Civic Intelligence

Kentucky 4-H Foundation Inc.

990 • Fiscal year 2019 • EIN 23-7437297

Jan 01, 2019 to Dec 31, 2019 • Filed on May 11, 2020

212 Scovell HallLexington, KY 40546-0064

(859) 257-5961

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

7th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

7th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

75th percentile

17%

Higher net margin than 75% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

29th percentile

$72,578

Higher top officer pay than 29% of similar nonprofits.

Top officer pay equals 3.3% of source-year revenue.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Asset Growth

80th percentile

18%

Faster asset growth than 80% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

29th percentile

-3.8%

Faster revenue growth than 29% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Assets

Up

$5,446,471

Up $834,979 (+18%) from 2018

Net Assets

Up

$5,446,471

Up $834,979 (+18%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue

Down

$2,178,500

Down $86,893 (-3.8%) from 2018

Expenses

Down

$1,803,143

Down $158,163 (-8.1%) from 2018

Net Income

Up

$375,357

Up $71,270 (+23%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2012: $3,612,052Liabilities 2012: $0Net Assets 2012: $3,612,0522012Assets 2013: $4,266,818Liabilities 2013: $0Net Assets 2013: $4,266,8182013Assets 2014: $4,232,429Liabilities 2014: $0Net Assets 2014: $4,232,4292014Assets 2015: $4,297,303Liabilities 2015: $0Net Assets 2015: $4,297,3032015Assets 2016: $4,371,186Liabilities 2016: $0Net Assets 2016: $4,371,1862016Assets 2017: $4,748,581Liabilities 2017: $0Net Assets 2017: $4,748,5812017Assets 2018: $4,611,492Liabilities 2018: $0Net Assets 2018: $4,611,4922018Assets 2019: $5,446,471Liabilities 2019: $0Net Assets 2019: $5,446,4712019Assets 2020: $5,816,791Liabilities 2020: $0Net Assets 2020: $5,816,7912020Assets 2021: $6,505,999Liabilities 2021: $0Net Assets 2021: $6,505,9992021Assets 2022: $6,420,478Liabilities 2022: $30,000Net Assets 2022: $6,390,4782022Assets 2023: $12,725,953Liabilities 2023: $54,720Net Assets 2023: $12,671,2332023Assets 2024: $11,761,240Liabilities 2024: $25,000Net Assets 2024: $11,736,2402024

Highlighted filing

2019

Assets$5,446,471
Liabilities$0
Net Assets$5,446,471

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2012: $1,184,5362012Expenses 2013: $1,117,1172013Revenue 2014: $1,464,867Expenses 2014: $1,963,811Net Income 2014: -$498,9442014Revenue 2015: $1,420,404Expenses 2015: $1,281,607Net Income 2015: $138,7972015Revenue 2016: $1,642,450Expenses 2016: $1,378,247Net Income 2016: $264,2032016Revenue 2017: $1,467,337Expenses 2017: $1,393,387Net Income 2017: $73,9502017Revenue 2018: $2,265,393Expenses 2018: $1,961,306Net Income 2018: $304,0872018Revenue 2019: $2,178,500Expenses 2019: $1,803,143Net Income 2019: $375,3572019Revenue 2020: $1,616,872Expenses 2020: $1,362,080Net Income 2020: $254,7922020Revenue 2021: $1,825,393Expenses 2021: $1,243,760Net Income 2021: $581,6332021Revenue 2022: $2,884,941Expenses 2022: $2,205,533Net Income 2022: $679,4082022Revenue 2023: $8,994,889Expenses 2023: $2,966,299Net Income 2023: $6,028,5902023Revenue 2024: $2,950,448Expenses 2024: $4,043,766Net Income 2024: -$1,093,3182024

Highlighted filing

2019

Revenue$2,178,500
Expenses$1,803,143
Net Income$375,357
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
May 11, 2020
Return Version
2019v5.1
Gross Receipts
$2,443,836
Mission and Program Overview

Mission

To actively assist, advance and support the state and county 4-h youth development programs. To encourage and support youth leadership development and education. To recognize, support and assist trained 4-h adult and teen volunteer leaders. To support and assist in securing funding for the four 4-h camping centers.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,365,926$4,096,511▲ $730,585
Savings and Temporary Cash Investments$615,085$671,531▲ $56,446
Cash and Non-Interest-Bearing Accounts$482,822$484,373▲ $1,551
Land, Buildings, and Equipment, Net$147,659$135,067▼ $12,592
Investments Other Securities-$58,989-
Total Assets$4,611,492$5,446,471▲ $834,979
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$4,524,565$3,760,465▼ $764,100
Net Assets Without Donor Restrictions$86,927$1,686,006▲ $1,599,079
Total Net Assets Fund Balance$4,611,492$5,446,471▲ $834,979
Total Liabilities and Net Assets / Fund Balance$4,611,492$5,446,471▲ $834,979

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$0$3,309-
Land$6,000--
Equipment$129,067$187,444-

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$3,242,277$24,606▲ $489,418$6,574$3,749,727
2018$3,323,154$64,425▼ $163,153$17,851$3,242,277
2017$3,184,904$15,211▲ $188,824$65,785$3,323,154
2016$2,923,336$1,550▲ $384,555$124,537$3,184,904
2015$2,965,194$152,756▼ $28,309$166,305$2,923,336
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Melissa MillerExecutive DirectorFT$67,500$5,078$72,578

Board Members and Trustees

NameTitle
Brent Hutchinson PhdChairman and Director
Glen S KinderVice Chairman and Director
Pamela Rowsey LarsonVice Chairman and Director
Chris CaddellDirector
Dennis CannonDirector
Fran MccallDirector
Harland HatterDirector
Melanie KelleyDirector
Ruth Ann HendrickDirector
Ryan BivensDirector
Steven LycansDirector
Tomma BlackburnDirector
Elizabeth LunsfordSecretary and Director
Melanie Lyons WatsonTreasurer and Director
Dr Laura StephensonEx-officio Voting Member
Dr Mark MainsEx-officio Voting Member
Revenue and Support

Revenue Composition

Contributions and Grants
$925,839
Program Service Revenue
$1,063,210
Investment Income
$213,947
Other Revenue
$-24,496
All Other Contributions
$554,767
Change in Net Assets
$375,357

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,148,860
Revenue Not Reported on Financial Statements
$29,640
Revenue Not Reported on Form 990
$560,301
Other Revenue Adjustments
$29,640
Total Revenue per Audited Statements
$2,709,161
Total Revenue per Form 990
$2,178,500
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,647,326
Salaries, Compensation, and Employee Benefits$155,817
Total Fundraising Expense$16,332
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Travel$381,303$18,472$7,709$407,484
Occupancy$232,902$2,018-$234,920
Fees for Services Other$106,518$23,703$275$130,496
Current Officers, Directors, Trustees, and Key Employees-$72,578-$72,578
Other Salaries and Wages-$71,319-$71,319
Other Expenses$50,469$3,756$10$50,469
All Other Expenses$28,050$10,885$2,379$41,314
Office Expenses$27,571$5,825$729$34,125
Fees for Service Investment Mgmnt Fees-$29,640-$29,640
Fees for Services Management-$24,197-$24,197
Fees for Services Accounting-$23,013-$23,013
Depreciation Depletion$758$14,757-$15,515
Payroll Taxes-$11,920-$11,920
Insurance$6,309$5,579-$11,888
Advertising$5,562-$4,577$10,139
Information Technology-$9,287-$9,287
Total Functional Expenses$1,456,271$330,540$16,332$1,803,143

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,874,182
Total Expenses per Form 990$1,803,143
Expenses per Audited Statements$1,773,503
Expenses Not Reported on Form 990$100,679
Expenses Not Reported on Financial Statements$29,640
Other Expense Adjustments$29,640
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$67,863
Fundraising Gross Income$1,780
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Emerald Gala$168,297$1,780$41,859$-40,079
4-h Friends and Alumni$140---
Total Events$168,437$1,780$67,863$-66,083
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The executive director reviews and signs the form 990.

Form 990, Part VI, Section B, Line 12C

The executive director monitors the foundation's business activities for possible conflicts and, where one might arise, addresses it with the board member for disclosure if required.

Form 990, Part VI, Section B, Line 15A

Compensation is reviewed annually by the board. Any necessary adjustments are made as appropriate.

Form 990, Part VI, Section C, Line 19

All documents concerning the organization are available upon request.

Filing and Contact Details

Filer

Filer Name
Kentucky 4h Foundation Inc
EIN
23-7437297
Phone
8592575961
Address
212 SCOVELL HALL, LEXINGTON, KY 40546-0064

Signing Officer

Name
Brent D Hutchinson
Title
Chairman
Phone
8592575961
Signed
2020-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brent D Hutchinson
Formed
1974
Legal Domicile
Ky
Voting Board Members
16
Independent Board Members
16
Employees
2
Volunteers
25

Preparer

Firm
Blue & Co LLC
Address
250 WEST MAIN STREET SUITE 2900, LEXINGTON, KY 40507
Preparer
John Copeland
Phone
8592531100
Supplemental Narrative

Additional Explanations

Part XII, Line 1

MODIFIED CASH

Part XII, Line 2C

The process has not changed from the prior year.

Financial Statement Notes

PART V, LINE 4:

The income earned on the principal of the endowment shall be used to fund county-level projects and the necessary support work related. 4-h programs provided a dollar-for-dollar match for each project developed and funded by the endowment.

PART X, LINE 2:

Accounting principles generally accepted in the united states of america require management to evaluate tax positions taken by the foundation and recognize a tax liability if the foundation has taken an uncertain position that more likely than not would not be sustained upon examination by various federal and state taxing authorities. Management has analyzed the tax positions taken by the foundation, and has concluded that as of december 31, 2019, there are no uncertain positions taken or expected to be taken that would require recognition of disclosure in the accompanying financial statements.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Fundraising expenses 67,863.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Investment management fees 29,640.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Fundraising expenses 67,863.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Investment management fees 29,640.

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IRS990/Desc0PROVIDING HIGH QUALITY EDUCATIONAL INSTRUCTION TO KENTUCKY 4-HERS BY PLANNING, PROMOTING, IMPLEMENTING AND EVALUATING 4-H PROGRAMS IN ORDER TO MEET THE INTEREST AND NEEDS OF THE COMMONWEALTH OF KENTUCKY.
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Peer Organizations

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