Overview
What is Knowledge Is Power Foundation?
The Knowledge Is Power Foundation, based in Lancaster, California, is a nonprofit organization with a mission to offer affordable childcare services. This enables parents to engage in employment and further their education without financial constraints. With a modest workforce of 12 individuals, the foundation strives to make a significant impact on families' lives by providing a supportive environment for their children.
Is Knowledge Is Power Foundation legitimate?
Knowledge Is Power Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Knowledge Is Power Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $39,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Knowledge Is Power Foundation?
The Knowledge Is Power Foundation's mission is centered around providing an affordable childcare solution, enabling parents to simultaneously work and pursue their education. This mission is aimed at fostering independence and self-sufficiency within families, ensuring that both parents can contribute to their household's financial stability and personal growth. The foundation's core activity revolves around offering affordable childcare services, thereby allowing parents to balance their responsibilities and pursue their educational goals.
What is the revenue of Knowledge Is Power Foundation?
Knowledge Is Power Foundation's revenue in 2023 was $229,717.
Who are the executives of Knowledge Is Power Foundation and what are their salaries?
The average compensation at Knowledge Is Power Foundation during 2023 was $9,750. There are 4 employees and 13 volunteers at Knowledge Is Power Foundation.
There is 1 key member and their salary:
- Compensation: $39,000
- Related: $0
- Other: $0
Where can I find the form 990 for Knowledge Is Power Foundation?
Knowledge Is Power Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Knowledge Is Power Foundation
The Knowledge Is Power Foundation is committed to a significant mission. This nonprofit organization seeks to provide an affordable childcare solution, enabling parents to simultaneously work and attend educational institutions. By offering this service, the foundation empowers families to improve their economic status and provide a better future for their children, all while furthering their own education and career growth. The foundation's mission is rooted in the belief that access to affordable childcare is a fundamental requirement for personal and family development.
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Impact
October, 2024
Knowledge Is Power Foundation has made a significant impact on the Lancaster, CA community by providing essential childcare and transportation services for 42 children. Through its commitment to supporting working parents, the foundation alleviates the burden of childcare, allowing families to focus on their jobs and economic stability. This support not only fosters a nurturing environment for children but also contributes to the overall well-being of families in the area. By ensuring that children are cared for in a safe and supportive setting, the foundation plays a crucial role in enhancing the quality of life for both children and their parents, thereby strengthening the fabric of the community.
This information is meant to be a general summary of Knowledge Is Power Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $1
- Program Service Revenue: $229,287
- Gross Receipts: $229,717
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Child Care Services
Revenue
$167,735
Organization Details
Founding Year
2017
Principal Officer
Patrina Oneal
NTEE Category
Code: P33 - Human services
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