Knapp Foundation Inc

Bartlett, TN
Tax-exempt since Nov. 1999
EIN: 62-1794837

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$1.14M (2024)

Expenses

$704k (2024)

Total Assets

$8.54M (2024)

Total Liabilities

$0 (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Revenue

$1,141,358

Expenses

$704,096

Net Income

$437,262

Net Assets

$8,536,791

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$247,956	21.7%
Sales of Assets	$868,237	76.1%
Other Income	$25,165	2.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$491,981	69.9%
Compensation of Officers*	$240,289	34.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$8,536,791
Total Liabilities	$0
Net Assets	$8,536,791

Compensation

Key Employees and Officers	Compensation	Other
Lori Condo Locke (Chairman)	$113,000	$0
Marcia R Brasel (Treasurer)	$60,383	$0
Laura Hamer (Board Member)	$52,160	$0
Cheryl Condo (Board Member)	$14,746	$0
Ellen Douglas (Board Member)	$0	$0

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990-PF

Filed on Nov. 14, 2025

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2023

Revenue

$418,531

Expenses

$744,794

Net Income

-$326,263

Net Assets

$8,099,529

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$270,118	64.5%
Sales of Assets	$120,444	28.8%
Other Income	$27,969	6.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$540,085	72.5%
Compensation of Officers*	$160,160	21.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$8,099,529
Total Liabilities	$0
Net Assets	$8,099,529

Compensation

Key Employees and Officers	Compensation	Other
Lori Condo Locke (Chairman)	$108,600	$0
Laura Hamer (Board Member)	$49,560	$0
Marcia R Brasel (Treasurer)	$45,000	$0
Cheryl Condo (Board Member)	$40,000	$0
Ellen Douglas (Board Member)	$0	$0

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990-PF

Filed on Nov. 14, 2024

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2022

Revenue

$245,457

Expenses

$824,243

Net Income

-$578,786

Net Assets

$8,425,792

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$231,747	94.4%
Sales of Assets	-$29,411
Other Income	$43,121	17.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$580,018	70.4%
Compensation of Officers*	$159,439	19.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$8,426,758
Total Liabilities	$966
Net Assets	$8,425,792

Compensation

Key Employees and Officers	Compensation	Other
Lori Condo Locke (Chairman)	$108,768	$0
Marcia R Brasel (Treasurer)	$49,471	$0
Cheryl Condo (Board Member)	$0	$0
Ellen Douglas (Board Member)	$0	$0
Laura Hamer (Board Member)	$0	$0

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990-PF

Filed on Nov. 8, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

PDF (2 of 2)

Fiscal Year Ending Dec.
2021

Revenue

$1,056,734

Expenses

$720,884

Net Income

$335,850

Net Assets

$9,004,578

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$43,537	4.1%
Interest Revenue	$0
Dividends	$215,673	20.4%
Sales of Assets	$785,791	74.4%
Other Income	$11,733	1.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$496,493	68.9%
Compensation of Officers*	$167,100	23.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$9,004,578
Total Liabilities	$0
Net Assets	$9,004,578

Compensation

Key Employees and Officers	Compensation	Other
Lori Condo Locke (Chairman)	$102,550	$0
Marcia R Brasel (Treasurer)	$64,550	$0

990-PF

Filed on Nov. 14, 2022

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

PDF (2 of 2)

Fiscal Year Ending Dec.
2020

Revenue

$352,432

Expenses

$699,141

Net Income

-$346,709

Net Assets

$8,668,728

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$198,122	56.2%
Sales of Assets	$145,939	41.4%
Other Income	$8,371	2.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$498,633	71.3%
Compensation of Officers*	$167,100	23.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$8,712,265
Total Liabilities	$43,537
Net Assets	$8,668,728

Compensation

Key Employees and Officers	Compensation	Other
Lori Condo Locke (Chairman)	$102,950	$0
Marcia R Brasel (Treasurer)	$64,950	$0

990-PF

Filed on Nov. 4, 2021

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$454,797

Expenses

$746,727

Net Income

-$291,930

Net Assets

$8,926,321

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$262,443	57.7%
Sales of Assets	$163,709	36.0%
Other Income	$28,645	6.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$538,898	72.2%
Compensation of Officers*	$165,370	22.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$8,926,721
Total Liabilities	$400
Net Assets	$8,926,321

Compensation

Key Employees and Officers	Compensation	Other
Lori Condo Locke (Treasurer)	$100,820	$0
Marcia R Brasel (Chairman)	$64,550	$0

990-PF

Filed on Nov. 4, 2020

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2018

Revenue

$570,314

Expenses

$680,562

Net Income

-$110,248

Net Assets

$9,781,193

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$228,660	40.1%
Sales of Assets	$285,228	50.0%
Other Income	$56,426	9.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$478,343	70.3%
Compensation of Officers*	$164,100	24.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$9,781,193
Total Liabilities	$0
Net Assets	$9,781,193

Compensation

Key Employees and Officers	Compensation	Other
Lori Condo Locke (Treasurer)	$99,550	$0
Marcia R Brasel (Chairman)	$64,550	$0

990-PF

Filed on Nov. 14, 2019

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2017

Revenue

$509,585

Expenses

$624,072

Net Income

-$114,487

Net Assets

$10,752,627

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$204,434	40.1%
Sales of Assets	$260,762	51.2%
Other Income	$44,389	8.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$438,019	70.2%
Compensation of Officers*	$161,100	25.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$10,752,627
Total Liabilities	$0
Net Assets	$10,752,627

Compensation

Key Employees and Officers	Compensation	Other
Lori Condo Locke (Treasurer)	$96,550	$0
Marcia R Brasel (Chairman)	$64,550	$0

990-PF

Filed on Nov. 14, 2018

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2016

Revenue

$324,593

Expenses

$567,614

Net Income

-$243,021

Net Assets

$9,975,548

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,502	0.5%
Interest Revenue	$0
Dividends	$207,372	63.9%
Sales of Assets	$88,551	27.3%
Other Income	$27,168	8.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$413,567	72.9%
Compensation of Officers*	$199,942	35.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$9,975,548
Total Liabilities	$0
Net Assets	$9,975,548

Compensation

Key Employees and Officers	Compensation	Other
Marcia R Brasel (Chairman)	$100,263	$0
Lori Condo Locke (Treasurer)	$99,679	$0

990-PF

Filed on Nov. 15, 2017

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2015

Revenue

$345,719

Expenses

$574,350

Net Income

-$228,631

Net Assets

$9,961,688

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$67,200	19.4%
Interest Revenue	$0
Dividends	$252,132	72.9%
Sales of Assets	$31,544	9.1%
Other Income	-$5,157

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$475,326	82.8%
Compensation of Officers*	$265,693	46.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$9,958,144
Total Liabilities	-$3,544
Net Assets	$9,961,688

Compensation

Key Employees and Officers	Compensation	Other
Marcia R Brasel (Chairman)	$97,008	$11,700
Lori Condo Locke (Treasurer)	$93,950	$4,154
Sandra J Taylor (Secretary)	$52,889	$13,650
Colleen W Walker (0)	$21,846	$1,701

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990-PF

Filed on Nov. 14, 2016

Primary tax return for a private foundation's activities, finances, and governance

View Filing

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PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2014

Revenue

$931,410

Expenses

$666,881

Net Income

$264,529

Net Assets

$10,635,012

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$258,672	27.8%
Sales of Assets	$578,235	62.1%
Other Income	$94,503	10.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$556,311	83.4%
Compensation of Officers*	$254,513	38.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$10,634,973
Total Liabilities	-$39
Net Assets	$10,635,012

Compensation

Key Employees and Officers	Compensation	Other
Marcia R Brasel (Chairman)	$97,057	$11,700
Lori Condo Locke (Treasurer)	$93,950	$3,666
Sandra J Taylor (Secretary)	$50,854	$14,791
Ellen C Douglas (0)	$12,652	$2,200

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990-PF

Filed on Nov. 17, 2015

Primary tax return for a private foundation's activities, finances, and governance

View Filing

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PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2013

Revenue

$773,242

Expenses

$582,427

Net Income

$190,815

Net Assets

$10,830,923

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$271,502	35.1%
Sales of Assets	$502,454	65.0%
Other Income	-$714

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$477,496	82.0%
Compensation of Officers*	$271,442	46.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$10,833,273
Total Liabilities	$2,350
Net Assets	$10,830,923

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2012

Revenue

$869,311

Expenses

$572,685

Net Income

$296,626

Net Assets

$10,052,807

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$281,296	32.4%
Sales of Assets	$583,728	67.1%
Other Income	$4,287	0.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$473,701	82.7%
Compensation of Officers*	$263,867	46.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$10,055,258
Total Liabilities	$2,451
Net Assets	$10,052,807

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2011

Revenue

$649,506

Expenses

$568,897

Net Income

$80,609

Net Assets

$9,567,320

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$285,754	44.0%
Sales of Assets	$365,481	56.3%
Other Income	-$1,729

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$468,403	82.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$9,569,420
Total Liabilities	$2,100
Net Assets	$9,567,320

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

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Updated March 23, 2026

Knapp Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $1.14M (2024)

Expenses $704k (2024)

Total Assets $8.54M (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Revenue

$1.14M (2024)

Expenses

$704k (2024)

Total Assets

$8.54M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003

Fiscal Year Ending Dec.
2002

Fiscal Year Ending Dec.
2001