Better Business Bureau Report for
Core Knowledge Foundation

Better Business Bureau Report issued August 2014
Better Business Bureau Report expires August 2016


This BBB Accredited charity meets all 20 Standards for Charity Accountability. Find out more...


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Charity Contact Information

Name: Core Knowledge Foundation
Address: 801 E. High Street
  Charlottesville, VA 22902
Phone: 434-977-7550
Web Address: http://www.coreknowledge.org
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Better Business Bureau Comments

Year, State Incorporated: 1986, Virginia

Stated Purpose: The Core Knowledge Foundation is dedicated to the mission of educational excellence and equity for all children. To make that mission a reality we offer materials and support to schools, teachers and parents, and effective advocacy grounded in scientific research to citizens and policy makers.

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Evaluation Conclusions

              

Core Knowledge Foundation meets the 20 Standards for Charity Accountability.
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Programs

              

The Core Knowledge Foundation publishes and distributes a wide variety of education books and materials, including the Core Knowledge® Sequence, a detailed outline of recommended curricular content to be taught in language arts, history and geography, mathematics, science, music, and the visual arts from preschool to grade eight. We support a growing nationwide network of Core Knowledge® schools through instructional materials and professional development workshops.

For the fiscal year ended December 31, 2012, Core Knowledge Foundation's program expenses were:

  
Program Services 4,139,346
Total Program Expenses: $4,139,346
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Governance

              

Chief Executive : Linda Bevilacqua, President
Compensation*: 

Chair of the Board: John Ballen
Chair's Profession / Business Affiliation: Private Investor

Board Size: 11

Paid Staff Size: 58

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Fund Raising

              

Method(s) Used:

Grant proposals, internet and website appeals.
Fund raising costs were 1% of related contributions. (Related contributions, which totaled $1,991,706, are donations received as a result of fund raising activities.)
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Financial

              

The following information is based on Core Knowledge Foundation's audited financial statements for the fiscal year ended December 31, 2012.

Source of Funds  
Grants 1,931,450
Book and publication sales, net 1,708,287
Contract revenue 1,000,000
Workshop fees 490,482
Realized and unrealized gain on investments, net 252,462
Royalty income 216,300
Interest and dividend income 88,642
Consulting fees 62,372
Contributions 60,256
Leadership institutes revenue 51,158
Miscellaneous income 255
Total Income $5,861,664


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Uses of Funds as a % of Total Expenses

Programs: 81%  Fund Raising: 1%  Administrative: 18% 

Total income $5,861,664
Program expenses $4,139,346
Fund raising expenses 29,571
Administrative expenses 918,822
Total expenses $5,087,739
Income in Excess of Expenses 773,925
Beginning net assets 6,617,471
Ending net assets 7,391,396
Total liabilities 421,591
Total assets $7,812,987


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Tax Status

              

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
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An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

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