Kentucky Dataseam Initiative Inc
- Assets
- $1.5m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 4
- Location
- Louisville, KY
- Founding
- 10/2005
- Data as of
- 12/2022
- 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 12/2022, Kentucky Dataseam Initiative Inc employed 4 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 12/2022, Kentucky Dataseam Initiative Inc generated $1.8m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $994.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (10.4%) per year over the past 8 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
2022
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
DATASEAM DEVELOPED AND MANAGES A US DEPARTMENT OF LABOR-APPROVED REGISTERED APPRENTICESHIP IN INFORMATION TECHNOLOGY WITH LOCAL GOVERNANCE BY THE KENTUCKY EDUCATION AND LABOR CABINET, THIS 2-YEAR COMPENTENCY BASED- TRAINING REQUIRES COURSEWORK, ON-JOB TRAINING, AND MENTORING AS PART OF PAID EMPLOYMENT. APPRENTICESHIP CANDIDATES WORK FOR THEIR RESIDING DISTRICT IT DEPARTMENTS, RECEIVING HANDS-ON INSTRUCTION THAT PROVIDES CONTEXT FOR COURSEWORK. AT THE END OF THE 3-PHASE PROGRAM, COMPLETERS SHOWING THE REQUISITE SKILLS AND COMPETENCIES EARN A INFORMATION TECHNOLOGY SUPPORT SPECIALIST CERTIFICATE FROM USDOL DOL
DATASEAM PROVIDES INDUSTRY-STANDARD INFORMATION TECHNOLOGY CERTIFICATION FOR INCUMBENT WORKERS SUPPORTING DATASEAM ASSETS IN KENTUCKY K-12 SCHOOLS. THIS UPSKILLING OF THE STATE WORKFORCE IS PART OF GROWING THESE SECTORS IN THE STATE OVERALL BUT SPECIFICALLY FOR PUBLIC EDUCATION, WHICH IS THE PREDOMINANT EMPLOYER IN MOST COUNTIES DATASEAM SERVES. THIS TRAINING ALLOWS PARTICIPANTS TO MAINTAIN AND/OR SEEK INCREASED EMPLOYMENT. TO DATE, KENTUCKY PER CAPITA HAS THE LARGEST NUMBER OF CERTIFIED SYSTEMS ENGINEERS FOR THE APPLE PLATFORM IN THE UNITED STATES.
DATASEAM PROVIDES COMPUTERS TO PARTICIPATING KENTUCKY K-12 SCHOOLS AS PART OF WORKFORCE DEVELOPMENT INITIATIVES. THESE COMPUTERS ARE AGGREGATED INTO A STATEWIDE NETWORK TO CREATE THE DATASEAMGRID, PROVIDING HIGH-PERFORMANCE CLOUD COMPUTING TO HELP FACILITATE THE INNOVATION AND COMMERCIALIZATION OF CANCER THERAPEUTICS FOR THE UNIVERSITY OF LOUISVILLES BROWN CANCER CENTER. THIS CAPACITY HAS HISTORICALLY REDUCED THE COST AND TIME TO DISCOVERY FOR THE RESEARCH TEAMS AS WELL AS PROVIDE THE COMMONWEALTH AN INFRASTRUCTURE ADVANTAGE IN THE PURSUIT OF ADDITIONAL FEDERAL RESEARCH FUNDING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Brian Gupton CEO | OfficerTrustee | 40 | $165,500 |
Gena Mccubbins COO | Officer | 40 | $126,200 |
John Soward Program Mana | 40 | $115,500 | |
Dean Hughes Board Member | Trustee | 5 | $0 |
G Henry Hunt IV Board Chair | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,628,696 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,911 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,638,607 |
| Total Program Service Revenue | $169,000 |
| Investment income | $19,311 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,831 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,828,749 |
| 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. | $291,700 |
| Compensation of current officers, directors, key employees. | $59,419 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $180,500 |
| Pension plan accruals and contributions | $70,828 |
| Other employee benefits | $22,000 |
| Payroll taxes | $35,279 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,485 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $81,815 |
| Advertising and promotion | $0 |
| Office expenses | $43,439 |
| Information technology | $13,935 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $27,241 |
| 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 | $2,948 |
| Total functional expenses | $994,740 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $866,017 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $31,526 |
| 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 | $612,759 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,510,302 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $1,510,302 |
| 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 | $1,510,302 |