Kentucky Dataseam Initiative Inc
- Assets
- $783.3k
- Revenue
- $732.1k
- Investments
- $0.0
- Employees
- 5
- Location
- Louisville, KY
- Founding
- 10/2005
- Data as of
- 12/2021
- EIN
- 20-1482655
Organization Overview
Kentucky Dataseam Initiative Inc is located in Louisville, KY. The organization was established in 2005. According to its NTEE Classification (U99) the organization is classified as: Science & Technology N.E.C., under the broad grouping of Science & Technology and related organizations. As of 12/2021, Kentucky Dataseam Initiative Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kentucky Dataseam Initiative Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Kentucky Dataseam Initiative Inc generated $732.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (15.2%) each year. All expenses for the organization totaled $821.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (14.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO AGGRESSIVELY DRIVE ECONOMIC DEVELOPMENT IN KENTUCKY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HIGH PERFORMANCE COMPUTING CLOUD: LEVERAGING NEARLY 6,800 COMPUTERS OPERATING IN 48 SCHOOL DISTRICTS TO CREATE AN INNOVATIVE AND EFFICIENT CLOUD COMPUTING RESOURCE. COMPUTERS SERVE CRITICAL EDUCATION FUNCTION SUPPORTING 180,000 K-12 STUDENTS, BUT DO NOT USE ALL THEIR COMPUTING CAPACITY 24X7. COMPUTERS CONNECTED VIA COMMON, RELIABLE NETWORK. COMPUTERS ARE REGULARLY UPDATED WITH FASTER PROCESSOR SPEEDS. COMPUTER OPERATING AND MAINTENANCE COST FOR RESEARCH IS NEGLIGIBLE. PROPRIETARY MANAGEMENT SOFTWARE MONITORS AND CONTROLS COMPUTERS AND RESEARCH. DATASEAM CURRENTLY PROVIDES CPU POWER COMPARABLE TO UL AND UK, 80% OF THE COVID-19 AND CANCER DRUG DISCOVERY COMPUTING INFRASTRUCTURE.
THE DATASEAM IT REGISTERED APPRENTICESHIP IS A US DEPARTMENT OF LABOR APPROVED PROGRAM AND MANAGED LOCALLY BY THE KY EDUCATION AND WORKFORCE CABINET. DEVELOPED BY DATASEAM, THIS 2-YEAR COMPETENCY-BASED TRAINING REQUIRES COURSEWORK, ON-JOB TRAINING, AND MENTORING AS PART OF PAID EMPLOYEMENT. STUDENTS WORK IN DISTRICT TECHNOLOGY DEPARTMENTS AS PART OF MEANINGFUL HANDS-ON INSTRUCTION JUST LIKE THEY WOULD ANY SKILLED TRADE. AT THE END OF THE 3 PHASE PROGRAM, CANDIDATES WHO COMPLETE THE APPRENTICESHIP WILL EARN A US DOL IT SPECIALIST CERTIFICATION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Brian Gupton Member | 40 | $149,574 | |
Gena Mccubbins Operations D | Officer | 40 | $126,200 |
John Soward Employee | 40 | $103,833 | |
George Henry Hunt IV President | Officer | 40 | $74,858 |
Dean Hughes Member | Trustee | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $675,182 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $675,182 |
| Total Program Service Revenue | $32,225 |
| Investment income | $21,393 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $732,080 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $508,715 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $50,812 |
| Payroll taxes | $38,533 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,108 |
| Fees for services: Accounting | $18,555 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $54,147 |
| Advertising and promotion | $0 |
| Office expenses | $84,024 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,670 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $821,239 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $73,093 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,526 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $690,650 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $783,269 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $7,944 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $7,944 |
| Net assets without donor restrictions | $775,325 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $783,269 |
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