Knowledge Seekers EIN 87-2771941

Knowledge Seekers FY2022 filing

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Empowers youth to live purposeful, kind, and contributing lives through inspiration and education. For fiscal year 2022 it reported $555K in revenue, $10K in expenses, and $545K in net assets.Pt I

Type
Public charity (501(c)(3)) · Community Development
Location
Dearborn, MI
Filings
3 on file (2022–2022)
Revenue
$555KFY2022
Expenses
$10K
Net assets
$545K
People
3
Filings
3
Updates
0
More identity details & actions ⌄
EIN  87-2771941 Public charity (501(c)(3)) Dearborn, MI
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
<$100K
What they do
Empowers youth to live purposeful, kind, and contributing lives through inspiration and education.
Leadership
Aous Asfar · President
Money in and out
$555K revenue, $10K expenses
Bottom line
22% program efficiency
Where the money goes · FY2022
Total revenue
$555K
Pt VIII · Ln 12
Total expenses
$10K
Pt IX · Ln 25
Net assets
$545K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $545K
Where spending went · Part IX cols B–D
Program services $0.22 Management & general $0.78
Program efficiency
22%
of spending reaches programs
Operating runway
636.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
+98%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$555K
FY2022
Total revenue
$555K
Pt VIII · Ln 12
Total expenses
$10K
Pt IX · Ln 25
Net assets
$545K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$545K
Total assetsPt X · Ln 16$547K
Program-expense ratioPt IX · col B22%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

3 program services account for $2K of program spending, described in the organization's own filed words · FY2022.
01

Speaking Engagements

This is the Inspire phase of our program. In this phase we are invited to visit a community event, or a school assembly in which we deliver the keynote speech to inspire the youth to strive for knowledge, character development, and self-growth.

$2Kprogram expense
02

The Knowledge Seeker Program

this is the educate phase of the program. It consists of a series of 6 courses that every knowledge seeker goes through to build their foundation of knowledge. It includes a course on leading a purposeful life, self-actualization and decision making, ethics, the art of dialog, and communication with like-minded people and otherwise.

$500program expense
03

Mentorship

this is the elevate phase of the program. In this phase, we set up meetings with the youth to determine their life goals and to help them setup a plan and develop the mindset and skills to achieve them. It includes courses on goal-setting, time-management, self-discipline, academic path planning, and career path planning.

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CKnowledge Seekers
EINHdr · item D87-2771941
Principal addressHdr · item CDearborn, MI
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S99)
Ruling yearIRS BMFDec 2021

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1bpending
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 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Finance Officer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$545K · 98%
Program service revenue$10K · 2%
Contributions & grants98%$545K
Program service revenue2%$10K
Investment income$68
Total revenueLn 12$555K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.22 Management & general $0.78
Program services22%$2K
Management & general78%$8K
Total functional expensesLn 25$10K

Balance Sheet

Part X · end of year
CashLn 1$544K
Total assetsLn 16$547K
Total liabilitiesLn 26$2K
Total net assetsLn 32$545K
Months of cash on handcomputed636.1

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $544K · Operating expenses/yr $10K
636.1 months
Where the money goes
Program services
Program services $2K · Total expenses $10K
22%
Management & General
Management & general $8K · Total expenses $10K
78%
Fundraising
Fundraising $0 · Total expenses $10K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $545K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $545K · Total revenue $555K
98%
Government reliance
Government grants — · Total revenue $555K
Earned-income share
Program service revenue $10K · Total revenue $555K
2%
Investment reliance
Investment income $68 · Total revenue $555K
+0.01%
Program self-sufficiency
Program service revenue $10K · Total expenses $10K
99%
Growth & trend
Revenue growth (YoY)
This year $555K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $545K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $555K · Expenses $10K
+98%
Liabilities-to-Assets
Total liabilities — · Total assets $547K
Net-asset ratio
Net assets $545K · Total assets $547K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $547K
0%
People & payroll
Highest Reported Total Compensation
Individual Aous Asfar · Reported title President · Highest reported compensation $0 · Total expenses $10K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $6K · Total expenses $10K
54%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 22%
Overhead ratio 78%
Fundraising cost ratio 0%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%
Fundraising fee ratio 0%

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.

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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)$63K revenue · ⤓ 990 PDF
FY2023$53K revenue · ⤓ 990 PDF
FY2022$555K revenue · viewing · ⤓ 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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