KNOWLEDGEWORKS FOUNDATION: Form 990, tax year 2009
View the entire original 990 at ProPublica ↗
- Organization
- KNOWLEDGEWORKS FOUNDATION (EIN 31-1321973)
- Tax period
- 2009-07-01 to 2010-06-30
- Filed
- 2011-05-13
- IRS object ID
- 201101339349304195
- Schema version
- 2009v1.7
- 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 | 2011-05-13T14:44:49-05:00 | Timestamp |
| Tax Period End Date | 2010-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
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 | 2009-07-01 | 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 Vice President & CFO | Title |
| Phone | 5139294777 | Phone |
| Date Signed | 2011-05-13 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 5137847100 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2009 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | Chad P Wick | 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 | 14340439 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | http://www.kwfdn.org/ | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1991 | YearFormation |
| State Legal Domicile | OH | StateLegalDomicile |
| Activity Or Mission Description | Develop and implement innovative and effective approaches to high school education in the US. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 12 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 11 | NbrIndependentVotingMembers |
| Total Nbr Employees | 87 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 5874220 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 3733124 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 8862099 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 10388061 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 127501 | InvestmentIncomePriorYear |
| Investment Income Current Year | 8315 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 270194 | OtherRevenuePriorYear |
| Other Revenue Current Year | 210939 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 15134014 | TotalRevenuePriorYear |
| Total Revenue Current Year | 14340439 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 4497302 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 1729459 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 7029074 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 8021616 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 31959 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 22160784 | OtherExpensePriorYear |
| Other Expenses Current Year | 20289240 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 33687160 | TotalExpensesPriorYear |
| Total Expenses Current Year | 30040315 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -18553146 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -15699876 | RevenuesLessExpensesCY |
| Total Assets BOY | 132404838 | TotalAssetsBOY |
| Total Assets EOY | 122379692 | TotalAssetsEOY |
| Total Liabilities BOY | 127723334 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 118399778 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 4681504 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 3979914 | NetAssetsOrFundBalancesEOY |
| Mission Description | KnowledgeWorks Foundation strives to be the leader in developing and implementing innovative and effective approaches to high school education in the United States. Our work primarily focuses on redesigning high schools, developing STEM and Early College High Schools, implementing project-based learning and supporting student-centered approaches to delivering real learning and results in our schools. We partner with schools, districts, and states to assess their situations and then offer solutions that range from restructuring large, struggling comprehensive high schools in the urban core to developing and designing innovative new high schools in urban, suburban, and rural environments. We offer proven approaches that will deliver real results. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 6151800 | Expense |
| Grants | 283500 | Grants |
| Revenue | 1613249 | Revenue |
| Description | High School Redesign - In fiscal 2010 EdWorks provided technical assistance under contract to transform or start-up schools in 16 districts in Michigan, New York, Ohio, Tennessee and Washington. Work focused on improving the education of more than 10,000 students. In all, EdWorks supported the development or expansion of 11 Early college High Schools in New York in partnership with the State University of New York; the transformation of seven urban high schools in Detroit and Knoxville; the transformation of a suburban high school in Ohio; and the start-up of STEM (Science, Technology, Engineering and Mathematics) high schools in Ohio and Washington. EdWorks continued to improve its transformation model with the development of a series of theme-based prototype school designs that move students firmly into the 21st century world of connected learning. These prototypes were developed in collaboration with five national content-area partners. The prototype designs may be applied in the transformation of an existing large high school or in the development of start-up, stand alone new schools. All prototype schools provide a rigorous, college and career-ready curriculum, with courses aligned to the new Common State Core Standards. Courses are designed to be taught in a very integrated way, organized around annual big ideas or themes. All schools are designed to be implemented in technology-rich environments. The national partners will help with teacher professional development and other supports. Prototypes include three STEM designs, a leadership institute, an innovation lab and schools focused on the social sciences and performing arts. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 4585389 | Expense |
| Grants | 25000 | Grants |
| Revenue | 1277400 | Revenue |
| Description | New Technology Network ("NTN") is a national school development organization that works with districts and communities to implement innovative high schools that prepare graduates for post-secondary paths. New Technology helps school stakeholders fundamentally rethink their approach to teaching and learning, empowering students to become the creators, leaders, and producers of tomorrow. New Technology Network continued its investments in capacity building to support the growing number of schools. A new version of the NTN Learning Management System, NTN Echo was introduced to all schools in July, 2010. An unprecedented number of new schools opened in the fall of 2010, bringing the total number of schools to 62. New Technology high schools are located in California, Ohio, South Dakota, Hawaii, New Mexico, Michigan, Georgia, Colorado, Indiana, Illinois, New York, North Carolina, Louisiana and Texas. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 2257341 | Expense |
| Grants | 779617 | Grants |
| Description | The Strive Partnership Cincinnati/Northern Kentucky is focused on the success of children: every child, every step, from cradle to career. The Strive Partnership unites common providers around shared issues, goals, measurements and results, and then actively supports and strengthens strategies that work. Key outcomes for the year include the number of student outcomes trending in the right direction; collaborative action in the area of early childhood education and college access has contributed to these consistent improvements; funders in the region are aligning dollars behind collaborative action; and the Partnership was the only grantee awarded from the federal Social Innovation Fund to focus on taking local actions that have high impact to scale.Strive has drawn upon lessons in Cincinnati and Northern Kentucky, as well as other national sites, to develop a framework for building what is called the Cradle to Career Civic Infrastructure. Using this framework, Strive is now working nationally to build a network of communities committed to this work who will achieve two core goals:(1) Expedite the development of unique partnerships in communities across the country by facilitating knowledge sharing among Network members and(2) Establish recognized Cradle to Career Communities. | Description |
Activity Other ActivityOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 11838093 | Expense |
| Grants | 641342 | Grants |
| Revenue | 7667465 | Revenue |
| Description | Included in the other program services are Education Policy, Organizational Learning & Innovation, Grantmaking and Student Lending, described below:From July 2009 to June 2010, KnowledgeWorks provided research, best practices and information on key education issues in Ohio that helped policymakers and legislators make informed decisions to move the states education agenda forward. In August 2009, KnowledgeWorks launched a new program, Ohio Education Matters (OEM), a statewide public policy research effort focused on Ohio. OEM connects the dots between great innovations and those in the community who can make change. As a non-partisan program, OEM acts as a catalyst of education transformation by conducting research, advocacy, engagement and policy development that inspires others to make the system changes needed today to prepare Ohio's children for the future. During the year, KnowledgeWorks provided the State of Ohio significant expertise and support in its application to the U.S. Department of Education for competitive grant money through Race to the Top program. Ohio was ultimately successful in obtaining $400 million in federal funds to improve its education infrastructure and accelerate innovations, particularly in turning around persistently low-performing schools. In June 2010, KnowledgeWorks was asked by the governor and state superintendent to study K-12 education spending to look for efficiencies that could help provide more dollars in the classroom of all 1.8 million Ohio students at a time when the state expected to reduce its support for primary and secondary education. That study, funded by KnowledgeWorks, was called Ohio Smart Schools, and the work continued into the next fiscal year.KnowledgeWorks' Organizational Learning and Innovation (OLI) team continued conducting the Transformational Dialogue for Public Education initiative in Ohio and North Carolina. This initiative brings state leaders into systemic, state-level conversations that fundamentally re-conceive public education. Participants take part in broad-based, long-term dialogues in which they suspend their thinking about their own organizational objectives and focus instead on the common good of educating their state's citizens. Twenty-nine core stewardship team members are participated in Ohio, and 16 core stewardship team members participated in North Carolina. OLI continued to engage people in planning for the future of learning by distributing, conducting presentations on, and designing experiences to promote engagement with its second future forecast created with the Institute for the Future, the 2020 Forecast: Creating the Future of Learning (http://www.futureofed.org). The team distributed 18,233 copies. In addition, it conducted twenty presentations, workshops, and trainings for a variety of education stakeholders, ranging from local school districts to higher education institutions to state, regional, and national education nonprofits. It also worked intensively with three school districts in the Cincinnati, Ohio, region to explore the implications of the 2020 Forecast for 21st century learning and launched Learning2025, a learner-centered engagement process, with Collective Invention at Grantmakers for Education's April 2010 Innovation Briefing.Lastly, OLI created several publications associated with the future of learning. With McREL, it authored two policy briefs around the future of learning: Amplified Policymaking (http://www.futureofed.org/pdf/taking-action/PolicyBrief3.pdf) and Crafting Policy for Emerging Educational Futures (http://www.futureofed.org/pdf/taking-action/PolicyBrief4.pdf). In addition, it published 65 posts to its associated blog, The Future of Education Is Here (http://blog.futureofed.org). The team also sponsored and contributed to the October 2009 issue of the National Staff Development Councils The Learning System newsletter for district leaders.The Grantmaking program provided approximately $1.4 million of grant funding to 85 organizations.The Student Lending Programs continued its work to help students and their families plan for how to pay for college. Student LendingWorks, KnowledgeWorks's subsidiary, originated approximately $38.7 million in student loans representing 8,000 borrowers at Ohio Universities and Colleges. Loan originations from inception through 6/30/10 total $125 million. SLW has provided more than 16,000 students and their families with financial aid guidance, regardless of their eligibility for loans, in order to help them to make an informed decision regarding financing post-secondary education. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Other Program Service Exp | 11838093 | TotalOfOtherProgramServiceExp |
| Total Of Other Program Service Grnt | 641342 | TotalOfOtherProgramServiceGrnt |
| Total Of Other Program Service Rev | 7667465 | TotalOfOtherProgramServiceRev |
| Total Program Service Expense | 24832623 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 1 | LobbyingActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Balance Sheet Amounts Reported | 1 | BalanceSheetAmountsReported |
| 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 |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 178 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 87 | 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 |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Nbr Voting Governing Body Members | 12 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 11 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | 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 | 0 | LocalChapters |
| 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 | 5350 | 3000 | 10000 | |||
| Dr Jacquelyn M Belcher | ||||||||
| Vice Chair of the Board | 2.00 | X | 1750 | 0 | 0 | |||
| Dr Sherrill Cleland | ||||||||
| Director | 2.00 | X | 550 | 0 | 0 | |||
| John E Dean Esq | ||||||||
| Director | 2.00 | X | 0 | 0 | 550 | |||
| Hon Nathaniel R Jones | ||||||||
| Director | 2.00 | X | 0 | 0 | 0 | |||
| Richard W Riley Esq | ||||||||
| Director | 2.00 | X | 31500 | 0 | 0 | |||
| Timothy Tuff | ||||||||
| Director | 2.00 | X | 0 | 0 | 2050 | |||
| Brian Ross | ||||||||
| Director | 2.00 | X | 0 | 0 | 6050 | |||
| Steven Minter | ||||||||
| Director | 2.00 | X | 0 | 0 | 50 | |||
| Eileen Rudden | ||||||||
| Director | 2.00 | X | 50 | 0 | 0 | |||
| Barry Schuler | ||||||||
| Director | 2.00 | X | 0 | 0 | 0 | |||
| Chad P Wick | ||||||||
| President & CEO | 40.00 | X | 300976 | 0 | 147761 | X | ||
| William L McNeese | ||||||||
| Senior VP & CFO | 40.00 | 178133 | 0 | 51042 | X | |||
| Patricia Ruggie Conley | ||||||||
| Executive VP & COO | 40.00 | 192129 | 0 | 40856 | X | |||
| Douglas Thomson | ||||||||
| Secretary | 2.00 | 0 | 0 | 0 | X | |||
| Holly A Brinkman | ||||||||
| VP & Controller | 40.00 | 139033 | 0 | 43909 | X | |||
| Meredith Yacso | ||||||||
| VP Strategic Thinking | 40.00 | 130018 | 0 | 30926 | X | |||
| Matthew Barcus | ||||||||
| Chief Technology Officer | 40.00 | 158541 | 0 | 41853 | X | |||
| Harold Brown | ||||||||
| Exec Director, Edworks | 40.00 | 164940 | 0 | 30066 | X | |||
| Jeff Edmondson | ||||||||
| Exec Director, Strive | 40.00 | 121935 | 0 | 36414 | X | |||
| Monica Martinez | ||||||||
| Exec Director, New Tech | 40.00 | 178525 | 0 | 41335 | X | |||
| Jillian Darwish | ||||||||
| VP Learn & Design | 40.00 | 119783 | 0 | 39215 | X | |||
| Andrew Benson | ||||||||
| VP KW Ohio | 40.00 | 118702 | 0 | 39831 | X | |||
| Deborah Howard | ||||||||
| Dir Education Strategy | 40.00 | 106436 | 0 | 17134 | X | |||
| James Osborn | ||||||||
| Dir Field Operations | 40.00 | 100654 | 0 | 21763 | X | |||
| Jeff Edmondson | ||||||||
| Exec Director, Strive | 40.00 | 121935 | 0 | 36414 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 2049005 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 3000 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 600805 | TotalOtherCompensation |
| Number Individuals GT100 K | 13 | 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 Dr Suite 100 | Cincinnati | OH | 45242 | Student Loan Consulting | 1612034 |
| Edvantia | |||||
| PO Box 1348 | Charleston | WV | 253251348 | Evaluation and Research | 716031 |
| America Institutes for Research | |||||
| PO Box 79498 | Baltimore | MD | 212790498 | Evaluation and Research | 461554 |
| Walton Isaacson | |||||
| 750 N Orleans Suite 210 | Chicago | IL | 60610 | Marketing and Consulting | 300000 |
| Frost Brown Todd LLC | |||||
| 2200 PNC Center 201 East Fifth Str | Cincinnati | OH | 45201 | Legal Services | 280374 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 15 | NumberOfContractorsGT100K |
| All Other Contributions | 3733124 | AllOtherContributions |
| Total Contributions | 3733124 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (4 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| Int on Student Loans | 611710 | 5246600 | 5246600 |
| Fees for Svcs | 611710 | 2890649 | 2890649 |
| KFO Admin Fee Income | 611710 | 1843401 | 1843401 |
| OH Centric Admin Fee | 611710 | 380119 | 380119 |
Total Oth Program Service Revenue TotalOthProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 27292 | TotalRevenueColumn |
| Related Or Exempt Function Income | 27292 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 10388061 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 8315 | TotalRevenueColumn |
| Exclusion | $8,315 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | ExclusionExclusionAmount |
|---|---|---|---|---|
| KWI Admin Fee Income | 611710 | 100053 | 100053 | |
| Pledge Fee Income | 611710 | 70000 | 70000 | |
| Securities Litigation | 611710 | 40886 | $40,886 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 210939 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 14340439 | TotalRevenueColumn |
| Related Or Exempt Function Income | 10558114 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $49,201 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1729459 | Total |
| Program Services | 1729459 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2326870 | Total |
| Program Services | 1039763 | ProgramServices |
| Management And General | 1273019 | ManagementAndGeneral |
| Fundraising | 14088 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4215093 | Total |
| Program Services | 3331213 | ProgramServices |
| Management And General | 870008 | ManagementAndGeneral |
| Fundraising | 13872 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 418221 | Total |
| Program Services | 362780 | ProgramServices |
| Management And General | 53561 | ManagementAndGeneral |
| Fundraising | 1880 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 630177 | Total |
| Program Services | 465686 | ProgramServices |
| Management And General | 162932 | ManagementAndGeneral |
| Fundraising | 1559 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 431255 | Total |
| Program Services | 299165 | ProgramServices |
| Management And General | 131530 | ManagementAndGeneral |
| Fundraising | 560 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 347672 | Total |
| Program Services | 152242 | ProgramServices |
| Management And General | 195430 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 206368 | Total |
| Program Services | 48957 | ProgramServices |
| Management And General | 157411 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 75528 | Total |
| Program Services | 75528 | ProgramServices |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7193732 | Total |
| Program Services | 6793010 | ProgramServices |
| Management And General | 400722 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 287732 | Total |
| Program Services | 88173 | ProgramServices |
| Management And General | 199559 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 499421 | Total |
| Program Services | 296674 | ProgramServices |
| Management And General | 202747 | ManagementAndGeneral |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 390480 | Total |
| Program Services | 196731 | ProgramServices |
| Management And General | 193749 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 766377 | Total |
| Program Services | 193192 | ProgramServices |
| Management And General | 573185 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1590037 | Total |
| Program Services | 1503931 | ProgramServices |
| Management And General | 86106 | ManagementAndGeneral |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1378927 | Total |
| Program Services | 1321469 | ProgramServices |
| Management And General | 57458 | ManagementAndGeneral |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3893130 | Total |
| Program Services | 3893130 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 496122 | Total |
| Program Services | 78088 | ProgramServices |
| Management And General | 418034 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 85844 | Total |
| Program Services | 3673 | ProgramServices |
| Management And General | 82171 | ManagementAndGeneral |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| Origination Fees | 954120 | 954120 | 0 | 0 |
| Rebate Fees | 834948 | 834948 | 0 | 0 |
| Student Loan Provision | 713896 | 713896 | 0 | 0 |
| Amortization Fees | 355743 | 355743 | 0 | 0 |
| Other Expenses | 219163 | 101052 | 118111 | 0 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 30040315 | Total |
| Program Services | 24832623 | ProgramServices |
| Management And General | 5175733 | ManagementAndGeneral |
| Fundraising | 31959 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1775807 | BOY |
| EOY | 4030246 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 19445549 | BOY |
| EOY | 16783525 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2526644 | BOY |
| EOY | 1006850 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 102964 | BOY |
| EOY | 2249099 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 128792 | BOY |
| EOY | 450252 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 5228138 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 3788964 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1291119 | BOY |
| EOY | 1439174 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 105066175 | BOY |
| EOY | 94725491 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2067788 | BOY |
| EOY | 1695055 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 132404838 | BOY |
| EOY | 122379692 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4219807 | BOY |
| EOY | 5318513 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 21343 | BOY |
| EOY | 113000 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 120000000 | BOY |
| EOY | 110000000 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3482184 | BOY |
| EOY | 2968265 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 127723334 | BOY |
| EOY | 118399778 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -2509262 | BOY |
| EOY | 620220 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7190766 | BOY |
| EOY | 3359694 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4681504 | BOY |
| EOY | 3979914 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 132404838 | BOY |
| EOY | 122379692 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| 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 | 7967971 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 29890505 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 16445905 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 17843966 | CurrentTaxYearMinus1Year |
| Current Tax Year | 17368861 | CurrentTaxYear |
| Total | 89517208 | Total |
Gross Receipts From Admissions GrossReceiptsFromAdmissions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 8371761 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 8127857 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 9449729 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 8862099 | CurrentTaxYearMinus1Year |
| Current Tax Year | 10388061 | CurrentTaxYear |
| Total | 45199507 | Total |
Total509 Total509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 16339732 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 38018362 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 25895634 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 26706065 | CurrentTaxYearMinus1Year |
| Current Tax Year | 27756922 | CurrentTaxYear |
| Total | 134716715 | Total |
Amts Recd From Disqual Persons AmtsRecdFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 2326210 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 25085868 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 10766699 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 12459767 | CurrentTaxYearMinus1Year |
| Current Tax Year | 13635737 | CurrentTaxYear |
| Total | 64274281 | Total |
Amts From Subst Contributors AmtsFromSubstContributors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 203312 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus2 Years | 988272 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 934346 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1949042 | CurrentTaxYear |
| Total | 4074972 | Total |
Support From DQ Ps Etc SupportFromDQPsEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 2529522 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 25085868 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 11754971 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 13394113 | CurrentTaxYearMinus1Year |
| Current Tax Year | 15584779 | CurrentTaxYear |
| Total | 68349253 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | 66367462 | PublicSupportTotal509 |
Gross Investment Income509 GrossInvestmentIncome509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 4966159 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 7028252 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 4084902 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 849014 | CurrentTaxYearMinus1Year |
| Current Tax Year | 999992 | CurrentTaxYear |
| Total | 17928319 | Total |
Investment Income And UBTI InvestmentIncomeAndUBTI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 4966159 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 7028252 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 4084902 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 849014 | CurrentTaxYearMinus1Year |
| Current Tax Year | 999992 | CurrentTaxYear |
| Total | 17928319 | Total |
Other Income509 OtherIncome509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 33586 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 248995 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 135455 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 200194 | CurrentTaxYearMinus1Year |
| Current Tax Year | 140939 | CurrentTaxYear |
| Total | 759169 | Total |
Total Support Total TotalSupportTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 21339477 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 45295609 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 30115991 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 27755273 | CurrentTaxYearMinus1Year |
| Current Tax Year | 28897853 | CurrentTaxYear |
| Total | 153404203 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Percentage509 | 0.43260 | PublicSupportPercentage509 |
| Prior Year Support Percentage | 0.45770 | PriorYearSupportPercentage |
| Investment Income Percentage | 0.11690 | InvestmentIncomePercentage |
| Prior Yr Invest Income Percentage | 0.14110 | PriorYrInvestIncomePercentage |
| Thirty Three Percnt Tests CY509 | X | ThirtyThreePercntTestsCY509 |
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 | $75,528 | DirectContactLegislatorsAmount |
| Rallies Demonstrations | 0 | RalliesDemonstrations |
| Other Activities | 0 | OtherActivities |
| Total Lobbying Expenditures IIB | 75528 | 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 | 945011 | OtherCostOrOtherBasis |
| Depreciation | 583143 | Depreciation |
| Book Value | 361868 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1080052 | OtherCostOrOtherBasis |
| Depreciation | 837881 | Depreciation |
| Book Value | 242171 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 3203075 | OtherCostOrOtherBasis |
| Depreciation | 2367940 | Depreciation |
| Book Value | 835135 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 1439174 | TotalOfBookValueLandBuildings |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Student Loan Receivables, Net of Unamortized Loan Acquisition Costs | Description |
| Book Value | 94725491 | BookValue |
| Method Of Valuation | C | MethodOfValuation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Program Related | 94725491 | TotalOfBookValueProgramRelated |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| Interest Rate Swap Agreement | $2,589,274 |
| Interest Payable | $378,991 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 2968265 | TotalOfAmounts |
| Total Revenue | 14340439 | TotalRevenue |
| Total Expenses | 30040315 | TotalExpenses |
| Excess Or Deficit For Year | -15699876 | ExcessOrDeficitForYear |
| Other | $14,998,286 | OtherAmount |
| Total Adjustments | 14998286 | TotalAdjustments |
| Excess Or Deficit Per FS | -701590 | ExcessOrDeficitPerFS |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Part X: | Description of Uncertain Tax Positions Under FIN 48: | On July 1, 2009, the Foundation adopted Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 740, Income Taxes (formerly known as FASB Interpretation No. 48, Accounting for Uncertainty in 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 Internal Revenue Service 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 affect 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, 2010. In the event interest and penalties accrued on unrecognized tax benefits, the Foundation would recognize such amounts as a component of income tax expense. |
| Part XI, Line 8 - Other Adjustments: | Distribution of Investments from Exempt Subsidiary - KWI: 14553635. Interest Earned on Restricted Funds: 2112. Unrealized Gain on Interest Rate Swap Agreement: 442539. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable (33 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 North Broadway | Akron | OH | 44308 | 346002924 | Govt. Entity | 6500 | Student Expense & Administration |
| American Youth Policy Forum | |||||||
| 1836 Jefferson Place NW | Washington | DC | 20036 | 311576455 | 501(c)(3) | 100000 | 2010 Fall Term and 2011 Spring Term Site Visits Promoting KWF World of Learning/HP Deeper Learning |
| Arizona State University | |||||||
| 522 N Central Avenue Suite 243 | Phoenix | AZ | 850042165 | 860196696 | Govt. Entity | 10000 | EPDN Grant |
| California State University East Bay Foundation Inc | |||||||
| SA 4300 25800 Carlos Bee Blvd | Hayward | CA | 94542 | 941524922 | 501(c)(3) | 95000 | Phase II Living Cities/EPIN Grant |
| California State University Fresno Foundation (Fiscal Agent) | |||||||
| 5241 N Maple Avenue M/S TA48 | Fresno | CA | 937408027 | 946003272 | 501(c)(3) | 10000 | EPDN Grant |
| Canton City School District | |||||||
| 617 McKinley Avenue SW | Canton | OH | 44707 | 346000503 | Govt. Entity | 26500 | Continued Support/OHSTI |
| Cincinnati Public Schools | |||||||
| PO Box 5384 | Cincinnati | OH | 452015384 | 316000758 | Govt. Entity | 311618 | Hughes STEM High School Innovation |
| Cleveland Heights - University Heights City School District | |||||||
| 2155 Miramar Blvd | University Heights | OH | 44118 | 341918662 | Govt. Entity | 25000 | Continued Support/OHSTI |
| Cleveland Metropolitan School District | |||||||
| 1380 East 6th Street | Cleveland | OH | 44114 | 346000662 | Govt. Entity | 81500 | CMSD/Cuyahoga Grant and Student Expense & Administration |
| Columbus Public Schools | |||||||
| 270 E State Street | Columbus | OH | 43215 | 316400416 | Govt. Entity | 21500 | Student Expense & Administration and Continued Support/OHSTI |
| East Cleveland City Schools | |||||||
| 14305 Shaw Avenue | East Cleveland | OH | 44112 | 346000888 | Govt. Entity | 20000 | Continued Support/OHSTI |
| Educational Council | |||||||
| 1929 Kenny Road Suite 120 | Columbus | OH | 43210 | 311364422 | 501(c)(3) | 6500 | Student Expense & Administration |
| Grantmakers for Education | |||||||
| 720 SW Washington Street Ste 605 | Portland | OR | 97205 | 330919329 | 501(c)(3) | 70000 | Learning 2025 Fall 2010 Convening |
| Indiana University - Purdue University Indianapolis | |||||||
| 620 Union Drive Room 518 | Indianapolis | IN | 462025167 | 356001673 | Govt. Entity | 95000 | Phase II Living Cities/EPIN Grant |
| Lima City School District | |||||||
| 515 South Calumet Avenue | Lima | OH | 45804 | 346400788 | Govt. Entity | 15000 | Continued Support/OHSTI |
| Linton Music Series | |||||||
| 1241 Elm Street | Cincinnati | OH | 45202 | 311401052 | 501(c)(3) | 10000 | General Operating & Peanut Butter & Jam Sessions |
| Lorain County Community College | |||||||
| 1005 Abbe Road Nort | Elyria | OH | 440351691 | 340930187 | Govt. Entity | 6500 | Student Expense & Administration |
| Mount Vernon Ladies' Association | |||||||
| PO Box 5384 | Mt Vernon | VA | 22121 | 540564701 | 501(c)(3) | 50000 | Teaching Ambassador for George Washington in the State of Ohio |
| Napa Valley Unified School District | |||||||
| 2425 Jefferson Street | Napa | CA | 94558 | 521550087 | Govt. Entity | 25000 | Intern Outreach Coordination Consulting in support of Napa Valley Tech High School |
| New Schools Fund | |||||||
| 49 Stevenson Suite 575 | San Francisco | CA | 94105 | 943281780 | 501(c)(3) | 50000 | Branding & Messaging for Hewlett & KnowledgeWorks |
| New Teacher Project | |||||||
| 186 Joralemon Street Suite 300 | Brooklyn | NY | 11201 | 133850158 | 501(c)(3) | 35000 | CPS Teacher Analysis |
| Ohio Alliance for Public Charter Schools | |||||||
| 33 N Third Street Suite 600 | Cincinnati | OH | 43215 | 205895253 | 501(c)(3) | 12000 | National Conference - Best Cooperative Practices |
| Ohio Grantmakers Forum | |||||||
| 37 West Broad Street Suite 800 | Columbus | OH | 43215 | 311111842 | 501(c)(3) | 15000 | General Operating Support |
| Portland State UniversityPortland Schools Foundation | |||||||
| 608G - ED PO Box 751 | Portland | OR | 97207 | 931149789 | 501(c)(3) | 10000 | EPDN Grant |
| Toledo Public Schools | |||||||
| 420 E Manhattan Boulevard | Toledo | OH | 43608 | 346401449 | Govt. Entity | 31500 | Student Expense & Administration and Continued Support/OHSTI |
| United Way of Greater Cincinnati | |||||||
| 2400 Reading Road | Cincinnati | OH | 452021478 | 310537502 | 501(c)(3) | 15000 | 2009 Annual Campaign |
| University of Dayton | |||||||
| 300 College Park Drive | Dayton | OH | 454690510 | 310536715 | Govt. Entity | 6500 | Student Expense & Administration |
| University of Houston College of Education | |||||||
| 214A Farish Hall | Houston | TX | 772045023 | 743400139 | Govt. Entity | 95000 | Phase II Living Cities/EPIN Grant |
| University of Memphis College of Education | |||||||
| B409 C Ball Hall | Memphis | TN | 381523570 | 620648618 | Govt. Entity | 10000 | EPDN Grant |
| University of New Mexico | |||||||
| MSC05 3300 Scholes Hall Suite 144 | Albuquerque | NM | 87131 | 856000642 | Govt. Entity | 10000 | EPDN Grant |
| Virginia Commonwealth University School of Education | |||||||
| 1015 W Main Street PO Box 842020 | Richmond | VA | 232842020 | 546001758 | Govt. Entity | 95000 | EPDN Grant |
| Youngstown City Schools | |||||||
| Todd Hall 222 One University Plaza | Youngstown | OH | 44555 | 346003190 | Govt. Entity | 36500 | Student Expense & Administration and Continued Support/OHSTI |
| Project GRAD Cincinnati Inc | |||||||
| 301 Oak Street PO Box 19477 | Cincinnati | OH | 45219 | 311816376 | 501(c)(3) | 235930 | Grant support for Project GRAD Scholarship Fund |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 33 | TotalNbrOf501C3AndGovtGrants |
| Total Nbr Of Other Organizations | 0 | 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 (11 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 | |||||||||||||
| 300976 | 0 | 0 | 0 | 0 | 0 | 126464 | 0 | 21297 | 0 | 448737 | 0 | 0 | 0 |
| William L McNeese | |||||||||||||
| 178133 | 0 | 0 | 0 | 0 | 0 | 27572 | 0 | 23470 | 0 | 229175 | 0 | 0 | 0 |
| Patricia Ruggie Conley | |||||||||||||
| 192129 | 0 | 0 | 0 | 0 | 0 | 29442 | 0 | 11414 | 0 | 232985 | 0 | 0 | 0 |
| Holly A Brinkman | |||||||||||||
| 139033 | 0 | 0 | 0 | 0 | 0 | 21140 | 0 | 22769 | 0 | 182942 | 0 | 0 | 0 |
| Meredith Yacso | |||||||||||||
| 130018 | 0 | 0 | 0 | 0 | 0 | 18222 | 0 | 12704 | 0 | 160944 | 0 | 0 | 0 |
| Matthew Barcus | |||||||||||||
| 140541 | 0 | 18000 | 0 | 0 | 0 | 24393 | 0 | 17460 | 0 | 200394 | 0 | 0 | 0 |
| Harold Brown | |||||||||||||
| 164940 | 0 | 0 | 0 | 0 | 0 | 24767 | 0 | 5299 | 0 | 195006 | 0 | 0 | 0 |
| Monica Martinez | |||||||||||||
| 151025 | 0 | 27500 | 0 | 0 | 0 | 27752 | 0 | 13583 | 0 | 219860 | 0 | 0 | 0 |
| Jillian Darwish | |||||||||||||
| 119783 | 0 | 0 | 0 | 0 | 0 | 17381 | 0 | 21834 | 0 | 158998 | 0 | 0 | 0 |
| Andrew Benson | |||||||||||||
| 118702 | 0 | 0 | 0 | 0 | 0 | 17287 | 0 | 22544 | 0 | 158533 | 0 | 0 | 0 |
| Jeff Edmondson | |||||||||||||
| 121935 | 0 | 0 | 0 | 0 | 0 | 17287 | 0 | 19127 | 0 | 158349 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (3 entries)
| Return ReferenceReturnReference | ExplanationExplanation |
|---|---|
| Part I, Line 1a | The Foundation maintains a membership in a local social club in the name of the President & CEO. This membership is a business membership 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. |
| Part I, Line 4a | Chad P. Wick - $103,500, Patricia Ruggie Conley - $16,500, Joseph P. Tomain, Esq. - $9,000 from KnowledgeWorks Foundation & $1,000 from a related organization; John E. Dean, Esq. - $550, Timothy Tuff - $2,050, Steven Minter - $50, and Brian Ross $2,050 from KnowledgeWorks Foundation & $4,000 from a related organization. |
| Part I, Line 7 | KnowledgeWorks Foundation offers an individual incentive based bonus program, where the annual payout is determined by a discretionary evaluation of each person's performance. |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| 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. |
| 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. |
| Schedule R, Part V, Line 2: | Contributions from KnowledgeWorks Foundation subsidiary, KWI, are cash transfers and are based on the actual value. Services provided by KnowledgeWorks Foundation on behalf of subsidiaries are based on actual time reported by employees and reimbursements from subsidiaries are based on actual expenses, supported by invoices and receipts. |
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 & State Grant Funds | OH | 0 | 17454 | KnowledgeWorks Foundation |
| KWSL LLC | |||||||||
| One West Fourth Street Suite 200 | Cincinnati | OH | 452023634 | 510560916 | Directs Operations of SLW & KFO | OH | 1843401 | 411523 | KnowledgeWorks Foundation |
| EdWorks LLC | |||||||||
| One West Fourth Street Suite 200 | Cincinnati | OH | 452023634 | 272300265 | Effective Long-Term High School Improvement Solutions | OH | 1613249 | 1609682 | KnowledgeWorks Foundation |
| Strive LLC | |||||||||
| One West Fourth Street Suite 200 | Cincinnati | OH | 452023634 | 272300365 | Research Strategies for Student Success | OH | 89754 | 1090979 | KnowledgeWorks Foundation |
| New Technology Network LLC | |||||||||
| One West Fourth Street Suite 200 | Cincinnati | OH | 452023634 | 270845123 | New Tech Works Nationwide with Schools | OH | 3554400 | 4035806 | KnowledgeWorks Foundation |
Form990 Schedule R Part II Form990ScheduleRPartII (6 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 |
|---|---|---|---|---|---|---|---|---|---|
| KWI | |||||||||
| One West Fourth Street Suite 200 | Cincinnati | OH | 452023634 | 311776354 | Supporting Organization | OH | Section 501(c)(3) | Schedule A, Line 11a | KnowledgeWorks Foundation |
| 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 |
| EdWorks Inc | |||||||||
| 4350 Glendale Milford Road Ste 230 | Cincinnati | OH | 452423700 | 262783244 | Supporting Organization | OH | Section 501(c)(3) | Schedule A, Line 9 | KnowledgeWorks Foundation |
| 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 |
| New Technology Foundation | |||||||||
| 1040 Main Street Suite 302 | Napa | CA | 94559 | 680436871 | Supporting Project Based Learning | OH | Section 501(c)(3) | Schedule A, Line 11a | KnowledgeWorks Foundation |
| New Technology Fund | |||||||||
| 1040 Main Street Suite 302 | Napa | CA | 94559 | 200521861 | Supporting Project Based Learning | OH | Section 501(c)(3) | Schedule A, Line 7 | KnowledgeWorks Foundation |
| 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 | 1 | 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 | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (9 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved |
|---|---|
| KWI | |
| C | 14553635 |
| Student LendingWorks | |
| D | 10000000 |
| KWI | |
| E | 7000000 |
| KnowledgeFunding Ohio (via KWSL LLC) | |
| K | 1913401 |
| Student LendingWorks (via KWSL LLC) | |
| K | 962045 |
| KWI | |
| K | 100053 |
| KWI | |
| P | 198111 |
| New Technology Foundation (via New Technology Network LLC) | |
| K | 102693 |
| New Technology Foundation (via New Technology Network LLC) | |
| P | 102693 |