Kentucky Entrepreneurship Education Network
- Assets
- $1.4m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 16
- Location
- Louisville, KY
- Founding
- 03/2016
- Data as of
- 09/2023
- EIN
- 81-1399402
Organization Overview
Kentucky Entrepreneurship Education Network, operating under the name Keenstart, is located in Louisville, KY. The organization was established in 2016. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 09/2023, Keenstart employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Keenstart 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 09/2023, Keenstart generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.4% each year . All expenses for the organization totaled $851.0k during the year ending 09/2023. While expenses have increased by 12.5% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
KEENSTART WAS CREATED TO RUN THE GOVERNOR'S SCHOOL FOR ENTREPRENEURS WHICH INCLUDES INTERRELATED HIGH SCHOOL, COLLEGE AND ALUM PROGRAMS. WE TEACH AND EMPOWER KENTUCKY'S FUTURE INNOVATORS WITH LIFELONG ENTREPRENEURIAL SKILLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING GSE'S SUMMER STARTUP, TEAMS OF HIGH SCHOOL STUDENTS DEVELOP A BUSINESS MODEL,A PROTOTYPE, AND PITCH THEIR COMPANY TO A LARGE AUDIENCE. STUDENTS LEARN A GREAT DEAL ABOUT THEMSELVES AND OTHERS AS THEY LIVE IN A COMMUNITY, DEVELOPING LONG-LASTING CONNECTIONS AND SKILLS. EDUCATORS, BUSINESS LEADERS, EXPERIENCED ENTREPRENEURS, AND OTHER MENTORS WORK CLOSELY WITH THE STUDENTS IN EXPERIENTIAL, HANDS-ON LEARNING SESSIONS, AND COCURRICULAR ACTIVITIES.STUDENTS LEARN WHAT IT TAKES TO CREATE A SUCCESSFUL COMPANY AND ARE ELIGIBLE FOR MILLIONS OF DOLLARS IN COLLEGE SCHOLARSHIPS. THEY ALSO LEARN FROM COLLEGIATE PITCH ALUMS AND ARE INTRODUCED TO COLLEGIATE PITCH AS A NEXT STEP IN THEIR ENTREPRENEURIAL JOURNEY.
GSE'S COLLEGIATE PITCH PROGRAM IS KENTUCKY'S LARGEST INTERCOLLEGIATE PITCH COMPETITION AND PROVIDES ACCESS TO THOUSANDS OF DOLLARS IN FUNDING, ALONG WITH VALUABLE FEEDBACK FROM ENTREPRENEURIAL EXPERTS. THE COMPETITION ENCOURAGES INNOVATION AND ENTREPRENEURSHIP BY PROVIDING OPPORTUNITIES FOR STUDENTS TO DEVELOP AND PURSUE THEIR BUSINESS IDEAS. THE CONTEST REWARDS BUSINESSES JUDGED TO BE THE MOST LIKELY TO PRODUCE SUCCESSFUL VENTURES THAT CREATE JOBS FOR KENTUCKIANS. COLLEGIATE PITCH IS PART OF THE SUMMER STARTUP CIRRICULUM, AS THOSE HIGH SCHOOL STUDENTS VISIT COLLEGIATE PITCH BUSINESSES, LEARN FROM COLLEGIATE PITCH PARTICIPANTS, AND ARE ENCOURAGED TO APPLY TO COLLECIATE PITCH AND THE OPPORTUNITIES IT OFFERS FOR THEIR ONGOING BUSINESS DEVELOPMENT.
GSE'S ECOSYSTEM IS A SUPPORT NETWORK FOR THE ALUMNI OF SUMMER STARTUP AND COLLEGIATE PITCH. THE ECOSYSTEM WORKS TO HELP PROMOTE ALUMNI BUSINESSES, PROVIDE NETWORKING AND DEVELOPMENT OPPORTUNITIES, ALONG WITH ONGOING EDUCATIONAL OFFERINGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne Jewell President & | Officer | 40 | $33,333 |
Chenault Conway Boden Director | Trustee | 1 | $0 |
Jim Clifton Director | Trustee | 1 | $0 |
Koleman Karleski Chairman | OfficerTrustee | 1 | $0 |
Anne Nash Secretary | OfficerTrustee | 1 | $0 |
Randall Stevens Treasurer | OfficerTrustee | 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 | $114,752 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $114,752 |
| Total Program Service Revenue | $895,000 |
| Investment income | $21,923 |
| 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 | $1,031,675 |
| 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 | $293,747 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $26,708 |
| Payroll taxes | $18,997 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,980 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $40,506 |
| Advertising and promotion | $7,707 |
| Office expenses | $3,591 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,861 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,057 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,162 |
| All other expenses | $96,963 |
| Total functional expenses | $851,026 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $74,714 |
| Savings and temporary cash investments | $1,288,671 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $1,363,385 |
| Accounts payable and accrued expenses | $10,060 |
| 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 | $0 |
| Total liabilities | $10,060 |
| Net assets without donor restrictions | $1,353,325 |
| 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 | $1,363,385 |