2011-11-15T14:46:56-06:00 2011-06-30 VONLEHMAN & COMPANY INC 250 GRANDVIEW DR SUITE 300 FT MITCHELL KY 41017 990 2010-07-01 611285473 COMMONWEALTH FUND FOR KET INC COMM 8592587000 600 COOPER DRIVE LEXINGTON KY 40502 MICHELE RIPLEY 8592587000 2011-11-15 1 8593313300 2010 2016-03-07 17:11:31Z MICHELE RIPLEY 600 COOPER DRIVE LEXINGTON KY 40502 6323224 0 X WWW.KET.ORG X 1994 KY SEE SCHEDULE O. 16 14 0 775 0 0 3575045 3688272 0 0 267880 317245 215330 178362 4058255 4183879 389471 334500 0 0 0 0 0 29980 1261388 3388516 3417023 3777987 3781503 280268 402376 11742702 13524626 2256027 2496365 9486675 11028261 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 2102500 RAISE AND ADMINISTER FUNDS FOR THE BENEFIT OF KENTUCKY AUTHORITY FOR EDUCATIONAL TELEVISION 2102500 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 1 0 0 0 0 0 1 0 0 0 0 1 11 0 0 0 0 0 0 0 1 1 0 0 0 0 X 16 14 0 0 0 0 0 1 0 1 1 1 0 1 1 1 1 1 1 1 1 0 KY X X SUSAN KANIS 8592587000 600 COOPER DRIVE LEXINGTON KY 40502 MIRA S BALL 1.00 X 0 0 0 JOHN S DOMASCHKO 1.00 X 0 0 0 DAN GRIFFITH 1.00 X 0 0 0 JOHN R HALL 1.00 X 0 0 0 BILLY HARPER 1.00 X 0 0 0 JAMES H MOLLOY 1.00 X 0 0 0 NICK NICHOLSON 1.00 X 0 0 0 KIMBERLY D PATTON 1.00 X 0 0 0 SHAE HOPKINS 1.00 X 0 145381 47022 WILLIAM T YOUNG JR 1.00 X 0 0 0 VICKIE YATES BROWN 1.00 X 0 0 0 DONNA MOORE CAMPBELL 1.00 X 0 0 0 RUSTY CHEUVRONT 1.00 X 0 0 0 MARY PAT REGAN 1.00 X 0 0 0 HILMA PRATHER 1.00 X 0 250 0 JIM GRAY 1.00 X 0 0 0 TREY GRAYSON 1.00 X 0 0 0 DR T PEARSE LYONS 1.00 X 0 0 0 THOMAS ELLIOTT 1.00 X 0 0 0 MICHELE RIPLEY 37.50 X 0 109920 33227 JULIE BERRY 37.50 X 0 45964 15492 TRICIA GAETZ 37.50 X 0 52335 16680 0 353850 112421 0 0 1 1 KET FOUNDATION INC 600 COOPER DRIVE LEXINGTON KY 40502 LEASED EMPLOYEES & SERVICES 621027 DIRECT MAIL 36 CORDAGE PARK CIRCLE PLYMOUTH MA 02360 DIRECT MARKETING SERVICES 185059 BLACKBAUD 20 CANAL PARK STE 433 CAMBRIDGE MA 02141 DATABASE MANAGEMENT 123044 FOREST INCENTIVES 230 FAIRHILL STREET WILLOW GROVE PA 19090 PREMIUMS 112467 4 3688272 12052 3688272 304710 304710 14400 14400 14400 14400 2024613 2012078 12535 12535 12535 291229 127267 163962 163962 4183879 14400 0 481207 334500 334500 7118 7118 29980 29980 21587 21587 10809 6674 4135 7704 5860 1844 26830 26830 13333 13333 CONTRIBUTIONS TO KET 1768000 1768000 CONTRACTS 668973 258027 410946 POSTAGE AND SHIPPING 281660 749 280911 PREMIUMS/MEMBER CARDS 250770 250770 MEMBERSHIP OUTSOURCING 123326 123326 236913 77437 159476 3781503 2102500 417615 1261388 1974339 2511063 482920 506672 434491 355200 221741 127333 23881 23564 821968 583349 251858 238619 4703524 4364536 3605936 5360043 44012 37596 11742702 13524626 3324 361 305726 264275 1946977 2231729 2256027 2496365 X 4953775 6151336 2509317 2853342 2023583 2023583 9486675 11028261 11742702 13524626 X 402376 1139210 X X 0 1 1 X 0 X 3779680 3697103 3710355 3575045 3688272 18450455 3779680 3697103 3710355 3575045 3688272 18450455 18450455 251466 301677 268975 273287 317245 1412650 19863105 1408577 0.92890 0.93070 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4340112 826813 290000 4876925 3923566 26500 390046 4340112 4800178 57500 -810112 124000 3923566 0.59000 0.41000 0 0 612644 379808 232836 209324 203541 5783 238619 MUTUAL FUNDS 5360043 F 5360043 DUE TO AFFILIATE 2231729 2231729 4183879 3781503 402376 1139212 -2 1139210 1541586 5450358 1139212 127267 1266479 4183879 0 4183879 3908772 127269 127269 3781503 0 3781503 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE FUND IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IN ADDITION, THE FUND QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION OTHER THAN A PRIVATE FOUNDATION UNDER SECTION 509(A)(1). 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 FINANCIAL POSITION. 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. TAX YEARS STILL OPEN UNDER FEDERAL AND STATE STATUTE OF LIMITATIONS REMAIN SUBJECT TO REVIEW AND CHANGE. 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. PART XI, LINE 8 - OTHER ADJUSTMENTS: ROUNDING -2. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS COSTS 127,267. PART XIII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS COSTS 127,267. ROUNDING 2. X 1 PHONE BANKS SYSTEMS INC 4990 NORTH WIND SUITE 235 EAST LANSING MI 48823 TELEMARKETING 0 114342 29980 84362 114342 29980 84362 SUMMER CELEBRATION 244785 244785 94119 NORTHERN KY HOLIDAY 13960 13960 5156 1 32484 32484 25178 291229 291229 124453 124453 166776 0 KY EDUCATIONAL TELEVISION FOUNDATION 600 EAST COOPER DRIVE LEXINGTON KY 40502 610722558 501(C)(3) 334500 PRODUCTION OF EDUCATIONAL PROGRAMS 1 1 X X X 0 0 0 0 0 0 0 0 0 SHAE HOPKINS 0 145381 0 0 0 0 0 0 0 47022 0 192403 0 0 SUPPLEMENTAL INFORMATION PART III MICHELE RIPLEY RECEIVED $600 IN COMPENSATION DURING THE YEAR FOR SERVING ON THE BOARD OF CENTRAL BANK. THESE FUNDS WERE SUBSEQUENTLY DONATED TO THE COMMONWEALTH FUND FOR KET, INC. WILLIAM T YOUNG JR DIRECTOR WILLIAM T. YOUNG, JR. IS A DIRECTOR OF THE COMMONWEALTH FUND FOR KET, INC. AND IS ALSO A DIRECTOR AND PART OWNER OF THE INVESTMENT MANAGEMENT COMPANY, E.S. BARR 0 MICHELE RIPLEY PRESIDENT MICHELE RIPLEY IS THE PRESIDENT OF THE COMMONWEALTH FUND FOR KET, INC. AND ALSO SERVES ON THE BOARD OF THEIR BANKING INSTITUTION, CENTRAL BANK. 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 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 15, 2011. 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, THROUGH AN EXECUTIVE SEARCH COMMITTEE, 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. CONTACT ADDRESSES FOR OFFICERS, DIRECTORS, ETC FORM 990, PART VII MICHELE RIPLEY - 600 COOPER DRIVE, LEXINGTON, KY 40502. MIRA S. BALL - PO BOX 12950, LEXINGTON, KY 40583. JOHN S. DOMASCHKO - 1 ROEBLING WAY, COVINGTON, KY 41011. DAN GRIFFITH - 1919 LEXINGTON AVENUE, OWENSBORO, KY 42301. 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 - PO BOX 1690, LEXINGTON, KY 40588. KIMBERLY D. PATTON - 250 W. COURT STREET, SUITE 300, 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. JULIE BERRY - 600 COOPER DRIVE, LEXINGTON, KY 40502. DONNA MOORE CAMPBELL - 1833 ST. IVES CIRCLE, LEXINGTON, KY 40502. RUSTY CHEUVRONT - 850 DIXIE HIGHWAY, LOUISVILLE, KY 40210. MARY PAT REGAN - 601 W. CHESTNUT STREET, STE 408, LOUISVILLE, KY 40203. TRICIA GAETZ - 600 COOPER DRIVE, LEXINGTON, KY 40502. HILMA PRATHER - 510 NORTH MAIN STREET, SOMERSET, KY 42501. JIM GRAY - 600 COOPER DRIVE, LEXINGTON, KY 40502. TREY GRAYSON - 700 CAPITAL AVENUE, STATE CAPITAL SUITE 152, FRANKFORT, KY 40601. DR. T. PEARSE LYONS - 3031 CATNIP HILL PIKE, NICHOLASVILLE, KY 40356. THOMAS ELLIOTT - 324 BROWNS LANE, LOUISVILLE, KY 40207. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 1,139,212. ROUNDING -2. TOTAL TO FORM 990, PART XI, LINE 5: 1,139,210. 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 1 1 0 0 0 0 1 0 0 0 KY EDUCATIONAL TELEVISION FOUNDATION B 2102500 FAIR MARKET VALUE KY EDUCATIONAL TELEVISION FOUNDATION J 668400 FAIR MARKET VALUE KY EDUCATIONAL TELEVISION FOUNDATION I 14400 FAIR MARKET VALUE KY AUTHORITY FOR EDUCATIONAL TELEVISION O 74247 FAIR MARKET VALUE