Ck12 Foundation
- Assets
- $5.8m
- Revenue
- $13.4m
- Investments
- $1.6k
- Employees
- 0
- Location
- San Jose, CA
- Founding
- 09/2007
- Data as of
- 06/2022
- EIN
- 20-8007128
Organization Overview
Ck12 Foundation is located in San Jose, CA. The organization was established in 2007. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ck12 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 06/2022, Ck12 Foundation generated $13.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $11.6m during the year ending 06/2022. While expenses have increased by 4.0% per year over the past 6 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE DEVELOPMENT OF HIGH QUALITY EDUCATIONAL WEB TEXTS USING AN OPEN-SOURCE, COLLABORATIVE AND WEB-BASED COMPILATION MODEL THAT CAN BE MANIFESTED AS AN ADAPTIVE TEXT BOOK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Miral Shah Chief Technical Officer | 40 | $676,491 | |
Neeru Khosla Executive Director | 0 | $0 | |
Kim Totah Cfo/secretary | 0 | $0 | |
Neeru Khosla Board Member | 0 | $0 | |
Kim Totah Board Member | 0 | $0 | |
Kim Totah Treasurer | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tricon Infotech Private Limited | 6/29/22 | $315,102 |
Mcdermott Will & Emery Llp | 6/29/22 | $111,390 |
Cloudfactory International Limited | 6/29/22 | $91,200 |
Forgeahead Solutions Inc | 6/29/22 | $85,135 |
Neil Patel Digital Llp | 6/29/22 | $71,400 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $13,369,446 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $65,667 |
| Total Revenue | $13,435,113 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $676,491 |
| Other employee salaries and wages | $4,338,271 |
| Pension plans, employee benefits | $1,287,280 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $19,265 |
| Occupancy | $615,967 |
| Travel, conferences, and meetings | $8,184 |
| Printing and publications | $0 |
| Other expenses | $4,466,585 |
| Total operating and administrative expenses | $11,641,646 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $11,641,646 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,475,457 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $13,191 |
| 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 | $183,547 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,626 |
| Net Land, buildings, and equipment | $92,927 |
| Other assets | $4,027,812 |
| Total assets | $5,794,560 |
| Accounts payable and accrued expenses | $1,671,029 |
| 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 | $1,671,029 |
Grants Awarded
Over the last fiscal year, Ck12 Foundation has awarded $6,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
MARYMOUNT UNIVERSITY SCHOLARSHIP FUND PURPOSE: ARLINGTON PUBLIC SCHOOL AWARD | $1,000 |
PRACTICE MAKES PERFECT PURPOSE: ARLINGTON PUBLIC SCHOOL AWARD | $1,000 |
MCCASKEY ALUMNI ASSOCIATION PURPOSE: ARLINGTON PUBLIC SCHOOL AWARD | $1,000 |
CODE FOR PROGRESS PURPOSE: ARLINGTON PUBLIC SCHOOL AWARD | $2,000 |
THE ASPEN INSTITUTE PURPOSE: EDUCATIONAL | $1,000 |