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← K-CONNECT

Form 990 for tax year 2024

Filed by K-CONNECT.

Totals

Total revenue
$1,300,382
Total expenses
$1,287,532
Contributions and grants received
$1,010,452
Grants paid
$0
Program service revenue
$289,833
Investment income
$97
Other revenue
$0
Total assets, end of year
$1,758,610
Total liabilities, end of year
$296,874
Net assets or fund balances, end of year
$1,461,736
Program services expenses (Part IX)
$1,056,359
Management and general expenses
$188,284
Fundraising expenses
$42,889
Program service expenses (Part III)
$1,056,359

Program services were 82.0% 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.

  • 1a · Federated campaigns

    $10,000

  • 1e · Government grants (contributions)

    $25,000

  • 1f · All other contributions, gifts and grants

    $975,452

  • 2a · Program service revenue: CONSULTING REVENUE

    total $289,833 · related or exempt $289,833

  • 3 · Investment income

    total $388 · excluded $388

  • 7b · Less cost or other basis and sales expenses

    other assets $291

  • 7c · Gain or loss

    other assets -$291

  • 7d · Net gain or loss

    total -$291 · excluded -$291

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $152,863 · program services $117,805 · management and general $26,914 · fundraising $8,144

  • 7 · Other salaries and wages

    total $517,439 · program services $398,765 · management and general $91,104 · fundraising $27,570

  • 8 · Pension plan contributions

    total $14,646 · program services $11,287 · management and general $2,579 · fundraising $780

  • 9 · Other employee benefits

    total $64,853 · program services $49,979 · management and general $11,419 · fundraising $3,455

  • 10 · Payroll taxes

    total $55,185 · program services $42,529 · management and general $9,716 · fundraising $2,940

  • 11b · Fees: legal

    total $379 · program services $379

  • 11c · Fees: accounting

    total $12,300 · management and general $12,300

  • 11g · Fees: other

    total $227,648 · program services $225,636 · management and general $2,012

  • 13 · Office expenses

    total $36,033 · program services $23,381 · management and general $12,652

  • 14 · Information technology

    total $19,455 · program services $16,427 · management and general $3,028

  • 16 · Occupancy

    total $32,470 · program services $32,470

  • 17 · Travel

    total $51,174 · program services $49,545 · management and general $1,629

  • 19 · Conferences, conventions and meetings

    total $48,958 · program services $47,400 · management and general $1,558

  • 22 · Depreciation, depletion and amortization

    total $4,626 · management and general $4,626

  • 23 · Insurance

    total $4,835 · program services $2,047 · management and general $2,788

  • 24a · Other expenses: HOUSING FACILITATION

    total $30,819 · program services $30,819

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $10,717 · program services $7,890 · management and general $2,827

  • 24c · Other expenses: OTHER MISCELLANEOUS EXP

    total $3,132 · management and general $3,132

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $488,875 · end of year $700,119

  • 2 · Savings and temporary cash investments

    end of year $150,388

  • 3 · Pledges and grants receivable

    beginning of year $991,500 · end of year $772,732

  • 4 · Accounts receivable

    beginning of year $375 · end of year $75,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $79 · end of year $4,146

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

    $47,801

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

    $26,549

  • 10c · Land, buildings and equipment, net

    beginning of year $15,194 · end of year $21,252

  • 15 · Other assets

    beginning of year $61,658 · end of year $34,973

  • 17 · Accounts payable and accrued expenses

    beginning of year $45,193 · end of year $260,310

  • 25 · Other liabilities

    beginning of year $63,602 · end of year $36,564

  • 27 · Net assets without donor restrictions

    beginning of year $507,386 · end of year $689,004

  • 28 · Net assets with donor restrictions

    beginning of year $941,500 · end of year $772,732

Mission and programs · 2024

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.

  • KCONNECT'S 2025 WORK CENTERS ON STRENGTHENING THE SYSTEMS THAT SHAPE OPPORTUNITY BY ALIGNING PARTNERS, DATA, AND COMMUNITY VOICE TO ADVANCE ECONOMIC MOBILITY. AS A COLLECTIVE IMPACT BACKBONE, KCONNECT DEEPENED CROSS-SECTOR COLLABORATION ACROSS EDUCATION, WORKFORCE, HEALTH, AND ECONOMIC DEVELOPMENT, WHILE ADVANCING A SHARED POLICY AGENDA AND CLEAR SYSTEM-LEVEL MEASURES OF PROGRESS. KEY EFFORTS INCLUDED EXPANDING ACCESS AND PERSISTENCE FOR ADULT LEARNERS, ADVANCING A WRAPAROUND SERVICES MODEL FOR POSTSECONDARY SUCCESS, DIVERSIFYING THE EDUCATOR WORKFORCE THROUGH INITIATIVES SUCH AS TEACH HERE, AND ELEVATING COORDINATED ADVOCACY THROUGH CONVENINGS AND THE PACE FORWARD PODCAST. IN PARALLEL, KCONNECT SUPPORTED PATHWAYS TO WEALTH-BUILDING BY ELEVATING BUSINESS OWNERSHIP AS A STRATEGY FOR COMMUNITY STABILITY AND BY LAUNCHING LIVEDPAY TO FAIRLY COMPENSATE COMMUNITY MEMBERS FOR THEIR LIVED EXPERIENCE AND LEADERSHIP.

    Expenses $1,056,359 · Revenue $289,833

As filed on the 2024 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
    $153,207
    From this org
    $148,772
    From related orgs
    $0
    Other
    $4,435
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $143,153
    Bonus
    $5,619
    Other
    $0
    Deferred
    $4,254
    Nontaxable benefits
    $181
    Filer's total
    $153,207

  • 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

  • Dana Linnane

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Stacy Stout

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • James Logan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Randy Thelen

    TRUSTEE (ENDED 12/24)

    Total calculated
    $0
    Hours/week
    1

  • Krista Flynn

    TRUSTEE (ENDED 12/24)

    Total calculated
    $0
    Hours/week
    2

  • Dr Brandy Lovelady Mitchell

    TRUSTEE (ENDED 12/24)

    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
    2

  • 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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
26 March 2026
IRS schema version
2024v5.5
Source object
202611599349300216

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