Liabilities / Assets
73rd percentile
Higher debt load relative to assets than 73% of similar nonprofits.
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.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
73rd percentile
Higher debt load relative to assets than 73% of similar nonprofits.
Liabilities / Revenue
91st percentile
Higher debt load relative to revenue than 91% of similar nonprofits.
Net Margin
18th percentile
Higher net margin than 18% of similar nonprofits.
Top Officer Pay
81st percentile
Higher top officer pay than 81% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
56th percentile
Faster asset growth than 56% of similar nonprofits.
Revenue Growth
70th percentile
Faster revenue growth than 70% of similar nonprofits.
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
Most recent year
2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.
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.
| Description | Grants | Expenses |
|---|---|---|
| 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 |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| CASSIE GRIGSBY | President | - | $0 | - | - |
| LYNN RICE | Chairman | - | $0 | - | - |
| SCOTT MALONY | Secretary/Tr | - | $0 | - | - |
“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”
“Expenses investment fees 859 printing & postage 39 supplies 673 taxes and licenses 15 foreign taxes paid 9 total 1,595”
“Unrealized gain on investments 4,878”
“Accounts payable and accrued expenses 5,500 7,000”
“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.”
“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.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | STACY WALLACE |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 5026969153 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 340 DEMOCRAT DRIVE |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | FRANKFORT |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | KY |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 40601 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 176927 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 177570 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 9699 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -5735 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 7379 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 176927 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 177570 |
| IRS990EZ/GainOrLossFromSaleOfAssetsAmt | 0 | 2397 |
| IRS990EZ/GrantsAndSimilarAmountsPaidAmt | 0 | 14000 |
| IRS990EZ/GrossReceiptsAmt | 0 | 17239 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 5143 |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 171427 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 170570 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 171427 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 170570 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | CASSIE GRIGSBY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | LYNN RICE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | SCOTT MALONY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | CHAIRMAN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | SECRETARY/TR |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 4878 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 1595 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | 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. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | 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. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 14000 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 14000 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SaleOfAssetsGrossAmt | 0 | 2397 |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | KY |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 5500 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 7000 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 22974 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 14000 |
| IRS990EZ/TotalRevenueAmt | 0 | 17239 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt | 0 | 9699 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 7050 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 10500 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 11025 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 22000 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 60274 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt | 0 | 5143 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt | 0 | 5824 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 7551 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 7176 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 2897 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt | 0 | 28591 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt | 0 | 5143 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt | 0 | 5824 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt | 0 | 7551 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt | 0 | 7176 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt | 0 | 2897 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt | 0 | 28591 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0.32000 |
| IRS990ScheduleA/InvestmentIncomePYPct | 0 | 0.27000 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 0.67830 |
| IRS990ScheduleA/PublicSupportPY509Pct | 0 | 0.69340 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 60274 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind | 0 | X |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 9699 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 7050 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 10500 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 11025 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 22000 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 60274 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 14842 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 12874 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 18051 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt | 0 | 18201 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt | 0 | 24897 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 88865 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | 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 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | EXPENSES INVESTMENT FEES 859 PRINTING & POSTAGE 39 SUPPLIES 673 TAXES AND LICENSES 15 FOREIGN TAXES PAID 9 TOTAL 1,595 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | UNREALIZED GAIN ON INVESTMENTS 4,878 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | ACCOUNTS PAYABLE AND ACCRUED EXPENSES 5,500 7,000 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART I, LINE 20 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART II, LINE 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990-EZ, PART III |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990-EZ, PART III, LINE 28 |
| ReturnHeader/BuildTS | 0 | 2022-09-23 18:48:47Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | CASSIE GRIGSBY |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 5026969153 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2022-04-28 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | KENTUCKY GROCERS EDUCATION |
| ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt | 0 | FOUNDATIONINC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | KENT |
| ReturnHeader/Filer/EIN | 0 | 611163364 |
| ReturnHeader/Filer/PhoneNum | 0 | 5026969153 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 340 DEMOCRAT DRIVE |
| ReturnHeader/Filer/USAddress/CityNm | 0 | FRANKFORT |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | KY |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 40601 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 611291670 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | HARROD & ASSOCIATES |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 2 HMB CIRCLE A |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | FRANKFORT |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | KY |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 406012351 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 5026957300 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2022-05-12 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | DAVID R HARROD CPA |
| ReturnHeader/ReturnTs | 0 | 2022-05-12T09:43:40-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | CASSIE |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | GRIGSBY |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2021-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2021-12-31 |
| ReturnHeader/TaxYr | 0 | 2021 |
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