Knowledge Systems Institute
- Assets
- $4.2m
- Revenue
- $784.3k
- Investments
- $4.1m
- Employees
- 3
- Location
- Skokie, IL
- Founding
- 05/1988
- Data as of
- 12/2023
- EIN
- 36-3085682
Organization Overview
Knowledge Systems Institute is located in Skokie, IL. The organization was established in 1988. According to its NTEE Classification (B05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Education and related organizations. As of 12/2023, Knowledge Systems Institute employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Knowledge Systems Institute 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 12/2023, Knowledge Systems Institute generated $784.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (9.7%) each year. All expenses for the organization totaled $410.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (8.4%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Knowledge Systems Institute has awarded 18 individual grants totaling $334,070. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FUNDS TO FOSTER LEADERSHIP AND CONTINUING INTEREST IN STEM SUBJECTS AMONG GIRLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KSI PURPOSE IS TO ENGAGE LOW INCOME GIRLS IN TECHNOLOGY, ENTREPRENEURSHIP, AND SCIENCE TO FOSTER LEADERSHIP AND CONTINUING INTEREST IN EDUCATION. KSI DISSEMINATES FUNDS TO FOSTER LEADERSHIP AND CONTINUING INTEREST IN STEM SUBJECTS AND ENTREPRENEURSHIP AMONG GIRLS. FOR 2023, KSI WAS IRS APPROVED TO FILE AS A PRIVATE FOUNDATION AS IT NO LONGER FUNCTIONS AS A SCHOOL SINCE NOVEMBER 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shi-Kuo Chang Board Chair/director | 1 | $0 | |
Giuseppe Palese Director | 0.1 | $0 | |
Xin Li Director | 0.1 | $0 | |
Cybele Chang Executive Director | 40 | $39,996 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $33,871 |
| Interest on Savings | $64 |
| Dividends & Interest | $177,673 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $572,729 |
| Capital Gain Net Income | $572,729 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $784,337 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $39,996 |
| Other employee salaries and wages | $87,800 |
| Pension plans, employee benefits | $22,500 |
| Interest | $0 |
| Taxes | $11,079 |
| Depreciation | $13,473 |
| Occupancy | $11,219 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $29,885 |
| Total operating and administrative expenses | $262,709 |
| Contributions, gifts, grants paid | $147,500 |
| Total expenses and disbursements | $410,209 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,551 |
| Savings and temporary cash investments | $28,389 |
| Net Accounts receivable | $2,208 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $81,012 |
| Net Land, buildings, and equipment | $55,553 |
| Other assets | $0 |
| Total assets | $4,242,677 |
| Accounts payable and accrued expenses | $13,748 |
| 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 | $13,748 |
Grants Awarded
Over the last fiscal year, Knowledge Systems Institute has awarded $147,500 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
CAMFED USA FOUNDATION PURPOSE: EXEMPT PURPOSE OF ORGANIZATION | $25,000 |
GIRLS PLUS ENVIRONMENT PURPOSE: EXEMPT PURPOSE OF ORGANIZATION | $500 |
SCIENCE 4 GIRLS PURPOSE: EXEMPT PURPOSE OF ORGANIZATION | $10,000 |
GIRLSTART PURPOSE: EXEMPT PURPOSE OF ORGANIZATION | $20,000 |
GIRLS WITH IMPACT PURPOSE: EXEMPT PURPOSE OF ORGANIZATION | $25,000 |
SCIENCE CLUB FOR GIRLS PURPOSE: EXEMPT PURPOSE OF ORGANIZATION | $20,000 |