2020-05-13T06:50:06-05:00 2019-06-30 861065772 Deloitte Tax LLP 250 East Fifth Street Suite 1900 Cincinnati OH 45202 990 2018-07-01 311321973 KnowledgeWorks Foundation KNOW 5139294777 One West Fourth Street No 200 Cincinnati OH 452023634 Holly Brinkman VP - CFO & Treasurer 5139294777 2020-05-12 1 Alicia M Janisch P00741382 5137847100 223.230.33.18 2020-05-12 13:01:03 US P 4869E5F49B9973F149F13A18DEB0F85868CD0247 110C2E4453CD933C54DE272FBBF8C0AD0F9CA5D7 2018 2020-09-23 17:36:50Z Charles Ambrose One West Fourth Street No 200 Cincinnati OH 452023634 12230775 0 X www.knowledgeworks.org X 1991 OH By delivering innovative education approaches and advancing aligned policies, KnowledgeWorks activates and develops the capacity of communities and educators to imagine, build and sustain vibrant learning ecosystems that allow each student to thrive. 12 11 79 13 0 0 2539567 8698619 2838954 2676845 89701 91631 202890 123337 5671112 11590432 540138 1060325 0 0 6998774 6804232 0 0 398127 6286953 6502959 13825865 14367516 -8154753 -2777084 39292997 38932222 36604092 31554588 2688905 7377634 X Through our portfolio of school and community approaches, we provide innovative tools, training and assistance to school leaders, teachers and community stakeholders. - We change the way teaching and learning happens in our schools through early college high schools and personalized, competency-based education. We work to develop and help administrators and teachers implement innovative and more effective learning environments. - We educate legislators, policy makers, educators, business leaders and the community at large on future trends in teaching and learning, on the need for change, on potential policies to adopt and on the mechanisms needed to implement these ideas. - We invest in the Greater Cincinnati community through our support of StrivePartnership. An affiliate of KnowledgeWorks, StrivePartnership unites leaders from various sectors to support every child, every step of the way, cradle to career in the urban core of Greater Cincinnati. 0 0 2460254 784790 KW in Schools:From its inception, KnowledgeWorks has focused on creating personalized learning environments that engage K-12 students and help each individual thrive in college, career and civic life. Six years ago, KnowledgeWorks entered the national conversation about personalized, competency-based learning (PCBL) behind a concentration of thoughtful policy briefs focused on state and federal policy reform, aligned advocacy, and partner engagement. This body of work, combined with over 16 years of on-the-ground experience in innovative school design, implementation, continuous improvement and collective impact, quickly established KnowledgeWorks as a thought leader and trusted resource for policymakers and other organizations launching statewide and local PCBL initiatives. These leaders are now turning to KnowledgeWorks for instructional, assessment, and community engagement supports to inspire PCBL systemic implementation within local, regional, and state cohorts. As a result, in FY2019 KnowledgeWorks continued its support of policy and practice in the PCBL ecosystem. The organization implemented its professional development and technical assistance approaches, tools, strategies, and capacity development in approximately 19 districts (also known as learning communities) across the country. In addition, KnowledgeWorks began a partnership with the North Dakota Department of Public instruction to implement and scale PCBL in the state, consistent with NDDPIs Choice Ready vision. South Carolina and Arizona have also joined NDDPI in scaling PCBL statewide. By the close of FY2019, the KW in Schools team was working on systemic design and implementation projects within Arizona, Colorado, Connecticut, Michigan, Ohio, South Carolina, Minnesota, Maine, Indiana, New York, and North Dakota. These local, regional, and state-wide cohorts supported PCBL learning of nearly 82,000 learners within 163 schools. These impactful numbers suggest strong demand for personalized learning and PCBL services in FY2019 and beyond. 2664228 611600 84039 StrivePartnership: During FY2019, StrivePartnership continued to advance its work under the following systems-level strategies. Early Learning Alignment - creation of two collaborative action networks among early learning and service providers in Cincinnati and Northern Kentucky. These networks allow low-income families with children prenatal to kindergarten to be connected to high-quality health, development and social-emotional support services to accelerate improvement in learning and developmental outcomes. This strategy has impacted 19,069 children. Middle Grade Math - Working with Cincinnati Public Schools (CPS) administrators, principals, teachers and students, StrivePartnership is leveraging its experience in continuous quality improvement and its partnership with Cincinnati Childrens Hospital Medical Center to establish a comprehensive Network for School Improvement to improve 8th-grade math beginning in 10 CPS schools. K-12 / Postsecondary Data Agreements - StrivePartnership has facilitated a working group of institutional research staff from 12 regional colleges and universities to negotiate data-sharing agreements with CPS that define an extensive set of student data. Dashboards were created to help assess the effectiveness of initiatives targeted to improve college persistent rates, especially for Black students who fail to complete at a higher rate. The number of students impacted is 5,437. Ohio Achievement Goal Stopped-out Student Ground Game - StrivePartnership, in collaboration with Learn 2 Earn Dayton and Summit Education Initiative, worked to equip 6 Ohio cradle-to-career organizations to lead local strategies and state policy efforts to re-enroll residents who stopped-out of college before obtaining a degree. Talent Hub Career Pathway Initiative - StrivePartnership continued to deliver work as a designated Talent Hub supported by a 3-year grant from the Lumina Foundation that is focused on helping 1,400 local Black, Latinx and low-income single mothers pursue a post-secondary credential. 1485966 366000 63720 Policy & Advocacy: In FY2019, the Policy and Advocacy Team created three resources for the field: two resources for the College in High School Alliance and the State Policy Framework for Personalized Learning, including an anchor paper, a guide for policymakers navigating the future of learning, a guide to developing shared ownership, eight one-pager FAQ documents in collaboration with the communications team and a self-assessment for state policymakers. The Policy and Advocacy Team was also recognized by partners across the field through the opportunity to speak or present at five events and by writing or being quoted in six articles or newsletters. The team hosted an event with the Michigan Competency Consortium and provided supports around personalized learning plans for Washington, D.C.s EdCore. Additionally, the Policy and Advocacy Team saw multiple instances of adoption of their work during the year. KnowledgeWorks provided support for New Hampshires application for the Innovative Assessment Pilot which was approved by the United States Department of Education. The State Policy Framework for Personalized Learning and its accompanying resources informed elements of the Utah Department of Educations new strategic plan. Similarly, North Dakota and South Carolina formally signed on as a partner in the next phases of the statewide transformation work. KnowledgeWorks also informed a number of state-level bills in Indiana, Minnesota, Montana and South Carolina. 700988 2500 61987 Strategic Foresight:KnowledgeWorks continued to exercise national thought leadership around the future of learning through publications, partnerships, and stakeholder engagements. It published a set of three strategy guides on shaping the future of readiness in northeast, southeast, and southwest Ohio along with a toolkit, Building Support for Student-Centered Learning: A Toolkit for Shaping the Future. In addition, KnowledgeWorks published its fifth forecast on the future of learning, Navigating the Future of Learning; a set of videos previewing the drivers of change from that forecast; an executive summary of the forecast; a series of discussion guides designed to help various education audiences engage with it; and a related strategy guide, Navigating the Future of Learning: A Strategy Guide, which was informed by two workshops that KnowledgeWorks hosted. The organizations strategic foresight team continued to give presentations and to design and facilitate workshops based on these and earlier publications. Venues included the Thrival Festival along with the conferences of Grantmakers for Education, the Simon Youth Foundation, AdvancED Latin American, the National School Boards Association, and the Consortium for School Networking. KnowledgeWorks strategic foresight team also collaborated with partners to create a future simulation exploring the possibility of algorithm-driven hiring. In addition, KnowledgeWorks published a variety of articles related to the future of learning on other organizations platforms and, with its partner Capita, secured funding to complete most of the work on a forecast on the futures of young children and their families. A 2017 publication, The Future of Learning: Redefining Readiness from the Inside Out, won a 2018 Association of Professional Futurists Most Significant Futures Work award for analyzing a significant future issue. 653269 80225 185833 Research, Development & Grantmaking -- The Grant making program provided approximately $1.1 million in grants and contributions to 56 organizations. 1757031 1619813 Student Lending Programs KnowledgeWorks served approximately 1,900 students during the fiscal year through its student lending programs. 3111288 82725 1867633 9721736 1 1 0 1 0 0 0 0 0 0 1 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 88 0 1 79 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 12 11 1 1 1 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X X Holly Brinkman 5139291141 One West Fourth Street Cincinnati OH 452023634 Lucie Lapovsky Chair of the Board 2.00 1.00 X 0 0 0 Lizzette Gonzalez-Reynolds Vice Chair of the Board 2.00 0.00 X 0 0 0 Becky van der Bogert Director (Start 5/17/19) 2.00 0.00 X 0 0 0 Mark Brown Director (End 6/11/19) 2.00 1.00 X 0 0 0 Stephen Dackin Director (End 11/3/18) 2.00 0.00 X 0 0 0 Sean Decatur Director 2.00 0.00 X 0 0 0 Thomas Fry Director 2.00 1.00 X 0 0 0 Lillian Lowery Director 2.00 0.00 X 0 0 0 Steven Minter Director 2.00 1.00 X 0 0 0 Jorge Perez Director (Start 5/17/19) 2.00 0.00 X 0 0 0 Eileen Rudden Director 2.00 1.00 X 0 0 0 Brenda Shum Director 2.00 0.00 X 0 0 0 Victor Young Director 2.00 0.00 X 0 0 0 Charles Ambrose President & CEO (Start 9/3/18) 39.00 1.00 X X 109537 0 12843 Holly Brinkman COO & VP of Finance 37.00 3.00 X 253923 0 54367 Matt Williams Start 81518 EVP & Chief Strategy Offr 39.00 1.00 X 233067 0 44104 Virgel Hammonds Chief Learning Officer 40.00 0.00 X 221695 0 45460 Byron White VP & Executive Director, SP 40.00 0.00 X 218336 0 38579 Lillian Pace VP Policy & Advocacy 40.00 0.00 X 176104 0 19252 Michael DiMaggio VP Ptrshps & Devlpmt 40.00 0.00 X 243715 0 34332 Cris Charbonneau VP Marketing & Communications 40.00 0.00 X 224844 0 27774 Whayne Herriford Sr Director, Talent Mgmt 40.00 0.00 X 147314 0 27243 Stephen Myers Sr Director, Info Technology 40.00 0.00 X 150158 0 22091 John E Dean Former Director 0.00 0.00 X 71730 0 0 Penny Friedman Former Director 0.00 0.00 X 35499 0 0 Richard Riley Former Director 0.00 0.00 X 32681 0 0 Joseph P Tomain Former Director 0.00 0.00 X 60108 0 0 Judith A Peppler Former President & CEO (End 6/30/18) 39.00 1.00 X 699255 0 25569 2877966 0 351614 18 1 1 0 Frost Brown Todd LLC 301 E 4th St Suite 3300 Cincinnati OH 45202 Legal Services 188294 Deloitte & Touche LLP 250 E Fifth Street Suite 1900 Cincinnati OH 45202 Audit and Tax Services 184000 Isaacson Miller Inc 1300 19th St NW Washington DC DC 20036 Executive Recruiting Services 153551 Penn Hill Group LLC 777 6th St NW 500 Washington DC DC 20001 Education Advocacy Consulting 107000 4 8698619 8698619 Int on Student Loans 611710 1496476 1496476 Fees for Services 611710 1109690 1109690 KWI Admin Fees 611710 70679 70679 2676845 83377 83377 648597 640343 8254 8254 8254 Servicing Fee Income 611710 123337 123337 123337 11590432 2800182 0 91631 X 1060325 1060325 1443289 963202 362294 117793 4234974 2278735 1735888 220351 320798 199041 107713 14044 414634 257491 137311 19832 390537 241731 122699 26107 173664 173664 136468 11712 124756 202646 24900 177746 1500 1500 1662137 1413612 248525 60161 15290 44871 209818 122308 87510 266057 30706 235351 374778 58700 316078 934889 807468 127421 323401 289743 33658 885364 885364 155849 4526 151323 147738 147738 Cons Rebate Fees 306245 306245 Student Loan Amort 303286 303286 Loan Svc & Trustee Fees 237236 237236 Training & Development 45429 19738 25691 76293 15213 61080 14367516 9721736 4247653 398127 3216787 4378792 1192294 1406648 819027 4539605 120723 421390 286371 215576 2831906 2537219 414402 294687 975914 345528 30848213 26022812 1419266 1307184 39292997 38932222 3170375 2338020 126733 96679 26821235 21824332 6485749 7295557 36604092 31554588 X -427437 -1086660 3116342 8464294 2688905 7377634 39292997 38932222 X -2777084 -34853 7500666 X 0 1 X 1 0 X 15752459 13190986 19450804 12062316 16480472 76937037 8264397 4684727 3787735 2838954 2676845 22252658 24016856 17875713 23238539 14901270 19157317 99189695 10031205 9312906 10224162 9640162 9148210 48356645 494693 876759 144298 47193 1562943 10525898 10189665 10368460 9687355 9148210 49919588 49270107 2071 1804 45970 87713 83377 220935 2071 1804 45970 87713 83377 220935 263463 219672 224164 202890 123337 1033526 24282390 18097189 23508673 15191873 19364031 100444156 0.49050 0.57390 0.00220 0.00140 X Schedule A, Part III, Line 12, Explanation of Other Income: Securities Litigation Income NFP Servicing Fee Income RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 30965 30965 9690639 9721604 636080 159020 0 0 881957 1000000 585872 636080 3103909 4655864 44387 165570 37568 30965 278490 220489 250000 146468 159020 775977 1163966 Part I-A and I-B: These sections are Not Applicable" as KnowledgeWorks Foundation does not participate in or intervene in (including the publishing or distributing of statements), any political campaign on behalf of (or in opposition to) any candidate for public office. 1328338 1121403 206935 791966 743514 48452 711602 672302 39300 294687 Student Loan Receivables, Net of Unamortized Loan Acquisition Costs 26022812 C 26022812 Interest Payable 73250 Student Loan Program Residual 7222307 7295557 X Part X, Line 2: The Foundation has analyzed tax positions taken for filing with the IRS and all state jurisdictions where it operates. The Foundation believes that income tax filing positions will be sustained upon examination and does not anticipate any adjustments that would result in a material adverse effect on the Foundations financial position, statement of activities, or cash flows. Accordingly, the Foundation has not recorded any reserves or related accruals for interest and penalties for uncertain income tax positions at June 30, 2019 and 2018. In the event interest and penalties accrued on unrecognized tax benefits, the Foundation would recognize such amounts as a component of income tax expense. 1 Children's Hospital Medical Center 3333 Burnet Avenue MLC 4900 Cincinnati OH 45229 310833936 501(c)(3) 394900 Support for Imagination Library & 8th Grade Proficiency Programs National Alliance of Concurrent Enrollment Partnerships Inc PO Box 578 Chapel Hill NC 27514 161609101 501(c)(3) 140000 Increase high-quality college in high school experiences Cincinnati Public Schools 2651 Burnet Avenue Cincinnati OH 45219 316000758 Government Entity 100000 Support for 8th Grade Math Proficiency Program Jobs for the Future 88 Broad St 8th Floor Boston MA 02110 061164568 501(c)(3) 100000 Increase high-quality college in high school experiences Bard College PO Box 5000 Annadale on Hudson NY 12504 141713034 501(c)(3) 65000 Increase high-quality college in high school experiences United Way of Greater Cincinnati 2400 Reading Road Cincinnati OH 45202 310537502 501(c)(3) 43000 Support for Cincinnati Talent Hub & 2019 annual sponsorship Middle School National Consortium 100 Bank St Suite 3D New York NY 10014 043608107 501(c)(3) 35000 Increase high-quality college in high school experiences Education Service Center of Northest Ohio 6393 Oak Tree Boulevard Suite 300 Independence OH 44131 346000814 Government Entity 25000 Improve graduation rates and 3rd grade reading in Ohio Winton Woods City School District 825 Waycross Road Suite A Cincinnati OH 45240 316000809 Government Entity 20000 Support for 8th Grade Math Proficiency Program GlobalMindED 1530 High Street Denver CO 80218 465644464 501(c)(3) 15000 Sponsor 2019 National Convening College Now Greater Cleveland Inc 50 Public Square St 1800 Cleveland OH 44113 346580096 501(c)(3) 11000 Support postsecondary education attainment in Ohio Eastern Ohio P-16 Partnership for Education 4314 Mahoning Ave NW Warren OH 44483 352382445 501(c)(3) 11000 Support postsecondary education attainment in Ohio Learn to Earn Dayton 4801 Springfield St Dayton OH 45431 810823777 501(c)(3) 11000 Support postsecondary education attainment in Ohio Muskingum Valley ESC 205 N Seventh St Zanesville OH 43701 311525731 Government Entity 11000 Support postsecondary education attainment in Ohio Stark Education Partnership 400 Market Ave N Suite B-Plaza Canton OH 44702 341625250 501(c)(3) 11000 Support postsecondary education attainment in Ohio Summit Education Initiative 120 E Mill St Suite 300 Akron OH 44308 341843220 501(c)(3) 11000 Support postsecondary education attainment in Ohio 16 0 Part I, Line 2: KnowledgeWorks maintains a system of records on grantmaking that includes: date of request, eligibility of grantee, contact information, date grant was awarded or denied, grant purpose, grant budget, electronic copy of executed grant agreement and required financial reports and due dates. The grants manager provides periodic reporting to Program Directors and follows up with grantees when required financial reporting is due. X 1 1 X X X X X 0 1 0 0 0 0 0 1 0 Holly Brinkman COO & VP of Finance 201045 0 49767 0 3111 0 22000 0 32367 0 308290 0 0 0 Matt Williams Start 81518 EVP & Chief Strategy Offr 194131 0 35800 0 3136 0 19047 0 25057 0 277171 0 0 0 Virgel Hammonds Chief Learning Officer 179281 0 39258 0 3156 0 18303 0 27157 0 267155 0 0 0 Byron White VP & Executive Director, SP 168952 0 45218 0 4166 0 17634 0 20945 0 256915 0 0 0 Lillian Pace VP Policy & Advocacy 151485 0 21615 0 3004 0 14252 0 5000 0 195356 0 0 0 Michael DiMaggio VP Ptrshps & Devlpmt 199074 0 40950 0 3691 0 19092 0 15240 0 278047 0 0 0 Cris Charbonneau VP Marketing & Communications 183044 0 38449 0 3351 0 17657 0 10117 0 252618 0 0 0 Whayne Herriford Sr Director, Talent Mgmt 124847 0 18068 0 4399 0 11937 0 15306 0 174557 0 0 0 Stephen Myers Sr Director, Info Technology 129190 0 18200 0 2768 0 12000 0 10091 0 172249 0 0 0 Judith A Peppler Former President & CEO (End 6/30/18) 169894 0 75891 0 453470 0 13750 0 11819 0 724824 0 447209 0 Part I, Line 1a The Foundation maintains membership in a local social club in the name of the President & CEO. This membership is a business membership for the benefit of the Foundation. As such, the monthly dues are paid by the Foundation. Any personal use is paid by the President & CEO. Part I, Line 4b: KnowledgeWorks established a Section 457(f) Deferred Compensation Plan for the President & CEO. Annual employer contributions are made to the Plan based on eligibility requirements of the Plan documents and are subject to a defined vesting schedule. This plan was terminated, effective 7/1/19. Judith Peppler received a payout of $447,209. Part I, Line 7: KnowledgeWorks offers an individual incentive based bonus program, where the annual payout is determined by achievement of established objectives. Form 990, Part VI, Section A, line 2 Certain KnowledgeWorks Foundation board members are also members of the boards of certain KnowledgeWorks Foundation affiliates. These overlapping board memberships constitute a "business relationship" as defined by the Form 990 instructions. Form 990, Part VI, Section A, line 3 KnowledgeWorks Foundation contracted with Nelnet to administer its student lending programs. Form 990, Part VI, Section A, line 4 During the tax year, KnowledgeWorks amended its regulations to break out the Operations Committee into the Finance and Investment Committee and the Human Resources and Compensation Committee. Form 990, Part VI, Section B, line 11b After completion by the preparer, the draft Form 990 is reviewed by the Accounting Director and the COO/VP of Finance. The final draft of the Form 990 is reviewed with the Audit Committee. After it receives the approval of the Audit Committee, the final Form 990 is distributed to all members of the Board of Directors before it is filed. Form 990, Part VI, Section B, line 12c On an annual basis a Conflict of Interest questionnaire is completed by directors, officers and key employees and reviewed by management. Items reported are discussed with Legal Counsel, who advises management and the board of any required actions. The Conflict of Interest Policy is distributed with the annual questionnaire and is also accessible on the secure director's portion of the Foundation's website. Form 990, Part VI, Section B, line 15 The compensation of the CEO, other officers, and key employees are set by the Compensation Committee of the Board of Directors utilizing a compensation study performed by an independent compensation consulting firm comparing similar positions in similar organizations, including review of Form 990s for other organizations. Members of the Board of Directors have in the past received reasonable compensation for their services as members of the Board of Directors. Form 990, Part VI, Section C, line 19 The consolidated financial statements of KnowledgeWorks Foundation and its subsidiaries are available on the KnowledgeWorks Foundation website. KnowledgeWorks Foundation's Form 990 is also available on its own website. The governing documents and Conflict of Interest policy are available upon request. Form 990, Part IX, line 11g Business Consultants: Program service expenses 0. Management and general expenses 119,079. Fundraising expenses 0. Total expenses 119,079. Marketing & Communications: Program service expenses 20,570. Management and general expenses 109,715. Fundraising expenses 0. Total expenses 130,285. Payroll & Benefits: Program service expenses 0. Management and general expenses 17,681. Fundraising expenses 0. Total expenses 17,681. Technology: Program service expenses 38,720. Management and general expenses 2,000. Fundraising expenses 0. Total expenses 40,720. Advocacy: Program service expenses 314,608. Management and general expenses 0. Fundraising expenses 0. Total expenses 314,608. Data & Evaluation: Program service expenses 425,402. Management and general expenses 0. Fundraising expenses 0. Total expenses 425,402. Teaching & Learning Consultants: Program service expenses 490,377. Management and general expenses 0. Fundraising expenses 0. Total expenses 490,377. StrivePartnership School Coaches: Program service expenses 32,123. Management and general expenses 0. Fundraising expenses 0. Total expenses 32,123. Strategic Foresight Consulting: Program service expenses 85,714. Management and general expenses 0. Fundraising expenses 0. Total expenses 85,714. Other: Program service expenses 6,098. Management and general expenses 50. Fundraising expenses 0. Total expenses 6,148. Form 990, Part XI, line 9: Unrealized loss on liability for student loan residual -829,141. Amortization of discount on student loans 547,954. Transfer from Tax-Exempt Subsidiary - KWI 7,781,853. StrivePartnership LLC One West Fourth Street Suite 200 Cincinnati OH 45202 812523349 Improve education for every child through data-driven, collective impact OH 2577702 3640492 KnowledgeWorks Foundation KWSL LLC One West Fourth Street Suite 200 Cincinnati OH 45202 510560916 Directs student lending operations OH 0 0 KnowledgeWorks Foundation KWI One West Fourth Street Suite 201 Cincinnati OH 45202 311776354 Supporting Organization OH 501(c)(3) Schedule A, Line 12a KnowledgeWorks Foundation 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 1 0 1 KWI S 7781853 Actual Amount of Cash Transfer KWI Q 55079 Actual Costs of KWI Expenses