Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on the latest valid filing.
EIN 83-2425275 • 501(c)3 • Frankfort, KY
Profile
The organization's mission is to support and accelerate science and technology invention and entrepreneurship across the state of kentucky by providing capital investments to small and medium-sized kentucky based companies while administering the initiatives and programs of the kentucky innovation act, including administering the objectives of the kentucky enterprise fund, the kentucky rural innovation fund, and the kentucky commercialization fund
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on the latest valid filing.
Liabilities / Revenue
61st percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
1st percentile
Higher net margin than 1% of similar nonprofits.
Top Officer Pay
Score unavailable
No filing with officer rows is available for this organization yet.
Asset Growth
9th percentile
Faster asset growth than 9% of similar nonprofits.
Revenue Growth
3rd percentile
Faster revenue growth than 3% of similar nonprofits.
Assets
Down$0
Down $14,770,259 (-100%) from 2019
Liabilities
Flat$0
Flat from 2019
Net Assets
Down$0
Down $14,770,259 (-100%) from 2019
Revenue
Down$43,428
Down $14,726,846 (-100%) from 2019
Expenses
Up$14,813,687
Up $14,813,672 (+98757813%) from 2019
Net Income
Down-$14,770,259
Down $29,540,518 (-200%) from 2019
Most recent year
2020 • Form 990Detailed filing. Detailed filing data is available for this year.
The organization's mission is to support and accelerate science and technology invention and entrepreneurship across the state of kentucky by providing capital investments to small and medium-sized kentucky based companies while administering the initiatives and programs of the kentucky innovation act, including administering the objectives of the kentucky enterprise fund, the kentucky rural innovation fund, and the kentucky commercialization fund
The organization's mission is to serve as a strategic partner with kentucky public universities and colleges in an effort to transition ideas and intellectual property into products and businesses through investment. The organization's roles include a commercialization core team, development of robust legal resources for businesses, an accelerator and federal and state innovation fund assistance. The mission and operations of the organization represent a national-model of statewide collaboration and satisfy the kentucky innovation act statute regulations.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $14,770,259 | $0 | ▼ $14,770,259 |
| Rtn Earn Endowment Incm Other Fnds | $14,770,259 | $0 | ▼ $14,770,259 |
| Savings and Temporary Cash Investments | - | $0 | - |
| Accounts Receivable | - | $0 | - |
| Other Notes and Loans Receivable, Net | - | $0 | - |
| Pledges and Grants Receivable | - | $0 | - |
| Receivable From Disqualified Prsn | - | $0 | - |
| Receivables From Officers Etc | - | $0 | - |
| Investments Other Securities | - | $0 | - |
| Investments Program Related | - | $0 | - |
| Investments in Publicly Traded Securities | - | $0 | - |
| Land, Buildings, and Equipment, Net | - | $0 | - |
| Pd in Cap Srpls Land Bldg Eqp Fund | $0 | $0 | → $0 |
| Cap Stk Tr Prin Current Funds | $0 | $0 | → $0 |
| Intangible Assets | - | $0 | - |
| Inventories for Sale or Use | - | $0 | - |
| Prepaid Expenses and Deferred Charges | - | $0 | - |
| Total Assets | $14,770,259 | $0 | ▼ $14,770,259 |
| Other Assets Total | - | $0 | - |
| Liabilities | |||
| Total Liabilities | $0 | $0 | → $0 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $14,770,259 | $0 | ▼ $14,770,259 |
| Total Liabilities and Net Assets / Fund Balance | $14,770,259 | $0 | ▼ $14,770,259 |
| Name | Title |
|---|---|
| Brian Mefford | Director & President |
| Aaron Thompson | Director |
| Ian Mcclure | Director |
| Terry Gill | Director |
| Vivek Sarin | Director |
| Wendy Lea | Director |
| Jackson Andrews | Director & Treasurer |
| Line Item | Amount |
|---|---|
| Other Expenses | $14,482,819 |
| Grants and Similar Amounts Paid | $300,000 |
| Salaries, Compensation, and Employee Benefits | $30,868 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Grants to Domestic Orgs | $300,000 | - | - | $300,000 |
| Fees for Services Other | $276,954 | - | - | $276,954 |
| Advertising | $37,786 | - | - | $37,786 |
| Other Salaries and Wages | $30,868 | - | - | $30,868 |
| Fees for Services Accounting | $29,569 | - | - | $29,569 |
| Occupancy | - | $18,930 | - | $18,930 |
| Travel | $17,829 | - | - | $17,829 |
| Fees for Services Legal | $9,518 | - | - | $9,518 |
| Information Technology | - | $1,672 | - | $1,672 |
| All Other Expenses | $839 | $811 | - | $1,650 |
| Office Expenses | - | $1,390 | - | $1,390 |
| Other Expenses | $1,185 | - | - | $1,185 |
| Total Functional Expenses | $14,790,884 | $22,803 | $0 | $14,813,687 |
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| Cuddle Clones Holdings LLC | Louisville, KY | - | Start-up Expenses | $150,000 |
| Smart Farm Systems Inc | Nicholasville, KY | - | Start-up Expenses | $150,000 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Line Item | Beginning | End | Change |
|---|---|---|---|
| Receivables from Disqualified Persons | - | $0 | - |
| Receivables from Officers, Directors, Trustees, and Key Employees | - | $0 | - |
“A copy of the form 990 will be sent to the organization's governing board for review prior to filing.”
“The organization requires board members to sign written conflict of interest policies on an annual basis.”
“The organization utilizes on-track management group, llc to provide comparable and competitive salary information for all officers, key employees, and the ceo.”
“The organization makes the form 990 available for public inspection through guidestar and available upon request. The financial statements and conflict of interest policy are available upon request. The by-laws are available on the kentucky secretary of state's website.”
“In december 2019 the kentucky cabinet for economic development elected to terminate the memorandum of agreement between the cabinet and the commonwealth center for commercialization, inc. In accordance with the terms of the agreement all unspent and uninvested funds were returned to the cabinet and all operations ceased.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | 0 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 0 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | THE ORGANIZATION'S MISSION IS TO SERVE AS A STRATEGIC PARTNER WITH KENTUCKY PUBLIC UNIVERSITIES AND COLLEGES IN AN EFFORT TO TRANSITION IDEAS AND INTELLECTUAL PROPERTY INTO PRODUCTS AND BUSINESSES THROUGH INVESTMENT. THE ORGANIZATION'S ROLES INCLUDE A COMMERCIALIZATION CORE TEAM, DEVELOPMENT OF ROBUST LEGAL RESOURCES FOR BUSINESSES, AN ACCELERATOR AND FEDERAL AND STATE INNOVATION FUND ASSISTANCE. THE MISSION AND OPERATIONS OF THE ORGANIZATION REPRESENT A NATIONAL-MODEL OF STATEWIDE COLLABORATION AND SATISFY THE KENTUCKY INNOVATION ACT STATUTE REGULATIONS. |
| IRS990/AdvertisingGrp/ProgramServicesAmt | 0 | 37786 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 37786 |
| IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt | 0 | 811 |
| IRS990/AllOtherExpensesGrp/ProgramServicesAmt | 0 | 839 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 1650 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/BackupWthldComplianceInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | THE ORGANIZATION |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 5025647670 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 300 WEST BROADWAY ST |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | FRANKFORT |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | KY |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 40601 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | 0 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt | 0 | 0 |
| IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt | 0 | 0 |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 14770259 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 0 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 1 |
| IRS990/CompensationProcessOtherInd | 0 | 1 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 0 |
| IRS990/ContractTerminationInd | 0 | X |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 0 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 300000 |
| IRS990/CYInvestmentIncomeAmt | 0 | 43428 |
| IRS990/CYOtherExpensesAmt | 0 | 14482819 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | -14770259 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 30868 |
| IRS990/CYTotalExpensesAmt | 0 | 14813687 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 43428 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/Desc | 0 | THE ORGANIZATION WILL REVIEW APPLICATIONS, QUALIFY COMPANIES, AND CERTIFY QUALIFIED COMPANIES WHO WISH TO BENEFIT FROM THE KENTUCKY ENTERPRISE FUND, THE KENTUCKY RURAL INNOVATION FUND, OR THE KENTUCKY COMMERCIALIZATION FUND. THE ORGANIZATION HAS AN APPLICATION PROCESS TO DETERMINE WHICH COMPANIES ARE UNDERGOING PROJECTS THAT ARE LIKELY TO PRODUCE MEASUREABLE RESULTS AND BE TECHNICALLY SOUND, LEAD TO INNOVATIVE TECHNOLOGY OR NEW KNOWLEDGE, LEAD TO COMMERCIALLY SUCCESSFUL PRODUCTS, PROCESSES, OR SERVICES WITHIN A REASONABLE PERIOD OF TIME, OR SHOW SIGNIFICANT POTENTIAL FOR STIMULATING ECONOMIC GROWTH AND A REASONABLE PROBABILITY TO ENCHANCE EMPLOYMENT OPPORTUNITIES WITHIN THE COMMONWEALTH OF KENTUCKY. |
| IRS990/DescribedInSection501c3Ind | 0 | 1 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 0 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 0 |
| IRS990/EmployeeCnt | 0 | 3 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | 1 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 14790884 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt | 0 | 29569 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 29569 |
| IRS990/FeesForServicesLegalGrp/ProgramServicesAmt | 0 | 9518 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 9518 |
| IRS990/FeesForServicesOtherGrp/ProgramServicesAmt | 0 | 276954 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 276954 |
| IRS990/FinalReturnInd | 0 | X |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 5.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 5.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 5.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 5.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 5.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 5.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 5.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | JACKSON ANDREWS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | AARON THOMPSON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | WENDY LEA |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | IAN MCCLURE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | TERRY GILL |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | BRIAN MEFFORD |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | VIVEK SARIN |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | DIRECTOR & TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | DIRECTOR & PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | DIRECTOR |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 2018 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedInd | 0 | 0 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 7 |
| IRS990/GrantAmt | 0 | 300000 |
| IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt | 0 | 300000 |
| IRS990/GrantsToDomesticOrgsGrp/TotalAmt | 0 | 300000 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 1 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 43428 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 0 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 0 |
| IRS990/IndependentVotingMemberCnt | 0 | 7 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt | 0 | 1672 |
| IRS990/InformationTechnologyGrp/TotalAmt | 0 | 1672 |
| IRS990/IntangibleAssetsGrp/EOYAmt | 0 | 0 |
| IRS990/InventoriesForSaleOrUseGrp/EOYAmt | 0 | 0 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 43428 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 43428 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt | 0 | 0 |
| IRS990/InvestmentsProgramRelatedGrp/EOYAmt | 0 | 0 |
| IRS990/InvestmentsPubTradedSecGrp/EOYAmt | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 5 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 0 |
| IRS990/LegalDomicileStateCd | 0 | KY |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | THE ORGANIZATION'S MISSION IS TO SUPPORT AND ACCELERATE SCIENCE AND TECHNOLOGY INVENTION AND ENTREPRENEURSHIP ACROSS THE STATE OF KENTUCKY BY PROVIDING CAPITAL INVESTMENTS TO SMALL AND MEDIUM-SIZED KENTUCKY BASED COMPANIES WHILE ADMINISTERING THE INITIATIVES AND PROGRAMS OF THE KENTUCKY INNOVATION ACT, INCLUDING ADMINISTERING THE OBJECTIVES OF THE KENTUCKY ENTERPRISE FUND, THE KENTUCKY RURAL INNOVATION FUND, AND THE KENTUCKY COMMERCIALIZATION FUND |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 14770259 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 0 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NoListedPersonsCompensatedInd | 0 | X |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OccupancyGrp/ManagementAndGeneralAmt | 0 | 18930 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 18930 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 1390 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 1390 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrgDoesNotFollowFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 0 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/Desc | 0 | GRAND FUNDS RETURNED TO |
| IRS990/OtherExpensesGrp/Desc | 1 | UK RESEARCH FOUNDATION |
| IRS990/OtherExpensesGrp/Desc | 2 | CONTRACTORS & CONSULTAN |
| IRS990/OtherExpensesGrp/Desc | 3 | SOFTWARE |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 13424080 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 563018 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 99238 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 1185 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 13424080 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 563018 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 99238 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 1185 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 30868 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 30868 |
| IRS990/OtherWebsiteInd | 0 | X |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 0 |
| IRS990/OwnWebsiteInd | 0 | X |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt | 0 | 0 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt | 0 | 0 |
| IRS990/PledgesAndGrantsReceivableGrp/EOYAmt | 0 | 0 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 0 |
| IRS990/PrincipalOfficerNm | 0 | BRIAN MEFFORD |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 14766471 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 3803 |
| IRS990/PYOtherExpensesAmt | 0 | 15 |
| IRS990/PYOtherRevenueAmt | 0 | 0 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 14770259 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/PYTotalExpensesAmt | 0 | 15 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 14770274 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt | 0 | 0 |
| IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -14770259 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 0 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 0 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 0 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt | 0 | 14770259 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt | 0 | 0 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 0 |
| IRS990ScheduleA/First5Years170Ind | 0 | X |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 14766471 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 14766471 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt | 0 | 43428 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 3803 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 47231 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 14766471 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 14766471 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 14766471 |
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| IRS990ScheduleI/RecipientTable/CashGrantAmt | 1 | 150000 |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 0 | START-UP EXPENSES |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 1 | START-UP EXPENSES |
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| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 1 | SMART FARM SYSTEMS INC |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 0 | 445 BAXTER AVE SUITE 150 |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 1 | 113 MCARTHUR COURT SUITE A |
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| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 1 | NICHOLASVILLE |
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| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 1 | KY |
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| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 1 | 40356 |
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| IRS990ScheduleN/AssetsDistributedInd | 0 | 1 |
| IRS990ScheduleN/AttorneyGeneralNotifiedInd | 0 | 1 |
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| IRS990ScheduleN/DirectorOfSuccessorInd | 0 | 0 |
| IRS990ScheduleN/EmployeeOfSuccessorInd | 0 | 0 |
| IRS990ScheduleN/LiabilitiesPaidInd | 0 | 1 |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc | 0 | REMAINING GRANT FUNDS RETURNED TO THE STATE |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt | 0 | KENTUCKY CABINET FOR ECONOMIC DEVELOPMENT |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt | 0 | 2020-06-30 |
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| IRS990ScheduleN/RequiredToNotifyAGInd | 0 | 1 |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | IN DECEMBER 2019 THE KENTUCKY CABINET FOR ECONOMIC DEVELOPMENT ELECTED TO TERMINATE THE MEMORANDUM OF AGREEMENT BETWEEN THE CABINET AND THE COMMONWEALTH CENTER FOR COMMERCIALIZATION, INC. IN ACCORDANCE WITH THE TERMS OF THE AGREEMENT ALL UNSPENT AND UNINVESTED FUNDS WERE RETURNED TO THE CABINET AND ALL OPERATIONS CEASED. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | A COPY OF THE FORM 990 WILL BE SENT TO THE ORGANIZATION'S GOVERNING BOARD FOR REVIEW PRIOR TO FILING. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE ORGANIZATION REQUIRES BOARD MEMBERS TO SIGN WRITTEN CONFLICT OF INTEREST POLICIES ON AN ANNUAL BASIS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE ORGANIZATION UTILIZES ON-TRACK MANAGEMENT GROUP, LLC TO PROVIDE COMPARABLE AND COMPETITIVE SALARY INFORMATION FOR ALL OFFICERS, KEY EMPLOYEES, AND THE CEO. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE ORGANIZATION MAKES THE FORM 990 AVAILABLE FOR PUBLIC INSPECTION THROUGH GUIDESTAR AND AVAILABLE UPON REQUEST. THE FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. THE BY-LAWS ARE AVAILABLE ON THE KENTUCKY SECRETARY OF STATE'S WEBSITE. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART IV, LINE 31: |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION B, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION B, LINE 15 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART VI, SECTION C, LINE 19 |
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| IRS990/TotalCompGreaterThan150KInd | 0 | 0 |
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| IRS990/TotalLiabilitiesEOYAmt | 0 | 0 |
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| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 0 |
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| IRS990/TravelGrp/TotalAmt | 0 | 17829 |
| IRS990/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | 0 |
| IRS990/USAddress/AddressLine1Txt | 0 | 300 WEST BROADWAY ST |
| IRS990/USAddress/CityNm | 0 | FRANKFORT |
| IRS990/USAddress/StateAbbreviationCd | 0 | KY |
| IRS990/USAddress/ZIPCd | 0 | 40601 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 7 |
| IRS990/VotingMembersIndependentCnt | 0 | 7 |
| IRS990/WebsiteAddressTxt | 0 | C3.KYINNOVATION.COM |
| IRS990/WhistleblowerPolicyInd | 0 | 0 |
| ReturnHeader/BuildTS | 0 | 2021-01-29 14:40:06Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | BRIAN MEFFORD |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | DIRECTOR |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 5025647670 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2020-11-13 |
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| ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt | 0 | COMMERCIALIZATION INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | COMM |
| ReturnHeader/Filer/EIN | 0 | 832425275 |
| ReturnHeader/Filer/PhoneNum | 0 | 5025647670 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 300 WEST BROADWAY ST |
| ReturnHeader/Filer/USAddress/CityNm | 0 | FRANKFORT |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | KY |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 40601 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId | 0 | DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId | 0 | DFA8749A5561355957E09ACFDA723993B0E9D26D |
| ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd | 0 | P |
| ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt | 0 | 74.136.38.210 |
| ReturnHeader/FilingSecurityInformation/IPDt | 0 | 2020-11-13 |
| ReturnHeader/FilingSecurityInformation/IPTimezoneCd | 0 | ES |
| ReturnHeader/FilingSecurityInformation/IPTm | 0 | 18:46:45 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 351178661 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | BLUE & CO LLC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 250 WEST MAIN STREET SUITE 2900 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | LEXINGTON |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | KY |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 40507 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 8592531100 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2020-11-13 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | R ALLEN NORVELL |
| ReturnHeader/ReturnTs | 0 | 2020-11-16T07:57:08-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2019-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2020-06-30 |
| ReturnHeader/TaxYr | 0 | 2019 |
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