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Nonprofiteer
← SOUTHCENTRAL KENTUCKY COMMUNITY & TECHNICAL COLLEGE FOUNDATION INC

Form 990 for tax year 2024

Filed by SOUTHCENTRAL KENTUCKY COMMUNITY & TECHNICAL COLLEGE FOUNDATION INC.

Totals

Total revenue
$2,336,876
Total expenses
$1,276,011
Contributions and grants received
$2,296,224
Grants paid
$1,173,131
Program service revenue
$0
Investment income
$26,498
Other revenue
$14,154
Total assets, end of year
$3,495,135
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$3,495,135
Program services expenses (Part IX)
$1,188,420
Management and general expenses
$87,591
Fundraising expenses
$0
Program service expenses (Part III)
$1,188,420

Program services were 93.1% 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.

  • 1f · All other contributions, gifts and grants

    $2,296,224

  • 3 · Investment income

    total $26,498 · excluded $26,498

  • 9a · Gaming: gross income

    $23,857

  • 9b · Gaming: direct expenses

    $9,703

  • 9c · Net income from gaming

    total $14,154 · excluded $14,154

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $1,173,131 · program services $1,173,131

  • 11c · Fees: accounting

    total $6,750 · management and general $6,750

  • 13 · Office expenses

    total $80,841 · management and general $80,841

  • 24a · Other expenses: VARIOUS PROGRAMS

    total $15,289 · program services $15,289

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $689,010 · end of year $709,179

  • 3 · Pledges and grants receivable

    beginning of year $5,779

  • 4 · Accounts receivable

    beginning of year $32 · end of year $32

  • 10c · Land, buildings and equipment, net

    beginning of year $37,627

  • 11 · Investments: publicly traded securities

    beginning of year $1,451,165 · end of year $2,785,924

  • 27 · Net assets without donor restrictions

    beginning of year $388,672 · end of year $484,359

  • 28 · Net assets with donor restrictions

    beginning of year $1,794,941 · end of year $3,010,776

Mission and programs · 2024

Mission

SEE SCHEDULE O

Activities or mission (Part I)

THE ORGANIZATION IS OPERATED EXCLUSIVELY FOR THE PURPOSE OF STIMULATING VOLUNTARY FINANCIAL SUPPORT TO RAISE PRIVATE FUNDS TO ASSIST THE SOUTHCENTRAL KENTUCKY COMMUNITY AND TECHNICAL COLLEGE IN CARRYING OUT ITS PURPOSES, MISSIONS, AND TO PROVIDE STUDENTS AND EMPLOYEES IN THE REGION WITH ACCESSIBLE PUBLIC EDUCATION AND TRAINING TO SUPPORT LIFELONG LEARNING NEEDS.

  • PAYMENT OF SCHOLARSHIPS AND OTHER AMOUNTS TO SOUTHCENTRAL KENTUCKY COMMUNITY AND TECHNICAL COLLEGE FOR THE BENEFIT OF STUDENTS

    Expenses $1,188,420 · Grants $1,173,131

As filed on the 2024 return.

Listed in Part VII

  • Steve Allen

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Alex Downing

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Chris Gentry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jason Goodman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Roddy Grimes

    CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Tommy Gumm

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Lowell Guthrie

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Tim Knipp

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Cindy Lawrence

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Dr Phillip Neal

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 40 related
  • Jeff Ranger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Treva Shirley

    COLLEGE BOAR

    Total calculated
    $0
    Hours/week
    1
  • Steve Sinclair

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Rick Starks

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Steve Thurmond

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Heather Rogers

    EXECUTIVE DI

    Total calculated
    $0
    Hours/week
    20 + 20 related

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
7 November 2025
IRS schema version
2024v5.0
Source object
202503429349301415

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