Rural Educational Association Of Kentucky
- Assets
- $7.0m
- Revenue
- -$755.9k
- Investments
- $0.0
- Employees
- 1
- Location
- Springboro, OH
- Founding
- 05/1938
- Data as of
- 09/2021
- EIN
- 61-0447252
Organization Overview
Rural Educational Association Of Kentucky is located in Springboro, OH. The organization was established in 1938. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rural Educational Association Of Kentucky is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2020, Rural Educational Association Of Kentucky has awarded 19 individual grants totaling $272,500. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE RURAL EDUCATIONAL ASSOCIATION OF KY OWNED A NURSING FACILITY BUILDING AND EQUIPMENT WHICH WAS LEASED TO A NON-RELATED ORGANIZATION TO MANAGE THE OPERATIONS OF THE NURSING FACILITY. THE ASSOCIATION ALSO PROVIDES SCHOLARSHIP FUNDS TO WORTHY STUDENTS AT VARIOUS NON-PROFIT EDUCATIONAL ACADEMIES. THE ASSOCIATION IS NOW PLANNING TO SUPPORT THE DEVELOPMENT AND OPERATION OF A LIFE PLAN COMMUNITY TO INCLUDE INDEPENDENT LIVING, PERSONAL CARE, AND RELATED PROGRAMS TO SERVE SENIOR CITIZENS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE RURAL EDUCATIONAL ASSOCIATION OF KENTUCKY IS A PHILANTHROPIC ORGANIZATION SHARING CHRIST TO PEOPLE BY MAXIMIZING THE STEWARDSHIP AND ALLOCATION OF OUR RESOURCES TO FUND EDUCATION AND MINISTRY PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Edens President | OfficerTrustee | 30 | $80,440 |
Tom Clark Vice President | OfficerTrustee | 1 | $0 |
Danny Dubosque Secretary | OfficerTrustee | 1 | $0 |
Michael Rabuka Treasurer | OfficerTrustee | 1 | $0 |
Joe Butterfield Director | Trustee | 1 | $0 |
Lee Hall Director | Trustee | 1 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $131,000 |
| Investment income | $538,978 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,425,837 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$755,859 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $39,327 |
| 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 | $4,605 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $315 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $81,947 |
| Fees for services: Accounting | $3,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,120 |
| Advertising and promotion | $0 |
| Office expenses | $3,072 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $107,460 |
| Travel | $4,734 |
| 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 | $91,392 |
| Insurance | $3,013 |
| All other expenses | $1,097 |
| Total functional expenses | $377,004 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,279 |
| Savings and temporary cash investments | $610,203 |
| 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 | $2,338,495 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,788 |
| Net Land, buildings, and equipment | $356,285 |
| Investments—publicly traded securities | $3,605,858 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $73,593 |
| Total assets | $6,997,501 |
| Accounts payable and accrued expenses | $299 |
| 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 | $299 |
| Net assets without donor restrictions | $6,997,202 |
| 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 | $6,997,501 |
Grants Awarded
Over the last fiscal year, Rural Educational Association Of Kentucky has awarded $32,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Portland, TN PURPOSE: WORTHY STUDENT FUND | $10,000 |
Louisville, KY PURPOSE: WORTHY STUDENT FUND | $10,000 |
MIDDLETOWN SDA CHURCH PURPOSE: WORHTY STUDENT FUND | $7,000 |
LAGRANGE SDA CHURCH PURPOSE: WORTHY STUDENT FUND | $5,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Keystone Rural Health Center Chambersburg, PA | $105,417,846 | $89,865,768 |
Valley Health Systems Inc Huntington, WV | $90,937,429 | $66,614,600 |
Alcona Citizens For Health Inc Alpena, MI | $28,434,044 | $47,746,050 |
Shenandoah Valley Medical System Inc Martinsburg, WV | $20,160,961 | $29,441,472 |
Grant Medical Center Inc Milton, WV | $14,264,247 | $33,165,986 |
Thunder Bay Community Health Service Inc Hillman, MI | $16,795,409 | $28,303,437 |
Midmichigan Health Services Houghton Lake, MI | $14,679,039 | $20,215,598 |
Wirt County Health Services Association Inc Elizabeth, WV | $26,038,345 | $19,270,065 |
Michigan Center For Rural Health East Lansing, MI | $1,118,649 | $15,241,971 |
East Jordan Family Health Center East Jordan, MI | $14,413,893 | $15,381,761 |
Belington Community Medical Services Association Belington, WV | $10,460,727 | $13,085,465 |
Bluestone Health Association Inc Princeton, WV | $18,723,042 | $16,200,810 |