Kentucky Engineering Foundation Inc
- Assets
- $1.4m
- Revenue
- $278.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Frankfort, KY
- Founding
- 02/1981
- Data as of
- 06/2022
- EIN
- 31-0999048
Organization Overview
Kentucky Engineering Foundation Inc is located in Frankfort, KY. The organization was established in 1981. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kentucky Engineering Foundation 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 06/2022, Kentucky Engineering Foundation Inc generated $278.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $280.2k during the year ending 06/2022. 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
THE KENTUCKY ENGINEERING FOUNDATION GRANTS SCHOLARSHIPS, PROVIDES GUIDANCE AND ASSISTS WORTHY STUDENTS TO OBTAIN INSTRUCTION AND TRAINING IN ENGINEERING AND MATHEMATICS; INSTRUCTION OF THE PUBLIC AND THE DISSEMINATION OF ENGINEERING INFORMATION BENEFICIAL TO THE INTERESTED PUBLIC; CONDUCT AND SUPPORT OF PROGRAMS FOR EDUCATION IN ENGINEERING AND RELATED SUBJECTS. ACTIVITIES INCLUDE MATHCOUNTS, SCHOLARSHIPS, PARTNERING CONFERENCE AND FUND RAISING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE THE EDUCATION ISSUES OF THE ENGINEERING PROFESSION THROUGHOUT THE COMMONWEALTH OF KENTUCKY AS WELL AS KEEPING THOSE IN THE ENGINEERING FIELD UP TO DATE ON NEW TECHNOLOGIES AND PUBLIC SAFETY ISSUES AND CONCERNS THROUGH LEADERSHIP PE, CONVENTION, AND SEMINARS, ETC.
PROVIDE MATH & ROBITICS COMPETITION TO STUDENTS WHO MAJOR IN MATH OR ENGINEERING AND OTHER DESERVING STUDENTS MAJORING IN ENGINEERING IN HOPES OF FURTHERING INTEREST IN THE ENGINEERING PROFESSION FOR OUR YOUTH THAT SHOW INTEREST AND APPTITUDE FOR ENGINEERING.
AWARD SCHOLARSHIPS FOR COLLEGE FROM MATH COMPETITIONS FOR MIDDLE SCHOOL CHILDREN AND OTHER STUDENTS ENTERING THE ENGINEERING FIELD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tony Marconi President | OfficerTrustee | $0 | |
Mike Harris Treasurer | OfficerTrustee | $0 | |
Lee Czor Vice Preside | OfficerTrustee | $0 | |
Kristen Crumpton Secretary | OfficerTrustee | $0 | |
Russell Romine Executive Di | OfficerTrustee | 10 | $0 |
Lora Boller Kspe Preside | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $61,576 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $61,576 |
| Total Program Service Revenue | $167,320 |
| Investment income | $17,735 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $19,050 |
| Net Income from Fundraising Events | $12,819 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $278,500 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,680 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $378 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $30,174 |
| Total functional expenses | $280,191 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $290,191 |
| Savings and temporary cash investments | $40,156 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,027 |
| 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 | $1,096,605 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,427,979 |
| Accounts payable and accrued expenses | $55,100 |
| 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 | $55,100 |
| Net assets without donor restrictions | -$39,769 |
| Net assets with donor restrictions | $1,412,648 |
| 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 | $1,427,979 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Kentucky Engineering Foundation Inc has recieved totaling $15,500.
| Awarding Organization | Amount |
|---|---|
For Inspiration And Recognition Of Science And Technology First Manchester, NH PURPOSE: Program Support | $10,500 |
Dow Company Foundation Bay City, MI PURPOSE: COMMUNITY WELLBEING | $5,000 |
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|---|---|---|
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Marine Corps Scholarship Foundation Inc Alexandria, VA | $149,128,193 | $34,285,716 |
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