2025-10-10T14:07:33-05:00 2025-06-30 273858252 DEAN DORTON ALLEN FORD PLLC 250 W MAIN STREET STE 1400 LEXINGTON KY 40507 990 2024-07-01 611285473 COMMONWEALTH FUND FOR KET INC COMM 8592587000 600 COOPER DRIVE LEXINGTON KY 40502 MICHELE RIPLEY PRESIDENT 8592587000 2025-10-09 1 0 ALLISON C CARTER P01242412 8592552341 2024 2025-03-06 01:10:19Z MICHELE RIPLEY 600 COOPER DRIVE LEXINGTON KY 40502 24074609 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. 17 16 0 403 3459 2459 12412908 7948008 0 0 2683220 3002903 -63130 72780 15032998 11023691 10191000 5410600 0 0 0 0 0 0 884402 2636170 2789031 12827170 8199631 2205828 2824060 45150622 50211658 724074 690859 44426548 49520799 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 5410600 5410600 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.THE PRIOR-YEAR SPIKE IN REVENUE WAS DUE TO TWO EXTRAORDINARY BEQUESTS AND A ONE-TIME FUNDRAISING CAMPAIGN TO CONSTRUCT AND EQUIP A NEW LOUISVILLE PRODUCTION CENTER, WHICH OPENED IN JANUARY 2025. UNRESTRICTED ANNUAL GIVING CONTINUED TO INCREASE YEAR-OVER-YEAR. QUARTER 4 SAW SIGNIFICANT GROWTH IN FUNDRAISING AS MANY DONORS RESPONDED TO THE THREAT OF FEDERAL FUNDING CUTS. AN ADDITIONAL $1.349 MILLION IN FEDERAL FUNDING THAT MATCHED PRIVATE FUNDS WAS RAISED. 5410600 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 13 0 1 0 1 1 0 0 0 0 1 1 0 0 0 1 0 0 0 X 17 16 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 EXEC DIRECTOR/CEO 1.00 48.00 X 0 338509 133577 NICK NICHOLSON BOARD CHAIR 1.00 1.00 X 0 0 0 JOHN S DOMASCHKO VICE CHAIR 1.00 1.00 X 0 0 0 BILL JONES TREASURER 1.00 1.00 X 0 0 0 KIMBERLY D PATTON SECRETARY 1.00 1.00 X 0 0 0 DAN GRIFFITH DIRECTOR (AUTHORITY) 1.00 1.00 X 0 650 0 ALICE K HOUSTON DIRECTOR 1.00 1.00 X 0 0 0 D R BALL 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 MICHAEL A OWSLEY 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 VICKIE YATES BROWN GLISSON 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 MASTAN DIRECTOR 1.00 1.00 X 0 0 0 MICHELE RIPLEY PRESIDENT 37.50 9.00 X 0 146497 35331 0 485656 168908 0 0 1 0 SOUTHEAST PRINTING & MAILING SERVICE 2528 PALUMBO DRIVE LEXINGTON KY 40509 DIRECT MARKETING SERVICES 208035 ALLEGIANCE FUNDRAISING LLC 36 CORDAGE PARK CIRCLE STE 225 PLYMOUTH MA 02360 DATABASE PROVIDER 170614 2 380964 7567044 364780 7948008 874323 874323 4500 1041 3459 3459 3459 14870471 12601764 140127 2268707 -140127 2128580 2128580 253380 380964 307986 -54606 -54606 OTHER REVENUE 900099 123927 123927 123927 11023691 0 3459 3072224 X 5410600 5410600 7239 7239 30000 30000 210350 210350 1409584 1380146 29438 100 100 60360 3130 57230 23256 23256 11066 6149 4917 14069 6609 7460 1271 1271 44154 44154 30116 30116 POSTAGE AND SHIPPING 379893 761 379132 PREMIUMS/MEMBER CARDS 156395 156395 BANK FEES 151089 1173 149916 EQUIPMENT/BUILDING 147606 140266 7340 112483 20009 92474 8199631 5410600 1904629 884402 2275432 4197633 1308000 252700 1068 7268 501277 246262 50559 38870 142493 33753 193020 108740 38061017 41019685 2698902 4249754 61347 90746 45150622 50211658 24731 39900 550705 388788 148638 262171 724074 690859 X 39778046 45803512 143851 99565 4504651 3617722 44426548 49520799 45150622 50211658 2824060 2270191 0 X X 0 1 X 1 0 X 7867103 7187629 6786674 12412908 7933375 42187689 7867103 7187629 6786674 12412908 7933375 42187689 1526286 40661403 563089 498195 629065 751396 874323 3316068 3459 3459 42540 17288 123927 183755 45690971 0.88990 0.89190 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12870556 8293 339007 515600 44920 12657336 10304092 40472 1795833 480000 39841 11620556 9575380 18686 1235869 490500 35343 10304092 11133747 66509 -1094652 489000 41224 9575380 9129638 23750 2484658 466000 38299 11133747 0.71420 0.15990 0.12590 0 0 100000 100000 2796 2796 0 14672 14672 0 25025 16285 8740 108740 BONDS AND NOTES 4249754 F 4249754 DUE TO AFFILIATE 252996 LIABILITY UNDER GASB 87 9175 262171 13399159 2270191 6600 309027 2585818 10813341 210350 210350 11023691 8304908 6600 309027 315627 7989281 210350 210350 8199631 PART V, LINE 4: THE COMMONWEALTH FUND FOR KET, INC. CURRENTLY MAINTAINS FIVE ENDOWMENTS: - THE W. PAUL AND LUCILLE CAUDILL LITTLE ARTS ENDOWMENT IS A DONOR-RESTRICTED ENDOWMENT THAT 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 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 307,986. RENTAL EXPENSES 1,041. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT COSTS 307,986. RENTAL EXPENSES 1,041. SUMMER CELEBRATION 341435 207200 134235 198935 FEB FANFARE 215629 118514 97115 85035 1 77280 55250 22030 24016 634344 380964 253380 307986 307986 -54606 0 KENTUCKY EDUCATIONAL TELEVISION FOUNDATION 600 COOPER DRIVE LEXINGTON KY 40502 610722558 501(C)(3) 5410600 0 PRODUCTION OF EDUCATIONAL PROGRAMS AND SUPPORT OF KENTUCKY PUBLIC TELEVISION 1 X X X 0 0 0 0 0 0 0 0 0 SHAE HOPKINS EXEC DIRECTOR/CEO 0 338509 0 0 0 0 0 120149 0 13428 0 472086 0 0 MICHELE RIPLEY PRESIDENT 0 146497 0 0 0 0 0 13872 0 21459 0 181828 0 0 X 40 35722 FAIR MARKET VALUE X 17 84032 FAIR MARKET VALUE X 5 9323 FAIR MARKET VALUE X AUCTION ITEMS 269 230393 FAIR MARKET VALUE X EQUIPMENT 5 5310 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, 2025. 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 AND AUDIT 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 1,380,146. FUNDRAISING EXPENSES 29,438. TOTAL EXPENSES 1,409,584. 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 252996 FAIR MARKET VALUE KY AUTHORITY FOR EDUCATIONAL TELEVISION P 58645 FAIR MARKET VALUE KY EDUCATIONAL TELEVISION FOUNDATION B 5410600 FAIR MARKET VALUE KY EDUCATIONAL TELEVISION FOUNDATION O 1371447 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 $5,357,600 IN CONTRIBUTIONS TO THE KENTUCKY EDUCATIONAL TELEVISION FOUNDATION IN FY25, THE KENTUCKY AUTHORITY FOR EDUCATIONAL TELEVISION ALSO DIRECTLY RECEIVED $1,349,000 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.