Civic Intelligence

Kernel Press Inc

990 • Fiscal year 2018 • EIN 61-0719986

Jul 01, 2017 to Jun 30, 2018 • Filed on Jan 28, 2019

337 Mcvey Hall University Of KYLexington, KY 40506

(859) 257-6524

Siviq Scores

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

Liabilities / Assets

80th percentile

0.14x

Higher debt load relative to assets than 80% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

75th percentile

0.04x

Higher debt load relative to revenue than 75% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

12th percentile

-29%

Higher net margin than 12% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2018

Asset Growth

9th percentile

-47%

Faster asset growth than 9% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

23rd percentile

-21%

Faster revenue growth than 23% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Down

$56,810

Down $49,921 (-47%) from 2017

Net Assets

Down

$49,094

Down $54,737 (-53%) from 2017

Liabilities

Up

$7,716

Up $4,816 (+166%) from 2017

Revenue

Down

$185,695

Down $48,595 (-21%) from 2017

Expenses

Down

$240,432

Down $24,643 (-9.3%) from 2017

Net Income

Down

-$54,737

Down $23,952 (-78%) from 2017

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2011: $287,277Liabilities 2011: $2,274Net Assets 2011: $285,0032011Assets 2012: $227,543Liabilities 2012: $3,407Net Assets 2012: $224,1362012Assets 2013: $159,665Liabilities 2013: $24,091Net Assets 2013: $135,5742013Assets 2014: $137,032Liabilities 2014: $32,309Net Assets 2014: $104,7232014Assets 2015: $128,104Liabilities 2015: $5,871Net Assets 2015: $122,2332015Assets 2016: $137,904Liabilities 2016: $3,288Net Assets 2016: $134,6162016Assets 2017: $106,731Liabilities 2017: $2,900Net Assets 2017: $103,8312017Assets 2018: $56,810Liabilities 2018: $7,716Net Assets 2018: $49,0942018Assets 2019: $34,744Liabilities 2019: $196Net Assets 2019: $34,5482019Assets 2020: $9,127Liabilities 2020: $196Net Assets 2020: $8,9312020Assets 2021: $934Liabilities 2021: $196Net Assets 2021: $7382021

Highlighted filing

2018

Assets$56,810
Liabilities$7,716
Net Assets$49,094

Operations Trend

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

$800K$600K$400K$200K$0-$200KRevenue 2011: $536,943Expenses 2011: $596,164Net Income 2011: -$59,2212011Expenses 2012: $615,9382012Expenses 2013: $567,9662013Revenue 2014: $495,452Expenses 2014: $526,303Net Income 2014: -$30,8512014Revenue 2015: $375,115Expenses 2015: $357,605Net Income 2015: $17,5102015Revenue 2016: $253,531Expenses 2016: $241,148Net Income 2016: $12,3832016Revenue 2017: $234,290Expenses 2017: $265,075Net Income 2017: -$30,7852017Revenue 2018: $185,695Expenses 2018: $240,432Net Income 2018: -$54,7372018Revenue 2019: $123,283Expenses 2019: $137,829Net Income 2019: -$14,5462019Revenue 2020: $99,802Expenses 2020: $125,419Net Income 2020: -$25,6172020Revenue 2021: $59,437Expenses 2021: $67,630Net Income 2021: -$8,1932021

Highlighted filing

2018

Revenue$185,695
Expenses$240,432
Net Income-$54,737
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Jan 28, 2019
Return Version
2017v2.3
Gross Receipts
$185,695
Mission and Program Overview

Mission

The organization's mission is to educate college students in the area of journalism through publication and advertising sales assignments for a campus newspaper.

The primary exempt purpose of this organization is to educate college students in the area of journalism through publication and advertising sales assignments for a campus newspaper.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$103,831$49,094▼ $54,737
Cash and Non-Interest-Bearing Accounts$83,011$35,559▼ $47,452
Savings and Temporary Cash Investments$19,217$18,215▼ $1,002
Land, Buildings, and Equipment, Net$4,503$3,036▼ $1,467
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$106,731$56,810▼ $49,921
Liabilities
Accounts Payable and Accrued Expenses$2,900$7,716▲ $4,816
Total Liabilities$2,900$7,716▲ $4,816
Net Assets / Fund Balance
Total Net Assets Fund Balance$103,831$49,094▼ $54,737
Total Liabilities and Net Assets / Fund Balance$106,731$56,810▼ $49,921

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,036$94,192$97,228
Compensation and Service Providers

Employees

NameTitleBaseOtherTotal
Mary BolinMember-$130,808$130,808
Mike FarrellMember-$111,401$111,401
Scoobie RyanMember-$89,249$89,249
Greg HallMember-$79,716$79,716
Ryan CraigMember-$75,000$75,000
Paidin DermodyMember$1,700-$1,700

Board Members and Trustees

NameTitle
Duane BoniferChairman
Chris PooreMember
Jack GuthrieMember
Tom CaudillMember
Tracy StaleySecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$12,646
Program Service Revenue
$173,042
Investment Income
$7
Other Revenue
$0
All Other Contributions
$12,646
Change in Net Assets
$-54,737
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$130,179
Other Expenses$110,253
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$99,031$11,003-$110,034
Other Employee Benefits$10,023$831-$10,854
All Other Expenses$8,178$1,907-$10,085
Fees for Services Accounting-$9,725-$9,725
Payroll Taxes$8,362$929-$9,291
Insurance$8,266--$8,266
Fees for Services Legal-$7,426-$7,426
Advertising$5,469--$5,469
Travel$3,470--$3,470
Fees for Services Other$3,169--$3,169
Other Expenses$2,960$1,589-$2,960
Depreciation Depletion$1,317$146-$1,463
Total Functional Expenses$203,938$36,494$0$240,432
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

Governance Explanations

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

The organization reviews form 990 at a board meeting before filing the return.

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

The organization has a conflict of interest policy which it monitors and updates as necessary.

Form 990, Part VI, Section C, Line 19

The governing documents, conflict of interest policy and financial statements are available to the public upon written request.

Filing and Contact Details

Filer

Filer Name
Kernel Press Inc
EIN
61-0719986
Phone
8592576524
Address
337 MCVEY HALL UNIVERSITY OF KY, LEXINGTON, KY 40506

Signing Officer

Name
Duane Bonifer
Title
President
Phone
8592577703
Signed
2019-01-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Duane Bonifer
Formed
1971
Legal Domicile
Ky
Voting Board Members
11
Independent Board Members
11
Employees
75
Volunteers
0

Preparer

Firm
Blue & Co LLC
Address
250 WEST MAIN STREET SUITE 2900, LEXINGTON, KY 40507
Preparer
James K Pleasants
Phone
8592531100
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IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0KERNEL PRESS IS ASSOCIATED WITH THE UNIVERSITY OF KENTUCKY, A TAX-EXEMPT ENTITY. THE KERNEL PRESS HAS A HISTORIC, CONTINUING RELATIONSHIP WITH THE UNIVERSITY OF KENTUCKY.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1EMPLOYEES OF THE UNIVERSITY OF KENTUCKY, THE SUPPORTED ORGANIZATION, HAVE REPRESENTATION ON THE KERNEL PRESS BOARD THROUGH FIVE MEMBERS OUT OF ELEVEN .
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A: PART IV SECTION A LINE 1
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1SCHEDULE A: PART IV SECTION B LINE 1
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/OtherSupportSumAmt09000
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0616001218
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd00
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt09000
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0UNIVERSITY OF KENTUCKY LEXINGTON KY 40506
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt03036
IRS990ScheduleD/EquipmentGrp/DepreciationAmt094192
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt097228
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03036
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION REVIEWS FORM 990 AT A BOARD MEETING BEFORE FILING THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY WHICH IT MONITORS AND UPDATES AS NECESSARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0UNIVERSITY OF KENTUCKY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0616001218
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0EDUCATIONAL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0KY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0EDUCATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 2
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0410 ADMINISTRATION DR
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0LEXINGTON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0KY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd040506
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt09000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FAIR VALUE OF DONATED SPACE
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0UNIVERSITY OF KENTUCKY
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0N
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0KY
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0106731
IRS990/TotalAssetsEOYAmt056810
IRS990/TotalAssetsGrp/BOYAmt0106731
IRS990/TotalAssetsGrp/EOYAmt056810
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt012646
IRS990/TotalEmployeeCnt075
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt036494
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0203938
IRS990/TotalFunctionalExpensesGrp/TotalAmt0240432
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02900
IRS990/TotalLiabilitiesEOYAmt07716
IRS990/TotalLiabilitiesGrp/BOYAmt02900
IRS990/TotalLiabilitiesGrp/EOYAmt07716
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0103831
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt049094
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0203938
IRS990/TotalProgramServiceRevenueAmt0173042
IRS990/TotalReportableCompFromOrgAmt01700
IRS990/TotalRevenueGrp/ExclusionAmt07
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0173042
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0185695
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0106731
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt056810
IRS990/TotReportableCompRltdOrgAmt0486174
IRS990/TravelGrp/ProgramServicesAmt03470
IRS990/TravelGrp/TotalAmt03470
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0337 MCVEY HALL UNIVERSITY OF
IRS990/USAddress/AddressLine2Txt0KENTUCKY
IRS990/USAddress/CityNm0LEXINGTON
IRS990/USAddress/StateAbbreviationCd0KY
IRS990/USAddress/ZIPCd040506
IRS990/VotingMembersGoverningBodyCnt011

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