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Knox County Foundation

Mount Vernon, OH · EIN 31-1768219 · 501(c)(3) · Publicly supported organization (170(b)(1)(A)(vi))
Latest filing: Form 990 for calendar year 2024 (tax year 2024) · View the filing · Correct or respond

Knox County Foundation reported $11.7 million in revenue and $6.5 million in expenses for calendar year 2024. Of every $100 it spent, $90.82 went to program services, $5.79 to management and general costs and $3.39 to fundraising. Its largest source of revenue was investment income: 71.9% of the total. The highest compensation it reported for one person was $158,470 (Executive Dir.). 2 people received more than $100,000 in reportable compensation. Revenue rose 114% between 2019 and 2024. Source: Form 990, 2024.

Where $100 of spending went

Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $6.5M

For context, the median across 1,001 covered philanthropy, voluntarism & grantmaking charities: $91.65 programs, $6.50 management, $1.85 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

Calendar year 2024 · Form 990, Part VIII · total revenue $12M

The 990 scorecard · same measures for every charity, no grades

2024 filing. Median across 1,001 covered charities in this category, from their latest filings.
Measure2024Median
Program services
Part IX 25(B) ÷ 25(A)
90.8%90.2%
Management & general
Part IX 25(C) ÷ 25(A)
5.8%6.4%
Fundraising
Part IX 25(D) ÷ 25(A)
3.4%1.8%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.07$0.02
Contributions & grants share of revenue
Part VIII 1h ÷ 12
26.7%79.9%
Government grants share of revenue
Part VIII 1e ÷ 12
0.0%0.0%
Program service revenue share
Part VIII 2g ÷ 12
1.4%0.0%
Highest reported compensation
Part VII-A, columns D–F
$158,470$325,675
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
2.45%1.56%
People paid over $100,000
Part VII, line 2
23
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
176.256.6
Independent voting board members
Part VI 1a–1b
11 of 11100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

2024 · Form 990, Part III · the three largest programs by expense
$3.7M expenses · 63.2% of program spending · grants $3.6M

Grants awarded to qualifying non-profit organizations as either approved by the Foundation board or as recommended or designated by donors. Grants awarded are to address charitable wishes of Foundation donors (donor advised/designated funds) or based upon community needs as determined by the Foundation board (community impact and field of interest funds)

$1.2M expenses · 20.9% of program spending · grants $1.2M

Awarded scholarships to Knox County students based upon established eligibility requirements and merit. Requirements include but are not limited to academic achievement, field of interest, and affiliations with specific schools or employers. Donors establish scholarship funds to assist qualifying students with tuition costs. The Foundation utilizies a scholarship committee that reviews application requests from graduating high school seniors and adults more than two years after high school graduation. Scholarships are available for degrees at two or four year colleges and universities as well…

$740K expenses · 12.6% of program spending

Community development projects to enhance local vibrancy and recreational activities in cities and villages located in Knox County. During 2024, Knox County Foundation supported Knox Development Partnership to acquire key buildings located in the Downtown Mount Vernon economic corridor. In addition, Knox County Foundation supported village projects including the Fredericktown Splash Pad and the Ackerman Nature Reserve Project

$197K all other programs (line 4d)

Highest reported compensation

2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
Executive Dir.
Officer, 40.00 hrs/week
$149,500$0$8,970$158,470
Finance Dir.
Officer, 40.00 hrs/week
$111,000$0$6,600$117,600

2 people received more than $100,000 in reportable compensation from Knox County Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $276K (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$5.0M$10M$15M$20M201920202021202220232024$12M$6.5M
FilingRevenueExpensesProgramsNet assetsTop pay
2024 ⓘ$12M$6.5M90.8%$95M$158,470
2023 ⓘ$9.7M$5.0M89.2%$85M$149,460
2022 ⓘ$5.8M$4.9M90.2%$74M$137,800
2021 ⓘ$12M$5.7M91.9%$87M$127,200
2020 ⓘ$11M$4.7M90.3%$76M$99,005
2019 ⓘ$5.4M$3.4M85.6%$65M$103,095

Governance answers, as filed

2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b11 · 11 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 54
  • Volunteers Part I, line 620

Largest outside contractors

2024 · Form 990, Part VII, Section B · businesses only
Park National Bank
Investment Mgmt Fees
$191,055

Individuals listed as contractors are left out. 1 contractors were paid more than $100,000 in all.

Private foundation grants it received

4 private foundations reported grants to Knox County Foundation totaling $1.0M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from Knox County Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Knox County Foundation, you can publish a response that is linked from this page.

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Questions people ask

How much of Knox County Foundation's spending goes to programs?

In calendar year 2024, Knox County Foundation reported that 90.8% of its $6.5 million in expenses went to program services, 5.8% to management and general and 3.4% to fundraising (Form 990, Part IX).

How much does Knox County Foundation pay its top executive?

The largest total compensation Knox County Foundation reported for one person in calendar year 2024 was $158,470, for the role of Executive Dir. (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Knox County Foundation get its money?

Of $11.7 million in revenue in calendar year 2024, 26.7% came from contributions and grants and 1.4% from program service revenue (Form 990, Part VIII).

Is Knox County Foundation a registered charity?

The IRS lists EIN 31-1768219 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • 2024: Form 990 for calendar year 2024, object 202532959349300113 · read the filing · XML
  • 2023: Form 990 for calendar year 2023, object 202442709349300814 · read the filing
  • 2022: Form 990 for calendar year 2022, object 202303049349300910 · read the filing
  • 2021: Form 990 for calendar year 2021, object 202233189349309133 · read the filing
  • 2020: Form 990 for calendar year 2020, object 202143169349301049 · read the filing
  • 2019: Form 990 for calendar year 2019, object 202043179349303729 · read the filing

All filings for EIN 31-1768219: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.