Civic Intelligence

The Baker - Hunt Foundation

990 • Fiscal year 2015 • EIN 61-0445824

Jul 01, 2014 to Jun 30, 2015 • Filed on Jan 19, 2016

620 Greenup StreetCovington, KY 41011

(859) 431-0020

Siviq Scores

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

Liabilities / Assets

13th percentile

0.00x

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

13th percentile

0.00x

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

93rd percentile

55%

Higher net margin than 93% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

48th percentile

$59,783

Higher top officer pay than 48% of similar nonprofits.

Top officer pay equals 4.3% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

95th percentile

91%

Faster asset growth than 95% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

94th percentile

107%

Faster revenue growth than 94% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$1,598,568

Up $763,498 (+91%) from 2014

Net Assets

Up

$1,598,568

Up $763,498 (+91%) from 2014

Liabilities

Flat

$0

Flat from 2014

Revenue

Up

$1,385,845

Up $715,898 (+107%) from 2014

Expenses

Up

$622,347

Up $10,460 (+1.7%) from 2014

Net Income

Up

$763,498

Up $705,438 (+1215%) from 2014

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2010: $93,156Liabilities 2010: $0Net Assets 2010: $93,1562010Assets 2011: $264,050Liabilities 2011: $0Net Assets 2011: $264,0502011Assets 2012: $433,466Liabilities 2012: $0Net Assets 2012: $433,4662012Assets 2013: $801,831Liabilities 2013: $0Net Assets 2013: $801,8312013Assets 2014: $835,070Liabilities 2014: $0Net Assets 2014: $835,0702014Assets 2015: $1,598,568Liabilities 2015: $0Net Assets 2015: $1,598,5682015Assets 2016: $1,727,040Liabilities 2016: $0Net Assets 2016: $1,727,0402016Assets 2017: $1,984,904Liabilities 2017: $0Net Assets 2017: $1,984,9042017Assets 2018: $1,898,635Liabilities 2018: $0Net Assets 2018: $1,898,6352018Assets 2019: $1,697,780Liabilities 2019: $0Net Assets 2019: $1,697,7802019Assets 2020: $495,798Liabilities 2020: $0Net Assets 2020: $495,7982020Assets 2021: $705,341Liabilities 2021: $0Net Assets 2021: $705,3412021Assets 2022: $705,747Liabilities 2022: $0Net Assets 2022: $705,7472022Assets 2023: $769,609Liabilities 2023: $0Net Assets 2023: $769,6092023Assets 2024: $793,628Liabilities 2024: $0Net Assets 2024: $793,6282024

Highlighted filing

2015

Assets$1,598,568
Liabilities$0
Net Assets$1,598,568

Operations Trend

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

$2.0M$1.0M$0-$1.0M-$2.0MExpenses 2010: $424,3342010Expenses 2011: $444,7902011Expenses 2012: $505,0222012Expenses 2013: $478,9172013Revenue 2014: $669,947Expenses 2014: $611,887Net Income 2014: $58,0602014Revenue 2015: $1,385,845Expenses 2015: $622,347Net Income 2015: $763,4982015Revenue 2016: $669,390Expenses 2016: $596,398Net Income 2016: $72,9922016Revenue 2017: $837,244Expenses 2017: $755,492Net Income 2017: $81,7522017Revenue 2018: $770,092Expenses 2018: $657,804Net Income 2018: $112,2882018Revenue 2019: $815,460Expenses 2019: $1,010,392Net Income 2019: -$194,9322019Revenue 2020: $762,603Expenses 2020: $1,964,585Net Income 2020: -$1,201,9822020Revenue 2021: $789,508Expenses 2021: $579,965Net Income 2021: $209,5432021Revenue 2022: $860,286Expenses 2022: $859,880Net Income 2022: $4062022Revenue 2023: $918,063Expenses 2023: $854,201Net Income 2023: $63,8622023Revenue 2024: $946,210Expenses 2024: $922,191Net Income 2024: $24,0192024

Highlighted filing

2015

Revenue$1,385,845
Expenses$622,347
Net Income$763,498
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Jan 19, 2016
Return Version
2014v6.0
Gross Receipts
$1,409,019
Mission and Program Overview

Mission

Art education & appreciation

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$835,070$918,091▲ $83,021
Investments in Publicly Traded Securities-$680,477-
Total Assets$835,070$1,598,568▲ $763,498
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$835,070$1,598,568▲ $763,498
Total Net Assets Fund Balance$835,070$1,598,568▲ $763,498
Total Liabilities and Net Assets / Fund Balance$835,070$1,598,568▲ $763,498
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Ray KingsburyExecutive DiPT$59,783$59,783

Board Members and Trustees

NameTitle
Dan GroneckPresident
Paul SartoriTreasurer
Liz GrubowVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$820,298
Program Service Revenue
$182,776
Investment Income
$363,761
Other Revenue
$19,010
All Other Contributions
$820,298
Change in Net Assets
$763,498

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,385,845
Revenue Not Reported on Form 990
$14,154
Total Revenue per Audited Statements
$1,399,999
Total Revenue per Form 990
$1,385,845
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$418,676
Salaries, Compensation, and Employee Benefits$194,369
Grants and Similar Amounts Paid$9,302
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$92,264$22,913-$115,177
Current Officers, Directors, Trustees, and Key Employees-$60,668-$60,668
Occupancy$31,903$3,621-$35,524
Other Expenses$22,244$5,839-$22,244
Insurance$14,106$5,623-$19,729
Payroll Taxes$9,818$8,706-$18,524
All Other Expenses$2,947$9,730-$12,677
Grants to Domestic Individuals$9,302--$9,302
Advertising$5,929--$5,929
Office Expenses-$5,086-$5,086
Fees for Services Accounting-$3,800-$3,800
Fees for Services Legal-$1,800-$1,800
Fees for Services Other-$1,523-$1,523
Total Functional Expenses$493,038$129,309$0$622,347

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$636,501
Expenses per Audited Statements$622,347
Total Expenses per Form 990$622,347
Expenses Not Reported on Form 990$14,154
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$39,023
Fundraising Direct Expenses$23,174
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Twilight Event$25,480$25,480$6,896$18,584
Miscellaneous$13,543$13,543$14,778$-1,235
Total Events$39,023$39,023$23,174$15,849
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
Audit committee
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The governing body reviews the 990 as part of one of the board meetings.

Form 990, Page 6, Part VI, Line 19

The organization makes its governing documents and financial statements available to the public upon request

Filing and Contact Details

Filer

Filer Name
The Baker - Hunt Foundation
EIN
61-0445824
Phone
8594310020
Address
620 GREENUP STREET, COVINGTON, KY 41011

Signing Officer

Name
Ray Kingsbury
Title
Executive Director
Phone
8594310020
Signed
2016-01-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ray Kingsbury
Formed
1922
Legal Domicile
Ky
Voting Board Members
4
Independent Board Members
4
Employees
6
Volunteers
14

Preparer

Firm
Anneken Huey & Moser Pllc
Address
909 WRIGHTS SUMMIT PARKWAY STE 12, FORT WRIGHT, KY 41011
Preparer
Dorothy F Hayescpa
Phone
8593315622
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Funddraising expenses 14,154 fundraising expenses -14,154

Financial Statement Notes

Schedule D, Page 3, Part X

The foundation has adopted the provisions of the accounting pronouncement related to accounting for uncertainty in income taxes. The foundation recognized no interest or penalties in the statement of functional expenses - cash basis for both the years ended june 30, 2015 and june 30, 2014. If the situation arose in which the foundation would have interest to recognize, it would recognize this as interest expense and penalties would be recognized in other expenses. Tax years still open under federal and state statute of limitations remain subject to review and change. Based on the evaluation of the foundation's tax positions, management believes all positions taken would be upheld under examination. Therefore, no provisions for the effects of uncertain tax positions has been recorded for both the years ended june 30, 2015 and june 30, 2014.

Schedule D, Page 4, Part XI, Line 2D

Funddraising expenses 14,154

Schedule D, Page 4, Part XII, Line 2D

Fundraising expenses 14,154

Raw XML Appendix369 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION HAS ADOPTED THE PROVISIONS OF THE ACCOUNTING PRONOUNCEMENT RELATED TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE FOUNDATION RECOGNIZED NO INTEREST OR PENALTIES IN THE STATEMENT OF FUNCTIONAL EXPENSES - CASH BASIS FOR BOTH THE YEARS ENDED JUNE 30, 2015 AND JUNE 30, 2014. IF THE SITUATION AROSE IN WHICH THE FOUNDATION WOULD HAVE INTEREST TO RECOGNIZE, IT WOULD RECOGNIZE THIS AS INTEREST EXPENSE AND PENALTIES WOULD BE RECOGNIZED IN OTHER EXPENSES. TAX YEARS STILL OPEN UNDER FEDERAL AND STATE STATUTE OF LIMITATIONS REMAIN SUBJECT TO REVIEW AND CHANGE. BASED ON THE EVALUATION OF THE FOUNDATION'S TAX POSITIONS, MANAGEMENT BELIEVES ALL POSITIONS TAKEN WOULD BE UPHELD UNDER EXAMINATION. THEREFORE, NO PROVISIONS FOR THE EFFECTS OF UNCERTAIN TAX POSITIONS HAS BEEN RECORDED FOR BOTH THE YEARS ENDED JUNE 30, 2015 AND JUNE 30, 2014.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FUNDDRAISING EXPENSES 14,154
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2FUNDRAISING EXPENSES 14,154
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 4, PART XII, LINE 2D
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0ALL MEDIA RELEASES ARE ACCOMPANIED BY A STATEMENT THAT ALL ACTIVITIES ARE OPEN TO EVERYONE ON A NON-DISCRIMINATORY BASIS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1SCHEDULE E PART I, LINE 4 EXPLANATION OF DOCUMENT RETENTION MAINTAINING RECORDS INDICATING RACIAL COMPOSITION OF THE ORGANIZATION WOULD CONFLICT WITH THE NON-DISCRIMINATORY POLICY.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 4
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesEvent1Amt01500
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesTotalEventsAmt01500
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt023174
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0TWILIGHT EVENT
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0MISCELLANEOUS
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt025480
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt013543
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt039023
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt025480
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt013543
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt039023
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt015849
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt021674
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt06896
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt014778
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt09302
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0FMV
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE GOVERNING BODY REVIEWS THE 990 AS PART OF ONE OF THE BOARD MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FUNDDRAISING EXPENSES 14,154 FUNDRAISING EXPENSES -14,154
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0KY
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0835070
IRS990/TotalAssetsEOYAmt01598568
IRS990/TotalAssetsGrp/BOYAmt0835070
IRS990/TotalAssetsGrp/EOYAmt01598568
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0820298
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0129309
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0493038
IRS990/TotalFunctionalExpensesGrp/TotalAmt0622347
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0835070
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01598568
IRS990/TotalProgramServiceExpensesAmt0493038
IRS990/TotalProgramServiceRevenueAmt0182776
IRS990/TotalReportableCompFromOrgAmt059783
IRS990/TotalRevenueGrp/ExclusionAmt0382315
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0183232
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01385845
IRS990/TotalVolunteersCnt014
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0835070
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01598568
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0835070
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01598568
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0620 GREENUP STREET
IRS990/USAddress/CityNm0COVINGTON
IRS990/USAddress/StateAbbreviationCd0KY
IRS990/USAddress/ZIPCd041011
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.BAKERHUNT.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RAY KINGSBURY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08594310020
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-01-19
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE BAKER - HUNT FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0BAKE
ReturnHeader/Filer/EIN0610445824
ReturnHeader/Filer/PhoneNum08594310020
ReturnHeader/Filer/USAddress/AddressLine1Txt0620 GREENUP STREET
ReturnHeader/Filer/USAddress/CityNm0COVINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0KY
ReturnHeader/Filer/USAddress/ZIPCd041011
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0113799330
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ANNEKEN HUEY & MOSER PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0909 WRIGHTS SUMMIT PARKWAY STE 12
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FORT WRIGHT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0KY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd041011
ReturnHeader/PreparerPersonGrp/PhoneNum08593315622
ReturnHeader/PreparerPersonGrp/PreparationDt02016-02-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DOROTHY F HAYESCPA
ReturnHeader/ReturnTs02016-02-13T12:12:45-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-07-01
ReturnHeader/TaxPeriodEndDt02015-06-30
ReturnHeader/TaxYr02014

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.79$0.00$0.79$0.95$0.92$0.02
2023Summary only. Only limited summary data is available for this year.$0.77$0.00$0.77$0.92$0.85$0.06
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.71$0.00$0.71$0.86$0.86$0.00
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.71$0.00$0.71$0.79$0.58$0.21
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.50$0.00$0.50$0.76$1.96$1.20
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.70$0.00$1.70$0.82$1.01$0.19
2018Summary only. Only limited summary data is available for this year.$1.90$0.00$1.90$0.77$0.66$0.11
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.98$0.00$1.98$0.84$0.76$0.08
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.73$0.00$1.73$0.67$0.60$0.07
2015Detailed filing. Detailed filing data is available for this year.$1.60$0.00$1.60$1.39$0.62$0.76
2014Detailed filing. Detailed filing data is available for this year.$0.84$0.00$0.84$0.67$0.61$0.06
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.80$0.00$0.80$0.48
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.43$0.00$0.43$0.51
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.26$0.00$0.26$0.44
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.09$0.00$0.09$0.42