Civic Intelligence

Bluegrass Community & Technical College Foundation Inc.

990 • Fiscal year 2019 • EIN 76-0826082

Jul 01, 2018 to Jun 30, 2019 • Filed on Nov 13, 2019

500 Newtown PikeLexington, KY 40508

(859) 246-6584

Siviq Scores

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

Liabilities / Assets

65th percentile

0.20x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

81st percentile

0.59x

Higher debt load relative to revenue than 81% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

79th percentile

22%

Higher net margin than 79% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2019

Asset Growth

76th percentile

16%

Faster asset growth than 76% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

90th percentile

65%

Faster revenue growth than 90% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$1,323,160

Up $180,901 (+16%) from 2018

Net Assets

Up

$1,062,258

Up $108,939 (+11%) from 2018

Liabilities

Up

$260,902

Up $71,962 (+38%) from 2018

Revenue

Up

$444,166

Up $174,977 (+65%) from 2018

Expenses

Up

$346,245

Up $44,466 (+15%) from 2018

Net Income

Up

$97,921

Up $130,511 (+400%) from 2018

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 2011: $530,747Liabilities 2011: $3,451Net Assets 2011: $527,2962011Assets 2012: $575,696Liabilities 2012: $10,104Net Assets 2012: $565,5922012Assets 2013: $666,566Liabilities 2013: $77,487Net Assets 2013: $589,0792013Assets 2014: $791,880Liabilities 2014: $21,945Net Assets 2014: $769,9352014Assets 2015: $878,975Liabilities 2015: $36,579Net Assets 2015: $842,3962015Assets 2016: $914,716Liabilities 2016: $37,855Net Assets 2016: $876,8612016Assets 2017: $1,241,486Liabilities 2017: $268,326Net Assets 2017: $973,1602017Assets 2018: $1,142,259Liabilities 2018: $188,940Net Assets 2018: $953,3192018Assets 2019: $1,323,160Liabilities 2019: $260,902Net Assets 2019: $1,062,2582019Assets 2020: $1,045,642Liabilities 2020: $77,957Net Assets 2020: $967,6852020Assets 2021: $1,290,940Liabilities 2021: $71,989Net Assets 2021: $1,218,9512021Assets 2022: $1,776,061Liabilities 2022: $64,515Net Assets 2022: $1,711,5462022Assets 2023: $2,320,209Liabilities 2023: $60,331Net Assets 2023: $2,259,8782023Assets 2024: $3,145,610Liabilities 2024: $60,331Net Assets 2024: $3,085,2792024

Highlighted filing

2019

Assets$1,323,160
Liabilities$260,902
Net Assets$1,062,258

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2011: $92,098Expenses 2011: $97,280Net Income 2011: -$5,1822011Expenses 2012: $173,7412012Revenue 2013: $288,628Expenses 2013: $260,696Net Income 2013: $27,9322013Revenue 2014: $397,486Expenses 2014: $218,330Net Income 2014: $179,1562014Revenue 2015: $340,105Expenses 2015: $245,411Net Income 2015: $94,6942015Revenue 2016: $492,254Expenses 2016: $457,729Net Income 2016: $34,5252016Revenue 2017: $505,645Expenses 2017: $438,316Net Income 2017: $67,3292017Revenue 2018: $269,189Expenses 2018: $301,779Net Income 2018: -$32,5902018Revenue 2019: $444,166Expenses 2019: $346,245Net Income 2019: $97,9212019Revenue 2020: $271,586Expenses 2020: $374,161Net Income 2020: -$102,5752020Revenue 2021: $340,403Expenses 2021: $198,661Net Income 2021: $141,7422021Revenue 2022: $865,234Expenses 2022: $222,854Net Income 2022: $642,3802022Revenue 2023: $828,537Expenses 2023: $406,371Net Income 2023: $422,1662023Revenue 2024: $834,345Expenses 2024: $384,339Net Income 2024: $450,0062024

Highlighted filing

2019

Revenue$444,166
Expenses$346,245
Net Income$97,921
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Nov 13, 2019
Return Version
2018v3.1
Gross Receipts
$488,892
Mission and Program Overview

Mission

To support the mission of the bluegrass community and technical college by stimulating voluntary financial support.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$676,504$860,410▲ $183,906
Investments in Publicly Traded Securities$436,765$424,855▼ $11,910
Pledges and Grants Receivable$14,620$18,035▲ $3,415
Accounts Receivable$10,068$11,803▲ $1,735
Prepaid Expenses and Deferred Charges$4,302$8,057▲ $3,755
Total Assets$1,142,259$1,323,160▲ $180,901
Liabilities
Accounts Payable and Accrued Expenses$171,455$244,512▲ $73,057
Deferred Revenue$17,485$16,390▼ $1,095
Total Liabilities$188,940$260,902▲ $71,962
Net Assets / Fund Balance
Temporarily Rstr Net Assets$802,591$896,290▲ $93,699
Permanently Rstr Net Assets$108,921$119,921▲ $11,000
Unrestricted Net Assets$41,807$46,047▲ $4,240
Total Net Assets Fund Balance$953,319$1,062,258▲ $108,939
Total Liabilities and Net Assets / Fund Balance$1,142,259$1,323,160▲ $180,901

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$138,014$24,964▲ $9,018$1,358$166,388
2017$120,602$16,174▲ $5,987$2,299$138,014
2016$114,449$1,594▲ $10,582$2,723$120,602
2015$110,316$2,435▲ $5,940$1,042$114,449
2014$91,141$24,669▲ $2,776$1,020$110,316
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$428,647
Program Service Revenue
$0
Investment Income
$15,519
Other Revenue
$0
All Other Contributions
$372,566
Change in Net Assets
$97,921

Audited Revenue Reconciliation

Revenue per Audited Statements
$444,166
Revenue Not Reported on Form 990
$146,430
Total Revenue per Audited Statements
$590,596
Total Revenue per Form 990
$444,166
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$179,761
Other Expenses$166,484
Total Fundraising Expense$3,903
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$143,561--$143,561
Fees for Services Other$36,450$1,222-$37,672
Grants to Domestic Individuals$36,200--$36,200
Conferences and Meetings$18,713$9,710$167$28,590
Travel$10,352$191-$10,543
Fees for Services Accounting-$9,378-$9,378
Fees for Service Investment Mgmnt Fees$4,599--$4,599
Advertising$1,199-$1,494$2,693
Insurance-$2,367-$2,367
Occupancy$1,870$74-$1,944
Office Expenses$122$210-$332
Other Expenses$205$30$2,242$30
Total Functional Expenses$316,173$26,169$3,903$346,245

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$481,657
Expenses per Audited Statements$346,245
Total Expenses per Form 990$346,245
Expenses Not Reported on Form 990$135,412
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Bluegrass Community and Technical CLexington, KY501c3To Provide Cont Supp$143,561
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
Yes
Audit committee
Yes
Backup withholding compliance
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 governing body was provided a draft of the form 990 for review before filing.

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

Each director, principal officer and member of a committee with board delegated powers shall annually sign a statement which affirms that such person; 1) has received a copy of the conflicts of interest policy, 2) has read and understands the policy, 3) has agreed to comply with the policy and 4) understands that the foundation is a charitable organization and that in order to maintain its federal tax exemption it must engage primarily in activities which accompolish one or more of its tax-exempt purposes.

Form 990, Page 6, Part VI, Line 19

The organization makes it governing documents, conflict of interest policy and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Bluegrass Community & Technical
EIN
76-0826082
Phone
8592466584
Address
500 NEWTOWN PIKE, LEXINGTON, KY 40508

Signing Officer

Name
James L Jacobus
Title
Vice Chair
Phone
8592466584
Signed
2019-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James L Jacobus
Formed
2005
Legal Domicile
Ky
Voting Board Members
18
Independent Board Members
18
Employees
0

Preparer

Firm
Breeding Henderson & Hord Pllc
Address
1050 MONARCH ST STE 300, LEXINGTON, KY 40513-1877
Preparer
Charles W Hord Ii
Phone
8592780112
Supplemental Narrative

Additional Explanations

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

Various programs operated to support the exempt mission of bluegrass community and technical college.

Form 990, Part IX, Line 11G

Other fees 36,450 1,222 0

Form 990, Part XI, Line 9

Provision for doubtful receivables -6,000

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

The organization intends to use the endowment funds to further the exempt purpose of the organization.

Schedule D, Page 3, Part X

The fasb asc prescribes a recognition threshold and measurement attribute for how an entity should recognize, measure, present, and disclose in its financial statements uncertain tax positions that the entity has taken or expects to take on a tax return. The fasb asc requires that the financial statements reflect expected future tax consequences of such positions presuming the taxing authorities' full knowledge of the positions and all relevant facts, but without considering time values. The foundation evaluates uncertain tax positions in accordance with existing generally accepted accounting principles in the united states of america and makes such accruals and disclosures as might be required there under. As of and for the fiscal years ended june 30, 2019 and 2018, there were no uncertain tax positions taken by the foundation. The federal income tax returns of the foundation for the fiscal years ended june 30, 2016, 2017, 2018, and 2019 are subject to examination by the internal revenue service, generally for three years after they are filed. However, the foundation is not currently under audit nor has the foundation been contacted by any tax jurisdictions.

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

Provision for doubtful receivables 6,000

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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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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.15$0.06$3.09$0.83$0.38$0.45
2023Summary only. Only limited summary data is available for this year.$2.32$0.06$2.26$0.83$0.41$0.42
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.78$0.06$1.71$0.87$0.22$0.64
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.29$0.07$1.22$0.34$0.20$0.14
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.05$0.08$0.97$0.27$0.37$0.10
2019Detailed filing. Detailed filing data is available for this year.$1.32$0.26$1.06$0.44$0.35$0.10
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.14$0.19$0.95$0.27$0.30$0.03
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.24$0.27$0.97$0.51$0.44$0.07
2016Detailed filing. Detailed filing data is available for this year.$0.91$0.04$0.88$0.49$0.46$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.88$0.04$0.84$0.34$0.25$0.09
2014Summary only. Only limited summary data is available for this year.$0.79$0.02$0.77$0.40$0.22$0.18
2013Summary only. Only limited summary data is available for this year.$0.67$0.08$0.59$0.29$0.26$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.58$0.01$0.57$0.17
2011Summary only. Only limited summary data is available for this year.$0.53$0.00$0.53$0.09$0.10$0.01