John S And James L Knight Foundation Inc in Miami, Florida (FL)

Organization representatives - add corrected or new information about John S And James L Knight Foundation Inc »

Non-representatives - add comments about John S And James L Knight Foundation Inc»

John S And James L Knight Foundation Inc
Employer Identification Number (EIN)650464177
Name of OrganizationJohn S And James L Knight Foundation Inc
In Care of NameMr Juan Martinez
Address200 S Biscayne Blvd Ste 3300, Miami, FL 33131-2349
ActivitiesGifts, grants, or loans to other organizations
SubsectionEducational Organization
Ruling Date01/2014
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$50,000,000 to greater
Income$50,000,000 to greater
Filing Requirement990 - Not required to file (all other)
Asset Amount$2,286,101,150
Amount of Income$2,624,533,899
Form 990 Revenue Amount$121,134,952
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Scholarships, Student Financial Aid Services, Awards


Non-representatives - add comments:


CAPTCHA

Your IP address 54.167.213.22 will be logged.

Amount of income in 2013: $2,624,533,899 (it was $484,313,298 in 2012)
John S And James L Knight Foundation Inc: 

 $2,624,533,899
Other organizations performing similar types of work: 

 $41,648

Assets in 2013: $2,286,101,150 (it was $2,096,363,648 in 2012)
This organization: 

 $2,286,101,150
Other organizations performing similar types of work: 

 $65,578

Expenses in 2013: $109,563,044
This organization: 

 $109,563,044
Other organizations performing similar types of work: 

 $24,455

Income to expenses ratio in 2013: 24.0
John S And James L Knight Foundation Inc: 

 24.0
Other organizations performing similar types of work: 

 0.5

Grants share in income in 2013: 0.0%
John S And James L Knight Foundation Inc: 

 0.0%
Other organizations performing similar types of work: 

 6.6%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Expenses for 2013

Analysis of Revenue and Expenses (for 2013)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$178,524,173$176,636,703$0
Contributions, gifts, grants, etc., received$0
Interest on savings and temporary cash investments$0
Dividends and interest from securities$28,370,607
Gross rents$0
Gross sales price for all assets$2,596,135,462
Gross profit from sales of goods$0
Other income$27,830
Other$150,125,736
Total expenses and disbursements$109,563,044$7,932,835$0$131,079,707
Compensation of officers, directors, trustees, etc.$3,357,966
Pension plans, employee benefits$55,127
Legal fees$390,646
Accounting fees$213,221
Interest$0
Depreciation$0
Occupancy$1,043,036
Travel, conferences, and meetings$1,325,750
Printing and publications$100,708
Total operating and administrative expenses$32,199,067$7,932,835$23,736,660
Contributions, gifts, grants paid$77,363,977
Excess of revenue over expenses and disbursements$68,961,129
Net investment income$168,703,868
Adjusted net income$0
Balance Sheets
201120122013
Book ValueFair Market ValueBook ValueFair Market ValueBook ValueFair Market Value
Total assets$2,033,881,211$2,033,881,211$2,096,363,648$2,096,363,648$2,286,101,150$2,286,101,150
Cash - non-interest-bearing$0$0$0
Investments-U.S. and state government obligations$104,595,065$52,861,452$50,388,440
Investments-corporate stock$633,961,262$716,997,506$807,880,536
Investments-corporate bonds$88,840,883$157,852,516$204,568,004
Investments-mortgage loans$0$0$0
Investments-other$1,144,595,811$1,106,209,803$1,167,850,252
Other assets$40,064,901$29,407,583
Total liabilities$143,993,143$137,522,676$106,088,277
Mortgages and other notes payable$0$0$0
Other liabilities$4,549,204$3,212,031
Total liabilities and net assets/fund balances$1,889,888,068$1,958,840,972$2,180,012,873
Capital Gains and Losses for Tax on Investment Income
201120122013
Capital gain net income$90,224,938$88,503,055$150,125,736
Net capital loss$0$0$0
Excise Tax Based on Investment Income
201120122013
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)NoNoNo
Tax based on investment income$1,196,653$1,142,956$1,687,039
Total credits and payments$2,303,945$3,592,292$2,899,336
Current year estimated tax payments and previous year's overpayment credited to current year$2,303,945$2,992,292$2,449,336
Exempt foreign organizations-tax withheld at source$0$0$0
Tax paid with application for extension of time to file (Form 8868)$0$600,000$450,000
Backup withholding erroneously withheld$0$0$0
Any penalty for underpayment of estimated tax$0$0$0
Tax due$0$0
Overpayment$2,449,336$1,212,297
Amount to be credited to next year's estimated tax$1,107,292$2,449,336$1,212,297
Statements Regarding Activities
201120122013
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign?NoNoNo
Has the foundation engaged in any activities that have not previously been reported to the IRS?NoNo
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles of incorporation, or bylaws, or other similar instruments?NoNo
Has the foundation filed a tax return on Form 990-T for this year?YesYes
Was there a liquidation, termination, dissolution, or substantial contraction during the year?NoNoNo
Has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state?YesYes
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for current calendar year or the taxable year beginning in this year?NoNoNo
Did any persons become substantial contributors during the tax year?NoNo
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had advisory privileges?YesYes
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?YesYes
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041NoNo
Statements Regarding Activities for Which Form 4720 May Be Required
201120122013
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?NoYesYes
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?NoNoNo
Furnish goods, services, or facilities to (or accept them from) a disqualified person?YesYesYes
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?YesYesYes
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?NoNoNo
Agree to pay money or property to a government official?NoNoNo
Did any of the acts fail to qualify under the exceptions described in Regulations section 53.4941(d)-3 or in a current notice regarding disaster assistance?NoNo
Did the foundation engage in a prior year in any of the acts, other than excepted acts, that were not corrected before the first day of the tax year beginning in this year?NoNo
At the end of this tax year, did the foundation have any undistributed income for tax year(s) beginning before this year?NoNoNo
Are there any years listed above for which the foundation is not applying the provisions of section 4942(a)(2) (relating to incorrect valuation of assets) to the year's undistributed income?NoNo
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?YesYesYes
Did the foundation have excess business holdings in this year as a result of (1) any purchase by the foundation or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3) the lapse of the 10-, 15-, or 20-year first phase holding period?NoNoNo
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?NoNoNo
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in this year?NoNo
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?NoNoNo
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?NoNoNo
Provide a grant to an individual for travel, study, or other similar purposes?NoYesYes
Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)?YesYesYes
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?NoNoNo
Did any of the transactions fail to qualify under the exceptions described in Regulations section 53.4945 or in a current notice regarding disaster assistance?NoNo
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNo
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNo
Minimum Investment Return
201120122013
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$2,145,374,770$2,101,432,715$2,190,495,391
Net value of noncharitable-use assets$2,069,911,224$2,157,637,960
Minimum investment return$105,659,707$103,495,561$107,881,898
Distributable Amount
201120122013
Distributable amount$105,355,153$102,495,254$106,871,012
Undistributed Income
201120122013
Distributable amount for this year$105,355,153$102,495,254$106,871,012
Undistributed income for this year. This amount must be distributed in the next year$0$0$0
Private Operating Foundations (for 2010 - 2013)
2013201220112010Total
The lesser of the adjusted net income or the minimum investment return$0$0$0$0$0
Qualifying distributions made directly for active conduct of exempt activities$0$0$0$0$0
Value of all assets$0$0$0$0$0
Value of assets qualifying under section 4942(j)(3)(B)(i)$0$0$0$0$0
2/3 of minimum investment return$0$0$0$0$0
Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties)$0$0$0$0$0
Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)$0$0$0$0$0
Gross investment income$0$0$0$0$0
Supplementary Information (for 2013)
Grants approved for future payment$80,483,204
Analysis of Income-Producing Activities (for 2013)
AmountRelated or exempt function income
Program service revenue
Fees and contracts from government agencies$0$0
Membership dues and assessments$0$0
Interest on savings and temporary cash investments$0$0
Dividends and interest from securities$28,370,607$0
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations (for 2013)
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Transfers from the reporting foundation to a noncharitable exempt organization of:
CashNo
Other assetsNo
Other transactions:
Sales of assets to a noncharitable exempt organizationNo
Purchases of assets from a noncharitable exempt organizationNo
Rental of facilities, equipment, or other assetsNo
Reimbursement arrangementsNo
Loans or loan guaranteesNo
Performance of services or membership or fundraising solicitationsNo
Sharing of facilities, equipment, mailing lists, other assets, or paid employeesNo
Unrelated Trade or Business Income (for 2008)
IncomeExpensesNet
Total$-1,002,731$0$-1,002,731
Gross receipts or sales less returns and allowances$0$0$0
Cost of goods sold$0$0$0
Gross profit$0$0$0
Capital gain net income$0$0$0
Net gain$0$0$0
Capital loss deduction for trusts$0$0$0
Income (loss) from partnerships and S corporations$-1,002,731$0$-1,002,731
Rent income$0$0$0
Unrelated debt-financed income$0$0$0
Interest, annuities, royalties, and rents from controlled organizations$0$0$0
Investment income of a section 501(c)(7), (9), or (17) organization$0$32,009$0
Exploited exempt activity income$0$0$0
Advertising income$0$0$0
Other income$0$0$0
Deductions Not Taken Elsewhere (for 2008)
Total deductions$704,969
Compensation of officers, directors, and trustees$17,012
Salaries and wages$14,216
Repairs and maintenance$0
Bad debts$0
Interest$0
Taxes and licenses$0
Charitable contributions$0
Depreciation$0
Depletion$0
Contributions to deferred compensation plans$0
Employee benefit programs$22,835
Excess exempt expenses$0
Excess readership costs$0
Other deductions$650,906
Unrelated business taxable income$-1,707,700
Unrelated business taxable income before net operating loss deduction$-1,707,700
Net operating loss deduction$0
Unrelated business taxable income before specific deduction$-1,707,700
Specific deduction$0
Write your review!

Your Ratings

You can rate this nonprofit in different categories from 1 star (worst) to 5 stars (best) or leave category unrated

Program:
Fundraising:
Expenses:
Transparency:

Your Review


Would you recommend John S And James L Knight Foundation Inc to others? (optional)
  
Add photo of John S And James L Knight Foundation Inc (optional)

About You

Your nickname:

Optional Verification

(additional info to increase the weight and the placement of your review and ratings)

Real Name:
Email (won't be published):
Date and time of your visit to this nonprofit:
Phone number (won't be published):
Leave your signature»
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Brazos Higher Education Authority IncPO BOX 1308, Waco, TX 76703-1308TX2014-10$179,269,029
2Health Scholarships IncPO BOX 1337, Hawkinsville, GA 31036-7337GA1999-04$177,452,788
3Trinity Higher Education Authority Inc2600 Washington Avenue, Waco, TX 76710TX2015-03$138,316,451
4Educational Services Of America Inc12700 Kingston Pike, Farragut, TN 37934-0917TN1996-06$118,680,448
5American Association Of University Women Inc5814 Spruce Grove Ct, Haymarket, VA 20169VA2010-03$76,791,126
6Greater Texas Foundation6100 Foundation Place Dr, Bryan, TX 77807-1105TX1980-05$42,177,004
7Usa Funds Education Endowment Inc10475 Crosspoint Blvd Ste 230, Indianapolis, IN 46256-3387IN2005-07$41,529,411
8The Posse Foundation Inc14 Wall St 7th Flr, New York, NY 10005-2101NY1996-07$36,905,033
9Montana Higher Education Student Assistance Corporation2500 E Broadway St, Helena, MT 59601-4901MT1983-03$34,966,109
10Foundation For Educational FundingPO BOX 82552, Lincoln, NE 68501-2552NE2002-08$34,914,925
11John S And James L Knight Foundation Inc200 S Biscayne Blvd Ste 3300, Miami, FL 33131-2349FL2014-01$2,624,533,899
12Florida College System Foundation IncPO BOX 10503, Tallahassee, FL 32302-2503FL1995-03$14,482,951
13Kiwanis Club Of Bradenton Foundation IncPO BOX 1032, Bradenton, FL 34206-1032FL1998-11$5,135,029
14Burger King Mclamore Foundation5505 Blue Lagoon Dr, Miami, FL 33126-2029FL1998-05$4,416,300
15Children Of Fallen Patriots Foundation419 3rd St N, Jax Bch, FL 32250-7028FL2003-01$3,336,549
16Elizabeth K Galeana Charitable Foundation Inc12955 Pond Apple Dr E, Naples, FL 34119-8595FL2007-05$2,366,846
17Lightning Foundation Inc401 Channelside Dr, Tampa, FL 33602-5400FL1999-07$1,733,580
18Mildred E Small & Robert D Toye Scholarship Trust Uid 7-5-95, Michael L Brewer Ttee500 Canal St, New Smyrna, FL 32168-7012FL2006-12$1,716,607
19Pedersen Family Foundation7276 Se Seagate Ln, Stuart, FL 34997-2161FL2000-08$1,550,924
20Disabled Police Officers Of America Inc222 Government Ave Ste C, Niceville, FL 32578-1868FL1998-06$1,290,946
Number of organizations performing similar types of work
Alaska48
Alabama286
Arkansas212
Arizona375
California2,590
Colorado397
Connecticut360
District of Columbia210
Delaware90
Florida1,248
Georgia644
Hawaii125
Iowa241
Idaho90
Illinois1,084
Indiana348
Kansas216
Kentucky271
Louisiana247
Massachusetts819
Maryland580
Maine135
Michigan690
Minnesota353
Missouri459
Mississippi159
Montana122
North Carolina631
North Dakota29
Nebraska124
New Hampshire145
New Jersey1,137
New Mexico122
Nevada157
New York1,581
Ohio902
Oklahoma233
Oregon274
Pennsylvania951
Rhode Island132
South Carolina243
South Dakota54
Tennessee325
Texas2,055
Utah196
Virginia649
Vermont87
Washington473
Wisconsin403
West Virginia110
Wyoming43
International27
Total23,482

faqs.org is not associated with, endorsed by, or sponsored by John S And James L Knight Foundation Inc and has no official or unofficial affiliation with John S And James L Knight Foundation Inc