Civic Intelligence

Grant County Schools Education Foundation

990 • Fiscal year 2019 • EIN 46-0532874

Jul 01, 2018 to Jun 30, 2019 • Filed on Nov 19, 2019

Organization ProfileN/A
820 Arnie Risen BlvdWilliamstown, KY 41097

(859) 824-3323

Siviq Scores

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

Liabilities / Assets

27th percentile

0.00x

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

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

28th percentile

0.00x

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

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

94th percentile

59%

Higher net margin than 94% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

91st percentile

$116,347

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 182.3% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2018 to 2019

Revenue Growth

13th percentile

-24%

Faster revenue growth than 13% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets27th percentile

Assets

Up

$992,541

Up $992,541 from 2018

Net Assets

Up

$992,541

Up $992,541 from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue And Expenses
Liabilities / Revenue28th percentileNet Margin94th percentile

Revenue

Down

$63,810

Down $20,429 (-24%) from 2018

Expenses

Up

$25,853

Up $5,909 (+30%) from 2018

Net Income

Down

$37,957

Down $26,338 (-41%) from 2018

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$1.5M$1.0M$500K$0Assets 2017: $884,963Liabilities 2017: $0Net Assets 2017: $884,9632017Assets 2018: $0Liabilities 2018: $0Net Assets 2018: $02018Assets 2019: $992,541Liabilities 2019: $0Net Assets 2019: $992,5412019Assets 2020: $952,729Liabilities 2020: $0Net Assets 2020: $952,7292020Assets 2021: $1,166,374Liabilities 2021: $7,000Net Assets 2021: $1,159,3742021Assets 2022: $999,258Liabilities 2022: $0Net Assets 2022: $999,2582022Assets 2025: $1,204,232Liabilities 2025: $0Net Assets 2025: $1,204,2322025

Highlighted filing

2019

Assets$992,541
Liabilities$0
Net Assets$992,541
Open 2019 Filing

Operations Trend

Revenue Growth13th percentile

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

$100K$50K$0-$50KRevenue 2017: $35,506Expenses 2017: $13,726Net Income 2017: $21,7802017Revenue 2018: $84,239Expenses 2018: $19,944Net Income 2018: $64,2952018Revenue 2019: $63,810Expenses 2019: $25,853Net Income 2019: $37,9572019Revenue 2020: $53,041Expenses 2020: $25,843Net Income 2020: $27,1982020Revenue 2021: $57,428Expenses 2021: $27,040Net Income 2021: $30,3882021Revenue 2022: $82,082Expenses 2022: $23,120Net Income 2022: $58,9622022Revenue 2025: $67,308Expenses 2025: $82,376Net Income 2025: -$15,0682025

Highlighted filing

2019

Revenue$63,810
Expenses$25,853
Net Income$37,957
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Nov 19, 2019
Return Version
2018v3.1
Gross Receipts
$63,810
Mission and Program Overview

Mission

The foundation provides funding for scholarships to graduating grant county seniors, as well as grant money to finance education projects such as character education and model classroom grants in the grant county school district.

The Foundation provides funding for scholarships to graduating Grant County seniors, as well as grant money to finance education projects such as character education

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$945,896$992,541▲ $46,645
Investments in Publicly Traded Securities$939,035$980,692▲ $41,657
Savings and Temporary Cash Investments$6,861$11,849▲ $4,988
Total Assets$945,896$992,541▲ $46,645
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$945,896$992,541▲ $46,645
Total Liabilities and Net Assets / Fund Balance$945,896$992,541▲ $46,645
Compensation and Service Providers
Top Officer Pay91st percentile

Employees

NameTitleFull / Part TimeOtherTotal
Matt MorganSuperintendentFT$116,347$116,347
Jodi MulliganGrant County H.S. DesigneeFT$71,288$71,288
Nancy HoweSecretaryFT$49,331$49,331
charlotte SchmidtBoard Designee-$2,400$2,400

Board Members and Trustees

NameTitle
Barbara GayheartPresident
Carolyn Thomas ThompsonVice President
Billie CahillMember
Bob TrueMember
Dorothy RyanMember
Elizabeth ChandlerMember
Jacqalynn Ammer RileyMember
Jim ColsonMember
Jo Ann BrillMember
Ron LivingoodMember
Tena WebsterTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$100
Program Service Revenue
$0
Investment Income
$63,710
Other Revenue
$0
All Other Contributions
$100
Change in Net Assets
$37,957
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$15,713
Other Expenses$10,140
Total Fundraising Expense$2,316
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$15,713--$15,713
Fees for Service Investment Mgmnt Fees$0$7,024$0$7,024
All Other Expenses$0$0$2,316$2,316
Fees for Services Accounting$0$800$0$800
Total Functional Expenses$15,713$7,824$2,316$25,853
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
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
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
No
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
Filing and Contact Details

Filer

Filer Name
Grant County Schools Education Foundation Inc
EIN
46-0532874
Phone
8598243323
Address
820 Arnie Risen Blvd, Williamstown, KY 41097

Signing Officer

Name
Carolyn Thomas Thompson
Title
Vice President
Phone
8598243323
Signed
2019-11-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carolyn Thomas Thompson
Formed
2012
Legal Domicile
Ky
Voting Board Members
0
Independent Board Members
0
Employees
0
Volunteers
13

Preparer

Firm
Bottom Line Services
Address
486 Helton Street, Williamstown, KY 41097
Preparer
Todd W Reed
Phone
8598247800
Supplemental Narrative

Additional Explanations

Pt VI, Line 1A

“Per the BYLAWS: Article Three: Board of Directors: "General Powers. The business and affairs of the Corporation shall be managed by the Board of Directors,but the Board of Directors may delegate its authority to its corporate officers, or to an exceutive committee if established by the board, as provided in these By-Laws."”

Pt VI, Line 12C

“Governing members complete a conflict of interest disclosure and it is reviewed and filed.”

Pt VI, Line 8A

“Minutes and notes were maintained for actions taken.”

Pt VI, Line 8B

“Minutes and notes were maintained for actions taken.”

Pt VI, Line 11B

“Draft copies of the return are sent to all board members prior to signature and filing.”

Pt VI, Line 19

“All board members have signed a conflict of interest statement. Financial records are available upon request.”

Pt VI, Line 2

“Certain board members share employment through the Grant County Schools.”

Pt VI, Line 3

“Per the BYLAWS: Article Three: Board of Directors: "General Powers. The business and affairs of the Corporation shall be managed by the Board of Directors,but the Board of Directors may delegate its authority to its corporate officers, or to an exceutive committee if established by the board, as provided in these By-Laws."”

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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0717
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0292347
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0514655
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0877617
IRS990ScheduleA/TotalSupportAmt0937076
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Per the BYLAWS: Article Three: Board of Directors: "General Powers. The business and affairs of the Corporation shall be managed by the Board of Directors,but the Board of Directors may delegate its authority to its corporate officers, or to an exceutive committee if established by the board, as provided in these By-Laws."
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Governing members complete a conflict of interest disclosure and it is reviewed and filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Minutes and notes were maintained for actions taken.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Minutes and notes were maintained for actions taken.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Draft copies of the return are sent to all board members prior to signature and filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5All board members have signed a conflict of interest statement. Financial records are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Certain board members share employment through the Grant County Schools.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Per the BYLAWS: Article Three: Board of Directors: "General Powers. The business and affairs of the Corporation shall be managed by the Board of Directors,but the Board of Directors may delegate its authority to its corporate officers, or to an exceutive committee if established by the board, as provided in these By-Laws."
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 1a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 8a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Pt VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Pt VI, Line 3
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Grant County Board of Education
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0616001380
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0820 Arnie Risen Blvd
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Williamstown
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0KY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd041097
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0true
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0945896
IRS990/TotalAssetsEOYAmt0992541
IRS990/TotalAssetsGrp/BOYAmt0945896
IRS990/TotalAssetsGrp/EOYAmt0992541
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0100
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt02316
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt07824
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt015713
IRS990/TotalFunctionalExpensesGrp/TotalAmt025853
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0945896
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0992541
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt015713
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt063710
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt063810
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt013
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0945896
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0992541
IRS990/TotReportableCompRltdOrgAmt0239366
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0820 Arnie Risen Blvd
IRS990/USAddress/CityNm0Williamstown
IRS990/USAddress/StateAbbreviationCd0KY
IRS990/USAddress/ZIPCd041097
IRS990/VotingMembersGoverningBodyCnt00
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Carolyn Thomas Thompson
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Vice President
ReturnHeader/BusinessOfficerGrp/PhoneNum08598243323
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-11-19
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Grant County Schools Education Foundation Inc
ReturnHeader/Filer/BusinessNameControlTxt0GRAN
ReturnHeader/Filer/EIN0460532874
ReturnHeader/Filer/PhoneNum08598243323
ReturnHeader/Filer/USAddress/AddressLine1Txt0820 Arnie Risen Blvd
ReturnHeader/Filer/USAddress/CityNm0Williamstown
ReturnHeader/Filer/USAddress/StateAbbreviationCd0KY
ReturnHeader/Filer/USAddress/ZIPCd041097
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId066D8B28136D009E191149A454A19941A97D9838C

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$992,541
Liabilities
$0
Net assets
$992,541
Revenue
$63,810
Expenses
$25,853
Net income
$37,957
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.20$0.00$1.20$0.07$0.08$0.02
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.00$0.00$1.00$0.08$0.02$0.06
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.17$0.01$1.16$0.06$0.03$0.03
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.95$0.00$0.95$0.05$0.03$0.03
2019Detailed filing. Detailed filing data is available for this year.$0.99$0.00$0.99$0.06$0.03$0.04
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00$0.08$0.02$0.06
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.88$0.00$0.88$0.04$0.01$0.02