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Nonprofiteer
← KNIGHTS INITIATIVE INC

Form 990 for tax year 2024

Filed by KNIGHTS INITIATIVE INC.

Totals

Total revenue
$109,111
Total expenses
$59,225
Contributions and grants received
$19,629
Grants paid
$40,798
Program service revenue
$0
Investment income
$89,482
Other revenue
$0
Total assets, end of year
$1,093,658
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,093,658
Program services expenses (Part IX)
$54,357
Management and general expenses
$4,868
Fundraising expenses
$0
Program service expenses (Part III)
$54,357

Program services were 91.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $19,629

  • 1g · Noncash contributions included above

    $6,107

  • 3 · Investment income

    total $16,131 · excluded $16,131

  • 7a · Gross sales of assets other than inventory

    securities $195,809 · other assets $9,896

  • 7b · Less cost or other basis and sales expenses

    securities $132,354

  • 7c · Gain or loss

    securities $63,455 · other assets $9,896

  • 7d · Net gain or loss

    total $73,351 · related or exempt $63,455 · excluded $9,896

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $34,691 · program services $34,691

  • 2 · Grants to domestic individuals

    total $6,107 · program services $6,107

  • 11c · Fees: accounting

    total $1,525 · management and general $1,525

  • 13 · Office expenses

    total $1,911 · management and general $1,911

  • 23 · Insurance

    total $473 · management and general $473

  • 24a · Other expenses: MEALS

    total $13,559 · program services $13,559

  • 24b · Other expenses: FOREIGN TAXES

    total $959 · management and general $959

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,020 · end of year $18,385

  • 13 · Investments: program-related

    beginning of year $1,015,139 · end of year $1,075,273

  • 27 · Net assets without donor restrictions

    beginning of year $1,022,159 · end of year $1,093,658

Mission and programs · 2024

Mission

PROVIDE SUPPORT TO A BROAD RANGE OF CHARITABLE ORGANIZATIONS THAT SUPPORT PERSONS IN NEED, THE POOR, THE HUNGRY, AND HOMELESS IN THE ATLANTA AREA.

Activities or mission (Part I)

PROVIDE SUPPORT TO A BROAD RANGE OF CHARITABLE ORGANIZATIONS THAT SUPPORT PERSONS IN NEED IN ATLANTA.

  • COMPASSION KITCHEN PROJECT THIS PROJECT WAS IMPLEMENTED AS A RESPONSE TO THE PANDEMIC'S AFFECTS ON THE RESTAURANT INDUSTRY AND ON THE CONTINUING CRISIS OF HUNGER IN OUR AREA. DONATIONS TO THIS PROGRAM WERE USED TO BUY MEALS FROM AREA RESTAURANTS AND PROVIDE THE MEALS TO SHELTERS AND MINISTRIES TO HELP FEED THE HUNGRY. IN ADDITION, ATLANTA AREA RESTAURANTS, BOLD MONK, DONATED 496 MEALS RETAIL VALUE 3,472 AND GALLA'S PIZZA, DONATED 496 MEALS RETAIL VALUE 2,635. PLEASE REFER TO SCHEDULE I FOR THE DOCUMENTATION OF THESE DONATED MEALS.

    Expenses $19,666 · Grants $13,559

  • CATHEDRAL OF CHRIST THE KING (AUDIO IMPROVEMENTS) THIS REPRESENTS OUR THIRD ANNUAL PAYMENT TO BE APPLIED AGAINST A 5 YEAR COMMITMENT OF 50,000 FOR CATHEDRAL AUDIO IMPROVEMENTS.

    Expenses $10,000 · Grants $10,000

  • CHRIST THE KING SCHOOL (CKS SCHOLARSHIP ESSAY PROGRAM) THIS PROJECT WAS CREATED TO ENCOURAGE 7TH AND 8TH GRADERS AT CHRIST THE KING SCHOOL TO WRITE AN ESSAY ON THE TOPIC OF FAITH IN ACTION. ESSAYS WERE JUDGED BY TEACHERS AND FRIENDS OF THE KNIGHTS INITIATIVE. SCHOLARSHIPS WERE AWARDED TO 1ST, 2ND, AND 3RD PLACE WINNERS IN 7TH AND 8TH GRADE.

    Expenses $7,500 · Grants $7,500

  • IGNATIUS HOUSE 5000 THIS GRANT REPRESENTS OUR THIRD ANNUAL PAYMENT TO BE APPLIED AGAINST A 5 YEAR COMMITMENT OF 25,000 TO ASSIST IN THE OPERATION OF RETREATS FOR UNDERPRIVILEDGED INDIVIDUALS. COATS FOR KIDS 3691 THIS PROGRAM PROVIDES COATS TO ORGANIZATIONS SUCH AS MERCY CARE ATLANTA AND THREADS (A MINISTRY OF ALL SAINTS EPISCOPAL CHURCH IN ATLANTA. ST PETER CLAVER REGIONAL CATHOLIC SCHOOL 3500 THIS GRANT WAS PROVIDED IN SUPPORT OF ST PETER CLAVER'S MISSION TO CULTIVATE AN ENVIRONMENT THAT PREPARES STUDENTS TO LEARN, LEAD, INSPIRE, AND SERVE IN LOCAL AND GLOBAL COMMUNITIES THROUGH CATHOLIC TEACHINGS ROOTED IN THE GOSPEL OF JESUS CHRIST, RIGOROUS ACADEMICS, AND SPIRITUAL FORMATION. PREGNANCY AID CLINIC 2500 THIS GRANT WAS PROVIDED TO ASSIST IN THE CARE AND COUNSELING OF WOMEN DEALING WITH UNPLANNED PREGNANCIES. NICHOLAS HOUSE 2000 THIS GRANT WAS PROVIDED IN SUPPORT OF NICHOLAS HOUSE'S MISSION TO ASSIST HOMELESS FAMILIES IN MAKING THE TRANSITION FROM HOMELESSNESS TO SELF- SUFFICIENCY IN A STRUCTURED BUT HOME-LIKE ENVIRONMENT. QUEST ATLANTA RADIO 500 THIS GRANT WAS PROVIDED TO SUPPORT QUEST RADIO IN THEIR EFFORT TO INVITE, INFORM, AND INSPIRE LISTENERS TO EMBRACE THEIR JOURNEY OF FAITH.

    Expenses $17,191 · Grants $17,191

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dan Quinn

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10
  • Nick Henner

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    2
  • Mike Vonck

    SECRETARY

    Total calculated
    $0
    Hours/week
    2
  • Ken Prevost

    TREASURER

    Total calculated
    $0
    Hours/week
    2
  • John Horton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Martin Maguire

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Gordon Calley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Bob Schultz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Michael Moors

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2024
Filed
5 May 2025
IRS schema version
2024v5.0
Source object
202521399349300137

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