Kentucky Press Association Inc
- Assets
- $418.9k
- Revenue
- $373.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Frankfort, KY
- Founding
- 07/1945
- Data as of
- 12/2021
- EIN
- 61-0398870
Organization Overview
Kentucky Press Association Inc is located in Frankfort, KY. The organization was established in 1945. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kentucky Press Association Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Kentucky Press Association Inc generated $373.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $201.5k during the year ending 12/2021. 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
THE PURPOSE OF THIS CORPORATION IS TO PROMOTE THE INTERESTS OF ITS MEMBERS, THE NEWSPAPERS OF KENTUCKY; TO EXPAND THEIR FIELD OF ENDEAVOR; TO MAINTAIN A HIGH CODE OF EITHICS AMONG ALL JOURNALISTS; TO ENHANCE THE USEFULNESS OF THE NEWSPAPER INDUSTRY AND TO PROMOTE AND MAINTAIN A SPIRIT OF FRATERNAL REGARD AMONG ITS MEMBERS; AND TO DO ANY AND ALL THINGS NECESSARY TO CARRY OUT THE PURPOSES OF THIS ASSOCIATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KENTUCKY PRESS ASSOCIATION PROVIDES OPPORTUNITIES TO ENTER INTO A NEWS & ADVERTISING CONTESTS TO HELP EXPAND AND PROMOTE THE FUTURE OF KENTUCKY NEWSPAPERS. THESE CONTESTS ARE OPENED TO ALL KPA MEMBERS. THE NEWS CONTEST HAS UP TO 26 CATEGORIES THAT CAN BE JUDGED. FOR EXAMPLE, BEST COLUMN, BEST BREAKING NEWS STORY, BEST PHONE, BEST SPORTS PHOTO, ETC. THERE ARE 28 CATEGORIES FOR THE AD CONTEST THAT CAN BE JUDGED. FOR EXAMPLE BEST MEDICAL AD, BEST FINANCIAL AD, BEST USE OF COLOR, BEST AID SERIES, BEST DIGITAL AD SERIES, ETC.
KENTUCKY PRESS ASSOCIATION FREEDOM OF INFORMATION HOTLINE ALLOWS NEWSPAPERS TO HAVE ACCESS TO KPA'S GENERAL COUNSEL FIRM TO ANSWER QUESTIONS ABOUT OPEN MEETINGS, OPEN RECORDS, COURT CLOSURES, AND ADVERTISING LAWS. ADDITIONALLY KPA OFFERS LEGAL DEFENSE MONIES FOR ISSUES EFFECTING THE NEWSPAPER INDUSTRY. THIS PROGRAM DEFENDS A FUNDAMENTAL FREEDOM OF A FREE PRESS BENEFITING ALL CITIZENS.
KPA HAS A CONVENTION EACH YEAR IN JANUARY TO PROVIDE A LEARNING EXPERIENCE FOR NEWSPAPERS. THIS PROVIDES FORUMS FOR NETWORKING AND WORKSHOPS SCHEDULED FOR DIVISION INTEREST AND BREAKOUT SESSIONS FOR ADVERTISING, NEWS EDITORIAL AND AUDIENCE DEVELOPMENT AND CIRCULATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David T Thompson Executive Di | Trustee | 10 | $3,250 |
Sa List Of Officers Directors Officers | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $176,861 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $173,525 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $350,386 |
| Total Program Service Revenue | $18,696 |
| Investment income | $4,785 |
| 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 | $373,867 |
| 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 | $42,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $3,117 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $95 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,708 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $23,636 |
| Total functional expenses | $201,492 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $304,386 |
| 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 | $114,519 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $418,905 |
| Accounts payable and accrued expenses | $38,300 |
| Grants payable | $0 |
| Deferred revenue | $55,152 |
| 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 | $93,452 |
| Net assets without donor restrictions | -$55,818 |
| Net assets with donor restrictions | $381,271 |
| 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 | $418,905 |
Endowment Analysis
| Beg. Balance | $195,531 |
| Earnings | $15,542 |
| Net Contributions | $173,337 |
| Other Expense | $3,139 |
| Ending Balance | $381,271 |
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