Kentucky Center For Economic Policy Inc
- Assets
- $2.3m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Berea, KY
- Founding
- Data as of
- 06/2023
- EIN
- 84-4979582
Organization Overview
Kentucky Center For Economic Policy Inc is located in Berea, KY. According to its NTEE Classification (W05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kentucky Center For Economic Policy 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 Center For Economic Policy Inc generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (22.2%) each year. All expenses for the organization totaled $967.9k 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
TO IMPROVE THE QUALITY OF LIFE FOR ALL KENTUCKIANS THROUGH RESEARCH, EDUCATION AND ADVOCACY ON IMPORTANT POLICY ISSUES FACING THE COMMONWEALTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KYPOLICY PROMOTES SOUND AND EQUITABLE BUDGET, TAX AND FISCAL POLICIES THAT RESULT IN ADEQUATE INVESTMENT, A FAIR TAX SYSTEM AND ACCOUNTABLE AND TRANSPARENT PUBLIC SPENDING. WE ARE REGULARLY CITED BY MAJOR NEWS SOURCES FOR OUR TIMELY RESEARCH AND ANALYSIS OF FISCAL ISSUES, AND LEAD THE KENTUCKY TOGETHER COALITION AND OTHER CAMPAIGNS FOR AN IMPROVED STATE BUDGET. KYPOLICY'S BUDGET AND TAX WORK SEEKS TO BUILD THRIVING COMMUNITIES AND ALLEVIATE POVERTY AND INEQUALITY.
KYPOLICY ADVANCES POLICIES THAT IMPROVE ECONOMIC SECURITY INCLUDING THROUGH ACCESS TO NUTRITION, HEALTH CARE, INCOME SUPPORTS, LABOR STANDARDS AND A SAFETY NET. WE PRODUCE TIMELY RESEARCH AND ANALYSIS OF KEY ECONOMIC SECURITY ISSUES, PROMOTE PUBLIC EDUCATION AND UNDERSTANDING, AND ADVOCATE FOR POLICY CHOICES THAT ALLEVIATE ECONOMIC HARDSHIP. KYPOLICY PARTNERS CLOSELY WITH A RANGE OF ORGANIZATIONS INCLUDING THROUGH THE THRIVEKY COALITION AND THE KENTUCKY FOOD ACTION NETWORK.
KYPOLICY PROMOTES POLICIES THAT CREATE A FAIR JUSTICE SYSTEM INCLUDING BY REDUCING MASS INCARCERATION AND ITS RESULTING ECONOMIC AND RACIAL INEQUITIES. WE TRACK AND ANALYZE CRIMINAL JUSTICE POLICY CHOICES AND WORK WITH PARTNERS TO IDENTIFY AND ADVANCE REFORMS. KYPOLICY IS A MEMBER OF KENTUCKY SMART ON CRIME, A DIVERSE COALITION SEEKING IMPROVEMENTS TO KENTUCKY'S JUSTICE SYSTEM.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Bailey Executive Di | Officer | $0 | |
Jennifer Bird-Pollan Chairperson | OfficerTrustee | 2 | $0 |
Caitlin Blair Director | Trustee | 2 | $0 |
Eddie Campbell Director | Trustee | 2 | $0 |
Cherie Dawson-Edwards Director | Trustee | 2 | $0 |
Jamie Lucke Secretary/tr | OfficerTrustee | 2 | $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 | $1,156,849 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,156,849 |
| Total Program Service Revenue | $0 |
| Investment income | $5,144 |
| 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 | $1,174,904 |
| 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. | $95,016 |
| Compensation of current officers, directors, key employees. | $8,551 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $503,830 |
| Pension plan accruals and contributions | $29,943 |
| Other employee benefits | $98,432 |
| Payroll taxes | $47,118 |
| Fees for services: Management | $0 |
| 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 | $74,897 |
| Advertising and promotion | $0 |
| Office expenses | $4,469 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,445 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26,665 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $1,802 |
| Total functional expenses | $967,901 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,958,806 |
| Pledges and grants receivable | $375,000 |
| Accounts receivable, net | $1,152 |
| 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 | $4,984 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,339,942 |
| Accounts payable and accrued expenses | $150,611 |
| 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 | $150,611 |
| Net assets without donor restrictions | $838,211 |
| Net assets with donor restrictions | $1,351,120 |
| 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 | $2,339,942 |
Grants Awarded
Over the last fiscal year, Kentucky Center For Economic Policy Inc has awarded $50,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
KENTUCKY EQUAL JUSTICE CENTER PURPOSE: SAFETY NET INITIATIV | $25,000 |
KENTUCKY VOICES FOR HEALTH INC PURPOSE: SAFETY NET INITIATIV | $25,000 |