2018-05-15T14:02:47-05:00 2017-06-30 861065772 Deloitte Tax LLP 250 East Fifth Street Suite 1900 Cincinnati OH 45202 990 2016-07-01 311321973 KnowledgeWorks Foundation KNOW 5139294777 One West Fourth Street No 200 Cincinnati OH 452023634 William L McNeese VP CFO & Treasurer 5139294777 2018-05-15 1 Rebecca Lyons P01487105 5137847100 2016 2022-09-23 18:48:47Z Judith A Peppler One West Fourth Street No 200 Cincinnati OH 452023634 13622297 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. 8 7 112 8 0 0 3941377 9327202 4684727 3787735 1804 50077 219672 224164 8847580 13389178 1911693 10151335 0 0 9106971 7926330 0 0 219494 9212361 9339264 20231025 27416929 -11383445 -14027751 51839226 43162817 47074366 41769393 4764860 1393424 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. 0 1 3297712 100000 1608846 KW in Schools:From its inception, KnowledgeWorks has focused on creating personalized learning environments that engage students and help each individual thrive in college, career and civic life. Four years ago KnowledgeWorks entered the national conversation about personalized, competency-based learning (PCBL) behind a concentration of thoughtful policy briefs focused on federal policy reform, aligned advocacy, and partner engagement. This body of work, combined with over 15 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 support bringing to life the PCBL communities that their policies have enabled. As a result, in FY17 KnowledgeWorks continued to move from policy to practice in the PCBL space. The organization continued to develop a technical assistance approach and tested this approach in two pilot sites across the country. Third-party evaluator, RMC, provided baseline and formative data from the pilot sites in Augusta, Maine and Marysville, Ohio. Lessons learned through the analysis of interventions and outcomes in these sites will guide the design and implementation of KnowledgeWorks' new portfolio of PCBL products and services. By the close of FY17, the personalized learning and CBE team were working on implementation projects in Colorado, Michigan, Ohio, South Carolina and Minnesota, suggesting strong demand for personalized learning and PCBL services in FY18 and beyond. 12624263 9257263 659411 StriveTogether, LLC: StriveTogether convenes a national Network of 70 cradle to career collective impact partnerships spanning 32 states and the District of Columbia. In total, these partnerships and the more than 10,200 organizations involved in them serve approximately 8.2 million children. The StriveTogether Theory of Action, which is a set of quality benchmarks for building cradle to career collective impact partnerships, continues to be used to help guide partnerships and assess their progress toward achieving sustained systems change and improvement in student outcomes.StriveTogether provides strategic assistance to communities to help to achieve benchmarks within the Theory of Action and accelerate efforts to improve outcomes and eliminate educational disparities. StriveTogether also provides support to its network of communities through webinars, convenings, and facilitation of an online learning hub called the Partner Portal, which includes, resource and interactive toolkits. During the fiscal year, StriveTogether hosted 9 webinars and organized 15 events/programs for Network members including its Annual Convening, trainings in Results Based Leadership, Results Based Facilitation, Continuous Quality Improvement and Policy. StriveTogether convened role-alike communities of practice for Partnership Directors and Data Managers. In addition, StriveTogether released 42 new resources, including examples, stories and tools to support partnership development and progress on topics such as systems change, mental models, equity, communications, engaging school districts, policy, journey mapping and continuous improvement. StriveTogether also contributed to thought leadership related to collective impact through six publications, 18 stories of impacts and numerous other articles and blogs. 1615644 248633 1000 StrivePartnership:In FY2017, StrivePartnership completed cohort 2 and confirmed plans and resources for cohort 3 of ImpactU - an improvement science course for local systems leaders. StrivePartnership also facilitated several Cincinnati Public School (CPS) District Superintendent's Leadership Meetings and Retreats and a redesign session with the Family and Community Engagement Department. StrivePartnership trained 30+ CPS staff and Community Learning Center Resource Coordinators on Results Based Leadership and helped to support more than 20 partners thru coaching, training and facilitation. A refined data dashboard for Math Lab at local high schools was completed as well as enhancements to the Learning Partner Dashboard, a software system that was developed by StrivePartnership and CPS to bring together student level demographic, behavioral and performance data. 2749972 309077 13750 Policy & Strategic Foresight:In fiscal year 2017, KnowledgeWorks worked closely with policymakers, national organizations, and other education stakeholders to drive demand for personalized learning, especially with regard to the passing of Every Student Succeeds Act (ESSA). Throughout the year, KnowledgeWorks worked deeply with several state departments of education and additional state-level constituents including our home state of Ohio, Minnesota, South Carolina, Kentucky, North Dakota, Texas, and Indiana; on aligning strategies to provide districts with the flexibility to scale personalized learning. At the federal level, KnowledgeWorks worked closely with USED on shaping the regulations to support the implementation of ESSA. KnowledgeWorks also released several pieces of guidance to help states leverage the opportunities in the law to design education systems that align accountability, school improvement, assessment, educator workforce, and extended learning opportunity policies to create a cohesive system that prepares all students for success from cradle to career. KnowledgeWorks published a presidential transition memo focused on scaling personalized and competency-based learning. Additionally, the policy team received a grant from Nellie Mae Education Foundation to focus on innovative assessment. KnowledgeWorks continued to exercise national thought leadership around the future of learning through publications, partnerships, and stakeholder engagements. Key publications and presentations were aligned to KnowledgeWorks' fourth comprehensive forecast on the future of learning launched the previous fiscal year, The Future of Learning: Education in the Era of Partners in Code. Aligned to the forecast, the team hosted implications workshops focused on K-12, postsecondary, and the informal learning space. These workshops spawned aligned publications including strategy guides for K-12 educators. KnowledgeWorks hosted a student design competition called, Imagine FutureEd and launched a publication entitled, Redefining Readiness. Additionally, the team worked deeply with the city of Pittsburgh and the organization Remake Learning on multiple events and a regional publication. 1765826 0 1725050 Student Lending Programs:KnowledgeWorks served approximately 2,300 students during the fiscal year through its student lending programs. 616344 236362 Grantmaking:The Grant making program provided approximately $3.1 million in grants and contributions to 91 organizations. 5132142 545439 1738800 22669761 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 1 135 0 1 112 1 0 0 0 0 0 0 0 0 0 0 X 8 7 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 Suite 200 Cincinnati OH 452023634 Steven Minter Chair of the Board 2.00 2.00 X 0 0 0 John E Dean Chair of the Board (End 7/16) 2.00 2.00 X 0 0 0 Deborah Delisle Vice Chair (End 1/17) 2.00 0.00 X 0 0 0 Stephen Dackin Director 2.00 0.00 X 0 0 0 Thomas Fry Director 2.00 0.00 X 0 0 0 Hon Nathaniel R Jones Director 2.00 0.00 X 0 0 0 Lucie Lapovsky Director 2.00 0.00 X 0 0 0 Lizzette Reynolds Director 2.00 0.00 X 0 0 0 Eileen Rudden Director 2.00 1.00 X 0 0 0 Judith A Peppler President & CEO 38.00 2.00 X X 454061 0 131526 Catherine Allshouse COO & Secretary 40.00 0.00 X 232922 0 47783 Holly Brinkman VP CFO & Treasurer 33.00 7.00 X 221668 0 51956 Meredith Meyer Chief of Staff/VP Talent 40.00 0.00 X 168987 0 34073 Virgel Hammonds Chief Learning Officer 40.00 0.00 X 183114 0 45320 Matt Williams VP Policy & Advocacy 40.00 0.00 X 188836 0 45680 Jeff Edmondson Managing Dir. StriveTogether 40.00 0.00 X 221570 0 45367 Jennifer Blatz Deputy Dir. StriveTogether 40.00 0.00 X 147925 0 45914 Harold Brown Sr Offr Adv of Underservd Lr 40.00 0.00 X 228253 0 47926 Deborah Howard Chief Operating Officer EdWorks 40.00 0.00 X 149001 0 25678 Lillian Pace Sr. Dir. National Policy 40.00 0.00 X 158114 0 21180 Cris Charbonneau VP Marketing & Communications 40.00 0.00 X 211877 0 30054 2566328 0 572457 23 0 1 0 Frost Brown Todd LLC 301 E 4th Street 3300 Cincinnati OH 45202 Legal Services 328719 Deloitte & Touche LLP 250 E Fifth Street Suite 1900 Cincinnati OH 45202 Audit & Accounting Services 192000 The Riley Institute at Furman University 3300 Poinsett Highway Greenville SC 29613 Educational Services 186775 Equal Measure 1528 Walnut Street Suite 805 Philadelphia PA 19102 Consulting Services for StriveTogether 184601 NEPC LLC 255 State Street Boston MA 02109 Investment Advisor Services 150000 8 819375 8507827 9327202 Fees for Services 611710 2182447 2182447 Int on Student Loans 611710 1504728 1504728 KWI Admin Fees 611710 100560 100560 3787735 45970 45970 237226 233119 4107 4107 4107 Servicing Fee Income 611710 220322 220322 Securities Litigation 611710 3842 3842 224164 13389178 4008057 0 53919 10151335 10151335 1826308 1220113 456922 149273 4902823 3086164 1764793 51866 372679 238894 125586 8199 362524 224594 130925 7005 461996 312337 146508 3151 3278756 3085583 193173 452574 257944 194630 203286 32253 171033 117617 117617 129096 77285 51811 226785 133128 93657 331893 68310 263583 406494 119527 286967 1269751 1136530 133221 563774 516936 46838 669597 669597 217136 15903 201233 150885 150885 Cons Rebate Fees 428519 428519 Student Loan Amort 411083 411083 Loan Svc/Trustee Fees 233447 233447 Training & Development 118961 89119 29842 129610 43543 86067 27416929 22669761 4527674 219494 4881585 2682980 1329421 1144773 1048020 847880 586529 74480 359452 416321 2776693 2183949 763202 592744 812031 956191 40322292 35094488 1736694 1352960 51839226 43162817 4217604 4130441 178142 525268 37605912 31383834 5072708 5729850 47074366 41769393 X 326928 -1161741 4437932 2555165 4764860 1393424 51839226 43162817 X -14027751 88069 10568246 X 0 1 X 1 1 1 X 13176203 6616011 15752459 13190986 19450804 68186463 19928022 15375892 8264397 4684727 3787735 52040773 33104225 21991903 24016856 17875713 23238539 120227236 9806454 1259974 10031205 9312906 10224162 40634701 715739 678711 494693 876759 144298 2910200 10522193 1938685 10525898 10189665 10368460 43544901 76682335 29505 5181 2071 1804 45970 84531 29505 5181 2071 1804 45970 84531 693780 275326 263463 219672 224164 1676405 33827510 22272410 24282390 18097189 23508673 121988172 0.62860 0.63860 0.00070 0.00080 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 165570 165570 22504191 22669761 1000000 250000 0 0 881957 1000000 1881957 2822936 44387 165570 209957 220489 250000 470489 705734 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 956329 372009 778971 661262 117709 669384 566358 103026 592744 Student Loan Receivables, Net of Unamortized Loan Acquisition Costs 35094488 C 35094488 Interest Payable 70637 Student Loan Program Residual 5659213 5729850 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 Foundation's 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, 2017 and 2016. 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 All Hands Raise 2069 NE Hoyt St Portland OR 97232 931149789 501(c)(3) 96500 Cradle to Career Network and Evaluation Support Bonds of Union PO Box 198027 Cincinnati OH 45219 811200552 501(c)(3) 10000 CPS School-Based Tutoring Planning/Pilot Cincinnati Public Schools 2651 Burnet Avenue Cincinnati OH 45219 316000758 Gov't Entity 10000 Funding for Enhancements to Learning Partner Dashboard Tool Cincinnati Youth Collaborative 301 Oak Street Cincinnati OH 45219 311204406 501(c)(3) 6295 2017 Sponsorship & Dream Makers Celebration Clarendon School District One 12 S Church St PO Box 38 Summerton SC 29148 570481945 Gov't Entity 166175 Teacher Professional Development, Training and Technology Support Colleton County School District 213 N Jefferies Blvd Walterboro SC 29488 576000338 Gov't Entity 71026 Teacher Professional Development, Training and Technology Support Community Center for Education Results 1200 12th Ave Suite 701 Seattle WA 98144 271667560 501(c)(3) 75000 Cradle to Career Network Support Community Foundation for the National Capital Region 1201 15th St NW Suite 420 Washington DC 20005 237343119 501(c)(3) 77500 Cradle to Career Network and Evaluation Support Convergence Center for Policy Resolution 1133 19th St NW Washington DC 20036 320280279 501(c)(3) 25000 Support Education Reimagined Project Council of Chief State School Officers One Massachusetts Ave NW Washington DC 20001 530198090 501(c)(3) 99000 Business Partner Support and Teacher of the Year DePaul Cristo Rey High School DePaul Corporate Work Study Program 1133 Clifton Hills Ave Cincinnati OH 45220 272417727 501(c)(3) 8000 Corporate Work Study Program Education Commission of the States 700 Broadway Suite 810 Denver CO 802033460 310722194 501(c)(3) 15000 2017 National Forum on Education Policy EduInnovation 616 SW 293rd St Federal Way WA 98023 272643961 501(c)(3) 26876 Sponsorship Future of Readiness Workshop Greater Milwaukee Foundatoin 101 W Pleasant St Ste 210 Milwaukee WI 53212 396036407 501(c)(3) 77500 Cradle to Career Network and Evaluation Support The Jones Family Foundation 419 Bush St Red Wing MN 55066 453069865 501(c)(3) 76000 Cradle to Career Network and Evaluation Support Long Now Foundation Fort Mason Center Bldg A 2 Marina Blvd San Francisco CA 94123 680384748 501(c)(3) 10000 Long-Term Thinking Education Northern Kentucky Education Council 7310 Turfway Road Suite 115 Florence KY 41042 203105862 501(c)(3) 10000 Excellence in Education Northern Kentucky University AC 235 Nunn Dr Highland Heights KY 41099 611010545 Gov't Entity 9500 Summer Spark Program & Center of Applied Informatics People First Partnership 600 Jefferson Ave Suite 310 Memphis TN 38105 452464843 501(c)(3) 155000 Cradle to Career Network Support Spartanburg Academy Movement 101 W Saint John St Spartanburg SC 29306 452104341 501(c)(3) 78500 Cradle to Career Network and Evaluation Support StriveTogether Inc 125 E Ninth St 2nd Floor Cincinnati OH 45202 813380647 501(c)(3) 8451263 General Operating Support for StriveTogether Teach for America 315 W 36th St 8th Floor New York NY 10018 133541913 501(c)(3) 20000 Support Inequity in Schools Project The Interalliance of Greater Cincinnati 10290 Alliance Rd Cincinnati OH 45242 208444742 501(c)(3) 15500 Tech Olympics & Team Sponsorship The Ohio Organizing Collaborative 25 E Boardman St Suite 428 Youngstown OH 44503 261601472 501(c)(3) 14000 Preschool Promise Support United Way of Greater Cincinnati 2400 Reading Rd Cincinnati OH 45202 310537502 501(c)(3) 163000 Feasibility Study of a Pay for Success Model United Way of Racine 2000 Domanik Dr Racine WI 53404 390806349 501(c)(3) 150000 Cradle to Career Network Support University of Cincinnati Foundation PO Box 19970 Cincinnati OH 452190970 310896555 501(c)(3) 139383 Support School of Info Tech 27 0 Part I, Line 2: KnowledgeWorks Foundation ("KWF") uses the MicroEdge Gifts software system to maintain grantmaking records. Data tracked by KWF 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 Judith A Peppler President & CEO 355865 0 93360 0 4836 0 106500 0 25026 0 585587 0 0 0 Catherine Allshouse COO & Secretary 194975 0 35115 0 2832 0 23852 0 23931 0 280705 0 0 0 Holly Brinkman VP CFO & Treasurer 184686 0 34170 0 2812 0 23210 0 28746 0 273624 0 0 0 Meredith Meyer Chief of Staff/VP Talent 135402 0 31439 0 2146 0 8935 0 25138 0 203060 0 0 0 Virgel Hammonds Chief Learning Officer 161069 0 19256 0 2789 0 19193 0 26127 0 228434 0 0 0 Matt Williams VP Policy & Advocacy 157087 0 28936 0 2813 0 19654 0 26026 0 234516 0 0 0 Jeff Edmondson Managing Dir. StriveTogether 185462 0 33260 0 2848 0 22591 0 22776 0 266937 0 0 0 Jennifer Blatz Deputy Dir. StriveTogether 129275 0 16233 0 2417 0 15992 0 29922 0 193839 0 0 0 Harold Brown Sr Offr Adv of Underservd Lr 190075 0 34852 0 3326 0 23395 0 24531 0 276179 0 0 0 Deborah Howard Chief Operating Officer EdWorks 130613 0 15159 0 3229 0 14896 0 10782 0 174679 0 0 0 Lillian Pace Sr. Dir. National Policy 139292 0 16175 0 2647 0 15973 0 5207 0 179294 0 0 0 Cris Charbonneau VP Marketing & Communications 177906 0 31106 0 2865 0 21129 0 8925 0 241931 0 0 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. 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 III, line 3 On March 31, 2017, the Foundation contributed StriveTogether, LLC to StriveTogether, Inc., an independent non-profit organization. The activity of StriveTogether, LLC has been included in the 2016 Form 990 through the date of transfer. 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 consolidate the Finance and Investment Committee and the Human Resources and Compensation Committe into an Operations Committee; eliminate the Development Committee; expand the Executive Committee's role to include an advisory function for the Chair and CEO and amended the term of the Board Chair. 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 CFO. 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 Conflicts 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. 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 XI, line 9: Release of Restricted Funds 0. Unrealized Loss on Liability for Student Loan Residual -649,694. Amortization of Discount on Student Loans 729,390. Gain on Contribution of StriveTogether, LLC 364,948. Transfer from Tax-Exempt Subsidiary - KWI 10,123,602. StrivePartnership LLC One West Fourth Street Suite 200 Cincinnati OH 45202 812523349 Implement Best Practices for Student Success OH 1109776 1990165 KnowledgeWorks Foundation EDWorks LLC One West Fourth Street Suite 200 Cincinnati OH 45202 272300265 Effective Long-Term High School Improvement Solutions OH 499143 207426 KnowledgeWorks Foundation KWSL LLC One West Fourth Street Suite 200 Cincinnati OH 45202 510560916 Directs Student Lending Operations OH 223437 36829 KnowledgeWorks Foundation KWI One West Fourth Street Suite 200 Cincinnati OH 45202 311776354 Supporting Organization OH Section 501(c)(3) Schedule A, Line 12a KnowledgeWorks Foundation 1 KnowledgeFunding Ohio Inc One West Fourth Street Suite 200 Cincinnati OH 45202 201888000 Supporting Organization OH Section 501(c)(3) Schedule A, Line 10 KnowledgeWorks Foundation 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 1 0 1 KWI S 10123602 Actual Amount of Cash Transfer KWI Q 150000 Investment Advisor Fee KWI Q 81209 Actual Costs of KWI Expenses