Southcentral Kentucky Community & Technical College Foundation Inc
Southcentral Kentucky Community & Technical College Foundation Inc shows strong financial growth and zero officer compensation.
EIN: 20738080 · Bowling Green, KY · NTEE: B11 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.3M |
| Total Expenses | $927K |
| Program Spending | 90% |
| Net Assets | $2.2M |
| Transparency Score | 95/100 |
Is Southcentral Kentucky Community & Technical College Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Southcentral Kentucky Community & Technical College Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Southcentral Kentucky Community & Technical College Foundation Inc
Southcentral Kentucky Community & Technical College Foundation Inc (EIN: 20738080) is a nonprofit organization based in Bowling Green, KY, classified under NTEE code B11. The organization reported total revenue of $2.3M and total assets of $3.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Southcentral Kentucky Community & Technical College Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Southcentral Kentucky Community & Technical College Foundation Inc is a mid-size nonprofit that has been operating for 20 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 28.4%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $927K |
| Surplus / Deficit | +$415K |
| Total Assets | $2.2M |
| Net Assets | $2.2M |
| Operating Margin | 30.9% |
| Months of Reserves | 28.3 months |
Financial Health Grade: A
In 2024, Southcentral Kentucky Community & Technical College Foundation Inc reported a surplus of $415K with revenue exceeding expenses, holds 28.3 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2011–2024), Southcentral Kentucky Community & Technical College Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 28.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +14.5% | +5.1% | +37.1% |
| 2023 | +123.8% | +27.1% | +31.6% |
| 2022 | -10.7% | +96.9% | -17.4% |
| 2021 | +36.6% | +83.3% | +33.0% |
| 2020 | +45.6% | +2.2% | +28.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Southcentral Kentucky Community & Technical College Foundation Inc with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Southcentral Kentucky Community & Technical College Foundation Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $415K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either volunteer-based or compensated through other means not categorized as officer compensation, which is highly favorable for resource allocation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Southcentral Kentucky Community & Technical College Foundation Inc:
- Consistent and significant revenue growth (from $189,584 in 2015 to $1,341,911 in 2024).
- Strong asset growth (from $505,862 in 2015 to $2,183,613 in 2024).
- Zero officer compensation reported across all filings, indicating efficient use of funds.
- No reported liabilities in recent years (2017-2024), demonstrating financial stability.
- Positive net income in most years, contributing to asset accumulation.
Frequently Asked Questions about Southcentral Kentucky Community & Technical College Foundation Inc
Is Southcentral Kentucky Community & Technical College Foundation Inc a legitimate charity?
Southcentral Kentucky Community & Technical College Foundation Inc (EIN: 20738080) is a registered tax-exempt nonprofit based in Kentucky. Our AI analysis gives it a Mission Score of 95/100. It has 14 years of IRS 990 filings on record. Total revenue: $2.3M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Southcentral Kentucky Community & Technical College Foundation Inc spend its money?
Southcentral Kentucky Community & Technical College Foundation Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Southcentral Kentucky Community & Technical College Foundation Inc tax-deductible?
Southcentral Kentucky Community & Technical College Foundation Inc is registered as a tax-exempt nonprofit (EIN: 20738080). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Southcentral Kentucky Community & Technical College Foundation Inc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Southcentral Kentucky Community & Technical College Foundation Inc is above average for NTEE category B11 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Southcentral Kentucky Community & Technical College Foundation Inc located?
Southcentral Kentucky Community & Technical College Foundation Inc is headquartered in Bowling Green, Kentucky and files with the IRS under EIN 20738080. It is classified under NTEE code B11.
How many years of IRS 990 filings does Southcentral Kentucky Community & Technical College Foundation Inc have?
Southcentral Kentucky Community & Technical College Foundation Inc has 14 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 $2.3M in total revenue.
Is Southcentral Kentucky Community & Technical College Foundation Inc a good charity?
Based on the provided data, the foundation appears to be a very good charity. It demonstrates strong financial growth, maintains zero officer compensation, and has no reported liabilities in recent years, all indicating efficient use of funds and sound financial management.
How has the foundation's revenue grown over time?
The foundation has experienced significant revenue growth, increasing from $189,584 in 2015 to $1,341,911 in 2024, representing a substantial increase over the decade.
What is the trend in the foundation's assets?
The foundation's assets have consistently grown, from $505,862 in 2015 to $2,183,613 in 2024, indicating successful asset accumulation and investment.
Does the foundation have any liabilities?
For the periods 2017 through 2024, the foundation reported $0 in liabilities, indicating a very strong and stable financial position.
Filing History
IRS 990 filing history for Southcentral Kentucky Community & Technical College Foundation Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Southcentral Kentucky Community & Technical College Foundation Inc's revenue has grown by 2480.5%, moving from $52K to $1.3M. Total assets increased by 353.9% over the same period, from $481K to $2.2M. Total functional expenses rose by 1079.2%, from $79K to $927K. In its most recent filing year (2024), Southcentral Kentucky Community & Technical College Foundation Inc reported a surplus of $415K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $1.3M | $927K | $2.2M | $0 | — | View 990 |
| 2023 | $1.2M | $882K | $1.6M | $0 | — | View 990 |
| 2022 | $523K | $694K | $1.2M | $0 | — | View 990 |
| 2021 | $586K | $352K | $1.5M | $0 | — | — |
| 2020 | $429K | $192K | $1.1M | $0 | — | View 990 |
| 2019 | $295K | $188K | $857K | $0 | — | View 990 |
| 2018 | $324K | $135K | $724K | $0 | — | — |
| 2017 | $144K | $152K | $523K | $0 | — | View 990 |
| 2016 | $156K | $141K | $512K | $0 | — | View 990 |
| 2015 | $190K | $97K | $506K | $4K | — | View 990 |
| 2014 | $109K | $100K | $410K | $2K | — | View 990 |
| 2013 | $14K | $73K | $400K | $830 | — | View 990 |
| 2012 | $42K | $61K | $458K | $206 | — | View 990 |
| 2011 | $52K | $79K | $481K | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $1.3M, expenses of $927K, and assets of $2.2M (revenue +14.5% year-over-year).
- 2023: Revenue of $1.2M, expenses of $882K, and assets of $1.6M (revenue +123.8% year-over-year).
- 2022: Revenue of $523K, expenses of $694K, and assets of $1.2M (revenue -10.7% year-over-year).
- 2021: Revenue of $586K, expenses of $352K, and assets of $1.5M (revenue +36.6% year-over-year).
- 2020: Revenue of $429K, expenses of $192K, and assets of $1.1M (revenue +45.6% year-over-year).
- 2019: Revenue of $295K, expenses of $188K, and assets of $857K (revenue -8.9% year-over-year).
- 2018: Revenue of $324K, expenses of $135K, and assets of $724K (revenue +125.1% year-over-year).
- 2017: Revenue of $144K, expenses of $152K, and assets of $523K (revenue -7.7% year-over-year).
- 2016: Revenue of $156K, expenses of $141K, and assets of $512K (revenue -17.8% year-over-year).
- 2015: Revenue of $190K, expenses of $97K, and assets of $506K (revenue +73.2% year-over-year).
- 2014: Revenue of $109K, expenses of $100K, and assets of $410K (revenue +684.7% year-over-year).
- 2013: Revenue of $14K, expenses of $73K, and assets of $400K (revenue -66.5% year-over-year).
- 2012: Revenue of $42K, expenses of $61K, and assets of $458K (revenue -19.9% year-over-year).
- 2011: Revenue of $52K, expenses of $79K, and assets of $481K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Southcentral Kentucky Community & Technical College Foundation Inc:
Data Sources and Methodology
This transparency report for Southcentral Kentucky Community & Technical College 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.