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Nonprofiteer
← K-CONNECT

Form 990 for tax year 2023

Filed by K-CONNECT.

Totals

Total revenue
$1,585,938
Total expenses
$1,116,493
Contributions and grants received
$1,583,438
Grants paid
$0
Program service revenue
$2,500
Investment income
$0
Other revenue
$0
Total assets, end of year
$1,557,681
Total liabilities, end of year
$108,795
Net assets or fund balances, end of year
$1,448,886
Program services expenses (Part IX)
$907,545
Management and general expenses
$170,630
Fundraising expenses
$38,318
Program service expenses (Part III)
$907,545

Program services were 81.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $1,583,438

  • 2a · Program service revenue: CONSULTING REVENUE

    total $2,500 · related or exempt $2,500

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $145,203 · program services $108,266 · management and general $28,446 · fundraising $8,491

  • 7 · Other salaries and wages

    total $389,319 · program services $290,284 · management and general $76,269 · fundraising $22,766

  • 9 · Other employee benefits

    total $77,928 · program services $58,105 · management and general $15,266 · fundraising $4,557

  • 10 · Payroll taxes

    total $42,814 · program services $31,923 · management and general $8,387 · fundraising $2,504

  • 11b · Fees: legal

    total $1,085 · program services $1,085

  • 11c · Fees: accounting

    total $11,600 · management and general $11,600

  • 11g · Fees: other

    total $261,349 · program services $259,408 · management and general $1,941

  • 13 · Office expenses

    total $26,126 · program services $18,003 · management and general $8,123

  • 14 · Information technology

    total $19,364 · program services $16,350 · management and general $3,014

  • 16 · Occupancy

    total $30,586 · program services $30,586

  • 17 · Travel

    total $45,638 · program services $44,166 · management and general $1,472

  • 19 · Conferences, conventions and meetings

    total $25,471 · program services $24,649 · management and general $822

  • 22 · Depreciation, depletion and amortization

    total $5,206 · management and general $5,206

  • 23 · Insurance

    total $4,549 · program services $1,925 · management and general $2,624

  • 24a · Other expenses: HOUSING FACILITATION

    total $14,427 · program services $14,427

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $9,644 · program services $7,100 · management and general $2,544

  • 24c · Other expenses: OTHER MISCELLANEOUS EXP

    total $4,916 · management and general $4,916

  • 24d · Other expenses: PRINTING

    total $1,268 · program services $1,268

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $375,544 · end of year $488,875

  • 3 · Pledges and grants receivable

    beginning of year $640,437 · end of year $991,500

  • 4 · Accounts receivable

    beginning of year $425 · end of year $375

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,453 · end of year $79

  • 10a · Land, buildings and equipment: cost or other basis

    $48,825

  • 10b · Land, buildings and equipment: accumulated depreciation

    $33,631

  • 10c · Land, buildings and equipment, net

    beginning of year $8,362 · end of year $15,194

  • 15 · Other assets

    beginning of year $92,108 · end of year $61,658

  • 17 · Accounts payable and accrued expenses

    beginning of year $46,734 · end of year $45,193

  • 25 · Other liabilities

    beginning of year $95,154 · end of year $63,602

  • 27 · Net assets without donor restrictions

    beginning of year $339,004 · end of year $507,386

  • 28 · Net assets with donor restrictions

    beginning of year $640,437 · end of year $941,500

Mission and programs · 2023

Mission

KCONNECT ENSURES THAT ALL CHILDREN IN KENT COUNTY HAVE A CLEAR PATH TO ECONOMIC PROSPERITY THROUGH FAMILY, QUALITY EDUCATION, AND COMMUNITY SUPPORTS.

Activities or mission (Part I)

AIMED AT INCREASING STUDENT ACHIEVEMENT THROUGHOUT KENT COUNTY.

  • IN 2024, KCONNECT FOCUSED ON MULTIPLE AREAS ACROSS THE PRENATAL-TO-CAREER CONITUUM, INCLUDING OPERATIONALIZING ITS CO-CREATED SHARED POLICY AGENDA, AS WELL AS FOCUSING ON AREAS SUCH AS WORKFORCE DEVELOPMENT AND K-12 EDUCATION. THESE EFFORTS WERE ROOTED IN THE STRATEGIC PLAN DEVELOPED IN 2023, WHICH EMPHASIZED ADDRESSING SYSTEMIC BARRIERS AND CREATING EQUITABLE ACCESS TO ECONOMIC MOBILITY FOR HISTORICALLY UNDERRESPRESENTED POPULATIONS. BY STRENGTHENING PARTNERSHIPS WITH COMMUNITY STAKEHOLDERS AND ALIGNING EFFORTS ACROSS SECTORS, KCONNECT ADVANCED INITATIVES SUCH AS OUR WORK TO DIVERSIFY THE EDUCATOR PIPELINE, IMPROVING BUSINESS OWNERSHIP FOR ENTREPRENEURS OF COLOR, AND LEVERAGING OUR NATIONAL PARTNERSHIPS TO LAUNCH CONNECTUS, A WORLDWIDE CONSULTANCY AIMED AT BRINGING COLLECTIVE IMPACT TO COMMUNITIES AROUND THE GLOBE.

    Expenses $907,545 · Revenue $2,500

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Salvador Lopez

    PRESIDENT/EXEC DIRECTOR

    Total calculated
    $132,411
    From this org
    $128,336
    From related orgs
    $0
    Other
    $4,075
    Hours/week
    40

  • Vanessa Greene

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kate Berens

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kevin Polston

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jacob Maas

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Diana Sieger

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Stacy Stout

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Randy Thelen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Krista Flynn

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Dr Brandy Lovelady Mitchell

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Michelle Van Dyke

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Andrew Brower

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Jamon Alexander

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
28 January 2025
IRS schema version
2023v6.0
Source object
202500319349302000

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