Overview
What is The Marion I And Henry J Knott Scholarship Fund Inc?
The Marion I and Henry J Knott Scholarship Fund Inc is a nonprofit organization situated in Columbia, Maryland. Their primary mission is to provide financial aid to tax-exempt educational and medical organizations within the state. This includes supporting three area hospitals, three universities, and numerous secondary schools. By doing so, the fund aims to contribute to the advancement of education and healthcare in Maryland.
Official website here: www.knottscholar.org
Is The Marion I And Henry J Knott Scholarship Fund Inc legitimate?
The Marion I And Henry J Knott Scholarship Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Marion I And Henry J Knott Scholarship Fund Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $125,780
For more financial information, click here
Official website here: www.knottscholar.org
What is the mission statement of The Marion I And Henry J Knott Scholarship Fund Inc?
The Marion I and Henry J Knott Scholarship Fund's mission is geared towards supporting various tax-exempt institutions within the state of Maryland. This support is materialized through the provision of grants to educational and medical organizations, encompassing three area hospitals, three universities, and multiple secondary schools. The primary objective of the fund is to contribute to the betterment of these institutions, thereby promoting the overall well-being of the community. The fund's activities are centered around providing financial aid to these tax-exempt organizations, aiming to enhance their capabilities and services.
Official website here: www.knottscholar.org
What is the revenue of The Marion I And Henry J Knott Scholarship Fund Inc?
The Marion I And Henry J Knott Scholarship Fund Inc's revenue in 2023 was $1,924,546.
Official website here: www.knottscholar.org
Who are the executives of The Marion I And Henry J Knott Scholarship Fund Inc and what are their salaries?
The average compensation at The Marion I And Henry J Knott Scholarship Fund Inc during 2023 was $31,445. There are 4 employees and 5 volunteers at The Marion I And Henry J Knott Scholarship Fund Inc.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $386,486
- Other: $38,300
- Compensation: $0
- Related: $302,508
- Other: $22,500
- Compensation: $0
- Related: $196,980
- Other: $30,000
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.knottscholar.org
Where can I find the form 990 for The Marion I And Henry J Knott Scholarship Fund Inc?
The Marion I And Henry J Knott Scholarship Fund Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.knottscholar.org
Learn more at the official website: www.knottscholar.org
Mission Statement of The Marion I And Henry J Knott Scholarship Fund Inc
The Marion I and Henry J Knott Scholarship Fund Inc is dedicated to supporting certain tax-exempt institutions in the state of Maryland. In line with its mission, the fund provides grants to various educational and medical organizations within the state. Among these beneficiaries are three area hospitals, three universities, and numerous secondary schools. The organization's mission is to contribute financially to these institutions, thereby promoting education and healthcare in the state of Maryland.
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Impact
October, 2024
The Marion I And Henry J Knott Scholarship Fund Inc significantly impacts education and healthcare in Maryland by providing essential grants to various tax-exempt institutions. Focusing on three local hospitals, three universities, and multiple secondary schools, the fund plays a crucial role in enhancing educational opportunities and healthcare services within the community. By allocating financial resources, it empowers these institutions to improve facilities, support research and innovation, and offer scholarships, directly benefiting students and patients alike. This support not only strengthens educational programs but also contributes to the overall well-being of the Maryland community.
This information is meant to be a general summary of The Marion I And Henry J Knott Scholarship Fund Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $957,483
- Gross Receipts: $7,464,132
Assets and Liabilities:
- Total Assets: $72,478,818
- Total Liabilities: $0
- Net Assets: $72,478,818
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Organization Details
Founding Year
1986
Principal Officer
Martin Knott
Website
www.knottscholar.orgNTEE Category
Code: B82 - Education
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