Kentucky School Boards Association Educational Foundation Inc
- Assets
- $179.9k
- Revenue
- $507.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Frankfort, KY
- Founding
- 09/1992
- Data as of
- 06/2022
- EIN
- 61-1219695
Organization Overview
Kentucky School Boards Association Educational Foundation Inc is located in Frankfort, KY. The organization was established in 1992. According to its NTEE Classification (B94) the organization is classified as: Parent & Teacher Groups, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kentucky School Boards Association Educational Foundation 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 06/2022, Kentucky School Boards Association Educational Foundation Inc generated $507.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.1% each year . All expenses for the organization totaled $498.0k during the year ending 06/2022. While expenses have increased by 16.0% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
FURTHERMENT OF LOCAL GOVERNANCE OF PUBLIC EDUCATION THROUGH SPONSORSHIP OF RESEARCH, EDUCATIONAL PROGRAMS AND SCHOLARSHIPS RELATING TO LOCAL PUBLIC SCHOOL DISTRICT GOVERNANCE AND LEADERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KY CENTER FOR SCHOOL SAFETYS SCHOOL ASSESSMENTS PROVIDES A SCHOOL WITH AN INDEPENDENT REVIEW OF THE SCHOOL'S CLIMATE AND CULTURE AS IT RELATES TO ENHANCING THE LEARNING ENVIRONMENT. THIS ASSESSMENT PROCESS ALSO PROVIDES THE SCHOOL WITH A NEEDS ASSESSMENT THAT CAN BE USED IN DEVELOPING THE SCHOOL SAFETY COMPONENT OF THE SCHOOL'S COMPREHENSIVE SCHOOL IMPROVEMENT PLAN.
AWARDED SCHOLARSHIPS TO STUDENTS NOMINATED BY KENTUCKY PUBLIC SCHOOL DISTRICTS UNDER THE FIRST DEGREE SCHOLARSHIP PROGRAM.
BILLED MEDICAID ON BEHALF OF THE KENTUCKY SCHOOL FOR THE DEAF AND THE KENTUCKY SCHOOL FOR THE BLIND FOR THERAPEUTIC SERVICES PROVIDED TO THEIR STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Turner Chairman | Officer | 1 | $0 |
Allen Kennedy Treasurer | Officer | 1 | $0 |
Peggy Sue Downs Secretary | Officer | 1 | $0 |
Kerri Schelling Ex Dir/ex-Offic | Officer | 0.5 | $0 |
Steve Becker Director | Trustee | 1 | $0 |
Joe Brothers Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $466,302 |
| All other contributions, gifts, grants, and similar amounts not included above | $25,116 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $491,418 |
| Total Program Service Revenue | $0 |
| Investment income | $82 |
| 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 | $507,563 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $85,975 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $28,765 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $9,677 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,893 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $7,727 |
| Total functional expenses | $498,006 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $113,675 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $66,191 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $179,866 |
| Accounts payable and accrued expenses | $10,000 |
| 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 | $78,517 |
| Total liabilities | $88,517 |
| Net assets without donor restrictions | $91,349 |
| 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 | $179,866 |
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|---|---|---|
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North Chicago Community Partners Nfp Lake Bluff, IL | $1,892,693 | $3,543,621 |
St Vincent St Mary High School Foundation Akron, OH | $26,787,695 | $1,842,720 |
Leaves Of Learning Inc Deer Park, OH | $851,741 | $1,661,930 |
Pitt Academy Louisville, KY | $2,544,833 | $1,054,257 |
Birthing Beautiful Communities Cleveland, OH | $1,960,635 | $2,919,450 |
Charles T Chuck Mathena Ii Foundation Inc Princeton, WV | $9,519,279 | $999,852 |
Worthington Christian Schools Prnt Tchr Flwshp Endow Fund Westerville, OH | $28,428 | $10,595 |
Independence High School Ptso Thompsons Station, TN | $458,068 | $848,792 |
Fenwick Foundation Inc Oak Park, IL | $26,054,511 | $5,711,578 |
Kentucky School Boards Association Educational Foundation Inc Frankfort, KY | $179,866 | $507,563 |