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← ASSOCIATION OF INDEPENDENT KENTUCY COLLEGE AND UNIVERSITIES INC

Form 990 for tax year 2023

Filed by ASSOCIATION OF INDEPENDENT KENTUCY COLLEGE AND UNIVERSITIES INC.

Totals

Total revenue
$1,253,632
Total expenses
$1,113,628
Contributions and grants received
$681,342
Grants paid
$0
Program service revenue
$439,436
Investment income
$132,854
Other revenue
$0
Total assets, end of year
$2,886,407
Total liabilities, end of year
$78,385
Net assets or fund balances, end of year
$2,808,022
Program services expenses (Part IX)
$762,231
Management and general expenses
$351,397
Fundraising expenses
$0
Program service expenses (Part III)
$762,231

Program services were 68.4% 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.

  • 1b · Membership dues

    $553,742

  • 1f · All other contributions, gifts and grants

    $127,600

  • 2a · Program service revenue: COOPERATIVE EDUCATION PROGRAM

    total $439,436 · related or exempt $439,436

  • 3 · Investment income

    total $133,703 · related or exempt -$3,664 · excluded $137,367

  • 7a · Gross sales of assets other than inventory

    securities $40,292

  • 7b · Less cost or other basis and sales expenses

    securities $41,141

  • 7c · Gain or loss

    securities -$849

  • 7d · Net gain or loss

    total -$849 · related or exempt -$849

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $327,108 · program services $327,108

  • 5 · Compensation of officers, directors and key employees

    total $410,005 · program services $266,503 · management and general $143,502

  • 7 · Other salaries and wages

    total $105,828 · program services $68,791 · management and general $37,037

  • 8 · Pension plan contributions

    total $49,426 · program services $32,127 · management and general $17,299

  • 9 · Other employee benefits

    total $67,452 · program services $43,844 · management and general $23,608

  • 10 · Payroll taxes

    total $36,704 · program services $23,858 · management and general $12,846

  • 11b · Fees: legal

    total $1,339 · management and general $1,339

  • 11c · Fees: accounting

    total $34,346 · management and general $34,346

  • 13 · Office expenses

    total $8,272 · management and general $8,272

  • 14 · Information technology

    total $11,854 · management and general $11,854

  • 16 · Occupancy

    total $2,511 · management and general $2,511

  • 17 · Travel

    total $17,912 · management and general $17,912

  • 22 · Depreciation, depletion and amortization

    total $882 · management and general $882

  • 23 · Insurance

    total $41 · management and general $41

  • 24a · Other expenses: DUES & SUBSCRIPTIONS

    total $16,453 · management and general $16,453

  • 24b · Other expenses: CONTRACT SERVICES

    total $15,948 · management and general $15,948

  • 24c · Other expenses: MEALS

    total $7,470 · management and general $7,470

  • 24d · Other expenses: BANK SERVICE CHARGES

    total $42 · management and general $42

  • 24e · All other expenses

    total $35 · management and general $35

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $629,498 · end of year $561,729

  • 4 · Accounts receivable

    beginning of year $45,010 · end of year $146,118

  • 9 · Prepaid expenses and deferred charges

    beginning of year $52,153 · end of year $45,234

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

    $5,770

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

    $5,632

  • 10c · Land, buildings and equipment, net

    beginning of year $1,020 · end of year $138

  • 11 · Investments: publicly traded securities

    beginning of year $315,098 · end of year $376,565

  • 15 · Other assets

    beginning of year $1,609,589 · end of year $1,756,623

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,693 · end of year $4,294

  • 25 · Other liabilities

    beginning of year $88,531 · end of year $74,091

  • 27 · Net assets without donor restrictions

    beginning of year $2,033,653 · end of year $2,246,656

  • 28 · Net assets with donor restrictions

    beginning of year $527,491 · end of year $561,366

Mission and programs · 2023

Mission

AIKCU IS A NON-PROFIT, MEMBER SERVICES ORGANIZATION COMMITTED TO STRENGHTENING THE COMMONWEALTH'S VIBRANT, INDEPENDENT, NOT-FOR-PROFIT COLLEGE AND UNIVERSITY SECTOR WHILE STRIVING TO ASSURE THAT STUDENTS OF ALL AGES AND BACKGROUNDS HAVE AN OPPORTUNITY TO ENROLL AND SUCCEED. WE SERVE TO SUSTAIN THE UNIQUE EDUCATIONAL QUALITIES AND SOCIETAL CONTRIBUTIONS OF OUR MEMBERS BY IDENTIFYING AND BUILDING ON THEIR SHARED INTERESTS. AIKCU WAS FOUNDED IN 1965 TO SPONSOR COOPERATIVE PROJECTS AIMED AT BENEFITTING ALL MEMBER INSTITUTIONS. UNDER THE AUSPICES OF AIKCU, VARIOUS GROUPS OF INSTITUTIONAL STAFF MEMBERS SUCH AS DEANS, BUSINESS MANAGERS, REGISTRARS AND LIBRARIANS MEET TO DISCUSS MUTUAL CONCERNS AND SHARE IDEAS FOR SOLVING VARIOUS PROBLEMS.

Activities or mission (Part I)

A CONSORTIUM OF REGIONALLY ACCREDITED, PRIVATELY FUNDED, ACADEMIC INSTITUTIONS IN KENTUCKY

  • CONDUCT THE COOPERATIVE EDUCATIONAL PROGRAMS OF THE INDEPENDENT KENTUCKY COLLEGES AND UNIVERSITIES.

    Expenses $762,231 · Revenue $439,436

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Mason Dyer

    PRESIDENT

    Total calculated
    $233,269
    From this org
    $212,494
    From related orgs
    $0
    Other
    $20,775
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $212,494
    Bonus
    not reported
    Other
    not reported
    Deferred
    $20,775
    Nontaxable benefits
    not reported
    Filer's total
    $233,269

  • Krista Hudson

    VP OF FINANC

    Total calculated
    $217,262
    From this org
    $197,511
    From related orgs
    $0
    Other
    $19,751
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $197,511
    Bonus
    not reported
    Other
    not reported
    Deferred
    $19,751
    Nontaxable benefits
    not reported
    Filer's total
    $217,262

  • Terry Allcorn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Rosemary Allen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Kevin Brown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Joseph L Chillo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Larry L Cockrum

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • James Cousins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Susan M Donovan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Joseph Hopkins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • William T Luckey Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Anne Kenworthy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Brien Lewis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • James P Marsden

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Milton C Moreland

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Cheryl L Nixon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Madison C Silvert

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • James O Stepp

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Dj Washington

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Burton J Webb

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

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 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.

Provenance

Return type
form_990
Tax year
2023
Filed
9 May 2025
IRS schema version
2023v6.0
Source object
202511359349310751

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