Civic Intelligence

Bluegrass Industrial Foundation

990 • Fiscal year 2015 • EIN 61-1050345

Jul 01, 2014 to Jun 30, 2015 • Filed on Nov 15, 2015

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

(859) 269-8021

Siviq Scores

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

Liabilities / Assets

21st percentile

0.00x

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

2015 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2015

Net Margin

100th percentile

172%

Higher net margin than 100% of similar nonprofits.

2015 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

68th percentile

$18,000

Higher top officer pay than 68% of similar nonprofits.

2015 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2015

Asset Growth

1st percentile

-83%

Faster asset growth than 1% of similar nonprofits.

2015 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets21st percentile

Assets

Down

$198,771

Down $982,689 (-83%) from 2014

Net Assets

Down

$198,771

Down $708,124 (-78%) from 2014

Liabilities

Down

$0

Down $274,565 (-100%) from 2014

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin100th percentile

Revenue

Down

-$412,889

Down $413,366 (-86660%) from 2014

Expenses

Up

$296,435

Up $227,246 (+328%) from 2014

Net Income

Down

-$709,324

Down $640,612 (-932%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth1st 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

2015

Assets$198,771
Liabilities$0
Net Assets$198,771
Open 2015 Filing

Operations Trend

Revenue GrowthScore unavailable

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

2015

Revenue-$412,889
Expenses$296,435
Net Income-$709,324
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Nov 15, 2015
Return Version
2014v5.0
Gross Receipts
$1,925,953
Mission and Program Overview

Mission

Industrial development in the central kentucky region

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$712,920--
Cash and Non-Interest-Bearing Accounts$465,472$198,771▼ $266,701
Accounts Receivable$2,517$0▼ $2,517
Savings and Temporary Cash Investments$0$0→ $0
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$1,181,460$198,771▼ $982,689
Other Assets Total$551$0▼ $551
Liabilities
Mortgage Notes Payable Secured by Investment Property$245,733$0▼ $245,733
Accounts Payable and Accrued Expenses$21,870$0▼ $21,870
Other Liabilities$6,962$0▼ $6,962
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$274,565$0▼ $274,565
Net Assets / Fund Balance
Unrestricted Net Assets$906,895$198,771▼ $708,124
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$906,895$198,771▼ $708,124
Total Liabilities and Net Assets / Fund Balance$1,181,460$198,771▼ $982,689
Compensation and Service Providers
Top Officer Pay68th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Jas SekhonPresidentPT$18,000$18,000
Everette VarneyDirector-$1,800$1,800
John BowlingChair-$1,800$1,800
Kent ClarkVice Chairman-$1,800$1,800
Mike MarksDirector-$1,800$1,800
Rw GilbertDirector-$1,800$1,800
David GilesSec-treas-$1,200$1,200

Board Members and Trustees

NameTitle
Ben BrownDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$90
Investment Income
$-400,465
Other Revenue
$-12,514
Change in Net Assets
$-709,324
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$263,435
Salaries, Compensation, and Employee Benefits$33,000
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$224,950--$224,950
Current Officers, Directors, Trustees, and Key Employees$28,200--$28,200
Travel$12,158--$12,158
Conferences and Meetings$7,047--$7,047
Other Salaries and Wages$4,800--$4,800
Other Expenses$110--$110
Total Functional Expenses$296,435$0$0$296,435
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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

Filer Name
Bluegrass Industrial Foundation
EIN
61-1050345
In Care Of
% OFFICERS OF THE ORGANIZATION
Phone
8592698021
Address
PO BOX 23954, LEXINGTON, KY 40523-3954

Signing Officer

Name
Jas Sekhon
Title
President
Phone
8592698021
Signed
2015-11-15
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
1
Volunteers
0

Preparer

Firm
Miller Mayer Sullivan & Stevens Llp
Address
2365 HARRODSBURG RD STE A-100, LEXINGTON, KY 40504-3399
Preparer
Michael G Taylor CPA
Phone
8592233095
Supplemental Narrative

Additional Explanations

Part XI Line 8

“TO CORRECT PRIOR YEAR”

Form 990 Part IX Line 24 - Other Expenses

“Description:bank fees total expenses:32 program services:32”

Form 990 Part IX Line 24 - Other Expenses

“Description:return to grantor total expenses:224894 program services:224894”

Form 990 Part IX Line 24 - Other Expenses

“Description:miscellaneous total expenses:24 program services:24”

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IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-709324
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt0-12514
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990/ScheduleBRequiredInd0false
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/ExplanationTxt2TO CORRECT PRIOR YEAR
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION:BANK FEES TOTAL EXPENSES:32 PROGRAM SERVICES:32
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DESCRIPTION:RETURN TO GRANTOR TOTAL EXPENSES:224894 PROGRAM SERVICES:224894
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DESCRIPTION:MISCELLANEOUS TOTAL EXPENSES:24 PROGRAM SERVICES:24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0PART VI SECTION B QUESTION 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1PART VI SECTION B QUESTION 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XI LINE 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990 PART IX LINE 24 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990 PART IX LINE 24 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990 PART IX LINE 24 - OTHER EXPENSES
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/TotalAssetsBOYAmt01181460
IRS990/TotalAssetsEOYAmt0198771
IRS990/TotalAssetsGrp/BOYAmt01181460
IRS990/TotalAssetsGrp/EOYAmt0198771
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0296435
IRS990/TotalFunctionalExpensesGrp/TotalAmt0296435
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0274565
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt0274565
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0906895
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0198771
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0296435
IRS990/TotalProgramServiceRevenueAmt090
IRS990/TotalReportableCompFromOrgAmt028200
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0523
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0-412889
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01181460
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0198771
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt012158
IRS990/TravelGrp/TotalAmt012158
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0906895
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0198771
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt00
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0620 ANDOVER VILLAGE PL
IRS990/USAddress/CityNm0LEXINGTON
IRS990/USAddress/StateAbbreviationCd0KY
IRS990/USAddress/ZIPCd040509
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JAS SEKHON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08592698021
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BLUEGRASS INDUSTRIAL FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0BLUE
ReturnHeader/Filer/EIN0611050345
ReturnHeader/Filer/InCareOfNm0% OFFICERS OF THE ORGANIZATION
ReturnHeader/Filer/PhoneNum08592698021
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 23954
ReturnHeader/Filer/USAddress/CityNm0LEXINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0KY
ReturnHeader/Filer/USAddress/ZIPCd0405233954
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MILLER MAYER SULLIVAN & STEVENS LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02365 HARRODSBURG RD STE A-100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LEXINGTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0KY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0405043399
ReturnHeader/PreparerPersonGrp/PhoneNum08592233095
ReturnHeader/PreparerPersonGrp/PreparationDt02015-11-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL G TAYLOR CPA
ReturnHeader/ReturnTs02015-11-15T12:12:30-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-07-01
ReturnHeader/TaxPeriodEndDt02015-06-30

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$198,771
Liabilities
$0
Net assets
$198,771
Revenue
-$412,889
Expenses
$296,435
Net income
-$709,324
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