Ck12 Foundation
- Assets
- $3.8m
- Revenue
- $12.2m
- Investments
- $1.6k
- Employees
- 0
- Location
- San Jose, CA
- Founding
- 09/2007
- Data as of
- 06/2021
- EIN
- 20-8007128
Organization Overview
Ck12 Foundation is located in San Jose, CA. The organization was established in 2007. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ck12 Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Ck12 Foundation generated $12.2m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $12.2m during the year ending 06/2021. While expenses have increased by 5.8% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE DEVELOPMENT OF HIGH QUALITY EDUCATIONAL WEB TEXTS USING AN OPEN-SOURCE, COLLABORATIVE AND WEB-BASED COMPILATION MODEL THAT CAN BE MANIFESTED AS AN ADAPTIVE TEXT BOOK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Miral Shah Chief Technical Officer | 40 | $594,081 | |
Pachapurkar Nimish Software Architect | 40 | $320,653 | |
Raya Thejaswi Senior Software Engi | 40 | $266,926 | |
Patel Ashwin Senior Product Manag | 40 | $233,102 | |
Gidwani Ravi Senior Software Deve | 40 | $219,121 | |
Liu Naiping Senior Software Engi | 40 | $216,538 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tricon Infotech Private Limited | 6/29/21 | $196,730 |
Forgeahead Solutions Inc | 6/29/21 | $110,856 |
Mcdermott Will & Emery Llp | 6/29/21 | $109,444 |
Cloudfactory International Limited | 6/29/21 | $91,200 |
Wilson Sonsini Goodrich & Rosati | 6/29/21 | $62,025 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $11,980,202 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,751 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $265,006 |
| Total Revenue | $12,243,457 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $594,081 |
| Other employee salaries and wages | $5,257,160 |
| Pension plans, employee benefits | $837,299 |
| Interest | $0 |
| Taxes | $36,352 |
| Depreciation | $20,271 |
| Occupancy | $525,029 |
| Travel, conferences, and meetings | $12,573 |
| Printing and publications | $0 |
| Other expenses | $4,625,155 |
| Total operating and administrative expenses | $12,163,271 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $12,163,271 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $911,618 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $81,040 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $27,152 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,626 |
| Net Land, buildings, and equipment | $33,523 |
| Other assets | $2,735,608 |
| Total assets | $3,790,567 |
| Accounts payable and accrued expenses | $1,460,503 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,460,503 |
Grants Awarded
Over the last fiscal year, Ck12 Foundation has awarded $6,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CODE FOR PROGRESS PURPOSE: ARLINGTON PUBLIC SCHOOL AWARD | $2,000 |
MARYMOUNT UNIVERSITY SCHOLARSHIP FUND PURPOSE: ARLINGTON PUBLIC SCHOOL AWARD | $1,000 |
PRACTICE MAKES PERFECT PURPOSE: ARLINGTON PUBLIC SCHOOL AWARD | $1,000 |
MCCASKEY ALUMNI ASSOCIATION PURPOSE: ARLINGTON PUBLIC SCHOOL AWARD | $1,000 |
THE ASPEN INSTITUTE PURPOSE: EDUCATIONAL | $1,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ck12 Foundation has recieved totaling $500,000.
| Awarding Organization | Amount |
|---|---|
Asian Pacific Fund San Francisco, CA PURPOSE: GENERAL SUPPORT | $500,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ck12 Foundation San Jose, CA | $3,790,567 | $12,243,457 |
Creative Commons Corporation Mountain View, CA | $9,584,245 | $9,853,619 |
Long Now Foundation San Francisco, CA | $8,496,773 | $4,135,043 |
Letterform Archive San Francisco, CA | $5,612,576 | $4,051,847 |
Rancho Cucamonga Public Library Foundation Rancho Cucamonga, CA | $80,561 | $132,446 |
Library Association Of La Jolla La Jolla, CA | $7,657,063 | $2,243,407 |
Sedona Public Library Sedona, AZ | $7,250,372 | $2,554,776 |
Lafayette Library And Learningcenter Foundation Lafayette, CA | $28,882,741 | $2,073,300 |
The Digital Distributed Community Archive Stanford, CA | $3,639,872 | $1,772,956 |
Walt Disney Family Foundation San Francisco, CA | $8,081,443 | $1,620,731 |
Cancer Patients Alliance Pacific Grove, CA | $1,207,473 | $1,716,621 |
Desert Foothills Library Association Cave Creek, AZ | $11,787,133 | $1,313,288 |