Kentucky Association For Academic Competition Inc
- Assets
- $1.1m
- Revenue
- $766.6k
- Investments
- $0.0
- Employees
- 5
- Location
- Frankfort, KY
- Founding
- 03/1986
- Data as of
- 06/2024
- EIN
- 61-1087843
Organization Overview
Kentucky Association For Academic Competition Inc is located in Frankfort, KY. The organization was established in 1986. As of 06/2024, Kentucky Association For Academic Competition Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kentucky Association For Academic Competition Inc 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 06/2024, Kentucky Association For Academic Competition Inc generated $766.6k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $726.5k during the year ending 06/2024. While expenses have increased by 0.6% per year over the past 9 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATIONAL ADVANCEMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATION CONDUCTS STATEWIDE ACADEMIC COMPETITIONS FOR PRIMARY AND SECONDARY SCHOOLS; CONDUCTS PROBLEM-SOLVING COMPETITIONS THAT ALLOWS STUDENTS TO DEVELOP CREATIVE SKILLS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brad Persinger Executive Dir. | Officer | 40 | $67,990 |
Lareina May Finance Directo | Officer | 40 | $48,000 |
Chriss Hill Program Directo | Officer | 40 | $23,800 |
Lucy Flannery Former Board Member | 0 | $20,404 | |
Jeremy Krug Board Member | Trustee | 1 | $0 |
Rodney Holt Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,000 |
| Total Program Service Revenue | $732,064 |
| Investment income | $17,491 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $766,555 |
| 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. | $67,990 |
| Compensation of current officers, directors, key employees. | $67,990 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $146,897 |
| Pension plan accruals and contributions | $24,994 |
| Other employee benefits | $26,260 |
| Payroll taxes | $16,227 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,179 |
| Advertising and promotion | $0 |
| Office expenses | $10,467 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,056 |
| Travel | $469 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,705 |
| Insurance | $10,775 |
| All other expenses | $104,774 |
| Total functional expenses | $726,548 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $476,485 |
| Savings and temporary cash investments | $449,120 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,494 |
| 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 | $1,964 |
| Net Land, buildings, and equipment | $161,760 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,099,823 |
| Accounts payable and accrued expenses | $4,258 |
| Grants payable | $0 |
| Deferred revenue | $63,545 |
| 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 | $0 |
| Total liabilities | $67,803 |
| Net assets without donor restrictions | $1,032,020 |
| Net assets with donor restrictions | $0 |
| 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 | $1,099,823 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mathcounts Foundation Alexandria, VA | $6,157,589 | $2,687,820 |
Wonderscope Inc Kansas City, MO | $13,446,522 | $3,724,065 |
Center For Arts-Inspired Learning Cleveland, OH | $2,178,616 | $2,099,104 |
Kentucky Association For Academic Competition Inc Frankfort, KY | $1,099,823 | $766,555 |
Project Education Plus Chicago, IL | $20,291 | $362,583 |
Power Of The Pen North Canton, OH | $339,828 | $271,060 |
Students For Other Students Inc Toledo, OH | $73,601 | $0 |