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Nonprofiteer
← KNOWLEDGEWORKS FOUNDATION

Form 990 for tax year 2022

Filed by KNOWLEDGEWORKS FOUNDATION.

Totals

Total revenue
$7,495,465
Total expenses
$17,696,195
Contributions and grants received
$4,099,750
Grants paid
$2,636,786
Program service revenue
$3,220,991
Investment income
$174,724
Other revenue
$0
Total assets, end of year
$9,927,169
Total liabilities, end of year
$5,898,249
Net assets or fund balances, end of year
$4,028,920
Program services expenses (Part IX)
$13,600,979
Management and general expenses
$3,824,862
Fundraising expenses
$270,354
Program service expenses (Part III)
$13,600,979

Program services were 76.9% 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.

  • 1e · Government grants (contributions)

    $1,178,150

  • 1f · All other contributions, gifts and grants

    $2,921,600

  • 2a · Program service revenue: INTEREST ON STUDENT LOANS

    total $809,381 · related or exempt $809,381

  • 2b · Program service revenue: Fees for Service

    total $2,324,198 · related or exempt $2,324,198

  • 2c · Program service revenue: KWI Admin Fees

    total $87,412 · related or exempt $87,412

  • 3 · Investment income

    total $174,724 · excluded $174,724

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,636,786 · program services $2,636,786

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $1,520,032 · program services $1,067,749 · management and general $398,523 · fundraising $53,760

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $5,770,016 · program services $3,809,278 · management and general $1,789,108 · fundraising $171,630

  • 8 · Pension plan contributions

    total $334,005 · program services $222,321 · management and general $100,954 · fundraising $10,730

  • 9 · Other employee benefits

    total $596,728 · program services $399,710 · management and general $180,364 · fundraising $16,654

  • 10 · Payroll taxes

    total $532,171 · program services $353,740 · management and general $160,851 · fundraising $17,580

  • 11a · Fees: management

    total $12,583 · program services $475 · management and general $12,108

  • 11b · Fees: legal

    total $93,289 · management and general $93,289

  • 11c · Fees: accounting

    total $129,749 · program services $2,266 · management and general $127,483

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $2,383,289 · program services $2,012,983 · management and general $370,306 · fundraising $0

  • 12 · Advertising and promotion

    total $207,468 · program services $79,736 · management and general $127,732

  • 13 · Office expenses

    total $157,191 · program services $110,671 · management and general $46,520

  • 14 · Information technology

    total $409,986 · program services $330,427 · management and general $79,559

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $316,287 · program services $221,259 · management and general $95,028

  • 17 · Travel

    total $874,446 · program services $818,291 · management and general $56,155

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $490,018 · program services $469,546 · management and general $20,472

  • 20 · Interest

    total $352,152 · program services $352,152

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $84,696 · management and general $84,696

  • 23 · Insurance

    total $109,808 · program services $76,816 · management and general $32,992

  • 24a · Other expenses: STUDENT LOAN SERVICING FEES

    total $59,432 · program services $59,432

  • 24b · Other expenses: STUDENT LOAN TRUSTEE & ADMIN

    total $77,731 · program services $77,731

  • 24c · Other expenses: STUDENT LOAN AMORT. EXPENSE

    total $335,539 · program services $335,539

  • 24d · Other expenses: STUDENT LOAN REBATE FEES

    total $121,841 · program services $121,841

  • 24e · All other expenses

    total $90,952 · program services $42,230 · management and general $48,722

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,909,835 · end of year $5,010,231

  • 2 · Savings and temporary cash investments

    beginning of year $1,287,033 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $1,907,812 · end of year $920,253

  • 4 · Accounts receivable

    beginning of year $240,665 · end of year $225,498

  • 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

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $251,885 · end of year $335,118

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

    $615,215

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

    $431,275

  • 10c · Land, buildings and equipment, net

    beginning of year $231,332 · end of year $183,940

  • 11 · Investments: publicly traded securities

    beginning of year $2,054,120 · end of year $2,115,911

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $16,252,078 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $2,121,992 · end of year $1,136,218

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,668,888 · end of year $1,197,305

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $1,351,149 · end of year $3,623,365

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $10,748,897 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $8,918,639 · end of year $1,077,579

  • 27 · Net assets without donor restrictions

    beginning of year $1,502,582 · end of year $451,381

  • 28 · Net assets with donor restrictions

    beginning of year $6,066,597 · end of year $3,577,539

Mission and programs · 2022

Mission

SEE SCHEDULE O

  • KW IN SCHOOLS: SEE SCHEDULE O

    Expenses $4,877,556 · Revenue $1,456,434

  • POLICY AND ADVOCACY: SEE SCHEDULE O

    Expenses $3,402,144 · Grants $640,000 · Revenue $324,049

  • IMPACT AND IMPROVEMENT: SEE SCHEDULE O

    Expenses $2,607,233 · Grants $491,679 · Revenue $360,418

  • OTHER PROGRAM SERVICES: SEE SCHEDULE O

    Expenses $2,714,046 · Grants $34,630 · Revenue $1,080,090

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • HOLLY BRINKMAN

    COO, VP OF FINANCE & TREASURER

    Total calculated
    $310,955
    From this org
    $263,426
    From related orgs
    $0
    Other
    $47,529
    Hours/week
    37 + 3 related

    Schedule J breakdown matched by us

    Base
    $260,692
    Bonus
    $0
    Other
    $2,734
    Deferred
    $13,853
    Nontaxable benefits
    $33,676
    Filer's total
    $310,955

  • MATTHEW WILLIAMS

    EVP/CHIEF STRAT OFF&SECRETARY

    Total calculated
    $290,795
    From this org
    $250,840
    From related orgs
    $0
    Other
    $39,955
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $248,324
    Bonus
    $0
    Other
    $2,516
    Deferred
    $12,978
    Nontaxable benefits
    $26,977
    Filer's total
    $290,795

  • MICHAEL DIMAGGIO

    VP, STRATEGIC PTR & DEV

    Total calculated
    $257,821
    From this org
    $232,416
    From related orgs
    $0
    Other
    $25,405
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $228,520
    Bonus
    $0
    Other
    $3,896
    Deferred
    $11,773
    Nontaxable benefits
    $13,632
    Filer's total
    $257,821

  • VIRGEL HAMMONDS

    CHIEF LEARNING OFFICER

    Total calculated
    $245,951
    From this org
    $234,182
    From related orgs
    $0
    Other
    $11,769
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $231,948
    Bonus
    $0
    Other
    $2,234
    Deferred
    $11,597
    Nontaxable benefits
    $172
    Filer's total
    $245,951

  • LILLIAN PACE

    VP, POLICY & ADVOCACY

    Total calculated
    $225,766
    From this org
    $214,956
    From related orgs
    $0
    Other
    $10,810
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $212,768
    Bonus
    $0
    Other
    $2,188
    Deferred
    $10,638
    Nontaxable benefits
    $172
    Filer's total
    $225,766

  • REBECCA WOLFE

    VP, IMPACT & IMPROVEMENT

    Total calculated
    $222,840
    From this org
    $186,804
    From related orgs
    $0
    Other
    $36,036
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $184,460
    Bonus
    $0
    Other
    $2,344
    Deferred
    $9,683
    Nontaxable benefits
    $26,353
    Filer's total
    $222,840

  • KATHERINE PRINCE

    VP, STRATEGIC FORESIGHT

    Total calculated
    $205,158
    From this org
    $182,497
    From related orgs
    $0
    Other
    $22,661
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $179,880
    Bonus
    $0
    Other
    $2,617
    Deferred
    $9,318
    Nontaxable benefits
    $13,343
    Filer's total
    $205,158

  • WILLIAM HITE

    PRESIDENT & CEO

    Total calculated
    $196,917
    From this org
    $186,571
    From related orgs
    $0
    Other
    $10,346
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $173,453
    Bonus
    $10,000
    Other
    $3,118
    Deferred
    $9,223
    Nontaxable benefits
    $1,123
    Filer's total
    $196,917

  • LAUREN MCCAULEY

    SR DIR, TEACHING & LEARNING

    Total calculated
    $185,613
    From this org
    $149,942
    From related orgs
    $0
    Other
    $35,671
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $147,893
    Bonus
    $0
    Other
    $2,049
    Deferred
    $7,784
    Nontaxable benefits
    $27,887
    Filer's total
    $185,613

  • KATE WESTRICH

    VP, MARKETING & COMMUNICATIONS

    Total calculated
    $179,454
    From this org
    $170,761
    From related orgs
    $0
    Other
    $8,693
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $170,415
    Bonus
    $0
    Other
    $346
    Deferred
    $8,521
    Nontaxable benefits
    $172
    Filer's total
    $179,454

  • GREGORY SEATON

    SR DIR, IMPACT & IMPROVEMENT

    Total calculated
    $177,279
    From this org
    $143,533
    From related orgs
    $0
    Other
    $33,746
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $141,114
    Bonus
    $0
    Other
    $2,419
    Deferred
    $7,483
    Nontaxable benefits
    $26,263
    Filer's total
    $177,279

  • SEAN DECATUR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • RENEE FOSTER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • THOMAS FRY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • TRACY NAJERA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • LIZZETTE GONZALEZ REYNOLDS

    CHAIR OF BOARD - TERM ENDED

    Total calculated
    $0
    Hours/week
    2

  • EILEEN RUDDEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • ROBERT RUNCIE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • BRENDA SHUM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JULIANA WONG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • VICTOR YOUNG

    INTERIM CHAIR OF THE BOARD

    Total calculated
    $0
    Hours/week
    2 + 1 related

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 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 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
  • 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

The 10 largest by cash amount. The API serves every itemized grant.

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.

  • KWI

    501(C)(3) · SUPPORTING · OH · controlled entity

    Directly controlled by KWF

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • KWSL LLC

    STD LENDING · OH · income $0 · assets $0

    Directly controlled by KF

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202401279349303350

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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