Civic Intelligence

Kentucky Valley Educational Cooperative

990 • Fiscal year 2014 • EIN 61-0729917

Jul 01, 2013 to Jun 30, 2014 • Filed on Jan 19, 2015

Organization Profile
412 Roy Campbell DriveHazard, KY 41701

(606) 436-3161

Siviq Scores

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

Liabilities / Assets

70th percentile

0.44x

Higher debt load relative to assets than 70% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Liabilities / Revenue

51st percentile

0.20x

Higher debt load relative to revenue than 51% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Net Margin

27th percentile

-3.2%

Higher net margin than 27% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Top Officer Pay

45th percentile

$109,005

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 1.8% of source-year revenue.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Asset Growth

92nd percentile

39%

Faster asset growth than 92% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Revenue Growth

83rd percentile

30%

Faster revenue growth than 83% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets70th percentile

Assets

Up

$2,759,940

Up $779,027 (+39%) from 2013

Net Assets

Down

$1,549,200

Down $191,245 (-11%) from 2013

Liabilities

Up

$1,210,740

Up $970,272 (+403%) from 2013

Revenue And Expenses
Liabilities / Revenue51st percentileNet Margin27th percentile

Revenue

Up

$6,099,222

Up $1,397,759 (+30%) from 2013

Expenses

Up

$6,293,351

Up $2,112,933 (+51%) from 2013

Net Income

Down

-$194,129

Down $715,174 (-137%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth92nd percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $1,080,134Liabilities 2011: $118,064Net Assets 2011: $962,0702011Assets 2012: $1,501,248Liabilities 2012: $289,945Net Assets 2012: $1,211,3032012Assets 2013: $1,980,913Liabilities 2013: $240,468Net Assets 2013: $1,740,4452013Assets 2014: $2,759,940Liabilities 2014: $1,210,740Net Assets 2014: $1,549,2002014Assets 2015: $2,761,106Liabilities 2015: $1,062,664Net Assets 2015: $1,698,4422015Assets 2016: $2,366,061Liabilities 2016: $922,560Net Assets 2016: $1,443,5012016Assets 2017: $2,474,142Liabilities 2017: $901,525Net Assets 2017: $1,572,6172017Assets 2018: $5,023,135Liabilities 2018: $1,077,050Net Assets 2018: $3,946,0852018Assets 2019: $6,630,396Liabilities 2019: $502,166Net Assets 2019: $6,128,2302019Assets 2020: $6,630,396Liabilities 2020: $502,166Net Assets 2020: $6,128,2302020

Highlighted filing

2014

Assets$2,759,940
Liabilities$1,210,740
Net Assets$1,549,200
Open 2014 Filing

Operations Trend

Revenue Growth83rd percentile

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

$15M$10M$5.0M$0-$5.0MRevenue 2011: $4,296,315Expenses 2011: $4,271,511Net Income 2011: $24,8042011Revenue 2012: $5,962,996Expenses 2012: $5,759,015Net Income 2012: $203,9812012Revenue 2013: $4,701,463Expenses 2013: $4,180,418Net Income 2013: $521,0452013Revenue 2014: $6,099,222Expenses 2014: $6,293,351Net Income 2014: -$194,1292014Revenue 2015: $9,943,836Expenses 2015: $9,801,600Net Income 2015: $142,2362015Revenue 2016: $8,512,769Expenses 2016: $8,767,710Net Income 2016: -$254,9412016Revenue 2017: $9,426,650Expenses 2017: $9,297,534Net Income 2017: $129,1162017Revenue 2018: $12,131,174Expenses 2018: $9,766,022Net Income 2018: $2,365,1522018Revenue 2019: $12,855,041Expenses 2019: $10,672,896Net Income 2019: $2,182,1452019Revenue 2020: $0Expenses 2020: $0Net Income 2020: $02020

Highlighted filing

2014

Revenue$6,099,222
Expenses$6,293,351
Net Income-$194,129
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Jan 19, 2015
Return Version
2013v4.0
Gross Receipts
$6,099,222
Mission and Program Overview

Mission

Kvec serves 19 local boards of education by providing payroll and professional development services, technology support, and adminstration of federal/state grants

Kvec serves local boards of education by providing payroll and professional development service technology support and adminstration of federal and state grants

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,854,266$1,430,484▼ $423,782
Accounts Receivable$124,802$1,325,085▲ $1,200,283
Other Notes and Loans Receivable, Net$1,845$4,371▲ $2,526
Total Assets$1,980,913$2,759,940▲ $779,027
Liabilities
Accounts Payable and Accrued Expenses$240,468$1,210,740▲ $970,272
Total Liabilities$240,468$1,210,740▲ $970,272
Net Assets / Fund Balance
Unrestricted Net Assets$1,740,445$1,549,200▼ $191,245
Total Net Assets Fund Balance$1,740,445$1,549,200▼ $191,245
Total Liabilities and Net Assets / Fund Balance$1,980,913$2,759,940▲ $779,027
Compensation and Service Providers
Top Officer Pay45th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jeff HawkinsExecutive DirectorFT$102,863$6,142$109,005

Board Members and Trustees

NameTitle
Coy SamonsBoard Chair
Jerry GreenVice Chair
Antony LittleBoard Member
David LesterBoard Member
Dr H WebbBoard Member
Dr J EvansBoard Member
Dr T BobrowskiBoard Member
F BowlingBoard Member
Jonathan JettBoard Member
Kenny BellBoard Member
Kim KingBoard Member
Kyle LivelyBoard Member
Larry HammondBoard Member
S HolbrookBoard Member
Sandra JohnsonBoard Member
Steve MartinBoard Member
Tom SalyerBoard Member
Tony SergentBoard Member
Michael HowardBoard Member2
Revenue and Support

Revenue Composition

Contributions and Grants
$4,945,185
Program Service Revenue
$1,145,780
Investment Income
$8,257
Other Revenue
$0
Change in Net Assets
$-194,129

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,099,222
Total Revenue per Audited Statements
$6,099,222
Total Revenue per Form 990
$6,099,222
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,591,188
Salaries, Compensation, and Employee Benefits$1,702,163
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$3,582,360$83,750-$3,666,110
Other Salaries and Wages$1,403,325$26,999-$1,430,324
Other Expenses---$210,864
Travel$154,007$5,790-$159,797
Current Officers, Directors, Trustees, and Key Employees-$152,330-$152,330
Pension Plan Contributions$119,509--$119,509
Conferences and Meetings$47,535$51,728-$99,263
Office Expenses$1,000$20,877-$21,877
Total Functional Expenses$5,879,842$413,509$0$6,293,351

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,293,351
Total Expenses per Audited Statements$6,293,351
Total Expenses per Form 990$6,293,351
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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

Part VI Section B Line 10

“Part vi section b line 10 the business manager and executive director review the tax return prior to submission to the irs”

Part VI Section B Line 12C

“Part vi section b line 12c vendors are pre-approved by the board of directors employees monitor the vendor list to ensure compliance - the board deals with conflict of interest issues at meetings”

Part VI Section C Line 19

“Part vi section c line 19 kvec makes its governing documents, policies, and financial information available to the public via its website or by calling the business office”

Filing and Contact Details

Filer

EIN
61-0729917
Phone
6064363161

Signing Officer

Name
Jeff Hawkins
Title
Executive Director
Signed
2015-01-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeff Hawkins
Legal Domicile
Ky
Voting Board Members
19
Independent Board Members
19
Employees
0

Preparer

Preparer
Brenda K Morgan CPA
Phone
6067431884
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IRS990/PrincipalOfficerNm0JEFF HAWKINS
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IRS990/PYContributionsGrantsAmt03159670
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IRS990/PYTotalRevenueAmt04701463
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IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
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IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01854266
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01430484
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt04945185
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt03159670
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt04248274
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt02549508
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IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt07534337
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt04945185
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IRS990ScheduleD/ExpensesSubtotalAmt06293351
IRS990ScheduleD/RevenueSubtotalAmt06099222
IRS990ScheduleD/TotalExpensesPerForm990Amt06293351
IRS990ScheduleD/TotalRevenuePerForm990Amt06099222
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06099222
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06293351
IRS990/ScheduleJRequiredInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PART VI SECTION B LINE 10 THE BUSINESS MANAGER AND EXECUTIVE DIRECTOR REVIEW THE TAX RETURN PRIOR TO SUBMISSION TO THE IRS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PART VI SECTION B LINE 12C VENDORS ARE PRE-APPROVED BY THE BOARD OF DIRECTORS EMPLOYEES MONITOR THE VENDOR LIST TO ENSURE COMPLIANCE - THE BOARD DEALS WITH CONFLICT OF INTEREST ISSUES AT MEETINGS
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IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
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IRS990/TerminateOperationsInd0false
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt05879842
IRS990/TotalFunctionalExpensesGrp/TotalAmt06293351
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IRS990/TotalOtherCompensationAmt06142
IRS990/TotalProgramServiceExpensesAmt05879842
IRS990/TotalProgramServiceRevenueAmt01145780
IRS990/TotalReportableCompFromOrgAmt0102863
IRS990/TotalRevenueGrp/ExclusionAmt08257
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt06099222
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01980913
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02759940
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/ManagementAndGeneralAmt05790
IRS990/TravelGrp/ProgramServicesAmt0154007
IRS990/TravelGrp/TotalAmt0159797
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationOtherInd0X
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IRS990/UnrestrictedNetAssetsGrp/BOYAmt01740445
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01549200
IRS990/UponRequestInd0X
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IRS990/USAddress/City0HAZARD
IRS990/USAddress/State0KY
IRS990/USAddress/ZIPCode041701
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IRS990/VotingMembersIndependentCnt019
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-02-25 16:41:14Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0JEFF HAWKINS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-01-19
ReturnHeader/Filer/BusinessName/BusinessNameLine10KENTUCKY VALLEY EDUCATIONAL
ReturnHeader/Filer/BusinessName/BusinessNameLine20COOPERATIVE
ReturnHeader/Filer/BusinessNameControlTxt0KENT
ReturnHeader/Filer/EIN0610729917

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,759,940
Liabilities
$1,210,740
Net assets
$1,549,200
Revenue
$6,099,222
Expenses
$6,293,351
Net income
-$194,129
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Detailed filing. Detailed filing data is available for this year.$6.63$0.50$6.13$0.00$0.00$0.00
2019Detailed filing. Detailed filing data is available for this year.$6.63$0.50$6.13$12.9$10.7$2.18
2018Detailed filing. Detailed filing data is available for this year.$5.02$1.08$3.95$12.1$9.77$2.37
2017Detailed filing. Detailed filing data is available for this year.$2.47$0.90$1.57$9.43$9.30$0.13
2016Detailed filing. Detailed filing data is available for this year.$2.37$0.92$1.44$8.51$8.77$0.25
2015Detailed filing. Detailed filing data is available for this year.$2.76$1.06$1.70$9.94$9.80$0.14
2014Detailed filing. Detailed filing data is available for this year.$2.76$1.21$1.55$6.10$6.29$0.19
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.98$0.24$1.74$4.70$4.18$0.52
2012Summary only. Only limited summary data is available for this year.$1.50$0.29$1.21$5.96$5.76$0.20
2011Summary only. Only limited summary data is available for this year.$1.08$0.12$0.96$4.30$4.27$0.02