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Nonprofiteer
← PRICHARD COMMITTEE FOR ACADEMIC EXCELLENCE

Form 990 for tax year 2022

Filed by PRICHARD COMMITTEE FOR ACADEMIC EXCELLENCE.

Totals

Total revenue
$1,810,577
Total expenses
$1,813,364
Contributions and grants received
$1,729,075
Grants paid
$0
Program service revenue
$13,925
Investment income
$66,407
Other revenue
$1,170
Total assets, end of year
$4,684,533
Total liabilities, end of year
$430,630
Net assets or fund balances, end of year
$4,253,903
Program services expenses (Part IX)
$1,410,998
Management and general expenses
$277,348
Fundraising expenses
$125,018
Program service expenses (Part III)
$1,410,998

Program services were 77.8% 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.

  • 1e · Government grants (contributions)

    $1,384,310

  • 1f · All other contributions, gifts and grants

    $344,765

  • 2a · Program service revenue: MEETING REGISTRATION

    total $13,925 · related or exempt $13,925

  • 3 · Investment income

    total $55,582 · excluded $55,582

  • 7a · Gross sales of assets other than inventory

    securities $2,026,027

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

    securities $2,015,202

  • 7c · Gain or loss

    securities $10,825

  • 7d · Net gain or loss

    total $10,825 · related or exempt $10,825

  • 8a · Fundraising events: gross income

    $1,170

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $1,170 · excluded $1,170

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $198,137 · program services $118,882 · management and general $39,628 · fundraising $39,627

  • 7 · Other salaries and wages

    total $434,705 · program services $286,137 · management and general $99,597 · fundraising $48,971

  • 8 · Pension plan contributions

    total $28,256 · program services $18,084 · management and general $6,216 · fundraising $3,956

  • 9 · Other employee benefits

    total $23,366 · program services $14,954 · management and general $5,141 · fundraising $3,271

  • 10 · Payroll taxes

    total $43,016 · program services $27,530 · management and general $9,464 · fundraising $6,022

  • 11c · Fees: accounting

    total $16,678 · management and general $16,678

  • 11f · Fees: investment management

    total $32,136 · management and general $32,136

  • 13 · Office expenses

    total $22,173 · program services $3,039 · management and general $19,134

  • 14 · Information technology

    total $45,035 · program services $33,776 · fundraising $11,259

  • 16 · Occupancy

    total $43,200 · program services $32,400 · management and general $6,480 · fundraising $4,320

  • 17 · Travel

    total $29,877 · program services $26,889 · fundraising $2,988

  • 19 · Conferences, conventions and meetings

    total $30,027 · program services $2,795 · management and general $27,232

  • 22 · Depreciation, depletion and amortization

    total $878 · program services $658 · management and general $132 · fundraising $88

  • 23 · Insurance

    total $7,154 · management and general $7,154

  • 24a · Other expenses: CONSULTANTS

    total $812,531 · program services $812,531

  • 24b · Other expenses: EQUIPMENT RENTAL

    total $13,324 · program services $9,993 · management and general $1,999 · fundraising $1,332

  • 24c · Other expenses: TELEPHONE

    total $9,286 · program services $6,964 · management and general $1,393 · fundraising $929

  • 24d · Other expenses: PRINTING

    total $7,217 · program services $5,918 · management and general $505 · fundraising $794

  • 24e · All other expenses

    total $16,368 · program services $10,448 · management and general $4,459 · fundraising $1,461

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $125,178 · end of year $85,568

  • 2 · Savings and temporary cash investments

    beginning of year $172,747 · end of year $243,798

  • 3 · Pledges and grants receivable

    beginning of year $47,573 · end of year $191,632

  • 4 · Accounts receivable

    beginning of year $1,500 · end of year $500

  • 9 · Prepaid expenses and deferred charges

    beginning of year $15,249 · end of year $17,954

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

    $13,145

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

    $11,976

  • 10c · Land, buildings and equipment, net

    beginning of year $2,046 · end of year $1,169

  • 12 · Investments: other securities

    beginning of year $4,644,967 · end of year $4,143,912

  • 17 · Accounts payable and accrued expenses

    beginning of year $161,340 · end of year $157,432

  • 25 · Other liabilities

    beginning of year $63,985 · end of year $273,198

  • 27 · Net assets without donor restrictions

    beginning of year $2,088,288 · end of year $1,321,675

  • 28 · Net assets with donor restrictions

    beginning of year $2,695,647 · end of year $2,932,228

Mission and programs · 2022

Mission

TO BUILD A PATH TO LARGER LIFE FOR ALL KENTUCKIANS THROUGH EXCELLENT EDUCATION.

  • KENTUCKY COLLABORATIVE FOR FAMILIES AND SCHOOLS -WE ARE NETWORK OF FAMILIES, SCHOOL, DISTRICTS, AND COMMUNITY PARTNERS FOCUSED ON INCREASING OPEN COMMUNICATION, LEARNING OPPORTUNITIES, AND SHARED DECISION-MAKING POWER ACROSS THE KENTUCKY EDUCATION SYSTEM. THE COMMONWEALTH INSTITUTE FOR PARENT LEADERSHIP, A NATIONALLY RECOGNIZED MODEL OF PARENT LEADERSHIP, HAS TRAINED OVER 2,500 PARENTS SINCE 1997.

    Expenses $844,967

  • EXCELLENCE WITH EQUITY: EVERYBODY'S BUSINESS (K12 ACCOUNTABILITY) - WE STAFF AN EQUITY COALITION OF 30 ORGANIZATIONS AND INDIVIDUALS COMMITTED TO ENSURING EXCELLENCE WITH EQUITY FOR EACH AND EVERY KENTUCKY PUBLIC SCHOOL STUDENT. WE FOCUS ON SYSTEM CHANGE THROUGH ACCOUNTABILITY AND ADEQUATE, EQUITABLE INVESTMENTS, AS WELL AS LOCAL ACTION TO RESPOND TO THE UNIQUE NEEDS OF SCHOOLS AND STUDENTS.

    Expenses $155,312

  • STRONG START KYTHE PRICHARD COMMITTEE CONTINUES TO SERVE AS THE CONVENER FOR THE STRONG START KY COALITION AND BUSINESS LEADERS FOR A STRONG START, WHICH COMBINED INCLUDES MORE THAN 100 ORGANIZATIONS AND INDIVIDUALS. STRONG START KY ADVOCATES FOR HIGH-QUALITY EARLY LEARNING AND INCREASED READING AND MATH PROFICIENCY BY 3RD GRADE.

    Expenses $310,625

  • IN PURSUIT OF EXCELLENCE: POSTSECONDARY & KENTUCKY'S FUTURE - OUR POSTSECONDARY ADVOCACY FOCUSES ON ACCESS, QUALITY, AND AFFORDABILITY. WE ARE TRACKING COLLEGE-GOING, PERSISTENCE, AND POSTSECONDARY ATTAINMENT LEVELS, ALIGNED TO THE STATE'S GOAL OF 60 PERCENT ATTAINMENT BY 2030.

    Expenses $100,094

  • GROUNDSWELL SUMMIT & ANNUAL MEETING

    Revenue $13,925

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

Listed in Part VII

  • Dr Jay Box

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Leo Calderon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Garren Colvin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Al Cornish

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Felicia Cummings Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Susand Elkington

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • W Clay H Ford

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Franklin Jelsma

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lonnie Lawson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Christian Motley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Wynn L Radford

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Derrick Ramsey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Dr Julia L Roberts

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Julie Tennnyson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gwen Young

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Elaine Wilson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brigitte Blom

    PRESIDENT & CEO

    Total calculated
    $209,354
    From this org
    $198,137
    From related orgs
    $0
    Other
    $11,217
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $198,137
    Bonus
    $0
    Other
    $0
    Deferred
    $9,907
    Nontaxable benefits
    $1,310
    Filer's total
    $209,354

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

None.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
7 June 2023
IRS schema version
2022v5.0
Source object
202341649349300139

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