Civic Intelligence

Community and Technical College Foundation of Ashland Inc

990 • Fiscal year 2016 • EIN 61-1274401

Jul 01, 2015 to Jun 30, 2016 • Filed on Feb 03, 2017

Organization ProfileN/A
1400 College DriveAshland, KY 41101-3617

(606) 329-2999

Siviq Scores

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

Liabilities / Assets

34th percentile

0.06x

Higher debt load relative to assets than 34% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

76th percentile

0.73x

Higher debt load relative to revenue than 76% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

22nd percentile

-8.4%

Higher net margin than 22% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

19th percentile

$0

Higher top officer pay than 19% of similar nonprofits.

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

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Asset Growth

40th percentile

-0.4%

Faster asset growth than 40% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

32nd percentile

-3.3%

Faster revenue growth than 32% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets34th percentile

Assets

Down

$5,771,711

Down $24,905 (-0.4%) from 2015

Net Assets

Down

$5,399,784

Down $2,488 (-0.0%) from 2015

Liabilities

Down

$371,927

Down $22,417 (-5.7%) from 2015

Revenue And Expenses
Liabilities / Revenue76th percentileNet Margin22nd percentile

Revenue

Down

$508,862

Down $17,377 (-3.3%) from 2015

Expenses

Up

$551,580

Up $57,551 (+12%) from 2015

Net Income

Down

-$42,718

Down $74,928 (-233%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth40th percentile

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

$15M$10M$5.0M$0Assets 2011: $5,862,777Liabilities 2011: $37,631Net Assets 2011: $5,825,1462011Assets 2012: $6,594,053Liabilities 2012: $537,398Net Assets 2012: $6,056,6552012Assets 2013: $5,253,814Liabilities 2013: $624,279Net Assets 2013: $4,629,5352013Assets 2014: $5,641,895Liabilities 2014: $412,281Net Assets 2014: $5,229,6142014Assets 2015: $5,796,616Liabilities 2015: $394,344Net Assets 2015: $5,402,2722015Assets 2016: $5,771,711Liabilities 2016: $371,927Net Assets 2016: $5,399,7842016Assets 2017: $6,526,590Liabilities 2017: $360,692Net Assets 2017: $6,165,8982017Assets 2018: $7,040,609Liabilities 2018: $359,291Net Assets 2018: $6,681,3182018Assets 2019: $7,679,500Liabilities 2019: $354,793Net Assets 2019: $7,324,7072019Assets 2020: $8,640,514Liabilities 2020: $342,569Net Assets 2020: $8,297,9452020Assets 2021: $10,324,677Liabilities 2021: $339,606Net Assets 2021: $9,985,0712021Assets 2022: $9,208,587Liabilities 2022: $348,613Net Assets 2022: $8,859,9742022Assets 2023: $10,022,342Liabilities 2023: $327,579Net Assets 2023: $9,694,7632023Assets 2024: $11,214,845Liabilities 2024: $313,405Net Assets 2024: $10,901,4402024Assets 2025: $13,178,346Liabilities 2025: $303,665Net Assets 2025: $12,874,6812025

Highlighted filing

2016

Assets$5,771,711
Liabilities$371,927
Net Assets$5,399,784
Open 2016 Filing

Operations Trend

Revenue Growth32nd percentile

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

$3.0M$2.0M$1.0M$0-$1.0M-$2.0MExpenses 2011: $232,3222011Expenses 2012: $374,4752012Revenue 2013: $364,837Expenses 2013: $2,173,565Net Income 2013: -$1,808,7282013Revenue 2014: $545,758Expenses 2014: $548,014Net Income 2014: -$2,2562014Revenue 2015: $526,239Expenses 2015: $494,029Net Income 2015: $32,2102015Revenue 2016: $508,862Expenses 2016: $551,580Net Income 2016: -$42,7182016Revenue 2017: $701,224Expenses 2017: $560,659Net Income 2017: $140,5652017Revenue 2018: $480,883Expenses 2018: $511,134Net Income 2018: -$30,2512018Revenue 2019: $627,333Expenses 2019: $545,611Net Income 2019: $81,7222019Revenue 2020: $1,218,989Expenses 2020: $552,916Net Income 2020: $666,0732020Revenue 2021: $272,811Expenses 2021: $475,320Net Income 2021: -$202,5092021Revenue 2022: $359,572Expenses 2022: $513,793Net Income 2022: -$154,2212022Revenue 2023: $500,483Expenses 2023: $756,291Net Income 2023: -$255,8082023Revenue 2024: $432,079Expenses 2024: $684,912Net Income 2024: -$252,8332024Revenue 2025: $1,533,239Expenses 2025: $719,771Net Income 2025: $813,4682025

Highlighted filing

2016

Revenue$508,862
Expenses$551,580
Net Income-$42,718
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 3, 2017
Return Version
2015v3.0
Gross Receipts
$508,862
Mission and Program Overview

Mission

The purpose of the foundation is to support the educational programs and services of the ashland community and technical sollege and to promote awareness of the college for the benefit of its student body and alumni.

To support the educational programs and services of ashland community college and to promote awareness of the college.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$4,503,753$4,544,923▲ $41,170
Land, Buildings, and Equipment, Net$798,627$767,827▼ $30,800
Savings and Temporary Cash Investments$428,091$435,118▲ $7,027
Pledges and Grants Receivable$47,924$12,074▼ $35,850
Accounts Receivable$2,624$8,977▲ $6,353
Prepaid Expenses and Deferred Charges$10,792$2,792▼ $8,000
Total Assets$5,796,616$5,771,711▼ $24,905
Other Assets Total$4,805--
Liabilities
Mortgage Notes Payable Secured by Investment Property$339,840$317,149▼ $22,691
Accounts Payable and Accrued Expenses$54,504$54,778▲ $274
Total Liabilities$394,344$371,927▼ $22,417
Net Assets / Fund Balance
Permanently Rstr Net Assets$3,168,786$3,310,282▲ $141,496
Temporarily Rstr Net Assets$2,163,654$2,066,985▼ $96,669
Unrestricted Net Assets$69,832$22,517▼ $47,315
Total Net Assets Fund Balance$5,402,272$5,399,784▼ $2,488
Total Liabilities and Net Assets / Fund Balance$5,796,616$5,771,711▼ $24,905

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$767,827$156,165-
Other Securities$942,023--
Compensation and Service Providers
Top Officer Pay19th percentile

Board Members and Trustees

NameTitle
Robert MaherPresident
Bruce ShafferDirector
Carol KelleyDirector
Kay AdkinsDirector
Lance MccomisDirector
Marganna PhelpsDirector
Mary Kay Mcginnis RuarkDirector
Pamela H PotterDirector
Patton HartDirector
Perry MaddenDirector
Stuart WebbDirector
Willie McculloughDirector
Kathryn C Davis LampTrustee/dire
Rick ClarkTrustee/dire
Francie MartinActc Faculty
Kellie AllenActc Staff R
Michael HobbsSecretary
Kathryn BarberStudent Repr
Terry FyffeTreasurer
John Stewart JrVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$336,610
Program Service Revenue
$0
Investment Income
$88,045
Other Revenue
$84,207
All Other Contributions
$336,610
Change in Net Assets
$-42,718

Audited Revenue Reconciliation

Revenue per Audited Statements
$508,862
Total Revenue per Audited Statements
$508,862
Total Revenue per Form 990
$508,862
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$361,226
Grants and Similar Amounts Paid$190,354
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$190,354--$190,354
Occupancy-$68,792-$68,792
Depreciation Depletion-$30,800-$30,800
Fees for Service Investment Mgmnt Fees-$10,810-$10,810
Fees for Services Accounting-$6,700-$6,700
Other Expenses$216,015$264-$264
Total Functional Expenses$406,369$145,211$0$551,580

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$551,580
Total Expenses per Audited Statements$551,580
Total Expenses per Form 990$551,580
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Ashland Community & Technical ColAshland, KY-Education$190,354
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
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
No
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, Page 6, Part VI, Line 11B

“The 990 is sent to the foundation treasurer, and available for review by the director of advancement, dean of institutional advancement and manager of accounts following preparation by accounting firm.”

Form 990, Page 6, Part VI, Line 12C

“The foundation has no employees.”

Form 990, Page 6, Part VI, Line 19

“Documents are available at the advancement office upon request.”

Filing and Contact Details

Filer

Filer Name
Community and Technical College
EIN
61-1274401
Phone
6063292999
Address
1400 COLLEGE DRIVE, ASHLAND, KY 41101-3617

Signing Officer

Name
Robert Maher
Title
President
Phone
6063292999
Signed
2017-02-03

Organization Details

Principal Officer
Robert Maher
Formed
1994
Legal Domicile
Ky
Voting Board Members
20
Independent Board Members
20
Employees
0
Volunteers
20

Preparer

Firm
Kelley Galloway Smith Goolsby Psc
Address
1200 CORPORATE COURT PO BOX 990, ASHLAND, KY 41105-0990
Preparer
Lori F Dearfield CPA
Phone
6063291811
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Residential property expenses 0 residential property expenses 0”

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 4B

“Residential property expenses 0”

Schedule D, Page 4, Part XII, Line 2D

“Residential property expenses 0”

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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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IRS990/PrincipalOfficerNm0ROBERT MAHER
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IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0RESIDENTIAL PROPERTY 0
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SUPPORTING SCHEDULE
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02034676
IRS990ScheduleA/TotalSupportAmt02506877
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt0156165
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IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt11247012
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt2942023
IRS990ScheduleD/OtherSecuritiesGrp/Desc0MULTI-STRATEGY EQUITY FUND
IRS990ScheduleD/OtherSecuritiesGrp/Desc1EQUITIES
IRS990ScheduleD/OtherSecuritiesGrp/Desc2MULTI-STRATEGY BOND FUND
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IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2F
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0RESIDENTIAL PROPERTY EXPENSES 0
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1RESIDENTIAL PROPERTY EXPENSES 0
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 4B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 2D
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IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/RecipientTable/CashGrantAmt0190354
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0EDUCATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0ASHLAND COMMUNITY & TECHNICAL COL
IRS990ScheduleI/RecipientTable/RecipientEIN0611320380
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01400 COLLEGE DR
IRS990ScheduleI/RecipientTable/USAddress/CityNm0ASHLAND
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0KY
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd041101
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS SENT TO THE FOUNDATION TREASURER, AND AVAILABLE FOR REVIEW BY THE DIRECTOR OF ADVANCEMENT, DEAN OF INSTITUTIONAL ADVANCEMENT AND MANAGER OF ACCOUNTS FOLLOWING PREPARATION BY ACCOUNTING FIRM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION HAS NO EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DOCUMENTS ARE AVAILABLE AT THE ADVANCEMENT OFFICE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3RESIDENTIAL PROPERTY EXPENSES 0 RESIDENTIAL PROPERTY EXPENSES 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9
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IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
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IRS990/TotalAssetsBOYAmt05796616
IRS990/TotalAssetsEOYAmt05771711
IRS990/TotalAssetsGrp/BOYAmt05796616

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,771,711
Liabilities
$371,927
Net assets
$5,399,784
Revenue
$508,862
Expenses
$551,580
Net income
-$42,718
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$13.2$0.30$12.9$1.53$0.72$0.81
2024Detailed filing. Detailed filing data is available for this year.$11.2$0.31$10.9$0.43$0.68$0.25
2023Detailed filing. Detailed filing data is available for this year.$10.0$0.33$9.69$0.50$0.76$0.26
2022Detailed filing. Detailed filing data is available for this year.$9.21$0.35$8.86$0.36$0.51$0.15
2021Detailed filing. Detailed filing data is available for this year.$10.3$0.34$9.99$0.27$0.48$0.20
2020Detailed filing. Detailed filing data is available for this year.$8.64$0.34$8.30$1.22$0.55$0.67
2019Detailed filing. Detailed filing data is available for this year.$7.68$0.35$7.32$0.63$0.55$0.08
2018Detailed filing. Detailed filing data is available for this year.$7.04$0.36$6.68$0.48$0.51$0.03
2017Detailed filing. Detailed filing data is available for this year.$6.53$0.36$6.17$0.70$0.56$0.14
2016Detailed filing. Detailed filing data is available for this year.$5.77$0.37$5.40$0.51$0.55$0.04
2015Detailed filing. Detailed filing data is available for this year.$5.80$0.39$5.40$0.53$0.49$0.03
2014Detailed filing. Detailed filing data is available for this year.$5.64$0.41$5.23$0.55$0.55$0.00
2013Summary only. Only limited summary data is available for this year.$5.25$0.62$4.63$0.36$2.17$1.81
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.59$0.54$6.06$0.37
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.86$0.04$5.83$0.23