Civic Intelligence

Kentucky Association for Economic Development Inc

990 • Fiscal year 2014 • EIN 74-3242650

Jan 01, 2014 to Dec 31, 2014 • Filed on Oct 13, 2015

101 Burch CourtFrankfort, KY 40601

(502) 227-9653

Siviq Scores

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

Liabilities / Assets

43rd percentile

0.06x

Higher debt load relative to assets than 43% of similar nonprofits.

2014 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

52nd percentile

0.08x

Higher debt load relative to revenue than 52% of similar nonprofits.

2014 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2014

Net Margin

84th percentile

16%

Higher net margin than 84% of similar nonprofits.

2014 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

55th percentile

$76,500

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 11.7% of source-year revenue.

2014 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2014

Asset Growth

68th percentile

11%

Faster asset growth than 68% of similar nonprofits.

2014 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

85th percentile

21%

Faster revenue growth than 85% of similar nonprofits.

2014 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Assets

Up

$995,333

Up $96,056 (+11%) from 2013

Net Assets

Up

$939,724

Up $103,357 (+12%) from 2013

Liabilities

Down

$55,609

Down $7,301 (-12%) from 2013

Revenue

Up

$655,649

Up $113,594 (+21%) from 2013

Expenses

Up

$551,239

Up $88,954 (+19%) from 2013

Net Income

Up

$104,410

Up $24,640 (+31%) from 2013

Historical Trend

Balance Sheet Trend

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

$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

2014

Assets$995,333
Liabilities$55,609
Net Assets$939,724

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2014

Revenue$655,649
Expenses$551,239
Net Income$104,410
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Oct 13, 2015
Return Version
2014v5.0
Gross Receipts
$655,649
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
Other Notes and Loans Receivable, Net$400,000$400,000→ $0
Savings and Temporary Cash Investments$319,298--
Cash and Non-Interest-Bearing Accounts$156,083$316,770▲ $160,687
Investments in Publicly Traded Securities-$276,829-
Accounts Receivable$21,171--
Land, Buildings, and Equipment, Net$2,725$1,734▼ $991
Total Assets$899,277$995,333▲ $96,056
Liabilities
Other Liabilities$50,000--
Deferred Revenue$7,875$41,680▲ $33,805
Accounts Payable and Accrued Expenses$5,035$13,929▲ $8,894
Total Liabilities$62,910$55,609▼ $7,301
Net Assets / Fund Balance
Unrestricted Net Assets$836,367$939,724▲ $103,357
Total Net Assets Fund Balance$836,367$939,724▲ $103,357
Total Liabilities and Net Assets / Fund Balance$899,277$995,333▲ $96,056

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,734$3,221$4,955
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Hal B GoodePresident /FT$76,500$76,500

Board Members and Trustees

NameTitle
Bruce CarpenterChairman
Deana Epperly KaremVice Chairma
Chuck SextonDirector
Jody LassiterDirector
Ken CarrollDirector
Matt BelcherDirector
Rodney HitchDirector
Ron BunchDirector
Tom WestDirector
Tonita GoodwinDirector
Vonda GatesDirector
Roxann FryImmediate Pa
Brad SowdenSecretary/tr
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$561,243
Investment Income
$19,406
Other Revenue
$75,000
Change in Net Assets
$104,410
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$381,930
Salaries, Compensation, and Employee Benefits$169,309
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$76,500
Other Salaries and Wages---$71,781
Occupancy---$21,056
Payroll Taxes---$12,278
Office Expenses---$10,324
Fees for Services Accounting---$8,710
Travel---$7,760
Advertising---$5,089
Other Employee Benefits---$4,730
Pension Plan Contributions---$4,020
Information Technology---$3,364
Insurance---$2,545
Other Expenses---$2,427
All Other Expenses---$2,340
Fees for Service Investment Mgmnt Fees---$2,073
Conferences and Meetings---$1,409
Depreciation Depletion---$991
Total Functional Expenses$0$0$0$551,239
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$4,465
Total Nondeductible Lobbying and Political Cost$4,465
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Foundation-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
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 financial statements are reviewed and approved by the board. Once the financial statements are approved, the 990 is prepared. Upon completion of the 990, it is reviewed by the executive director and a representative of the organization's accounting firm.

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

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

Form 990, Page 6, Part VI, 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
Hal B Goode
Title
President / CEO
Phone
5022279653
Signed
2015-10-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Hal B Goode
Formed
1967
Legal Domicile
Ky
Voting Board Members
13
Independent Board Members
13
Employees
4

Preparer

Firm
Amick & Company
Address
410 W CHESTNUT ST STE 237, LOUISVILLE, KY 40202-2323
Preparer
Albert H Klein Ii
Phone
5025835381
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

Operating and personnel expenses that are not allocated to specific programs.

Financial Statement Notes

Schedule D, Page 3, Part X

The organization has no uncertain tax positions, or interest and penalties, that qaualify for either recognition or disclosure in the financial statements.

Raw XML Appendix384 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/ProgramServiceRevenueGrp/Desc1MEMBER EVENTS
IRS990/ProgramServiceRevenueGrp/Desc2CORPORATE SPONSORSHIPS
IRS990/ProgramServiceRevenueGrp/Desc3MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0275581
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1153800
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt269350
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt362512
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0275581
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1153800
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt269350
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt362512
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.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt028277
IRS990/PYOtherExpensesAmt0300860
IRS990/PYOtherRevenueAmt0101179
IRS990/PYProgramServiceRevenueAmt0412599
IRS990/PYRevenuesLessExpensesAmt079770
IRS990/PYSalariesCompEmpBnftPaidAmt0161425
IRS990/PYTotalExpensesAmt0462285
IRS990/PYTotalRevenueAmt0542055
IRS990/ReconcilationRevenueExpnssAmt0104410
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0319298
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleC/AggregateReportedDuesNtcAmt04465
IRS990ScheduleC/AgreeCarryoverPriorYearInd0false
IRS990ScheduleC/DuesAssessmentsAmt062012
IRS990ScheduleC/NonDeductibleLbbyngPltclCYAmt04465
IRS990ScheduleC/NonDeductibleLbbyngPltclTotAmt04465
IRS990ScheduleC/OnlyInHouseLobbyingInd0false
IRS990ScheduleC/SubstantiallyAllDuesNondedInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt01734
IRS990ScheduleD/EquipmentGrp/DepreciationAmt03221
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt04955
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO FOUNDATION
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS NO UNCERTAIN TAX POSITIONS, OR INTEREST AND PENALTIES, THAT QAUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01734
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OPERATING AND PERSONNEL EXPENSES THAT ARE NOT ALLOCATED TO SPECIFIC PROGRAMS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FINANCIAL STATEMENTS ARE REVIEWED AND APPROVED BY THE BOARD. ONCE THE FINANCIAL STATEMENTS ARE APPROVED, THE 990 IS PREPARED. UPON COMPLETION OF THE 990, IT IS REVIEWED BY THE EXECUTIVE DIRECTOR AND A REPRESENTATIVE OF THE ORGANIZATION'S ACCOUNTING FIRM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH BOARD MEMBER IS REQUIRED TO SIGN AN ANNUAL CONFLICT OF INTEREST STATEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL GOVERNING DOCUMENTS ARE AVAILABLE FOR REVIEW AT THE ORGANIZATION'S OFFICE UPON RECEIVING A WRITTEN REQUEST FOR SAID DOCUMENTS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0KY
IRS990/SubjectToProxyTaxInd0true
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0899277
IRS990/TotalAssetsEOYAmt0995333
IRS990/TotalAssetsGrp/BOYAmt0899277
IRS990/TotalAssetsGrp/EOYAmt0995333
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0551239
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt062910
IRS990/TotalLiabilitiesEOYAmt055609
IRS990/TotalLiabilitiesGrp/BOYAmt062910
IRS990/TotalLiabilitiesGrp/EOYAmt055609
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0836367
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0939724
IRS990/TotalProgramServiceRevenueAmt0561243
IRS990/TotalReportableCompFromOrgAmt076500
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0655649
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0655649
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0899277
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0995333
IRS990/TravelGrp/TotalAmt07760
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0836367
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0939724
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0101 BURCH COURT
IRS990/USAddress/CityNm0FRANKFORT
IRS990/USAddress/StateAbbreviationCd0KY
IRS990/USAddress/ZIPCd040601
IRS990/VotingMembersGoverningBodyCnt013
IRS990/VotingMembersIndependentCnt013
IRS990/WebsiteAddressTxt0WWW.KAEDONLINE.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0HAL B GOODE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT / CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum05022279653
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-10-13
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
ReturnHeader/Filer/USAddress/StateAbbreviationCd0KY
ReturnHeader/Filer/USAddress/ZIPCd040601
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0611222794
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0AMICK & COMPANY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0410 W CHESTNUT ST STE 237
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LOUISVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0KY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0402022323
ReturnHeader/PreparerPersonGrp/PhoneNum05025835381
ReturnHeader/PreparerPersonGrp/PreparationDt02015-10-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ALBERT H KLEIN II
ReturnHeader/ReturnTs02015-11-06T09:45:43-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

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
2014Detailed filing. Detailed filing data is available for this year.$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