Knowledge Systems Institute EIN 36-3085682

Knowledge Systems Institute FY2022 filing

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Offers educational programs to empower individuals. For fiscal year 2022 it reported $220K in revenue, $499K in expenses, and $3.9M in net assets.Pt I

Type
Private foundation / grantmaker · Education
Location
Skokie, IL
Website
www.ksi.edu
Filings
5 on file (2020–2022)
Revenue
$220KFY2022
Expenses
$499K
Net assets
$3.9M
People
7
Filings
5
Updates
0
More identity details & actions ⌄
EIN  36-3085682 Private foundation / grantmaker Skokie, IL
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Offers educational programs to empower individuals.
Leadership
Judy Chang · Director of Finance · $110K
Money in and out
$220K revenue, $499K expenses
Bottom line
66% program efficiency
Grants paid & assets · FY2022
Total revenue
$220K
Pt VIII · Ln 12
Total expenses
$499K
Pt IX · Ln 25
Net assets
$3.9M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$279K
Where spending went · Part IX cols B–D
Program services $0.66 Management & general $0.34
Program efficiency
66%
of spending reaches programs
Operating runway
85.9mo
months of highly liquid reserves at operating expense rate
Surplus margin
-127%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$220K
FY2022▼ -34%
Expenses
$499K
FY2022▲ +22%
Total assets
$3.9M
FY2022▼ -18%
Total liabilities
$10K
FY2022▲ +72%
Total revenue
$220K
Pt VIII · Ln 12
Total expenses
$499K
Pt IX · Ln 25
Net assets
$3.9M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$279K
Total assetsPt X · Ln 16$3.9M
Program-expense ratioPt IX · col B66%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

1 program service account for $331K of program spending, described in the organization's own filed words · FY2022.
01

Ksi purpose is to engage low income girls in technology, entrepreneurship, and science to foster leadership and continuing interest in education. Ksi disseminates funds to foster leadership and continuing interest in stem subjects and entrepreneurship among girls.

$331Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CKnowledge Systems Institute
EINHdr · item D36-3085682
Principal addressHdr · item CSkokie, IL
WebsiteHdr · item Jwww.ksi.edu
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B05)
Ruling yearIRS BMFMay 1988

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Director of Finance
$110,000Pt VII · Sec A
Executive Director
$36,294Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Chair, Treasurer, and Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2022FY2021FY2020
Gabriel Smith$123,600$123,600
Judy Chang$110,000
Judy Change$100,000$103,780
Cybele Chang$36,294

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Investment income$217K · 98%
Other revenue$3K · 2%
Investment income98%$217K
Other revenue2%$3K
Total revenueLn 12$220K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.66 Management & general $0.34
Program services66%$331K
Management & general34%$169K
Total functional expensesLn 25$499K

Balance Sheet

Part X · end of year
CashLn 1$221K
Total assetsLn 16$3.9M
Total liabilitiesLn 26$10K
Total net assetsLn 32$3.9M
Months of cash on handcomputed5.3

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $3.6M · Operating expenses/yr $499K
85.9 months
Where the money goes
Program services
Program services $331K · Total expenses $499K
66%
Management & General
Management & general $169K · Total expenses $499K
34%
Fundraising
Fundraising $0 · Total expenses $499K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $220K
0%
Government reliance
Government grants — · Total revenue $220K
Earned-income share
Program service revenue $0 · Total revenue $220K
0%
Investment reliance
Investment income $217K · Total revenue $220K
+98%
Program self-sufficiency
Program service revenue $0 · Total expenses $499K
0%
Growth & trend
Revenue growth (YoY)
This year $220K · Prior year $333K
-34%
Net-asset trend (YoY)
End of year $3.9M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $220K · Expenses $499K
-127%
Liabilities-to-Assets
Total liabilities — · Total assets $3.9M
Net-asset ratio
Net assets $3.9M · Total assets $3.9M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $3.4M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $3.9M
85%
People & payroll
Highest Reported Total Compensation
Individual Judy Chang · Reported title DIRECTOR OF FINANCE · Highest reported compensation $110K · Total expenses $499K
22%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $135K · Total expenses $499K
27%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 66%
Overhead ratio 34%
Revenue growth -34%
Investment management fee ratio 1%
Accounting fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · this organization's grantmaking
Grants paid · 27 grants · $458K · 2022–2024
Rodale InstitutePA · FY2024$30,000
Sierra Nevada JourneysNV · FY2024$20,000
Science Club for Girls INCMA · FY2024$20,000
GirlstartTX · FY2024$20,000
Camfed U S A FoundationCA · FY2024$15,000
Science 4 GirlsFY2024$6,000
Grizzly Corps - Uc Berkeley FoundationFY2024$5,000
Stem Like a GirlOR · FY2024$3,000
Sierra Nevada JourneysNV · FY2023$25,000
Girls with Impact INCCT · FY2023$25,000
Camfed U S A FoundationCA · FY2023$25,000
Science Club for Girls INCMA · FY2023$20,000
GirlstartTX · FY2023$20,000
The Ocean CleanupFY2023$17,000
Science 4 GirlsFY2023$10,000
Stem Like a GirlOR · FY2023$5,000
Girls Plus EnvironmentFY2023$500
See all 27 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$200K revenue · ⤓ 990 PDF
FY2023$784K revenue · ⤓ 990 PDF
FY2022$220K revenue · viewing · ⤓ 990 PDF
FY2021$333K revenue · ⤓ 990 PDF
FY2020$373K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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