Form 990 for tax year 2023
Filed by KENTUCKY TELECOM ASSOCIATION INC.
Totals
- Total revenue
- $698,867
- Total expenses
- $653,820
- Contributions and grants received
- $292,970
- Grants paid
- $0
- Program service revenue
- $400,441
- Investment income
- $5,456
- Other revenue
- $0
- Total assets, end of year
- $376,599
- Total liabilities, end of year
- $33,721
- Net assets or fund balances, end of year
- $342,878
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- $332,682
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1b · Membership dues
$292,970
-
2a · Program service revenue: SEMINARS
total $278,198 · related or exempt $278,198
-
2b · Program service revenue: ANNUAL MEETING
total $122,243 · related or exempt $122,243
-
3 · Investment income
total $5,456 · excluded $5,456
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $175,292
-
7 · Other salaries and wages
total $5,258
-
8 · Pension plan contributions
total $13,997
-
9 · Other employee benefits
total $15,565
-
10 · Payroll taxes
total $12,999
-
11b · Fees: legal
total $402
-
11c · Fees: accounting
total $3,033
-
11d · Fees: lobbying
total $33,590
-
12 · Advertising and promotion
total $7,207
-
13 · Office expenses
total $3,022
-
16 · Occupancy
total $8,400
-
17 · Travel
total $11,975
-
19 · Conferences, conventions and meetings
total $332,682
-
23 · Insurance
total $3,996
-
24a · Other expenses: PUBLIC AFFAIRS- REGULAT
total $18,311
-
24b · Other expenses: UTILITIES- INTERNET & P
total $4,092
-
24c · Other expenses: CREDIT CARD PROCESSING
total $3,999
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $14,124 · end of year $20,566
-
2 · Savings and temporary cash investments
beginning of year $302,127 · end of year $354,041
-
4 · Accounts receivable
beginning of year $1,364 · end of year $1,392
-
9 · Prepaid expenses and deferred charges
beginning of year $600 · end of year $600
-
10a · Land, buildings and equipment: cost or other basis
$21,368
-
10b · Land, buildings and equipment: accumulated depreciation
$21,368
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $20,384 · end of year $33,721
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $297,831 · end of year $342,878
Mission and programs · 2023
Mission
TO SUPPORT, UNIFY AND PROMOTE MEMBER COMPANY EFFORTS TO PROVIDE HIGH QUALITY SERVICE IN RESPONSE TO THE NEEDS OF ALL TELECOMMUNICATIONS CUSTOMERS
Activities or mission (Part I)
TO PROVIDE INFORMATION AND TRAINING TO MEMBER COMPANIES
-
KY TELECOM ASSOCIATION HOSTS AN ANNUAL MEETING CONSISTING OF FORUMS AND PRESENTATIONS OFFERING INFORMATION ON THE LATEST ISSUES IMPACTING THE INDUSTRY AS WELL AS THE LATEST TECHNOLOGICAL ADVANCEMENTS.
Expenses $99,718 · Revenue $122,243
-
KY TELECOM ASSOCIATION HOSTS TECHINCAL SEMINARS WHICH OFFER DETAILED TRAINING IN NEW TECHNOLOGY AS WELL AS CURRENT ISSUES.
Expenses $232,964 · Revenue $278,198
-
KY TELECOM ASSOCIATION PROVIDES SERVICES SUCH AS MONTHLY EVENT CALENDARS, ANNUAL DIRECTOR NEWSLETTERS, A SUPPLIER SHOWCASE AND PROVIDES REPRESENTATION BEFORE REGULATORY AND LEGISLATIVE BODIES.
As filed on the 2023 return.
Listed in Part VII
-
Aaron Tyler CampbellAARON TYLER CAMPBELL
EXECUTIVE DIRECTOR
- Total calculated
- $204,854
- From this org
- $175,292
- From related orgs
- $0
- Other
- $29,562
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $148,023
- Bonus
- $27,269
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $29,562
- Filer's total
- $204,854
-
Ruth ConleyRUTH CONLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Johnny McClanahanJOHNNY MCCLANAHAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Doug UpdegraffDOUG UPDEGRAFF
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jeff EatonJEFF EATON
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Keith GabbardKEITH GABBARD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Karen HensletKAREN HENSLET
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
William GrigsbyWILLIAM GRIGSBY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Randy GroganRANDY GROGAN
DIRECTOR- RESIGNED
- Total calculated
- $0
- Hours/week
- 1
-
Greg HaleGREG HALE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Shayne IsonSHAYNE ISON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Thomas PrestonTHOMAS PRESTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Allison WilloughbyALLISON WILLOUGHBY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mark PattersonMARK PATTERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bruce MotternBRUCE MOTTERN
SECRETARY/TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Trevor BonnstetterTREVOR BONNSTETTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
James CampbellJAMES CAMPBELL
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Mike JohnsonMIKE JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
The filer's explanations (Part III)
- PART I, LINE 3
- KENTUCKY TELECOM ASSOCIATION, INC.'S BUDGET COMMITTEE ESTABLISHES AND RECOMMENDS THE COMPENSATION OF THE EXECUTIVE DIRECTOR. THE BUDGET COMMITTEE CONSIDERS THE RELEVANT FACTORS AND COMPENSATION OF SIMILAR ENTITIES WHEN DETERMINING THE RECOMMENDED COMPENSATION. THE BUDGET COMMITTEE PROVIDES THE RECOMMENDED COMPENSATION TO THE BOARD OF DIRECTORS AND THE FULL BOARD OF DIRECTORS IS RESPONSIBLE FOR APPROVING OR DENYING THE COMPENSATION PACKAGE. THE EXECUTIVE DIRECTOR SERVES AT THE DISCRETION OF THE BOARD OF DIRECTORS AS AN AT-WILL EMPLOYEE.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 12 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202443199349316074
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