Knox Education Foundation
- Assets
- $6.4m
- Revenue
- $5.9m
- Investments
- $271.2k
- Employees
- 58
- Location
- Knoxville, TN
- Founding
- 08/2014
- Data as of
- 06/2022
- EIN
- 62-1865303
Organization Overview
Knox Education Foundation is located in Knoxville, TN. The organization was established in 2014. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 06/2022, Knox Education Foundation employed 58 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Knox Education 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, Knox Education Foundation generated $5.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.1% each year . All expenses for the organization totaled $4.3m during the year ending 06/2022. While expenses have increased by 14.0% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO BE A CATALYST FOR THE TRANSFORMATION OF PUBLIC EDUCATION BY INVESTING IN AND ADVOCATING FOR INNOVATIVE PROGRAMS, PARTNERSHIPS, AND INITIATIVES TO ACHIEVE EXCELLENT OUTCOMES FOR ALL STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY SCHOOLS EXISTS IN ORDER TO PLACE THE SCHOOL AT THE CENTER OF BEING A CATALYST FOR ENHANCING STUDENT LEARNING AND ACHIEVING A HEALTHY COMMUNITY. THE STRATEGY'S 3 MAIN GOALS ARE TO MAXIMIZE STUDENT LEARNING, OPTIMIZE HEALTH & WELL-BEING, AND CREATE LONG-TERM SUPPORT FOR STUDENTS, FAMILIES, SCHOOLS, AND NEIGHBORHOODS. COMMUNITY SCHOOLS COLLABORATES WITH OVER 275 PARTNERS TO SUPPORT THESE GOALS THROUGH THE COMMUNITY SCHOOLS' PILLARS OF SHARED COLLABORATIVE LEADERSHIP, EXPANDED ENRICHMENT OPPORTUNITIES, FAMILY & COMMUNITY ENGAGEMENT, AND INTEGRATED STUDENT SUPPORT.
PROJECT GRAD KNOXVILLE IS A SCHOOL-EMBEDDED PROGRAM AT AUSTIN-EAST AND FULTON HIGH SCHOOLS THAT OFFERS DIRECT SUPPORT, INTERVENTIONS, TOOLS, OPPORTUNITIES, AND COACHING. A 4,000 SCHOLARSHIP IS EARNED BY QUALIFYING STUDENTS WHO ENROLL IN ACCREDITED POSTSECONDARY INSTITUTIONS. GRAD PROVIDES ACCESS TO RESOURCES, EXPERIENCES, AND GUIDANCE THAT WILL CONTRIBUE TO INCREASED HIGH SCHOOL GRADUATION RATES, POSTSECONDARY ENROLLMENT AND COMPLETION, ADDRESSING OBSTACLES ALONG THE WAY. INTENTIONAL FOCUS IS GIVEN TO STUDENTS FROM DISADVANTAGED CIRCUMSTANCES, FROM COMMUNITIES OF CONCENTRATED CHALLENGES, AND THOSE UNDERREPRESENTED IN HIGHER EDUCATION.
SPECIAL PROJECTS CONTAINS INITIATIVES AND PROGRAMS THAT ARE PILOTS TO EVALUATE LONG TERM VIABILITY AND IMPACT. THESE SPECIAL PROJECTS FOCUS ON FOUNDATIONAL ACADEMIC SKILLS, EFFECTIVE EDUCATORS, PATHWAYS AND PIPELINES, AND SUCCESS FOR ALL STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Letsos CEO | Officer | 40 | $166,247 |
Stephanie Jinkins CFO | Officer | 40 | $130,703 |
Leroy Thompson Secretary | OfficerTrustee | $0 | |
Larsen Jay Board Chair | OfficerTrustee | $0 | |
Carol Carden Treasurer | OfficerTrustee | $0 | |
Crissy Haslam Vice Chair | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $286,400 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,567,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,003,489 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,857,389 |
| Total Program Service Revenue | $0 |
| Investment income | $2,312 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$7,122 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,852,579 |
| 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. | $384,071 |
| Compensation of current officers, directors, key employees. | $384,071 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,641,648 |
| Pension plan accruals and contributions | $69,683 |
| Other employee benefits | $223,407 |
| Payroll taxes | $147,378 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $443,345 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $82,709 |
| Royalties | $0 |
| Occupancy | $46,945 |
| Travel | $11,630 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,490 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,849 |
| Insurance | $21,600 |
| All other expenses | $58,059 |
| Total functional expenses | $4,321,414 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,721,435 |
| Savings and temporary cash investments | $3,528,308 |
| Pledges and grants receivable | $837,731 |
| Accounts receivable, net | $3,087 |
| 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 | $30,424 |
| Net Land, buildings, and equipment | $1,123 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $271,209 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,393,317 |
| Accounts payable and accrued expenses | $746,846 |
| 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 | $0 |
| Total liabilities | $746,846 |
| Net assets without donor restrictions | $4,603,966 |
| Net assets with donor restrictions | $1,042,505 |
| 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 | $6,393,317 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Knox Education Foundation has recieved totaling $314,500.
| Awarding Organization | Amount |
|---|---|
United Way Of Greater Knoxville Inc Knoxville, TN | | $164,500 |
East Tennessee Foundation Knoxville, TN PURPOSE: GEN/OPER SUPPORT | $150,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Transylvania Vocational Services Inc Brevard, NC | $52,218,118 | $34,183,028 |
University System Of Georgia Foundation Inc Atlanta, GA | $572,651,205 | $27,479,908 |
Champions For Education Inc Charlotte, NC | $4,769,828 | $14,830,024 |
Atlanta Neighborhood Charter School Inc Atlanta, GA | $8,677,734 | $16,201,042 |
Campus Development Foundation Inc Chattanooga, TN | $70,898,605 | $12,373,348 |
Kentucky Educational Development Corporation Ashland, KY | $6,070,827 | $11,298,796 |
Hephzibah Charter Foundation Inc Hephzibah, GA | $10,181,498 | $8,307,126 |
Foundation Properties Inc Columbus, GA | $108,758,689 | $6,742,153 |
Nc State Engineering Foundation Inc Raleigh, NC | $172,988,383 | $18,412,442 |
Georgia Student Scholarship Organization Sso Inc Cumming, GA | $4,146,288 | $9,720,252 |
St Christophers School Foundation Richmond, VA | $94,106,126 | $9,680,251 |
Kidsmart Saint Louis, MO | $4,061,844 | $8,307,759 |