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Nonprofiteer
← INNOVATIVE NETWORK OF KNOWLEDGE

Form 990 for tax year 2023

Filed by INNOVATIVE NETWORK OF KNOWLEDGE.

Totals

Total revenue
$25,157,482
Total expenses
$24,719,292
Contributions and grants received
$24,972,954
Grants paid
$5,600
Program service revenue
$34,025
Investment income
$150,240
Other revenue
$263
Total assets, end of year
$4,906,446
Total liabilities, end of year
$2,644,159
Net assets or fund balances, end of year
$2,262,287
Program services expenses (Part IX)
$21,702,786
Management and general expenses
$3,016,506
Fundraising expenses
$0
Program service expenses (Part III)
$21,702,786

Program services were 87.8% 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

    $438,119

  • 1e · Government grants (contributions)

    $23,031,513

  • 1f · All other contributions, gifts and grants

    $1,503,322

  • 1g · Noncash contributions included above

    $457,042

  • 2a · Program service revenue: Instructional Learning

    total $34,025 · related or exempt $34,025

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $90,240 · excluded $90,240

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    other assets $60,000

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

    other assets $0

  • 7c · Gain or loss

    securities $0 · other assets $60,000

  • 7d · Net gain or loss

    total $60,000 · excluded $60,000

  • 11a · Other revenue: Miscellaneous Income

    total $263 · excluded $263

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $263

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $5,600 · program services $5,600

  • 5 · Compensation of officers, directors and key employees

    total $215,879 · management and general $215,879

  • 7 · Other salaries and wages

    total $9,633,607 · program services $9,211,465 · management and general $422,142

  • 8 · Pension plan contributions

    total $62,039 · program services $58,883 · management and general $3,156

  • 9 · Other employee benefits

    total $1,580,626 · program services $1,500,209 · management and general $80,417

  • 10 · Payroll taxes

    total $844,357 · program services $801,399 · management and general $42,958

  • 11b · Fees: legal

    total $15,843 · management and general $15,843

  • 11c · Fees: accounting

    total $71,641 · management and general $71,641

  • 11g · Fees: other

    total $2,434,867 · program services $2,390,680 · management and general $44,187 · fundraising $0

  • 16 · Occupancy

    total $3,237,148 · program services $3,198,640 · management and general $38,508

  • 17 · Travel

    total $327,402 · program services $311,688 · management and general $15,714

  • 19 · Conferences, conventions and meetings

    total $231,983 · program services $231,983

  • 22 · Depreciation, depletion and amortization

    total $796,433 · program services $759,887 · management and general $36,546

  • 23 · Insurance

    total $192,050 · program services $103,671 · management and general $88,379

  • 24a · Other expenses: PROGRAM SUPPLIES

    total $2,869,329 · program services $2,864,435 · management and general $4,894

  • 24b · Other expenses: INDIRECT OVERHEAD EXPENSES

    total $1,935,961 · management and general $1,935,961

  • 24c · Other expenses: FOOD EXPENSES

    total $174,695 · program services $174,695

  • 24d · Other expenses: OTHER EXPENSES

    total $89,832 · program services $89,551 · management and general $281

  • 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 $585,278 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $599,005 · end of year $1,748,677

  • 4 · Accounts receivable

    beginning of year $778,550 · end of year $571,960

  • 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 $28,129 · end of year $23,747

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

    $6,053,053

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

    $3,539,978

  • 10c · Land, buildings and equipment, net

    beginning of year $2,200,156 · end of year $2,513,075

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $82,916 · end of year $48,987

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,094,507 · end of year $1,166,347

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $1,355,430 · end of year $1,477,812

  • 27 · Net assets without donor restrictions

    beginning of year $1,824,097 · end of year $2,262,287

Mission and programs · 2023

Mission

THE FULL MISSION OF THE ORGANIZATION STATES: INNOVATIVE NETWORK OF KNOWLEDGE PROVIDES COMPREHENSIVE EARLY CHILDHOOD 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 CHILDREN IN NEED, ASSISTING THEM BY PROVIDING SCHOOL AND FAMILY RELATED SERVICES.

  • The JVLCDG grant provided educational services to 389 children during the 2023-2024 school year. The locations included Victoria ISD, Waelder ISC, Yoakum ISD, Nixon-Smiley CISD, Victoria EHS, Yoakum EHS, Cuero HS, Edna HS, and Port Lavaca HS. Partnerships with local libraries were made. The Education Outreach team at the library has guest readers at multiple centers initiated by a partnership created by the Family Specialist Team. The libraries donated books and hands on development resources to our center locations and continue to invite Family Specialists to community partnership events for recruiting and family engagement. Parents were involved with committees and the Policy Council. Parades and Fairs in this area are exciting, and families participate by creating floats, recruiting tables and dressing up. Every location participated in National Night Out and provided learning activities for families. A non-profit organization, Esperanza of Tejas, reached out to partner, providing community resources, hygiene products, (CONTINUED ON SCHEDULE O)

    Expenses $7,845,442 · Grants $2,025 · Revenue $12,300

  • During the 2023-2024 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 and Charlotte ISDs. 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. Parents also continued to volunteer and attend policy council meetings via zoom. We added a reading program to get our families involved in reading with their children at home. We provide a book weekly with all the materials needed to show how one book can be extended to a weeks worth of learning. The parents have expressed how this has helped them (CONTINUED ON SCHEDULE O)

    Expenses $4,843,807 · Grants $1,250 · Revenue $7,594

  • During the 2023-2024 academic year the Stonewall grant served and enrolled 138 Head Start children within two ISDs and 44 Early Head Start children within the Johnson City EHS Center and home based services. We provide home based services weekly to families and provide bi-weekly socializations for families to come together to participate in activities and listen to local community vendors speak to them about needs families have expressed. Johnson City Early Head Start opened its doors on august 21st serving 8 children after being closed for over a year for renovation and conversion from Head Start to Early Head Start. Enrollment at JCEHS has continued to grow due to community outreach and parent involvement. Our program has provided Head Start children with backpacks and school supplies during a Meet The Teacher event at our ISDs. Head Start has participated in literacy nights, math nights, and storybook rotations. Through conscious discipline, we have provided Bailey Bears on November 3rd, to all Head Start children. (CONTINUED ON SCHEDULE O)

    Expenses $3,462,033 · Grants $893 · Revenue $5,428

  • The CCP grant provided educational services to 160 children during the 2023-2024 school year. The locations included were Victoria, Boerne, Edna, Cuero, Port Lavaca, and Yoakum under this grant. Parent workshops were held for milestones, home visits, and family goals. EHS, Cuero HS, Edna HS, and Port Lavaca HS. Partnerships with local libraries were made. The Education Outreach team at the library has guest readers at multiple centers initiated by a partnership created by the Family Specialist Team. The libraries donated books and hands on development resources to our center locations and continue to invite Family Specialists to Toddler Time for recruiting and family engagement. Parents were involved with committees and the Policy Council. Parades and Fairs in this area are exciting, and families participate by creating floats, recruiting tables and dressing up. Every location participated in National Night Out and provided learning activities for families. A non-profit organization, Esperanza of Tejas, reached out to partners providing community resources, hygiene products, diapers and wipes to all our families. Toys for Tots is a big event sponsored in Victoria where many of our family specialists helped families sign-up. Local Oilfield and Industrial Companies adopt Families from our centers and provide clothing, jackets, socks, and toys. The education team continued Family engagement by maintaining access to Ready Rosie for parents. Having partnerships with the Health Department and participating in the Family First Committee with the Victoria Parents as Teachers program, has secured seats on several committees and organizations to ensure continued community support.

    Expenses $5,551,504 · Grants $1,432 · Revenue $8,703

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

Listed in Part VII

  • George Cowden III

    Chairman

    Total calculated
    $124,566
    From this org
    $0
    From related orgs
    $124,566
    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

  • Myra Starkey

    Director

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Steve Brown

    Director

    Total calculated
    $0
    Hours/week
    1

  • Sharon Shetter

    Executive Director

    Total calculated
    $215,879
    From this org
    $195,735
    From related orgs
    $0
    Other
    $20,144
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $185,283
    Bonus
    $8,500
    Other
    $1,952
    Deferred
    $10,346
    Nontaxable benefits
    $9,798
    Filer's total
    $215,879

  • Nicole Spenrath

    Grants Director

    Total calculated
    $114,701
    From this org
    $103,821
    From related orgs
    $0
    Other
    $10,880
    Hours/week
    50

  • Priscilla Garza

    Grants Director

    Total calculated
    $107,887
    From this org
    $97,061
    From related orgs
    $0
    Other
    $10,826
    Hours/week
    50

  • Rebecca Wieland

    Director - Quality Assurance

    Total calculated
    $96,181
    From this org
    $85,374
    From related orgs
    $0
    Other
    $10,807
    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 EXECUTIVE DIRECTOR'S COMPENSATION IS REVIEWED ON AN ANNUAL BASIS 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 BOARD OF DIRECTORS OR EXECUTIVE COMMITTEE. WITH THE CONCURRENCE OF THE BOARD OF DIRECTORS OR EXECUTIVE COMMITTEE, THE COMPENSATION IS INCLUDED IN THE ANNUAL OPERATING BUDGET WHICH IS CONTEMPLATED AND ACTED ON BY THE ENTIRE BOARD OF DIRECTORS. APPROVED COMPENSATION ADJUSTMENTS ARE RECORDED IN THE PERSONNEL RECORD OF THE EXECUTIVE DIRECTOR 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
2023
Filed
21 April 2025
IRS schema version
2023v6.0
Source object
202521119349301452

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

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