Knowledgeworks Foundation
- Assets
- $34.0m
- Revenue
- $7.7m
- Investments
- $0.0
- Employees
- 59
- Location
- Cincinnati, OH
- Founding
- 06/1991
- Data as of
- 06/2021
- EIN
- 31-1321973
Organization Overview
Knowledgeworks Foundation is located in Cincinnati, OH. The organization was established in 1991. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 06/2021, Knowledgeworks Foundation employed 59 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Knowledgeworks 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, Knowledgeworks Foundation generated $7.7m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $12.0m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (8.3%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Knowledgeworks Foundation has awarded 181 individual grants totaling $26,381,309. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
KW IN SCHOOLS: SEE SCHEDULE O
POLICY & ADVOCACY: SEE SCHEDULE O
IMPACT AND IMPROVEMENT: SEE SCHEDULE O
OTHER PROGRAM SERVICES: SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Ambrose Pres & CEO - Term End 3/2021 | OfficerTrustee | 39 | $366,943 |
Matthew Williams Evp & Chief Strategy Officer | Officer | 39 | $239,501 |
Michael Dimaggio VP Ptrshps & Dev | 40 | $238,817 | |
Holly Brinkman Interim Pres & CEO -Beg 3/2021 | Officer | 37 | $236,600 |
Virgel Hammonds Chief Learning Officer | Officer | 40 | $231,121 |
Byron White Vp/exec Dir Strivepartnership | 40 | $219,869 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wested Data Analytics | 6/29/21 | $315,965 |
Carl Lawrence Data Analytics | 6/29/21 | $140,000 |
Frost Brown Todd Legal Services | 6/29/21 | $176,214 |
Hyperx Media Website Redesign | 6/29/21 | $114,580 |
Bambeck Vest Office Buildout | 6/29/21 | $392,437 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,205,276 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,205,276 |
| Total Program Service Revenue | $2,150,795 |
| Investment income | $10,185 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,717,304 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,138,381 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,843,733 |
| Compensation of current officers, directors, key employees. | $541,084 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,035,679 |
| Pension plan accruals and contributions | $144,030 |
| Other employee benefits | $416,011 |
| Payroll taxes | $397,302 |
| Fees for services: Management | $127,487 |
| Fees for services: Legal | $256,227 |
| Fees for services: Accounting | $111,462 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $3,210 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,484,993 |
| Advertising and promotion | $151,750 |
| Office expenses | $162,640 |
| Information technology | $273,458 |
| Royalties | $0 |
| Occupancy | $352,121 |
| Travel | $3,043 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $70,074 |
| Interest | $190,341 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $84,165 |
| Insurance | $139,463 |
| All other expenses | $37,774 |
| Total functional expenses | $12,007,991 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,161,299 |
| Savings and temporary cash investments | $706,322 |
| Pledges and grants receivable | $3,400,037 |
| Accounts receivable, net | $302,026 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $205,740 |
| Net Land, buildings, and equipment | $261,145 |
| Investments—publicly traded securities | $2,810,806 |
| Investments—other securities | $0 |
| Investments—program-related | $19,898,952 |
| Intangible assets | $0 |
| Other assets | $2,263,868 |
| Total assets | $34,010,195 |
| Accounts payable and accrued expenses | $1,847,306 |
| Grants payable | $0 |
| Deferred revenue | $406,043 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $14,043,072 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,559,106 |
| Total liabilities | $25,855,527 |
| Net assets without donor restrictions | $549,386 |
| Net assets with donor restrictions | $7,605,282 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $34,010,195 |
Grants Awarded
Over the last fiscal year, Knowledgeworks Foundation has awarded $1,188,664 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
WESTED PURPOSE: GENERAL OPERATING SUPPORT | $200,000 |
Boston, MA PURPOSE: HIGH-QUALITY COLLEGE IN HIGH SCHOOL EXPERIENCES | $142,000 |
Chapel Hill, NC PURPOSE: HIGH-QUALITY COLLEGE IN HIGH SCHOOL EXPERIENCES | $121,000 |
Philadelphia, PA PURPOSE: ANALYSIS OF PERSONALIZED, COMPETENCY-BASED LEARN. | $80,000 |
Silver Spring, MD PURPOSE: HIGH-QUALITY COLLEGE IN HIGH SCHOOL EXPERIENCES | $73,000 |
Annandaleonhudson, NY PURPOSE: HIGH-QUALITY COLLEGE IN HIGH SCHOOL EXPERIENCES | $69,000 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Knowledgeworks Foundation has recieved totaling $2,940,157.
| Awarding Organization | Amount |
|---|---|
Bush Foundation St Paul, MN PURPOSE: STATE INFRASTRUCTURE AND MODELS FOR PERSONALIZED LEARNING IN NORTH DAKOTA | $870,157 |
Ecmc Foundation Minneapolis, MN PURPOSE: College Success | $525,000 |
Barr Foundation Boston, MA PURPOSE: EDUCATION: TO SUPPORT NATIONAL LEADERSHIP IN TRANSPORTATION | $500,000 |
Bill & Melinda Gates Foundation Seattle, WA PURPOSE: K-12 EDUCATION; POSTSECONDARY EDUCATION; PUBLIC AWARENESS AND ANALYSIS | $300,000 |
Bill & Melinda Gates Foundation Seattle, WA PURPOSE: POSTSECONDARY EDUCATION | $270,000 |
Allstate Foundation Northbrook, IL PURPOSE: ARIZONA COACHING NETWORK | $200,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Central Pennsylvania Scholarship Fund Tyrone, PA | $42,508,819 | $45,167,381 |
Skillman Foundation Detroit, MI | $412,503,854 | $53,699,386 |
Cardinal Services Inc Of Indiana Warsaw, IN | $28,675,162 | $26,373,889 |
Kalamazoo Promise Kalamazoo, MI | $7,251,327 | $23,596,440 |
College Now Greater Cleveland Inc Cleveland, OH | $24,271,314 | $18,465,003 |
Cigna Foundation Philadelphia, PA | $165,016,072 | $8,084,237 |
Children Scholarship Fund Philadelphia Philadelphia, PA | $24,817,690 | $13,351,193 |
Knowledgeworks Foundation Cincinnati, OH | $34,010,195 | $7,717,304 |
Ruth Mott Foundation Flint, MI | $290,091,185 | $30,117,543 |
Foundation For Jewish Day Schools Of Greater Philadelphia Philadelphia, PA | $5,671,351 | $11,978,701 |
Ray And Kay Eckstein Charitable Trust Paducah, KY | $358,796,277 | $128,951,866 |
James Annenberg La Vea Charitable Foundation Philadelphia, PA | $176,224,277 | $5,500,392 |