Civic Intelligence

Partners for Rural Impact Inc

EIN 87-2937264 • 501(c)3 • Berea, KY

Profile

The mission of partners for rural impact, inc., is to improve educational outcomes for rural students, especially communities of persistent poverty, by providing direct services to schools, students, and communities. (continued on schedule o.) pri achieves its mission by developing programs for k-12 rural schools and providing coaching, mentoring, and technical assistance to families, residents, teachers and community leaders. This work helps to build the necessary support that rural students need to ensure their educational success and increase their economic mobility. Pri uses a place-based approach to accelerate educational outcomes whereby local and proximate leaders collaborate to draw on the knowledge and experiences of the community as a whole.

439 Walnut Meadow RdBerea, KY 40403

www.partnersrural.org

Siviq Scores

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

Liabilities / Assets

65th percentile

0.39x

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

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

32nd percentile

0.14x

Higher debt load relative to revenue than 32% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

30th percentile

-1.4%

Higher net margin than 30% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

64th percentile

$328,449

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 0.7% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

4th percentile

-21%

Faster asset growth than 4% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

75th percentile

25%

Faster revenue growth than 75% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Down

$16,375,730

Down $4,475,508 (-21%) from 2023

Liabilities

Down

$6,328,868

Down $3,957,454 (-38%) from 2023

Net Assets

Down

$10,046,862

Down $518,054 (-4.9%) from 2023

Revenue

Up

$46,126,803

Up $9,085,795 (+25%) from 2023

Expenses

Up

$46,791,624

Up $19,498,921 (+71%) from 2023

Net Income

Down

-$664,821

Down $10,413,126 (-107%) from 2023

Trend Graphs

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2022: $665,523Liabilities 2022: $76,948Net Assets 2022: $588,5752022Assets 2023: $20,851,238Liabilities 2023: $10,286,322Net Assets 2023: $10,564,9162023Assets 2024: $16,375,730Liabilities 2024: $6,328,868Net Assets 2024: $10,046,8622024

Highlighted filing

2024

Assets$16,375,730
Liabilities$6,328,868
Net Assets$10,046,862

Operations Trend

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

$60M$40M$20M$0-$20MRevenue 2022: $760,000Expenses 2022: $171,425Net Income 2022: $588,5752022Revenue 2023: $37,041,008Expenses 2023: $27,292,703Net Income 2023: $9,748,3052023Revenue 2024: $46,126,803Expenses 2024: $46,791,624Net Income 2024: -$664,8212024

Highlighted filing

2024

Revenue$46,126,803
Expenses$46,791,624
Net Income-$664,821

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 14, 2025
Return Version
2023v6.0
Gross Receipts
$46,126,803
Mission and Program Overview

Mission

The mission of partners for rural impact, inc., is to improve educational outcomes for rural students, especially communities of persistent poverty, by providing direct services to schools, students, and communities. (continued on schedule o.) pri achieves its mission by developing programs for k-12 rural schools and providing coaching, mentoring, and technical assistance to families, residents, teachers and community leaders. This work helps to build the necessary support that rural students need to ensure their educational success and increase their economic mobility. Pri uses a place-based approach to accelerate educational outcomes whereby local and proximate leaders collaborate to draw on the knowledge and experiences of the community as a whole.

The mission of partners for rural impact, inc (pri) is to increase educational opportunity, prosperity and well-being in rural communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$6,639,463$9,158,046▲ $2,518,583
Accounts Receivable$13,547,204$5,702,784▼ $7,844,420
Prepaid Expenses and Deferred Charges$364,977$920,843▲ $555,866
Land, Buildings, and Equipment, Net$76,588$289,703▲ $213,115
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Other Notes and Loans Receivable, Net$0--
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Investments in Publicly Traded Securities$0--
Intangible Assets$0--
Inventories for Sale or Use$0--
Loans From Officers Directors$0$0→ $0
Total Assets$20,851,238$16,375,730▼ $4,475,508
Other Assets Total$223,006$304,354▲ $81,348
Liabilities
Accounts Payable and Accrued Expenses$10,064,816$5,870,800▼ $4,194,016
Other Liabilities$221,506$302,201▲ $80,695
Deferred Revenue$0$155,867▲ $155,867
Grants Payable$0--
Mortgage Notes Payable Secured by Investment Property$0--
Unsecured Notes Loans Payable$0--
Escrow Account Liability$0--
Tax Exempt Bond Liabilities$0--
Total Liabilities$10,286,322$6,328,868▼ $3,957,454
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,541,042$5,467,186▲ $926,144
Net Assets With Donor Restrictions$6,023,874$4,579,676▼ $1,444,198
Total Net Assets Fund Balance$10,564,916$10,046,862▼ $518,054
Total Liabilities and Net Assets / Fund Balance$20,851,238$16,375,730▼ $4,475,508

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$275,384$0$275,384
Equipment$14,319$1,023$15,342
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dreama GentryCEO & PresidentFT$252,688$75,761$328,449
Michael HoggVP of Place-based PartnershipsFT$163,908$49,129$213,037
Shanda CrowderVP of Rural Capacity and InfrastructureFT$150,149$57,263$207,412
Penelope JordanVP of Finance and Strategies/Executive Vice President (from 03/24)FT$165,972$39,466$205,438
Renee HargroveVP OF H.R., OPERATIONS AND LEGAL / VP of Admin. and Finance (from 03/24)FT$155,520$46,444$201,964
Robert MooreDirector of Information SystemsFT$116,592$16,747$133,339
Amanda CollinsDirector of Human ResourcesFT$104,685$28,552$133,237
Channell BarbourChief of StaffFT$103,113$15,186$118,299
Amon CouchExecutive DirectorFT$108,766$8,616$117,382
Laura GarrettAssociate VP - Family PartnershipFT$103,763$8,501$112,264
Shane GarverVP of Strategic Impact (from 07/23)FT$62,310$17,193$79,503

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Save the Children Federation IncProgram Services501 Kings Highway East Suite 400, Fairfield, CT 06825$2,360,027
Elizabeth City State University FoundationManagement Services1704 Weeksville Road, Elizabeth City, NC 27909$450,000
Bellwether Education Partners IncConsulting services68 Harrison Avenue Suite 605 PMB 7, Boston, MA 02111$414,324
Clear Creek CreativeManagement ServicesPO Box 195, Bighill, KY 40405$372,391
Evaluation Consulting GroupData & Process Consulting4231 Chaparral Dr, Naperville, IL 60564$309,600
Revenue and Support

Revenue Composition

Contributions and Grants
$42,182,664
Program Service Revenue
$3,834,587
Investment Income
$109,552
Other Revenue
$0
All Other Contributions
$8,186,808
Change in Net Assets
$-664,821

Audited Revenue Reconciliation

Revenue per Audited Statements
$46,126,803
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$146,767
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$46,273,570
Total Revenue per Form 990
$46,126,803
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$25,571,294
Other Expenses$21,220,330
Total Fundraising Expense$777,176
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$15,845,107$2,776,538$143,547$18,765,192
Other Expenses$15,538,781$79,733$5,938$15,624,452
Other Employee Benefits$2,089,084$344,334$27,744$2,461,162
Travel$1,556,553$418,626$27,356$2,002,535
Current Officers, Directors, Trustees, and Key Employees$733,449$372,367$514,562$1,620,378
Payroll Taxes$1,330,051$202,528$39,889$1,572,468
Fees for Services Other$1,394,537$139,492$1,268$1,535,297
Pension Plan Contributions$977,187$163,965$10,942$1,152,094
Information Technology$33,363$667,658-$701,021
Office Expenses$319,405$70,027$4,491$393,923
Occupancy$211,630$173,634-$385,264
Conferences and Meetings$254,576$49,728$1,427$305,731
All Other Expenses$97,208$22,139$12$119,359
Fees for Services Accounting-$91,350-$91,350
Insurance-$39,844-$39,844
Fees for Services Legal-$14,575-$14,575
Advertising$2,043$2,500-$4,543
Depreciation Depletion-$2,120-$2,120
Interest-$316-$316
Total Functional Expenses$40,382,974$5,631,474$777,176$46,791,624

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$46,791,624
Total Expenses per Audited Statements$46,791,624
Total Expenses per Form 990$46,791,624
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$0
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$302,201
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 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, Part VI, Line 11B Review of form 990 by governing body

The filing organization worked with an accounting firm to prepare the form 990. The form 990 is provided to the board for review prior to filing.

Form 990, Part VI, Line 12C Conflict of interest policy

Partners for rural impact's conflict of interest policy covers all responsible persons defined in the policy as any person serving as an officer, employee, or member of the board of directors. All responsible persons shall be required to review a copy of the policy. Each year responsible persons complete a disclosure form identifying any relationships, positions, or circumstances in which the responsible person is involved that he or she believes could contribute to a conflict of interest arising. The policy is reviewed annually by each member of the board of directors and any changes will be communicated to all responsible persons. Monitoring of the policy occurs as contracts are written and as part of the hiring process. Upon notice that a conflict exists, a conflict of interest management plan is developed by the vice president of human resources, operations and legal, and reviewed and signed by the responsible person. A conflict that arises for the highest executive officer will be approved by the board of director's chair. A conflict with the board chair will be approved by pri's legal counsel.

Form 990, Part VI, Line 15A Process to establish compensation of top management official

Partners for Rural Impact's (PRI) compensation amounts for senior leadership positions for FY'24 were determined using comparability data gathered and recommended by an independent external firm specializing in nonprofit compensation. The data was reviewed, and the compensation pay grade and scale were approved by a committee that included PRI's board chair. Documentation of the research, pay grades and scales for all positions and compensation decisions for FY'24 are maintained in PRI's Human Resources office.

Form 990, Part VI, Line 15B Process to establish compensation of other employees

Compensation for Partners for Rural Impact's (PRI) staff for FY'24 was determined using a combination of comparability data gathered by PRI's independent external compensation firm and compensation data provided by the organization from which many PRI staff were transferred. The pay grades and scales were reviewed by a committee that included PRI's board chair. Partners for Rural Impact has an open contract with our external compensation study firm and requests periodic comparability studies for new or changing positions, where appropriate. All compensation changes are reviewed and approved by independent committee. Documentation of the research, pay grades and scales for all positions and compensation decisions for FY'24 are maintained in PRI's Human Resources office.

Form 990, Part VI, Line 19 Required documents available to the public

The filing organizations governing documents are available to the public upon request. The conflict of interest policy and financial statements are not required to be made available to the public.

Form 990, Part VIII, Line 2F Other Program Service Revenue

Miscellaneous Income - Total Revenue: 149362, Related or Exempt Function Revenue: 149362, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ;

Filing and Contact Details

Filer

Filer Name
Partners for Rural Impact Inc
EIN
87-2937264
Phone
8599852602
Address
439 Walnut Meadow Rd, Berea, KY 40403

Signing Officer

Name
Penny Jordan
Title
Executive Vice President
Phone
8599852602
Signed
2025-05-14
Discuss with paid preparer
Yes

Organization Details

Formed
2021
Legal Domicile
Ky
Voting Board Members
4
Independent Board Members
4
Employees
440
Volunteers
4

Preparer

Firm
Crowe Llp
Address
4801 Olympia Park Plaza Suite 4000, Louisville, KY 40241-2098
Preparer
Rachel Spurlock
Phone
5023263996
Supplemental Narrative

Financial Statement Notes

Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote

The Corporation is a not-for-profit corporation and is exempt from tax under the provisions of Internal Revenue Code Section 501(c)(3). In addition, the Corporation may be subject to tax on unrelated business income generated by its investments. As of June 30, 2024, management evaluated the Corporation's tax positions and concluded that the Corporation has maintained its tax-exempt status and had taken no uncertain income tax positions that require adjustment to the financial statements. Form 990 filed by the Corporation are subject to examination by the Internal Revenue Service (IRS) up to three years from the extended due date of each return. Management believes the Form 990 has been filed appropriately. The Corporation was formed in 2021 and filed two years of returns for the period ending June 30, 2022 and year ended June 30, 2023. Form 990 filed by the Corporation for the two last years have not been subject to examination. The Corporation would recognize interest and penalties related to unrecognized tax positions in interest and income tax expense, respectively. The Corporation did not recognize or accrue any interest or penalties as of June 30, 2024, and for the years then ended.

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IRS990/Form990PartVIISectionAGrp/PersonNm0DANIEL P MURPHY
IRS990/Form990PartVIISectionAGrp/PersonNm1DERRICK SINGLETON
IRS990/Form990PartVIISectionAGrp/PersonNm2JENNIFER BLATZ
IRS990/Form990PartVIISectionAGrp/PersonNm3JOSHUA FRAZIER-SPARKS
IRS990/Form990PartVIISectionAGrp/PersonNm4CHANNELL BARBOUR
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IRS990/Form990PartVIISectionAGrp/PersonNm6MICHAEL HOGG
IRS990/Form990PartVIISectionAGrp/PersonNm7PENELOPE JORDAN
IRS990/Form990PartVIISectionAGrp/PersonNm8RENEE HARGROVE
IRS990/Form990PartVIISectionAGrp/PersonNm9SHANDA CROWDER
IRS990/Form990PartVIISectionAGrp/PersonNm10Shane Garver
IRS990/Form990PartVIISectionAGrp/PersonNm11Amanda Collins
IRS990/Form990PartVIISectionAGrp/PersonNm12Amon Couch
IRS990/Form990PartVIISectionAGrp/PersonNm13Laura Garrett
IRS990/Form990PartVIISectionAGrp/PersonNm14Robert Moore
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IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4CHIEF OF STAFF
IRS990/Form990PartVIISectionAGrp/TitleTxt5CEO & President
IRS990/Form990PartVIISectionAGrp/TitleTxt6VP OF PLACE-BASED PARTNERSHIPS
IRS990/Form990PartVIISectionAGrp/TitleTxt7VP of Finance and Strategies/Executive Vice President (from 03/24)
IRS990/Form990PartVIISectionAGrp/TitleTxt8VP OF H.R., OPERATIONS AND LEGAL / VP of Admin. and Finance (from 03/24)
IRS990/Form990PartVIISectionAGrp/TitleTxt9VP of Rural Capacity and Infrastructure
IRS990/Form990PartVIISectionAGrp/TitleTxt10VP of Strategic Impact (from 07/23)
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director of Human Resources
IRS990/Form990PartVIISectionAGrp/TitleTxt12Executive Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Associate VP - Family Partnership
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director of Information Systems
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IRS990/MissionDesc0THE MISSION OF PARTNERS FOR RURAL IMPACT, INC., IS TO IMPROVE EDUCATIONAL OUTCOMES FOR RURAL STUDENTS, ESPECIALLY COMMUNITIES OF PERSISTENT POVERTY, BY PROVIDING DIRECT SERVICES TO SCHOOLS, STUDENTS, AND COMMUNITIES. (CONTINUED ON SCHEDULE O.) PRI ACHIEVES ITS MISSION BY DEVELOPING PROGRAMS FOR K-12 RURAL SCHOOLS AND PROVIDING COACHING, MENTORING, AND TECHNICAL ASSISTANCE TO FAMILIES, RESIDENTS, TEACHERS AND COMMUNITY LEADERS. THIS WORK HELPS TO BUILD THE NECESSARY SUPPORT THAT RURAL STUDENTS NEED TO ENSURE THEIR EDUCATIONAL SUCCESS AND INCREASE THEIR ECONOMIC MOBILITY. PRI USES A PLACE-BASED APPROACH TO ACCELERATE EDUCATIONAL OUTCOMES WHEREBY LOCAL AND PROXIMATE LEADERS COLLABORATE TO DRAW ON THE KNOWLEDGE AND EXPERIENCES OF THE COMMUNITY AS A WHOLE.
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