KNOWLEDGEWORKS FOUNDATION: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- KNOWLEDGEWORKS FOUNDATION (EIN 31-1321973)
- Tax period
- 2011-07-01 to 2012-06-30
- Filed
- 2013-05-08
- IRS object ID
- 201331289349300713
- Schema version
- 2011v1.5
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule I
- Schedule J
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-05-08T08:25:16-05:00 | Timestamp |
| Tax Period End Date | 2012-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 861065772 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Deloitte Tax LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 250 East Fifth Street Suite 1900 | AddressLine1 |
| City | Cincinnati | City |
| State | OH | State |
| ZIP Code | 45202 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 311321973 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KnowledgeWorks Foundation | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | KNOW | NameControl |
| Phone | 5139294777 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | One West Fourth Street No 200 | AddressLine1 |
| City | Cincinnati | City |
| State | OH | State |
| ZIP Code | 452023634 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | William L McNeese | Name |
| Title | Senior VP & CFO | Title |
| Phone | 5139294777 | Phone |
| Date Signed | 2013-05-07 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Rebecca Lyons | Name |
| PTIN | P01487105 | PTIN |
| Phone | 5137847100 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | Timothy C Tuff | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | One West Fourth Street No 200 | AddressLine1 |
| City | Cincinnati | City |
| State | OH | State |
| ZIP Code | 452023634 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 24452880 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | http://knowledgeworks.org/ | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1991 | YearFormation |
| State Legal Domicile | OH | StateLegalDomicile |
| Activity Or Mission Description | Create sustainable improvement in student readiness for college and careers. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 13 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 11 | NbrIndependentVotingMembers |
| Total Nbr Employees | 112 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 4896566 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 4461731 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 16784618 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 18722514 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 2569 | InvestmentIncomePriorYear |
| Investment Income Current Year | 849 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 213266 | OtherRevenuePriorYear |
| Other Revenue Current Year | 1267786 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 21897019 | TotalRevenuePriorYear |
| Total Revenue Current Year | 24452880 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 1668092 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 1334315 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 10629940 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 13159754 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 113280 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 19753781 | OtherExpensePriorYear |
| Other Expenses Current Year | 17990904 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 32051813 | TotalExpensesPriorYear |
| Total Expenses Current Year | 32484973 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -10154794 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -8032093 | RevenuesLessExpensesCY |
| Total Assets BOY | 190763496 | TotalAssetsBOY |
| Total Assets EOY | 180038043 | TotalAssetsEOY |
| Total Liabilities BOY | 181739515 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 165577592 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 9023981 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 14460451 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | KnowledgeWorks' mission is to create sustainable improvement in student readiness for college and careers. Through its portfolio of school and community approaches, KnowledgeWorks provides innovative tools, training and assistance to school leaders, teachers and community stakeholders. KnowledgeWorks supports student-centered approaches that deliver real learning and results. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 3265368 | Expense |
| Grants | 0 | Grants |
| Revenue | 1965527 | Revenue |
| Description | EdWorks, LLCDuring fiscal year 2012, the EdWorks technical assistance team provided professional development for more than 500 teachers in 39 schools across 24 districts in six states, impacting a total of 14,396 students. Three distinct technical assistance models guide EdWorks' support to schools, including EdWorks New Start, EdWorks Fast Track and EdWorks' STEMLab. During FY2012, 40% of the sites implemented the EdWorks' New Start model and 58% implemented the EdWorks Fast Track model. Results included reduced dropout rates, increases in English language arts scores and a higher percentage of students on track for a 4-year high school graduation rate. In STEMLab sites, EdWorks' newest technical assistance model, students outperform their peers across the state, not just in mathematics and science, but in reading and social studies, as well. As signature elements of EdWorks' STEMLab strategy, students participate in hands-on, real world engineering design challenges with local STEM business and industry partners. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 9836014 | Expense |
| Grants | 23000 | Grants |
| Revenue | 7818999 | Revenue |
| Description | New Technology Network, LLC (NTN)New Technology Network works nationwide with schools, districts and communities to develop innovative schools. NTN provides services and support that enable schools to fundamentally rethink teaching and learning. NTN's goal is to enable students to gain the knowledge and skills they need to succeed in life, college and the careers of tomorrow. The NTN design provides an instructional approach centered on project-based learning, a culture that empowers students and teachers, and integrated technology in the classroom. NTN's hands-on, multi-year approach gives schools structure and support to ensure long-term success. As of fiscal year-end, NTN's school portfolio included 115 schools in 18 states across the country, representing over 30,000 students and 2,200 teachers. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 3264480 | Expense |
| Grants | 675753 | Grants |
| Revenue | 561343 | Revenue |
| Description | Strive: Cincinnati/Northern Kentucky, LLC (Strive)In its national Cradle to Career work, Strive reached the benchmark of having over 150 communities reach out for assistance in implementing collective impact initiatives using the Cradle to Career Civic Infrastructure framework. During the year, Strive saw 80 communities participate in its national network. Each community engages a variety of sectors, including education, youth development, philanthropy, civic, and business. Strive also embarked on the delivery of tools and resources to help communities better use data to drive decisions, including the Community Impact Report Card and the Student Success Dashboard. The Strive Partnership focused efforts on improving academic achievement in the Greater Cincinnati region's urban core and creating work groups around its shared outcomes to better align resources and funding. The Partnership realized success with coordinating volunteer recruitment through their initiative "Be the Change". The initiative recruits volunteer tutors from the business community and community at large to spend one hour a week tutoring an elementary student in Cincinnati Public Schools (CPS). The Partnership also worked with local school districts to incorporate the Learning Partner Dashboard, a data system that tracks the performance of students into the work of all resource coordinators within the districts. | Description |
Activity Other ActivityOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 10824362 | Expense |
| Grants | 635562 | Grants |
| Revenue | 9599757 | Revenue |
| Description | Included in the other program services are Ohio Education Matters, National Advocacy & State Cultivation, Organizational Learning & Innovation, Grantmaking and Student Lending, described below.Ohio Education Matters (OEM) - From July 2011 to June 2012, the OEM team worked with state leaders and education stakeholders to create more learning opportunities for students and more efficient delivery of education services. OEM helped state leaders think through new policies on the use of digital and blending learning that called for better use of technology to improve learning. OEM sponsored forums and events that brought national experts on digital learning to Ohio to meet with educators and stakeholders. In February, OEM sponsored Digital Learning Day activities to draw attention to the advantages of digital learning. To help promote efficiency in schools, OEM sponsored a statewide conference in November to share best practices of school districts that were identified as getting more for their money in non-instructional spending. KnowledgeWorks also continued support for the Ohio 8 school districts and union leaders to help promote collaboration, and continued to sponsor the Transformational Dialogue for Public Education - a multi-year initiative where education leaders and stakeholders come together on long-term strategies for state education improvement. National Advocacy & State Cultivation - From July 2011 to June 2012, KnowledgeWorks worked closely with policymakers and national organizations to drive demand for innovative learning environments. Throughout the year, KnowledgeWorks advised fourteen state departments of education on development and implementation of comprehensive school improvement systems. Conversations focused on flexibility and innovation within the federal School Improvement Grant program and development of new state accountability systems under the Obama Administration's Elementary and Secondary Education (ESEA) Act waiver package. Two KnowledgeWorks' publications released this year informed these conversations: - A Guide to School Improvement Grant Implementation and Transforming to a World of Learning: An ESEA State Waiver Strategy Document. KnowledgeWorks also engaged federal policymakers on a number of topics, helping shape the U.S. Senate Health, Education, Labor and Pensions Committee's bipartisan ESEA reauthorization bill, the School Improvement Grant Program, and the Race to the Top - District program. The release of KnowledgeWorks' first federal policy agenda in July 2011. - Transforming to A World of Learning: A Federal Policy Agenda, provided the framework for these discussions. In addition to shaping state and federal policy, KnowledgeWorks secured a $3 million Investing in Innovation (i3) Grant in partnership with the Riley Institute at Furman University to establish two STEM NTN schools in rural South Carolina along the underserved, underrepresented I-95 corridor. Organizational Learning & Innovation (OLI) - KnowledgeWorks' OLI group worked to create a vision for the future of learning and identify ways of taking action in the present that will help make that vision a reality. It distributed and conducted presentations on, and designed learning experiences around KnowledgeWorks' second future forecast, the 2020 Forecast: Creating the Future of Learning (http://futureofed.org/wp-content/uploads/2011/07/2020-Forecast.pdf). OLI researched and created the third futures publication, Recombinant Education; Regenerating the Learning Ecosystem. It is expected that more than 10,000 copies of the publication will be distributed in the first quarter of FY2013. OLI continued to impact the strategic planning processes of major national education organizations, including the Council of Chief State School Officers and Grantmaker's for Education. Grant-making - The Grant making program provided approximately $1.3 million of grant funding to 100 organizations.KnowledgeWorks and its subsidiary, KnowledgeFunding Ohio, served approximately 23,000 students during the fiscal year through its student lending programs. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Other Program Service Exp | 10824362 | TotalOfOtherProgramServiceExp |
| Total Of Other Program Service Grnt | 635562 | TotalOfOtherProgramServiceGrnt |
| Total Of Other Program Service Rev | 9599757 | TotalOfOtherProgramServiceRev |
| Total Program Service Expense | 27190224 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 1 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 1 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 1 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 1 | RelatedOrgControlledEntity |
| Transaction Related Entity | 1 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 169 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 112 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Number Of8282 Filed | 0 | NumberOf8282Filed |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 13 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 11 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 1 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 1 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 1 | LocalChapters |
| Policies Reference Chapters | 1 | PoliciesReferenceChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Own Website | X | OwnWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | William L McNeese | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 5139291135 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | One West Fourth Street Suite 200 | AddressLine1 |
| City | Cincinnati | City |
| State | OH | State |
| ZIP Code | 452023634 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (26 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| Joseph P Tomain Esq | ||||||||
| Chair of the Board | 2.00 | X | 8600 | 2000 | 22000 | |||
| Dr Jacquelyn M Belcher | ||||||||
| Vice Chair of the Board | 2.00 | X | 14300 | 0 | 0 | |||
| John E Dean Esq | ||||||||
| Treasurer | 2.00 | X | 0 | 0 | 13400 | |||
| Dr Sherrill Cleland | ||||||||
| Director | 2.00 | X | 12500 | 0 | 1000 | |||
| Hon Nathaniel R Jones | ||||||||
| Director | 2.00 | X | 11000 | 0 | 0 | |||
| Lucie Lapovsky | ||||||||
| Director | 2.00 | X | 0 | 0 | 11500 | |||
| Steven Minter | ||||||||
| Director | 2.00 | X | 0 | 0 | 12000 | |||
| Richard W Riley Esq | ||||||||
| Director | 2.00 | X | 52100 | 0 | 0 | |||
| Eileen Rudden | ||||||||
| Director | 2.00 | X | 0 | 0 | 0 | |||
| Barry Schuler | ||||||||
| Director | 2.00 | X | 0 | 0 | 0 | |||
| Timothy Tuff | ||||||||
| Director | 2.00 | X | 0 | 0 | 16200 | |||
| Chad P Wick | ||||||||
| Founder & Director | 40.00 | X | 492271 | 0 | 56100 | |||
| Brian Ross | ||||||||
| President & CEO | 40.00 | X | 425494 | 0 | 121722 | X | ||
| Douglas Thomson | ||||||||
| Secretary | 2.00 | 0 | 0 | 0 | X | |||
| William L McNeese | ||||||||
| Senior VP & CFO | 40.00 | 227444 | 0 | 62674 | X | |||
| Holly A Brinkman | ||||||||
| VP & Controller | 40.00 | 175611 | 0 | 54129 | X | |||
| Meredith Meyer | ||||||||
| VP Strategic Thinking | 40.00 | 185143 | 0 | 39427 | X | |||
| James Scott | ||||||||
| Chief Information Officer | 40.00 | 171772 | 0 | 42504 | X | |||
| Harold Brown | ||||||||
| President Edworks | 40.00 | 205045 | 0 | 36667 | X | |||
| Lydia Dobyns | ||||||||
| President New Tech | 40.00 | 216524 | 0 | 58441 | X | |||
| Matthew Barcus | ||||||||
| Chief Technology Officer | 40.00 | 193115 | 0 | 50537 | X | |||
| Andrew Benson | ||||||||
| VP KW Ohio | 40.00 | 156626 | 0 | 52906 | X | |||
| Jeff Edmondson | ||||||||
| Managing Director Strive | 40.00 | 154295 | 0 | 47620 | X | |||
| Jillian Darwish | ||||||||
| VP Learn & Design | 40.00 | 152136 | 0 | 50165 | X | |||
| Christopher Walsh | ||||||||
| Director Innov & Design | 40.00 | 133228 | 0 | 45636 | X | |||
| Deborah Howard | ||||||||
| Director EdWorks Strategy | 40.00 | 119792 | 0 | 27609 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 3106996 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 2000 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 822237 | TotalOtherCompensation |
| Number Individuals GT100 K | 23 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| Kohne O'Neill LLC | |||||
| 8160 Corporate Park Drive | Cincinnati | OH | 45242 | Student Loan Consulting | 1133669 |
| Logicalis | |||||
| PO Box 67000 | Detroit | MI | 482671723 | Technology Development & Support | 892881 |
| Frost Brown Todd LLC | |||||
| 301 E 4th Street | Cincinnati | OH | 45201 | Legal Services | 344566 |
| The Bridespan Group Inc | |||||
| 535 Boylston Street 10th Floor | Boston | MA | 02116 | Business Planning and Consulting | 230000 |
| Robinson Lerer & Montgomery | |||||
| 1345 Avenue of the Americas | New York | NY | 10105 | PR & Strategic Communications | 200000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 10 | NumberOfContractorsGT100K |
| Government Grants | 94279 | GovernmentGrants |
| All Other Contributions | 4367452 | AllOtherContributions |
| Total Contributions | 4461731 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (4 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| Fees for Services | 611710 | 10437570 | 10437570 |
| Int on Student Loans | 611710 | 6571250 | 6571250 |
| KFO Admin Fee Income | 611710 | 1415584 | 1415584 |
| OH Centric Admin Fees | 611710 | 298110 | 298110 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 18722514 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 849 | TotalRevenueColumn |
| Exclusion | $849 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| Servicing Fee Income | 611710 | 1069560 | 1069560 |
| KWI Admin Fee Income | 611710 | 83552 | 83552 |
| Pledge Fee Income | 611710 | 70000 | 70000 |
Miscellaneous Revenue MiscellaneousRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 44674 | TotalRevenueColumn |
| Exclusion | $44,674 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 1267786 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 24452880 | TotalRevenueColumn |
| Related Or Exempt Function Income | 19945626 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $45,523 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1334315 | Total |
| Program Services | 1334315 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3012197 | Total |
| Program Services | 1527149 | ProgramServices |
| Management And General | 1429264 | ManagementAndGeneral |
| Fundraising | 55784 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7660736 | Total |
| Program Services | 6483821 | ProgramServices |
| Management And General | 1134373 | ManagementAndGeneral |
| Fundraising | 42542 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 785937 | Total |
| Program Services | 697270 | ProgramServices |
| Management And General | 86273 | ManagementAndGeneral |
| Fundraising | 2394 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 981583 | Total |
| Program Services | 803461 | ProgramServices |
| Management And General | 172545 | ManagementAndGeneral |
| Fundraising | 5577 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 719301 | Total |
| Program Services | 558507 | ProgramServices |
| Management And General | 153811 | ManagementAndGeneral |
| Fundraising | 6983 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 318031 | Total |
| Program Services | 217586 | ProgramServices |
| Management And General | 100445 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 212670 | Total |
| Program Services | 62985 | ProgramServices |
| Management And General | 149685 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 82017 | Total |
| Program Services | 82017 | ProgramServices |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4130069 | Total |
| Program Services | 3864145 | ProgramServices |
| Management And General | 265924 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 323795 | Total |
| Program Services | 227354 | ProgramServices |
| Management And General | 96441 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 521062 | Total |
| Program Services | 374687 | ProgramServices |
| Management And General | 146375 | ManagementAndGeneral |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1082905 | Total |
| Program Services | 812275 | ProgramServices |
| Management And General | 270630 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 572810 | Total |
| Program Services | 278193 | ProgramServices |
| Management And General | 294617 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2157567 | Total |
| Program Services | 2019202 | ProgramServices |
| Management And General | 138365 | ManagementAndGeneral |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1267492 | Total |
| Program Services | 1203290 | ProgramServices |
| Management And General | 64202 | ManagementAndGeneral |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3746420 | Total |
| Program Services | 3746420 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 598992 | Total |
| Program Services | 259796 | ProgramServices |
| Management And General | 339196 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 112909 | Total |
| Program Services | 833 | ProgramServices |
| Management And General | 112076 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices |
|---|---|---|
| Cons Rebate Fees | 1431473 | 1431473 |
| Amortization Expense | 672677 | 672677 |
| Loan Svc/Trustee Fees | 318254 | 318254 |
| Student Loan Provision | 37689 | 37689 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 404072 | Total |
| Program Services | 176825 | ProgramServices |
| Management And General | 227247 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 32484973 | Total |
| Program Services | 27190224 | ProgramServices |
| Management And General | 5181469 | ManagementAndGeneral |
| Fundraising | 113280 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9568535 | BOY |
| EOY | 10325181 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12542879 | BOY |
| EOY | 16562057 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1194989 | BOY |
| EOY | 1795271 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2564979 | BOY |
| EOY | 3355686 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 291425 | BOY |
| EOY | 574898 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 5032904 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 3212004 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1104169 | BOY |
| EOY | 1820900 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 159370081 | BOY |
| EOY | 141858413 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4126439 | BOY |
| EOY | 3745637 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 190763496 | BOY |
| EOY | 180038043 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5559678 | BOY |
| EOY | 5944178 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2810750 | BOY |
| EOY | 2188240 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 171164491 | BOY |
| EOY | 155903381 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2204596 | BOY |
| EOY | 1541793 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 181739515 | BOY |
| EOY | 165577592 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4985504 | BOY |
| EOY | 9757782 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4038477 | BOY |
| EOY | 4702669 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 0 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9023981 | BOY |
| EOY | 14460451 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 190763496 | BOY |
| EOY | 180038043 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -8032093 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 13468563 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | X | PubliclySupportedOrg509a2 |
Gifts Grants Contrib Received509 GiftsGrantsContribReceived509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 16445905 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 17843966 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 17368861 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 16920840 | CurrentTaxYearMinus1Year |
| Current Tax Year | 14075221 | CurrentTaxYear |
| Total | 82654793 | Total |
Gross Receipts From Admissions GrossReceiptsFromAdmissions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 9449729 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 8862099 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 10388061 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 16856707 | CurrentTaxYearMinus1Year |
| Current Tax Year | 18722514 | CurrentTaxYear |
| Total | 64279110 | Total |
Total509 Total509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 25895634 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 26706065 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 27756922 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 33777547 | CurrentTaxYearMinus1Year |
| Current Tax Year | 32797735 | CurrentTaxYear |
| Total | 146933903 | Total |
Amts Recd From Disqual Persons AmtsRecdFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 10766699 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 12459767 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 13635737 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 14162367 | CurrentTaxYearMinus1Year |
| Current Tax Year | 10143490 | CurrentTaxYear |
| Total | 61168060 | Total |
Amts From Subst Contributors AmtsFromSubstContributors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 988272 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 934345 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 1949042 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 759858 | CurrentTaxYearMinus1Year |
| Current Tax Year | 937432 | CurrentTaxYear |
| Total | 5568949 | Total |
Support From DQ Ps Etc SupportFromDQPsEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 11754971 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 13394112 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 15584779 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 14922225 | CurrentTaxYearMinus1Year |
| Current Tax Year | 11080922 | CurrentTaxYear |
| Total | 66737009 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | 80196894 | PublicSupportTotal509 |
Gross Investment Income509 GrossInvestmentIncome509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 4084902 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 849014 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 999992 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 743089 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1718531 | CurrentTaxYear |
| Total | 8395528 | Total |
Investment Income And UBTI InvestmentIncomeAndUBTI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 4084902 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 849014 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 999992 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 743089 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1718531 | CurrentTaxYear |
| Total | 8395528 | Total |
Other Income509 OtherIncome509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 135455 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 200194 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 140939 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 143266 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1197911 | CurrentTaxYear |
| Total | 1817765 | Total |
Total Support Total TotalSupportTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 30115991 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 27755273 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 28897853 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 34663902 | CurrentTaxYearMinus1Year |
| Current Tax Year | 35714177 | CurrentTaxYear |
| Total | 157147196 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Percentage509 | 0.51030 | PublicSupportPercentage509 |
| Prior Year Support Percentage | 0.42830 | PriorYearSupportPercentage |
| Investment Income Percentage | 0.05340 | InvestmentIncomePercentage |
| Prior Yr Invest Income Percentage | 0.08220 | PriorYrInvestIncomePercentage |
| Thirty Three Percnt Tests CY509 | X | ThirtyThreePercntTestsCY509 |
| General Explanation | Schedule A, Part II, Line 12, Explanation of Other Income: KWI Admin Fee Income Securities Litigation Income KWF Miscellaneous Income Non-profit Servicing Fee Revenues | GeneralExplanation |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | 0 | Volunteers |
| Paid Staff Or Management | 0 | PaidStaffOrManagement |
| Media Advertisements | 0 | MediaAdvertisements |
| Mailings Members | 0 | MailingsMembers |
| Publications Or Broadcast | 0 | PublicationsOrBroadcast |
| Grants Other Organizations | 0 | GrantsOtherOrganizations |
| Direct Contact Legislators | 1 | DirectContactLegislators |
| Direct Contact Legislators | $82,017 | DirectContactLegislatorsAmount |
| Rallies Demonstrations | 0 | RalliesDemonstrations |
| Other Activities | 0 | OtherActivities |
| Total Lobbying Expenditures IIB | 82017 | TotalLobbyingExpendituresIIB |
| Not Described In501c3 | 0 | NotDescribedIn501c3 |
Form990 Schedule C Part IV Form990ScheduleCPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Part IV, Supplemental Information: | Identifier |
| Explanation | Part I-A and I-B: These sections are "Not Applicable" as KnowledgeWorks Foundation does not participate in or intervene in (including the publishing or distributing of statements), any political campaign on behalf of (or in opposition to) any candidate for public office. | Explanation |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1466145 | OtherCostOrOtherBasis |
| Depreciation | 533739 | Depreciation |
| Book Value | 932406 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1211672 | OtherCostOrOtherBasis |
| Depreciation | 1024713 | Depreciation |
| Book Value | 186959 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2355087 | OtherCostOrOtherBasis |
| Depreciation | 1653552 | Depreciation |
| Book Value | 701535 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 1820900 | TotalOfBookValueLandBuildings |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Student Loan Receivables, Net of Unamortized Loan Acquisition Costs | Description |
| Book Value | 141858413 | BookValue |
| Method Of Valuation | C | MethodOfValuation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Program Related | 141858413 | TotalOfBookValueProgramRelated |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| Interest Rate Swap Agreement | $1,130,563 |
| Interest Payable | $411,230 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 1541793 | TotalOfAmounts |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Description of Uncertain Tax Positions Under FIN 48: | Identifier |
| Return Reference | Part X: | ReturnReference |
| Explanation | On July 1, 2009, the Foundation adopted Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 740, Income Taxes, which prescribed a comprehensive model for how an organization should measure, recognize, present, and disclose in its financial statements uncertain tax positions that an organization has taken or expects to take on a tax return. The Foundation has analyzed tax positions taken for filing with the IRS and all state jurisdictions where it operates. The Foundation believes that income tax filing positions will be sustained upon examination and does not anticipate any adjustments that would result in a material adverse effect on the Foundation's financial position, statement of activities, or cash flows. Accordingly, the Foundation has not recorded any reserves or related accruals for interest and penalties for uncertain income tax positions at June 30, 2012 and 2011. In the event interest and penalties accrued on unrecognized tax benefits, the Foundation would recognize such amounts as a component of income tax expense. | Explanation |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable (41 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EIN Of RecipientEINOfRecipient | IRC SectionIRCSection | Amount Of Cash GrantAmountOfCashGrant | Purpose Of GrantPurposeOfGrant |
|---|---|---|---|---|---|---|---|
| Akron City School District | |||||||
| 70 N Broadway | Akron | OH | 44308 | 346000033 | Gov't Entity | 20000 | Challenge Grant |
| Alliance for Excellent Education Inc | |||||||
| 1201 Connecticut Avenue SW | Washington | DC | 20036 | 113487339 | 501(c)(3) | 25000 | Digital Learning Day |
| Arts Corps Headquarters | |||||||
| 4408 Delridge Way SW Suite 110 | Seattle | WA | 98106 | 912044679 | 501(c)(3) | 112500 | Fostering Creative Habits |
| Bethel Baptist Church | |||||||
| 2712 Alms Place | Cincinnati | OH | 45206 | 311126074 | 501(c)(3) | 47350 | CDF Freedom School |
| Cincinnati Federation of Teachers | |||||||
| 2721 Central Parkway Suite 200 | Cincinnati | OH | 45225 | 316083464 | 501(c)(5) | 9000 | Teacher Evaluation System |
| Cincinnati Institute of Fine Arts DBA Artswave | |||||||
| 20 E Central Parkway Suite 200 | Cincinnati | OH | 45202 | 310537138 | 501(c)(3) | 8547 | Annual Campaign - Employer Contribution |
| Cincinnati Public Schools | |||||||
| 2651 Burnet Avenue | Cincinnati | OH | 45219 | 316000758 | Gov't Entity | 20000 | SSEP |
| Cincinnati State Technical & Community College Foundation | |||||||
| 3520 Central Parkway | Cincinnati | OH | 45223 | 311430847 | 501(c)(3) | 7500 | One Life, Twelve Classrooms & Connect2success |
| Cleveland Municipal School District | |||||||
| 1380 East 6th Street | Cleveland | OH | 44114 | 346000662 | Gov't Entity | 20000 | Challenge Grant |
| College Mentors for Kids | |||||||
| 212 W 10th Street Suite B260 | Indianapolis | IN | 46202 | 352002052 | 501(c)(3) | 5450 | College Mentors for Kids |
| Community Center for Education Results | |||||||
| 1200 Fifth Avenue Suite 1300 | Seattle | WA | 981013151 | 271667560 | 501(c)(3) | 25000 | Road Map Project |
| Community Research Partners | |||||||
| 300 E Broad Street Suite 490 | Columbus | OH | 43215 | 311690992 | 501(c)(3) | 10000 | Ohio Student Mobility |
| Connected The California Center for College and Career | |||||||
| 2150 Shattuck Suite 1200 | Berkeley | CA | 94704 | 204781979 | 501(c)(3) | 5500 | Digital Learning Video Development |
| Council of Chief State School Officers | |||||||
| One Massachusetts Avenue NW | Washington | DC | 20001 | 530198090 | 501(c)(3) | 40000 | Future of Learning & Sponsorship |
| Council of Christian Communions of Greater Cincinnati | |||||||
| 7030 Reading Rd Suite 642 | Cincinnati | OH | 45237 | 310537082 | 501(c)(3) | 7500 | Be the Change Tutoring |
| Covington Independent Schools | |||||||
| 25 E Seventh Street | Covington | KY | 41011 | 616001265 | Gov't Entity | 6100 | IB Program at Holmes High School |
| Covington Partners in Prevention | |||||||
| PO Box 0426 | Covington | KY | 41012 | 201515753 | 501(c)(3) | 16000 | Mentoring Program & Annual Meeting Sponsor |
| End Zone Club | |||||||
| 945 Smiley Ave | Cincinnati | OH | 452401836 | 203337351 | 501(c)(3) | 10333 | End Zone Mentoring |
| Envision Schools | |||||||
| 436 14th Street Suite 920 | Oakland | CA | 946122703 | 943394659 | 501(c)(3) | 5500 | Deeper Learning Video |
| Expeditionary Learning Outward Bound Inc | |||||||
| 247 W 35th Street 8th FL | New York | NY | 10001 | 310537502 | 501(c)(3) | 5500 | Deeper Learning Video |
| Grantmakers for Education | |||||||
| 720 SW Washington Street Suite 605 | Portland | OR | 97205 | 330919329 | 501(c)(3) | 45000 | Pathways Action Comm. |
| Hamilton County Educational Service Center | |||||||
| 11083 Hamilton Avenue | Cincinnati | OH | 452311499 | 310967612 | Gov't Entity | 10000 | Evaluation |
| High Tech High | |||||||
| 2861 Wombole Rd | San Diego | CA | 921066025 | 330866869 | 501(c)(3) | 5500 | Deeper Learning Video |
| Lighthouse Youth Services Inc | |||||||
| 401 E McMillan Street | Cincinnati | OH | 45206 | 237046229 | 501(c)(3) | 23075 | Lys Youth Mentoring & Beacon of Light |
| Mayerson Academy for Human Resource Development | |||||||
| 2650 Highland Avenue | Cincinnati | OH | 45219 | 311366582 | 501(c)(3) | 25000 | Ascend Performance Institute |
| Monroe Community College Foundation | |||||||
| 1000 E Henrietta Road | Rochester | NY | 14623 | 161204210 | 501(c)(3) | 25000 | Roc the Future |
| Napa Valley Unified School District | |||||||
| 2425 Jefferson Street | Napa | CA | 94558 | 521550087 | Gov't Entity | 200000 | NTHS Learning System |
| NapaLearns | |||||||
| PO Box 7057 | Napa | CA | 94558 | 272705006 | 501(c)(3) | 10000 | Fall Conference |
| Ohio Grantmakers Forum | |||||||
| 37 W Broad Street Suite 800 | Columbus | OH | 43215 | 311111842 | 501(c)(3) | 15000 | 2012 General Operating Support |
| Portland Schools Foundation | |||||||
| 608G-ED PO Box 751 | Portland | OR | 97207 | 931148789 | 501(c)(3) | 15000 | EPIN Grant/Cradle to Career |
| Powerful Schools | |||||||
| 3301 S Horton Street | Seattle | WA | 98144 | 911551141 | 501(c)(3) | 112500 | Inspiring Minds |
| St Aloysius Orphanage Foundation | |||||||
| 4721 Reading Rd | Cincinnati | OH | 45237 | 522415878 | 501(c)(3) | 75000 | Education & Training Center |
| Talbert House | |||||||
| 2600 Victory Parkway | Cincinnati | OH | 452061711 | 311624973 | 501(c)(3) | 6500 | Family Thera Mentor Project |
| Teach for America Inc | |||||||
| 315 W 36th Street 8th Floor | New York | NY | 10018 | 133541913 | 501(c)(3) | 75000 | Expansion - Southwest Ohio |
| The Interalliance of Greater Cincinnati | |||||||
| 10290 Alliance Rd | Cincinnati | OH | 45242 | 208444742 | 501(c)(3) | 12750 | Techolympics Expo & IT Careers Camps Sponsor |
| The Research Foundation of State of Univerity of New York | |||||||
| PO Box 9 | Albany | NY | 12201 | 141368361 | 501(c)(3) | 35000 | Building Civic Infrastructure |
| Thomas B Fordham Institute | |||||||
| 37 W Broad Street Suite 400 | Columbus | OH | 43221 | 311816446 | 501(c)(3) | 15000 | Digital Learning |
| United Way of Greater Cincinnati | |||||||
| 2400 Reading Road | Cincinnati | OH | 45202 | 310537502 | 501(c)(3) | 12950 | Year 3 - Social Innovation Fund & Leaders & Legends Sponsor |
| University of Cincinnati Foundation | |||||||
| PO Box 210061 | Cincinnati | OH | 452210061 | 310896555 | 501(c)(3) | 43567 | Ohio STEM Ed Network, Higher Ed Mentoring & Matching Gift |
| University of Houston College of Education | |||||||
| 214A Farish Hall | Houston | TX | 772045023 | 743400139 | Gov't Entity | 15000 | EPIN - 3rd & 4th installments |
| Whole Again International | |||||||
| 4222 Hamilton Avenue | Cincinnati | OH | 45223 | 043810137 | 501(c)(3) | 68760 | Children's Defense Fund |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 40 | TotalNbrOf501C3AndGovtGrants |
| Total Nbr Of Other Organizations | 1 | TotalNbrOfOtherOrganizations |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Procedure for Monitoring Grants in the U.S.: | Identifier |
| Return Reference | Part I, Line 2: | ReturnReference |
| Explanation | Schedule I, Part I, Line 2: KnowledgeWorks Foundation uses the MicroEdge Gifts for Windows software system to maintain grantmaking records. Data tracked by KnowledgeWorks includes: date of request, eligibility of grantee, contact information, date grant was awarded or denied, grant purpose, grant budget, electronic copy of executed grant contracts and required financial reports and timing. The KnowledgeWorks Grants Administrator provides periodic reporting to Program Managers and follows up with grantees as required financial reporting is due. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Club Dues Or Fees | X | ClubDuesOrFees |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 1 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 1 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (13 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Chad P Wick | |||||||||||||
| 397152 | 0 | 95119 | 0 | 0 | 0 | 39727 | 0 | 16373 | 0 | 548371 | 0 | 0 | 0 |
| Brian Ross | |||||||||||||
| 354326 | 0 | 71168 | 0 | 0 | 0 | 93179 | 0 | 28543 | 0 | 547216 | 0 | 0 | 0 |
| William L McNeese | |||||||||||||
| 189997 | 0 | 37447 | 0 | 0 | 0 | 36801 | 0 | 25873 | 0 | 290118 | 0 | 0 | 0 |
| Holly A Brinkman | |||||||||||||
| 146588 | 0 | 29023 | 0 | 0 | 0 | 28077 | 0 | 26052 | 0 | 229740 | 0 | 0 | 0 |
| Meredith Meyer | |||||||||||||
| 159138 | 0 | 26005 | 0 | 0 | 0 | 28676 | 0 | 10751 | 0 | 224570 | 0 | 0 | 0 |
| James Scott | |||||||||||||
| 162078 | 0 | 9694 | 0 | 0 | 0 | 26882 | 0 | 15622 | 0 | 214276 | 0 | 0 | 0 |
| Harold Brown | |||||||||||||
| 176706 | 0 | 28339 | 0 | 0 | 0 | 32114 | 0 | 4553 | 0 | 241712 | 0 | 0 | 0 |
| Lydia Dobyns | |||||||||||||
| 186887 | 0 | 29637 | 0 | 0 | 0 | 35265 | 0 | 23176 | 0 | 274965 | 0 | 0 | 0 |
| Matthew Barcus | |||||||||||||
| 165109 | 0 | 28006 | 0 | 0 | 0 | 30884 | 0 | 19653 | 0 | 243652 | 0 | 0 | 0 |
| Andrew Benson | |||||||||||||
| 130746 | 0 | 25880 | 0 | 0 | 0 | 27380 | 0 | 25526 | 0 | 209532 | 0 | 0 | 0 |
| Jeff Edmondson | |||||||||||||
| 132457 | 0 | 21838 | 0 | 0 | 0 | 23718 | 0 | 23902 | 0 | 201915 | 0 | 0 | 0 |
| Jillian Darwish | |||||||||||||
| 122499 | 0 | 29637 | 0 | 0 | 0 | 23749 | 0 | 26416 | 0 | 202301 | 0 | 0 | 0 |
| Christopher Walsh | |||||||||||||
| 122493 | 0 | 10735 | 0 | 0 | 0 | 20370 | 0 | 25266 | 0 | 178864 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (3 entries)
| Return ReferenceReturnReference | ExplanationExplanation |
|---|---|
| Part I, Line 1a | The Foundation maintains memberships in a local social club in the name of the President & CEO and the Founder & Director. These memberships are business memberships for the benefit of the Foundation. As such, the monthly dues are paid by the Foundation. Any personal use is paid by the President & CEO or the Founder & Director. |
| Part I, Line 4b | Contribution to 457(f) Plan: Brian Ross, $53,452. The 457(f) Plan is a nonqualified retirement plan for the KnowledgeWorks Foundation CEO. |
| Part I, Line 7 | KnowledgeWorks Foundation offers an individual incentive based bonus program, where the annual payout is determined by achievement of established objectives. |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (7 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| Form 990, Part VI, Section A, line 2 | Certain KnowledgeWorks Foundation board members are also members of the boards of certain KnowledgeWorks Foundation affiliates. These overlapping board memberships constitute a "business relationship" as defined by the Form 990 instructions. | |
| Form 990, Part VI, Section A, line 3 | KWSL LLC, a wholly owned subsidiary of KnowledgeWorks Foundation contracted with Kohne O'Neill LLC to administer its student lending programs. | |
| Form 990, Part VI, Section B, line 11 | After completion by the preparer, the draft of the Form 990 is reviewed by the Controller and Chief Financial Officer. The final draft of the Form 990 is reviewed with the Audit Committee. After it receives the approval of the Audit Committee, the final Form 990 is distributed to all members of the Board of Directors before it is filed. | |
| Form 990, Part VI, Section B, line 12c | On an annual basis the conflict of interest policy is distributed to the directors, officers and key employees along with a questionnaire that must be completed, signed and returned to legal counsel. Legal counsel reviews the questionnaire responses and advises management and the board of any required actions. | |
| Form 990, Part VI, Section B, line 15 | The compensation of the CEO, other officers, and key employees are set by the Compensation Committee of the Board of Directors utilizing a compensation study performed by an independent compensation consulting firm comparing similar positions in similar organizations. | |
| Form 990, Part VI, Section C, line 19 | The consolidated financial statements of KnowledgeWorks Foundation and its subsidiaries are available on the KnowledgeWorks Foundation website. KnowledgeWorks Foundation's Form 990 is also available on its website. The governing documents and conflict of interest policy are available upon request. | |
| Form 990, Part XI, line 5: | Distribution of Investments from Exempt Subsidiary - KWI 11,261,300. Distribution of Funds from Exempt Subsidiary - New Tech Foundation 155,319. Unrealized Gain on Interest Rate Swap Agreement 640,821. Amortization of Discount on Student Loans 1,411,123. Total to Form 990, Part XI, Line 5: 13,468,563. | Changes in Net Assets or Fund Balances: |
Schedule R IRS990ScheduleR
Form990 Schedule R Part I Form990ScheduleRPartI (5 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Total IncomeTotalIncome | EOY AssetsEOYAssets | Business Name Line1DirectControllingEntityName/BusinessNameLine1 |
|---|---|---|---|---|---|---|---|---|---|
| KnowledgeWorks Intermediary LLC | |||||||||
| One West Fourth Street Suite 200 | Cincinnati | OH | 452023634 | 311321973 | Facilitate Receipt of Federal and State Grant Funds | OH | 0 | 200 | KnowledgeWorks Foundation |
| KWSL LLC | |||||||||
| One West Fourth Street Suite 200 | Cincinnati | OH | 452023634 | 510560916 | Directs Operations of SLW and KFO | OH | 3371914 | 2849687 | KnowledgeWorks Foundation |
| EdWorks LLC | |||||||||
| One West Fourth Street Suite 200 | Cincinnati | OH | 452023634 | 272300265 | Effective Long-Term High School Improvement Solutions | OH | 1985527 | 1299392 | KnowledgeWorks Foundation |
| Strive LLC | |||||||||
| One West Fourth Street Suite 200 | Cincinnati | OH | 452023634 | 272300365 | Implement Best Practices for Student Success | OH | 3230593 | 2104972 | KnowledgeWorks Foundation |
| New Technology Network LLC | |||||||||
| One West Fourth Street Suite 200 | Cincinnati | OH | 452023634 | 270845123 | Services & Support to Implement Innovative High Schools | OH | 8940768 | 2515927 | KnowledgeWorks Foundation |
Form990 Schedule R Part II Form990ScheduleRPartII (4 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Exempt Code SectionExemptCodeSection | Public Charity StatusPublicCharityStatus | Business Name Line1DirectControllingEntityName/BusinessNameLine1 | Controlled OrgControlledOrg |
|---|---|---|---|---|---|---|---|---|---|---|
| KWI | ||||||||||
| One West Fourth Street Suite 200 | Cincinnati | OH | 452023634 | 311776354 | Supporting Organization | OH | Section 501(c)(3) | Schedule A, Line 11a | KnowledgeWorks Foundation | 1 |
| KnowledgeFunding Ohio Inc | ||||||||||
| One West Fourth Street Suite 250 | Cincinnati | OH | 452023634 | 201888000 | Student Loan Acquisition | OH | Section 501(c)(3) | Schedule A, Line 9 | KnowledgeWorks Foundation | 1 |
| Student LendingWorks Inc | ||||||||||
| One West Fourth Street Suite 285 | Cincinnati | OH | 452023634 | 201887944 | Student Loan Originator | OH | Section 501(c)(3) | Schedule A, Line 9 | KnowledgeWorks Foundation | 1 |
| New Technology Foundation | ||||||||||
| 935 Clinton Street | Napa | CA | 94559 | 680436871 | Supporting Project Based Learning | CA | Section 501(c)(3) | Schedule A, Line 11a | KnowledgeWorks Foundation | 1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 1 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 1 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 1 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 1 | SharingOfFacilities |
| Sharing Of Paid Employees | 1 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 1 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 1 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (8 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved | Method Of Amt DeterminationMethodOfAmtDetermination |
|---|---|---|
| KWI | ||
| C | 11261300 | Actual Cash Transferred |
| KWI | ||
| E | 7000000 | Principal in Note |
| KnowledgeFunding Ohio Inc (via KWSL LLC) | ||
| K | 1485584 | Value Stated in Trust Agmt. |
| New Technology Foundation (via New Tech Network LLC) | ||
| K | 214925 | Actual Time & Expense |
| KWI | ||
| K | 83552 | Specific Allocated Expenses |
| KWI | ||
| P | 162000 | Actual Expenses |
| New Technology Foundation (via New Tech Network LLC) | ||
| P | 155319 | Actual Expenses |
| KWI | ||
| Q | 304632 | Interest in Note |
Form990 Schedule R Part VII Form990ScheduleRPartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Related party transactions: | Identifier |
| Return Reference | Schedule R, Part V, Line 1: | ReturnReference |
| Explanation | KnowledgeWorks has a $7 million note payable to KWI. Interest is paid annually on this note and is calculated per the note agreement. Services, including management and administration of activities, are provided by KnowledgeWorks Foundation to KnowledgeFunding Ohio, New Technology Foundation and KWI. KnowledgeFunding Ohio pays an administrative fee to KnowledgeWorks based on the administrative draw defined in the Indenture of Trust. Reimbursements from New Technology Foundation and KWI are based on actual time reported by employees and actual expenses. KWI transfers cash to KnowledgeWorks Foundation based on cash needs of the Foundation. | Explanation |
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