- Assets
- $0.0
- Revenue
- $58.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 09/1963
- Data as of
- 06/2021
- EIN
- 91-0284224
Organization Overview
Knights Of Columbus Club Inc is located in Seattle, WA. The organization was established in 1963. According to its NTEE Classification (Y40) the organization is classified as: Fraternal Societies, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Knights Of Columbus Club Inc is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.
For the year ending 06/2021, Knights Of Columbus Club Inc generated $58.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (21.1%) each year. All expenses for the organization totaled $12.0k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (32.6%) per year over the past 5 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE A PHYSICAL LOCATION FOR KNIGHTS OF COLUMBUS COUNCIL 676
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE KNIGHTS OF COLUMBUS CLUB INC. HELD TITLE TO THE REAL PROPERTY OCCUPIED BY KNIGHTS OF COLUMBUS COUNCIL 676. THE CLUB DERIVED INCOME BY RENTING THE PROPERTY WHEN NOT NEEDED BY THE COUNCIL. THE REAL PROPERTY WAS SOLD DURING THE YEAR ENDED JUNE 30, 2018. DURING THE YEAR ENDED JUNE 30, 2019, THE CLUB TURNED OVER THE MAJORITY OF THE PROCEEDS FROM THE PROPERTY SALE TO KNIGHTS OF COLUMBUS COUNCIL 676. A PORTION OF THE PROCEEDS WERE HELD IN THE CLUB'S ACCOUNTS FOR TWO YEARS TO COVER FINAL EXPENSES. THE REMAINING PROCEEDS WERE TRANSFERED DURING THE YEAR ENDED JUNE 30, 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan Bonaci Trustee | Trustee | 2 | $0 |
Albert Freedman Trustee | Trustee | 2 | $0 |
Joseph Kessler Trustee | OfficerTrustee | 2 | $0 |
Lawrence Kessler At Large | Trustee | 2 | $0 |
Phil Philbrick At Large | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,583 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,144 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,727 |
| Total Program Service Revenue | $0 |
| Investment income | $27,254 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $27,183 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $58,164 |
| 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 | $1,583 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,379 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $49 |
| Total functional expenses | $12,011 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $0 |