Ki Education Foundation
- Assets
- $6.7m
- Revenue
- $9.4m
- Investments
- $0.0
- Employees
- 132
- Location
- San Marcos, TX
- Founding
- 07/2013
- Data as of
- 06/2023
- EIN
- 46-2295875
Organization Overview
Ki Education Foundation is located in San Marcos, TX. The organization was established in 2013. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2023, Ki Education Foundation employed 132 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ki Education 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 06/2023, Ki Education Foundation generated $9.4m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 19.8% each year . All expenses for the organization totaled $8.2m during the year ending 06/2023. While expenses have increased by 22.8% per year over the past 4 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Jerry Lager Superintendent | Officer | 50 | $168,602 |
Dr Rosina Valle Board Member | Trustee | 1 | $0 |
Dr Lura Davidson Board President | OfficerTrustee | 1 | $0 |
Dr Toni Sauncy Board Member | Trustee | 1 | $0 |
Mack Wigley Board Member | Trustee | 1 | $0 |
Ray Cordero Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,275,138 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,275,138 |
| Total Program Service Revenue | $11,516 |
| Investment income | $88,971 |
| 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 | $9,375,625 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $200,449 |
| Compensation of current officers, directors, key employees. | $200,449 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,552,889 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $741,420 |
| Payroll taxes | $83,625 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,144 |
| Fees for services: Accounting | $33,035 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $111,045 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $39,830 |
| Insurance | $22,517 |
| All other expenses | $91,286 |
| Total functional expenses | $8,166,850 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,829,357 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,545,710 |
| Accounts receivable, net | $28,204 |
| 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 | $80,955 |
| Net Land, buildings, and equipment | $234,613 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,718,839 |
| Accounts payable and accrued expenses | $897,234 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $897,234 |
| Net assets without donor restrictions | $256,777 |
| Net assets with donor restrictions | $5,564,828 |
| 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 | $6,718,839 |