Civic Intelligence

K-Connect

990 • Fiscal year 2018 • EIN 46-4605245

Oct 01, 2017 to Sep 30, 2018 • Filed on Mar 14, 2019

401 Hall St SW No 385Grand Rapids, MI 49503

(616) 242-9700

Siviq Scores

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

Liabilities / Assets

34th percentile

0.02x

Higher debt load relative to assets than 34% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

40th percentile

0.06x

Higher debt load relative to revenue than 40% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

3rd percentile

-97%

Higher net margin than 3% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

78th percentile

$125,364

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 29.2% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

4th percentile

-30%

Faster asset growth than 4% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

3rd percentile

-65%

Faster revenue growth than 3% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$1,000,215

Down $426,155 (-30%) from 2017

Net Assets

Down

$975,281

Down $414,960 (-30%) from 2017

Liabilities

Down

$24,934

Down $11,195 (-31%) from 2017

Revenue

Down

$429,767

Down $802,305 (-65%) from 2017

Expenses

Up

$844,727

Up $53,268 (+6.7%) from 2017

Net Income

Down

-$414,960

Down $855,573 (-194%) from 2017

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

2018

Assets$1,000,215
Liabilities$24,934
Net Assets$975,281

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

2018

Revenue$429,767
Expenses$844,727
Net Income-$414,960
Jump To
Filing Snapshot
Filing Period
Oct 1, 2017 to Sep 30, 2018
Signed
Mar 14, 2019
Return Version
2017v2.3
Gross Receipts
$429,767
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$1,010,000$630,000▼ $380,000
Cash and Non-Interest-Bearing Accounts$411,449$348,051▼ $63,398
Land, Buildings, and Equipment, Net$4,921$11,993▲ $7,072
Accounts Receivable-$10,171-
Total Assets$1,426,370$1,000,215▼ $426,155
Liabilities
Accounts Payable and Accrued Expenses$36,129$24,934▼ $11,195
Total Liabilities$36,129$24,934▼ $11,195
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,010,000$630,000▼ $380,000
Unrestricted Net Assets$380,241$345,281▼ $34,960
Total Net Assets Fund Balance$1,390,241$975,281▼ $414,960
Total Liabilities and Net Assets / Fund Balance$1,426,370$1,000,215▼ $426,155

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$11,993$4,982$16,975
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Pamela ParriottExecutive DirectorFT$121,526$3,838$125,364

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Inclusive Performance StrategiesConsulting Services6885 OLD LANTERN SE, Caledonia, MI 49316$131,404
Gvsu Johnson Center For PhilanthropyTraining/prof Dev.201 FRONT AVE SW, Grand Rapids, MI 49504$116,679
Revenue and Support

Revenue Composition

Contributions and Grants
$429,767
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$429,767
Change in Net Assets
$-414,960

Audited Revenue Reconciliation

Revenue per Audited Statements
$429,767
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$429,767
Total Revenue per Form 990
$429,767
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$470,426
Salaries, Compensation, and Employee Benefits$374,301
Total Fundraising Expense$33,052
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$240,909$779-$241,688
Other Salaries and Wages$123,199$38,271$15,639$177,109
Current Officers, Directors, Trustees, and Key Employees$85,423$26,536$10,844$122,803
Office Expenses$49,074$15,021-$64,095
Other Employee Benefits$32,180$9,996$4,085$46,261
Conferences and Meetings$38,644$1,029-$39,673
Payroll Taxes$19,566$6,078$2,484$28,128
Occupancy$11,931--$11,931
Fees for Services Accounting-$8,176-$8,176
Fees for Services Legal$6,645--$6,645
Information Technology$3,255$600-$3,855
Insurance$1,473$2,007-$3,480
Depreciation Depletion-$1,927-$1,927
Other Expenses$615$1,073-$615
All Other Expenses-$148-$148
Total Functional Expenses$700,034$111,641$33,052$844,727

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$844,727
Total Expenses per Audited Statements$844,727
Total Expenses per Form 990$844,727
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
401 HALL ST SW NO 385, GRAND RAPIDS, MI 49503

Signing Officer

Name
Pamela Parriott
Title
Executive Director
Phone
6162429700
Signed
2019-03-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Pamela Parriott
Formed
2013
Legal Domicile
Mi
Voting Board Members
14
Independent Board Members
14
Employees
4
Volunteers
190

Preparer

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

Additional Explanations

Form 990, Part IX, Line 11G

Consultants: program service expenses 240,909. Management and general expenses 779. Fundraising expenses 0. Total expenses 241,688.

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.

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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/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt12CO-CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt13CO-CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt14EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02013
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt014
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0429767
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt014
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0600
IRS990/InformationTechnologyGrp/ProgramServicesAmt03255
IRS990/InformationTechnologyGrp/TotalAmt03855
IRS990/InsuranceGrp/ManagementAndGeneralAmt02007
IRS990/InsuranceGrp/ProgramServicesAmt01473
IRS990/InsuranceGrp/TotalAmt03480
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt012
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt04982
IRS990/LandBldgEquipBasisNetGrp/BOYAmt04921
IRS990/LandBldgEquipBasisNetGrp/EOYAmt011993
IRS990/LandBldgEquipCostOrOtherBssAmt016975
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/NetAssetsOrFundBalancesBOYAmt01390241
IRS990/NetAssetsOrFundBalancesEOYAmt0975281
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt011931
IRS990/OccupancyGrp/TotalAmt011931
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt015021
IRS990/OfficeExpensesGrp/ProgramServicesAmt049074
IRS990/OfficeExpensesGrp/TotalAmt064095
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt04085
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt09996
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt032180
IRS990/OtherEmployeeBenefitsGrp/TotalAmt046261
IRS990/OtherExpensesGrp/Desc0SYSTEM MAPPING
IRS990/OtherExpensesGrp/Desc1DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc2PRINTING
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01073
IRS990/OtherExpensesGrp/ProgramServicesAmt081774
IRS990/OtherExpensesGrp/ProgramServicesAmt12995
IRS990/OtherExpensesGrp/ProgramServicesAmt22351
IRS990/OtherExpensesGrp/ProgramServicesAmt3615
IRS990/OtherExpensesGrp/TotalAmt081774
IRS990/OtherExpensesGrp/TotalAmt14068
IRS990/OtherExpensesGrp/TotalAmt22351
IRS990/OtherExpensesGrp/TotalAmt3615
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt015639
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt038271
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0123199
IRS990/OtherSalariesAndWagesGrp/TotalAmt0177109
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt02484
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt06078
IRS990/PayrollTaxesGrp/ProgramServicesAmt019566
IRS990/PayrollTaxesGrp/TotalAmt028128
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01010000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0630000
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0PAMELA PARRIOTT
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01212072
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0444843
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt020000
IRS990/PYRevenuesLessExpensesAmt0440613
IRS990/PYSalariesCompEmpBnftPaidAmt0346616
IRS990/PYTotalExpensesAmt0791459
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01232072
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-414960
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0429767
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01232072
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0645000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0141000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01700000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04147839
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt027961
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt01431581
IRS990ScheduleA/SubstantialContributorsTotAmt02716258
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0429767
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01232072
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0645000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0141000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01700000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04147839
IRS990ScheduleA/TotalSupportAmt04147839
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0844727
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt011993
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt04982
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt016975
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0429767
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/TotalBookValueLandBuildingsAmt011993
IRS990ScheduleD/TotalExpensesPerForm990Amt0844727
IRS990ScheduleD/TotalRevenuePerForm990Amt0429767
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0429767
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0844727
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 240,909. MANAGEMENT AND GENERAL EXPENSES 779. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 241,688.
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/BOYAmt01010000
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0630000
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01426370
IRS990/TotalAssetsEOYAmt01000215
IRS990/TotalAssetsGrp/BOYAmt01426370
IRS990/TotalAssetsGrp/EOYAmt01000215
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0429767
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt033052
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0111641
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0700034
IRS990/TotalFunctionalExpensesGrp/TotalAmt0844727
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt036129
IRS990/TotalLiabilitiesEOYAmt024934
IRS990/TotalLiabilitiesGrp/BOYAmt036129
IRS990/TotalLiabilitiesGrp/EOYAmt024934
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01390241
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0975281
IRS990/TotalOtherCompensationAmt03838

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