Civic Intelligence

Billy Knote Memorial Foundation

EIN 45-2445980 • 501(c)3 • Southold, NY

Profile

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 knote's memory. We also honor the memory of all the wonderful people that we've spent 30 or more years working with on the long island rail road who passed away during the past year.

370 N Parish DriveSouthold, NY 11971

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

61st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

40th percentile

-2.6%

Higher net margin than 40% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

16th percentile

-55%

Faster asset growth than 16% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

38th percentile

-12%

Faster revenue growth than 38% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Down

$319

Down $385 (-55%) from 2018

Liabilities

Flat

$0

Flat from 2018

Net Assets

Down

$319

Down $385 (-55%) from 2018

Revenue

Down

$14,615

Down $1,914 (-12%) from 2018

Expenses

Down

$15,000

Down $1,391 (-8.5%) from 2018

Net Income

Down

-$385

Down $523 (-379%) from 2018

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15K$10K$5.0K$0Assets 2011: $3,036Liabilities 2011: $02011Assets 2012: $2,333Liabilities 2012: $02012Assets 2013: $9,208Liabilities 2013: $4,135Net Assets 2013: $5,0732013Assets 2014: $6,274Liabilities 2014: $0Net Assets 2014: $6,2742014Assets 2015: $10,223Liabilities 2015: $0Net Assets 2015: $10,2232015Assets 2016: $1,960Liabilities 2016: $0Net Assets 2016: $1,9602016Assets 2017: $566Liabilities 2017: $0Net Assets 2017: $5662017Assets 2018: $704Liabilities 2018: $0Net Assets 2018: $7042018Assets 2019: $319Liabilities 2019: $0Net Assets 2019: $3192019

Highlighted filing

2019

Assets$319
Liabilities$0
Net Assets$319

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$60K$40K$20K$0-$20KRevenue 2011: $40,737Expenses 2011: $37,701Net Income 2011: $3,0362011Revenue 2012: $40,277Expenses 2012: $40,980Net Income 2012: -$7032012Revenue 2013: $26,028Expenses 2013: $23,288Net Income 2013: $2,7402013Revenue 2014: $14,956Expenses 2014: $13,763Net Income 2014: $1,1932014Revenue 2015: $24,954Expenses 2015: $21,005Net Income 2015: $3,9492015Revenue 2016: $17,753Expenses 2016: $26,016Net Income 2016: -$8,2632016Revenue 2017: $14,934Expenses 2017: $16,328Net Income 2017: -$1,3942017Revenue 2018: $16,529Expenses 2018: $16,391Net Income 2018: $1382018Revenue 2019: $14,615Expenses 2019: $15,000Net Income 2019: -$3852019

Highlighted filing

2019

Revenue$14,615
Expenses$15,000
Net Income-$385

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Dec 15, 2020
Return Version
2019v5.1
Gross Receipts
$57,587
Mission and Program Overview

Mission

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 knote's memory. We also honor all the wonderful people that we spent 30 or more years working with on the long island rail road. During 2012, the foundation established the sandy hook senior class fund to help benefit survivors of the sandy hook school tradgedy.

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 knote's memory. We also honor the memory of all the wonderful people that we've spent 30 or more years working with on the long island rail road who passed away during the past year.

Program Services

DescriptionGrantsExpenses
THE BILLY KNOTE MEMORIAL FOUNDATION RAISES MONEY TO ASSIST, COMFORT, AND SHOW LOVE FOR A LONG ISLAND FAMILY WHO HAS SUFFERED HARDSHIPS DUE TO ILLNESS AND SUDDEN TRAGIC DEATH. THE FOUNDATION ALSO RAISES MONEY IN ORDER TO HONOR THE PEOPLE WORKING WITH THE LONG ISLAND RAILROAD OVER THE PAST 30 YEARS.$0$14,950
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
EDWARD KNOTETrustee-$0--
AMERICO FLAIBANChairmanPT$0--
KEVIN NEVILLETreasurerPT$0--
MIKE CAREYTrustee-$0--
RAY SERZANINTrustee-$0--
SCOTT DECKERTrustee-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Event$57,587$48,792$2,664$46,128
Total Events$57,587$48,792$42,973$5,819
Filing and Contact Details

Filer

Filer Name
Billy Knote Memorial Foundation
EIN
45-2445980
Phone
6317863968
Address
370 N PARISH DRIVE, SOUTHOLD, NY 11971

Signing Officer

Name
Kevin Neville
Title
Treasurer
Phone
6317863968
Signed
2020-12-15
Discuss with paid preparer
Yes

Preparer

Firm
Cerini & Associates Llp
Address
3340 VETERANS MEMORIAL HIGHWAY, BOHEMIA, NY 11716
Preparer
Matt Burke
Phone
6315821600
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

Activity classification: charity donation. Grantee name: riverhead hs (briggs school fund). Date of gift: 04/03/19. Amount given: 2,000.

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

Activity classification: charity donation. Grantee name: smart union sponsorship. Date of gift: 04/25/19. Amount given: 150.

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

Activity classification: charity donation. Grantee name: riverhead hs (briggs school fund). Date of gift: 04/29/19. Amount given: 2,000.

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

Activity classification: charity donation. Grantee name: raquel mintia. Date of gift: 06/20/19. Amount given: 1,000.

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

Activity classification: charity donation. Grantee name: hope house ministries. Date of gift: 09/04/19. Amount given: 6,000.

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

Activity classification: charity donation. Grantee name: ble. Date of gift: 10/14/19. Amount given: 175.

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

Activity classification: charity donation. Grantee name: jim antonelli. Date of gift: 10/21/19. Amount given: 1,000.

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

Activity classification: charity donation. Grantee name: rebecca briggs. Date of gift: 12/07/19. Amount given: 1,000.

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

Activity classification: charity donation. Grantee name: maria gallagher. Date of gift: 12/20/19. Amount given: 500. Total included on form 990-ez, line 10: 13,825.

Form 990-ez, Part I, Line 16 - Other Expenses

Description: indirect fundraising expenses. Amount: 925. Description: taxes. Amount: 50. Description: supplies. Amount: 79. Total to form 990-ez, line 16: 1,054.

Raw XML Appendix203 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/PrimaryExemptPurposeTxt0THE 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 KNOTE'S MEMORY. WE ALSO HONOR THE MEMORY OF ALL THE WONDERFUL PEOPLE THAT WE'VE SPENT 30 OR MORE YEARS WORKING WITH ON THE LONG ISLAND RAIL ROAD WHO PASSED AWAY DURING THE PAST YEAR.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ACTIVITY CLASSIFICATION: CHARITY DONATION. GRANTEE NAME: RIVERHEAD HS (BRIGGS SCHOOL FUND). DATE OF GIFT: 04/03/19. AMOUNT GIVEN: 2,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACTIVITY CLASSIFICATION: CHARITY DONATION. GRANTEE NAME: SMART UNION SPONSORSHIP. DATE OF GIFT: 04/25/19. AMOUNT GIVEN: 150.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACTIVITY CLASSIFICATION: CHARITY DONATION. GRANTEE NAME: RIVERHEAD HS (BRIGGS SCHOOL FUND). DATE OF GIFT: 04/29/19. AMOUNT GIVEN: 2,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ACTIVITY CLASSIFICATION: CHARITY DONATION. GRANTEE NAME: RAQUEL MINTIA. DATE OF GIFT: 06/20/19. AMOUNT GIVEN: 1,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ACTIVITY CLASSIFICATION: CHARITY DONATION. GRANTEE NAME: HOPE HOUSE MINISTRIES. DATE OF GIFT: 09/04/19. AMOUNT GIVEN: 6,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ACTIVITY CLASSIFICATION: CHARITY DONATION. GRANTEE NAME: BLE. DATE OF GIFT: 10/14/19. AMOUNT GIVEN: 175.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ACTIVITY CLASSIFICATION: CHARITY DONATION. GRANTEE NAME: JIM ANTONELLI. DATE OF GIFT: 10/21/19. AMOUNT GIVEN: 1,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7ACTIVITY CLASSIFICATION: CHARITY DONATION. GRANTEE NAME: REBECCA BRIGGS. DATE OF GIFT: 12/07/19. AMOUNT GIVEN: 1,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8ACTIVITY CLASSIFICATION: CHARITY DONATION. GRANTEE NAME: MARIA GALLAGHER. DATE OF GIFT: 12/20/19. AMOUNT GIVEN: 500. TOTAL INCLUDED ON FORM 990-EZ, LINE 10: 13,825.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9DESCRIPTION: INDIRECT FUNDRAISING EXPENSES. AMOUNT: 925. DESCRIPTION: TAXES. AMOUNT: 50. DESCRIPTION: SUPPLIES. AMOUNT: 79. TOTAL TO FORM 990-EZ, LINE 16: 1,054.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
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ReturnHeader/ReturnTs02020-12-15T10:02:51-06:00
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ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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