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Nonprofiteer
← KENTUCKY EDUCATIONAL TELEVISION FOUNDATION INC

Form 990 for tax year 2022

Filed by KENTUCKY EDUCATIONAL TELEVISION FOUNDATION INC.

Totals

Total revenue
$10,632,941
Total expenses
$7,801,003
Contributions and grants received
$9,848,381
Grants paid
$0
Program service revenue
$678,200
Investment income
$65,433
Other revenue
$40,927
Total assets, end of year
$11,526,608
Total liabilities, end of year
$17,878,953
Net assets or fund balances, end of year
-$6,352,345
Program services expenses (Part IX)
$6,753,193
Management and general expenses
$1,047,810
Fundraising expenses
$0
Program service expenses (Part III)
$6,753,193

Program services were 86.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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.

  • 1d · Related organizations

    $4,467,478

  • 1e · Government grants (contributions)

    $5,169,103

  • 1f · All other contributions, gifts and grants

    $211,800

  • 2a · Program service revenue: ADULT & CONTINUING EDUCATION

    total $570,588 · related or exempt $570,588

  • 2b · Program service revenue: PROGRAM SERVICES

    total $107,612 · related or exempt $107,612

  • 3 · Investment income

    total $65,433 · excluded $65,433

  • 5 · Royalties

    total $361 · excluded $361

  • 10a · Gross sales of inventory

    $20,748

  • 10b · Cost of goods sold

    $8,710

  • 10c · Net income from sales of inventory

    total $12,038 · related or exempt $12,038

  • 11a · Other revenue: ENDOWMENT-ADMINISTRATIVE

    total $26,400 · related or exempt $26,400

  • 11b · Other revenue: OTHER REVENUE

    total $2,128 · excluded $2,128

  • 11e · Other revenue, total

    $28,528

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $291,008 · management and general $291,008

  • 7 · Other salaries and wages

    total $5,470,459 · program services $2,142,838 · management and general $3,327,621

  • 8 · Pension plan contributions

    total -$3,698,022 · program services -$550,032 · management and general -$3,147,990

  • 11b · Fees: legal

    total $110,775 · program services $30,619 · management and general $80,156

  • 11c · Fees: accounting

    total $26,400 · management and general $26,400

  • 11g · Fees: other

    total $126,887 · program services $118,543 · management and general $8,344

  • 12 · Advertising and promotion

    total $107,176 · program services $106,626 · management and general $550

  • 13 · Office expenses

    total $26,953 · program services $18,987 · management and general $7,966

  • 14 · Information technology

    total $254,495 · program services $245,302 · management and general $9,193

  • 15 · Royalties

    total $20,804 · program services $20,804

  • 16 · Occupancy

    total $37,374 · program services $37,064 · management and general $310

  • 17 · Travel

    total $198,317 · program services $173,781 · management and general $24,536

  • 19 · Conferences, conventions and meetings

    total $72,390 · program services $60,280 · management and general $12,110

  • 20 · Interest

    total $8,809 · management and general $8,809

  • 22 · Depreciation, depletion and amortization

    total $222,442 · program services $46,914 · management and general $175,528

  • 23 · Insurance

    total $118,098 · program services $13,826 · management and general $104,272

  • 24a · Other expenses: PROGRAM ACQUISITIONS, &

    total $3,179,574 · program services $3,179,574

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $215,151 · program services $124,195 · management and general $90,956

  • 24c · Other expenses: TEST VOUCHERS

    total $189,915 · program services $189,915

  • 24d · Other expenses: VISION PROGRAM GUIDE

    total $189,355 · program services $189,355

  • 24e · All other expenses

    total $632,643 · program services $604,602 · management and general $28,041

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,690,620 · end of year $2,953,909

  • 2 · Savings and temporary cash investments

    beginning of year $250,017 · end of year $5,008,296

  • 3 · Pledges and grants receivable

    beginning of year $106,336 · end of year $397,260

  • 4 · Accounts receivable

    beginning of year $27,529 · end of year $206,759

  • 9 · Prepaid expenses and deferred charges

    beginning of year $129,492 · end of year $142,977

  • 10a · Land, buildings and equipment: cost or other basis

    $626,934

  • 10b · Land, buildings and equipment: accumulated depreciation

    $393,929

  • 10c · Land, buildings and equipment, net

    beginning of year $226,911 · end of year $233,005

  • 15 · Other assets

    beginning of year $1,855,206 · end of year $2,584,402

  • 17 · Accounts payable and accrued expenses

    beginning of year $567,731 · end of year $312,705

  • 19 · Deferred revenue

    beginning of year $1,530,129 · end of year $2,038,383

  • 25 · Other liabilities

    beginning of year $18,372,534 · end of year $15,527,865

  • 29 · Capital stock, trust principal or current funds

    beginning of year -$10,653,252 · end of year -$8,022,030

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $371,697 · end of year $417,140

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,097,272 · end of year $1,252,545

Mission and programs · 2022

Mission

NONPROFIT FOUNDATION CREATED TO SUPPORT AND FURTHER THE EDUCATIONAL, CHARITABLE AND PUBLIC PURPOSES AND ACTIVITIES OF THE KENTUCKY AUTHORITY FOR EDUCATIONAL TELEVISION. PRIMARY PURPOSE IS TO RECEIVE, HOLD AND ADMINISTER GRANTS IN THE NAME OF THE AUTHORITY.

Activities or mission (Part I)

EDUCATE, INSPIRE, INFORM, AND CONNECT KENTUCKY CITIZENS THROUGH THE USE OF PUBLIC MEDIA

  • ACQUISITION AND PRODUCTION OF INSTRUCTIONAL RESOURCES FOR GRADES P-12 - KET SERVICES AND RESOURCES ARE USED IN PUBLIC AND NONPUBLIC SCHOOLS, AS WELL AS BY PARENTS, COMMUNITY GROUPS AND OTHER ORGANIZATIONS OUTSIDE OF FORMAL EDUCATIONAL SETTINGS. THIS PROGRAM SERVICE SUPPORTS THE PRODUCTION OF ONLINE DIGITAL RESOURCES, WORKSHOPS FOR STUDENTS, TEACHERS AND PARENTS, AND PROFESSIONAL DEVELOPMENT FOR TEACHERS.

    Expenses $1,418,926 · Revenue $107,612

  • PRODUCTION OF ADULT AND CONTINUING EDUCATION - KET PROVIDES COURSES AND SUPPORT FOR ADULTS WHO ARE PREPARING TO TAKE THE GED TEST, NEED PRE-GED LEVEL INSTRUCTION, OR WANT TO IMPROVE THEIR WORKPLACE SKILLS. KET HAS CREATED AN INNOVATIVE ONLINE LEARNING SYSTEM WHICH IS CURRENTLY USED BY INDEPENDENT LEARNERS AND IN ADULT EDUCATION CENTERS ACROSS THE STATE.

    Expenses $225,290 · Revenue $582,626

  • ACQUISITION AND PRODUCTION OF PROGRAMMING - KET PRODUCES, ACQUIRES, AND DISTRIBUTES HIGH-QUALITY, INNOVATIVE, EDUCATIONAL, LOCAL, AND NATIONAL CONTENT ON MULTIPLE PLATFORMS. CONTENT INCLUDES NATIONAL PROGRAMMING FROM PBS, PUBLIC AFFAIRS PROGRAMS FOCUSED ON LOCAL ISSUES AND CONCERNS, CULTURAL AFFAIRS PROGRAMS THAT CELEBRATE KENTUCKY'S RICH HISTORY AND UNIQUE CULTURE, AND 400 HOURS OF LIVE STATE LEGISLATIVE COVERAGE EACH YEAR.

    Expenses $4,372,912

  • PRODUCTION OF MISCELLANEOUS EDUCATION PROGRAMS

    Expenses $736,065 · Revenue $26,400

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dan Griffith

    DIRECTOR

    Total calculated
    $450
    From this org
    $200
    From related orgs
    $250
    Other
    $0
    Hours/week
    1 + 1 related

  • Leah McCormick Adkins

    DIRECTOR

    Total calculated
    $350
    From this org
    $150
    From related orgs
    $200
    Other
    $0
    Hours/week
    1 + 1 related

  • Robert Bob M Beck

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • David Couch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jason E Glass

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Karyn Hoover

    DIRECTOR

    Total calculated
    $200
    From this org
    $100
    From related orgs
    $100
    Other
    $0
    Hours/week
    1 + 1 related

  • Kevin Weaver

    DIRECTOR

    Total calculated
    $250
    From this org
    $100
    From related orgs
    $150
    Other
    $0
    Hours/week
    1 + 1 related

  • Crystal Staley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jay Mehta

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Melissa Chastain

    DIRECTOR

    Total calculated
    $250
    From this org
    $100
    From related orgs
    $150
    Other
    $0
    Hours/week
    1 + 1 related

  • Sean Mestan

    DIRECTOR

    Total calculated
    $50
    From this org
    $50
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 1 related

  • Barbra Ledford

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Shae Hopkins

    EXECUTIVE DIRECTOR/CEO

    Total calculated
    $405,908
    From this org
    $117,526
    From related orgs
    $144,211
    Other
    $144,171
    Hours/week
    9.6 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $117,526 + $144,211 related
    Bonus
    $0
    Other
    $0
    Deferred
    $13,907 + $119,798 related
    Nontaxable benefits
    $0 + $10,466 related
    Filer's total
    $131,433 + $274,475 related

  • Elaine Crawford

    CHIEF ADMINISTRATIVE OFFICER

    Total calculated
    $272,474
    From this org
    $0
    From related orgs
    $145,002
    Other
    $127,472
    Hours/week
    9 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $145,002 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $118,468 related
    Nontaxable benefits
    $0 + $9,004 related
    Filer's total
    $0 + $272,474 related

  • Michele Ripley

    PRESIDENT OF COMMONWEALTH FUND

    Total calculated
    $158,875
    From this org
    $134,225
    From related orgs
    $0
    Other
    $24,650
    Hours/week
    10.75 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $134,225
    Bonus
    $0
    Other
    $0
    Deferred
    $15,646
    Nontaxable benefits
    $9,004
    Filer's total
    $158,875

  • Tim Bischoff

    CHIEF TECHNOLOGY OFFICER

    Total calculated
    $273,307
    From this org
    $0
    From related orgs
    $135,060
    Other
    $138,247
    Hours/week
    5.3 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $135,060 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $116,360 related
    Nontaxable benefits
    $0 + $21,887 related
    Filer's total
    $0 + $273,307 related

  • Nancy Southgate

    CHIEF CONTENT OFFICER

    Total calculated
    $270,761
    From this org
    $0
    From related orgs
    $135,536
    Other
    $135,225
    Hours/week
    1.7 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $135,536 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $115,138 related
    Nontaxable benefits
    $0 + $20,087 related
    Filer's total
    $0 + $270,761 related

  • Tonya Crum

    CHIEF OF STAFF

    Total calculated
    $219,336
    From this org
    $0
    From related orgs
    $117,986
    Other
    $101,350
    Hours/week
    2 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $117,986 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $98,600 related
    Nontaxable benefits
    $0 + $2,750 related
    Filer's total
    $0 + $219,336 related

  • Renee Shaw

    DIRECTOR OF PUBLIC AFFAIRS

    Total calculated
    $152,586
    From this org
    $130,096
    From related orgs
    $0
    Other
    $22,490
    Hours/week
    11.8 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $130,096
    Bonus
    $0
    Other
    $0
    Deferred
    $13,136
    Nontaxable benefits
    $9,354
    Filer's total
    $152,586

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 · Compensation committee
  • 3 · Compensation survey or study
  • 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
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • KENTUCKY AUTHORITY FOR EDUCATIONAL TELEVISION (STATE AGENCY)

    501(C)(3) · ACQUISITION AND PRODUCTION OF EDUCATIONAL PROGRAMS FOR TELEVISION · KY

  • COMMONWEALTH FUND FOR KET INC

    501(C)(3) · SUPPORT THE KY EDUCATIONAL TELEVISION AUTHORITY THROUGH ITS FUNDRAISING · KY

Provenance

Return type
form_990
Tax year
2022
Filed
25 January 2024
IRS schema version
2022v5.0
Source object
202440389349301519

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