Prichard Committee For Academic Excellence
- Assets
- $4.7m
- Revenue
- $1.8m
- Investments
- $4.1m
- Employees
- 8
- Location
- Lexington, KY
- Founding
- 09/1983
- Data as of
- 12/2022
- EIN
- 61-1026214
Organization Overview
Prichard Committee For Academic Excellence is located in Lexington, KY. The organization was established in 1983. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 12/2022, Prichard Committee For Academic Excellence employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prichard Committee For Academic Excellence 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 12/2022, Prichard Committee For Academic Excellence generated $1.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $1.8m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO BUILD A PATH TO LARGER LIFE FOR ALL KENTUCKIANS THROUGH EXCELLENT EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KENTUCKY COLLABORATIVE FOR FAMILIES AND SCHOOLS -WE ARE NETWORK OF FAMILIES, SCHOOL, DISTRICTS, AND COMMUNITY PARTNERS FOCUSED ON INCREASING OPEN COMMUNICATION, LEARNING OPPORTUNITIES, AND SHARED DECISION-MAKING POWER ACROSS THE KENTUCKY EDUCATION SYSTEM. THE COMMONWEALTH INSTITUTE FOR PARENT LEADERSHIP, A NATIONALLY RECOGNIZED MODEL OF PARENT LEADERSHIP, HAS TRAINED OVER 2,500 PARENTS SINCE 1997.
EXCELLENCE WITH EQUITY: EVERYBODY'S BUSINESS (K12 ACCOUNTABILITY) - WE STAFF AN EQUITY COALITION OF 30 ORGANIZATIONS AND INDIVIDUALS COMMITTED TO ENSURING EXCELLENCE WITH EQUITY FOR EACH AND EVERY KENTUCKY PUBLIC SCHOOL STUDENT. WE FOCUS ON SYSTEM CHANGE THROUGH ACCOUNTABILITY AND ADEQUATE, EQUITABLE INVESTMENTS, AS WELL AS LOCAL ACTION TO RESPOND TO THE UNIQUE NEEDS OF SCHOOLS AND STUDENTS.
STRONG START KYTHE PRICHARD COMMITTEE CONTINUES TO SERVE AS THE CONVENER FOR THE STRONG START KY COALITION AND BUSINESS LEADERS FOR A STRONG START, WHICH COMBINED INCLUDES MORE THAN 100 ORGANIZATIONS AND INDIVIDUALS. STRONG START KY ADVOCATES FOR HIGH-QUALITY EARLY LEARNING AND INCREASED READING AND MATH PROFICIENCY BY 3RD GRADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Jay Box Director | Trustee | 1 | $0 |
Leo Calderon Director | Trustee | 1 | $0 |
Garren Colvin Director | Trustee | 1 | $0 |
Al Cornish Director | Trustee | 1 | $0 |
Felicia Cummings Smith Director | Trustee | 1 | $0 |
Susand Elkington Vice Chair | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,384,310 |
| All other contributions, gifts, grants, and similar amounts not included above | $344,765 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,729,075 |
| Total Program Service Revenue | $13,925 |
| Investment income | $55,582 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $10,825 |
| Net Income from Fundraising Events | $1,170 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,810,577 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $198,137 |
| Compensation of current officers, directors, key employees. | $39,628 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $434,705 |
| Pension plan accruals and contributions | $28,256 |
| Other employee benefits | $23,366 |
| Payroll taxes | $43,016 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,678 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $32,136 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $22,173 |
| Information technology | $45,035 |
| Royalties | $0 |
| Occupancy | $43,200 |
| Travel | $29,877 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $30,027 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $878 |
| Insurance | $7,154 |
| All other expenses | $16,368 |
| Total functional expenses | $1,813,364 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $85,568 |
| Savings and temporary cash investments | $243,798 |
| Pledges and grants receivable | $191,632 |
| Accounts receivable, net | $500 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $17,954 |
| Net Land, buildings, and equipment | $1,169 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $4,143,912 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,684,533 |
| Accounts payable and accrued expenses | $157,432 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $273,198 |
| Total liabilities | $430,630 |
| Net assets without donor restrictions | $1,321,675 |
| Net assets with donor restrictions | $2,932,228 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,684,533 |
Grants Awarded
Over the last fiscal year, Prichard Committee For Academic Excellence has awarded $315,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
KENTUCKY SCHOOL BOARDS ASSOCIATION PURPOSE: SUBGRANT TO 3KT GROUP | $105,000 |
KENTUCKY ASSOCIATION OF SCHOOL SUPERINTENDENTS PURPOSE: SUBGRANT TO 3KT GROUP | $105,000 |
KY ASSOCIATION OF SCHOOL ADMINISTRATORS PURPOSE: SUBGRANT TO 3KT GROUP | $105,000 |