2014-11-13T14:34:36-06:00 2014-06-30 310905417 VONLEHMAN & COMPANY INC 250 GRANDVIEW DR SUITE 300 FT MITCHELL KY 41017 990 2013-07-01 611285473 COMMONWEALTH FUND FOR KET INC COMM 8592587000 600 COOPER DRIVE LEXINGTON KY 40502 MICHELE RIPLEY PRESIDENT 8592587000 2014-10-31 1 ADAM MDAVEY P00228237 8593313300 2013 2015-11-30 17:44:51Z MICHELE RIPLEY 600 COOPER DRIVE LEXINGTON KY 40502 8939306 0 X WWW.KET.ORG X 1994 KY SEE SCHEDULE O. 15 13 0 781 0 0 4670049 5242983 0 0 395502 548493 162014 120745 5227565 5912221 321495 1280309 0 0 0 0 29968 19996 1359215 3782009 3941972 4133472 5242277 1094093 669944 16835127 20463166 3091462 4256696 13743665 16206470 X 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 3400309 1280309 RAISE AND ADMINISTER FUNDS FOR THE BENEFIT OF KENTUCKY AUTHORITY FOR EDUCATIONAL TELEVISION 3400309 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 1 0 0 0 0 0 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 11 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 15 13 0 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 0 KY X X X SUSAN KANIS 8592587000 600 COOPER DRIVE LEXINGTON KY 40502 MIRA S BALL DIRECTOR 1.00 X 0 0 0 JOHN S DOMASCHKO TREASURER 1.00 X X 0 0 0 JOHN R HALL CHAIRMAN 1.00 X X 0 0 0 BILLY HARPER DIRECTOR 1.00 X 0 0 0 JAMES H MOLLOY DIRECTOR 1.00 X 0 0 0 NICK NICHOLSON DIRECTOR 1.00 X 0 0 0 KIMBERLY D PATTON SECRETARY 1.00 X X 0 0 0 SHAE HOPKINS DIRECTOR (AUTHORITY) 1.00 X 0 154235 67632 WILLIAM T YOUNG JR DIRECTOR 1.00 X 0 0 0 VICKIE YATES BROWN DIRECTOR 1.00 X 0 0 0 DONNA MOORE CAMPBELL DIRECTOR (AUTHORITY) 1.00 X 0 200 0 RUSTY CHEUVRONT DIRECTOR 1.00 X 0 150 0 HILMA PRATHER DIRECTOR (AUTHORITY) 1.00 X 0 200 0 CAROL BEIRNE DIRECTOR 1.00 X 0 0 0 BILL JONES DIRECTOR 1.00 X 0 0 0 MICHELE RIPLEY PRESIDENT 37.50 X 0 115247 47212 0 270032 114844 0 0 1 0 KET FOUNDATION INC 600 COOPER DRIVE LEXINGTON KY 40502 LEASED EMPLOYEES & SERVICES 777474 FOREST INCENTIVES 230 FAIRHILL STREET WILLOW GROVE PA 19090 PREMIUMS 187083 BLACKBAUD 20 CANAL PARK STE 433 CAMBRIDGE MA 02141 DATABASE MANAGEMENT 132436 DIRECT MAIL 36 CORDAGE PARK CIRCLE PLYMOUTH MA 02360 DIRECT MARKETING SERVICES 127838 4 61705 5181278 118949 5242983 386394 386394 3050144 2888045 162099 162099 162099 259785 61705 139040 120745 120745 5912221 0 0 669238 1280309 1280309 19996 19996 34800 34495 305 14592 8645 5947 6169 4665 1504 28535 28535 15021 15021 CONTRIBUTIONS TO KET 2120000 2120000 CONTRACTS 790850 284309 506541 PREMIUMS/MEMBER CARDS 322470 322470 POSTAGE AND SHIPPING 281000 1640 279360 328535 105443 223092 5242277 3400309 482753 1359215 2815540 4720976 623084 509719 336945 306078 184605 161059 26826 27308 878011 616461 288272 261550 11049942 13001412 1470237 1440813 39676 34251 16835127 20463166 10753 70508 293864 360891 2786845 3825297 3091462 4256696 X 8526760 10206929 3193322 3975958 2023583 2023583 13743665 16206470 16835127 20463166 669944 1792861 0 X X 0 1 X 1 0 X 3575045 3688272 4281618 4670049 5242983 21457967 3575045 3688272 4281618 4670049 5242983 21457967 21457967 273287 317245 326368 397902 386394 1701196 23159163 1505740 0.92650 0.92640 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5216905 36750 927633 181747 5999541 4763521 25250 631832 203698 5216905 4876925 133206 5441 252051 4763521 4340112 826813 290000 4876925 3923566 26500 390046 4340112 0.60420 0.33730 0.05850 0 0 709194 449948 259246 168817 166513 2304 261550 FRANKLIN TEMPLETON FOUND ALLOC A 1440813 F 1440813 DUE TO AFFILIATE 3825297 3825297 X 7849239 1792861 5117 139040 1937018 5912221 0 5912221 5386434 5117 139040 144157 5242277 0 5242277 PART X, LINE 2: THE FUND HAS ADOPTED THE PROVISIONS OF THE ACCOUNTING PRONOUNCEMENT RELATED TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE FUND RECOGNIZED NO INTEREST OR PENALTIES IN THE STATEMENTS OF ACTIVITIES FOR BOTH THE YEARS ENDED JUNE 30, 2014 AND 2013. IF THE SITUATION AROSE IN WHICH THE FUND WOULD HAVE INTEREST TO RECOGNIZE, IT WOULD RECOGNIZE THIS AS INTEREST EXPENSE AND PENALTIES WOULD BE RECOGNIZED IN OTHER EXPENSES. CURRENTLY, THE PRIOR THREE YEARS ARE OPEN UNDER FEDERAL AND STATE STATUTES OF LIMITATIONS AND REMAIN SUBJECT TO REVIEW AND CHANGE. THE FUND IS NOT CURRENTLY UNDER AUDIT NOR HAS THE FUND BEEN CONTACTED BY THESE JURISDICTIONS. BASED ON THE EVALUATION OF THE FUND'S TAX POSITION, MANAGEMENT BELIEVES ALL POSITIONS TAKEN WOULD BE UPHELD UNDER EXAMINATION. THEREFORE, NO PROVISION FOR THE EFFECTS OF UNCERTAIN TAX POSITIONS HAS BEEN RECORDED FOR BOTH THE YEARS ENDED JUNE 30, 2014 AND 2013. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS COSTS 139,040. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS COSTS 139,040. X 1 PHONE BANKS SYSTEMS INC 4990 NORTH WIND SUITE 235 EAST LANSING MI 48823 TELEMARKETING 0 48896 19996 28900 48896 19996 28900 KY SUMMER CELEBRATION 236424 55115 181309 92947 NORTHERN KENTUCKY HOLIDAY 40146 40146 13698 2 44919 6590 38329 30850 321489 61705 259784 137495 137495 122289 0 KY EDUCATIONAL TELEVISION FOUNDATION 600 EAST COOPER DRIVE LEXINGTON KY 40502 610722558 501(C)(3) 1280309 PRODUCTION OF EDUCATIONAL PROGRAMS X X X 0 0 0 0 0 0 0 0 0 SHAE HOPKINS DIRECTOR (AUTHORITY) 0 154235 0 0 0 0 0 0 0 67632 0 221867 0 0 MICHELE RIPLEY PRESIDENT 0 115247 0 0 0 0 0 0 0 47212 0 162459 0 0 X 11 57244 FAIR MARKET VALUE X AUCTION ITEMS 344 55115 SELLING PRICE OF DON X AUCTION ITEMS 33 6590 SELLING PRICE OF DON 0 0 0 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 11 THE COMMONWEALTH FUND FOR KET BOARD ACCEPTED THE LATEST AUDIT AND REVIEWED OTHER FORM 990 DATA AVAILABLE AT THAT TIME. WHEN THE FORM 990 IS COMPLETE, COPIES WILL BE SENT TO THE ENTIRE BOARD FOR REVIEW AND ACCEPTANCE PRIOR TO THE DEADLINE OF NOVEMBER 17, 2014. 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. FORM 990, PART VI, SECTION B, LINE 15 ALTHOUGH THE ORGANIZATION DOES NOT HAVE ITS OWN EMPLOYEES, THE ORGANIZATION DOES HAVE POLICIES IN PLACE IN ORDER TO ENSURE SOUND GOVERNANCE. ALL EMPLOYEES OF THE COMMONWEALTH FUND FOR KET ARE LEASED FROM THE KET FOUNDATION, WHICH, TOGETHER WITH THE AUTHORITY, HAS CONTRACTED CONSULTANTS TO CONDUCT REGULAR COMPENSATION COMPARABILITY STUDIES TO DETERMINE THE MARKET VALUE OF POSITIONS, INCLUDING THOSE OF EXECUTIVES. ALSO, THE BOARD ESTABLISHES A FAIR COMPENSATION AND BENEFITS PACKAGE FOR THE PRESIDENT, WHICH IS BASED ON MARKET RESEARCH AND COMMENSURATE WITH QUALIFICATIONS AND EXPERIENCE. THE SALARIES OF ALL OTHERS ARE RECOMMENDED BY THE PRESIDENT AND APPROVED IN WRITING BY THE BOARD CHAIRMAN AND KET EXECUTIVE DIRECTOR. THEY ARE IN THE RANGE OF COMPARABLE POSITIONS WITHIN THE KET FOUNDATION AND ACROSS THE KET AGENCY, WHICH CONTINUE TO BE EVALUATED THROUGH REGULAR COMPENSATION STUDIES. FORM 990, PART VI, SECTION C, LINE 19 THE DOCUMENTS LISTED ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VII MICHELE RIPLEY - 600 COOPER DRIVE, LEXINGTON, KY 40502. MIRA S. BALL - PO BOX 12950, LEXINGTON, KY 40517. JOHN S. DOMASCHKO - 1 ROEBLING WAY, COVINGTON, KY 41011. JOHN R. HALL - 333 WEST VINE STREET, SUITE 300, LEXINGTON, KY 40507. BILLY HARPER - 960 NORTH H.C. MATHIS DRIVE, PADUCAH, KY 42001. JAMES H. MOLLOY - 1536 SOUTH OCEAN DRIVE, 405A, VERO BEACH, FL 32963. NICK NICHOLSON - 4856 WATERSIDE DRIVE, LEXINGTON, KY 40513. KIMBERLY D. PATTON - 300 W. 4TH STREET, CINCINNATI, OH 45202. SHAE HOPKINS - 600 COOPER DRIVE, LEXINGTON, KY 40502. WILLIAM T. YOUNG, JR. - PO BOX 1110, LEXINGTON, KY 40589. VICKIE YATES BROWN - 201 E. JEFFERSON STREET, STE 314, LOUISVILLE, KY 40202. DONNA MOORE CAMPBELL - 1833 ST. IVES CIRCLE, LEXINGTON, KY 40502. RUSTY CHEUVRONT - 850 DIXIE HIGHWAY, LOUISVILLE, KY 40210. HILMA PRATHER - 510 NORTH MAIN STREET, SOMERSET, KY 42501. CAROL BEIRNE - 3483 REEVES DRIVE, FT. WRIGHT, KY 41017. BILL JONES - 333 BROADWAY STREET, PADUCAH, KY 42001. FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT OR SELECTION PROCESS DURING THE TAX YEAR. FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: THE FUND IS TO RECEIVE, HOLD AND ADMINISTER FUNDS PROVIDED BY ITS FUNDRAISING ACTIVITIES FOR THE BENEFIT OF THE KENTUCKY AUTHORITY FOR EDUCATIONAL TELEVISION. FORM 990, PART VI, SECTION B, LINES 13, 15A, AND 15B: SINCE THE ORGANIZATION DOES NOT HAVE ANY OF ITS OWN EMPLOYEES, THESE QUESTIONS ARE NOT APPLICABLE TO THE ORGANIZATION, THEREFORE WE HAVE ANSWERED THEM AS "N/A". THE ORGANIZATION UTILIZES EMPLOYEES OF A RELATED ORGANIZATION. KY EDUCATIONAL TELEVISION FOUNDATION 600 EAST COOPER DRIVE LEXINGTON KY 40502 610722558 ASSIST THE KY AUTH. FOR EDUC'L TELE. IN THE PRODUCTION OF EDUC'L PROGRAMS KY 501(C)(3) 170(B)(1) (A)(VI) 0 KY AUTHORITY FOR EDUCATIONAL TELEVISION 600 EAST COOPER DRIVE LEXINGTON KY 40502 610600439 ACQUIRE AND PRODUCE EDUCATIONAL PROGRAMS FOR TELEVISION KY 501(C)(3) 170(B)(1) (A)(VI) 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 KY EDUCATIONAL TELEVISION FOUNDATION B 3400309 FAIR MARKET VALUE KY EDUCATIONAL TELEVISION FOUNDATION O 767400 FAIR MARKET VALUE KY AUTHORITY FOR EDUCATIONAL TELEVISION P 62000 FAIR MARKET VALUE