Civic Intelligence

Kentucky Grocers Education

EIN 61-1163364 • 501(c)3 • Frankfort, KY

Profile

To receive and administer funds to award academic scholarships to the employees, children or grandchildren of the members of the kentucky grocers and convenience store association, inc., a related tax-exempt organization.

340 Democrat DriveFrankfort, KY 40601

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

73rd percentile

0.04x

Higher debt load relative to assets than 73% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

91st percentile

0.41x

Higher debt load relative to revenue than 91% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

18th percentile

-33%

Higher net margin than 18% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

56th percentile

0.4%

Faster asset growth than 56% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

70th percentile

17%

Faster revenue growth than 70% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$177,570

Up $643 (+0.4%) from 2020

Liabilities

Up

$7,000

Up $1,500 (+27%) from 2020

Net Assets

Down

$170,570

Down $857 (-0.5%) from 2020

Revenue

Up

$17,239

Up $2,484 (+17%) from 2020

Expenses

Up

$22,974

Up $2,346 (+11%) from 2020

Net Income

Up

-$5,735

Up $138 (+2.3%) from 2020

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$200K$150K$100K$50K$0Assets 2010: $175,776Liabilities 2010: $0Net Assets 2010: $175,7762010Assets 2011: $152,428Liabilities 2011: $0Net Assets 2011: $152,4282011Assets 2012: $167,632Liabilities 2012: $02012Assets 2013: $177,364Liabilities 2013: $2222013Assets 2014: $197,330Liabilities 2014: $02014Assets 2015: $176,079Liabilities 2015: $02015Assets 2016: $185,894Liabilities 2016: $02016Assets 2017: $191,147Liabilities 2017: $10,5002017Assets 2018: $177,419Liabilities 2018: $10,000Net Assets 2018: $167,4192018Assets 2019: $183,705Liabilities 2019: $7,2502019Assets 2020: $176,927Liabilities 2020: $5,500Net Assets 2020: $171,4272020Assets 2021: $177,570Liabilities 2021: $7,000Net Assets 2021: $170,5702021

Highlighted filing

2021

Assets$177,570
Liabilities$7,000
Net Assets$170,570

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$60K$40K$20K$0-$20K-$40KRevenue 2010: $31,013Expenses 2010: $32,334Net Income 2010: -$1,3212010Revenue 2011: $32,083Expenses 2011: $36,299Net Income 2011: -$4,2162011Revenue 2012: $44,425Expenses 2012: $32,354Net Income 2012: $12,0712012Revenue 2013: $23,883Expenses 2013: $44,346Net Income 2013: -$20,4632013Revenue 2014: $58,273Expenses 2014: $36,730Net Income 2014: $21,5432014Revenue 2015: $35,830Expenses 2015: $33,481Net Income 2015: $2,3492015Revenue 2016: $35,503Expenses 2016: $33,446Net Income 2016: $2,0572016Revenue 2017: $23,115Expenses 2017: $30,381Net Income 2017: -$7,2662017Revenue 2018: $18,201Expenses 2018: $31,390Net Income 2018: -$13,1892018Revenue 2019: $18,917Expenses 2019: $26,617Net Income 2019: -$7,7002019Revenue 2020: $14,755Expenses 2020: $20,628Net Income 2020: -$5,8732020Revenue 2021: $17,239Expenses 2021: $22,974Net Income 2021: -$5,7352021

Highlighted filing

2021

Revenue$17,239
Expenses$22,974
Net Income-$5,735

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Apr 28, 2022
Return Version
2021v4.0
Gross Receipts
$17,239
Mission and Program Overview

Mission

To receive and administer funds to award academic scholarships to the employees, children or grandchildren of the members of the kentucky grocers and convenience store association, inc., a related tax-exempt organization.

Program Services

DescriptionGrantsExpenses
THE FOUNDATION AWARDS SCHOLARSHIPS TO MEMBERS OF KENTUCKY GROCERS AND CONVENIENCE STORE ASSOCIATION CHILDREN, GRANDCHILDREN OR EMPLOYEES. ALL APPLICATIONS ARE REVIEWED AND SUBMITTED TO AN OUTSIDE INDEPENDENT AGENCY THAT RANKS THE APPLICATIONS. THE SCHOLARSHIPS ARE AWARDED BEGINNING WITH THE TOP APPLICANT AND CONTINUE IN ASCENDING ORDER THROUGH THE LIST UNTIL THE CURRENT FUNDS FOR SCHOLARSHIPS ARE EXHAUSTED.$14,000$14,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
CASSIE GRIGSBYPresident-$0--
LYNN RICEChairman-$0--
SCOTT MALONYSecretary/Tr-$0--
Filing and Contact Details

Filer

Filer Name
Kentucky Grocers Education
EIN
61-1163364
Phone
5026969153
Address
340 DEMOCRAT DRIVE, FRANKFORT, KY 40601

Signing Officer

Name
Cassie Grigsby
Title
President
Phone
5026969153
Signed
2022-04-28
Discuss with paid preparer
Yes

Preparer

Firm
Harrod & Associates
Address
2 HMB CIRCLE A, FRANKFORT, KY 40601-2351
Preparer
David R Harrod CPA
Phone
5026957300
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I

Line 10 - scholarship program grantee name: various - 1,000 scholarship checks grantee relationship: through employment property description: cash-scholarship checks written directly to colleges- 14 @ 1,000 date of gift: various amount given: 14,000

Form 990-ez, Part I, Line 16

Expenses investment fees 859 printing & postage 39 supplies 673 taxes and licenses 15 foreign taxes paid 9 total 1,595

Form 990-ez, Part I, Line 20

Unrealized gain on investments 4,878

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 5,500 7,000

Form 990-ez, Part III

To receive and administer funds to award academic scholarships to the employees, children or grandchildren of the members of the kentucky grocers and convenience store association, inc., a related tax-exempt organization.

Form 990-ez, Part III, Line 28

The foundation awards scholarships to members of kentucky grocers and convenience store association children, grandchildren or employees. All applications are reviewed and submitted to an outside independent agency that ranks the applications. The scholarships are awarded beginning with the top applicant and continue in ascending order through the list until the current funds for scholarships are exhausted.

Raw XML Appendix164 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0THE FOUNDATION AWARDS SCHOLARSHIPS TO MEMBERS OF KENTUCKY GROCERS AND CONVENIENCE STORE ASSOCIATION CHILDREN, GRANDCHILDREN OR EMPLOYEES. ALL APPLICATIONS ARE REVIEWED AND SUBMITTED TO AN OUTSIDE INDEPENDENT AGENCY THAT RANKS THE APPLICATIONS. THE SCHOLARSHIPS ARE AWARDED BEGINNING WITH THE TOP APPLICANT AND CONTINUE IN ASCENDING ORDER THROUGH THE LIST UNTIL THE CURRENT FUNDS FOR SCHOLARSHIPS ARE EXHAUSTED.
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IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990EZ/SaleOfAssetsGrossAmt02397
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0KY
IRS990EZ/SubjectToProxyTaxInd0false
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IRS990EZ/TanningServicesProvidedInd0false
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IRS990EZ/WebsiteAddressTxt0N/A
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LINE 10 - SCHOLARSHIP PROGRAM GRANTEE NAME: VARIOUS - 1,000 SCHOLARSHIP CHECKS GRANTEE RELATIONSHIP: THROUGH EMPLOYMENT PROPERTY DESCRIPTION: CASH-SCHOLARSHIP CHECKS WRITTEN DIRECTLY TO COLLEGES- 14 @ 1,000 DATE OF GIFT: VARIOUS AMOUNT GIVEN: 14,000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPENSES INVESTMENT FEES 859 PRINTING & POSTAGE 39 SUPPLIES 673 TAXES AND LICENSES 15 FOREIGN TAXES PAID 9 TOTAL 1,595
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UNREALIZED GAIN ON INVESTMENTS 4,878
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ACCOUNTS PAYABLE AND ACCRUED EXPENSES 5,500 7,000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TO RECEIVE AND ADMINISTER FUNDS TO AWARD ACADEMIC SCHOLARSHIPS TO THE EMPLOYEES, CHILDREN OR GRANDCHILDREN OF THE MEMBERS OF THE KENTUCKY GROCERS AND CONVENIENCE STORE ASSOCIATION, INC., A RELATED TAX-EXEMPT ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE FOUNDATION AWARDS SCHOLARSHIPS TO MEMBERS OF KENTUCKY GROCERS AND CONVENIENCE STORE ASSOCIATION CHILDREN, GRANDCHILDREN OR EMPLOYEES. ALL APPLICATIONS ARE REVIEWED AND SUBMITTED TO AN OUTSIDE INDEPENDENT AGENCY THAT RANKS THE APPLICATIONS. THE SCHOLARSHIPS ARE AWARDED BEGINNING WITH THE TOP APPLICANT AND CONTINUE IN ASCENDING ORDER THROUGH THE LIST UNTIL THE CURRENT FUNDS FOR SCHOLARSHIPS ARE EXHAUSTED.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART I, LINE 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-EZ, PART III, LINE 28
ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02 HMB CIRCLE A
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ReturnHeader/PreparerPersonGrp/PreparationDt02022-05-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID R HARROD CPA
ReturnHeader/ReturnTs02022-05-12T09:43:40-05:00
ReturnHeader/ReturnTypeCd0990EZ
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ReturnHeader/TaxPeriodBeginDt02021-01-01
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ReturnHeader/TaxYr02021

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