Gb Knecht Foundation
- Assets
- $2.2m
- Revenue
- $254.8k
- Investments
- $2.2m
- Employees
- 0
- Location
- Blue Hill, ME
- Founding
- 05/2009
- Data as of
- 12/2022
- EIN
- 94-3473937
Organization Overview
Gb Knecht Foundation is located in Blue Hill, ME. The organization was established in 2009. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Gb Knecht Foundation 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, Gb Knecht Foundation generated $254.8k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 57.5% each year . All expenses for the organization totaled $161.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Gb Knecht Foundation has awarded 68 individual grants totaling $227,000. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTION OF CONTRIBUTIONS TO DESERVING CHARITABLE ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jean Madonna Trustee | 1 | $0 | |
Donna Madonna Trustee | 1 | $20,000 | |
Jim Fisher Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7 |
| Dividends & Interest | $30,259 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $224,565 |
| Capital Gain Net Income | $224,565 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $254,831 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $20,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,066 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $45,037 |
| Contributions, gifts, grants paid | $116,000 |
| Total expenses and disbursements | $161,037 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3 |
| Savings and temporary cash investments | $10,349 |
| 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 | $0 |
| Total assets | $2,162,822 |
| 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, Gb Knecht Foundation has awarded $116,000 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS PURPOSE: GENERAL | $5,000 |
BLUE HILL PUBLIC LIBRARY PURPOSE: GENERAL | $3,000 |
BROWARD COUNTY PUBLIC LIBRARY FOUND PURPOSE: GENERAL | $2,000 |
CARE USA PURPOSE: GENERAL | $2,000 |
CATHOLIC CHARITIES MAINE PURPOSE: GENERAL | $3,000 |
BROWARD OUTREACH CENTERS PURPOSE: GENERAL | $2,000 |