Civic Intelligence

Kentucky Community & Technical College System Foundation Inc.

990 • Fiscal year 2015 • EIN 61-1351918

Jul 01, 2014 to Jun 30, 2015 • Filed on Nov 12, 2015

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

31st percentile

0.02x

Higher debt load relative to assets than 31% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

48th percentile

0.10x

Higher debt load relative to revenue than 48% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

5th percentile

-63%

Higher net margin than 5% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

12th percentile

-10%

Faster asset growth than 12% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

90th percentile

60%

Faster revenue growth than 90% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets31st percentile

Assets

Down

$2,409,962

Down $281,867 (-10%) from 2014

Net Assets

Down

$2,357,083

Down $280,538 (-11%) from 2014

Liabilities

Down

$52,879

Down $1,329 (-2.5%) from 2014

Revenue And Expenses
Liabilities / Revenue48th percentileNet Margin5th percentile

Revenue

Up

$536,063

Up $201,773 (+60%) from 2014

Expenses

Up

$873,829

Up $458,841 (+111%) from 2014

Net Income

Down

-$337,766

Down $257,068 (-319%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth12th 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

2015

Assets$2,409,962
Liabilities$52,879
Net Assets$2,357,083
Open 2015 Filing

Operations Trend

Revenue Growth90th 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

2015

Revenue$536,063
Expenses$873,829
Net Income-$337,766
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Nov 12, 2015
Return Version
2014v5.0
Gross Receipts
$536,063
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$1,320,562$1,375,045▲ $54,483
Cash and Non-Interest-Bearing Accounts$970,493$636,791▼ $333,702
Savings and Temporary Cash Investments$394,339$388,000▼ $6,339
Land, Buildings, and Equipment, Net$2,618$5,072▲ $2,454
Prepaid Expenses and Deferred Charges$3,817$3,835▲ $18
Pledges and Grants Receivable-$1,219-
Total Assets$2,691,829$2,409,962▼ $281,867
Liabilities
Other Liabilities$52,008$50,679▼ $1,329
Accounts Payable and Accrued Expenses$2,200$2,200→ $0
Total Liabilities$54,208$52,879▼ $1,329
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,571,065$1,270,555▼ $300,510
Permanently Rstr Net Assets$789,339$796,389▲ $7,050
Unrestricted Net Assets$277,217$290,139▲ $12,922
Total Net Assets Fund Balance$2,637,621$2,357,083▼ $280,538
Total Liabilities and Net Assets / Fund Balance$2,691,829$2,409,962▼ $281,867

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,072$18,714$23,786

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$1,296,996$7,050▲ $56,911$1,405$1,359,552
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
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
F Lee HessChair
Kathy LoveImmediate Past Chair
Dr Phil NealKctcs President Appointee
Timothy R BurchamExecutive Director
Dr C Nelson GroteEmeritus Member
Dr Jay BoxEx-officio Member
Marcia L RothEx-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
$468,164
Program Service Revenue
$0
Investment Income
$2,345
Other Revenue
$65,554
All Other Contributions
$468,164
Change in Net Assets
$-337,766

Audited Revenue Reconciliation

Revenue per Audited Statements
$536,063
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$202,705
Total Revenue per Audited Statements
$738,768
Total Revenue per Form 990
$536,063
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$594,622
Other Expenses$279,207
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$460,986--$460,986
Grants to Domestic Individuals$133,636--$133,636
All Other Expenses$7,373$16,407-$23,780
Other Expenses$12,488--$12,488
Fees for Services Accounting-$11,500-$11,500
Insurance-$4,608-$4,608
Conferences and Meetings$1,936--$1,936
Depreciation Depletion-$1,846-$1,846
Fees for Services Legal-$427-$427
Total Functional Expenses$839,041$34,788$0$873,829

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,019,306
Expenses per Audited Statements$873,829
Total Expenses per Form 990$873,829
Expenses Not Reported on Form 990$145,477
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Kentucky Community and Technical College SystemVersailles, KY115Academic and Technical Programs$460,986
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$50,679
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

Filer Name
Kentucky Community and Technical
EIN
61-1351918
Phone
8592563227
Address
300 NORTH MAIN STREET, VERSAILLES, KY 40383

Signing Officer

Name
Timothy R Burcham
Title
Executive Director
Phone
8592563227
Signed
2015-11-12
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

Firm
Dean Dorton Allen Ford Pllc
Address
106 W VINE STREET SUITE 600, LEXINGTON, KY 40507
Preparer
Leigh Mckee
Phone
8592552341
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Donated services and use of facilities -145,477.”

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 2011.”

Raw XML AppendixShowing 400 of 522 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/InvestmentIncomeGrp/TotalRevenueColumnAmt02345
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt01320562
IRS990/InvestmentsPubTradedSecGrp/EOYAmt01375045
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt018714
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02618
IRS990/LandBldgEquipBasisNetGrp/EOYAmt05072
IRS990/LandBldgEquipCostOrOtherBssAmt023786
IRS990/LegalDomicileStateCd0KY
IRS990/LoanOutstandingInd00
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/NetAssetsOrFundBalancesBOYAmt02637621
IRS990/NetAssetsOrFundBalancesEOYAmt02357083
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt057228
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt0-145477
IRS990/OtherExpensesGrp/Desc0RECOGNITION DINNER
IRS990/OtherExpensesGrp/Desc1RESTRICTED ACCOUNT EXPE
IRS990/OtherExpensesGrp/Desc2CONVERGENCE CONFERENCE
IRS990/OtherExpensesGrp/Desc3PRESIDENT'S DISCRETIONA
IRS990/OtherExpensesGrp/ProgramServicesAmt0116738
IRS990/OtherExpensesGrp/ProgramServicesAmt166884
IRS990/OtherExpensesGrp/ProgramServicesAmt239000
IRS990/OtherExpensesGrp/ProgramServicesAmt312488
IRS990/OtherExpensesGrp/TotalAmt0116738
IRS990/OtherExpensesGrp/TotalAmt166884
IRS990/OtherExpensesGrp/TotalAmt239000
IRS990/OtherExpensesGrp/TotalAmt312488
IRS990/OtherLiabilitiesGrp/BOYAmt052008
IRS990/OtherLiabilitiesGrp/EOYAmt050679
IRS990/OtherRevenueMiscGrp/BusinessCd0900990
IRS990/OtherRevenueMiscGrp/Desc0RECOGNITION DINNER
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt065554
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt065554
IRS990/OtherRevenueTotalAmt065554
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0789339
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0796389
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01219
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03817
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03835
IRS990/PrincipalOfficerNm0TIMOTHY R BURCHAM
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0271446
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0221726
IRS990/PYInvestmentIncomeAmt02789
IRS990/PYOtherExpensesAmt0193262
IRS990/PYOtherRevenueAmt060055
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-80698
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0414988
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0334290
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-337766
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt065554
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0394339
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0388000
IRS990ScheduleA/CollegeOrganizationInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0468164
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0271446
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0348218
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0252049
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0361345
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01701222
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt02345
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt02789
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt04056
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt03963
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt04975
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt018128
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt065554
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt060055
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt078636
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt061470
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt059925
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0325640
IRS990ScheduleA/PublicSupportCY170Pct00.61760
IRS990ScheduleA/PublicSupportPY170Pct00.63870
IRS990ScheduleA/PublicSupportTotal170Amt01263061
IRS990ScheduleA/SubstantialContributorsTotAmt0438161
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0468164
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0271446
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0348218
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0252049
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0361345
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01701222
IRS990ScheduleA/TotalSupportAmt02044990
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/BoardDesignatedBalanceEOYPct00.15220
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt01296996
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt07050
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01359552
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt056911
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt01405
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01090466
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt07550
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt01296996
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0200267
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt01287
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0946514
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt03000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt01090466
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0142361
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt01409
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0931667
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt05150
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0946514
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt012195
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt02498
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0794258
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt010000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0931667
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0151110
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt023701
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0145477
IRS990ScheduleD/DonatedServicesUseFcltsAmt0145477
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt05072
IRS990ScheduleD/EquipmentGrp/DepreciationAmt018714
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt023786
IRS990ScheduleD/ExpensesNotReportedAmt0145477
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0873829
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt057228
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt050679
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ANNUITIES PAYABLE
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.58580
IRS990ScheduleD/RevenueNotReportedAmt0202705
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0536063
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 2011.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.26200
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05072
IRS990ScheduleD/TotalExpensesPerForm990Amt0873829
IRS990ScheduleD/TotalLiabilityAmt050679
IRS990ScheduleD/TotalRevenuePerForm990Amt0536063
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0738768
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01019306
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt02500
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt173750
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt25386
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt35000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt42500
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt52500

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,409,962
Liabilities
$52,879
Net assets
$2,357,083
Revenue
$536,063
Expenses
$873,829
Net income
-$337,766
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