Knowledge Futures
- Assets
- $641.7k
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 10
- Location
- Cambridge, MA
- Founding
- Data as of
- 06/2021
- EIN
- 84-3111259
Organization Overview
Knowledge Futures is located in Cambridge, MA. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 06/2021, Knowledge Futures employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Knowledge Futures 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, Knowledge Futures generated $1.9m in total revenue. All expenses for the organization totaled $1.7m during the year ending 06/2021.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
KNOWLEDGE FUTURES GROUP BUILDS INFRASTRUCTURE FOR A MORE EFFECTIVE, EQUITABLE, AND SUSTAINABLE KNOWLEDGE ECONOMY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED PUBLISHING SERVICES AND SOFTWARE FOR OVER 3,000 ACADEMIC COMMUNITIES VIA OUR PUBPUB PRODUCT, WHICH ALLOWED USERS TO PUBLISH OVER 21,000 OPEN ACADEMIC TEXTS FOR MORE THAN 1.5 MILLION READERS. PUBLISHED OVER 100 ARTICLES, WHICH WERE READ BY OVER 17,000 READERS, IN COMMONPLACE, OUR PUBLICATION FOR OPEN ACADEMIC INFRASTRUCTURE THOUGHT LEADERSHIP. DEVELOPED THE CORE UNDERLYING INFRASTRUCTURE AND DEMOED INITIAL CONCEPTS FOR THE UNDERLAY, OUR OPEN KNOWLEDGE GRAPH TECHNOLOGY, TO OVER 15 POTENTIAL PARTNERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Travis Rich President | OfficerTrustee | 35 | $63,546 |
Gabriel Stein Director | OfficerTrustee | 35 | $61,622 |
Amy Brand Chair | Trustee | 1 | $0 |
Samuel Klein Director | Trustee | 1 | $0 |
Terry Ehling Director | Trustee | 1 | $0 |
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 | $1,830,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,830,000 |
| Total Program Service Revenue | $71,799 |
| Investment income | $0 |
| 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 | $1,901,799 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $315,000 |
| 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. | $129,628 |
| Compensation of current officers, directors, key employees. | $32,276 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $752,753 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $77,997 |
| Payroll taxes | $70,775 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $43,175 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $274,935 |
| Advertising and promotion | $0 |
| Office expenses | $6,991 |
| Information technology | $53,357 |
| Royalties | $0 |
| Occupancy | $5,031 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $792 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,604 |
| All other expenses | $0 |
| Total functional expenses | $1,743,040 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $578,862 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,043 |
| 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 | $53,805 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $641,710 |
| Accounts payable and accrued expenses | $62,961 |
| Grants payable | $0 |
| Deferred revenue | $4,129 |
| 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 | $67,090 |
| Net assets without donor restrictions | $517,068 |
| Net assets with donor restrictions | $57,552 |
| 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 | $641,710 |
Grants Awarded
Over the last fiscal year, Knowledge Futures has awarded $315,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Berkeley, CA PURPOSE: Global Coronavirus Research | $220,000 |
Cambridge, MA PURPOSE: Global Coronavirus Research | $95,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Knowledge Futures has recieved totaling $800,000.
| Awarding Organization | Amount |
|---|---|
The Patrick J Mcgovern Foundation Inc Boston, MA PURPOSE: TO BUILD AND SUPPORT PRODUCTS AND PROTOCOLS TO MAKE KNOWLEDGE OPEN AND ACCESSIBLE TO ALL. | $750,000 |
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Human Services | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Family And Childrens Association Garden City, NY | $18,906,082 | $21,671,282 |
Innocence Project Inc New York, NY | $73,728,840 | $39,853,614 |
The Access Agency Inc Willimantic, CT | $5,450,809 | $18,469,051 |
Ahavat Yisroel Humanity Inc Brooklyn, NY | $8,284,254 | $21,769,721 |
Family & Childrens Agency Inc Norwalk, CT | $7,156,227 | $18,049,898 |
Waypoint Manchester, NH | $32,573,224 | $19,134,809 |
Pro Action Of Steuben And Yates Inc Bath, NY | $5,623,306 | $16,689,499 |
Ibero-American Action League Inc Rochester, NY | $5,689,944 | $13,857,002 |
Capstone Community Action Inc Barre, VT | $12,760,181 | $16,370,682 |
Roxbury Tenants Of Harvard Association Inc Boston, MA | $107,579,482 | $10,061,394 |
Cfs Self-Directed Supports Inc New York, NY | $2,767,329 | $14,659,181 |
Mohawk Valley Community Action Agency Inc Utica, NY | $3,321,738 | $14,321,555 |