Civic Intelligence

Livelihoods Knowledge Exchange Network Inc.

990 • Fiscal year 2022 • EIN 61-1199616

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 13, 2023

109 Rosemont GardenLexington, KY 40503

(859) 523-5056

Siviq Scores

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

Liabilities / Assets

81st percentile

0.31x

Higher debt load relative to assets than 81% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

73rd percentile

0.16x

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

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

32nd percentile

-2.4%

Higher net margin than 32% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

59th percentile

$25,124

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 2.9% of source-year revenue.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

62nd percentile

8.0%

Faster asset growth than 62% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

30th percentile

-7.1%

Faster revenue growth than 30% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Assets

Up

$436,800

Up $32,333 (+8.0%) from 2021

Net Assets

Down

$301,868

Down $14,625 (-4.6%) from 2021

Liabilities

Up

$134,932

Up $46,958 (+53%) from 2021

Revenue

Down

$852,735

Down $65,043 (-7.1%) from 2021

Expenses

Up

$873,315

Up $262,897 (+43%) from 2021

Net Income

Down

-$20,580

Down $327,940 (-107%) from 2021

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2010: $200,649Liabilities 2010: $18,932Net Assets 2010: $181,7172010Assets 2011: $318,873Liabilities 2011: $24,632Net Assets 2011: $294,2412011Assets 2012: $83,740Liabilities 2012: $11,162Net Assets 2012: $72,5782012Assets 2013: $128,513Liabilities 2013: $9,051Net Assets 2013: $119,4622013Assets 2014: $95,688Liabilities 2014: $10,442Net Assets 2014: $85,2462014Assets 2015: $45,506Liabilities 2015: $8,011Net Assets 2015: $37,4952015Assets 2016: $38,611Liabilities 2016: $3,214Net Assets 2016: $35,3972016Assets 2017: $20,141Liabilities 2017: $229Net Assets 2017: $19,9122017Assets 2018: $43,079Liabilities 2018: $152Net Assets 2018: $42,9272018Assets 2019: $53,511Liabilities 2019: $2,159Net Assets 2019: $51,3522019Assets 2020: $79,374Liabilities 2020: $70,241Net Assets 2020: $9,1332020Assets 2021: $404,467Liabilities 2021: $87,974Net Assets 2021: $316,4932021Assets 2022: $436,800Liabilities 2022: $134,932Net Assets 2022: $301,8682022Assets 2023: $314,254Liabilities 2023: $77,515Net Assets 2023: $236,7392023Assets 2024: $435,208Liabilities 2024: $226,472Net Assets 2024: $208,7362024

Highlighted filing

2022

Assets$436,800
Liabilities$134,932
Net Assets$301,868

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2010: $563,0872010Expenses 2011: $671,2682011Revenue 2012: $346,868Expenses 2012: $375,526Net Income 2012: -$28,6582012Revenue 2013: $244,071Expenses 2013: $174,993Net Income 2013: $69,0782013Revenue 2014: $163,660Expenses 2014: $197,876Net Income 2014: -$34,2162014Revenue 2015: $170,191Expenses 2015: $217,942Net Income 2015: -$47,7512015Revenue 2016: $210,672Expenses 2016: $212,770Net Income 2016: -$2,0982016Revenue 2017: $98,906Expenses 2017: $114,391Net Income 2017: -$15,4852017Revenue 2018: $192,964Expenses 2018: $169,949Net Income 2018: $23,0152018Revenue 2019: $333,350Expenses 2019: $324,925Net Income 2019: $8,4252019Revenue 2020: $372,670Expenses 2020: $354,889Net Income 2020: $17,7812020Revenue 2021: $917,778Expenses 2021: $610,418Net Income 2021: $307,3602021Revenue 2022: $852,735Expenses 2022: $873,315Net Income 2022: -$20,5802022Revenue 2023: $1,025,004Expenses 2023: $1,097,047Net Income 2023: -$72,0432023Revenue 2024: $1,489,235Expenses 2024: $1,517,238Net Income 2024: -$28,0032024

Highlighted filing

2022

Revenue$852,735
Expenses$873,315
Net Income-$20,580
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 13, 2023
Return Version
2022v5.0
Gross Receipts
$852,735
Mission and Program Overview

Mission

To build capacity to grow good livelihoods based on local assets, to monitor community health and wealth to avoid boom and bust, and to take evidence-based action for future well-being based on deep understanding of the past.

Link-tank for communities to create, sustain, and regenerate local livelihoods and wellbeing.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$108,548$261,566▲ $153,018
Cash and Non-Interest-Bearing Accounts$245,518$124,192▼ $121,326
Loans From Officers Directors$57,000$57,000→ $0
Pledges and Grants Receivable$49,945$49,945→ $0
Prepaid Expenses and Deferred Charges$456$465▲ $9
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$404,467$436,800▲ $32,333
Other Assets Total$0$632▲ $632
Liabilities
Accounts Payable and Accrued Expenses$30,974$77,151▲ $46,177
Other Liabilities$0$781▲ $781
Total Liabilities$87,974$134,932▲ $46,958
Net Assets / Fund Balance
Net Assets With Donor Restrictions-$184,434-
Net Assets Without Donor Restrictions$316,493$117,434▼ $199,059
Total Net Assets Fund Balance$316,493$301,868▼ $14,625
Total Liabilities and Net Assets / Fund Balance$404,467$436,800▲ $32,333

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$34,516$34,516
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Betsy TaylorExecutive DirectorFT$24,392$732$25,124

Board Members and Trustees

NameTitle
Linda KaboolianChair
Shaunna ScottSecretary
Danielle BrianTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$828,519
Program Service Revenue
$23,841
Investment Income
$375
Other Revenue
$0
All Other Contributions
$483,433
Change in Net Assets
$-20,580
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$500,360
Salaries, Compensation, and Employee Benefits$372,955
Total Fundraising Expense$11,297
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$221,543$76,925$9,231$307,699
Fees for Services Other$237,913$7,704$520$246,137
Office Expenses$25,846$12,296-$38,142
Fees for Services Accounting-$32,847-$32,847
Travel$31,404--$31,404
Payroll Taxes$19,537$6,784$814$27,135
Current Officers, Directors, Trustees, and Key Employees$17,562$6,098$732$24,392
Occupancy$24,036--$24,036
Advertising$12,258$1,485-$13,743
Other Employee Benefits$13,729--$13,729
Conferences and Meetings$6,290$3,096-$9,386
Information Technology$3,797$2,045-$5,842
Other Expenses$5,906$4,345-$4,345
Insurance-$3,337-$3,337
Interest-$1,017-$1,017
All Other Expenses$346$648-$994
Total Functional Expenses$703,391$158,627$11,297$873,315
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
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$57,000$57,000→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Right of Use Lease Liability$781
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The 990 is reviewed by management prior to filing. A copy of the form 990 is provided to the board of directors, generally after the filing.

Form 990, Part VI, Section B, Line 12C

Any conflicts of interest are brought to the attention of the board by the affected board members during the board meetings. At this point the board discusses and decides what actions are necessary. A conflict of interest statement is signed at the time of joining the board.

Form 990, Part VI, Section B, Line 15A

The board of directors provides personnel reviews for the executive director and authorizes the executive director's salary. The executive director's salary is based on comparable organization data.

Form 990, Part VI, Section C, Line 19

Documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Livelihoods Knowledge Exchange
EIN
61-1199616
Phone
8595235056
Address
109 ROSEMONT GARDEN, LEXINGTON, KY 40503

Signing Officer

Name
Betsy Taylor
Title
Executive Director
Phone
8595235056
Signed
2023-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Betsy Taylor
Formed
1990
Legal Domicile
Ky
Voting Board Members
3
Independent Board Members
3
Employees
12
Volunteers
100

Preparer

Firm
Deming Malone Livesay & Ostroff Psc
Address
9300 SHELBYVILLE RD STE 1100, LOUISVILLE, KY 40222-5187
Preparer
Christine N Koenig
Phone
5024269660
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Payroll processing: program service expenses 0. Management and general expenses 2,440. Fundraising expenses 0. Total expenses 2,440. Consulting: program service expenses 0. Management and general expenses 3,500. Fundraising expenses 0. Total expenses 3,500. Contract labor: program service expenses 237,913. Management and general expenses 1,764. Fundraising expenses 0. Total expenses 239,677. Fundraising: program service expenses 0. Management and general expenses 0. Fundraising expenses 520. Total expenses 520.

Raw XML AppendixShowing 400 of 408 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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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02525283
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0474
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IRS990ScheduleA/OtherIncome170Grp/TotalAmt02131
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IRS990ScheduleA/PublicSupportPY170Pct00.86970
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IRS990ScheduleA/SubstantialContributorsTotAmt0194353
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0333334
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0192932
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS REVIEWED BY MANAGEMENT PRIOR TO FILING. A COPY OF THE FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS, GENERALLY AFTER THE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANY CONFLICTS OF INTEREST ARE BROUGHT TO THE ATTENTION OF THE BOARD BY THE AFFECTED BOARD MEMBERS DURING THE BOARD MEETINGS. AT THIS POINT THE BOARD DISCUSSES AND DECIDES WHAT ACTIONS ARE NECESSARY. A CONFLICT OF INTEREST STATEMENT IS SIGNED AT THE TIME OF JOINING THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS PROVIDES PERSONNEL REVIEWS FOR THE EXECUTIVE DIRECTOR AND AUTHORIZES THE EXECUTIVE DIRECTOR'S SALARY. THE EXECUTIVE DIRECTOR'S SALARY IS BASED ON COMPARABLE ORGANIZATION DATA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PAYROLL PROCESSING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 2,440. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,440. CONSULTING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 3,500. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,500. CONTRACT LABOR: PROGRAM SERVICE EXPENSES 237,913. MANAGEMENT AND GENERAL EXPENSES 1,764. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 239,677. FUNDRAISING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 520. TOTAL EXPENSES 520.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
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IRS990/WhistleblowerPolicyInd01
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ReturnHeader/PreparerPersonGrp/PhoneNum05024269660
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-04

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.44$0.23$0.21$1.49$1.52$0.03
2023Detailed filing. Detailed filing data is available for this year.$0.31$0.08$0.24$1.03$1.10$0.07
2022Detailed filing. Detailed filing data is available for this year.$0.44$0.13$0.30$0.85$0.87$0.02
2021Detailed filing. Detailed filing data is available for this year.$0.40$0.09$0.32$0.92$0.61$0.31
2020Detailed filing. Detailed filing data is available for this year.$0.08$0.07$0.01$0.37$0.35$0.02
2019Detailed filing. Detailed filing data is available for this year.$0.05$0.00$0.05$0.33$0.32$0.01
2018Detailed filing. Detailed filing data is available for this year.$0.04$0.00$0.04$0.19$0.17$0.02
2017Summary only. Only limited summary data is available for this year.$0.02$0.00$0.02$0.10$0.11$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.04$0.00$0.04$0.21$0.21$0.00
2015Detailed filing. Detailed filing data is available for this year.$0.05$0.01$0.04$0.17$0.22$0.05
2014Summary only. Only limited summary data is available for this year.$0.10$0.01$0.09$0.16$0.20$0.03
2013Summary only. Only limited summary data is available for this year.$0.13$0.01$0.12$0.24$0.17$0.07
2012Summary only. Only limited summary data is available for this year.$0.08$0.01$0.07$0.35$0.38$0.03
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.32$0.02$0.29$0.67
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.20$0.02$0.18$0.56