Kentucky School Boards Association Educational Foundation Inc
EIN: 611219695 · Frankfort, KY · NTEE: B94Z
| Metric | Value |
|---|---|
| Total Revenue | $638K |
| Total Expenses | $693K |
| Net Assets | $116K |
Is Kentucky School Boards Association Educational Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Kentucky School Boards Association Educational Foundation Inc
Kentucky School Boards Association Educational Foundation Inc (EIN: 611219695) is a nonprofit organization based in Frankfort, KY, classified under NTEE code B94Z. The organization reported total revenue of $638K and total assets of $291K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kentucky School Boards Association Educational Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kentucky School Boards Association Educational Foundation Inc is a small nonprofit that has been operating for 34 years, with 8 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of 22.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $718K |
| Total Expenses | $693K |
| Surplus / Deficit | +$25K |
| Total Assets | $317K |
| Total Liabilities | $201K |
| Net Assets | $116K |
| Operating Margin | 3.5% |
| Debt-to-Asset Ratio | 63.4% |
| Months of Reserves | 5.5 months |
Financial Health Grade: A
In 2023, Kentucky School Boards Association Educational Foundation Inc reported a surplus of $25K with revenue exceeding expenses, holds 5.5 months of operating reserves (adequate), has a debt-to-asset ratio of 63.4% (high leverage).
Financial Trends
Over 8 years of filings (2016–2023), Kentucky School Boards Association Educational Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 22.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +41.4% | +39.1% | +76.2% |
| 2022 | +90.8% | +110.8% | +5.8% |
| 2021 | -52.1% | -56.3% | -20.1% |
| 2020 | +18.3% | +19.5% | +167.1% |
| 2019 | +15.4% | +14.4% | -69.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Kentucky School Boards Association Educational Foundation Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Kentucky School Boards Association Educational Foundation Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $25K, with revenue exceeding expenses.
- Debt-to-asset ratio: 63.4%.
Frequently Asked Questions about Kentucky School Boards Association Educational Foundation Inc
Is Kentucky School Boards Association Educational Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Kentucky School Boards Association Educational Foundation Inc (EIN: 611219695) insufficient data. 0 red flags identified, 0 strengths noted.
How does Kentucky School Boards Association Educational Foundation Inc spend its money?
Detailed spending breakdown data is not yet available for Kentucky School Boards Association Educational Foundation Inc. Check back for updated IRS 990 analysis.
Are donations to Kentucky School Boards Association Educational Foundation Inc tax-deductible?
Kentucky School Boards Association Educational Foundation Inc is registered as a tax-exempt nonprofit (EIN: 611219695). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Kentucky School Boards Association Educational Foundation Inc located?
Kentucky School Boards Association Educational Foundation Inc is headquartered in Frankfort, Kentucky and files with the IRS under EIN 611219695. It is classified under NTEE code B94Z.
How many years of IRS 990 filings does Kentucky School Boards Association Educational Foundation Inc have?
Kentucky School Boards Association Educational Foundation Inc has 8 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $638K in total revenue.
Filing History
IRS 990 filing history for Kentucky School Boards Association Educational Foundation Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), Kentucky School Boards Association Educational Foundation Inc's revenue has grown by 303%, moving from $178K to $718K. Total assets increased by 559.9% over the same period, from $48K to $317K. Total functional expenses rose by 294.4%, from $176K to $693K. In its most recent filing year (2023), Kentucky School Boards Association Educational Foundation Inc reported a surplus of $25K, with revenue exceeding expenses. The organization holds $201K in liabilities against $317K in assets (debt-to-asset ratio: 63.4%), resulting in net assets of $116K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $718K | $693K | $317K | $201K | — | View 990 |
| 2022 | $508K | $498K | $180K | $89K | — | View 990 |
| 2021 | $266K | $236K | $170K | $88K | — | View 990 |
| 2020 | $555K | $540K | $213K | $161K | — | View 990 |
| 2019 | $469K | $452K | $80K | $43K | — | View 990 |
| 2018 | $407K | $395K | $265K | $245K | — | View 990 |
| 2017 | $109K | $107K | $39K | $31K | — | View 990 |
| 2016 | $178K | $176K | $48K | $42K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $718K, expenses of $693K, and assets of $317K (revenue +41.4% year-over-year).
- 2022: Revenue of $508K, expenses of $498K, and assets of $180K (revenue +90.8% year-over-year).
- 2021: Revenue of $266K, expenses of $236K, and assets of $170K (revenue -52.1% year-over-year).
- 2020: Revenue of $555K, expenses of $540K, and assets of $213K (revenue +18.3% year-over-year).
- 2019: Revenue of $469K, expenses of $452K, and assets of $80K (revenue +15.4% year-over-year).
- 2018: Revenue of $407K, expenses of $395K, and assets of $265K (revenue +271.8% year-over-year).
- 2017: Revenue of $109K, expenses of $107K, and assets of $39K (revenue -38.6% year-over-year).
- 2016: Revenue of $178K, expenses of $176K, and assets of $48K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kentucky School Boards Association Educational Foundation Inc:
Data Sources and Methodology
This transparency report for Kentucky School Boards Association Educational Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.