Northern Kentucky Education Council Inc
- Assets
- $123.0k
- Revenue
- $327.2k
- Investments
- $0.0
- Employees
- 5
- Location
- Florence, KY
- Founding
- 03/2006
- Data as of
- 06/2023
- EIN
- 20-3105862
Organization Overview
Northern Kentucky Education Council Inc is located in Florence, KY. The organization was established in 2006. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2023, Northern Kentucky Education Council Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northern Kentucky Education Council 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 06/2023, Northern Kentucky Education Council Inc generated $327.2k 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 (7.9%) each year. All expenses for the organization totaled $369.2k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (7.1%) 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
STRENGTHEN, UNITE, AND MOBILIZE EDUCATION, BUSINESS AND COMMUNITY PARTNERS IN NORTHERN KENTUCKY TO ADVANCE STUDENT SUCCESS AND WELLBEING FROM EARLY CHILDHOOD THROUGH POST-SECONDARY/CAREER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ONE TO ONETHIS IS A READING PROGRAM UNDER OUR REDUCE BARRIERS TO LEARNING GOAL. WE HAVE COACHES WHO VOLUNTEER, IN THE SCHOOLS, TO WORK ON READING SKILLS WITH ONE CHILD ONCE A WEEK. WE PROVIDE A KIT TO EACH COACH WITH GAMES AND TOOLS NEEDED FOR HELPING THE STUDENTS WITH READING. WE SERVE 13 DISTRICTS AND 32 SCHOOLS WITH THIS PROGRAM. OUR GOAL IS TO GROW THE PROGRAM AND SERVE POSSIBLY 500 STUDENTS IN OUR COMMUNITY. THE STUDENTS ARE NOT ONLY WORKING ON THEIR READING SKILLS BUT ALSO GAINING A FRIEND BY THE END OF THE SCHOOL YEAR. IN 2021 WE DROPPED FROM 150 COACHES TO 132 BECAUSE OF COVID-19. OUR COACHES ARE TYPICALLY RETIRED AND SOME WERE CONCERNED WITH GOING INTO THE SCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Randy Poe Executive Dir. | Officer | 40 | $73,683 |
Henry Webb Board Chair | OfficerTrustee | 1 | $0 |
Mike Borchers Vice Chair | OfficerTrustee | 1 | $0 |
Dr Dan Cahill Treasurer | OfficerTrustee | 1 | $0 |
Dr Fernando Figueroa Secretary | OfficerTrustee | 1 | $0 |
Durran Alexander Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $63,150 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $178,868 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $242,018 |
| Total Program Service Revenue | $85,210 |
| Investment income | $0 |
| 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 | $327,228 |
| 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. | $73,683 |
| Compensation of current officers, directors, key employees. | $73,683 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $160,076 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,093 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $100 |
| Fees for services: Accounting | $1,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $964 |
| Office expenses | $12,905 |
| Information technology | $4,436 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $3,600 |
| Conferences, conventions, and meetings | $8,285 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,707 |
| All other expenses | $0 |
| Total functional expenses | $369,230 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $122,989 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $122,989 |
| Accounts payable and accrued expenses | $14,086 |
| 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 | $2 |
| Total liabilities | $14,088 |
| Net assets without donor restrictions | $108,901 |
| 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 | $122,989 |