2023-10-31T13:04:57-07:00 2022-12-31 030483170 CEA Scholtes and Associates 106 Tunbridge Rd Baltimore MD 21212 990 2022-01-01 521097109 THE MARION I AND HENRY J KNOTT SCHOLARSHIP FUND INC MARI 4433257884 5850 WATERLOO ROAD SUITE 140 COLUMBIA MD 21045 JOHN COPPOLA Treasurer 2023-10-31 true JOHN COPPOLA 999009999 true CHRIS SCHOLTES CPA P01607734 4103230010 2 AAL1 IAL1 FAL1 2022 2023-04-26 12:10:37Z MARTIN KNOTT 5850 WATERLOO ROAD SUITE 140 COLUMBIA MD 21045 9400858 false X WWW.KNOTTSCHOLAR.ORG X 1986 MD THE MARION I AND HENRY J KNOTT SCHOLARSHIP FUND'S FUND'S MISSION IS TO SUPPORT CERTAIN TAX EXEMPT INSTITUTIONS IN THE STATE OF MARYLAND. 5 2 0 5 -112307 0 0 5228746 3148060 0 5228746 3148060 2277782 2460264 0 0 0 0 1518536 572740 3796318 3033004 1432428 115056 84958204 72478818 0 84958204 72478818 THE FUND'S MISSION IS TO SUPPORT CERTAIN TAX EXEMPT INSTITUTIONS IN THE STATE OF MARYLAND. false false 2460264 2460264 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. 2460264 true false false false false false false false false false false true false false false false false false false false true false false false false false false true true true false false false false false false false false false false false false false true false false false true 0 0 false 0 true true false false false false false false 0 false false false false false false false X 5 2 false false true false false false false true true true false true true true true false true false false false MD X MIMIE HELM 4433257884 5850 WATERLOO ROAD SUITE 140 COLUMBIA MD 21045 JOHN COPPOLA Treasurer 5.00 50.00 X X 0 275203 27799 JACK CHIELLI Trustee 1.00 50.00 X 0 200300 27000 KELLY KILDUFF Trustee 1.00 50.00 X 0 164024 1300 MARTIN KNOTT President 1.00 0.00 X X 0 0 0 OWEN KNOTT Trustee 1.00 0.00 X 0 0 0 639527 56099 0 false true false 0 0 0 769891 -188412 958303 0 0 0 8630967 6252798 2378169 2378169 76105 2302064 0 0 0 0 3148060 -112307 3260367 1496582 1496582 963682 963682 0 0 0 0 0 0 0 0 0 0 17640 17640 0 0 457040 457040 98060 98060 0 0 0 0 0 0 0 0 0 0 0 0 0 3033004 2460264 572740 0 0 1589867 1400957 0 0 0 0 0 0 0 0 10405002 10049132 72963335 61028729 0 0 0 84958204 72478818 0 0 X 84958204 72478818 84958204 72478818 84958204 72478818 115056 -12594442 X false false false X X X 25 LOYOLA UNIVERSITY MARYLAND INC 520591623 2 true 465929 0 NOTRE DAME OF MARYLAND UNIVERSITY 520591641 2 true 550005 0 MOUNT ST MARYS UNIVERSITY 520591672 2 true 280647 0 ARCHBISHOP CURLEY HIGH SCHOOL 520740597 2 true 8540 0 THE SETON KEOUGH HIGH SCHOOL 520810937 2 true 0 0 CALVERT HALL COLLEGE HIGH SCHOOL 520607966 2 true 179651 0 CATHOLIC HIGH SCHOOL OF BALTIMORE 520607888 2 true 22600 0 INSTITUTE OF NOTRE DAME 520682580 2 true 0 0 MERCY HIGH SCHOOL 520735462 2 true 0 0 LOYOLA BLAKEFIELD 521142152 2 true 105775 0 NOTRE DAME PREPARATORY SCHOOL 520733735 2 true 259200 0 MOUNT SAINT JOSEPH HIGH SCHOOL 521169308 2 true 77775 0 OUR LADY OF MOUNT CARMEL SCHOOL 452651090 2 true 0 0 SAINT MARYS HIGH SCHOOL 520591449 2 true 15689 0 ST FRANCES ACADEMY 521738895 2 true 0 0 THE JOHN CARROLL SCHOOL 520800342 2 true 91625 0 ST JOHNS CATHOLIC PREPARATORY 520954961 2 true 17953 0 TOWSON CATHOLIC HIGH SCHOOL 521701221 2 true 0 0 MARYVALE PREPARATORY SCHOOL 521160935 2 true 22300 0 ARCHBISHOP SPALDING HIGH SCHOOL 520846081 2 true 73150 0 MOUNT DE SALES HIGH SCHOOL INC 521158023 2 true 89424 0 SAINT JOSEPH MEDICAL CENTER INC 520591461 3 true 66667 0 MERCY MEDICAL CENTER INC 520591658 3 true 66667 0 BON SECOURS HOSPITAL BALTIMORE 520591555 3 true 0 0 ST AGNES HOSPITAL FOUNDATION 521415083 3 true 66667 0 25 2460264 0 true false false false false false false false false false false false false false false true true Part IV, Section B, Line 2: Providing Benefit Carried Out the Purposes of Supported Orgs. THE SUPPORTED ORGANIZATIONS THAT CONTROL THE FUND ARE CATHOLIC UNIVERSITIES IN THE BALTIMORE AREA. THE PURPOSE OF THESE SUPPORTED ORGANIZATIONS IS NOT ONLY TO EDUCATE THEIR OWN STUDENTS BUT TO HELP SUPPORT THE EDUCATION AND WELFARE OF THE ENTIRE COMMUNITY. THE FUND IS CARRYING OUT THE PURPOSE OF THESE UNIVERSITIES BY PROVIDING MONETARY SUPPORT TO THE CONTROLLING UNIVERSITIES AND TO LOCAL HIGH SCHOOLS AND HOSPITALS. 61028729 CENTR AMERICA & THE CARIBBEAN 0 0 INVESTMENTS 17100281 17100281 17100281 true false false false true false false LOYOLA UNIVERSITY MARYLAND 4501 N CHARLES STREET BALTIMORE MD 21210 520591623 501(C)(3) 465929 0 SCHOLARSHIPS Mercy Medical Center Inc 345 St Paul Place Baltimore MD 21202 520591658 501(C)(3) 66667 0 Services & medical care MOUNT SAINT MARYS UNIVERSITY 16300 OLD EMMITSBURG ROAD EMMITSBURG MD 21727 520591672 501(C)(3) 280647 0 SCHOLARSHIPS NOTRE DAME OF MARYLAND UNIVER 4701 N CHARLES STREET BALTIMORE MD 21210 520591641 501(C)(3) 550005 0 SCHOLARSHIPS St Agnes Hospital Foundation 900 Caton Avenue Baltimore MD 21229 521415083 501(C)(3) 66667 0 Services & medical care St Joseph Medical Center 7601 Osler Drive Baltimore MD 21204 520591461 501(C)(3) 66667 0 Services & medical care 6 0 SCHOLARSHIPS - ARCHBISHOP SPALDING 7 73150 SCHOLARSHIPS - CALVERT HALL COLLEGE 21 179651 SCHOLARSHIPS - CATHOLIC HIGH SCHOOL 3 22600 SCHOLARSHIPS - LOYOLA HS BLAKEFIELD 8 105775 SCHOLARSHIPS - MOUNT DE SALES HS 12 89424 SCHOLARHIPS - NOTRE DAME PREP 19 259200 SCHOLARSHIPS - ST. MARY'S HS 2 15689 SCHOLARSHIPS - THE JOHN CARROLL HS 9 91625 SCHOLARSHIPS - MARYVALE PREPARATORY 2 22300 SCHOLARSHIPS - ST. JOHN'S CATHOLIC 2 17953 SCHOLARSHIPS - MOUNT ST JOSEPH HS 8 77775 SCHOLARSHIPS - ARCHBISHOP CURLY 1 8540 false false false false false false false false false JACK CHIELLI Trustee 200300 27000 227300 JOHN COPPOLA Treasurer 275203 20499 7300 303002 KELLY KILDUFF Trustee 164024 1300 165324 Form 990, Part VI, Section A, Line 4 The Marion I. and Henry J. Knott Scholarship Fund, Inc. (the Corporation) is a charitable organization described in Section 509(a)(3) of the Internal Revenue Code of 1986 as a Type I Supporting Organization. The Corporation recently made administrative and other minor changes to its organizational and governing documents: (a) Amended and Restated Bylaws were adopted effective October 1, 2023; and (b) Articles of Amendment (updating the Corporations Articles of Organization) were adopted effective October 1, 2023, and were accepted and approved on October 14, 2023, by the Maryland Department of Assessments & Taxation. A copy of each of those documents is attached hereto and incorporated herein by reference. While none of the changes effected by these documents impact the Corporations status as a Type I Supporting Organization, they are reported here in the interest of full disclosure. 1. The Corporation is a charitable organization that distributes its funds for the benefit of defined charitable beneficiaries. Among the intended beneficiaries are various educational institutions in the State of Maryland. The Corporation has updated Section 1 of its Bylaws and Item Third of its Articles of Incorporation, relating to the beneficiaries of the Corporation, as follows: The Corporation has updated the names of those specifically identified educational institutions that have changed their names since the Corporations inception. In addition to identifying as a class of beneficiaries the Catholic secondary schools currently located in the Archdiocese of Baltimore and affiliated and sanctioned by the Archbishop of the Roman Catholic Archdiocese of Baltimore (and any others that may be established in the future and meet the same requirements), the Corporation previously (a) excluded those Catholic secondary schools located in Garrett, Alleghany, and Washington Counties; and (b) specifically named the then-existing specific Catholic secondary schools that were within the Archdiocese of Baltimore and that, therefore, were permissible charitable beneficiaries. The updated Bylaws simply identify the class of permissible beneficiaries as defined previously to be the Catholic secondary schools (current and future) located in the Archdiocese of Baltimore and affiliated and sanctioned by the Archbishop of the Roman Catholic Archdiocese of Baltimore; however, particular schools are no longer identified by name, and the exclusion of those Catholic secondary schools located in Garrett, Alleghany, and Washington Counties has been removed. 2. Section 1.2 of the original Bylaws had mandated various one-time grants to specified charitable organizations. Since these one-time grants have been satisfied, references to them have been removed from the Bylaws to avoid any confusion going forward. 666538, v. 2 3. The term of office of each class of Trustee was changed from four years to five years, as provided in Section 2 of the Bylaws. 4. The Trustees of the Corporation include four classes of Trustees. Under both the original and amended Bylaws, Class D Trustees are to be elected from among the descendants of Marion I. and Henry J. Knott. The revisions to the Trustee provisions in Section 2(b) and Appendix A of the Bylaws tweak the eligibility requirements and procedures for selecting Class D Trustees. Nevertheless, as before, the total number of Trustees in Classes A, B, and C combined (the independent Trustees selected by the supported organizations) must always be one more than the total number of Class D Trustees. 5. The Corporation has updated the principal office of the Corporation and its resident agent, as provided in the revised Item Fourth of the Articles of Incorporation. Form 990, Part VI, Section A, Line 9 MARTIN KNOTT - 25969 MARENGO COURT, EASTON, MD 21601 JOHN COPPOLA - 4501 N CHARLES STREET, JENKINS HALL 220, BALTIMORE, MD 21210 KELLEY KILDUFF - 4701 NORTH CHARLES STREET, BALTIMORE, MD 21210 JACK CHIELLI - 16300 OLD EMMITSBURG ROAD, EMMITSBURG, MD 21727 OWEN KNOTT 7608 LHIRONDELLE CLUB ROAD, TOWSON, MD 21204 Form 990, Part VI, Section B, Line 11b THE FORM 990 IS REVIEWED BY THE TREASURER AND THEN A COMPLETE COPY OF THE FORM 990 IS PROVIDED TO ALL VOTING MEMBERS OF THE BOARD PRIOR TO FILING. Form 990, Part VI, Section B, Line 12c BOARD MEMBERS ARE REQUIRED TO DISCLOSE POTENTIAL CONFLICTS OF INTEREST ON N ANNUAL BASIS, INCLUDING INTERESTS OF IMMEDIATE FAMILY MEMBERS AND ORGANIZATIONS IN WHICH THE BOARD MEMBER HAS A SIGNIFICANT MANAGEMENT FUNCTION OR A SIGNIFICANT OWNERSHIP INTEREST. ANY POTENTIAL CONFLICTS THAT ARISE DURING THE YEAR ARE IMMEDIATELY ADDRESSED THROUGH BOARD DISCUSSIONS. THE BOARD MEMBER WHOSE POTENTIAL CONFLICT OF INTEREST IS UNDER CONSIDERATION IS EXCLUDED FROM PARTICIPATION. THE DISCLOSURE OF THE CONFLICT OF INTEREST AND THE RELATED DELIBERATION AND VOTING RESULTS ARE DOCUMENTED IN THE MINUTES OF THE MEETING. Form 990, Part VI, Section C, Line 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104D. NOTRE DAME OF MARYLAND UNIVERSITY 4701 N CHARLES STREET BALTIMORE MD 21210 520591641 UNIVERSITY MD 501C3 LINE 2 NA false LOYOLA UNIVERSITY MARYLAND INC 4501 N CHARLES STREET BALTIMORE MD 21210 520591623 UNIVERSITY MD 501C3 LINE 2 NA false MOUNT ST MARYS UNIVERSITY 16300 OLD EMMITSBURG ROAD EMMITSBURG MD 21727 520591672 UNIVERSITY MD 501C3 LINE 2 NA false ARCHBISHOP CURLEY HIGH SCHOOL 3701 SINCLAIR LAND BALTIMORE MD 21213 520740597 SCHOOL MD 501C3 LINE 2 NA false CALVERT HALL COLLEGE HIGH SCHOOL 8102 LA SALLE ROAD BALTIMORE MD 21286 520607966 SCHOOL MD 501C3 LINE 2 NA false CATHOLIC HIGH SCHOOL OF BALTIMORE 2800 EDISON HWY BALTIMORE MD 21213 520607888 SCHOOL MD 501C3 LINE 2 NA false INSTITUTE OF NOTRE DAME 901 AISQUITH STREET BALTIMORE MD 21202 520682580 SCHOOL MD 501C3 LINE 2 NA false MERCY HIGH SCHOOL 1300 E NORTHERN PARKWAY BALTIMORE MD 21239 520735462 SCHOOL MD 501C3 LINE 2 NA false LOYOLA HIGH SCHOOL BLAKEFIELD 500 CHESTNUT AVE TOWSON MD 21285 521142152 SCHOOL MD 501C3 LINE 2 NA false NOTRE DAME PREPARATORY SCHOOL 815 HAMPTON LN TOWSON MD 21286 520733735 SCHOOL MD 501C3 LINE 2 NA false MOUNT SAINT JOSEPH HIGH SCHOOL 4403 FREDERICK AVENUE BALTIMORE MD 21229 521169308 SCHOOL MD 501C3 LINE 2 NA false OUR LADY OF MOUNT CARMEL HIGH SCHOOL 1706 OLD EASTERN AVENUE ESSEX MD 21221 452651090 SCHOOL MD 501C3 LINE 2 NA false SAINT MARYS HIGH SCHOOL 113 DUKE OF GLOUCESTER ST ANNAPOLIS MD 21401 520591449 SCHOOL MD 501C3 LINE 2 NA false ST FRANCES ACADEM 501 E CHASE STREET BALTIMORE MD 21202 521738895 SCHOOL MD 501C3 LINE 2 NA false THE JOHN CARROLL SCHOOL 703 E CHURCHVILLE RD BEL AIR MD 21014 520800342 SCHOOL MD 501C3 LINE 2 NA false THE SETON KEOUGH HIGH SCHOOL 1201 CATON AVENUE BALTIMORE MD 21227 520810937 SCHOOL MD 501C3 LINE 2 NA false ST JOHNS CATHOLIC PREPARATORY SCHOOL 3989 BUCKEYSTOWN PIKE BUCKEYSTOWN MD 21717 520954961 SCHOOL MD 501C3 LINE 2 NA false TOWSON CATHOLIC HIGH SCHOOL 114 WARE AVENUE TOWSON MD 21204 521701221 SCHOOL MD 501C3 LINE 2 NA false MARYVALE PREPARATORY SCHOOL 11300 FALLS ROAD LUTHERVILLE MD 21093 521160935 SCHOOL MD 501C3 LINE 2 NA false ARCHBISHOP SPALDING HIGH SCHOOL 8080 NEW CUT ROAD SEVERN MD 21144 520846081 SCHOOL MD 501C3 LINE 2 NA false MOUNT DE SALES HIGH SCHOOL INC 700 ACADEMY RD BALTIMORE MD 21228 521158023 SCHOOL MD 501C3 LINE 2 NA false SAINT JOSEPH MEDICAL CENTER INC 7601 OSLER DRIVE BALTIMORE MD 21204 520591461 HOSPITAL MD 501C3 LINE 3 NA false MERCY MEDICAL CENTER INC 345 ST PAUL PLACE BALTIMORE MD 21202 520591658 HOSPITAL MD 501C3 LINE 3 NA false BON SECOURS HOSPITAL BALTIMORE INC 2000 WEST BALTIMORE STREET BALTIMORE MD 21223 520591555 HOSPITAL MD 501C3 LINE 3 NA false ST AGNES HOSPITAL FOUNDATION 900 CATON AVENUE BALTIMORE MD 21229 551415083 HOSPITAL MD 501C3 LINE 3 NA false false true false false false false false false false false false false false false false false false false false