Knapp Educational Fund Inc
Knapp Educational Fund Inc. maintains stable assets and zero executive compensation amidst fluctuating revenues.
EIN: 132970128 · St Michaels, MD · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.5M |
| Total Expenses | $252K |
| Program Spending | 90% |
| Net Assets | $4.0M |
| Transparency Score | 85/100 |
Is Knapp Educational Fund Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Knapp Educational Fund Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Knapp Educational Fund Inc
Knapp Educational Fund Inc (EIN: 132970128) is a nonprofit organization based in St Michaels, MD. The organization reported total revenue of $1.5M and total assets of $3.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Knapp Educational Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Knapp Educational Fund Inc is a mid-size nonprofit that has been operating for 47 years, with 8 years of IRS 990 filings on record (2011–2021). Revenue has grown at a compound annual rate of 1.1%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $334K |
| Total Expenses | $252K |
| Surplus / Deficit | +$82K |
| Total Assets | $4.1M |
| Total Liabilities | $25K |
| Net Assets | $4.0M |
| Operating Margin | 24.6% |
| Debt-to-Asset Ratio | 0.6% |
| Months of Reserves | 193.4 months |
Financial Health Grade: A
In 2021, Knapp Educational Fund Inc reported a surplus of $82K with revenue exceeding expenses, holds 193.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.6% (very low leverage).
Financial Trends
Over 8 years of filings (2011–2021), Knapp Educational Fund Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -114.1% | -2.7% | -7.6% |
| 2019 | -37.8% | -24.2% | +3.4% |
| 2015 | +49.7% | -5.4% | -0.5% |
| 2014 | +7.9% | +29.4% | -3.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1979 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Knapp Educational Fund Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Knapp Educational Fund Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $82K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.6%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for a nonprofit of its asset size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Knapp Educational Fund Inc's IRS 990 filings:
- Negative revenue reported in 2020 without further explanation in the provided data.
Strengths
The following positive indicators were identified for Knapp Educational Fund Inc:
- Consistent zero officer compensation, indicating volunteer leadership and efficient use of funds.
- Stable asset base of approximately $4 million over a decade.
- Low and stable liabilities, demonstrating good financial management.
- Strong program focus implied by the absence of executive compensation and the nature of an educational fund.
Frequently Asked Questions about Knapp Educational Fund Inc
Is Knapp Educational Fund Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Knapp Educational Fund Inc (EIN: 132970128) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Knapp Educational Fund Inc spend its money?
Knapp Educational Fund Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Knapp Educational Fund Inc tax-deductible?
Knapp Educational Fund Inc is registered as a tax-exempt nonprofit (EIN: 132970128). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Knapp Educational Fund Inc located?
Knapp Educational Fund Inc is headquartered in St Michaels, Maryland and files with the IRS under EIN 132970128.
How many years of IRS 990 filings does Knapp Educational Fund Inc have?
Knapp Educational Fund Inc has 8 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.5M in total revenue.
Is Knapp Educational Fund Inc. a good charity?
Based on the provided data, Knapp Educational Fund Inc. appears to be a well-managed charity. It consistently reports zero officer compensation, indicating that all funds are directed towards its mission and operational costs rather than executive salaries. Its assets are stable, and liabilities are low, suggesting good financial health.
How does the organization manage its expenses?
The organization's expenses have generally been in the range of $250,000 to $430,000 annually. With zero officer compensation, it suggests a lean operational model where administrative and program costs are managed efficiently without the burden of executive salaries.
What caused the negative revenue in 2020?
The negative revenue of $-34,084 in 2020 could be due to investment losses, significant returns of prior year grants, or other non-operating adjustments. Without more detailed financial statements, the exact cause cannot be determined, but it's a notable anomaly in its revenue history.
Is the organization financially stable?
Yes, the organization appears financially stable. It consistently holds assets around $4 million, significantly exceeding its liabilities, which have remained low. This indicates a strong balance sheet and capacity to sustain its operations.
Filing History
IRS 990 filing history for Knapp Educational Fund Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2021), Knapp Educational Fund Inc's revenue has grown by 11.7%, moving from $299K to $334K. Total assets decreased by 9.9% over the same period, from $4.5M to $4.1M. Total functional expenses fell by 9.4%, from $278K to $252K. In its most recent filing year (2021), Knapp Educational Fund Inc reported a surplus of $82K, with revenue exceeding expenses. The organization holds $25K in liabilities against $4.1M in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $4.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $334K | $252K | $4.1M | $25K | — | — |
| 2020 | $-34,084 | $301K | $4.0M | $25K | — | — |
| 2019 | $241K | $309K | $4.3M | $14K | — | View 990 |
| 2015 | $387K | $408K | $4.2M | $21K | — | View 990 |
| 2014 | $259K | $431K | $4.2M | $21K | — | View 990 |
| 2013 | $240K | $333K | $4.3M | $20K | — | View 990 |
| 2012 | $269K | $329K | $4.4M | $19K | — | View 990 |
| 2011 | $299K | $278K | $4.5M | $18K | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $334K, expenses of $252K, and assets of $4.1M.
- 2020: Revenue of $-34,084, expenses of $301K, and assets of $4.0M (revenue -114.1% year-over-year).
- 2019: Revenue of $241K, expenses of $309K, and assets of $4.3M (revenue -37.8% year-over-year).
- 2015: Revenue of $387K, expenses of $408K, and assets of $4.2M (revenue +49.7% year-over-year).
- 2014: Revenue of $259K, expenses of $431K, and assets of $4.2M (revenue +7.9% year-over-year).
- 2013: Revenue of $240K, expenses of $333K, and assets of $4.3M (revenue -10.7% year-over-year).
- 2012: Revenue of $269K, expenses of $329K, and assets of $4.4M (revenue -10.1% year-over-year).
- 2011: Revenue of $299K, expenses of $278K, and assets of $4.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Knapp Educational Fund Inc:
Data Sources and Methodology
This transparency report for Knapp Educational Fund Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.