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BILLY KNOTE MEMORIAL FOUNDATION

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Public IRS 990 nonprofit record

BILLY KNOTE MEMORIAL FOUNDATION

EIN 45-2445980

What they do

THE GOAL of THE BILLY KNOTE FOUNDATION is to HELP A LOCAL FAMILY THAT HAS BEEN or is SUFFERING HARDSHIPS THROUGH NO FAULT of THEIR OWN. WHETHER IT WAS A SUDDEN or TRAGIC DEATH, or AN ILLNESS or DISEASE THAT HAS CAUSED TERRIBLE SUFFERING, WE DO THIS to HONOR OUR FRIEND BILLY KNOTES MEMORY. WE ALSO HONOR THE MEMORY of ALL THE WONDERFUL PEOPLE THAT WEVE SPENT 30 or MORE YEARS WORKING WITH ON THE LONG ISLAND RAIL ROAD WHO PASSED AWAY DURING THE PAST YEAR.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $99.70 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2021The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders1 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

102.29%of revenue went to mission work99.7% of expenses · Program services
$102.63spent for every $100 of revenueSpending was higher than revenue this year.
$0.02in assets for every $1 spent this yearSome assets cannot be spent right away.
60.2%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $385 this year. Ask whether that was planned or caused by a one-time event.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2021

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$14,615
Mission workProgram services$14,950102.29% of revenue99.7% of expenses
ManagementOffice and general costs0.00% of revenue0.0% of expenses
FundraisingAsking for donations0.00% of revenue0.0% of expenses
Total expenses$15,000102.63% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2019CurrentExpense mix: 99.7% mission · 0.0% management · 0.0% fundraisingTotal expenses: 102.63% of revenue
2018Expense mix: 94.2% mission · 0.0% management · 0.0% fundraisingTotal expenses: 99.17% of revenue
2017Expense mix: 95.8% mission · 0.0% management · 0.0% fundraisingTotal expenses: 109.33% of revenue

Money in and money out

Revenue$14,615
Expenses$15,000
Annual shortfall $385 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$14,950 · 99.7% of expenses
See all reported dollar amounts
Revenue$14,615
Expenses$15,000
Assets$319
Contributions$8,795
Mission work (program services)$14,950
People

Leadership and board

Tax year 2021

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (1)

EDWARD KNOTEPRINCIPAL OFFICER

About this charity

Location
370 N PARISH DRIVE, SOUTHOLD, NY 11971
County
Suffolk
In care of
KEVIN NEVILLE
Primary officer
EDWARD KNOTE

How to reach them

Filing and classification

Latest tax year
2021
Tax period began
January 1, 2021
Return type
990EZ
Tax preparer
CERINI & ASSOCIATES LLP

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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