Commonwealth Fund For Ket Inc

Organization Overview

Commonwealth Fund For Ket Inc is located in Lexington, KY. The organization was established in 1995. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is the central organization for a national or regional group of organizations. Commonwealth Fund For Ket 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, Commonwealth Fund For Ket Inc generated $8.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $6.4m during the year ending 06/2022. While expenses have increased by 4.4% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE FUND IS TO RECEIVE, HOLD, AND ADMINISTER FUNDS PROVIDED BY ITS FUNDRAISING ACTIVITIES FOR THE BENEFIT OF THE KENTUCKY AUTHORITY FOR EDUCATIONAL TELEVISION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION'S MISSION IS TO SUPPORT THE AUTHORITY FOR KENTUCKY EDUCATIONAL TELEVISION (KET), THE NATION'S LARGEST PUBLIC TELEVISION NETWORK. REACHING 7.3 MILLION HOME VIEWERS IN EIGHT STATES AND EVERY KENTUCKY SCHOOL, KET'S BROADCAST, ONLINE AND MOBILE SERVICES FEATURE ORIGINALLY PRODUCED DOCUMENTARIES, CULTURAL AND PUBLIC AFFAIRS PROGRAMS ABOUT KENTUCKY; THE NATIONAL PBS LINEUP; AND THE MOST-TRUSTED CHILDREN'S EDUCATIONAL CONTENT. BEYOND THE SCREEN, KET'S CRADLE-TO-CAREER INSTRUCTIONAL SERVICES INCLUDE EARLY CHILDHOOD TEACHING TOOLS AND CERTIFICATION, K-12 DIGITAL LEARNING RESOURCES AND PROFESSIONAL TRAINING FOR EDUCATORS, AND GED AND WORKFORCE DEVELOPMENT TOOLS USED NATIONWIDE. THE WEBSITE WWW.KET.ORG/MAKING-A-DIFFERENCE-ARCHIVES TELLS THE STORY OF THE TEACHERS, STUDENTS, FAMILIES AND COMMUNITIES IMPACTED BY KET'S PROGRAMS AND SERVICES.


THE ORGANIZATION'S MISSION IS TO SUPPORT THE AUTHORITY FOR KENTUCKY EDUCATIONAL TELEVISION (KET), THE NATION'S LARGEST PUBLIC TELEVISION NETWORK. REACHING 7.3 MILLION HOME VIEWERS IN EIGHT STATES AND EVERY KENTUCKY SCHOOL, KET'S BROADCAST, ONLINE AND MOBILE SERVICES FEATURE ORIGINALLY PRODUCED DOCUMENTARIES, CULTURAL AND PUBLIC AFFAIRS PROGRAMS ABOUT KENTUCKY; THE NATIONAL PBS LINEUP; AND THE MOST-TRUSTED CHILDREN'S EDUCATIONAL CONTENT. BEYOND THE SCREEN, KET'S CRADLE-TO-CAREER INSTRUCTIONAL SERVICES INCLUDE EARLY CHILDHOOD TEACHING TOOLS AND CERTIFICATION, K-12 DIGITAL LEARNING RESOURCES AND PROFESSIONAL TRAINING FOR EDUCATORS, AND GED AND WORKFORCE DEVELOPMENT TOOLS USED NATIONWIDE. THE WEBSITE WWW.KET.ORG/MAKING-A-DIFFERENCE-ARCHIVES TELLS THE STORY OF THE TEACHERS, STUDENTS, FAMILIES AND COMMUNITIES IMPACTED BY KET'S PROGRAMS AND SERVICES.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Ket Foundation Inc
Employee & Service Reimbursements
$1,160,345
Allegiance Fundraising Llc
Database Provider
$182,133
Forest Incentives
Premiums
$154,731
Southeast Printing & Mail Service
Direct Marketing Services
$140,362
Southeast Printing & Mail Service
Direct Marketing Services
$140,362
Ket Foundation Inc
Employee & Service Reimbursements
$1,160,345
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$310,274
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$6,877,355
Noncash contributions included in lines 1a–1f $270,564
Total Revenue from Contributions, Gifts, Grants & Similar$7,187,629
Total Program Service Revenue$0
Investment income $498,195
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,156,615
Net Income from Fundraising Events $27,275
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $8,912,254

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Commonwealth Fund For Ket Inc has recieved totaling $100.

Awarding OrganizationAmount
Isadore And Rose Goldstein Family Foundation Inc

Louisville, KY

PURPOSE: GENERAL OPERATING FUNDS

$100
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$11,133,747
Earnings-$1,094,652
Admin Expense$41,224
Net Contributions$66,509
Other Expense$489,000
Ending Balance$9,575,380

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