Kentucky Educational Development Corporation

Organization Overview

Kentucky Educational Development Corporation is located in Ashland, KY. The organization was established in 1969. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 06/2021, Kentucky Educational Development Corporation employed 99 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kentucky Educational Development Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2021, Kentucky Educational Development Corporation generated $11.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $10.1m during the year ending 06/2021. While expenses have increased by 1.6% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDING GRANT AND CONTRACT WRITING, TECHNOLOGY SUPPORT, PAYROLL AND PROFESSIONAL DEVELOPMENT SERVICES FOR MEMBER SCHOOL DISTRICTS

Describe the Organization's Program Activity:

Part 3 - Line 4a

KEDC ADMINISTRATED ADULT BASIC EDUCATION IN KY COUNTIES, PROVIDED


KEDC ADMINISTRATED ADULT BASIC EDUCATION IN KY COUNTIES, PROVIDED


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Board, Officers & Key Employees

Name (title)Compensation
Samuel Adkins
Cdo
$119,129
David Trimble
Board Member
$0
D Johnson
Board Member
$0
Rick Ross
Board Member
$0
Thom Cochran
Board Member
$0
Kimberly King
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$217,641
Fundraising events$0
Related organizations$0
Government grants $4,215,993
All other contributions, gifts, grants, and similar amounts not included above$57,516
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$4,491,150
Total Program Service Revenue$6,802,654
Investment income $6,021
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$1,029
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $11,298,796

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Kentucky Educational Development Corporation has recieved totaling $42,000.

Awarding OrganizationAmount
Heart Of Kentucky United Way

Danville, KY

PURPOSE: EDUCATION

$22,000
Whas Crusade For Children Inc

Louisville, KY

PURPOSE: $8,000 FOR EARLY LITERACY SKILLS BUILDER, EARLY READING SKILLS BUILDER, TEACHING TO STANDARDS: ENGLISH LANGUAGE ARTS

$8,000
United Way Of Northeast Kentucky

Ashland, KY

PURPOSE: ADULT EDUCATION

$6,000
United Way Of Northeast Kentucky

Ashland, KY

PURPOSE: ADULT EDUCATION

$6,000
View Grant Recipient Profile

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