Civic Intelligence

K-Connect

990 • Fiscal year 2021 • EIN 46-4605245

Oct 01, 2020 to Sep 30, 2021 • Filed on Feb 03, 2022

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

37th percentile

0.02x

Higher debt load relative to assets than 37% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

35th percentile

0.03x

Higher debt load relative to revenue than 35% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

87th percentile

52%

Higher net margin than 87% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

45th percentile

$37,095

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 3.3% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

89th percentile

64%

Faster asset growth than 89% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

25th percentile

-5.3%

Faster revenue growth than 25% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets37th percentile

Assets

Up

$1,539,980

Up $600,131 (+64%) from 2020

Net Assets

Up

$1,504,883

Up $585,423 (+64%) from 2020

Liabilities

Up

$35,097

Up $14,708 (+72%) from 2020

Revenue And Expenses
Liabilities / Revenue35th percentileNet Margin87th percentile

Revenue

Down

$1,122,990

Down $63,280 (-5.3%) from 2020

Expenses

Down

$537,567

Down $351,439 (-40%) from 2020

Net Income

Up

$585,423

Up $288,159 (+97%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth89th 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

2021

Assets$1,539,980
Liabilities$35,097
Net Assets$1,504,883
Open 2021 Filing

Operations Trend

Revenue Growth25th 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

2021

Revenue$1,122,990
Expenses$537,567
Net Income$585,423
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2020 to Sep 30, 2021
Signed
Feb 3, 2022
Return Version
2020v4.2
Gross Receipts
$1,122,990
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$750,000$975,000▲ $225,000
Cash and Non-Interest-Bearing Accounts$179,841$522,095▲ $342,254
Accounts Receivable-$20,000-
Prepaid Expenses and Deferred Charges-$11,871-
Land, Buildings, and Equipment, Net$10,008$11,014▲ $1,006
Total Assets$939,849$1,539,980▲ $600,131
Liabilities
Accounts Payable and Accrued Expenses$20,389$35,097▲ $14,708
Total Liabilities$20,389$35,097▲ $14,708
Net Assets / Fund Balance
Net Assets With Donor Restrictions$750,000$975,000▲ $225,000
Net Assets Without Donor Restrictions$169,460$529,883▲ $360,423
Total Net Assets Fund Balance$919,460$1,504,883▲ $585,423
Total Liabilities and Net Assets / Fund Balance$939,849$1,539,980▲ $600,131

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$7,724$13,639$21,363
Other Land Buildings$3,290$4,707$7,997
Compensation and Service Providers
Top Officer Pay45th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Salvador LopezPresident/exec DirectorFT$32,308$4,787$37,095

Board Members and Trustees

NameTitle
Andrew BrowerCo-chair
Teresa NealCo-chair
Diana SiegerTrustee
Dr Juan OlivarezTrustee
Dr Olivia WilliamsTrustee
Julie RidenourTrustee
Kevin PolstonTrustee
Lynne FerrellTrustee
Michelle Van DykeTrustee
Stacy StoutTrustee
Dr Brandy Lovelady MitchellTrustee (began 3/21)
Shana M LewisTrustee (began 3/21)
Krista FlynnTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,122,990
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,000,000
Change in Net Assets
$585,423

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,122,990
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,122,990
Total Revenue per Form 990
$1,122,990
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$315,645
Other Expenses$221,922
Total Fundraising Expense$32,438
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$98,837$27,847$14,483$141,167
Current Officers, Directors, Trustees, and Key Employees$98,552$27,767$14,441$140,760
Fees for Services Other$101,094$420$55$101,569
Office Expenses$25,866$8,486-$34,352
Occupancy$26,559--$26,559
Payroll Taxes$13,692$3,857$2,006$19,555
Information Technology$12,209$2,251-$14,460
Other Employee Benefits$9,916$2,794$1,453$14,163
Fees for Services Accounting-$10,431-$10,431
Conferences and Meetings$6,217$148-$6,365
Depreciation Depletion-$4,399-$4,399
Insurance$1,739$2,369-$4,108
Other Expenses$791$1,715-$791
Total Functional Expenses$412,645$92,484$32,438$537,567

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$537,567
Total Expenses per Audited Statements$537,567
Total Expenses per Form 990$537,567
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
2022-02-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Salvador Lopez
Formed
2013
Legal Domicile
Mi
Voting Board Members
14
Independent Board Members
13
Employees
5
Volunteers
233

Preparer

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

Additional Explanations

Form 990, Part IX, Line 11G

“Consultants: program service expenses 101,094. Management and general expenses 420. Fundraising expenses 55. Total expenses 101,569.”

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 446 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/IRPDocumentCnt020
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt018346
IRS990/LandBldgEquipBasisNetGrp/BOYAmt010008
IRS990/LandBldgEquipBasisNetGrp/EOYAmt011014
IRS990/LandBldgEquipCostOrOtherBssAmt029360
IRS990/LegalDomicileStateCd0MI
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
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/NetAssetsOrFundBalancesBOYAmt0919460
IRS990/NetAssetsOrFundBalancesEOYAmt01504883
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0169460
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0529883
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt026559
IRS990/OccupancyGrp/TotalAmt026559
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt08486
IRS990/OfficeExpensesGrp/ProgramServicesAmt025866
IRS990/OfficeExpensesGrp/TotalAmt034352
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt01453
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt02794
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt09916
IRS990/OtherEmployeeBenefitsGrp/TotalAmt014163
IRS990/OtherExpensesGrp/Desc0HOUSING FACILITATION
IRS990/OtherExpensesGrp/Desc1DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc2PRINTING
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01715
IRS990/OtherExpensesGrp/ProgramServicesAmt012387
IRS990/OtherExpensesGrp/ProgramServicesAmt14786
IRS990/OtherExpensesGrp/ProgramServicesAmt2791
IRS990/OtherExpensesGrp/TotalAmt012387
IRS990/OtherExpensesGrp/TotalAmt16501
IRS990/OtherExpensesGrp/TotalAmt2791
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt014483
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt027847
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt098837
IRS990/OtherSalariesAndWagesGrp/TotalAmt0141167
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt02006
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03857
IRS990/PayrollTaxesGrp/ProgramServicesAmt013692
IRS990/PayrollTaxesGrp/TotalAmt019555
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0750000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0975000
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt011871
IRS990/PrincipalOfficerNm0SALVADOR LOPEZ
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01186270
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0479933
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0297264
IRS990/PYSalariesCompEmpBnftPaidAmt0409073
IRS990/PYTotalExpensesAmt0889006
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01186270
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0585423
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01122990
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01186270
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0865296
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0429767
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01232072
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04836395
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.46910
IRS990ScheduleA/PublicSupportPY170Pct00.49640
IRS990ScheduleA/PublicSupportTotal170Amt02268763
IRS990ScheduleA/SubstantialContributorsTotAmt02567632
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01122990
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01186270
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0865296
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0429767
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01232072
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04836395
IRS990ScheduleA/TotalSupportAmt04836395
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/EquipmentGrp/BookValueAmt07724
IRS990ScheduleD/EquipmentGrp/DepreciationAmt013639
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt021363
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0537567
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt03290
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt04707
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt07997
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01122990
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/TotalBookValueLandBuildingsAmt011014
IRS990ScheduleD/TotalExpensesPerForm990Amt0537567
IRS990ScheduleD/TotalRevenuePerForm990Amt01122990
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01122990
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0537567
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 101,094. MANAGEMENT AND GENERAL EXPENSES 420. FUNDRAISING EXPENSES 55. TOTAL EXPENSES 101,569.
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/TotalAssetsBOYAmt0939849
IRS990/TotalAssetsEOYAmt01539980
IRS990/TotalAssetsGrp/BOYAmt0939849
IRS990/TotalAssetsGrp/EOYAmt01539980
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01122990
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt032438
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt092484
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0412645
IRS990/TotalFunctionalExpensesGrp/TotalAmt0537567
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt020389
IRS990/TotalLiabilitiesEOYAmt035097
IRS990/TotalLiabilitiesGrp/BOYAmt020389
IRS990/TotalLiabilitiesGrp/EOYAmt035097
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0919460
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01504883
IRS990/TotalOtherCompensationAmt04787
IRS990/TotalProgramServiceExpensesAmt0412645
IRS990/TotalReportableCompFromOrgAmt032308
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01122990
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0233
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0939849
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01539980
IRS990/TotReportableCompRltdOrgAmt00

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Filings

Displayed year

2021 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$1,539,980
Liabilities
$35,097
Net assets
$1,504,883
Revenue
$1,122,990
Expenses
$537,567
Net income
$585,423
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