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← INNOVATIVE NETWORK OF KNOWLEDGE

Form 990 for tax year 2024

Filed by INNOVATIVE NETWORK OF KNOWLEDGE.

Totals

Total revenue
$28,741,661
Total expenses
$28,678,932
Contributions and grants received
$28,609,791
Grants paid
$6,006
Program service revenue
$41,697
Investment income
$62,907
Other revenue
$27,266
Total assets, end of year
$5,999,792
Total liabilities, end of year
$3,674,776
Net assets or fund balances, end of year
$2,325,016
Program services expenses (Part IX)
$25,096,651
Management and general expenses
$3,582,281
Fundraising expenses
$0
Program service expenses (Part III)
$25,096,651

Program services were 87.5% 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.

  • 1d · Related organizations

    $1,381,706

  • 1e · Government grants (contributions)

    $26,274,543

  • 1f · All other contributions, gifts and grants

    $953,542

  • 1g · Noncash contributions included above

    $350,394

  • 2a · Program service revenue: Instructional Learning

    total $41,697 · related or exempt $41,697

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $83,986 · excluded $83,986

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    other assets $0

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

    other assets $21,079

  • 7c · Gain or loss

    securities $0 · other assets -$21,079

  • 7d · Net gain or loss

    total -$21,079 · excluded -$21,079

  • 11a · Other revenue: Miscellaneous Income

    total $27,266 · excluded $27,266

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $27,266

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $6,006 · program services $6,006

  • 5 · Compensation of officers, directors and key employees

    total $254,037 · management and general $254,037

  • 7 · Other salaries and wages

    total $11,931,337 · program services $11,492,697 · management and general $438,640

  • 8 · Pension plan contributions

    total $115,128 · program services $110,133 · management and general $4,995

  • 9 · Other employee benefits

    total $1,890,091 · program services $1,808,081 · management and general $82,010

  • 10 · Payroll taxes

    total $1,000,922 · program services $957,493 · management and general $43,429

  • 11b · Fees: legal

    total $3,354 · management and general $3,354

  • 11c · Fees: accounting

    total $170,101 · management and general $170,101

  • 11g · Fees: other

    total $2,669,806 · program services $2,609,877 · management and general $59,929 · fundraising $0

  • 16 · Occupancy

    total $2,927,528 · program services $2,903,748 · management and general $23,780

  • 17 · Travel

    total $247,406 · program services $224,911 · management and general $22,495

  • 19 · Conferences, conventions and meetings

    total $493,425 · program services $493,043 · management and general $382

  • 22 · Depreciation, depletion and amortization

    total $987,861 · program services $957,502 · management and general $30,359

  • 23 · Insurance

    total $251,688 · program services $146,722 · management and general $104,966

  • 24a · Other expenses: PROGRAM SUPPLIES

    total $2,412,562 · program services $2,396,297 · management and general $16,265

  • 24b · Other expenses: INDIRECT OVERHEAD EXPENSES

    total $2,320,959 · management and general $2,320,959

  • 24c · Other expenses: FOOD EXPENSES

    total $528,796 · program services $528,450 · management and general $346

  • 24d · Other expenses: OTHER EXPENSES

    total $467,925 · program services $461,691 · management and general $6,234

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $1,748,677 · end of year $716,573

  • 4 · Accounts receivable

    beginning of year $571,960 · end of year $2,603,632

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $23,747 · end of year $21,778

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

    $7,154,058

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

    $4,519,797

  • 10c · Land, buildings and equipment, net

    beginning of year $2,513,075 · end of year $2,634,261

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $48,987 · end of year $23,548

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,166,347 · end of year $1,922,501

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $1,477,812 · end of year $1,752,275

  • 27 · Net assets without donor restrictions

    beginning of year $2,262,287 · end of year $2,325,016

Mission and programs · 2024

Mission

INNOVATIVE NETWORK OF KNOWLEDGE PROVIDES COMPREHENSIVE EDUCATION AND FAMILY SUPPORT SERVICES TO DISADVANTAGED FAMILIES THANKS TO STRONG PARTNERSHIPS WITH DISTRICTS, INNOVATIVE (AND FUN!) CURRICULUMS AND PASSIONATE FOUNDATIONS FOR LEARNING AND ACADEMIC SUCCESS.

Activities or mission (Part I)

THE ORGANIZATION'S MISSION IS TO PROVIDE SERVICES TO FAMILIES AND CHILDREN IN NEED, ASSISTING THEM BY PROVIDING SCHOOL AND FAMILY RELATED SERVICES.

  • The JVLCDG grant provided educational services to 317 children during the 2024-2025 school year. The locations included Victoria ISD, Waelder ISD, Yoakum ISD, Nixon-Smiley ISD, Victoria HS and EHS, Cuero EHS, Edna HS, and Port Lavaca EHS. During the 2024-2025 academic year, the EHS CCP grant had a total of 120 children served. The centers that were open were Victoria, Boerne, Edna, Cuero, Port Lavaca, Yoakum under this grant. Partnerships with local libraries were made. Center managers partnered with the libraries in their areas and had a literacy program established where parents could get library cards and join events. The libraries donated backpacks and books to our center locations. Parents were involved with committees, events, and parent meetings at each center. Our Policy Council was established by a parent at every location, and many new ideas were suggested and implemented. Parades in this area are exciting and families participate by creating floats and dressing up. Toys for Tots is a big event, (CONTINUED ON SCHEDULE O)

    Expenses $10,059,629 · Grants $2,407 · Revenue $1,880

  • The Innovative Network of Knowledge OPLA grant provided educational services to 475 children during the 2024-25 Year. The locations included Monroe, West Monroe, Sterlington, Richwood, Franklin Parish, Richland and Lincoln parish. The program had 7 EHS childcare partners. The program opened EHS/HS program in Lincoln parish. This has been very exciting for this parish. The program also landed 3 classrooms in the local school system. This partnership has made it a smooth transition for our Head Start students. Parents were involved in the parent committee and policy councils. The program also had local college interns to do speech and language services for the children. The program had a total of 289 volunteers for the year. Parent involvement has increased with the implementation of Ready Rosie.

    Expenses $6,765,577 · Grants $1,619 · Revenue $3,059

  • The Alabama grant provided educational services to 80 children during the 2024-2025 school year. These children were Early Head Start ages birth to 3. Alabama served these children in 5 locations in Walker County: Jasper, Cordova, Dora, Curry, Townley. Partnerships with our local Capstone Clinic and Child Dentistry allowed us to provide medical and dental checkups for the children. We were able to form partnerships with our local school districts, Adam Bishop Center, and ARC of Walker County to provide speech, OT, and mental health services to our children and families. We partnered with The City of Lights, a recovery program for females and have been able to serve their children in our program while the mothers are learning a workforce skill. The policy council has been very involved in our program and voted to allow an expansion which added 6 more classrooms for this upcoming year for ages 3-5. Our family specialists provided recruiting activities each month and worked with our education coaches to provide, (CONTINUED ON SCHEDULE O)

    Expenses $4,253,077 · Grants $1,018 · Revenue $36,759

  • During the 2024-2025 academic school year, the AKW Grant continued to serve children. Our Early Head Start program enrolled 80 children in our 3 standalone sites and our Head Start program continued serving 134 children through our partnerships with Floresville ISD and Charlotte ISD. We wanted to make sure our families continued to feel involved in their child's education by providing monthly parent meetings followed by family engagement activities. During the family engagement activities, families are invited to come to the center and join their child for a creative activity. During this time, families can see what the children have been learning about in the classroom as well. This year AKW added a by-monthly Father Engagement classroom activity to have more father and/or father figures involved in the children's education. AKW also added the Let's Read Together take-home activities to enhance reading at home with a family member. Parents also continued to volunteer and attend Policy Council meetings via zoom. Teachers continue to send home educational activities daily; this gives parents the opportunity to spend some time with their child at home extending on what they are learning at school. This school year we had 214 parent volunteers. AKW grant continues to implement the parent curriculum called Ready Rosie. Ready Rosie delivers parenting curriculum videos via text. The City of Poteet continued to provide volunteers services each month by mowing the yard, paying for water and trash services. The City of Poteet included in their yearly donations the opportunity to house AKW's mains office, training room and storage shed while donating the rental cost, water and trash services. Our stand-alone sites continue working with the local community partnerships to provide resources and referrals to our families on as needed basis.

    Expenses $4,018,368 · Grants $962

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • George Cowden III

    Chairman

    Total calculated
    $120,809
    From this org
    $0
    From related orgs
    $120,809
    Other
    $0
    Hours/week
    1 + 9 related
  • Alan Griffin

    Director

    Total calculated
    $0
    Hours/week
    1 + 5 related
  • Cameron Vickrey

    Director

    Total calculated
    $0
    Hours/week
    1
  • David Sprouse

    Director

    Total calculated
    $0
    Hours/week
    1 + 4 related
  • Doug Browne

    Director

    Total calculated
    $0
    Hours/week
    1
  • Jennifer Jones

    Director

    Total calculated
    $0
    Hours/week
    1
  • Jesse Flores

    Director

    Total calculated
    $0
    Hours/week
    1
  • Karen Alexander Simmons

    Director

    Total calculated
    $0
    Hours/week
    1 + 4 related
  • Myra Starkey

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Scott Sharman

    Director

    Total calculated
    $0
    Hours/week
    1 + 4 related
  • Steve Brown

    Director

    Total calculated
    $0
    Hours/week
    1
  • Sharon Shetter

    President

    Total calculated
    $254,037
    From this org
    $231,803
    From related orgs
    $0
    Other
    $22,234
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $194,410
    Bonus
    $34,995
    Other
    $2,398
    Deferred
    $12,585
    Nontaxable benefits
    $9,649
    Filer's total
    $254,037
  • Nicole Spenrath

    Grants Director

    Total calculated
    $120,699
    From this org
    $108,521
    From related orgs
    $0
    Other
    $12,178
    Hours/week
    50
  • Priscilla Garza

    Grants Director

    Total calculated
    $106,682
    From this org
    $101,033
    From related orgs
    $0
    Other
    $5,649
    Hours/week
    50

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

None.

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

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
THE PRESIDENT'S COMPENSATION IS REVIEWED UTILIZING NATIONAL AND REGIONAL SALARY SURVEY DATA FOR EQUIVALENT POSITIONS WITH SIMILAR NONPROFIT ORGANIZATIONS. THE MARKET ANALYSIS IS EXAMINED BY THE CHIEF OPERATING OFFICER OF THE PARENT ORGANIZATION AND ANY COMPENSATION MODIFICATION IS RECOMMENDED AND DISCUSSED WITH THE CHAIRMAN OF THE BOARD OF DIRECTORS. THE COMPENSATION ANALYSIS IS PRESENTED TO THE BOARD OF DIRECTORS BY THE CHIEF OPERATING OFFICER OF THE PARENT COMPANY FOR DISCUSSION. DELIBERATION AND A BOARD DECISION IS MADE REGARDING THE COMPENSATION FOR THE PRESIDENT BY THE BOARD OF DIRECTORS. IF A COMPENSATION IS APPROVED, THE COMPENSATION IS INCLUDED IN THE ANNUAL OPERATING BUDGET. APPROVED COMPENSATION ADJUSTMENTS ARE RECORDED IN THE PERSONNEL RECORD OF THE PRESIDENT ALONG WITH THE RATIONALE FOR ANY COMPENSATION MODIFICATION.

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
22 April 2026
IRS schema version
2024v5.1
Source object
202641129349300324

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