CORE KNOWLEDGE FOUNDATION

EIN: 541371584 501(c)(3) Education

CHARLOTTESVILLE, VA

Total Revenue
$22,135,314
Total Expenses
$6,180,021
Total Assets
$35,066,937
Net Assets
$32,483,988
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
VA
Principal Officer
LINDA BEVILACQUA
Phone
4349777550
Tax Period
2023-01-01 to 2023-12-31

CORE KNOWLEDGE FOUNDATION, founded in 1986, is a community nonprofit in the Education sector that reported $2.4M in total revenue in fiscal year 2018. Net assets of $5.5M represent 27 months of operating reserves.

Mission

THE FOUNDATION'S MISSION IS TO PROVIDE EDUCATIONAL EXCELLENCE AND EQUITY FOR ALL CHILDREN.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $14,600
Program Service Revenue $18,169,104
Investment Income $455,037
Other Revenue $3,496,573
TOTAL REVENUE $22,135,314

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,774,149
Fundraising Expenses $11,130
Program Expenses $3,122,075
Other Expenses $4,405,872
TOTAL EXPENSES $6,180,021

Year-over-Year Comparison

2023 2022 Change
Revenue $22,135,314 $8,990,502 +1.5%
Expenses $6,180,021 $4,413,651 +0.4%
Net Income $15,955,293 $4,576,851 +2.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Governance

Voting Members
11
Independent Members
11
Employees
21
Volunteers
12

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$201,673
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN BALLEN CHAIRMAN 1.00
Officer Director
$0 $0 $0
STEPHEN TOMLIN VICE CHAIRMAN AND TRESURER 1.00
Officer Director
$0 $0 $0
ED HIRSCH TRUSTEE 1.00
Officer Director
$0 $0 $0
LOUISA D SPENCER SECRETARY 1.00
Officer Director
$0 $0 $0
LEWIS BLAUSTEIN TRUSTEE 1.00
Director
$0 $0 $0
BRAD MILLER TRUSTEE 1.00
Director
$0 $0 $0
DAVID HURWITZ TRUSTEE 1.00
Director
$0 $0 $0
JOHN HIRSCH TRUSTEE 1.00
Director
$0 $0 $0
JEFF LITT TRUSTEE 1.00
Director
$0 $0 $0
MARC SMITH TRUSTEE 1.00
Director
$0 $0 $0
MIKE GIARLA TRUSTEE 1.00
Director
$0 $0 $0
LINDA BEVILACQUA PRESIDENT 50.00
Officer
$201,673 $0 $201,673
DANIEL FRANCK DIRECTOR OF SCIENCE CURRIC 40.00
Highest
$132,811 $0 $132,811
ROSEMARY MCCORMICK DIRECTOR OF PUBLICATIONS D 40.00
Highest
$126,219 $0 $126,219
KRISTEN RODRGUEZ DIRECTOR OF SCHOOL ENGAGEM 40.00
Highest
$114,375 $0 $114,375
SAMANTHA LEGARD DIRECTOR OF OPERATIONS 40.00
Highest
$106,908 $0 $106,908
ILENE GOLDMAN DIRECTOR OF SOCIAL STUDIES 40.00
Highest
$105,900 $0 $105,900
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $22,135,314 $6,180,021 $35,066,937 $15,955,293
2022 $8,990,502 $4,413,651 $15,695,147 $4,576,851
2021 $6,889,029 $3,560,128 $10,759,261 $3,328,901
2020 $3,761,415 $2,905,510 $6,734,617 $855,905
2019 $1,954,389 $3,109,045 $5,816,088 $-1,154,656
2018 $2,434,034 $2,651,749 $6,470,921 $-217,715
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