Civic Intelligence

Kentucky Community & Technical College System Foundation Inc.

990 • Fiscal year 2014 • EIN 61-1351918

Jul 01, 2013 to Jun 30, 2014 • Filed on Nov 12, 2014

Organization ProfileWWW.KCTCS.EDU/FOUNDATION
300 North Main StreetVersailles, KY 40383

(859) 256-3227

Siviq Scores

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

Liabilities / Assets

30th percentile

0.02x

Higher debt load relative to assets than 30% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

58th percentile

0.16x

Higher debt load relative to revenue than 58% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

12th percentile

-24%

Higher net margin than 12% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

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

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

59th percentile

4.8%

Faster asset growth than 59% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

12th percentile

-22%

Faster revenue growth than 12% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets30th percentile

Assets

Up

$2,691,829

Up $123,379 (+4.8%) from 2013

Net Assets

Up

$2,637,621

Up $122,681 (+4.9%) from 2013

Liabilities

Up

$54,208

Up $698 (+1.3%) from 2013

Revenue And Expenses
Liabilities / Revenue58th percentileNet Margin12th percentile

Revenue

Down

$334,290

Down $96,620 (-22%) from 2013

Expenses

Up

$414,988

Up $143,128 (+53%) from 2013

Net Income

Down

-$80,698

Down $239,748 (-151%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth59th percentile

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

$30M$20M$10M$0Assets 2011: $2,261,484Liabilities 2011: $53,719Net Assets 2011: $2,207,7652011Assets 2012: $2,262,324Liabilities 2012: $52,207Net Assets 2012: $2,210,1172012Assets 2013: $2,568,450Liabilities 2013: $53,510Net Assets 2013: $2,514,9402013Assets 2014: $2,691,829Liabilities 2014: $54,208Net Assets 2014: $2,637,6212014Assets 2015: $2,409,962Liabilities 2015: $52,879Net Assets 2015: $2,357,0832015Assets 2016: $2,419,109Liabilities 2016: $5,448Net Assets 2016: $2,413,6612016Assets 2017: $2,779,803Liabilities 2017: $2,200Net Assets 2017: $2,777,6032017Assets 2018: $2,943,204Liabilities 2018: $0Net Assets 2018: $2,943,2042018Assets 2019: $3,150,674Liabilities 2019: $0Net Assets 2019: $3,150,6742019Assets 2020: $3,703,098Liabilities 2020: $4,095Net Assets 2020: $3,699,0032020Assets 2021: $7,742,364Liabilities 2021: $1,339,216Net Assets 2021: $6,403,1482021Assets 2022: $10,345,360Liabilities 2022: $1,162,920Net Assets 2022: $9,182,4402022Assets 2023: $13,812,592Liabilities 2023: $1,298,047Net Assets 2023: $12,514,5452023Assets 2024: $21,975,662Liabilities 2024: $2,478,999Net Assets 2024: $19,496,6632024

Highlighted filing

2014

Assets$2,691,829
Liabilities$54,208
Net Assets$2,637,621
Open 2014 Filing

Operations Trend

Revenue Growth12th percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $423,4472011Expenses 2012: $326,7642012Revenue 2013: $430,910Expenses 2013: $271,860Net Income 2013: $159,0502013Revenue 2014: $334,290Expenses 2014: $414,988Net Income 2014: -$80,6982014Revenue 2015: $536,063Expenses 2015: $873,829Net Income 2015: -$337,7662015Revenue 2016: $410,057Expenses 2016: $349,036Net Income 2016: $61,0212016Revenue 2017: $401,196Expenses 2017: $229,184Net Income 2017: $172,0122017Revenue 2018: $345,518Expenses 2018: $325,140Net Income 2018: $20,3782018Revenue 2019: $234,278Expenses 2019: $168,607Net Income 2019: $65,6712019Revenue 2020: $1,149,310Expenses 2020: $641,685Net Income 2020: $507,6252020Revenue 2021: $2,642,430Expenses 2021: $743,991Net Income 2021: $1,898,4392021Revenue 2022: $5,950,340Expenses 2022: $1,950,798Net Income 2022: $3,999,5422022Revenue 2023: $4,088,452Expenses 2023: $1,862,334Net Income 2023: $2,226,1182023Revenue 2024: $6,750,000Expenses 2024: $1,143,961Net Income 2024: $5,606,0392024

Highlighted filing

2014

Revenue$334,290
Expenses$414,988
Net Income-$80,698
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Nov 12, 2014
Return Version
2013v3.0
Gross Receipts
$334,290
Mission and Program Overview

Mission

To advance fundraising, advocacy, public relations, and the educational and community service goals of the kentucky community & technical college system in order to benefit those served by the kentucky community & technical college system.

Support of the kentucky community and technical college system.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,117,725$1,320,562▲ $202,837
Cash and Non-Interest-Bearing Accounts$1,041,447$970,493▼ $70,954
Savings and Temporary Cash Investments$393,693$394,339▲ $646
Pledges and Grants Receivable$9,000--
Prepaid Expenses and Deferred Charges$3,494$3,817▲ $323
Land, Buildings, and Equipment, Net$3,091$2,618▼ $473
Total Assets$2,568,450$2,691,829▲ $123,379
Liabilities
Other Liabilities$53,510$52,008▼ $1,502
Accounts Payable and Accrued Expenses-$2,200-
Total Liabilities$53,510$54,208▲ $698
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,519,455$1,571,065▲ $51,610
Permanently Rstr Net Assets$781,789$789,339▲ $7,550
Unrestricted Net Assets$213,696$277,217▲ $63,521
Total Net Assets Fund Balance$2,514,940$2,637,621▲ $122,681
Total Liabilities and Net Assets / Fund Balance$2,568,450$2,691,829▲ $123,379

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,618$16,868$19,486

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$1,090,466$7,550▲ $200,267$1,287$1,296,996
2012$946,514$3,000▲ $142,361$1,409$1,090,466
2011$931,667$5,150▲ $12,195$2,498$946,514
2010$794,258$10,000▲ $151,110$23,701$931,667
2009$863,140$155▲ $12,929$81,966$794,258
Compensation and Service Providers
Top Officer Pay34th percentile

Board Members and Trustees

NameTitle
F Lee HessChair
Kathy LoveImmediate Past Chair
Dr Thelma J WhitePresident Appointee
Timothy R BurchamExecutive Director
Dr C Nelson GroteEmeritus Member
Dr Michael B MccallEx-officio Member
Mr Pg Peeples SrEx-officio Member
Anthony CampbellMember
Barry S BishopMember
Greg HigdonMember
Gregory G PauleyMember
Philip Bruce LeslieMember
Raymond DanielsMember
Linda RumpkeSecretary
Jim LemasterTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$271,446
Program Service Revenue
$0
Investment Income
$2,789
Other Revenue
$60,055
All Other Contributions
$271,446
Change in Net Assets
$-80,698

Audited Revenue Reconciliation

Revenue per Audited Statements
$334,290
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$345,652
Total Revenue per Audited Statements
$679,942
Total Revenue per Form 990
$334,290
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$221,726
Other Expenses$193,262
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$110,906--$110,906
Grants to Domestic Orgs$110,820--$110,820
Fees for Services Accounting-$11,325-$11,325
Conferences and Meetings$8,382$500-$8,882
Other Expenses$8,049$8,520-$8,049
Insurance-$4,849-$4,849
All Other Expenses$1,483$120-$1,603
Depreciation Depletion-$473-$473
Total Functional Expenses$389,201$25,787$0$414,988

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$557,261
Expenses per Audited Statements$414,988
Total Expenses per Form 990$414,988
Expenses Not Reported on Form 990$142,273
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
61-1320380-115Academic and Technical Programs$110,820
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Annuities Payable$52,008
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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, Part VI, Section B, Line 11

“The 990 will be distributed via e-mail to the entire board before being submitted to the department of the treasury, internal revenue service.”

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

“The organization's conflict of interest policy is reviewed on an annual basis at their annual meeting.”

Form 990, Part VI, Section B, Line 15

“Form 990, part vi, section b, lines 15a and 15b: the organization does not have any employees.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents, conflict of interest policy, and financial statements are available upon request.”

Filing and Contact Details

Filer

EIN
61-1351918
Phone
8592563227

Signing Officer

Name
Timothy R Burcham
Title
Executive Director
Phone
8592563227
Signed
2014-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Timothy R Burcham
Formed
1999
Legal Domicile
Ky
Voting Board Members
15
Independent Board Members
15
Employees
0
Volunteers
15

Preparer

Preparer
Leigh Mckee
Phone
8592552341
Supplemental Narrative

Additional Explanations

Part XII, Line 2C

“The process pertaining to the selection of an independent accountant and oversight of the audit of the financial statements has not changed from the prior year.”

Financial Statement Notes

PART V, LINE 4:

“The financial and investment objectives for the endowment fund are intended to accomplish the primary goal of preserving or increasing the purchasing power of principal and income by maximizing real total return (adjusted for inflation), subject to risk constraints, and to achieve financial equilibrium by balancing annual spending and real total return. This will enhance the foundation's ability to meet changing state needs in both the short- and long-term.”

PART X, LINE 2:

“Kentucky community and technical college system foundation, inc., a not-for-profit organization operating under section 501(c)(3) of the internal revenue code, is generally exempt from federal, state, and local income taxes. The foundation's management does not believe the foundation has any unrelated business income. Accordingly, no provision for income taxes is recorded in the financial statements. Management has evaluated the foundation's tax positions and concluded that the foundation had taken no material uncertain tax positions that require recognition or disclosure in the financial statements. With few exceptions, the foundation is no longer subject to income tax examinations by the u.s. Federal, state or local tax authorities for years before 2010.”

Raw XML AppendixShowing 400 of 520 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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IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO ADVANCE FUNDRAISING, ADVOCACY, PUBLIC RELATIONS, AND THE EDUCATIONAL AND COMMUNITY SERVICE GOALS OF THE KENTUCKY COMMUNITY & TECHNICAL COLLEGE SYSTEM IN ORDER TO BENEFIT THOSE SERVED BY THE KENTUCKY COMMUNITY & TECHNICAL COLLEGE SYSTEM.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt02514940
IRS990/NetAssetsOrFundBalancesEOYAmt02637621
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0203379
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0RECOGNITION DINNER
IRS990/OtherExpensesGrp/Desc1FTPC VERSAILLES BUILDIN
IRS990/OtherExpensesGrp/Desc2ANNUITY EXPENSE & BANK
IRS990/OtherExpensesGrp/Desc3PRESIDENT'S DISCRETIONA
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt08520
IRS990/OtherExpensesGrp/ProgramServicesAmt0108771
IRS990/OtherExpensesGrp/ProgramServicesAmt140790
IRS990/OtherExpensesGrp/ProgramServicesAmt28049
IRS990/OtherExpensesGrp/TotalAmt0108771
IRS990/OtherExpensesGrp/TotalAmt140790
IRS990/OtherExpensesGrp/TotalAmt28520
IRS990/OtherExpensesGrp/TotalAmt38049
IRS990/OtherLiabilitiesGrp/BOYAmt053510
IRS990/OtherLiabilitiesGrp/EOYAmt052008
IRS990/OtherRevenueMiscGrp/BusinessCd0900990
IRS990/OtherRevenueMiscGrp/Desc0RECOGNITION DINNER
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt060055
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt060055
IRS990/OtherRevenueTotalAmt060055
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0781789
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0789339
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt09000
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03494
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03817
IRS990/PrincipalOfficerNm0TIMOTHY R BURCHAM
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0348218
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt078522
IRS990/PYInvestmentIncomeAmt04056
IRS990/PYOtherExpensesAmt0193338
IRS990/PYOtherRevenueAmt078636
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0159050
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0271860
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0430910
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-80698
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt060055
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0393693
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0394339
IRS990ScheduleA/CollegeOrganizationInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0271446
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0348218
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0252049
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0361345
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0394098
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01627156
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt02789
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt04056
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt03963
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt04975
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt08751
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt024534
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt060055
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt078636
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt061470
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt059925
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt023460
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0283546
IRS990ScheduleA/PublicSupportCY170Pct00.63870
IRS990ScheduleA/PublicSupportPY170Pct00.65480
IRS990ScheduleA/PublicSupportTotal170Amt01236089
IRS990ScheduleA/SubstantialContributorsTotAmt0391067
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0271446
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0348218
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0252049
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0361345
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0394098
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01627156
IRS990ScheduleA/TotalSupportAmt01935236
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.14410
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt01090466
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt07550
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01296996
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0200267
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt01287
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0946514
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt03000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt01090466
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0142361
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt01409
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0931667
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt05150
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0946514
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt012195
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt02498
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0794258
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt010000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0931667
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0151110
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt023701
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0863140
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0155
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0794258
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt012929
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt081966
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0142273
IRS990ScheduleD/DonatedServicesUseFcltsAmt0142273
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt02618
IRS990ScheduleD/EquipmentGrp/DepreciationAmt016868
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt019486
IRS990ScheduleD/ExpensesNotReportedAmt0142273
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0414988
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0203379
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt052008
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ANNUITIES PAYABLE
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.60860
IRS990ScheduleD/RevenueNotReportedAmt0345652
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0334290
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FINANCIAL AND INVESTMENT OBJECTIVES FOR THE ENDOWMENT FUND ARE INTENDED TO ACCOMPLISH THE PRIMARY GOAL OF PRESERVING OR INCREASING THE PURCHASING POWER OF PRINCIPAL AND INCOME BY MAXIMIZING REAL TOTAL RETURN (ADJUSTED FOR INFLATION), SUBJECT TO RISK CONSTRAINTS, AND TO ACHIEVE FINANCIAL EQUILIBRIUM BY BALANCING ANNUAL SPENDING AND REAL TOTAL RETURN. THIS WILL ENHANCE THE FOUNDATION'S ABILITY TO MEET CHANGING STATE NEEDS IN BOTH THE SHORT- AND LONG-TERM.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1KENTUCKY COMMUNITY AND TECHNICAL COLLEGE SYSTEM FOUNDATION, INC., A NOT-FOR-PROFIT ORGANIZATION OPERATING UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, IS GENERALLY EXEMPT FROM FEDERAL, STATE, AND LOCAL INCOME TAXES. THE FOUNDATION'S MANAGEMENT DOES NOT BELIEVE THE FOUNDATION HAS ANY UNRELATED BUSINESS INCOME. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS RECORDED IN THE FINANCIAL STATEMENTS. MANAGEMENT HAS EVALUATED THE FOUNDATION'S TAX POSITIONS AND CONCLUDED THAT THE FOUNDATION HAD TAKEN NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. WITH FEW EXCEPTIONS, THE FOUNDATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2010.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.24730
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02618
IRS990ScheduleD/TotalExpensesPerForm990Amt0414988
IRS990ScheduleD/TotalLiabilityAmt052008
IRS990ScheduleD/TotalRevenuePerForm990Amt0334290
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0679942
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0557261
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt02500
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt160000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt24614
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt35000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt46792
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt52500
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt628000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt71500
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0MARTHA JOHNSON SCHOLARSHIP
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1KENTUCKY COLONELS BETTER LIFE SCHOLARSHIPS

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,691,829
Liabilities
$54,208
Net assets
$2,637,621
Revenue
$334,290
Expenses
$414,988
Net income
-$80,698
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$22.0$2.48$19.5$6.75$1.14$5.61
2023Detailed filing. Detailed filing data is available for this year.$13.8$1.30$12.5$4.09$1.86$2.23
2022Detailed filing. Detailed filing data is available for this year.$10.3$1.16$9.18$5.95$1.95$4.00
2021Detailed filing. Detailed filing data is available for this year.$7.74$1.34$6.40$2.64$0.74$1.90
2020Detailed filing. Detailed filing data is available for this year.$3.70$0.00$3.70$1.15$0.64$0.51
2019Detailed filing. Detailed filing data is available for this year.$3.15$0.00$3.15$0.23$0.17$0.07
2018Detailed filing. Detailed filing data is available for this year.$2.94$0.00$2.94$0.35$0.33$0.02
2017Detailed filing. Detailed filing data is available for this year.$2.78$0.00$2.78$0.40$0.23$0.17
2016Detailed filing. Detailed filing data is available for this year.$2.42$0.01$2.41$0.41$0.35$0.06
2015Detailed filing. Detailed filing data is available for this year.$2.41$0.05$2.36$0.54$0.87$0.34
2014Detailed filing. Detailed filing data is available for this year.$2.69$0.05$2.64$0.33$0.41$0.08
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.57$0.05$2.51$0.43$0.27$0.16
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.26$0.05$2.21$0.33
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.26$0.05$2.21$0.42