Knowledge Futures
- Assets
- $7.0m
- Revenue
- $7.0m
- Investments
- $0.0
- Employees
- 14
- Location
- Cambridge, MA
- Founding
- Data as of
- 12/2022
- 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 12/2022, Knowledge Futures employed 14 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 12/2022, Knowledge Futures generated $7.0m in total revenue. All expenses for the organization totaled $1.3m during the year ending 12/2022.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
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
IN OUR THIRD YEAR AS A NONPROFIT, WE'VE GROWN THE NUMBER OF COMMUNITIES THAT WE SUPPORT (4,000+) AND LAUNCHED A SUSTAINABILITY MODEL. WE SAW OUR 100,000TH USER SIGNUP AND 5,000TH COMMUNITY CREATED IN NOVEMBER AND DECEMBER 2022, RESPECTIVELY, AND BY THE END OF THE YEAR HAD SEEN THE 65,000TH PUB CREATED. IN 2022, WE HAD A TOTAL OF 53 MEMBERS WITH AN AVERAGE CONTRIBUTION SIZE OF $3,619. THE CONTENT TEAM (NOW CALLED THE COMMUNITY TEAM) SIGNED NINE SERVICES CONTRACTS AND BILLED 152,970.00 IN REVENUE. WE WERE ALSO ABLE TO CHANNEL FEEDBACK AND IDEAS FROM PARTNERS TO LAUNCH 4 ADDITIONAL SERVICES IN DECEMBER 2022: OER COURSE PRESENTATIONS, ARCHIVING AND INDEXING, TEXT-TO-AUDIO, AND COPYEDITING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Boyana Konforti Board Member | Trustee | 1 | $0 |
Michael Stebbins Board Member | Trustee | 1 | $0 |
Samuel Klein Board Member | Trustee | 1 | $0 |
Travis Rich Executive Director | OfficerTrustee | 32 | $145,111 |
Gabriel Stein Head Of Operations And Product | OfficerTrustee | 32 | $138,199 |
Catherine Ahearn Head Of Communities | 32 | $139,324 |
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 | $6,875,625 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,875,625 |
| Total Program Service Revenue | $77,153 |
| 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 | $6,952,778 |
| 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. | $206,607 |
| Compensation of current officers, directors, key employees. | $82,643 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $660,937 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $74,861 |
| Payroll taxes | $63,078 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,297 |
| Fees for services: Accounting | $31,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $109,679 |
| Advertising and promotion | $0 |
| Office expenses | $23,571 |
| Information technology | $42,119 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $32,465 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,100 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,280 |
| All other expenses | $0 |
| Total functional expenses | $1,271,478 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,892,053 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $100,000 |
| Accounts receivable, net | $14,643 |
| 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 | $30,471 |
| 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 | $7,037,167 |
| Accounts payable and accrued expenses | $80,900 |
| Grants payable | $0 |
| Deferred revenue | $43,145 |
| 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 | $124,045 |
| Net assets without donor restrictions | $5,332,808 |
| Net assets with donor restrictions | $1,580,314 |
| 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 | $7,037,167 |
Grants Awarded
Over the last fiscal year, Knowledge Futures has awarded $315,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MIT PURPOSE: Global Coronavirus Research | $95,000 |
UC BERKELEY PURPOSE: Global Coronavirus Research | $220,000 |