Civic Intelligence

Kentucky Association For

EIN 74-3242650 • 501(c)6 • Frankfort, KY

Profile

Our purpose is to educate, advocate and connect with our members on issues that are important to the economic development in the commonwealth of kentucky.

101 Burch CourtFrankfort, KY 40601

www.kaedonline.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

37th percentile

0.07x

Higher debt load relative to assets than 37% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

65th percentile

0.28x

Higher debt load relative to revenue than 65% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Net Margin

2nd percentile

-54%

Higher net margin than 2% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

12th percentile

-11%

Faster asset growth than 12% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

83rd percentile

25%

Faster revenue growth than 83% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$2,552,407

Down $312,584 (-11%) from 2023

Liabilities

Up

$188,611

Up $38,450 (+26%) from 2023

Net Assets

Down

$2,363,796

Down $351,034 (-13%) from 2023

Revenue

Up

$669,187

Up $132,071 (+25%) from 2023

Expenses

Down

$1,030,304

Down $49,845 (-4.6%) from 2023

Net Income

Up

-$361,117

Up $181,916 (+33%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $857,277Liabilities 2010: $1,459Net Assets 2010: $855,8182010Assets 2011: $826,954Liabilities 2011: $6,754Net Assets 2011: $820,2002011Assets 2012: $997,114Liabilities 2012: $61,000Net Assets 2012: $936,1142012Assets 2013: $899,277Liabilities 2013: $62,910Net Assets 2013: $836,3672013Assets 2014: $995,333Liabilities 2014: $55,609Net Assets 2014: $939,7242014Assets 2015: $1,113,522Liabilities 2015: $179,585Net Assets 2015: $933,9372015Assets 2016: $1,365,438Liabilities 2016: $331,870Net Assets 2016: $1,033,5682016Assets 2017: $1,361,662Liabilities 2017: $98,911Net Assets 2017: $1,262,7512017Assets 2018: $1,194,383Liabilities 2018: $85,899Net Assets 2018: $1,108,4842018Assets 2019: $1,472,264Liabilities 2019: $65,901Net Assets 2019: $1,406,3632019Assets 2020: $1,714,434Liabilities 2020: $139,071Net Assets 2020: $1,575,3632020Assets 2021: $2,734,558Liabilities 2021: $130,537Net Assets 2021: $2,604,0212021Assets 2022: $3,478,711Liabilities 2022: $253,856Net Assets 2022: $3,224,8552022Assets 2023: $2,864,991Liabilities 2023: $150,161Net Assets 2023: $2,714,8302023Assets 2024: $2,552,407Liabilities 2024: $188,611Net Assets 2024: $2,363,7962024

Highlighted filing

2024

Assets$2,552,407
Liabilities$188,611
Net Assets$2,363,796

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.0M$0-$1.0MRevenue 2010: $1,216,587Expenses 2010: $403,369Net Income 2010: $813,2182010Revenue 2011: $418,367Expenses 2011: $453,985Net Income 2011: -$35,6182011Expenses 2012: $483,0792012Revenue 2013: $542,055Expenses 2013: $462,285Net Income 2013: $79,7702013Revenue 2014: $655,649Expenses 2014: $551,239Net Income 2014: $104,4102014Revenue 2015: $565,797Expenses 2015: $557,010Net Income 2015: $8,7872015Revenue 2016: $699,888Expenses 2016: $615,875Net Income 2016: $84,0132016Revenue 2017: $784,581Expenses 2017: $574,490Net Income 2017: $210,0912017Revenue 2018: $435,699Expenses 2018: $548,492Net Income 2018: -$112,7932018Revenue 2019: $680,288Expenses 2019: $433,398Net Income 2019: $246,8902019Revenue 2020: $379,913Expenses 2020: $232,995Net Income 2020: $146,9182020Revenue 2021: $1,500,072Expenses 2021: $522,720Net Income 2021: $977,3522021Revenue 2022: $1,883,550Expenses 2022: $1,190,069Net Income 2022: $693,4812022Revenue 2023: $537,116Expenses 2023: $1,080,149Net Income 2023: -$543,0332023Revenue 2024: $669,187Expenses 2024: $1,030,304Net Income 2024: -$361,1172024

Highlighted filing

2024

Revenue$669,187
Expenses$1,030,304
Net Income-$361,117

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.55$0.19$2.36$0.67$1.03$0.36
2023Summary only. Only limited summary data is available for this year.$2.86$0.15$2.71$0.54$1.08$0.54
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.48$0.25$3.22$1.88$1.19$0.69
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.73$0.13$2.60$1.50$0.52$0.98
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.71$0.14$1.58$0.38$0.23$0.15
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.47$0.07$1.41$0.68$0.43$0.25
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.19$0.09$1.11$0.44$0.55$0.11
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.36$0.10$1.26$0.78$0.57$0.21
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.37$0.33$1.03$0.70$0.62$0.08
2015Detailed filing. Detailed filing data is available for this year.$1.11$0.18$0.93$0.57$0.56$0.01
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.00$0.06$0.94$0.66$0.55$0.10
2013Detailed filing. Detailed filing data is available for this year.$0.90$0.06$0.84$0.54$0.46$0.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.00$0.06$0.94$0.48
2011Summary only. Only limited summary data is available for this year.$0.83$0.01$0.82$0.42$0.45$0.04
2010Summary only. Only limited summary data is available for this year.$0.86$0.00$0.86$1.22$0.40$0.81
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Sep 13, 2023
Return Version
2022v5.0
Gross Receipts
$1,883,550
Mission and Program Overview

Mission

Our purpose is to educate, advocate and connect with our members on issues that are important to the economic development in the Commonwealth of Kentucky.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,181,588$2,891,934▲ $710,346
Investments in Publicly Traded Securities$417,846$354,897▼ $62,949
Accounts Receivable$132,358$220,725▲ $88,367
Prepaid Expenses and Deferred Charges$2,720$8,420▲ $5,700
Total Assets$2,737,155$3,478,711▲ $741,556
Other Assets Total$2,643$2,735▲ $92
Liabilities
Deferred Revenue$127,312$229,550▲ $102,238
Other Liabilities$0$20,300▲ $20,300
Accounts Payable and Accrued Expenses$3,224$4,006▲ $782
Total Liabilities$130,536$253,856▲ $123,320
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,584,730$2,458,813▲ $874,083
Net Assets Without Donor Restrictions$1,021,889$766,042▼ $255,847
Total Net Assets Fund Balance$2,606,619$3,224,855▲ $618,236
Total Liabilities and Net Assets / Fund Balance$2,737,155$3,478,711▲ $741,556
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Haley S MccoyPresident / CEOFT$45,418$45,418
Matthew TackettFormer President / CEOFT$37,386$37,386

Board Members and Trustees

NameTitle
Brett TraverChairman
Amanda DavenportVice President
Amanda ClarkDirector
Brittany JohnsonDirector
Danny IsaacsDirector
Gina GreathouseDirector
Jodi AshbyuDirector
Ray HagermanDirector
Rick GamesDirector
Rodney HitchDirector
Tom WestDirector
Bob HeltonExecutive
Kimberly RossettiSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$1,567,562
Program Service Revenue
$296,687
Investment Income
$19,301
Other Revenue
$0
All Other Contributions
$1,497,500
Change in Net Assets
$693,481
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,017,048
Salaries, Compensation, and Employee Benefits$173,021
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$86,206
All Other Expenses---$68,421
Other Expenses---$54,608
Current Officers, Directors, Trustees, and Key Employees---$45,418
Other Employee Benefits---$30,425
Office Expenses---$20,163
Advertising---$16,318
Occupancy---$15,600
Fees for Services Accounting---$12,977
Travel---$11,462
Payroll Taxes---$10,972
Fees for Services Other---$9,827
Information Technology---$6,794
Fees for Service Investment Mgmnt Fees---$5,633
Insurance---$2,240
Total Functional Expenses$0$0$0$1,190,069
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
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Current Year Nondeductible Lobbying and Political Cost$5,045
Total Nondeductible Lobbying and Political Cost$5,045
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Foundation$20,300
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
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 11B

The 990 is reviewed by the Executive Director and a representative of the Organization's accounting firm.

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

Each board member is required to sign an annual conflict of interest statement.

Form 990, Part VI, Section C, line 19

All governing documents are available for review at the organization's office upon receiving a written request for said documents.

Filing and Contact Details

Filer

Filer Name
Kentucky Association for
EIN
74-3242650
Phone
5022279653
Address
101 BURCH COURT, FRANKFORT, KY 40601

Signing Officer

Name
Haley S Mccoy
Title
Executive Director
Phone
5022279653
Signed
2023-09-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Haley S Mccoy
Formed
1967
Legal Domicile
Ky
Voting Board Members
14
Independent Board Members
14
Employees
3
Volunteers
0

Preparer

Firm
Amick & Company PSC
Address
410 W Chestnut St Ste 237, Louisville, KY 40202-2323
Preparer
Albert H Klein II
Phone
5025835381
Raw XML AppendixShowing 400 of 420 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/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10EXECUTIVE
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12CHAIRMAN
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IRS990/MissionDesc0Our purpose is to educate, advocate and connect with our members on issues that are important to the economic development in the Commonwealth of Kentucky.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/NetAssetsOrFundBalancesEOYAmt03224855
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-72613
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01021889
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0766042
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt015600
IRS990/OfficeExpensesGrp/TotalAmt020163
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
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IRS990/OtherAssetsTotalGrp/EOYAmt02735
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt030425
IRS990/OtherExpensesGrp/Desc0Restricted Member Suppo
IRS990/OtherExpensesGrp/Desc1Event Expenses
IRS990/OtherExpensesGrp/Desc2Economic Development An
IRS990/OtherExpensesGrp/Desc3Legislative Affairs
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IRS990/OtherExpensesGrp/TotalAmt1119094
IRS990/OtherExpensesGrp/TotalAmt297860
IRS990/OtherExpensesGrp/TotalAmt354608
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IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
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IRS990/PoliticalCampaignActyInd00
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt08420
IRS990/PrincipalOfficerNm0HALEY S MCCOY
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IRS990/ProgramServiceRevenueGrp/BusinessCd0541900
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IRS990/ProgramServiceRevenueGrp/BusinessCd2541900
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IRS990/ProgramServiceRevenueGrp/Desc0Corporate Sponsors
IRS990/ProgramServiceRevenueGrp/Desc1Event Registrations
IRS990/ProgramServiceRevenueGrp/Desc2Event Sponsorships
IRS990/ProgramServiceRevenueGrp/Desc3Kentucky United
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt151170
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt250300
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt334217
IRS990/ProgSrvcAccomActy2Grp/Desc0KAED PROVIDES AN ATMOSPHERE WHERE PROFESSIONALS CAN WORK TOGETHER TO SOLVE PROBLEMS, SHARE IDEAS AND BUILD A NETWORK.
IRS990/ProgSrvcAccomActy3Grp/Desc0KAED HOSTS VARIOUS EVENTS AND CONFERENCES FOR THE BENEFIT OF ITS MEMBERS.
IRS990/ProgSrvcAccomActyOtherGrp/Desc0OPERATING AND PERSONNEL EXPENSES THAT ARE NOT ALLOCATED TO SPECIFIC PROGRAMS.
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IRS990/PYTotalRevenueAmt00
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IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
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IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/ScheduleBRequiredInd00
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IRS990ScheduleC/SubstantiallyAllDuesNondedInd00
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Due to Foundation
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IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MATTHEW TACKETT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0FORMER PRESIDENT / CEO
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The 990 is reviewed by the Executive Director and a representative of the Organization's accounting firm.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH BOARD MEMBER IS REQUIRED TO SIGN AN ANNUAL CONFLICT OF INTEREST STATEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL GOVERNING DOCUMENTS ARE AVAILABLE FOR REVIEW AT THE ORGANIZATION'S OFFICE UPON RECEIVING A WRITTEN REQUEST FOR SAID DOCUMENTS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0KY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd01
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsGrp/EOYAmt03478711
IRS990/TotalCompGreaterThan150KInd00
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IRS990/TotalEmployeeCnt03
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IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesEOYAmt0253856
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IRS990/TotalOtherCompensationAmt00
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IRS990/TotalRevenueGrp/ExclusionAmt019301
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01883550
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IRS990/TotalVolunteersCnt00
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03478711
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt011462
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0101 BURCH COURT
IRS990/USAddress/CityNm0FRANKFORT
IRS990/USAddress/StateAbbreviationCd0KY
IRS990/USAddress/ZIPCd040601
IRS990/VotingMembersGoverningBodyCnt014
IRS990/VotingMembersIndependentCnt014
IRS990/WebsiteAddressTxt0WWW.KAEDONLINE.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0HALEY S MCCOY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum05022279653
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-09-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0KENTUCKY ASSOCIATION FOR
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0ECONOMIC DEVELOPMENT INC
ReturnHeader/Filer/BusinessNameControlTxt0KENT
ReturnHeader/Filer/EIN0743242650
ReturnHeader/Filer/PhoneNum05022279653
ReturnHeader/Filer/USAddress/AddressLine1Txt0101 BURCH COURT
ReturnHeader/Filer/USAddress/CityNm0FRANKFORT

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