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Nonprofiteer
← PRICHARD COMMITTEE FOR ACADEMIC EXCELLENCE

Form 990 for tax year 2023

Filed by PRICHARD COMMITTEE FOR ACADEMIC EXCELLENCE.

Totals

Total revenue
$3,836,333
Total expenses
$3,346,510
Contributions and grants received
$3,770,381
Grants paid
$0
Program service revenue
$17,239
Investment income
$45,698
Other revenue
$3,015
Total assets, end of year
$5,893,118
Total liabilities, end of year
$609,702
Net assets or fund balances, end of year
$5,283,416
Program services expenses (Part IX)
$2,818,433
Management and general expenses
$404,208
Fundraising expenses
$123,869
Program service expenses (Part III)
$2,818,433

Program services were 84.2% 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)

    $3,416,342

  • 1f · All other contributions, gifts and grants

    $354,039

  • 2a · Program service revenue: MEETING REGISTRATION

    total $17,239 · related or exempt $17,239

  • 3 · Investment income

    total $53,022 · excluded $53,022

  • 7a · Gross sales of assets other than inventory

    securities $1,835,588

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

    securities $1,842,912

  • 7c · Gain or loss

    securities -$7,324

  • 7d · Net gain or loss

    total -$7,324 · related or exempt -$7,324

  • 11a · Other revenue: MISCELLANEOUS

    total $3,015 · related or exempt $3,015

  • 11e · Other revenue, total

    $3,015

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $212,909 · program services $127,745 · management and general $42,582 · fundraising $42,582

  • 7 · Other salaries and wages

    total $1,213,722 · program services $1,038,026 · management and general $113,934 · fundraising $61,762

  • 8 · Pension plan contributions

    total $46,244 · program services $38,893 · management and general $4,411 · fundraising $2,940

  • 9 · Other employee benefits

    total $50,090 · program services $42,128 · management and general $4,777 · fundraising $3,185

  • 10 · Payroll taxes

    total $98,726 · program services $87,433 · management and general $6,776 · fundraising $4,517

  • 11b · Fees: legal

    total $4,184 · management and general $4,184

  • 11c · Fees: accounting

    total $16,791 · management and general $16,791

  • 11f · Fees: investment management

    total $30,738 · management and general $30,738

  • 13 · Office expenses

    total $45,176 · program services $38,594 · management and general $6,582

  • 14 · Information technology

    total $20 · management and general $20

  • 16 · Occupancy

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

  • 17 · Travel

    total $97,214 · program services $81,236 · management and general $14,380 · fundraising $1,598

  • 19 · Conferences, conventions and meetings

    total $102,184 · program services $54,028 · management and general $48,156

  • 22 · Depreciation, depletion and amortization

    total $561 · program services $421 · management and general $84 · fundraising $56

  • 23 · Insurance

    total $7,333 · management and general $7,333

  • 24a · Other expenses: CONSULTANTS

    total $1,222,925 · program services $1,222,925

  • 24b · Other expenses: PROFESSIONAL DEVELOPMENT

    total $26,094 · program services $21,078 · management and general $5,016

  • 24c · Other expenses: MISCELLANEOUS

    total $22,357 · program services $2,570 · management and general $19,787

  • 24d · Other expenses: SOFTWARE

    total $21,025 · program services $7,720 · management and general $13,305

  • 24e · All other expenses

    total $85,017 · program services $23,236 · management and general $58,872 · fundraising $2,909

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $85,568 · end of year $116,496

  • 2 · Savings and temporary cash investments

    beginning of year $243,798 · end of year $640,317

  • 3 · Pledges and grants receivable

    beginning of year $191,632 · end of year $469,967

  • 4 · Accounts receivable

    beginning of year $500 · end of year $5,485

  • 9 · Prepaid expenses and deferred charges

    beginning of year $17,954 · end of year $17,855

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

    $13,145

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

    $12,537

  • 10c · Land, buildings and equipment, net

    beginning of year $1,169 · end of year $608

  • 12 · Investments: other securities

    beginning of year $4,143,912 · end of year $4,642,390

  • 17 · Accounts payable and accrued expenses

    beginning of year $157,432 · end of year $321,509

  • 25 · Other liabilities

    beginning of year $273,198 · end of year $288,193

  • 27 · Net assets without donor restrictions

    beginning of year $1,321,675 · end of year $2,201,026

  • 28 · Net assets with donor restrictions

    beginning of year $2,932,228 · end of year $3,082,390

Mission and programs · 2023

Mission

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

  • CENTER FOR BEST PRACTICES AND INNOVATION. THE CENTER FOR BEST PRACTICES AND INNOVATION IS A HUB FOR RESEARCH, KNOWLEDGE AND LOCAL LEARNING THAT ADVANCES PRACTICE AND POLICIES TO IMPROVE EDUCATION OUTCOMES AND ECONOMIC WELL-BEING OF KENTUCKIANS. THIS PROGRAM ENCOMPASSES THE FOLLOWING INITIATIVES: STRONG START KENTUCKY EARLY CHILDHOOD-MAKING HIGH-QUALITY EARLY CHILDHOOD AVAILABLE TO EVERY KENTUCKY CHILD. SUPPORTING EQUITY & EXCELLENCE IN KY SCHOOLS- THE PRICHARD COMMITTEE IS STRENGTHENING ITS FOCUS ON CLOSING THE ACHIEVEMENT GAP BY DEVELOPING RECOMMENDATIONS, HIGHLIGHTING THE DATA AND DEVELOPING AN ACTION PLAN TO CREATE A SENSE OF URGENCY AND FOLLOW THROUGH TO CLOSE THESE GAPS. MEANINGFUL DIPLOMA- THE PRICHARD COMMITTEE IS DEDICATED TO TRANSFORMING EDUCATION IN KENTUCKY BY EMPHASIZING MEANINGFUL AND DURABLE SKILLS.

    Expenses $1,118,121

  • KENTUCKY COLLABORATIVE FOR FAMILIES AND SCHOOLS. THE COLLABORATIVE FOR FAMILIES AND SCHOOLS IS A NETWORK OF FAMILIES, SCHOOLS, AND COMMUNITY PARTNERS SUPPORTING LOCAL INNOVATION AND COLLABORATION TO MEET THE UNIQUE NEEDS OF EACH AND EVERY KENTUCKY CHILD TO IMPROVE LEARNING OUTCOMES AND STUDENT SUCCESS. THIS PROGRAM ENCOMPASSES THE FOLLOWING INITIATIVES: COMMONWEALTH INSTITUTE FOR PARENT LEADERSHIP- CIPL OFFERS A VARIETY OF PROGRAMS AIMED AT BRINGING TOGETHER PARENTS, TEACHERS, COMMUNITY MEMBERS, AND SCHOOL ADMINISTRATORS FOR TRAINING, INFORMATION, AND EXPERIENCES THAT HELP THEM WORK AS PARTNERS TO RAISE STUDENT ACHIEVEMENT. KENTUCKY COMMUNITY SCHOOLS INITIATIVE- THIS INITIATIVE INTEGRATES THE FOUR PILLARS OF COMMUNITY SCHOOLS: INTEGRATED STUDENT SUPPORTS; EXPANDED AND ENRICHED LEARNING TIME AND OPPORTUNITIES; ACTIVE FAMILY AND COMMUNITY ENGAGEMENT; COLLABORATIVE LEADERSHIP AND PRACTICES. FAMILY FRIENDLY SCHOOLS-THIS INITIATIVE IS FOCUSED ON FAMILY ENGAGEMENT, DEFINED AS A PRODUCTIVE, EQUITABLE AND INCLUSIVE PARTNERSHIP ABOUT FAMILIES, EDUCATORS AND THE COMMUNITY TO PROMOTE CHILDREN'S LEARNING AND DEVELOPMENT FROM BIRTH THROUGH COLLEGE AND CAREER, AND ACROSS HOME, SCHOOL AND COMMUNITY SETTINGS.

    Expenses $1,700,312

  • GROUNDSWELL SUMMIT & ANNUAL MEETING

    Revenue $17,239

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

Listed in Part VII

  • Brigitte Blom

    PRESIDENT &

    Total calculated
    $223,915
    From this org
    $212,909
    From related orgs
    $0
    Other
    $11,006
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $212,909
    Bonus
    not reported
    Other
    not reported
    Deferred
    $9,407
    Nontaxable benefits
    $1,599
    Filer's total
    $223,915

  • 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

  • Susan D Elkington

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • 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

  • Felicia Cummings Smith

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Julie Tennyson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Elaine Wilson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gwen Young

    SECRETARY/TR

    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

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
2023
Filed
15 November 2024
IRS schema version
2023v5.0
Source object
202433179349301243

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