Nonprofit · EIN 52-1097109
THE MARION I AND HENRY JKNOTT SCHOLARSHIP FUND INC
Tax-exempt · COLUMBIA, MD 21045
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,345,592 | $3,733,106 | $612,486 | $83,251,348 | $0 | $83,251,348 |
| December 31, 2023 | 990 | $1,924,546 | $3,494,363 | -$1,569,817 | $77,708,503 | $0 | $77,708,503 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $4,345,592
- Net gain from sales of assets
- $3,423,011
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $2,578,464
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $134,748
- Salaries, compensation and benefits (total)
- $152,882
- Professional fundraising fees
- $0
- Accounting fees
- $15,835
- Program services (functional)
- $2,578,464
- Management and general (functional)
- $1,154,642
Balance sheet and other
- Total assets, start of year
- $77,708,503
- Total assets, end of year
- $83,251,348
- Total liabilities, end of year
- $0
- Net assets, end of year
- $83,251,348
- Publicly traded securities
- $16,109,616
- Net assets with donor restrictions
- $83,251,348
- Gross unrelated business income
- $219,002
- Gross receipts
- $4,648,844
- Employees
- 4
- Volunteers
- 5
- Year formed
- 1986
- State of legal domicile
- MD
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| TERRENCE SAWYER | Trustee Trustee or director | 1 | $0 | $609,242 | $46,648 |
| Dr Marylou Yam | Trustee Trustee or director | 1 | $0 | $386,290 | $10,171 |
| John Coppola - until 924 | Treasurer Trustee or director, Officer | 5 | $0 | $243,756 | $15,556 |
| Jack Chielli - until 924 | Trustee Trustee or director | 1 | $0 | $227,396 | $20,687 |
| Gerald Joyce | Trustee Trustee or director | 1 | $0 | $229,385 | $11,163 |
| MARTIN KNOTT | President Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Owen Knott | Treasurer Trustee or director, Officer | 5 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Dr Marylou Yam | Trustee Trustee or director | 1 | $0 | $386,486 | $38,300 |
| JOHN COPPOLA | Treasurer Trustee or director, Officer | 5 | $0 | $302,508 | $22,500 |
| JACK CHIELLI | Trustee Trustee or director | 1 | $0 | $196,980 | $30,000 |
| MARTIN KNOTT | President Trustee or director, Officer | 1 | $0 | $0 | $0 |
| OWEN KNOTT | Trustee Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 5850 WATERLOO RD STE 140, COLUMBIA, MD 21045-1944
- Principal officer (990 for 2024)
- MARTIN KNOTT, 5850 WATERLOO ROAD SUITE 140, COLUMBIA, MD 21045
- Signed the 990
- Owen Knott, Treasurer
- Phone
- (443) 325-7884
- Website
- WWW.KNOTTSCHOLAR.ORG
- Return prepared by
- C E A SCHOLTES AND ASSOCIATES
Mission
THE FUND'S MISSION IS TO SUPPORT CERTAIN TAX EXEMPT INSTITUTIONS IN THE STATE OF MARYLAND.
Program accomplishments
- THE FUND PROVIDES GRANTS TO TAX EXEMPT EDUCATIONAL AND MEDICAL ORGANIZATIONS IN THE STATE OF MARYLAND, INCLUDING THREE AREA HOSPITALS, THREE UNIVERSITIES, AND MULTIPLE SECONDARY SCHOOLS.Expenses $2,578,464 · grants $2,578,464
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 52-1097109
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1992
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $83,251,348
- Income (IRS master file)
- $4,648,844
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $4,345,592 | $3,733,106 | $83,251,348 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $1,924,546 | $3,494,363 | $77,708,503 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $3,148,060 | $3,033,004 | $72,478,818 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 52-1097109).
Questions about THE MARION I AND HENRY JKNOTT SCHOLARSHIP FUND INC
- What is the EIN of THE MARION I AND HENRY JKNOTT SCHOLARSHIP FUND INC?
- The employer identification number (EIN) of THE MARION I AND HENRY JKNOTT SCHOLARSHIP FUND INC is 52-1097109.
- Is THE MARION I AND HENRY JKNOTT SCHOLARSHIP FUND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1992.
- Are donations to THE MARION I AND HENRY JKNOTT SCHOLARSHIP FUND INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does THE MARION I AND HENRY JKNOTT SCHOLARSHIP FUND INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of THE MARION I AND HENRY JKNOTT SCHOLARSHIP FUND INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE MARION I AND HENRY JKNOTT SCHOLARSHIP FUND INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of THE MARION I AND HENRY JKNOTT SCHOLARSHIP FUND INC?
- The 990 for the year ended December 31, 2024 names MARTIN KNOTT.
- Who are the officers and directors of THE MARION I AND HENRY JKNOTT SCHOLARSHIP FUND INC?
- The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does THE MARION I AND HENRY JKNOTT SCHOLARSHIP FUND INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,345,592, expenses of $3,733,106 and total assets of $83,251,348 at year end.
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