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Nonprofit · EIN 38-3465904

JAMES A & FAITH KNIGHT FOUNDATION

Tax-exempt · ANN ARBOR, MI 48103

Financials

$1.3M$175K2023$1.4M$182K2024$2.2M$220K2025
Revenue Expenses · by fiscal year end
Financials of JAMES A & FAITH KNIGHT FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-PF$2,193,232$220,075$1,973,157$13,948,736$2,000$13,946,736
December 31, 2024990-PF$1,383,661$182,277$1,201,384$12,792,454$8,375$12,784,079
December 31, 2023990-PF$1,304,972$175,211$1,129,761$12,517,276$3,011$13,364,102
Financial details: 990-PF for the year ended December 31, 2025

Revenue

Dividends
$405,068
Interest
$65,368
Net gain from sales of assets
$1,722,796

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$45,000
Disbursements for charitable purposes
$883,379
Excise tax on investment income
$28,843

Balance sheet and other

Total assets, start of year
$12,792,454
Total assets, end of year
$13,948,736
Total liabilities, end of year
$2,000
Net assets, end of year
$13,946,736
Fair market value of assets
$22,952,542
Qualifying distributions
$883,379
Net investment income
$2,193,232

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-PF for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
CAROL KNIGHT-DRAIN
180 LITTLE LAKE DRIVE SUITE 6B, ANN ARBOR, MI 48103
PRESIDENT20$35,000
SCOTT DRAIN
180 LITTLE LAKE DRIVE SUITE 6B, ANN ARBOR, MI 48103
TREASURER10$10,000
CHRISTOPHER BALLARD
180 LITTLE LAKE DRIVE SUITE 6B, ANN ARBOR, MI 48103
SECRETARY1$0
990-PF for the year ended December 31, 2024: 3 people
NameTitleHours / weekCompensation
CAROL KNIGHT-DRAIN
180 LITTLE LAKE DRIVE SUITE 6B, ANN ARBOR, MI 48103
PRESIDENT20$35,000
SCOTT DRAIN
180 LITTLE LAKE DRIVE SUITE 6B, ANN ARBOR, MI 48103
TREASURER10$10,000
CHRISTOPHER BALLARD
180 LITTLE LAKE DRIVE SUITE 6B, ANN ARBOR, MI 48103
SECRETARY1$0
990-PF for the year ended December 31, 2023: 3 people
NameTitleHours / weekCompensation
CAROL KNIGHT-DRAIN
180 LITTLE LAKE DRIVE SUITE 6B, ANN ARBOR, MI 48103
PRESIDENT20$35,000
SCOTT DRAIN
180 LITTLE LAKE DRIVE SUITE 6B, ANN ARBOR, MI 48103
TREASURER10$10,000
CHRISTOPHER BALLARD
180 LITTLE LAKE DRIVE SUITE 6B, ANN ARBOR, MI 48103
SECRETARY1$0

Address and contacts

Address (IRS master file)
180 LITTLE LAKE DR STE 6B, ANN ARBOR, MI 48103-6219
In care of
% DAVID J KNIGHT
Signed the 990-PF
CAROL KNIGHT-DRAIN, PRESIDENT
Phone
(734) 769-5653
Return prepared by
DAVISON & ASSOCIATES CPA

What it must file and when

IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990-PF on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
38-3465904
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Private non-operating foundation
Donations deductible (Pub 78)
Private foundation, 30% limit
Exempt since
1999
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$13,948,736
Income (IRS master file)
$8,926,172

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2025$2,193,232$220,075$13,948,736XML
990-PFDecember 2024$1,383,661$182,277$12,792,454IRS
990-PFDecember 2023$1,304,972$175,211$12,517,276XML
990-PFDecember 2022–––IRS
990-TDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-TDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-TDecember 2020–––IRS
990-PFDecember 2019–––IRS
990-PFDecember 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 38-3465904).

Questions about JAMES A & FAITH KNIGHT FOUNDATION

What is the EIN of JAMES A & FAITH KNIGHT FOUNDATION?
The employer identification number (EIN) of JAMES A & FAITH KNIGHT FOUNDATION is 38-3465904.
Is JAMES A & FAITH KNIGHT FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
Are donations to JAMES A & FAITH KNIGHT FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does JAMES A & FAITH KNIGHT FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of JAMES A & FAITH KNIGHT FOUNDATION due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did JAMES A & FAITH KNIGHT FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended December 2025.
Who are the officers and directors of JAMES A & FAITH KNIGHT FOUNDATION?
The 990-PF for the year ended December 31, 2025 lists 3 people; 2 received compensation from the organization, the highest $35,000 (CAROL KNIGHT-DRAIN, PRESIDENT).
How much revenue does JAMES A & FAITH KNIGHT FOUNDATION have?
On its 990-PF for the year ended December 31, 2025 it reported revenue of $2,193,232, expenses of $220,075 and total assets of $13,948,736 at year end.

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