Knights Templar Educational Fdn FY2023 filing

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Awarding scholarships and grants and processing student loans.

88¢ of each $1 spent went to programs.
$8K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2023 · 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
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
4 of 5
filings with a surplus
Average surplus $228K a year · 29% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$8K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
68 mo
of spending, in cash
Looks good: 68.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $111K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$22K
0.2% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
158
of 162 voting members
Looks good: 158 of 162 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$688K
+244% vs prior year
Spent
$464K
To programs
88%
Net assets
$14.0M
By yearFY2020–FY2024
Revenue
$688K
FY2023▲ +244%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.6M
FY2021$766K
FY2022$200K
FY2023$688K
FY2024$663K
Expenses
$464K
FY2023▼ -12%
Tap a bar for its year
Expenses by fiscal year
FY2020$736K
FY2021$369K
FY2022$528K
FY2023$464K
FY2024$654K
Net assets
$14.0M
FY2023▲ +6%
Tap a bar for its year
Net assets by fiscal year
FY2020$13.4M
FY2021$14.9M
FY2022$13.2M
FY2023$14.0M
FY2024$16.0M

From the FY2023 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2023 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 Jan 1964.

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

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $406K Management & general 12% · $58K

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

162 people listed on the 990; $8K paid to officers and key staff.

Part VII, Section A · reportable compensation
TX Secretary/Recorder
$6,000Pt VII · Sec A
$599Pt VII · Sec A
CT Chairman
$550Pt VII · Sec A
NH Secretary/Tres
$500Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Ronnie Wilson—$6,000———
Jerry Kirby Grand Recorder——$6,000$6,000—
Kenneth Andre Colpaert SR$1,100————
Douglas M Rowe———$1,000$1,000
Loren Winn$599$599———
Loren Winn Grand Recorder——$599$599—
Vincent Cowie$550————
William L Miller—$550$550$550$550

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

Provides scholarships, grants, and student loans to help students fund their higher education.

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Provided by the organization

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1 program · $406K · in their own filed words · FY2023
01

Awarded Scholarships and Processed Student Loans

187 scholarships awarded in 2023.

$406Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$111K
Grants paid · 13 grants · $2.3M · 2020–2024
Unitemized GrantFY2024$557,250
Unitemized GrantFY2023$376,000
Unitemized GrantFY2022$325,975
Unitemized GrantFY2021$278,500
Unitemized GrantFY2020$257,950
Lodge of West VirginiaFY2020$10,000

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$688K
Ln 12
Investment incomeLn 3$616K
Fees for servicesLn 2g$38K
Gifts and grantsLn 1h$34K
Money outPt IX
$464K
Ln 25
Programscol B$406K
Managementcol C$58K
Owns and owesPt X
$14.0M
net assets · Ln 32
Cash and savingsLn 1–2$2.6M
Total assetsLn 16$14.0M
LiabilitiesLn 26$22K
PeoplePt VI, VII
162
listed · VII A
PaidVII A4
Voting boardVI 1a162
IndependentVI 1b158
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$34K
Government grantsLn 1e$200
Fundraising eventsLn 1c$2K
Fees for servicesLn 2g$38K
Investment incomeLn 3$616K
Gains on assetsLn 7$1K
Total revenueLn 12$688K
Assets in detailPt X, end of year
CashLn 1$230K
SavingsLn 2$2.4M
Cash and savings togetherLn 1–2$2.6M
InvestmentsLn 11–13$11.4M
Total assetsLn 16$14.0M
LiabilitiesLn 26$22K
Net assetsLn 32$14.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 6141
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 FY23End FY23
Cash and savingsLn 1–2$2.6M$2.6M
InvestmentsLn 11–13$10.6M$11.4M
Total assetsLn 16$13.2M$14.0M
LiabilitiesLn 26$28K$22K
Net assetsLn 32$13.2M$14.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$12K$12K
Grants to domestic individualsLn 2$376K$376K
Legal feesLn 11b$150$150
Accounting feesLn 11c$2K$2K
Investment management feesLn 11f$18K$18K
Other fees for servicesLn 11g$3K$3K
Office expensesLn 13$260$130$130
OccupancyLn 16$16K$16K
Conferences, conventions and meetingsLn 19$346$346
Payments to affiliatesLn 21$20K$20K
Other expenses (24a–d)Ln 24$17K$936$16K
Total functional expensesLn 25$464K$406K$58K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $663K$654K$9K$16.0M 990 PDF
FY2023 Viewing $688K$464K$225K$14.0M 990 PDF
FY2022 $200K$528K−$328K$13.2M 990 PDF
FY2021 $766K$369K$397K$14.9M 990 PDF
FY2020 $1.6M$736K$838K$13.4M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $688,362 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $12,983$34,420
I-9 Program service revenuePrior year $0$37,608
I-10 Investment incomePrior year $187,020$616,334
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $200,003$688,362
I-13 Grants and similar amounts paidPrior year $453,951$387,500
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $74,241$76,125
I-18 Total expensesPrior year $528,192$463,625
I-19 Revenue less expensesPrior year −$328,189$224,737
Part VI · Governance 158 of 162 board members independent, 1 to look at
VI-1a Voting members of the governing body162
VI-1b Independent voting members158
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 $688,362 across 9 lines filed
VIII-1c Fundraising events$2,200
VIII-1e Government grants$200
VIII-1f All other contributions, gifts and grants$32,020
VIII-1h Total contributions, gifts and grants$34,420
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $37,608$37,608
VIII-3 Investment incomeExcluded from tax $615,180$615,180
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,154$1,154
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $37,608 · Unrelated business $0 · Excluded from tax $616,334$688,362
Part IX · Statement of functional expenses $463,625 across 11 lines filed
IX-1 Grants to domestic organizationsPrograms $11,500$11,500
IX-2 Grants to domestic individualsPrograms $376,000$376,000
IX-11b Legal feesManagement $150$150
IX-11c Accounting feesManagement $2,075$2,075
IX-11f Investment management feesPrograms $17,528$17,528
IX-11g Other fees for servicesManagement $3,289$3,289
IX-13 Office expensesPrograms $130 · Management $130$260
IX-16 OccupancyManagement $15,550$15,550
IX-19 Conferences, conventions and meetingsManagement $346$346
IX-21 Payments to affiliatesManagement $20,250$20,250
IX-24 Other expenses (24a–d)Programs $936 · Management $15,741$16,677
IX-25 Total functional expensesPrograms $406,094 · Management $57,531 · Fundraising $0$463,625
Part X · Balance sheet $14,040,464 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $236,470$229,799
X-2 Savings and temporary cash investmentsStart of year $2,350,986$2,418,411
X-4 Accounts receivable$21,839
X-11 Publicly traded securitiesStart of year $10,564,287$11,357,383
X-13 Program-related investmentsStart of year $66,972$13,032
X-16 Total assetsStart of year $13,218,715$14,040,464
X-17 Accounts payable and accrued expensesStart of year $5,239$36
X-25 Other liabilitiesStart of year $22,375$21,500
X-26 Total liabilitiesStart of year $27,614$21,536
X-32 Total net assets or fund balancesStart of year $13,191,101$14,018,928
X-33 Total liabilities and net assetsStart of year $13,218,715$14,040,464
Part XI · Reconciliation of net assets $14,018,928 net assets at year end
XI-1 Total revenue$688,362
XI-2 Total expenses$463,625
XI-3 Revenue less expenses$224,737
XI-4 Net assets at start of year$13,191,101
XI-5 Net unrealized gains (losses) on investments$603,090
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$14,018,928

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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