2024-10-30T10:08:06-05:00 2024-06-30 273858252 DEAN DORTON ALLEN FORD PLLC 250 W MAIN STREET STE 1400 LEXINGTON KY 40507 990 2023-07-01 611285473 COMMONWEALTH FUND FOR KET INC COMM 8592587000 600 COOPER DRIVE LEXINGTON KY 40502 MICHELE RIPLEY PRESIDENT 8592587000 2024-10-29 1 0 ALLISON C CARTER P01242412 8592552341 2023 2024-10-15 13:58:12Z X MICHELE RIPLEY 600 COOPER DRIVE LEXINGTON KY 40502 29707241 0 X WWW.KET.ORG X 1994 KY THE FUND IS TO RECEIVE, HOLD, AND ADMINISTER FUNDS PROVIDED BY ITS FUNDRAISING ACTIVITIES FOR THE BENEFIT OF THE KENTUCKY AUTHORITY FOR EDUCATIONAL TELEVISION. 18 17 0 601 0 0 6786674 12412908 0 0 373436 2683220 -50599 -63130 7109511 15032998 4927000 10191000 0 0 0 0 0 0 916914 2499175 2636170 7426175 12827170 -316664 2205828 38561241 45150622 579638 724074 37981603 44426548 X THE ORGANIZATION'S MISSION IS TO SUPPORT AND FURTHER THE EDUCATIONAL, CHARITABLE AND PUBLIC PURPOSES AND ACTIVITIES OF THE KENTUCKY AUTHORITY FOR EDUCATIONAL TELEVISION (AUTHORITY) AND THE RELATED KENTUCKY EDUCATIONAL TELEVISION FOUNDATION, INC. (FOUNDATION). THE FUND'S PRIMARY PURPOSE IS TO RECEIVE, HOLD AND ADMINISTER FUNDS PROVIDED BY ITS FUNDRAISING ACTIVITIES, WHICH ARE CONCENTRATED PRIMARILY IN THE STATE OF KENTUCKY, FOR THE BENEFIT OF THE AUTHORITY AND THE FOUNDATION. 0 0 10191000 10191000 THE ORGANIZATION'S PURPOSE IS TO SUPPORT THE MISSION OF THE AUTHORITY FOR KENTUCKY EDUCATIONAL TELEVISION, THE GOVERNING BODY OF KENTUCKY EDUCATIONAL TELEVISION (KET). AS ONE OF THE NATION'S LARGEST PUBLIC TELEVISION NETWORKS, KET IS USED BY MORE THAN 2 MILLION PEOPLE EACH WEEK AND ITS EDUCATIONAL RESOURCES ARE UTILIZED IN EVERY KENTUCKY SCHOOL DISTRICT AS WELL AS CLASSROOMS ACROSS THE NATION. ACCESSIBLE THROUGH BROADCAST, MOBILE AND CONNECTED DEVICES, KET'S CONTENT INCLUDES ORIGINALLY PRODUCED KENTUCKY HISTORY, CULTURE AND PUBLIC AFFAIRS PROGRAMS IN ADDITION TO THE NATIONAL PBS LINEUP. SERVING THE EDUCATIONAL NEEDS OF THE STATE, KET DELIVERS THE MOST-TRUSTED CHILDREN'S EDUCATIONAL PROGRAMMING PLUS CRADLE-TO-CAREER INSTRUCTIONAL SERVICES INCLUDING EARLY CHILDHOOD TEACHING TOOLS AND CERTIFICATION, K-12 DIGITAL LEARNING RESOURCES AND PROFESSIONAL TRAINING FOR EDUCATORS, AND GED AND WORKFORCE DEVELOPMENT PREP. 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. 10191000 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 1 1 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 10 0 1 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 X 18 17 1 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 KY X X X KET 8592587000 600 COOPER DRIVE LEXINGTON KY 40502 SHAE HOPKINS DIRECTOR (AUTHORITY) 1.00 48.00 X 0 278675 140302 NICK NICHOLSON CHAIRMAN 1.00 1.00 X 0 0 0 JOHN S DOMASCHKO TREASURER 1.00 1.00 X 0 0 0 KIMBERLY D PATTON SECRETARY 1.00 1.00 X 0 0 0 D R BALL DIRECTOR 1.00 1.00 X 0 0 0 MIRA S BALL DIRECTOR 1.00 1.00 X 0 0 0 ROBERT M BECK JR DIRECTOR (AUTHORITY) 1.00 1.00 X 0 0 0 DONNA MOORE CAMPBELL DIRECTOR 1.00 1.00 X 0 0 0 VICKIE YATES BROWN GLISSON DIRECTOR 1.00 1.00 X 0 0 0 DAN GRIFFITH DIRECTOR (AUTHORITY) 1.00 1.00 X 0 600 0 ALICE K HOUSTON DIRECTOR 1.00 1.00 X 0 0 0 BILL JONES DIRECTOR 1.00 1.00 X 0 0 0 MICHAEL A OWSLEY DIRECTOR 1.00 1.00 X 0 0 0 HILMA PRATHER DIRECTOR 1.00 1.00 X 0 0 0 MELANIE SIMPSON-CONLEY DIRECTOR 1.00 1.00 X 0 0 0 WILLIAM T YOUNG JR DIRECTOR 1.00 1.00 X 0 0 0 DONOVAN BLACKBURN DIRECTOR 1.00 1.00 X 0 0 0 SEAN MESTAN DIRECTOR 1.00 1.00 X 0 0 0 MICHELE RIPLEY PRESIDENT 37.50 10.00 X 0 143620 24139 0 422895 164441 0 0 1 0 KET FOUNDATION INC 600 COOPER DRIVE LEXINGTON KY 40502 EMPLOYEE & SERVICE REIMBURSEMENTS 1325893 SOUTHEAST PRINTING & MAILING SERVICE 2528 PALUMBO DRIVE LEXINGTON KY 40509 DIRECT MARKETING SERVICES 221534 ALLEGIANCE FUNDRAISING LLC 36 CORDAGE PARK CIRCLE STE 225 PLYMOUTH MA 02360 DATABASE PROVIDER 153863 FOREST INCENTIVES 230 FAIRHILL DRIVE WILLOW GROVE PA 19090 PREMIUMS 107738 4 314528 12098380 245612 12412908 751396 751396 16331619 14399795 1931824 1931824 1931824 194030 314528 274448 -80418 -80418 OTHER REVENUE 900099 17288 17288 17288 15032998 0 0 2620090 X 10191000 10191000 14750 14750 172398 172398 1344809 1315476 29333 449 151 298 55888 2473 53415 22898 22898 16908 6952 9956 13036 6632 6404 3053 3053 49887 49887 30513 30513 POSTAGE AND SHIPPING 372631 685 371946 PREMIUMS/MEMBER CARDS 201846 201846 BANK FEES 144834 1181 143653 SPECIAL EVENTS 57915 57915 134355 92207 42148 12827170 10191000 1719256 916914 3966666 2275432 86234 1308000 1068 266810 501277 45050 50559 930759 737739 242908 193020 32300057 38061017 1609811 2698902 43705 61347 38561241 45150622 23145 24731 380949 550705 175544 148638 579638 724074 X 27521987 39778046 155524 143851 10304092 4504651 37981603 44426548 38561241 45150622 2205828 4239117 0 X X 0 1 X 1 0 X 6169344 7867103 7187629 6786674 12412908 40423658 6169344 7867103 7187629 6786674 12412908 40423658 1613444 38810214 586774 563089 498195 629065 751396 3028519 42540 17288 59828 43512005 0.89190 0.91990 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10304092 40472 1795833 480000 39841 11620556 9575380 18686 1235869 490500 35343 10304092 11133747 66509 -1094652 489000 41224 9575380 9129638 23750 2484658 466000 38299 11133747 9355138 100000 319253 609750 35003 9129638 0.00000 0.17410 0.82590 0 0 779407 633481 145926 23848 23848 0 127504 80410 47094 193020 BONDS AND NOTES 2698902 F 2698902 DUE TO AFFILIATE 99468 LIABILITY UNDER GASB 87 13379 LIABILITY FOR SBITA GASB 96 35791 148638 19384495 4239117 10330 274448 4523895 14860600 172398 172398 15032998 12939550 10330 274448 284778 12654772 172398 172398 12827170 PART V, LINE 4: THE COMMONWEALTH FUND FOR KET, INC. CURRENTLY MAINTAINS FIVE ENDOWMENTS: - THE W. PAUL AND LUCILLE CAUDILL LITTLE ARTS ENDOWMENT WAS ESTABLISHED IN 1993 TO SUPPORT ARTS EDUCATION. THE ENDOWMENT FUNDS SHALL BE USED TO EDUCATE THROUGH THE SUPPORT OF QUALITY PRODUCTIONS AND PROGRAMS IN THE FINE ARTS SO AS TO DEVELOP CREATIVITY IN CHILDREN TWELVE YEARS OLD AND UNDER. - IN OCTOBER 2003, THE FUND ESTABLISHED THE ENDOWMENT FOR KENTUCKY PRODUCTIONS. THIS ENDOWMENT SHALL BE USED TO SUPPORT KET'S PRODUCTION, ACQUISITIONS AND BROADCAST OF QUALITY PROGRAMS AND EVENTS THAT DOCUMENT OR CELEBRATE THE PEOPLE, PLACES, HISTORY AND LEGENDS OF KENTUCKY. - IN 1999, THE FUND ESTABLISHED THE ENDOWMENT FOR O. LEONARD PRESS ENDOWMENT FOR PUBLIC AFFAIRS. THIS ENDOWMENT SHALL BE USED TO SUPPORT KET'S PUBLIC AFFAIR PROGRAMMING AND SERVICES. - IN OCTOBER 2014, THE FUND ESTABLISHED THE JOHN R. HALL ENDOWMENT FOR EDUCATION. THIS ENDOWMENT SHALL BE USED TO SUPPORT KET'S EDUCATIONAL RESOURCES AND SERVICES FROM CRADLE TO CAREER. - IN 2020, THE FUND ESTABLISHED THE KET/PBS PROGRAM ENDOWMENT FUND. THIS ENDOWMENT SHALL BE USED TO SUPPORT KET'S PURCHASE OF QUALITY PROGRAMMING FOR VIEWERS. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT COSTS 274,448. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT COSTS 274,448. SUMMER CELEBRATION 309910 199215 110695 195025 FEB FANFARE 121763 66398 55365 59580 1 76885 48915 27970 19843 508558 314528 194030 274448 274448 -80418 0 KENTUCKY EDUCATIONAL TELEVISION FOUNDATION 600 COOPER DRIVE LEXINGTON KY 40502 610722558 501(C)(3) 0 10191000 PRODUCTION OF EDUCATIONAL PROGRAMS AND SUPPORT OF KENTUCKY PUBLIC TELEVISION 1 0 X X X 0 0 0 0 0 0 0 0 0 SHAE HOPKINS DIRECTOR (AUTHORITY) 0 278675 0 0 0 0 0 127898 0 12404 0 418977 0 0 MICHELE RIPLEY PRESIDENT 0 143620 0 0 0 0 0 14383 0 9756 0 167759 0 0 X 40 37050 FAIR MARKET VALUE X 10 32849 FAIR MARKET VALUE X 6 9550 FAIR MARKET VALUE X AUCTION ITEMS 233 159591 FAIR MARKET VALUE X EQUIPMENT 6 6572 FAIR MARKET VALUE 0 0 1 1 PART I, LINE 32B: CARS FOR CHARITY 150 CAPITAL DRIVE, SUITE 100 GOLDEN, CO 80401 CHARITABLE ADULT RIDES & SERVICES (CARS) 4669 MURPHY CANYON ROAD, STE 200 SAN DIEGO, CA 92123 FORM 990, PART VI, SECTION A, LINE 2 MIRA BALL AND D.R. BALL HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD INCLUDES THREE MEMBERS WHO ARE APPOINTED BY THE KENTUCKY AUTHORITY FOR EDUCATIONAL TELEVISION. FORM 990, PART VI, SECTION A, LINE 7B CERTAIN ACTIONS OF THE COMMONWEALTH FUND, AS SPECIFIED IN THE OPERATING AND LICENSE AGREEMENT, MAY REQUIRE APPROVAL OF THE KENTUCKY AUTHORITY FOR EDUCATIONAL TELEVISION. FORM 990, PART VI, SECTION B, LINE 11B THE COMMONWEALTH FUND FOR KET BOARD ACCEPTED THE LATEST AUDIT AND REVIEWED OTHER DATA AVAILABLE AT THAT TIME. WHEN FORM 990 IS COMPLETE, COPIES WILL BE SENT TO THE ENTIRE BOARD FOR REVIEW AND ACCEPTANCE PRIOR TO THE DEADLINE OF NOVEMBER 15, 2024. FORM 990, PART VI, SECTION B, LINE 12C THIS POLICY IS REVIEWED AND ACCEPTED ANNUALLY AS PART OF THE OCTOBER BOARD MEETING AND ANY CONFLICTS OR OTHER BUSINESS OR FAMILY INTERESTS ARE NOTED IN BOARD MINUTES. IN THE EVENT OF A CONFLICT, THE PERSON INVOLVED IS RECUSED FROM THE VOTE OR DISCUSSION. FORM 990, PART VI, SECTION B, LINE 15 THE COMMONWEALTH FUND FOR KET HAS NO EMPLOYEES OF ITS OWN, BUT REIMBURSES THE SALARIES OF EMPLOYEES TO THE RELATED KET FOUNDATION. KET'S CEO, WHO IS PART OF THE COMMONWEALTH FUND FOR KET BOARD OF DIRECTORS, AUTHORIZES ALL PERSONNEL ACTIONS AND COMPENSATION FOR ALL KET STAFF. FOR FUND STAFF POSITIONS, THE FUND'S PRESIDENT MAKES RECOMMENDATIONS TO THE CEO, INCLUDING COMPENSATION AND BENEFITS COMMENSURATE WITH QUALIFICATIONS WITHIN THE FUND, AND ACHIEVEMENT OF EXISTING STAFF. FOR THE PRESIDENT, THE BOARD CHAIRMAN, TOGETHER WITH MEMBERS OF THE FINANCE COMMITTEE OF THE COMMONWEALTH FUND FOR KET BOARD, REGULARLY EVALUATES PERFORMANCE AND COMPENSATION, AND MAKES RECOMMENDATIONS TO THE CEO. AS A SUPPORT ORGANIZATION OF THE AUTHORITY FOR KENTUCKY EDUCATIONAL TELEVISION, THE COMMONWEALTH FUND FOR KET MIRRORS OTHER PERSONNEL POLICIES OF THE STATE TO ENSURE SOUND GOVERNANCE. FORM 990, PART VI, SECTION C, LINE 19 THE DOCUMENTS LISTED ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G LEASED PAYROLL: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 1,315,476. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,315,476. PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 29,333. TOTAL EXPENSES 29,333. PART XII, LINE 2C THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT OR SELECTION PROCESS DURING THE YEAR. FORM 990, PART IV, LINE 11F UNDER GASB, A FOOTNOTE TO THE FINANCIAL STATEMENTS THAT ADDRESSES THE ORGANIZATION'S LIABILITY FOR UNCERTAIN TAX POSITIONS IS NOT REQUIRED. KENTUCKY EDUCATIONAL TELEVISION FOUNDATION INC 600 COOPER DRIVE LEXINGTON KY 40502 610722558 SEE FOOTNOTE IN PART VII KY 501(C)(3) LINE 7 0 KENTUCKY AUTHORITY FOR EDUCATIONAL TELEVISION 600 COOPER DRIVE LEXINGTON KY 40502 610600439 ACQUIRE AND PRODUCE EDUCATIONAL PROGRAMS FOR TELEVISION KY 501(C)(3) LINE 7 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 KY EDUCATIONAL TELEVISION FOUNDATION E 99468 FAIR MARKET VALUE KY AUTHORITY FOR EDUCATIONAL TELEVISION P 68760 FAIR MARKET VALUE KY EDUCATIONAL TELEVISION FOUNDATION B 10191000 FAIR MARKET VALUE KY EDUCATIONAL TELEVISION FOUNDATION O 1315477 FAIR MARKET VALUE SCHEDULE R, PART V, COLUMN (B) PRIMARY ACTIVITY: ASSIST THE KY AUTHORITY FOR EDUCATIONAL TELEVISION IN THE PRODUCTION OF EDUCATIONAL PROGRAMS. SCHEDULE R, PART V, LINE 2: IN ADDITION TO THE $10,191,000 IN CONTRIBUTIONS TO THE KENTUCKY EDUCATIONAL TELEVISION FOUNDATION IN FY24, THE KENTUCKY AUTHORITY FOR EDUCATIONAL TELEVISION ALSO DIRECTLY RECEIVED $1,065,000 IN ANNUAL SUPPORT FROM THE CORPORATION FOR PUBLIC BROADCASTING (CPB), AS A RESULT OF THE CONTRIBUTIONS AND GRANT RAISED BY THE COMMONWEALTH FUND FOR KET, INC.