Knowledge Futures INC FY2020 filing

Tax-deductible

Cambridge, MA501(c)(3)Since 2019Human ServicesEIN 84-3111259Revenue $427K in FY2020

On file with the IRSknowledgefutures.org245 Main St, 02142-1064 · Cambridge, MATax-exempt since Mar 2020Publicly supported charity — 170(b)(1)(A)(vi)

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Knowledge Futures is an independent nonprofit organization that builds and supports tools, products, and protocols to make Knowledge open, useful, and accessible.

501(c)(3) charity; gifts are tax-deductible.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average deficit $740K a year · 57% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
457 mo
of spending, in cash
Looks good: 456.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $25K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$11K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$427K
Spent
$11K
To programs
0%
Net assets
$416K
By yearFY2020–FY2025
Revenue
$427K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$427K
FY2021$1.9M
FY2022$2.6M
FY2022$7.0M
FY2023$529K
FY2024$963K
FY2025$1.3M
Expenses
$11K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$11K
FY2021$1.7M
FY2022$1.9M
FY2022$1.3M
FY2023$2.9M
FY2024$3.1M
FY2025$2.5M
Net assets
$416K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$416K
FY2021$575K
FY2022$1.2M
FY2022$6.9M
FY2023$4.5M
FY2024$2.4M
FY2025$1.2M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2020.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

What each dollar paid for.

Management & general 100% · $11K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Travis Rich’s $225K as Head of R&d is at the 94th percentile of top reported officer pay among 3869 $1–10M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2022FY2021
Travis Rich$225,357$200,930$175,759$145,111$130,009$63,546
Gabriel Stein$220,769$221,310$172,811$138,199$123,633$61,622
Zach Verdin$216,265$203,324$168,371$135,561$121,503—
Catherine Ahearn$189,652$209,768$153,908$139,324$130,009—
Eric McDaniel$175,981$159,150$159,141———
Kalil Smith-Nuevelle$107,934$146,008$145,535———
Reem Hassan$127,625$124,540————
Qwelian Tanner—$122,766$126,119———

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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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Develops technology to create, manage, and save knowledge for public benefit.

Questions for Knowledge Futures INC

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Provided by the organization

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1 program · in their own filed words · FY2019
01

Received grant from Patrick J. McGovern to build Rapid Reviews: COVID-19 on PubPub, including new review features; received gift from HHMI to build DocMaps, framework for capturing machine-readable editorial event data; launched Commonplace publication.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$25K
Grants paid · 2 grants · $315K · 2020–2020
MITMA · FY2020$95,000

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$427K
Ln 12
Gifts and grantsLn 1h$423K
Other incomeLn 4–11$4K
Money outPt IX
$11K
Ln 25
Managementcol C$11K
Owns and owesPt X
$416K
net assets · Ln 32
Cash and savingsLn 1–2$424K
Total assetsLn 16$427K
LiabilitiesLn 26$11K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$423K
Other incomeLn 4–11$4K
Gains on assetsLn 7$0
Total revenueLn 12$427K
Assets in detailPt X, end of year
CashLn 1$424K
SavingsLn 2$0
Cash and savings togetherLn 1–2$424K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$427K
LiabilitiesLn 26$11K
Net assetsLn 32$416K
OperationsPt I, VI
EmployeesI 512
VolunteersI 61
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$424K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$0$427K
LiabilitiesLn 26$0$11K
Net assetsLn 32$0$416K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$11K$11K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$39$39
All other expensesLn 24e$0
Total functional expensesLn 25$11K$0$11K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.3M$2.5M−$1.1M$1.2M 990 PDF
FY2024 $963K$3.1M−$2.1M$2.4M 990 PDF
FY2023 $529K$2.9M−$2.4M$4.5M 990 PDF
FY2022 $2.6M$1.9M$657K$1.2M 990 PDF
FY2021 $1.9M$1.7M$159K$575K 990 PDF
FY2020 Viewing $427K$11K$416K$416K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $427,000 revenue, 12 lines filed
I-8 Contributions and grants$423,000
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$4,000
I-12 Total revenue$427,000
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$11,139
I-18 Total expenses$11,139
I-19 Revenue less expenses$415,861
Part VI · Governance 5 of 5 board members independent, 3 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $427,000 across 9 lines filed
VIII-1f All other contributions, gifts and grants$423,000
VIII-1h Total contributions, gifts and grants$423,000
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $4,000$4,000
VIII-12 Total revenueRelated to mission $4,000$427,000
Part IX · Statement of functional expenses $11,139 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $11,100$11,100
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Management $39$39
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $0 · Management $11,139 · Fundraising $0$11,139
Part X · Balance sheet $426,961 assets, 19 lines filed
X-1 Cash, non-interest-bearing$423,961
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$3,000
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $0$426,961
X-17 Accounts payable and accrued expenses$11,100
X-26 Total liabilitiesStart of year $0$11,100
X-27 Net assets without donor restrictions$65,861
X-28 Net assets with donor restrictions$350,000
X-32 Total net assets or fund balancesStart of year $0$415,861
X-33 Total liabilities and net assetsStart of year $0$426,961
Part XI · Reconciliation of net assets $415,861 net assets at year end
XI-1 Total revenue$427,000
XI-2 Total expenses$11,139
XI-3 Revenue less expenses$415,861
XI-10 Net assets at end of year$415,861

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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