Civic Intelligence

Kentucky Valley Educational Cooperative

990 • Fiscal year 2016 • EIN 61-0729917

Jul 01, 2015 to Jun 30, 2016 • Filed on Feb 02, 2017

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

68th percentile

0.39x

Higher debt load relative to assets than 68% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

38th percentile

0.11x

Higher debt load relative to revenue than 38% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

30th percentile

-3.0%

Higher net margin than 30% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

66th percentile

$158,523

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 1.9% of source-year revenue.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Asset Growth

7th percentile

-14%

Faster asset growth than 7% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

18th percentile

-14%

Faster revenue growth than 18% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets68th percentile

Assets

Down

$2,366,061

Down $395,045 (-14%) from 2015

Net Assets

Down

$1,443,501

Down $254,941 (-15%) from 2015

Liabilities

Down

$922,560

Down $140,104 (-13%) from 2015

Revenue And Expenses
Liabilities / Revenue38th percentileNet Margin30th percentile

Revenue

Down

$8,512,769

Down $1,431,067 (-14%) from 2015

Expenses

Down

$8,767,710

Down $1,033,890 (-11%) from 2015

Net Income

Down

-$254,941

Down $397,177 (-279%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth7th 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

2016

Assets$2,366,061
Liabilities$922,560
Net Assets$1,443,501
Open 2016 Filing

Operations Trend

Revenue Growth18th 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

2016

Revenue$8,512,769
Expenses$8,767,710
Net Income-$254,941
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 2, 2017
Return Version
2015v3.0
Gross Receipts
$8,512,769
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$1,229,576$2,145,454▲ $915,878
Accounts Receivable$1,528,359$218,636▼ $1,309,723
Other Notes and Loans Receivable, Net$3,171$1,971▼ $1,200
Total Assets$2,761,106$2,366,061▼ $395,045
Liabilities
Accounts Payable and Accrued Expenses$1,062,664$922,560▼ $140,104
Total Liabilities$1,062,664$922,560▼ $140,104
Net Assets / Fund Balance
Unrestricted Net Assets$1,698,442$1,443,501▼ $254,941
Total Net Assets Fund Balance$1,698,442$1,443,501▼ $254,941
Total Liabilities and Net Assets / Fund Balance$2,761,106$2,366,061▼ $395,045
Compensation and Service Providers
Top Officer Pay66th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jeff HawkinsExec DirectorFT$110,796$47,727$158,523

Board Members and Trustees

NameTitle
Coy SamonsBoard Chair
Dr T BobrowskiBoard Chair
Jerry GreenVice Chair
Anthony LittleBoard Member
David GibsonBoard Member
Dr H WebbBoard Member
F BowlingBoard Member
Jonathan JettBoard Member
Kenny BellBoard Member
Kim KingBoard Member
Lonnie MorrisBoard Member
Mike HowardBoard Member
Reed AdkinsBoard Member
S HolbrookBoard Member
Sandra JohnsonBoard Member
Steve MartinBoard Member
Tom SalyerBoard Member
Tony SergentBoard Member
Dr J EvansBoard Memeber
Revenue and Support

Revenue Composition

Contributions and Grants
$7,753,788
Program Service Revenue
$749,636
Investment Income
$9,345
Other Revenue
$0
Change in Net Assets
$-254,941

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,512,769
Total Revenue per Audited Statements
$8,512,769
Total Revenue per Form 990
$8,512,769
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$7,095,270
Salaries, Compensation, and Employee Benefits$1,672,440
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses---$4,781,615
Other Salaries and Wages$1,531,476--$1,531,476
Travel$304,962$6,052-$311,014
All Other Expenses$284,219--$284,219
Conferences and Meetings$181,511$618-$182,129
Current Officers, Directors, Trustees, and Key Employees$64,425$76,539-$140,964
Office Expenses-$35,830-$35,830
Total Functional Expenses$8,529,957$237,753$0$8,767,710

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$8,767,710
Total Expenses per Audited Statements$8,767,710
Total Expenses per Form 990$8,767,710
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 11B

“The business manager and executive director review the tax return prior to submission to the irs”

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

“Kvec makes its governing documents, policies and financial information available to the public upon request to the business office”

Filing and Contact Details

Filer

Filer Name
Kentucky Valley Educational
EIN
61-0729917
Phone
6064363161
Address
412 ROY CAMPBELL DRIVE, Hazard, KY 41701

Signing Officer

Name
Jeff Hawkins
Title
Executive Director
Signed
2017-02-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeff Hawkins
Legal Domicile
Ky
Voting Board Members
19
Independent Board Members
19
Employees
35

Preparer

Firm
Morgan-franklin LLC
Address
749 BROADWAY STREET, WEST LIBERTY, KY 41472
Preparer
Brenda K Morgan CPA
Phone
6067431884
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IRS990/IndependentVotingMemberCnt019
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt09345
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt09345
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt070
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0KY
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0KVEC SERVES 19 LOCAL BOARDS OF EDUCATION BY PROVIDING PAYROLL AND PROFESSIONAL DEVELOPMENT SERVICES, TECHNOLOGY SUPPORT, AND ADMINSTRATION OF FEDERAL/STATE GRANTS
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt01698442
IRS990/NetAssetsOrFundBalancesEOYAmt01443501
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt035830
IRS990/OfficeExpensesGrp/TotalAmt035830
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherExpensesGrp/TotalAmt0339079
IRS990/OtherExpensesGrp/TotalAmt1763386
IRS990/OtherExpensesGrp/TotalAmt2397998
IRS990/OtherExpensesGrp/TotalAmt34781615
IRS990/OtherOrganizationDsc0ED COOP
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01531476
IRS990/OtherSalariesAndWagesGrp/TotalAmt01531476
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt03171
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt01971
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0JEFF HAWKINS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0SERVICE TO DISTRICT
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0749636
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0749636
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt08936384
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt02620
IRS990/PYOtherExpensesAmt08133069
IRS990/PYProgramServiceRevenueAmt01004832
IRS990/PYRevenuesLessExpensesAmt0142236
IRS990/PYSalariesCompEmpBnftPaidAmt01668531
IRS990/PYTotalExpensesAmt09801600
IRS990/PYTotalRevenueAmt09943836
IRS990/ReconcilationRevenueExpnssAmt0-254941
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01229576
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02145454
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt07753788
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt08936384
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt04945185
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt03159670
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt04248274
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt029043301
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt09345
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt02620
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt08257
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt04215
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt03621
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt028058
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt06148927
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99900
IRS990ScheduleA/PublicSupportPY170Pct00.99910
IRS990ScheduleA/PublicSupportTotal170Amt029043301
IRS990ScheduleA/SupportSumAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt07753788
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt08936384
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt04945185
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt03159670
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt04248274
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt029043301
IRS990ScheduleA/TotalSupportAmt029071359
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesSubtotalAmt08767710
IRS990ScheduleD/RevenueSubtotalAmt08512769
IRS990ScheduleD/TotalExpensesPerForm990Amt08767710
IRS990ScheduleD/TotalRevenuePerForm990Amt08512769
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt08512769
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt08767710
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BUSINESS MANAGER AND EXECUTIVE DIRECTOR REVIEW THE TAX RETURN PRIOR TO SUBMISSION TO THE IRS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1VENDORS 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
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2KVEC MAKES ITS GOVERNING DOCUMENTS, POLICIES AND FINANCIAL INFORMATION AVAILABLE TO THE PUBLIC UPON REQUEST TO THE BUSINESS OFFICE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0PART VI SECTION B LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1PART VI SECTION B LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2PART VI SECTION C LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02761106
IRS990/TotalAssetsEOYAmt02366061
IRS990/TotalAssetsGrp/BOYAmt02761106
IRS990/TotalAssetsGrp/EOYAmt02366061
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt07753788
IRS990/TotalEmployeeCnt035
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0237753
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt08529957
IRS990/TotalFunctionalExpensesGrp/TotalAmt08767710
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01062664
IRS990/TotalLiabilitiesEOYAmt0922560
IRS990/TotalLiabilitiesGrp/BOYAmt01062664
IRS990/TotalLiabilitiesGrp/EOYAmt0922560
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01698442
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01443501
IRS990/TotalOtherCompensationAmt047727
IRS990/TotalProgramServiceExpensesAmt08529957
IRS990/TotalProgramServiceRevenueAmt0749636
IRS990/TotalReportableCompFromOrgAmt0110796
IRS990/TotalRevenueGrp/ExclusionAmt09345
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0749636
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt08512769
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02761106
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02366061
IRS990/TravelGrp/ManagementAndGeneralAmt06052
IRS990/TravelGrp/ProgramServicesAmt0304962
IRS990/TravelGrp/TotalAmt0311014
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01698442
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01443501

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,366,061
Liabilities
$922,560
Net assets
$1,443,501
Revenue
$8,512,769
Expenses
$8,767,710
Net income
-$254,941
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