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Nonprofiteer
← KNOWLEDGE SYSTEMS INSTITUTE

Form 990 for tax year 2022

Filed by KNOWLEDGE SYSTEMS INSTITUTE.

Totals

Total revenue
$220,040
Total expenses
$499,389
Contributions and grants received
$0
Grants paid
$188,008
Program service revenue
$0
Investment income
$216,665
Other revenue
$3,375
Total assets, end of year
$3,946,978
Total liabilities, end of year
$9,979
Net assets or fund balances, end of year
$3,936,999
Program services expenses (Part IX)
$330,691
Management and general expenses
$168,698
Fundraising expenses
$0
Program service expenses (Part III)
$330,691

Program services were 66.2% 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.

  • 3 · Investment income

    total $160,883 · excluded $160,883

  • 7a · Gross sales of assets other than inventory

    securities $1,317,715

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

    securities $1,261,933

  • 7c · Gain or loss

    securities $55,782

  • 7d · Net gain or loss

    total $55,782 · excluded $55,782

  • 11a · Other revenue: MISCELLANOUS INC

    total $3,375 · excluded $3,375

  • 11e · Other revenue, total

    $3,375

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $188,008 · program services $188,008

  • 4 · Benefits paid to or for members

    total $26,496 · program services $26,496

  • 5 · Compensation of officers, directors and key employees

    total $36,294 · program services $18,147 · management and general $18,147

  • 7 · Other salaries and wages

    total $86,054 · program services $43,027 · management and general $43,027

  • 10 · Payroll taxes

    total $12,248 · program services $6,124 · management and general $6,124

  • 11c · Fees: accounting

    total $6,335 · management and general $6,335

  • 11f · Fees: investment management

    total $43,126 · management and general $43,126

  • 12 · Advertising and promotion

    total $550 · program services $275 · management and general $275

  • 13 · Office expenses

    total $11,332 · program services $5,666 · management and general $5,666

  • 16 · Occupancy

    total $15,307 · program services $7,653 · management and general $7,654

  • 17 · Travel

    total $2,404 · program services $1,202 · management and general $1,202

  • 22 · Depreciation, depletion and amortization

    total $45,188 · program services $22,594 · management and general $22,594

  • 23 · Insurance

    total $10,154 · program services $5,077 · management and general $5,077

  • 24a · Other expenses: REPAIR

    total $8,929 · program services $4,465 · management and general $4,464

  • 24b · Other expenses: MISC. EXP

    total $3,914 · program services $1,957 · management and general $1,957

  • 24c · Other expenses: IRS FILING FEE

    total $3,050 · management and general $3,050

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $13,053 · end of year $64,185

  • 2 · Savings and temporary cash investments

    beginning of year $168,268 · end of year $156,571

  • 4 · Accounts receivable

    beginning of year $3,914 · end of year $1,669

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

    $1,192,131

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

    $823,254

  • 10c · Land, buildings and equipment, net

    beginning of year $412,459 · end of year $368,877

  • 11 · Investments: publicly traded securities

    beginning of year $4,186,558 · end of year $3,355,676

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,800 · end of year $9,979

  • 27 · Net assets without donor restrictions

    beginning of year $4,532,985 · end of year $3,691,532

  • 28 · Net assets with donor restrictions

    beginning of year $245,467 · end of year $245,467

Mission and programs · 2022

Mission

KSI PURPOSE IS TO ENGAGE LOW INCOME GIRLS IN TECHNOLOGY, ENTREPRENEURSHIP, AND SCIENCE TO FOSTER LEADERSHIP AND CONTINUING INTEREST IN EDUCATION. KSI DISSEMINATES FUNDS TO FOSTER LEADERSHIP AND CONTINUING INTEREST IN STEM SUBJECTS AND ENTREPRENEURSHIP AMONG GIRLS. FOR 2023, KSI WAS IRS APPROVED TO FILE AS A PRIVATE FOUNDATION AS IT NO LONGER FUNCTIONS AS A SCHOOL SINCE NOVEMBER 2021.

Activities or mission (Part I)

TO PROVIDE FUNDS TO FOSTER LEADERSHIP AND CONTINUING INTEREST IN STEM SUBJECTS AMONG GIRLS.

  • KSI PURPOSE IS TO ENGAGE LOW INCOME GIRLS IN TECHNOLOGY, ENTREPRENEURSHIP, AND SCIENCE TO FOSTER LEADERSHIP AND CONTINUING INTEREST IN EDUCATION. KSI DISSEMINATES FUNDS TO FOSTER LEADERSHIP AND CONTINUING INTEREST IN STEM SUBJECTS AND ENTREPRENEURSHIP AMONG GIRLS. FOR 2023, KSI WAS IRS APPROVED TO FILE AS A PRIVATE FOUNDATION AS IT NO LONGER FUNCTIONS AS A SCHOOL SINCE NOVEMBER 2021.

    Expenses $330,691 · Grants $188,008

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

Listed in Part VII

  • Sk Chang

    CHAIR, TREASURER, AND SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Xin Li

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Giuseppe Polese

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Maria Tai

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Robert Laurini

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Cybele Chang

    EXECUTIVE DIRECTOR

    Total calculated
    $36,294
    From this org
    $36,294
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Judy Chang

    DIRECTOR OF FINANCE

    Total calculated
    $110,000
    From this org
    $110,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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

Provenance

Return type
form_990
Tax year
2022
Filed
31 August 2023
IRS schema version
2022v5.0
Source object
202312439349301726

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