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Nonprofiteer
← KNIGHTS FOUNDATION INC

Form 990 for tax year 2022

Filed by KNIGHTS FOUNDATION INC.

Totals

Total revenue
$261,710
Total expenses
$189,374
Contributions and grants received
$37,844
Grants paid
$75,200
Program service revenue
$0
Investment income
$8,162
Other revenue
$215,704
Total assets, end of year
$689,583
Total liabilities, end of year
$6,425
Net assets or fund balances, end of year
$683,158
Program services expenses (Part IX)
$164,121
Management and general expenses
$7,975
Fundraising expenses
$17,278
Program service expenses (Part III)
$164,121

Program services were 86.7% 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.

  • 1c · Fundraising events

    $27,900

  • 1f · All other contributions, gifts and grants

    $9,944

  • 3 · Investment income

    total $3,399 · excluded $3,399

  • 6a · Gross rents

    real property $42,701

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $42,701

  • 6d · Net rental income or loss

    total $42,701 · excluded $42,701

  • 7a · Gross sales of assets other than inventory

    securities $4,763

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

    securities $0

  • 7c · Gain or loss

    securities $4,763

  • 7d · Net gain or loss

    total $4,763 · excluded $4,763

  • 8a · Fundraising events: gross income

    $339,626

  • 8a · Fundraising events: contributions included on line 1c

    $27,900

  • 8b · Fundraising events: direct expenses

    $248,692

  • 8c · Net income from fundraising events

    total $90,934 · excluded $90,934

  • 9a · Gaming: gross income

    $998,304

  • 9b · Gaming: direct expenses

    $916,235

  • 9c · Net income from gaming

    total $82,069 · unrelated business $82,069

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $75,200 · program services $75,200

  • 11c · Fees: accounting

    total $7,975 · management and general $7,975

  • 14 · Information technology

    total $5,089 · program services $5,089

  • 16 · Occupancy

    total $47,649 · program services $47,649

  • 21 · Payments to affiliates

    total $17,278 · fundraising $17,278

  • 22 · Depreciation, depletion and amortization

    total $11,905 · program services $11,905

  • 23 · Insurance

    total $6,111 · program services $6,111

  • 24a · Other expenses: REPAIRS

    total $8,860 · program services $8,860

  • 24b · Other expenses: OTHER EXPENSES

    total $5,786 · program services $5,786

  • 24c · Other expenses: REAL ESTATE TAXES

    total $3,283 · program services $3,283

  • 24d · Other expenses: FILING FEES

    total $200 · program services $200

  • 24e · All other expenses

    total $38 · program services $38

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $102,438 · end of year $115,063

  • 10a · Land, buildings and equipment: cost or other basis

    $607,645

  • 10b · Land, buildings and equipment: accumulated depreciation

    $144,605

  • 10c · Land, buildings and equipment, net

    beginning of year $419,400 · end of year $463,040

  • 11 · Investments: publicly traded securities

    beginning of year $122,513 · end of year $111,480

  • 25 · Other liabilities

    beginning of year $3,925 · end of year $6,425

  • 27 · Net assets without donor restrictions

    beginning of year $640,426 · end of year $683,158

Mission and programs · 2022

Mission

TO PROVIDE FINANCIAL ASSISTANCE TOWARD TUITION AND EXPENSES FOR THE BENEFIT OF WORTHY STUDENTS AT BISHOP ROSECRANS HIGH SCHOOL AND BISHOP FENWICK SCHOOL IN ZANESVILLE, OHIO AS WELL AS ANY OTHER WORTHY LOCAL CHARITIES THAT ARE REGISTERED WITH THE STATE OF OHIO AND PROVIDE US PROOF THAT THEY ARE EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3).

  • THE KNIGHTS FOUNDATION LARGEST PROGRAMS ARE TO PROVIDE SCHOLARSHIPS AND OPERATING EXPENSE AID TO THE CATHOLIC SCHOOLS OF ZANESVILLE AS WELL AS ANY OTHER DESERVING 501(C)(3) LOCAL CHARITIES.

    Expenses $164,121 · Grants $75,200

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Joseph Nash

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • Michael Burkhart

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • Bob Miller

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • John Wiles

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • Bruce Kolopajlo

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • Larry Taylor

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • Jay Agin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • Steve Dillon

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • Herbert Baker

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    4

  • Scott Moyer

    PRESIDENT

    Total calculated
    $0
    Hours/week
    4

  • Joshua Agin

    TREASURER

    Total calculated
    $0
    Hours/week
    4

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202313199349306021

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