The Knollbrook Trust FY2020 filing

Tax-deductible

Philadelphia, PA501(c)(3)EIN 23-6407577Revenue $636K in FY2020

On file with the IRSGlenmede Tr Co 1650 Mkt St 4000, 19103-0000 · Philadelphia, PATax-exempt since Sep 1967Supporting organization — 509(a)(3)

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501(c)(3) charity; gifts are tax-deductible.
94¢ of each $1 spent went to programs.
$29K paid to officers and key staff.
Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $554K a year · 52% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$29K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 4.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
1
of 1 voting members
Looks good: 1 of 1 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$636K
Spent
$500K
To programs
94%
Net assets
$7.8M
By yearFY2020–FY2024
Revenue
$636K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$636K
FY2021$828K
FY2022$1.3M
FY2023$1.1M
FY2024$1.5M
Expenses
$500K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$500K
FY2021$511K
FY2022$553K
FY2023$578K
FY2024$446K
Net assets
$7.8M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$7.8M
FY2021$8.2M
FY2022$9.5M
FY2023$10.2M
FY2024$11.0M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 1967.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $471K Management & general 6% · $30K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

1 person listed on the 990; $29K paid to officers and key staff.

Part VII, Section A · reportable compensation
$28,698Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
The Glenmede Trust Co NA$34,972$33,284$34,289$33,585$28,698

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports Pew Charitable Trusts' public policy and civic life programs.

Questions for The Knollbrook Trust

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Provided by the organization

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1 program · $471K · in their own filed words · FY2020
01

See schedule O.THE organization provides substantial support to the pew charitable trusts, a public charity described in internal revenue code sections 501(c)(3) and 170(B)(1)(A)(VI), which conducts and funds programs designed to improve public policy, maintain public awareness of significant issues and trends, and invigorate civic life.

$471Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 5 grants · $2.4M · 2020–2024
The Pew Charitable TrustsDC · FY2024$410,205
The Pew Charitable TrustsDC · FY2023$544,067
The Pew Charitable TrustsDC · FY2022$517,396
The Pew Charitable TrustsDC · FY2021$476,097
The Pew Charitable TrustsDC · FY2020$470,872

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$636K
Ln 12
Other incomeLn 4–11$535K
Investment incomeLn 3$101K
Money outPt IX
$500K
Ln 25
Programscol B$471K
Managementcol C$30K
Owns and owesPt X
$7.8M
net assets · Ln 32
Cash and savingsLn 1–2$175K
Total assetsLn 16$7.8M
LiabilitiesLn 26$0
PeoplePt VI, VII
1
listed · VII A
PaidVII A1
Voting boardVI 1a1
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$101K
Other incomeLn 4–11$535K
Gains on assetsLn 7$77K
Total revenueLn 12$636K
Assets in detailPt X, end of year
CashLn 1$63
SavingsLn 2$175K
Cash and savings togetherLn 1–2$175K
InvestmentsLn 11–13$7.6M
Total assetsLn 16$7.8M
LiabilitiesLn 26$0
Net assetsLn 32$7.8M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$161K$175K
InvestmentsLn 11–13$6.6M$7.6M
Total assetsLn 16$6.7M$7.8M
LiabilitiesLn 26$0$0
Net assetsLn 32$6.7M$7.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$471K$471K
Pay of current officers, directors and key staffLn 5$29K$29K
Other expenses (24a–d)Ln 24$891$891
Total functional expensesLn 25$500K$471K$30K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.5M$446K$1.1M$11.0M 990 PDF
FY2023 $1.1M$578K$535K$10.2M 990 PDF
FY2022 $1.3M$553K$726K$9.5M 990 PDF
FY2021 $828K$511K$317K$8.2M 990 PDF
FY2020 Viewing $636K$500K$135K$7.8M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $635,661 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $72,037$101,008
I-11 Other revenuePrior year $477,063$534,653
I-12 Total revenuePrior year $549,100$635,661
I-13 Grants and similar amounts paidPrior year $459,657$470,872
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $29,557$28,698
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,036$891
I-18 Total expensesPrior year $490,250$500,461
I-19 Revenue less expensesPrior year $58,850$135,200
Part VI · Governance 1 of 1 board members independent, 1 to look at
VI-1a Voting members of the governing body1
VI-1b Independent voting members1
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $635,661 across 4 lines filed
VIII-3 Investment incomeExcluded from tax $23,839$23,839
VIII-7 Net gain or loss on sales of assetsExcluded from tax $77,169$77,169
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $7,714 · Excluded from tax $526,939$534,653
VIII-12 Total revenueRelated to mission $0 · Unrelated business $7,714 · Excluded from tax $627,947$635,661
Part IX · Statement of functional expenses $500,461 across 3 lines filed
IX-1 Grants to domestic organizationsPrograms $470,872$470,872
IX-5 Pay of current officers, directors and key staffManagement $28,698$28,698
IX-24 Other expenses (24a–d)Management $891$891
IX-25 Total functional expensesPrograms $470,872 · Management $29,589 · Fundraising $0$500,461
Part X · Balance sheet $7,807,151 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year −$907$63
X-2 Savings and temporary cash investmentsStart of year $162,355$175,092
X-11 Publicly traded securitiesStart of year $1,002,132$924,039
X-12 Other securitiesStart of year $5,572,846$6,707,957
X-16 Total assetsStart of year $6,736,426$7,807,151
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $6,736,426$7,807,151
X-33 Total liabilities and net assetsStart of year $6,736,426$7,807,151
Part XI · Reconciliation of net assets $7,807,151 net assets at year end
XI-1 Total revenue$635,661
XI-2 Total expenses$500,461
XI-3 Revenue less expenses$135,200
XI-4 Net assets at start of year$6,736,426
XI-9 Other changes in net assets$935,525
XI-10 Net assets at end of year$7,807,151

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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