Knowledgeworks Foundation
- Assets
- $34.0m
- Revenue
- $7.7m
- Investments
- $0.0
- Employees
- 51
- 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 06/2022, Knowledgeworks Foundation employed 51 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 7 years, revenues have fallen by an average of (1.9%) 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 (7.2%) per year over the past 7 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 $31,228,447. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
KW IN SCHOOLS: SEE SCHEDULE O
OTHER PROGRAM SERVICES: SEE SCHEDULE O
POLICY AND ADVOCACY: SEE SCHEDULE O
IMPACT AND IMPROVEMENT: SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Ambrose President & CEO - Term Ended | OfficerTrustee | 39 | $568,162 |
Holly Brinkman Inter Pres&ceo/coo&vp Finance | Officer | 37 | $275,948 |
Matthew Williams Evp & Chief Strategy Officer | Officer | 39 | $256,203 |
Michael Dimaggio Vp, Partnerships & Dev | 40 | $237,939 | |
Virgel Hammonds Chief Learning Officer | Officer | 40 | $226,878 |
Lillian Pace Vp, Policy & Advocacy | Officer | 40 | $207,273 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Promise54 Training And Dev | 6/29/22 | $283,550 |
Frost Brown Todd Llc Legal Services | 6/29/22 | $239,384 |
Korn Ferry Recruiting | 6/29/22 | $136,400 |
Wested Data Analytics | 6/29/22 | $134,208 |
Forvis Llp Audit And Tax | 6/29/22 | $117,518 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,205,276 |
| 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 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 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 | $0 |
| 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 |
| 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 | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $8,154,668 |
Grants Awarded
Over the last fiscal year, Knowledgeworks Foundation has awarded $1,137,754 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
ACHIEVING THE DREAM PURPOSE: HIGH-QUALITY COLLEGE IN HIGH SCHOOL EXPERIENCES | $57,250 |
ARTSWAVE PURPOSE: 2021/2022 CAMPAIGN | $6,075 |
BARD COLLEGE PURPOSE: HIGH-QUALITY COLLEGE IN HIGH SCHOOL EXPERIENCES | $61,250 |
COMMONWEALTH OF KENTUCKY PURPOSE: HIGH-QUALITY COLLEGE IN HIGH SCHOOL EXPERIENCES | $25,000 |
ILLINOIS COMMUNITY COLLEGE BOARD PURPOSE: HIGH-QUALITY COLLEGE IN HIGH SCHOOL EXPERIENCES | $25,000 |
MIDDLE COLLEGE NATIONAL CONSORTIUM PURPOSE: HIGH-QUALITY COLLEGE IN HIGH SCHOOL EXPERIENCES | $43,000 |