Civic Intelligence

K-Connect

990 • Fiscal year 2020 • EIN 46-4605245

Oct 01, 2019 to Sep 30, 2020 • Filed on Jun 22, 2021

Organization ProfileWWW.K-CONNECT.ORG
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

32nd percentile

0.02x

Higher debt load relative to assets than 32% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

24th percentile

0.02x

Higher debt load relative to revenue than 24% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

78th percentile

25%

Higher net margin than 78% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

82nd percentile

$143,655

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 12.1% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

83rd percentile

39%

Faster asset growth than 83% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

83rd percentile

37%

Faster revenue growth than 83% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets32nd percentile

Assets

Up

$939,849

Up $265,067 (+39%) from 2019

Net Assets

Up

$919,460

Up $297,264 (+48%) from 2019

Liabilities

Down

$20,389

Down $32,197 (-61%) from 2019

Revenue And Expenses
Liabilities / Revenue24th percentileNet Margin78th percentile

Revenue

Up

$1,186,270

Up $320,974 (+37%) from 2019

Expenses

Down

$889,006

Down $329,375 (-27%) from 2019

Net Income

Up

$297,264

Up $650,349 (+184%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth83rd percentile

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

2020

Assets$939,849
Liabilities$20,389
Net Assets$919,460
Open 2020 Filing

Operations Trend

Revenue Growth83rd percentile

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

2020

Revenue$1,186,270
Expenses$889,006
Net Income$297,264
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2019 to Sep 30, 2020
Signed
Jun 22, 2021
Return Version
2019v5.2
Gross Receipts
$1,186,270
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$476,800$750,000▲ $273,200
Cash and Non-Interest-Bearing Accounts$158,099$179,841▲ $21,742
Accounts Receivable$27,316$0▼ $27,316
Land, Buildings, and Equipment, Net$12,567$10,008▼ $2,559
Total Assets$674,782$939,849▲ $265,067
Liabilities
Accounts Payable and Accrued Expenses$52,586$20,389▼ $32,197
Total Liabilities$52,586$20,389▼ $32,197
Net Assets / Fund Balance
Net Assets With Donor Restrictions$476,800$750,000▲ $273,200
Net Assets Without Donor Restrictions$145,396$169,460▲ $24,064
Total Net Assets Fund Balance$622,196$919,460▲ $297,264
Total Liabilities and Net Assets / Fund Balance$674,782$939,849▲ $265,067

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$10,008$13,947$23,955
Compensation and Service Providers
Top Officer Pay82nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Pamela ParriottExecutive Director (ended 05/2020)FT$123,080$20,575$143,655

Board Members and Trustees

NameTitle
Andrew BrowerCo-chair
Teresa NealCo-chair
Cle JacksonTrustee
Diana SiegerTrustee
Dr Juan OlivarezTrustee
Dr Olivia WilliamsTrustee
Julie RidenourTrustee
Kevin PolstonTrustee
Krista FlynnTrustee
Lynne FerrellTrustee
Michelle Van DykeTrustee
Stacy StoutTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$1,186,270
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,078,270
Change in Net Assets
$297,264

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,186,270
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,186,270
Total Revenue per Form 990
$1,186,270
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$479,933
Salaries, Compensation, and Employee Benefits$409,073
Total Fundraising Expense$35,325
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$185,759$27,994$10,228$223,981
Fees for Services Other$181,991$3,831$5,747$191,569
Current Officers, Directors, Trustees, and Key Employees$104,223$29,375$10,732$144,330
Office Expenses$31,690$8,401$5,587$45,678
Occupancy$27,421--$27,421
Other Employee Benefits$14,900$4,199$1,534$20,633
Payroll Taxes$14,535$4,097$1,497$20,129
Information Technology$13,072$2,410-$15,482
Fees for Services Accounting-$11,052-$11,052
Conferences and Meetings$10,469$276-$10,745
Depreciation Depletion-$4,490-$4,490
Insurance$1,671$2,277-$3,948
Fees for Services Legal$2,805--$2,805
Other Expenses$1,834$1,290-$1,834
All Other Expenses-$175-$175
Total Functional Expenses$753,814$99,867$35,325$889,006

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$889,006
Total Expenses per Audited Statements$889,006
Total Expenses per Form 990$889,006
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 35% controlled entity
No
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
Salvador Lopez
Title
Executive Director
Phone
6162429700
Signed
2021-06-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Salvador Lopez
Formed
2013
Legal Domicile
Mi
Voting Board Members
12
Independent Board Members
12
Employees
8
Volunteers
150

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 181,991. Management and general expenses 3,831. Fundraising expenses 5,747. Total expenses 191,569.”

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 437 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/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0KCONNECT ENSURES THAT ALL CHILDREN IN KENT COUNTY HAVE A CLEAR PATH TO ECONOMIC PROSPERITY THROUGH FAMILY, QUALITY EDUCATION, AND COMMUNITY SUPPORTS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0622196
IRS990/NetAssetsOrFundBalancesEOYAmt0919460
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0145396
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0169460
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt027421
IRS990/OccupancyGrp/TotalAmt027421
IRS990/OfficeExpensesGrp/FundraisingAmt05587
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt08401
IRS990/OfficeExpensesGrp/ProgramServicesAmt031690
IRS990/OfficeExpensesGrp/TotalAmt045678
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt01534
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt04199
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt014900
IRS990/OtherEmployeeBenefitsGrp/TotalAmt020633
IRS990/OtherExpensesGrp/Desc0HOUSING FACILITATION
IRS990/OtherExpensesGrp/Desc1IN-KIND GIFT
IRS990/OtherExpensesGrp/Desc2DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc3PRINTING
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01290
IRS990/OtherExpensesGrp/ProgramServicesAmt0153078
IRS990/OtherExpensesGrp/ProgramServicesAmt16765
IRS990/OtherExpensesGrp/ProgramServicesAmt23601
IRS990/OtherExpensesGrp/ProgramServicesAmt31834
IRS990/OtherExpensesGrp/TotalAmt0153078
IRS990/OtherExpensesGrp/TotalAmt16765
IRS990/OtherExpensesGrp/TotalAmt24891
IRS990/OtherExpensesGrp/TotalAmt31834
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt010228
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt027994
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0185759
IRS990/OtherSalariesAndWagesGrp/TotalAmt0223981
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01497
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04097
IRS990/PayrollTaxesGrp/ProgramServicesAmt014535
IRS990/PayrollTaxesGrp/TotalAmt020129
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0476800
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0750000
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0SALVADOR LOPEZ
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0865296
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0634777
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-353085
IRS990/PYSalariesCompEmpBnftPaidAmt0583604
IRS990/PYTotalExpensesAmt01218381
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0865296
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0297264
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01186270
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0865296
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0429767
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01232072
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0645000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04358405
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.49640
IRS990ScheduleA/PublicSupportPY170Pct00.38840
IRS990ScheduleA/PublicSupportTotal170Amt02163413
IRS990ScheduleA/SubstantialContributorsTotAmt02194992
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01186270
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0865296
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0429767
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01232072
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0645000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04358405
IRS990ScheduleA/TotalSupportAmt04358405
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/ExpensesSubtotalAmt0889006
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt010008
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt013947
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt023955
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01186270
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/TotalBookValueLandBuildingsAmt010008
IRS990ScheduleD/TotalExpensesPerForm990Amt0889006
IRS990ScheduleD/TotalRevenuePerForm990Amt01186270
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01186270
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0889006
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 181,991. MANAGEMENT AND GENERAL EXPENSES 3,831. FUNDRAISING EXPENSES 5,747. TOTAL EXPENSES 191,569.
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/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0674782
IRS990/TotalAssetsEOYAmt0939849
IRS990/TotalAssetsGrp/BOYAmt0674782
IRS990/TotalAssetsGrp/EOYAmt0939849
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01186270
IRS990/TotalEmployeeCnt08
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt035325
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt099867
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0753814
IRS990/TotalFunctionalExpensesGrp/TotalAmt0889006
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt052586
IRS990/TotalLiabilitiesEOYAmt020389
IRS990/TotalLiabilitiesGrp/BOYAmt052586
IRS990/TotalLiabilitiesGrp/EOYAmt020389
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0622196
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0919460
IRS990/TotalOtherCompensationAmt020575
IRS990/TotalProgramServiceExpensesAmt0753814
IRS990/TotalReportableCompFromOrgAmt0123080
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01186270
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0150
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0674782
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0939849
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$939,849
Liabilities
$20,389
Net assets
$919,460
Revenue
$1,186,270
Expenses
$889,006
Net income
$297,264
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.56$0.11$1.45$1.59$1.12$0.47
2023Detailed filing. Detailed filing data is available for this year.$1.12$0.14$0.98$0.76$1.08$0.32
2022Detailed filing. Detailed filing data is available for this year.$1.87$0.57$1.30$0.54$0.75$0.21
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.54$0.04$1.50$1.12$0.54$0.59
2020Detailed filing. Detailed filing data is available for this year.$0.94$0.02$0.92$1.19$0.89$0.30
2019Detailed filing. Detailed filing data is available for this year.$0.67$0.05$0.62$0.87$1.22$0.35
2018Detailed filing. Detailed filing data is available for this year.$1.00$0.02$0.98$0.43$0.84$0.41
2017Detailed filing. Detailed filing data is available for this year.$1.43$0.04$1.39$1.23$0.79$0.44
2016Detailed filing. Detailed filing data is available for this year.$0.96$0.01$0.95$0.65$0.73$0.09
2015Detailed filing. Detailed filing data is available for this year.$1.01$0.04$0.98$0.12$0.56$0.45
2014Detailed filing. Detailed filing data is available for this year.$1.44$0.01$1.43$1.70$0.28$1.42