Kentucky Cooperation Tr Lecet
- Assets
- $1.8m
- Revenue
- $712.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Lawrenceburg, KY
- Founding
- 09/1993
- Data as of
- 12/2022
- EIN
- 62-1520871
Organization Overview
Kentucky Cooperation Tr Lecet is located in Lawrenceburg, KY. The organization was established in 1993. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 12/2022, Kentucky Cooperation Tr Lecet employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kentucky Cooperation Tr Lecet is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2022, Kentucky Cooperation Tr Lecet generated $712.2k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $482.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.5%) per year over the past 4 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS CHARTERED TO PROVIDE FOR THE WELL BEING OF IT'S MEMBERS THROUGH COLLECTIVE BARGINING, CONTRACT ADMINISTRATION, ORGANIZING AND PROMOTING BETTER WORKING WAGES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS CHARTERED TO PROVIDE FOR THE WELL BEING OF IT'S MEMBERS THROUGH COLLECTIVE BARGINING, CONTRACT ADMINISTRATION, ORGANIZING AND PROMOTING BETTER WORKING WAGES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Akin Executive Dir. | Officer | 40 | $117,323 |
Angie Herzog Office Manager | 40 | $67,236 | |
Perry Blades Chairman | Trustee | 1 | $0 |
Cornelius Cotton Sr Trustee | Trustee | 1 | $0 |
Jeremy Jenkins Trustee | Trustee | 1 | $0 |
Nick Oney Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $632,145 |
| 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 | $632,145 |
| Total Program Service Revenue | $0 |
| Investment income | $75,261 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,746 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $712,152 |
| 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. | $184,559 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $108,868 |
| Other employee benefits | $24,742 |
| Payroll taxes | $14,428 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,604 |
| Fees for services: Accounting | $12,708 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,219 |
| Fees for services: Other | $4,485 |
| Advertising and promotion | $0 |
| Office expenses | $9,637 |
| Information technology | $6,939 |
| Royalties | $0 |
| Occupancy | $13,785 |
| Travel | $14,617 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,881 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,586 |
| Insurance | $17,376 |
| All other expenses | $3,308 |
| Total functional expenses | $482,662 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $210,405 |
| Savings and temporary cash investments | $16,941 |
| 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 | $25,154 |
| Investments—publicly traded securities | $1,526,203 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1 |
| Total assets | $1,778,704 |
| Accounts payable and accrued expenses | $0 |
| 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 | $1,111 |
| Total liabilities | $1,111 |
| Net assets without donor restrictions | $1,777,593 |
| 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 | $1,778,704 |