Kentucky Nonprofit Network
- Assets
- $240.1k
- Revenue
- $457.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Lexington, KY
- Founding
- 01/2013
- Data as of
- 12/2021
- EIN
- 46-0963142
Organization Overview
Kentucky Nonprofit Network is located in Lexington, KY. The organization was established in 2013. According to its NTEE Classification (B90) the organization is classified as: Educational Services, 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 Nonprofit Network 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 Nonprofit Network generated $457.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $378.1k during the year ending 12/2021. While expenses have increased by 4.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
KENTUCKY NONPROFIT NETWORK, INC. EXISTS TO SERVE, STRENGTHEN AND ADVANCE KENTUCKY'S NONPROFIT ORGANIZATIONS WORKING TO IMPROVE THE QUALITY OF LIFE IN OUR COMMONWEALTH.
Describe the Organization's Program Activity:
EDUCATIONKNN PROVIDES NONPROFIT EXECUTIVES, BOARD MEMBERS, STAFF AND VOLUNTEERS WITH ACCESS TO HIGH QUALITY, AFFORDABLE EDUCATIONAL OPPORTUNITIES. THE ANNUAL KENTUCKY NONPROFIT LEADERSHIP FORUM IS THE STATEWIDE CONVENING OF LEADERS IN KENTUCKY AND CONTINUES TO GROW EACH YEAR, PROVIDING THE LATEST TOOLS AND INFORMATION. ADDITIONAL EDUCATIONAL SEMINARS, WORKSHOPS, WEBINARS AND TECHNICAL ASSISTANCE ACTIVITIES FOCUSING ON NONPROFIT MANAGEMENT BEST PRACTICES AND CAPACITY BUILDING ARE ALSO PROVIDED EACH YEAR TO ASSIST NONPROFIT LEADERS WITH THEIR PROFESSIONAL AND ORGANIZATIONAL DEVELOPMENT NEEDS.
MEMBERSHIP AND OUTREACHKNN IS A TRUSTED RESOURCE FOR KENTUCKY'S NONPROFIT COMMUNITY. TO ACHIEVE OUR MISSION OF SERVING, STRENGTHENING AND ADVANCING KENTUCKY'S NONPROFITS, KNN IS THE CENTRAL STATEWIDE RESOURCE FOR SHARING TOOLS AND KNOWLEDGE; COMMUNICATING WITH NONPROFITS ON MANAGEMENT BEST PRACTICES; PROVIDING ACCESS TO MEMBER BENEFITS AND MOBILIZING NONPROFITS TO ACHIEVE GREATER IMPACT IN THEIR COMMUNITIES.
KENTUCKY GIVES DAYKNN HOSTS THE ANNUAL KENTUCKY GIVES DAY, A 24 HOUR ONLINE FUNDRAISING EVENT PROVIDING KENTUCKY'S NONPROFITS WITH AN OPPORTUNITY TO GENERATE NEW AND ADDITIONAL DOLLARS FOR THEIR MISSIONS VIA ONLINE GIVING. OUR EFFORTS TO HOST KENTUCKY GIVES DAY ALSO PROVIDES NONPROFITS WITH TECHNICAL ASSISTANCE IN IMPLEMENTING ONLINE FUNDRAISING AND SOCIAL MEDIA STRATEGIES. KENTUCKY GIVES DAY IS A SUCCESSFUL EFFORT FOR NONPROFITS PARTICULARLY IN SOME OF KENTUCKY'S MOST RURAL COMMUNITIES AND EFFECTIVELY ENCOURAGES PHILANTHROPY ACROSS KENTUCKY. KENTUCKY GIVES DAY EXPENSES ARE SUPPORTED BY SPONSORSHIPS INCLUDED IN DONATION INCOME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Danielle Clore Executive Director | Trustee | 40 | $109,041 |
Florence Tandy Vice Chair | Officer | 1 | $0 |
Sarah Razor Chair | Officer | 1 | $0 |
Judy Simpson Treasurer | Officer | 1 | $0 |
Russell Harper Secretary | Officer | 1 | $0 |
Lori Flanery Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $81,623 |
| All other contributions, gifts, grants, and similar amounts not included above | $173,676 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $255,299 |
| Total Program Service Revenue | $181,096 |
| Investment income | $104 |
| 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 | $457,278 |
| 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. | $109,040 |
| Compensation of current officers, directors, key employees. | $43,616 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $81,150 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $19,446 |
| Payroll taxes | $14,571 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,650 |
| Fees for services: Lobbying | $37,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $39,263 |
| Advertising and promotion | $0 |
| Office expenses | $13,328 |
| Information technology | $12,137 |
| Royalties | $0 |
| Occupancy | $14,400 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,419 |
| Interest | $523 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,192 |
| Insurance | $5,543 |
| All other expenses | $1,000 |
| Total functional expenses | $378,096 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $236,192 |
| 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 | $3,877 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $240,069 |
| Accounts payable and accrued expenses | $4,270 |
| 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 | $99,900 |
| Total liabilities | $104,170 |
| Net assets without donor restrictions | $135,899 |
| 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 | $240,069 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Kentucky Nonprofit Network has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Marilyn And William Young Charitable Foundation Inc Owensboro, KY PURPOSE: ASSOCIATION SUPPORT | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chicago Cook Workforce Partnership Chicago, IL | $32,171,643 | $83,286,997 |
Graduate Management Admission Council Reston, VA | $230,212,828 | $77,127,681 |
Project Lead The Way Inc Indianapolis, IN | $104,347,608 | $65,462,690 |
Summit Academy Management Akron, OH | $25,217,091 | $45,520,259 |
Ohio Connections Academy Inc Mason, OH | $14,548,496 | $44,580,487 |
Common Application Inc Arlington, VA | $52,971,416 | $52,316,500 |
Longwood University Real Estate Foundation Farmville, VA | $322,438,396 | $31,911,007 |
Aspira Inc Of Illinois Chicago, IL | $37,783,687 | $23,094,089 |
Lighthouse Academies Of Northwest Indiana Inc Gary, IN | $25,011,234 | $24,142,982 |
Camc Health Education And Research Institute Inc Charleston, WV | $10,132,150 | $15,955,209 |
Childrens Center For Developmental Enrichment Westerville, OH | $12,309,399 | $12,926,419 |
National Association For College Admission Counseling Inc Arlington, VA | $22,607,858 | $9,863,408 |