Civic Intelligence

Grant County Schools Education Foundation

990 • Fiscal year 2021 • EIN 46-0532874

Jul 01, 2020 to Jun 30, 2021 • Filed on Oct 15, 2021

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

0.01x

Higher debt load relative to assets than 27% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

55th percentile

0.12x

Higher debt load relative to revenue than 55% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

88th percentile

53%

Higher net margin than 88% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

71st percentile

$101,974

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 177.6% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

71st percentile

22%

Faster asset growth than 71% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

45th percentile

8.3%

Faster revenue growth than 45% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets27th percentile

Assets

Up

$1,166,374

Up $213,645 (+22%) from 2020

Net Assets

Up

$1,159,374

Up $206,645 (+22%) from 2020

Liabilities

Up

$7,000

Up $7,000 from 2020

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin88th percentile

Revenue

Up

$57,428

Up $4,387 (+8.3%) from 2020

Expenses

Up

$27,040

Up $1,197 (+4.6%) from 2020

Net Income

Up

$30,388

Up $3,190 (+12%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth71st percentile

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

2021

Assets$1,166,374
Liabilities$7,000
Net Assets$1,159,374
Open 2021 Filing

Operations Trend

Revenue Growth45th 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

2021

Revenue$57,428
Expenses$27,040
Net Income$30,388
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Oct 15, 2021
Return Version
2020v4.0
Gross Receipts
$57,428
Mission and Program Overview

Mission

The Foundation provides funding for scholarships to graduating Grant County seniors, as well as provides

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$952,729$1,159,374▲ $206,645
Investments in Publicly Traded Securities$947,352$1,146,257▲ $198,905
Savings and Temporary Cash Investments$5,379$20,119▲ $14,740
Cash and Non-Interest-Bearing Accounts$-2$-2→ $0
Total Assets$952,729$1,166,374▲ $213,645
Liabilities
Other Liabilities-$7,000-
Total Liabilities$0$7,000▲ $7,000
Net Assets / Fund Balance
Total Net Assets Fund Balance$952,729$1,159,374▲ $206,645
Total Liabilities and Net Assets / Fund Balance$952,729$1,166,374▲ $213,645
Compensation and Service Providers
Top Officer Pay71st percentile

Employees

NameTitleFull / Part TimeOtherTotal
Matt MorganSuperintendeFT$101,974$101,974
Jodi MulliganGrant CountyFT$62,382$62,382
Nancy HoweMember-$46,298$46,298
Danielle HaleySecretaryFT$34,365$34,365

Board Members and Trustees

NameTitle
Carolyn Thomas ThompsonPresident
Charlotte SchmidtBoard Design
Barbara GayheartMember
Bob TrueMember
Dorothy RyanMember
Elizabeth ChandlerMember
Jacqalynn Ammer RileyMember
Jim ColsonMember
Jo Ann BrillMember
Ron LivingoodMember
Tena WebsterTreasurer
Billie CahillVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$9,413
Program Service Revenue
$0
Investment Income
$48,015
Other Revenue
$0
All Other Contributions
$9,413
Change in Net Assets
$30,388
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$17,500
Other Expenses$9,540
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$17,500--$17,500
Fees for Service Investment Mgmnt Fees-$7,780-$7,780
Fees for Services Accounting-$1,725-$1,725
Other Expenses-$35-$35
Total Functional Expenses$17,500$9,540$0$27,040
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Liabilities$7,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
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
Yes

Governance Explanations

Form 990, Page 6, Part 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 executive comittee if established by the board, as provided in these by-laws."”

Form 990, Page 6, Part 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 executive comittee if established by the board, as provided in these by-laws."”

Form 990, Page 6, Part VI, Line 8A

“Minutes and notes were maintained for actions taken.”

Form 990, Page 6, Part VI, Line 8B

“Minutes and notes were maintained for actions taken.”

Form 990, Page 6, Part VI, Line 11B

“Draft copies of form 990 are sent to all board members prior to signature and filing.”

Form 990, Page 6, Part VI, Line 12C

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

Form 990, Page 6, Part VI, Line 19

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

Filing and Contact Details

Filer

Filer Name
Grant County Schools
EIN
46-0532874
Phone
8598243323
Address
820 ARNIE RISEN BLVD, WILLIAMSTOWN, KY 41097

Signing Officer

Name
Carolyn Thomas Thompson
Title
President
Phone
8598243323
Signed
2021-10-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carolyn Thomas Thompson
Formed
2012
Legal Domicile
Ky
Voting Board Members
16
Independent Board Members
16
Employees
0
Volunteers
16

Preparer

Firm
Bottom Line Services
Address
486 HELTON RD, WILLIAMSTOWN, KY 41097
Preparer
Todd W Reed
Phone
8598247800
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S 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.”

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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt053041
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt036287
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt038081
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt031243
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0192367
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.22670
IRS990ScheduleA/PublicSupportPY170Pct00.64720
IRS990ScheduleA/PublicSupportTotal170Amt056388
IRS990ScheduleA/ThirtyThrPctSuprtTestsPY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt09413
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0100
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt046158
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0717
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt056388
IRS990ScheduleA/TotalSupportAmt0248755
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt07000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OTHER LIABILITIES
IRS990ScheduleD/TotalLiabilityAmt07000
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt017500
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt03
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0SCHOLARSHIPS ARE AWARDED TO ELLIGIBLE STUDENTS BASED UPON CERTAIN SELECTION CRITERIA.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PER 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 EXECUTIVE COMITTEE IF ESTABLISHED BY THE BOARD, AS PROVIDED IN THESE BY-LAWS."
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PER 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 EXECUTIVE COMITTEE IF ESTABLISHED BY THE BOARD, AS PROVIDED IN THESE BY-LAWS."
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MINUTES AND NOTES WERE MAINTAINED FOR ACTIONS TAKEN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MINUTES AND NOTES WERE MAINTAINED FOR ACTIONS TAKEN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DRAFT COPIES OF FORM 990 ARE SENT TO ALL BOARD MEMBERS PRIOR TO SIGNATURE AND FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6GOVERNING MEMBERS COMPLETE A CONFLICT OF INTEREST DISCLOSURE AND IT IS REVIEWED AND FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7ALL BOARD MEMBERS HAVE SIGNED A CONFLICT OF INTEREST STATEMENT. FINANCIAL RECORDS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 1A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 8A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
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/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0952729
IRS990/TotalAssetsEOYAmt01166374
IRS990/TotalAssetsGrp/BOYAmt0952729
IRS990/TotalAssetsGrp/EOYAmt01166374
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt09413
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt09540
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt017500
IRS990/TotalFunctionalExpensesGrp/TotalAmt027040
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt07000
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt07000
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0952729
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01159374
IRS990/TotalProgramServiceExpensesAmt017500
IRS990/TotalRevenueGrp/ExclusionAmt048015
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt057428
IRS990/TotalVolunteersCnt016
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0952729
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01166374
IRS990/TotReportableCompRltdOrgAmt0245019
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0820 ARNIE RISEN BLVD
IRS990/USAddress/CityNm0WILLIAMSTOWN
IRS990/USAddress/StateAbbreviationCd0KY
IRS990/USAddress/ZIPCd041097
IRS990/VotingMembersGoverningBodyCnt016
IRS990/VotingMembersIndependentCnt016
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CAROLYN THOMAS THOMPSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08598243323
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-10-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GRANT COUNTY SCHOOLS
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0EDUCATION FOUNDATION
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

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,166,374
Liabilities
$7,000
Net assets
$1,159,374
Revenue
$57,428
Expenses
$27,040
Net income
$30,388
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
2021Detailed filing. Detailed filing data is available for this year.$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
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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