Kentucky Educational Television Foundation Inc
- Assets
- $11.5m
- Revenue
- $10.6m
- Investments
- $0.0
- Employees
- 110
- Location
- Lexington, KY
- Founding
- 06/1972
- Data as of
- 06/2023
- EIN
- 61-0722558
Organization Overview
Kentucky Educational Television Foundation Inc is located in Lexington, KY. The organization was established in 1972. According to its NTEE Classification (A32) the organization is classified as: Television, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, Kentucky Educational Television Foundation Inc employed 110 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kentucky Educational Television 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 06/2023, Kentucky Educational Television Foundation Inc generated $10.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $7.8m during the year ending 06/2023. 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
EDUCATE, INSPIRE, INFORM, AND CONNECT KENTUCKY CITIZENS THROUGH THE USE OF PUBLIC MEDIA
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACQUISITION AND PRODUCTION OF INSTRUCTIONAL RESOURCES FOR GRADES P-12 - KET SERVICES AND RESOURCES ARE USED IN PUBLIC AND NONPUBLIC SCHOOLS, AS WELL AS BY PARENTS, COMMUNITY GROUPS AND OTHER ORGANIZATIONS OUTSIDE OF FORMAL EDUCATIONAL SETTINGS. THIS PROGRAM SERVICE SUPPORTS THE PRODUCTION OF ONLINE DIGITAL RESOURCES, WORKSHOPS FOR STUDENTS, TEACHERS AND PARENTS, AND PROFESSIONAL DEVELOPMENT FOR TEACHERS.
PRODUCTION OF MISCELLANEOUS EDUCATION PROGRAMS
PRODUCTION OF ADULT AND CONTINUING EDUCATION - KET PROVIDES COURSES AND SUPPORT FOR ADULTS WHO ARE PREPARING TO TAKE THE GED TEST, NEED PRE-GED LEVEL INSTRUCTION, OR WANT TO IMPROVE THEIR WORKPLACE SKILLS. KET HAS CREATED AN INNOVATIVE ONLINE LEARNING SYSTEM WHICH IS CURRENTLY USED BY INDEPENDENT LEARNERS AND IN ADULT EDUCATION CENTERS ACROSS THE STATE.
ACQUISITION AND PRODUCTION OF PROGRAMMING - KET PRODUCES, ACQUIRES, AND DISTRIBUTES HIGH-QUALITY, INNOVATIVE, EDUCATIONAL, LOCAL, AND NATIONAL CONTENT ON MULTIPLE PLATFORMS. CONTENT INCLUDES NATIONAL PROGRAMMING FROM PBS, PUBLIC AFFAIRS PROGRAMS FOCUSED ON LOCAL ISSUES AND CONCERNS, CULTURAL AFFAIRS PROGRAMS THAT CELEBRATE KENTUCKY'S RICH HISTORY AND UNIQUE CULTURE, AND 400 HOURS OF LIVE STATE LEGISLATIVE COVERAGE EACH YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Griffith Director | Trustee | 1 | $200 |
Leah Mccormick Adkins Director | Trustee | 1 | $150 |
Robert Bob M Beck Director | Trustee | 1 | $0 |
David Couch Director | Trustee | 1 | $0 |
Jason E Glass Director | Trustee | 1 | $0 |
Karyn Hoover Director | Trustee | 1 | $100 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Nielsen Company Audience Research | 6/29/23 | $116,962 |
Picture Window Productions Llc Producer For Grant | 6/29/23 | $200,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $4,467,478 |
| Government grants | $5,169,103 |
| All other contributions, gifts, grants, and similar amounts not included above | $211,800 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,848,381 |
| Total Program Service Revenue | $678,200 |
| Investment income | $65,433 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $361 |
| 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 | $12,038 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,632,941 |
| 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. | $291,008 |
| Compensation of current officers, directors, key employees. | $291,008 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,470,459 |
| Pension plan accruals and contributions | -$3,698,022 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $110,775 |
| Fees for services: Accounting | $26,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $126,887 |
| Advertising and promotion | $107,176 |
| Office expenses | $26,953 |
| Information technology | $254,495 |
| Royalties | $20,804 |
| Occupancy | $37,374 |
| Travel | $198,317 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $72,390 |
| Interest | $8,809 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $222,442 |
| Insurance | $118,098 |
| All other expenses | $632,643 |
| Total functional expenses | $7,801,003 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,953,909 |
| Savings and temporary cash investments | $5,008,296 |
| Pledges and grants receivable | $397,260 |
| Accounts receivable, net | $206,759 |
| 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 | $142,977 |
| Net Land, buildings, and equipment | $233,005 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,584,402 |
| Total assets | $11,526,608 |
| Accounts payable and accrued expenses | $312,705 |
| Grants payable | $0 |
| Deferred revenue | $2,038,383 |
| 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 | $15,527,865 |
| Total liabilities | $17,878,953 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | -$8,022,030 |
| Paid-in or capital surplus, or land, building, or equipment fund | $417,140 |
| Retained earnings, endowment, accumulated income, or other funds | $1,252,545 |
| Total liabilities and net assets/fund balances | $11,526,608 |