Civic Intelligence

K-Connect

990 • Fiscal year 2017 • EIN 46-4605245

Oct 01, 2016 to Sep 30, 2017 • Filed on Mar 13, 2018

1633 E Beltline NE No 211Grand Rapids, MI 49525

(616) 242-9700

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

33rd percentile

0.03x

Higher debt load relative to assets than 33% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

30th percentile

0.03x

Higher debt load relative to revenue than 30% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

87th percentile

36%

Higher net margin than 87% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2017

Asset Growth

91st percentile

49%

Faster asset growth than 91% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

92nd percentile

91%

Faster revenue growth than 92% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$1,426,370

Up $469,381 (+49%) from 2016

Net Assets

Up

$1,390,241

Up $440,613 (+46%) from 2016

Liabilities

Up

$36,129

Up $28,768 (+391%) from 2016

Revenue

Up

$1,232,072

Up $587,072 (+91%) from 2016

Expenses

Up

$791,459

Up $61,032 (+8.4%) from 2016

Net Income

Up

$440,613

Up $526,040 (+616%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0Assets 2014: $1,439,019Liabilities 2014: $13,277Net Assets 2014: $1,425,7422014Assets 2015: $1,014,432Liabilities 2015: $36,871Net Assets 2015: $977,5612015Assets 2016: $956,989Liabilities 2016: $7,361Net Assets 2016: $949,6282016Assets 2017: $1,426,370Liabilities 2017: $36,129Net Assets 2017: $1,390,2412017Assets 2018: $1,000,215Liabilities 2018: $24,934Net Assets 2018: $975,2812018Assets 2019: $674,782Liabilities 2019: $52,586Net Assets 2019: $622,1962019Assets 2020: $939,849Liabilities 2020: $20,389Net Assets 2020: $919,4602020Assets 2021: $1,539,980Liabilities 2021: $35,097Net Assets 2021: $1,504,8832021Assets 2022: $1,867,663Liabilities 2022: $569,971Net Assets 2022: $1,297,6922022Assets 2023: $1,121,329Liabilities 2023: $141,888Net Assets 2023: $979,4412023Assets 2024: $1,557,681Liabilities 2024: $108,795Net Assets 2024: $1,448,8862024

Highlighted filing

2017

Assets$1,426,370
Liabilities$36,129
Net Assets$1,390,241

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.0M$0-$1.0MRevenue 2014: $1,700,000Expenses 2014: $275,758Net Income 2014: $1,424,2422014Revenue 2015: $115,467Expenses 2015: $563,648Net Income 2015: -$448,1812015Revenue 2016: $645,000Expenses 2016: $730,427Net Income 2016: -$85,4272016Revenue 2017: $1,232,072Expenses 2017: $791,459Net Income 2017: $440,6132017Revenue 2018: $429,767Expenses 2018: $844,727Net Income 2018: -$414,9602018Revenue 2019: $865,296Expenses 2019: $1,218,381Net Income 2019: -$353,0852019Revenue 2020: $1,186,270Expenses 2020: $889,006Net Income 2020: $297,2642020Revenue 2021: $1,122,990Expenses 2021: $537,567Net Income 2021: $585,4232021Revenue 2022: $539,869Expenses 2022: $747,060Net Income 2022: -$207,1912022Revenue 2023: $761,725Expenses 2023: $1,079,976Net Income 2023: -$318,2512023Revenue 2024: $1,585,938Expenses 2024: $1,116,493Net Income 2024: $469,4452024

Highlighted filing

2017

Revenue$1,232,072
Expenses$791,459
Net Income$440,613
Jump To
Filing Snapshot
Filing Period
Oct 1, 2016 to Sep 30, 2017
Signed
Mar 13, 2018
Return Version
2016v3.0
Gross Receipts
$1,232,072
Mission and Program Overview

Mission

To ensure that all children and their families in kent county, mi achieve self-sufficiency and economic security through high-quality education and community support. Fundamental to this purpose is a commitment to closing the achievement gaps for low-income students and children of color, and to increasing the achievement for all students from early childhood to post-secondary and career.

Aimed at increasing student achievement throughout kent county.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$702,626$1,010,000▲ $307,374
Cash and Non-Interest-Bearing Accounts$248,089$411,449▲ $163,360
Land, Buildings, and Equipment, Net$6,274$4,921▼ $1,353
Total Assets$956,989$1,426,370▲ $469,381
Liabilities
Accounts Payable and Accrued Expenses$7,361$36,129▲ $28,768
Total Liabilities$7,361$36,129▲ $28,768
Net Assets / Fund Balance
Temporarily Rstr Net Assets$702,626$1,010,000▲ $307,374
Unrestricted Net Assets$247,002$380,241▲ $133,239
Total Net Assets Fund Balance$949,628$1,390,241▲ $440,613
Total Liabilities and Net Assets / Fund Balance$956,989$1,426,370▲ $469,381

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$4,921$3,055$7,976
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Pamela ParriottExecutive DirectorFT$109,997$6,044$116,041

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Inclusive Performance StrategiesConsulting Services99 MONROE AVE NW 200, Grand Rapids, MI 49503$131,404
Gvsu Johnson Center For PhilanthropyTraining/prof. Dev.201 FRONT AVE SW, Grand Rapids, MI 49504$108,351
Revenue and Support

Revenue Composition

Contributions and Grants
$1,212,072
Program Service Revenue
$20,000
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,212,072
Change in Net Assets
$440,613

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,232,072
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,232,072
Total Revenue per Form 990
$1,232,072
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$444,843
Salaries, Compensation, and Employee Benefits$346,616
Total Fundraising Expense$9,614
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$330,476$10,833$2,533$343,842
Other Salaries and Wages$113,750$35,913$2,875$152,538
Current Officers, Directors, Trustees, and Key Employees$90,637$28,617$2,290$121,544
Other Employee Benefits$37,974$11,989$960$50,923
Conferences and Meetings$26,861$3,546$366$30,773
Payroll Taxes$16,116$5,088$407$21,611
Office Expenses$3,702$9,064$183$12,949
Occupancy$8,320$3,611-$11,931
Fees for Services Accounting-$6,700-$6,700
Insurance-$4,144-$4,144
Fees for Services Legal$974$2,494-$3,468
Information Technology$1,122$1,733-$2,855
Depreciation Depletion-$1,353-$1,353
Other Expenses$2,633$84-$84
Total Functional Expenses$650,965$130,880$9,614$791,459

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$791,459
Total Expenses per Audited Statements$791,459
Total Expenses per Form 990$791,459
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The form 990 is reviewed by the finance committee, who then reports to the board of trustees. After any issues are addressed or corrected, the executive director signs and files the return.

Form 990, Part VI, Section B, Line 12C

At any meeting of the board of trustees, any trustee who has a financial interest in the action being discussed or taken by the board of trustees (including without limitation matters of compensation) shall be excused from that portion of the meeting, shall not participate in the discussion of that matter, and shall not be entitled to vote on the proposed action. In situations where a trustee is so excused, the excused trustee shall be counted for purposes of determining whether a quorum is present, but shall not be counted for purposes of determining the majority necessary to approve the action. Any employee of k-connect who has, actually or potentially, a direct or indirect financial interest in a transaction or business arrangement involving k-connect shall promptly make full disclosure of his/her interest to the executive director. As part of this policy, each trustee and the executive director will annually submit a potential conflict of interest annual statement to the board.

Form 990, Part VI, Section B, Line 15

The executive committee handles human resource matters along with a professional external hr consultant. Several factors are considered when determining compensation, such as: role, skill and experience desired, education level or comparable work experience, equity, comparative salary analysis, and budgetary constraints.

Form 990, Part VI, Section C, Line 19

All documents are made available for public inspection upon request.

Filing and Contact Details

Filer

Filer Name
K-connect
EIN
46-4605245
Phone
6162429700
Address
1633 E BELTLINE NE NO 211, GRAND RAPIDS, MI 49525

Signing Officer

Name
Pamela Parriott
Title
Executive Director
Phone
6162429700
Signed
2018-03-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Pamela Parriott
Formed
2013
Legal Domicile
Mi
Voting Board Members
13
Independent Board Members
13
Employees
4
Volunteers
190

Preparer

Firm
Maner Costerisan Pc
Address
2425 E GRAND RIVER SUITE 1, LANSING, MI 48912-3291
Preparer
Zachary Skrzyniarz CPA
Phone
5173237500
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Consultants: program service expenses 330,476. Management and general expenses 10,833. Fundraising expenses 2,533. Total expenses 343,842.

Financial Statement Notes

PART X, LINE 2:

In the preparation of tax returns, tax positions are taken based on interpretation of federal, state and local income tax laws. Management periodically reviews and evaluates the status of uncertain tax positions and makes estimates of amounts, including interest and penalties, ultimately due or owed. No amounts have been identified, or recorded, as uncertain tax positions. Federal, state and local tax returns generally remain open for examination by the various taxing authorities for a period of three to four years.

Raw XML AppendixShowing 400 of 463 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt013
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01232072
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt013
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt01733
IRS990/InformationTechnologyGrp/ProgramServicesAmt01122
IRS990/InformationTechnologyGrp/TotalAmt02855
IRS990/InsuranceGrp/ManagementAndGeneralAmt04144
IRS990/InsuranceGrp/TotalAmt04144
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt017
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt03055
IRS990/LandBldgEquipBasisNetGrp/BOYAmt06274
IRS990/LandBldgEquipBasisNetGrp/EOYAmt04921
IRS990/LandBldgEquipCostOrOtherBssAmt07976
IRS990/LegalDomicileStateCd0MI
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO ENSURE THAT ALL CHILDREN AND THEIR FAMILIES IN KENT COUNTY, MI ACHIEVE SELF-SUFFICIENCY AND ECONOMIC SECURITY THROUGH HIGH-QUALITY EDUCATION AND COMMUNITY SUPPORT. FUNDAMENTAL TO THIS PURPOSE IS A COMMITMENT TO CLOSING THE ACHIEVEMENT GAPS FOR LOW-INCOME STUDENTS AND CHILDREN OF COLOR, AND TO INCREASING THE ACHIEVEMENT FOR ALL STUDENTS FROM EARLY CHILDHOOD TO POST-SECONDARY AND CAREER.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0949628
IRS990/NetAssetsOrFundBalancesEOYAmt01390241
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt03611
IRS990/OccupancyGrp/ProgramServicesAmt08320
IRS990/OccupancyGrp/TotalAmt011931
IRS990/OfficeExpensesGrp/FundraisingAmt0183
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt09064
IRS990/OfficeExpensesGrp/ProgramServicesAmt03702
IRS990/OfficeExpensesGrp/TotalAmt012949
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0960
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt011989
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt037974
IRS990/OtherEmployeeBenefitsGrp/TotalAmt050923
IRS990/OtherExpensesGrp/Desc0SYSTEM MAPPING
IRS990/OtherExpensesGrp/Desc1PRINTING
IRS990/OtherExpensesGrp/Desc2DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03562
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12149
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt284
IRS990/OtherExpensesGrp/ProgramServicesAmt018400
IRS990/OtherExpensesGrp/ProgramServicesAmt12633
IRS990/OtherExpensesGrp/TotalAmt018400
IRS990/OtherExpensesGrp/TotalAmt16195
IRS990/OtherExpensesGrp/TotalAmt22149
IRS990/OtherExpensesGrp/TotalAmt384
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt02875
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt035913
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0113750
IRS990/OtherSalariesAndWagesGrp/TotalAmt0152538
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0407
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt05088
IRS990/PayrollTaxesGrp/ProgramServicesAmt016116
IRS990/PayrollTaxesGrp/TotalAmt021611
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0702626
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01010000
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0PAMELA PARRIOTT
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0FSK SYSTEM MAPPING
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt020000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt020000
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0645000
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0431659
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-85427
IRS990/PYSalariesCompEmpBnftPaidAmt0298768
IRS990/PYTotalExpensesAmt0730427
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0645000
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0440613
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt020000
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01212072
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0645000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt087506
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01700000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03644578
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt047961
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt01238038
IRS990ScheduleA/SubstantialContributorsTotAmt02406540
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01212072
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0645000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt087506
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01700000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03644578
IRS990ScheduleA/TotalSupportAmt03644578
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0791459
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt04921
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt03055
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt07976
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01232072
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0IN THE PREPARATION OF TAX RETURNS, TAX POSITIONS ARE TAKEN BASED ON INTERPRETATION OF FEDERAL, STATE AND LOCAL INCOME TAX LAWS. MANAGEMENT PERIODICALLY REVIEWS AND EVALUATES THE STATUS OF UNCERTAIN TAX POSITIONS AND MAKES ESTIMATES OF AMOUNTS, INCLUDING INTEREST AND PENALTIES, ULTIMATELY DUE OR OWED. NO AMOUNTS HAVE BEEN IDENTIFIED, OR RECORDED, AS UNCERTAIN TAX POSITIONS. FEDERAL, STATE AND LOCAL TAX RETURNS GENERALLY REMAIN OPEN FOR EXAMINATION BY THE VARIOUS TAXING AUTHORITIES FOR A PERIOD OF THREE TO FOUR YEARS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04921
IRS990ScheduleD/TotalExpensesPerForm990Amt0791459
IRS990ScheduleD/TotalRevenuePerForm990Amt01232072
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01232072
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0791459
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS REVIEWED BY THE FINANCE COMMITTEE, WHO THEN REPORTS TO THE BOARD OF TRUSTEES. AFTER ANY ISSUES ARE ADDRESSED OR CORRECTED, THE EXECUTIVE DIRECTOR SIGNS AND FILES THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AT ANY MEETING OF THE BOARD OF TRUSTEES, ANY TRUSTEE WHO HAS A FINANCIAL INTEREST IN THE ACTION BEING DISCUSSED OR TAKEN BY THE BOARD OF TRUSTEES (INCLUDING WITHOUT LIMITATION MATTERS OF COMPENSATION) SHALL BE EXCUSED FROM THAT PORTION OF THE MEETING, SHALL NOT PARTICIPATE IN THE DISCUSSION OF THAT MATTER, AND SHALL NOT BE ENTITLED TO VOTE ON THE PROPOSED ACTION. IN SITUATIONS WHERE A TRUSTEE IS SO EXCUSED, THE EXCUSED TRUSTEE SHALL BE COUNTED FOR PURPOSES OF DETERMINING WHETHER A QUORUM IS PRESENT, BUT SHALL NOT BE COUNTED FOR PURPOSES OF DETERMINING THE MAJORITY NECESSARY TO APPROVE THE ACTION. ANY EMPLOYEE OF K-CONNECT WHO HAS, ACTUALLY OR POTENTIALLY, A DIRECT OR INDIRECT FINANCIAL INTEREST IN A TRANSACTION OR BUSINESS ARRANGEMENT INVOLVING K-CONNECT SHALL PROMPTLY MAKE FULL DISCLOSURE OF HIS/HER INTEREST TO THE EXECUTIVE DIRECTOR. AS PART OF THIS POLICY, EACH TRUSTEE AND THE EXECUTIVE DIRECTOR WILL ANNUALLY SUBMIT A POTENTIAL CONFLICT OF INTEREST ANNUAL STATEMENT TO THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE EXECUTIVE COMMITTEE HANDLES HUMAN RESOURCE MATTERS ALONG WITH A PROFESSIONAL EXTERNAL HR CONSULTANT. SEVERAL FACTORS ARE CONSIDERED WHEN DETERMINING COMPENSATION, SUCH AS: ROLE, SKILL AND EXPERIENCE DESIRED, EDUCATION LEVEL OR COMPARABLE WORK EXPERIENCE, EQUITY, COMPARATIVE SALARY ANALYSIS, AND BUDGETARY CONSTRAINTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL DOCUMENTS ARE MADE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CONSULTANTS: PROGRAM SERVICE EXPENSES 330,476. MANAGEMENT AND GENERAL EXPENSES 10,833. FUNDRAISING EXPENSES 2,533. TOTAL EXPENSES 343,842.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MI
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0702626
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt01010000
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0956989
IRS990/TotalAssetsEOYAmt01426370
IRS990/TotalAssetsGrp/BOYAmt0956989
IRS990/TotalAssetsGrp/EOYAmt01426370
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01212072
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt09614
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0130880
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0650965
IRS990/TotalFunctionalExpensesGrp/TotalAmt0791459
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt07361
IRS990/TotalLiabilitiesEOYAmt036129
IRS990/TotalLiabilitiesGrp/BOYAmt07361

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