Civic Intelligence

Bluegrass Industrial Foundation

990 • Fiscal year 2014 • EIN 61-1050345

Jul 01, 2013 to Jun 30, 2014 • Filed on Nov 15, 2014

Organization ProfileN/A
PO Box 23954SuiteLexington, KY 40523-3954

(859) 269-8021

Siviq Scores

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

Liabilities / Assets

67th percentile

0.23x

Higher debt load relative to assets than 67% of similar nonprofits.

2014 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

100th percentile

575.61x

Higher debt load relative to revenue than 100% of similar nonprofits.

2014 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2014

Net Margin

1st percentile

-14405%

Higher net margin than 1% of similar nonprofits.

2014 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

68th percentile

$15,000

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 3144.7% of source-year revenue.

2014 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2014

Asset Growth

11th percentile

-10%

Faster asset growth than 11% of similar nonprofits.

2014 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

1st percentile

-99%

Faster revenue growth than 1% of similar nonprofits.

2014 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets67th percentile

Assets

Down

$1,181,460

Down $133,995 (-10%) from 2013

Net Assets

Down

$906,895

Down $69,912 (-7.2%) from 2013

Liabilities

Down

$274,565

Down $64,083 (-19%) from 2013

Revenue And Expenses
Liabilities / Revenue100th percentileNet Margin1st percentile

Revenue

$477

No earlier filing loaded for comparison.

Expenses

Down

$69,189

Down $33,779 (-33%) from 2013

Net Income

-$68,712

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth11th percentile

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

$3.0M$2.0M$1.0M$0Assets 2011: $2,292,564Liabilities 2011: $1,212,098Net Assets 2011: $1,080,4662011Assets 2012: $1,376,220Liabilities 2012: $357,882Net Assets 2012: $1,018,3382012Assets 2013: $1,315,455Liabilities 2013: $338,648Net Assets 2013: $976,8072013Assets 2014: $1,181,460Liabilities 2014: $274,565Net Assets 2014: $906,8952014Assets 2015: $198,771Liabilities 2015: $0Net Assets 2015: $198,7712015Assets 2016: $136,931Liabilities 2016: $0Net Assets 2016: $136,9312016Assets 2017: $88,649Liabilities 2017: $0Net Assets 2017: $88,6492017Assets 2018: $0Liabilities 2018: $0Net Assets 2018: $02018

Highlighted filing

2014

Assets$1,181,460
Liabilities$274,565
Net Assets$906,895
Open 2014 Filing

Operations Trend

Revenue Growth1st percentile

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

$500K$0-$500K-$1.0MExpenses 2011: $127,1232011Expenses 2012: $126,7772012Expenses 2013: $102,9682013Revenue 2014: $477Expenses 2014: $69,189Net Income 2014: -$68,7122014Revenue 2015: -$412,889Expenses 2015: $296,435Net Income 2015: -$709,3242015Revenue 2016: $348Expenses 2016: $62,188Net Income 2016: -$61,8402016Revenue 2017: $398Expenses 2017: $48,680Net Income 2017: -$48,2822017Revenue 2018: $62Expenses 2018: $88,711Net Income 2018: -$88,6492018

Highlighted filing

2014

Revenue$477
Expenses$69,189
Net Income-$68,712
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Nov 15, 2014
Return Version
2013v3.1
Gross Receipts
$334,919
Mission and Program Overview

Mission

Industrial development in the central kentucky region

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$759,351$712,920▼ $46,431
Cash and Non-Interest-Bearing Accounts$453,583$465,472▲ $11,889
Savings and Temporary Cash Investments$100,508$0▼ $100,508
Accounts Receivable$990$2,517▲ $1,527
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$1,315,455$1,181,460▼ $133,995
Other Assets Total$1,023$551▼ $472
Liabilities
Mortgage Notes Payable Secured by Investment Property$300,717$245,733▼ $54,984
Accounts Payable and Accrued Expenses$25,366$21,870▼ $3,496
Other Liabilities$5,762$6,962▲ $1,200
Deferred Revenue$6,803$0▼ $6,803
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$338,648$274,565▼ $64,083
Net Assets / Fund Balance
Unrestricted Net Assets$976,807$906,895▼ $69,912
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$976,807$906,895▼ $69,912
Total Liabilities and Net Assets / Fund Balance$1,315,455$1,181,460▼ $133,995

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$452,964$1,156,609$1,609,573
Land$259,986-$259,986
Equipment-$0$0
Compensation and Service Providers
Top Officer Pay68th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Jas SekhonPresidentPT$15,000$15,000
David GilesSec-treas-$2,400$2,400
Kent ClarkVice Chairman-$2,400$2,400
Mike MarksDirector-$2,400$2,400
Rw GilbertDirector-$2,400$2,400
Everette VarneyDirector-$1,800$1,800
John BowlingChair-$1,800$1,800
Ben BrownDirector-$600$600
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,517
Investment Income
$245
Other Revenue
$-2,285
Change in Net Assets
$-68,712

Audited Revenue Reconciliation

Revenue per Audited Statements
$477
Revenue Not Reported on Form 990
$334,442
Total Revenue per Audited Statements
$334,919
Total Revenue per Form 990
$477
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$43,248
Other Expenses$25,941
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$28,800--$28,800
Other Salaries and Wages$14,448--$14,448
Travel$13,434--$13,434
Conferences and Meetings$6,524--$6,524
Other Expenses$227--$227
All Other Expenses$129--$129
Total Functional Expenses$69,189$0$0$69,189

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$404,831
Expenses Not Reported on Form 990$335,642
Expenses per Audited Statements$69,189
Total Expenses per Form 990$69,189
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
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposits Payable$5,762
Accrued Federal Income Tax Payable$1,200
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI Section B Question 11

“Tax return is provided to board member for approval before filing”

Part VI Section B Question 15

“Compensation is determined and approved by the board of directors”

Filing and Contact Details

Filer

EIN
61-1050345
In Care Of
% OFFICERS OF THE ORGANIZATION
Phone
8592698021

Signing Officer

Name
Jas Sekhon
Title
President
Phone
8592698021
Signed
2014-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jas Sekhon
Formed
1982
Legal Domicile
Ky
Voting Board Members
8
Independent Board Members
8
Employees
2
Volunteers
0

Preparer

Preparer
Michael G Taylor CPA
Phone
8592698021
Supplemental Narrative

Additional Explanations

Part XI Line 9

“INCOME TAX EXPENSE”

Financial Statement Notes

Part XI Line 2D

“Rental expenses less salary and income tax expense”

Part XII Line 2D

“Rental expenses less salary”

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IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0875
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt059519
IRS990/PYOtherRevenueAmt062990
IRS990/PYProgramServiceRevenueAmt0360
IRS990/PYRevenuesLessExpensesAmt0-38743
IRS990/PYSalariesCompEmpBnftPaidAmt043449
IRS990/PYTotalExpensesAmt0102968
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt064225
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-68712
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt0-2285
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0100508
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0452964
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01156609
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01609573
IRS990ScheduleD/EquipmentGrp/DepreciationAmt00
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/ExpensesNotReportedAmt0335642
IRS990ScheduleD/ExpensesSubtotalAmt069189
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/LandGrp/BookValueAmt0259986
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0259986
IRS990ScheduleD/OtherExpensesIncludedAmt0335642
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05762
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11200
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED FEDERAL INCOME TAX PAYABLE
IRS990ScheduleD/OtherRevenueAmt0334442
IRS990ScheduleD/RevenueNotReportedAmt0334442
IRS990ScheduleD/RevenueSubtotalAmt0477
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0RENTAL EXPENSES LESS SALARY AND INCOME TAX EXPENSE
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1RENTAL EXPENSES LESS SALARY
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0712950
IRS990ScheduleD/TotalExpensesPerForm990Amt069189
IRS990ScheduleD/TotalLiabilityAmt06962
IRS990ScheduleD/TotalRevenuePerForm990Amt0477
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0334919
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0404831
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TAX RETURN IS PROVIDED TO BOARD MEMBER FOR APPROVAL BEFORE FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COMPENSATION IS DETERMINED AND APPROVED BY THE BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2INCOME TAX EXPENSE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0PART VI SECTION B QUESTION 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1PART VI SECTION B QUESTION 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XI LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt00
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt00
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt00
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt00
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01315455
IRS990/TotalAssetsEOYAmt01181460
IRS990/TotalAssetsGrp/BOYAmt01315455
IRS990/TotalAssetsGrp/EOYAmt01181460
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt069189
IRS990/TotalFunctionalExpensesGrp/TotalAmt069189
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0338648
IRS990/TotalLiabilitiesEOYAmt0274565
IRS990/TotalLiabilitiesGrp/BOYAmt0338648
IRS990/TotalLiabilitiesGrp/EOYAmt0274565
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0976807
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0906895
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt069189
IRS990/TotalProgramServiceRevenueAmt02517
IRS990/TotalReportableCompFromOrgAmt028800
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02762
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0477
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01315455
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01181460
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt013434
IRS990/TravelGrp/TotalAmt013434
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0976807
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0906895
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt00
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine10620 ANDOVER VILLAGE PL
IRS990/USAddress/City0LEXINGTON
IRS990/USAddress/State0KY
IRS990/USAddress/ZIPCode040509
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02015-11-30 17:44:51Z

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$1,181,460
Liabilities
$274,565
Net assets
$906,895
Revenue
$477
Expenses
$69,189
Net income
-$68,712
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00$0.00$0.09$0.09
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.09$0.00$0.09$0.00$0.05$0.05
2016Detailed filing. Detailed filing data is available for this year.$0.14$0.00$0.14$0.00$0.06$0.06
2015Detailed filing. Detailed filing data is available for this year.$0.20$0.00$0.20$0.41$0.30$0.71
2014Detailed filing. Detailed filing data is available for this year.$1.18$0.27$0.91$0.00$0.07$0.07
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.32$0.34$0.98$0.10
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.38$0.36$1.02$0.13
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.29$1.21$1.08$0.13