Civic Intelligence

Grant County Schools Education Foundation

990 • Fiscal year 2023 • EIN 46-0532874

Jul 01, 2022 to Jun 30, 2023 • Filed on Sep 15, 2023

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

17th percentile

0.00x

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

17th percentile

0.00x

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

92nd percentile

57%

Higher net margin than 92% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

79th percentile

$131,624

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 186.3% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

54th percentile

5.9%

Faster asset growth than 54% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

22nd percentile

-14%

Faster revenue growth than 22% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets17th percentile

Assets

Up

$1,058,614

Up $59,356 (+5.9%) from 2022

Net Assets

Up

$1,058,614

Up $59,356 (+5.9%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue17th percentileNet Margin92nd percentile

Revenue

Down

$70,646

Down $11,436 (-14%) from 2022

Expenses

Up

$30,286

Up $7,166 (+31%) from 2022

Net Income

Down

$40,360

Down $18,602 (-32%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth54th 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 2023: $1,058,614Liabilities 2023: $0Net Assets 2023: $1,058,6142023Assets 2025: $1,204,232Liabilities 2025: $0Net Assets 2025: $1,204,2322025

Highlighted filing

2023

Assets$1,058,614
Liabilities$0
Net Assets$1,058,614
Open 2023 Filing

Operations Trend

Revenue Growth22nd 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 2023: $70,646Expenses 2023: $30,286Net Income 2023: $40,3602023Revenue 2025: $67,308Expenses 2025: $82,376Net Income 2025: -$15,0682025

Highlighted filing

2023

Revenue$70,646
Expenses$30,286
Net Income$40,360
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Sep 15, 2023
Return Version
2022v5.0
Gross Receipts
$70,646
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$999,258$1,058,614▲ $59,356
Investments in Publicly Traded Securities$963,919$1,045,897▲ $81,978
Savings and Temporary Cash Investments$35,339$12,717▼ $22,622
Total Assets$999,258$1,058,614▲ $59,356
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$999,258$1,058,614▲ $59,356
Total Liabilities and Net Assets / Fund Balance$999,258$1,058,614▲ $59,356
Compensation and Service Providers
Top Officer Pay79th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Matt MorganSuperintendeFT$131,624$131,624
Danielle HaleySecretaryFT$58,139$58,139
Charlotte SchmidtBoard Design-$3,150$3,150

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$70,646
Other Revenue
$0
Change in Net Assets
$40,360
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$20,100
Other Expenses$10,186
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$20,100--$20,100
Fees for Service Investment Mgmnt Fees-$7,609-$7,609
Conferences and Meetings-$1,282-$1,282
Fees for Services Accounting-$1,250-$1,250
Other Expenses-$15-$15
Total Functional Expenses$20,100$10,186$0$30,286
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 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 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 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
2023-09-15
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

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/Form990ScheduleAPartVIGrp/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. THE FOUNDATION HAS PLACED MOST OF IT'S CAPITAL INTO INVESTMENT FUNDS IN ORDER TO INCREASE THE AMOUNT AVAILABLE FOR THESE CHARITABLE ACTIVITIES. DUE TO SEVERAL LARGE CONTRIBUTIONS IN IT'S EARLY YEARS OF EXISTENCE, THESE FUNDS HAVE GROWN TO A REPRESENT A SUBSTANTIAL AMOUNT OF THE FOUNDATION'S CAPITAL AND INCOMING CASH FLOWS. THE FOUNDATION ACTIVELY SOLICITS FUNDS FROM THE PUBLIC. THE CONTRIBUTORS TO THE FOUNDATION HAVE BEEN FROM SEVERAL UNRELATED MEMBERS OF THE GENERAL PUBLIC. THE REPRESENTATIVE GOVERNING BODY ARE INDIVIDUALS FROM THE GRANT COUNTY SCHOOLS AND SEVERAL COMMUNITY LEADERS. THESE INDIVIDUALS BRING SPECIAL KNOWLEDGE AND REPRESENT A BROAD CROSS-SECTION OF VIEWS AND INTEREST.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 17B
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt09413
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0100
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt09513
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt038920
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt031760
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt033715
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt053041
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt036287
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0193723
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.04680
IRS990ScheduleA/PublicSupportPY170Pct00.22400
IRS990ScheduleA/PublicSupportTotal170Amt09513
IRS990ScheduleA/TenPctFactsCrcmstncsTestPYInd0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt09413
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0100
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt09513
IRS990ScheduleA/TotalSupportAmt0203236
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt020000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt1100
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1MODEL CLASSROOM GRANTS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt04
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt11
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/ExplanationTxt2DRAFT COPIES OF FORM 990 ARE SENT TO ALL BOARD MEMBERS PRIOR TO SIGNATURE AND FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING MEMBERS COMPLETE A CONFLICT OF INTEREST DISCLOSURE AND IT IS REVIEWED AND FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL 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 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0999258
IRS990/TotalAssetsEOYAmt01058614
IRS990/TotalAssetsGrp/BOYAmt0999258
IRS990/TotalAssetsGrp/EOYAmt01058614
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt010186
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt020100
IRS990/TotalFunctionalExpensesGrp/TotalAmt030286
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0999258
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01058614
IRS990/TotalProgramServiceExpensesAmt020100
IRS990/TotalRevenueGrp/ExclusionAmt070646
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt070646
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0999258
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01058614
IRS990/TotReportableCompRltdOrgAmt0192913
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/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CAROLYN THOMAS THOMPSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08598243323
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-09-15
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
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0611210805
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BOTTOM LINE SERVICES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0486 HELTON RD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WILLIAMSTOWN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0KY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd041097
ReturnHeader/PreparerPersonGrp/PhoneNum08598247800
ReturnHeader/PreparerPersonGrp/PreparationDt02023-09-25
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TODD W REED
ReturnHeader/ReturnTs02023-09-25T12:08:05-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0CAROLYN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0THOMPSON
ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,058,614
Liabilities
$0
Net assets
$1,058,614
Revenue
$70,646
Expenses
$30,286
Net income
$40,360
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
2023Detailed filing. Detailed filing data is available for this year.$1.06$0.00$1.06$0.07$0.03$0.04
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
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