K-Connect
- Assets
- $1.1m
- Revenue
- $761.7k
- Investments
- $0.0
- Employees
- 7
- Location
- Grand Rapids, MI
- Founding
- 07/2014
- Data as of
- 09/2023
- 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 09/2023, K-Connect employed 7 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 09/2023, K-Connect generated $761.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $1.1m during the year ending 09/2023. While expenses have increased by 5.0% per year over the past 8 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
AIMED AT INCREASING STUDENT ACHIEVEMENT THROUGHOUT KENT COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2023, KCONNECT LAUNCHED A STRATEGIC EFFORT TO CAST A VISION FOR THE ORGANIZATION'S NEXT FIVE YEARS, CULMINATING IN THE COMMON AGENDA AND ROADMAP 2.0. THIS DOCUMENT IS FUNDAMENTAL TO OUR ORGANIZATION AND VISUALIZES PAST AND CURRENT TENSIONS, CHALLENGES, AND ACCOMPLISHMENTS TO FACILITATE BETTER UNDERSTANDING BY INTERNAL TEAMS. IN ADDITION TO THE INTERNAL WORK OF THE 2.0, THE KCONNECT BACKBONE TEAM LAUNCHED A THREE-YEAR PLAN TO MOVE KCONNECT FROM DESIGN TO ACTION. THIS PLAN INCLUDES THE IMPLEMENTATION PHASE OF THE CROSS-CUTTING WORKGROUPS, SPECIFICALLY THE POLICY AND ADVOCACY AND COMMUNITY ENGAGEMENT GROUPS (ALSO KNOWN AS PACE). ADDITIONALLY, KCONNECT WILL LAUNCH AT LEAST 100 INITIATIVES THROUGH ITS ALIGN AND DESIGN TEAMS. CENTRAL TO THIS WORK ARE THREE CORE PRINCIPLES: 1. WE WILL BE CURIOUS, 2. WE WILL BE CREATIVE, AND 3. WE WILL BE COURAGEOUS. OTHER ACCOMPLISHMENTS INCLUDE LAUNCHING A NATIONALLY RECOGNIZED DOCUMENTARY AND CONNECT US, A CONSULTING WING THAT WILL HELP DIVERSIFY KCONNECT'S REVENUE SOURCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Salvador Lopez President/exec Director | OfficerTrustee | 40 | $124,456 |
Vanessa Greene Trustee | Trustee | 1 | $0 |
Dr Juan Olivarez Trustee | Trustee | 1 | $0 |
Kevin Polston Trustee | Trustee | 1 | $0 |
Andrew Brower Trustee | Trustee | 1 | $0 |
Lynne Ferrell 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 | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $761,725 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $761,725 |
| Total Program Service Revenue | $0 |
| 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 | $761,725 |
| 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. | $95,678 |
| Compensation of current officers, directors, key employees. | $17,887 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $393,580 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $65,649 |
| Payroll taxes | $39,919 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,142 |
| Fees for services: Accounting | $11,120 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $279,149 |
| Advertising and promotion | $0 |
| Office expenses | $25,510 |
| Information technology | $15,747 |
| Royalties | $0 |
| Occupancy | $31,186 |
| Travel | $21,666 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $28,128 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,713 |
| Insurance | $4,428 |
| All other expenses | $0 |
| Total functional expenses | $1,079,976 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $375,544 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $640,437 |
| Accounts receivable, net | $425 |
| 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 | $4,453 |
| Net Land, buildings, and equipment | $8,362 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $92,108 |
| Total assets | $1,121,329 |
| Accounts payable and accrued expenses | $46,734 |
| 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 | $95,154 |
| Total liabilities | $141,888 |
| Net assets without donor restrictions | $339,004 |
| Net assets with donor restrictions | $640,437 |
| 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 | $1,121,329 |