Civic Intelligence

Kentucky Center for Economic Policy

EIN 84-4979582 • 501(c)3 • Berea, KY

Profile

To improve the quality of life for all kentuckians through research, education and advocacy on important policy issues facing the commonwealth.

433 Chestnut StreetBerea, KY 40403

kypolicy.org

Siviq Scores

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

Liabilities / Assets

51st percentile

0.07x

Higher debt load relative to assets than 51% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

56th percentile

0.11x

Higher debt load relative to revenue than 56% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Net Margin

79th percentile

28%

Higher net margin than 79% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

75th percentile

$122,161

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 7.6% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Asset Growth

80th percentile

22%

Faster asset growth than 80% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

89th percentile

83%

Faster revenue growth than 89% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Assets

Up

$2,628,488

Up $475,612 (+22%) from 2024

Liabilities

Up

$172,992

Up $18,725 (+12%) from 2024

Net Assets

Up

$2,455,496

Up $456,887 (+23%) from 2024

Revenue

Up

$1,616,973

Up $733,376 (+83%) from 2024

Expenses

Up

$1,160,086

Up $85,767 (+8.0%) from 2024

Net Income

Up

$456,887

Up $647,609 (+340%) from 2024

Trend Graphs

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2021: $2,023,746Liabilities 2021: $154,061Net Assets 2021: $1,869,6852021Assets 2023: $2,339,942Liabilities 2023: $150,611Net Assets 2023: $2,189,3312023Assets 2024: $2,152,876Liabilities 2024: $154,267Net Assets 2024: $1,998,6092024Assets 2025: $2,628,488Liabilities 2025: $172,992Net Assets 2025: $2,455,4962025

Highlighted filing

2025

Assets$2,628,488
Liabilities$172,992
Net Assets$2,455,496

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2021: $2,496,689Expenses 2021: $627,004Net Income 2021: $1,869,6852021Revenue 2023: $1,174,904Expenses 2023: $967,901Net Income 2023: $207,0032023Revenue 2024: $883,597Expenses 2024: $1,074,319Net Income 2024: -$190,7222024Revenue 2025: $1,616,973Expenses 2025: $1,160,086Net Income 2025: $456,8872025

Highlighted filing

2025

Revenue$1,616,973
Expenses$1,160,086
Net Income$456,887

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Dec 11, 2025
Return Version
2024v5.0
Gross Receipts
$1,616,973
Mission and Program Overview

Mission

To improve the quality of life for all kentuckians through research, education and advocacy on important policy issues facing the commonwealth.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,865,290$2,351,218▲ $485,928
Pledges and Grants Receivable$275,761$265,000▼ $10,761
Accounts Receivable-$6,504-
Prepaid Expenses and Deferred Charges$11,825$5,766▼ $6,059
Total Assets$2,152,876$2,628,488▲ $475,612
Liabilities
Accounts Payable and Accrued Expenses$154,267$172,992▲ $18,725
Total Liabilities$154,267$172,992▲ $18,725
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,080,674$1,467,091▲ $386,417
Net Assets Without Donor Restrictions$917,935$988,405▲ $70,470
Total Net Assets Fund Balance$1,998,609$2,455,496▲ $456,887
Total Liabilities and Net Assets / Fund Balance$2,152,876$2,628,488▲ $475,612
Compensation and Service Providers

Employees

NameTitleOtherTotal
Jason BaileyExecutive Di$122,161$122,161

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,590,224
Program Service Revenue
$0
Investment Income
$5,474
Other Revenue
$21,275
All Other Contributions
$1,587,877
Change in Net Assets
$456,887

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,616,973
Total Revenue per Audited Statements
$1,616,973
Total Revenue per Form 990
$1,616,973
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$906,220
Other Expenses$253,866
Total Fundraising Expense$61,589
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$514,065$51,448$28,576$594,089
Other Employee Benefits$102,450$10,253$5,695$118,398
Current Officers, Directors, Trustees, and Key Employees$90,347$9,050$5,036$104,433
Fees for Services Other$26,169$75,363-$101,532
Payroll Taxes$47,246$4,728$2,626$54,600
Pension Plan Contributions$30,026$3,005$1,669$34,700
Conferences and Meetings$28,466$2,979$1,655$33,100
Travel$27,968$2,927$1,626$32,521
Occupancy$20,752$2,172$1,207$24,131
Information Technology$5,386$8,510$6,448$20,344
Advertising$8,316$7,537-$15,853
Other Expenses$1,644$172$96$1,912
All Other Expenses$1,610$168$94$1,872
Total Functional Expenses$909,603$188,894$61,589$1,160,086

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,160,086
Total Expenses per Audited Statements$1,160,086
Total Expenses per Form 990$1,160,086
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
Yes
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
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
Yes
Other officer compensation reviewed
Yes
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 kypolicy executive director works with the mountain association's finance department to provide the preparer with the information for the return and work closely with the preparer to ensure its accuracy and completeness. The executive director reviews the final form before signing it. The board receives and reviews the form 990 before it is submitted to the irs.

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

The kypolicy board has established a conflict of interest policy. A provision of the conflict of interest policy is that each director, officer and member of a committee with governing board delegated powers must annually sign a statement which affirms such person has received a copy of the conflict of interest policy, has read and understands the policy, and has agreed to comply with the policy.

Form 990, Page 6, Part VI, Line 15A

Annually, the kypolicy executive director is evaluated through a process guided by the board executive committee. The executive committee reports its findings to the board in closed session. After considering the committee's report, the board sets the executive director compensation for the following year. The board takes into account its knowledge of compensation of positions in the private and nonprofit sectors with comparable levels of responsibility, qualifications and achievement. The executive director does not participate in or vote on the decision on the executive director's compensation. The board's decision on compensation is recorded in minutes which are presented and approved at the following board meeting. This process last took place in june 2025.

Form 990, Page 6, Part VI, Line 15B

The executive director determines the compensation of other staff, including those who serve as corporate officers, following an annual performance review of each staff member. Along with considerations of equity among staff, the executive director takes into account compensation levels across kypolicy's national network of state-based organizations and collected by that network and his knowledge of compensation of positions in the private and nonprofit sectors with comparable levels of responsibility, qualifications and achievement. Every change in a staff salary is documented in a letter to the staff member.

Form 990, Page 6, Part VI, Line 19

Governance documents are made available upon written request.

Filing and Contact Details

Filer

Filer Name
Kentucky Center for Economic Policy
EIN
84-4979582
Phone
8597564605
Address
433 CHESTNUT STREET, BEREA, KY 40403

Signing Officer

Name
Jason Bailey
Title
Executive Director
Phone
8597564605
Signed
2025-12-11

Organization Details

Principal Officer
Jason Bailey
Formed
2020
Legal Domicile
Ky
Voting Board Members
8
Independent Board Members
7
Employees
0
Volunteers
25

Preparer

Firm
Craft Waninger Noble & Company Pllc
Address
519 HAMPTON WAY SUITE 8, RICHMOND, KY 40475
Preparer
P Jared Noble
Phone
8596234027
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS INCOME 35,959
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE KYPOLICY EXECUTIVE DIRECTOR WORKS WITH THE MOUNTAIN ASSOCIATION'S FINANCE DEPARTMENT TO PROVIDE THE PREPARER WITH THE INFORMATION FOR THE RETURN AND WORK CLOSELY WITH THE PREPARER TO ENSURE ITS ACCURACY AND COMPLETENESS. THE EXECUTIVE DIRECTOR REVIEWS THE FINAL FORM BEFORE SIGNING IT. THE BOARD RECEIVES AND REVIEWS THE FORM 990 BEFORE IT IS SUBMITTED TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE KYPOLICY BOARD HAS ESTABLISHED A CONFLICT OF INTEREST POLICY. A PROVISION OF THE CONFLICT OF INTEREST POLICY IS THAT EACH DIRECTOR, OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS MUST ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, HAS READ AND UNDERSTANDS THE POLICY, AND HAS AGREED TO COMPLY WITH THE POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANNUALLY, THE KYPOLICY EXECUTIVE DIRECTOR IS EVALUATED THROUGH A PROCESS GUIDED BY THE BOARD EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE REPORTS ITS FINDINGS TO THE BOARD IN CLOSED SESSION. AFTER CONSIDERING THE COMMITTEE'S REPORT, THE BOARD SETS THE EXECUTIVE DIRECTOR COMPENSATION FOR THE FOLLOWING YEAR. THE BOARD TAKES INTO ACCOUNT ITS KNOWLEDGE OF COMPENSATION OF POSITIONS IN THE PRIVATE AND NONPROFIT SECTORS WITH COMPARABLE LEVELS OF RESPONSIBILITY, QUALIFICATIONS AND ACHIEVEMENT. THE EXECUTIVE DIRECTOR DOES NOT PARTICIPATE IN OR VOTE ON THE DECISION ON THE EXECUTIVE DIRECTOR'S COMPENSATION. THE BOARD'S DECISION ON COMPENSATION IS RECORDED IN MINUTES WHICH ARE PRESENTED AND APPROVED AT THE FOLLOWING BOARD MEETING. THIS PROCESS LAST TOOK PLACE IN JUNE 2025.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE EXECUTIVE DIRECTOR DETERMINES THE COMPENSATION OF OTHER STAFF, INCLUDING THOSE WHO SERVE AS CORPORATE OFFICERS, FOLLOWING AN ANNUAL PERFORMANCE REVIEW OF EACH STAFF MEMBER. ALONG WITH CONSIDERATIONS OF EQUITY AMONG STAFF, THE EXECUTIVE DIRECTOR TAKES INTO ACCOUNT COMPENSATION LEVELS ACROSS KYPOLICY'S NATIONAL NETWORK OF STATE-BASED ORGANIZATIONS AND COLLECTED BY THAT NETWORK AND HIS KNOWLEDGE OF COMPENSATION OF POSITIONS IN THE PRIVATE AND NONPROFIT SECTORS WITH COMPARABLE LEVELS OF RESPONSIBILITY, QUALIFICATIONS AND ACHIEVEMENT. EVERY CHANGE IN A STAFF SALARY IS DOCUMENTED IN A LETTER TO THE STAFF MEMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNANCE DOCUMENTS ARE MADE AVAILABLE UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
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