K-Connect
- Assets
- $1.9m
- Revenue
- $539.9k
- Investments
- $0.0
- Employees
- 5
- Location
- Grand Rapids, MI
- Founding
- 07/2014
- Data as of
- 09/2022
- EIN
- 46-4605245
Organization Overview
K-Connect is located in Grand Rapids, MI. The organization was established in 2014. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 09/2022, K-Connect employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. K-Connect 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 09/2022, K-Connect generated $539.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $747.1k during the year ending 09/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
AIMED AT INCREASING STUDENT ACHIEVEMENT THROUGHOUT KENT COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
K-CONNECT BUILT CAPACITY, DIVERSIFIED WORKGROUPS, STOOD AS A COLLECTIVE IMPACT MODEL ACROSS THE COUNTRY, AND CONTINUED TO CENTER EQUITY IN ALL PHASES OF OUR WORK. WE DIVERSIFIED OUR FUNDING TO STATE AND NATIONAL FUNDERS AND ACTED AS CONTENT EXPERTS THAT ADVISED LOCAL, STATE, AND NATIONAL COLLECTIVE IMPACT INITIATIVES. WE WILL FOCUS ON BUILDING CAPACITY AROUND THE POLICY AND ADVOCACY AND COMMUNITY ENGAGEMENT WORKGROUPS IN ORDER TO CONTINUE BUILDING SYSTEMS IN KENT COUNTY. AS WE MOVE INTO THE NEW YEAR, WE WILL ALSO BE FOCUSING ON BEGINNING A STRATEGIC FRAMEWORK PROCESS CULMINATING IN K-CONNECT'S UPDATED VERSION OF OUR COMMON AGENDA AND ROADMAP. FINALLY, WE WILL CONTINUE TO POPULATE INDICATORS AND SUCCESS MEASURES ON OUR DATA DASHBOARD AND VISUALIZING COMMUNITY GAPS THROUGH OUR WORKPLAN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Salvador Lopez President/exec Director | OfficerTrustee | 40 | $120,969 |
Dr Brandy Lovelady Mitchell Co-Chair | OfficerTrustee | 2 | $0 |
Krista Flynn Treasurer | OfficerTrustee | 2 | $0 |
Andrew Brower Co-Chair | OfficerTrustee | 2 | $0 |
Dr Juan Olivarez Trustee | Trustee | 1 | $0 |
Shana M Lewis Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Inclusive Performance Strategies Consulting Services | 9/29/18 | $131,404 |
Gvsu Johnson Center For Philanthropy Training/prof Dev. | 9/29/18 | $116,679 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $21,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $451,925 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $472,925 |
| Total Program Service Revenue | $66,000 |
| 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 | $539,869 |
| 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. | $139,141 |
| Compensation of current officers, directors, key employees. | $24,128 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $272,349 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $29,813 |
| Payroll taxes | $32,998 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,766 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $137,468 |
| Advertising and promotion | $0 |
| Office expenses | $25,293 |
| Information technology | $16,212 |
| Royalties | $0 |
| Occupancy | $27,315 |
| Travel | $10,477 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,775 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,366 |
| Insurance | $4,314 |
| All other expenses | $0 |
| Total functional expenses | $747,060 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $692,509 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,151,875 |
| Accounts receivable, net | $10,000 |
| 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 | $3,148 |
| Net Land, buildings, and equipment | $10,131 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,867,663 |
| Accounts payable and accrued expenses | $34,971 |
| 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 | $535,000 |
| Total liabilities | $569,971 |
| Net assets without donor restrictions | $680,817 |
| Net assets with donor restrictions | $616,875 |
| 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 | $1,867,663 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that K-Connect has recieved totaling $1,656,000.
| Awarding Organization | Amount |
|---|---|
Grand Rapids Community Foundation Grand Rapids, MI PURPOSE: GENERAL OPERATING SUPPORT | $516,000 |
Cdv5 Foundation Grand Rapids, MI PURPOSE: PROJECT/PROGRAM - HOUSING KENT | $300,000 |
Frey Foundation Grand Rapids, MI PURPOSE: HOUSING STABILITY ALLIANCE: BUILDING A BACKBONE ENTITY | $265,000 |
Douglas & Maria Devos Foundation Grand Rapids, MI PURPOSE: GENERAL OPERATING | $125,000 |
Cdv5 Foundation Grand Rapids, MI PURPOSE: PROJECT/PROGRAM - HOUSING KENT | $100,000 |
Frey Foundation Grand Rapids, MI PURPOSE: KCONNECT: CREATING COLLECTIVE IMPACT IN OUR COMMUNITY | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Four Lakes Education Inc Mcfarland, WI | $19,510,761 | $31,025,737 |
Wood County Schools Benefit Plan Bowling Green, OH | $9,100,102 | $25,909,869 |
Progressnow Education Lansing, MI | $1,591,280 | $29,411,544 |
Inside Track Impact Inc Indianapolis, IN | $23,220,663 | $19,614,456 |
Strada Collaborative Inc Indianapolis, IN | $87,757,237 | $36,146,755 |
Accelerate Great Schools Cincinnati, OH | $48,959,993 | $4,700,984 |
Institute For Quality Education Inc Indianapolis, IN | $12,107,092 | $12,010,135 |
Chippewa Luce Macinac Comm Action Human Resource Auth Inc Sault Ste Marie, MI | $6,136,968 | $10,393,284 |
Lac Courte Oreilles Ojibwe School Hayward, WI | $14,755,136 | $9,679,407 |
Kappa Kappa Gamma Foundation Dublin, OH | $48,213,422 | $9,077,849 |
Horizon Science Academy Of Lorain Lorain, OH | $7,416,204 | $11,463,711 |
Lansing Christian School Lansing, MI | $7,908,099 | $6,549,219 |