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COMMONWEALTH FUND FOR KET INC: Form 990, tax year 2009

View the entire original 990 at ProPublica ↗

Organization
COMMONWEALTH FUND FOR KET INC (EIN 61-1285473)
Tax period
2009-07-01 to 2010-06-30
Filed
2011-02-09
IRS object ID
201140409349301204
Schema version
2009v1.7
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Timestamp2011-02-09T11:53:55-06:00Timestamp
Tax Period End Date2010-06-30TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1VonLehman & Company IncBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line1250 Grandview Dr Suite 300AddressLine1
CityFt MitchellCity
StateKYState
ZIP Code41017ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnType
Tax Period Begin Date2009-07-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN611285473EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1COMMONWEALTH FUND FOR KET INCBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlCOMMNameControl
Phone8592587000Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line1600 COOPER DRIVEAddressLine1
CityLEXINGTONCity
StateKYState
ZIP Code40502ZIPCode

Officer Officer

FieldValueIRS element (for citing)
Namemichele ripleyName
TitlePRESIDENTTitle
Phone8592587000Phone
Date Signed2011-02-07DateSigned
Authorize Third Party1AuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
Phone8593313300Phone
FieldValueIRS element (for citing)
Tax Year2009TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Name Of Principal Officer PersonMICHELE RIPLEYNameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

FieldValueIRS element (for citing)
Address Line1600 COOPER DRIVEAddressLine1
CityLEXINGTONCity
StateKYState
ZIP Code40502ZIPCode
FieldValueIRS element (for citing)
Gross Receipts5956955GrossReceipts
Group Return For Affiliates0GroupReturnForAffiliates
Organization501cXOrganization501c
Web SiteWWW.KET.ORGWebSite
Type Of Organization CorporationXTypeOfOrganizationCorporation
Year Formation1994YearFormation
State Legal DomicileKYStateLegalDomicile
Activity Or Mission DescriptionSEE SCHEDULE O.ActivityOrMissionDescription
Nbr Voting Members Governing Body16NbrVotingMembersGoverningBody
Nbr Independent Voting Members15NbrIndependentVotingMembers
Total Nbr Employees0TotalNbrEmployees
Total Nbr Volunteers725TotalNbrVolunteers
Total Gross UBI0TotalGrossUBI
Net Unrelated Business Txbl Income0NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year3710355ContributionsGrantsPriorYear
Contributions Grants Current Year3575045ContributionsGrantsCurrentYear
Program Service Revenue CY0ProgramServiceRevenueCY
Investment Income Prior Year223668InvestmentIncomePriorYear
Investment Income Current Year267880InvestmentIncomeCurrentYear
Other Revenue Prior Year170338OtherRevenuePriorYear
Other Revenue Current Year215330OtherRevenueCurrentYear
Total Revenue Prior Year4104361TotalRevenuePriorYear
Total Revenue Current Year4058255TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year491920GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY389471GrantsAndSimilarAmntsCY
Benefits Paid To Members CY0BenefitsPaidToMembersCY
Salaries Etc Current Year0SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY0TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year1242961TotalFundrsngExpCurrentYear
Other Expense Prior Year3597171OtherExpensePriorYear
Other Expenses Current Year3388516OtherExpensesCurrentYear
Total Expenses Prior Year4089091TotalExpensesPriorYear
Total Expenses Current Year3777987TotalExpensesCurrentYear
Revenues Less Expenses Prior Year15270RevenuesLessExpensesPriorYear
Revenues Less Expenses CY280268RevenuesLessExpensesCY
Total Assets BOY10544108TotalAssetsBOY
Total Assets EOY11742702TotalAssetsEOY
Total Liabilities BOY1999130TotalLiabilitiesBOY
Total Liabilities EOY2256027TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY8544978NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY9486675NetAssetsOrFundBalancesEOY
Mission Descriptionto 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.MissionDescription
Significant New Program Services0SignificantNewProgramServices
Significant Change0SignificantChange
Expense2157471Expense
DescriptionRAISE AND ADMINISTER FUNDS FOR THE BENEFIT OF KENTUCKY AUTHORITY FOR EDUCATIONAL TELEVISIONDescription
Total Program Service Expense2157471TotalProgramServiceExpense
Described In501 C31DescribedIn501C3
Schedule B Required1ScheduleBRequired
Political Activities0PoliticalActivities
Lobbying Activities0LobbyingActivities
Donor Advised Funds0DonorAdvisedFunds
Conservation Easements0ConservationEasements
Collections Of Art0CollectionsOfArt
Credit Counseling0CreditCounseling
Term Or Permanent Endowments1TermOrPermanentEndowments
Balance Sheet Amounts Reported1BalanceSheetAmountsReported
Independent Audit Financial Stmt1IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt1ConsolidatedAuditFinancialStmt
School0School
Foreign Office0ForeignOffice
Foreign Activities0ForeignActivities
More Than5000 K To Organizations0MoreThan5000KToOrganizations
More Than5000 K To Individuals0MoreThan5000KToIndividuals
Professional Fundraising0ProfessionalFundraising
Fundraising Activities1FundraisingActivities
Gaming0Gaming
Hospital0Hospital
Grants To Organizations1GrantsToOrganizations
Grants To Individuals0GrantsToIndividuals
Schedule J Required1ScheduleJRequired
Tax Exempt Bonds0TaxExemptBonds
Excess Benefit Transaction0ExcessBenefitTransaction
Prior Excess Benefit Transaction0PriorExcessBenefitTransaction
Loan To Officer Or DQP0LoanToOfficerOrDQP
Grant To Related Person0GrantToRelatedPerson
Bsnss Rltnshp With Organization0BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member0BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp1OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions0DeductibleNonCashContributions
Deductible Contributions Of Art0DeductibleContributionsOfArt
Terminated0Terminated
Partial Liquidation0PartialLiquidation
Disregarded Entity0DisregardedEntity
Related Entity1RelatedEntity
Related Org Controlled Entity0RelatedOrgControlledEntity
Transfers To Exempt Non Chrtbl Org0TransfersToExemptNonChrtblOrg
Activities Conducted Partnership0ActivitiesConductedPartnership
Schedule O Required1ScheduleORequired
Number Forms Transmitted With109613NumberFormsTransmittedWith1096
Number W2 G Included0NumberW2GIncluded
Number Of Employees0NumberOfEmployees
Unrelated Business Income0UnrelatedBusinessIncome
Foreign Financial Account0ForeignFinancialAccount
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTrans
Taxable Party Notification0TaxablePartyNotification
Non Deductible Contributions0NonDeductibleContributions
Quid Pro Quo Contributions1QuidProQuoContributions
Quid Pro Quo Disclosure1QuidProQuoDisclosure
Form8282 Property Disposed Of0Form8282PropertyDisposedOf
Funds To Pay Premiums0FundsToPayPremiums
Premiums Paid0PremiumsPaid
Nbr Voting Governing Body Members16NbrVotingGoverningBodyMembers
Number Independent Voting Members15NumberIndependentVotingMembers
Family Or Business Relationship0FamilyOrBusinessRelationship
Delegation Of Management Duties0DelegationOfManagementDuties
Changes To Organizing Docs0ChangesToOrganizingDocs
Material Diversion Or Misuse0MaterialDiversionOrMisuse
Members Or Stockholders0MembersOrStockholders
Election Of Board Members1ElectionOfBoardMembers
Decisions Subject To Approval0DecisionsSubjectToApproval
Minutes Of Governing Body1MinutesOfGoverningBody
Minutes Of Committees1MinutesOfCommittees
Officer Mailing Address1OfficerMailingAddress
Local Chapters0LocalChapters
Form990 Provided To Governing Body1Form990ProvidedToGoverningBody
Conflict Of Interest Policy1ConflictOfInterestPolicy
Annual Disclosure Covered Persons1AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement1RegularMonitoringEnforcement
Whistleblower Policy1WhistleblowerPolicy
Document Retention Policy1DocumentRetentionPolicy
Compensation Process CEO1CompensationProcessCEO
Compensation Process Other1CompensationProcessOther
Investment In Joint Venture0InvestmentInJointVenture
States Where Copy Of Return Is FiledKYStatesWhereCopyOfReturnIsFiled
Other WebsiteXOtherWebsite
Upon RequestXUponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

FieldValueIRS element (for citing)
Business Name Line1DONNA VERHOEVENBusinessNameLine1
FieldValueIRS element (for citing)
Telephone Number8592587000TelephoneNumber

Address US AddressUS

FieldValueIRS element (for citing)
Address Line1600 COOPER DRIVEAddressLine1
CityLEXINGTONCity
StateKYState
ZIP Code40502ZIPCode
FieldValueIRS element (for citing)
No Listed Persons CompensatedXNoListedPersonsCompensated

Form990 Part VII Section A Form990PartVIISectionA (20 entries)

TitleTitleAverage Hours Per WeekAverageHoursPerWeekIndividual Trustee Or DirectorIndividualTrusteeOrDirectorReportable Comp From OrganizationReportableCompFromOrganizationReportable Comp From Related OrgsReportableCompFromRelatedOrgsOther CompensationOtherCompensationOfficerOfficer
MIRA S BALL
DIRECTOR1.00X000
dan griffith
DIRECTOR1.00X000
TREY GRAYSON
DIRECTOR1.00X000
BILLY HARPER
DIRECTOR1.00X000
JAMES H MOLLOY
DIRECTOR1.00X000
NICK NICHOLSON
DIRECTOR1.00X000
shae hopkins
DIRECTOR (AUTHORITY)1.00X012969715058
WILLIAM T YOUNG JR
DIRECTOR1.00X000
VICKIE YATES BROWN
DIRECTOR1.00X000
biff campbell
dirECTOR1.00X000
rusty cheuvront
diRECTOR1.00X000
dr t pearse lyons
dIRECTOR1.00X000
MARY PAT REGAN
DIRECTOR1.00X000
malcolm wall
former director (aUTHORI1.00X0342483976
MICHELE RIPLEY
PRESIDENT37.50011316513138X
JOHN S DOMASCHKO
TREASURER (AUTHORITY)1.00000X
JOHN R HALL
CHAIRMAN1.00000X
KIMBERLY D PATTON
SECRETARY (AUTHORITY)1.000500X
julie berry
SECRETARY37.500250642910X
tricia gaetz
TREASURER37.500531376169X
FieldValueIRS element (for citing)
Total Reportable Comp From Org0TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs355361TotalReportableCompFrmRltdOrgs
Total Other Compensation41251TotalOtherCompensation
Number Individuals GT100 K0NumberIndividualsGT100K
Formers Listed0FormersListed
Total Comp GT150 K0TotalCompGT150K
Compensation From Other Sources1CompensationFromOtherSources

Contractor Compensation ContractorCompensation (4 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1CityAddressOfContractor/AddressUS/CityStateAddressOfContractor/AddressUS/StateZIP CodeAddressOfContractor/AddressUS/ZIPCodeDescription Of ServicesDescriptionOfServicesCompensationCompensation
KET FOUNDATION INC
600 COOPER DRIVELEXINGTONKY40502LEASED EMPLOYEES & SERVICES685928
direct mail worldwide
36 CORDAGE PARK CIRCLEPLYMOUTHMA02360DIRECT MARKETING SERVICES136502
BLACKBAUD
20 CANAL PARK STE 4300CAMBRIDGEMA02141DATABASE MANAGEMENT119121
forest incentives
230 FAIRHILL STREETWILLOW GROVEPA19090premiums101698
FieldValueIRS element (for citing)
Number Of Contractors GT100 K4NumberOfContractorsGT100K
All Other Contributions3575045AllOtherContributions
Noncash Contributions8323NoncashContributions
Total Contributions3575045TotalContributions

Investment Income InvestmentIncome

FieldValueIRS element (for citing)
Total Revenue Column258887TotalRevenueColumn
Exclusion$258,887ExclusionAmount

Gross Rents GrossRents

FieldValueIRS element (for citing)
Real14400Real

Rental Income Or Loss RentalIncomeOrLoss

FieldValueIRS element (for citing)
Real14400Real

Net Rental Income Or Loss NetRentalIncomeOrLoss

FieldValueIRS element (for citing)
Total Revenue Column14400TotalRevenueColumn
Related Or Exempt Function Income14400RelatedOrExemptFunctionIncome

Gross Amount Sales Assets GrossAmountSalesAssets

FieldValueIRS element (for citing)
Securities1766269Securities

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

FieldValueIRS element (for citing)
Securities1757276Securities

Gain Or Loss GainOrLoss

FieldValueIRS element (for citing)
Securities8993Securities

Net Gain Or Loss Investments NetGainOrLossInvestments

FieldValueIRS element (for citing)
Total Revenue Column8993TotalRevenueColumn
Exclusion$8,993ExclusionAmount
FieldValueIRS element (for citing)
Gross Income Fundraising Events342354GrossIncomeFundraisingEvents
Fundraising Direct Expenses141424FundraisingDirectExpenses

Net Income From Fundraising Events NetIncomeFromFundraisingEvents

FieldValueIRS element (for citing)
Total Revenue Column200930TotalRevenueColumn
Exclusion$200,930ExclusionAmount

Total Revenue TotalRevenue

FieldValueIRS element (for citing)
Total Revenue Column4058255TotalRevenueColumn
Related Or Exempt Function Income14400RelatedOrExemptFunctionIncome
Unrelated Business Revenue0UnrelatedBusinessRevenue
Exclusion$468,810ExclusionAmount

Grants To Domestic Orgs GrantsToDomesticOrgs

FieldValueIRS element (for citing)
Total389471Total
Program Services389471ProgramServices

Fees For Services Legal FeesForServicesLegal

FieldValueIRS element (for citing)
Total4Total
Management And General4ManagementAndGeneral

Occupancy Occupancy

FieldValueIRS element (for citing)
Total15713Total
Management And General15713ManagementAndGeneral

Travel Travel

FieldValueIRS element (for citing)
Total10728Total
Management And General5939ManagementAndGeneral
Fundraising4789Fundraising

Conferences Meetings ConferencesMeetings

FieldValueIRS element (for citing)
Total6918Total
Management And General4755ManagementAndGeneral
Fundraising2163Fundraising

Depreciation Depletion DepreciationDepletion

FieldValueIRS element (for citing)
Total26240Total
Management And General26240ManagementAndGeneral

Insurance Insurance

FieldValueIRS element (for citing)
Total13623Total
Management And General13623ManagementAndGeneral

Other Expenses OtherExpenses (5 entries)

DescriptionDescriptionTotalTotalProgram ServicesProgramServicesManagement And GeneralManagementAndGeneralFundraisingFundraising
CONTRIBUTIONS TO KET17680001768000
CONTRACTS673833245073428760
POSTAGE AND SHIPPING2834961762281734
PREMIUMS/MEMBER CARDS266396266396
MEMBERSHIP OUTSOURCING118842118842

All Other Expenses AllOtherExpenses

FieldValueIRS element (for citing)
Total204723Total
Management And General64446ManagementAndGeneral
Fundraising140277Fundraising

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total3777987Total
Program Services2157471ProgramServices
Management And General377555ManagementAndGeneral
Fundraising1242961Fundraising

Cash Non Interest Bearing CashNonInterestBearing

FieldValueIRS element (for citing)
BOY2042514BOY
EOY1974339EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

FieldValueIRS element (for citing)
BOY418442BOY
EOY482920EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

FieldValueIRS element (for citing)
BOY440515BOY
EOY434491EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

FieldValueIRS element (for citing)
BOY175025BOY
EOY221741EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

FieldValueIRS element (for citing)
BOY23862BOY
EOY23881EOY
FieldValueIRS element (for citing)
Land Buildings Equipment Basis813228LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec561370LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

FieldValueIRS element (for citing)
BOY270362BOY
EOY251858EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

FieldValueIRS element (for citing)
BOY4334507BOY
EOY4703524EOY

Investments Other Securities InvestmentsOtherSecurities

FieldValueIRS element (for citing)
BOY2790612BOY
EOY3605936EOY

Other Assets Total OtherAssetsTotal

FieldValueIRS element (for citing)
BOY48269BOY
EOY44012EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY10544108BOY
EOY11742702EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

FieldValueIRS element (for citing)
BOY3629BOY
EOY3324EOY

Deferred Revenue DeferredRevenue

FieldValueIRS element (for citing)
BOY169807BOY
EOY305726EOY

Other Liabilities OtherLiabilities

FieldValueIRS element (for citing)
BOY1825694BOY
EOY1946977EOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY1999130BOY
EOY2256027EOY
FieldValueIRS element (for citing)
Follow SFAS117XFollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

FieldValueIRS element (for citing)
BOY4278561BOY
EOY4953775EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

FieldValueIRS element (for citing)
BOY2242834BOY
EOY2509317EOY

Permanently Restricted Net Assets PermanentlyRestrictedNetAssets

FieldValueIRS element (for citing)
BOY2023583BOY
EOY2023583EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY8544978BOY
EOY9486675EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY10544108BOY
EOY11742702EOY
FieldValueIRS element (for citing)
Method Of Accounting AccrualXMethodOfAccountingAccrual
Accountant Compile Or Review0AccountantCompileOrReview
FS Audited1FSAudited
Audit Committee1AuditCommittee
Financial Statement ConsolidatedXFinancialStatementConsolidated
Federal Grant Audit Required0FederalGrantAuditRequired

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org170b1 AviXPubliclySupportedOrg170b1Avi

Gifts Grants Contrib Received170 GiftsGrantsContribReceived170

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years3506635CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years3779680CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years3697103CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year3710355CurrentTaxYearMinus1Year
Current Tax Year3575045CurrentTaxYear
Total18268818Total

Total170 Total170

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years3506635CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years3779680CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years3697103CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year3710355CurrentTaxYearMinus1Year
Current Tax Year3575045CurrentTaxYear
Total18268818Total
FieldValueIRS element (for citing)
Public Support Total17018268818PublicSupportTotal170

Gross Investment Income170 GrossInvestmentIncome170

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years264241CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years251466CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years301677CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year268975CurrentTaxYearMinus1Year
Current Tax Year273287CurrentTaxYear
Total1359646Total
FieldValueIRS element (for citing)
Total Support19628464TotalSupport
Gross Receipts From Admissions Etc1219960GrossReceiptsFromAdmissionsEtc
Public Support Pertcentage1700.93070PublicSupportPertcentage170
Public Support Pertcent Prior Year0.93470PublicSupportPertcentPriorYear
Thirty Three Percnt Tests CY170XThirtyThreePercntTestsCY170

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

FieldValueIRS element (for citing)
Contributor NumberRESTRICTEDContributorNumber

Contributor Name Business ContributorNameBusiness

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor Address US ContributorAddressUS

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Aggregate ContributionsRESTRICTEDAggregateContributions

Schedule D IRS990ScheduleD

Current Year CurrentYear

FieldValueIRS element (for citing)
Beginning Of Year Balance3923566BeginningOfYearBalance
Contributions26500Contributions
Investment Earnings Or Losses390046InvestmentEarningsOrLosses
End Of Year Balance4340112EndOfYearBalance

Current Year Minus1 Year CurrentYearMinus1Year

FieldValueIRS element (for citing)
Beginning Of Year Balance4800178BeginningOfYearBalance
Contributions57500Contributions
Investment Earnings Or Losses-810112InvestmentEarningsOrLosses
Other Expenditures124000OtherExpenditures
End Of Year Balance3923566EndOfYearBalance
FieldValueIRS element (for citing)
Board Designated EOY Balance0.53000BoardDesignatedEOYBalance
Permanent Endowment EOY Balance0.47000PermanentEndowmentEOYBalance
Endowments Held By Unrelated Orgs0EndowmentsHeldByUnrelatedOrgs
Endowments Held By Related Orgs0EndowmentsHeldByRelatedOrgs

Buildings Buildings

FieldValueIRS element (for citing)
Investment Cost Or Other Basis604529InvestmentCostOrOtherBasis
Depreciation353818Depreciation
Book Value250711BookValue

Equipment Equipment

FieldValueIRS element (for citing)
Investment Cost Or Other Basis208699InvestmentCostOrOtherBasis
Depreciation207552Depreciation
Book Value1147BookValue
FieldValueIRS element (for citing)
Total Of Book Value Land Buildings251858TotalOfBookValueLandBuildings

Other Securities OtherSecurities

FieldValueIRS element (for citing)
DescriptionMUTUAL FUNDSDescription
Book Value3605936BookValue
Method Of ValuationFMethodOfValuation
FieldValueIRS element (for citing)
Total Of Book Value Securities3605936TotalOfBookValueSecurities

Other Liabilities OtherLiabilities

FieldValueIRS element (for citing)
DescriptionDUE TO AFFILIATEDescription
Amount$1,946,977Amount
FieldValueIRS element (for citing)
Total Of Amounts1946977TotalOfAmounts
Total Revenue4058255TotalRevenue
Total Expenses3777987TotalExpenses
Excess Or Deficit For Year280268ExcessOrDeficitForYear
Net Unrealized GL On Investments661429NetUnrealizedGLOnInvestments
Total Adjustments661429TotalAdjustments
Excess Or Deficit Per FS941697ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt4861108TotRevenueEtcAuditedFinclStmt
Net Unrealized Gains Investments661429NetUnrealizedGainsInvestments
Other Revenues141424OtherRevenues
Revenue Not Rptd F990802853RevenueNotRptdF990
Revenue Subtotal4058255RevenueSubtotal
Revenue Not Rptd On Fin Stmt0RevenueNotRptdOnFinStmt
Total Revenue Per Form9904058255TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt3919411TotExpensesEtcAuditedFinclStmt
Other Expenses Included141424OtherExpensesIncluded
Expenses Not Rptd F990141424ExpensesNotRptdF990
Expenses Subtotal3777987ExpensesSubtotal
Expenses Not Rptd On Fin Stmt0ExpensesNotRptdOnFinStmt
Total Expenses Per Form9903777987TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (2 entries)

IdentifierIdentifierExplanationExplanation
Part XII, Line 2d - Other Adjustments:SPECIAL EVENTS COSTS: 141424.
Part XIII, Line 2d - Other Adjustments:SPECIAL EVENTS COSTs: 141424.

Schedule G IRS990ScheduleG

Events Information EventsInformation

FieldValueIRS element (for citing)
Name Of Event1SUMMER CELEBRATIONNameOfEvent1
Gross Receipts Event1193659GrossReceiptsEvent1
Gross Revenue Event1193659GrossRevenueEvent1
Other Direct Expenses Event193156OtherDirectExpensesEvent1
Name Of Event2thoroughbredNameOfEvent2
Gross Receipts Event265023GrossReceiptsEvent2
Gross Revenue Event265023GrossRevenueEvent2
Other Direct Expenses Event221317OtherDirectExpensesEvent2
Total Number Of Other Events3TotalNumberOfOtherEvents
Gross Receipts Other Events77375GrossReceiptsOtherEvents
Gross Revenue Other Events77375GrossRevenueOtherEvents
Other Direct Expenses Other Events22402OtherDirectExpensesOtherEvents
Gross Receipts Total336057GrossReceiptsTotal
Gross Revenue Total Events336057GrossRevenueTotalEvents
Other Direct Expenses Total Events136875OtherDirectExpensesTotalEvents
Direct Expense Summary Events136875DirectExpenseSummaryEvents
Net Income Summary199182NetIncomeSummary

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Records Maintained0RecordsMaintained

Recipient Table RecipientTable

Recipient Name Business RecipientNameBusiness

FieldValueIRS element (for citing)
Business Name Line1KY EDUCATIONAL TELEVISION FOUNDATIONBusinessNameLine1

Address US AddressUS

FieldValueIRS element (for citing)
Address Line1600 EAST COOPER DRIVEAddressLine1
CityLEXINGTONCity
StateKYState
ZIP Code40502ZIPCode
FieldValueIRS element (for citing)
EIN Of Recipient610722558EINOfRecipient
IRC Section501(C)(3)IRCSection
Amount Of Cash Grant389471AmountOfCashGrant
Purpose Of GrantPRODUCTION OF EDUCATIONAL PROGRAMSPurposeOfGrant
FieldValueIRS element (for citing)
Total Nbr Of501 C3 And Govt Grants1TotalNbrOf501C3AndGovtGrants
Total Nbr Of Other Organizations1TotalNbrOfOtherOrganizations

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Independent ConsultantXIndependentConsultant
Compensation SurveyXCompensationSurvey
Board Or Committee ApprovalXBoardOrCommitteeApproval
Severance Payment0SeverancePayment
Supplemental Nonqual Retire Plan0SupplementalNonqualRetirePlan
Equity Based Comp Arrangement0EquityBasedCompArrangement
Comp Based On Revenue Of Filing Org0CompBasedOnRevenueOfFilingOrg
Comp Based On Revenue Related Orgs0CompBasedOnRevenueRelatedOrgs
Comp Based Net Earnings Filing Org0CompBasedNetEarningsFilingOrg
Comp Based Net Earnings Relate Orgs0CompBasedNetEarningsRelateOrgs
Any Non Fixed Payments0AnyNonFixedPayments
Initial Contract Exception0InitialContractException

Form990 Schedule J Part III Form990ScheduleJPartIII

FieldValueIRS element (for citing)
IdentifierSupplemental InformationIdentifier
Return ReferencePart IIIReturnReference
ExplanationPart VII, Line 5: Michele Ripley received $400 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.Explanation

Schedule L IRS990ScheduleL

Form990 Schedule L Part IV Form990ScheduleLPartIV (2 entries)

RelationshipRelationshipDescription Of TransactionDescriptionOfTransactionSharing Of RevenuesSharingOfRevenues
WILLIAM T YOUNG JR
DIRECTORWILLIAM 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
PRESIDENTMICHELE RIPLEY IS THE PRESIDENT OF THE COMMONWEALTH FUND FOR KET, INC. AND ALSO SERVES ON THE BOARD OF THEIR BANKING INSTITUTION, CENTRAL BANK.0

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (9 entries)

IdentifierIdentifierExplanationExplanationReturn ReferenceReturnReference
Form 990, Part VI, Section A, line 7aTHE BOARD INCLUDES THREE MEMBERS WHO ARE APPOINTED BY THE KENTUCKY AUTHORITY FOR EDUCATIONAL TELEVISION.
Form 990, Part VI, Section B, line 11The Commonwealth Fund for KET Board accepted the latest audit on October 29, 2010, 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 our extended deadline of February 15, 2011.
Form 990, Part VI, Section B, line 12cThis 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 15ALTHOUGH 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 19THE DOCUMENTS LISTED ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
Form 990, Part VIIMIRA S. BALL - P.O. BOX 12950, 3609 WALDEN DR., LEXINGTON, KY 40517. JOHN S. DOMASCHKO - 1 ROEBLING WAY, COVINGTON, KY 41011. dan griffith - 10 QUALITY STREET, LEXINGTON, KY 40507. TREY GRAYSON - 700 CAPITAL AVENUE, STATE CAPITAL SUITE 152, FRANKFORT, KY 40601. 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 - P.O. BOX 1690, LEXINGTON, KY 40588. KIMBERLY D. PATTON - 332 EAST 8TH STREET, CINCINNATI, OH 45202. WILLIAM T. YOUNG, JR. - P.O. BOX 1110, LEXINGTON, KY 40589. VICKIE YATES BROWN - 400 W. MARKET ST., SUITE 3200, LOUISVILLE, KY 40202. biff campbell - 328 SOUTH MILL, lEXINGTON, KY 40508. rusty cheuvront - 850 dixie highway, louISVILLE, KY 40210. dr. t. pearse lyons - 3031 catnip hill pike, nicholasville, KY 40356. MARY PAT REGAN - 601 W. CHESTNUT STREET, SUITE 408, LOUISVILLE, KY 40203.Contact Addresses for Officers, Directors, Etc
there is no change from the prior year in the selection of the independent auditor.
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.

Schedule R IRS990ScheduleR

Form990 Schedule R Part II Form990ScheduleRPartII (2 entries)

Address Line1AddressUS/AddressLine1CityAddressUS/CityStateAddressUS/StateZIP CodeAddressUS/ZIPCodeEINEINPrimary ActivitiesPrimaryActivitiesLegal Domicile StateLegalDomicileStateExempt Code SectionExemptCodeSectionPublic Charity StatusPublicCharityStatus
KY EDUCATIONAL TELEVISION FOUNDATION
600 EAST COOPER DRIVELEXINGTONKY40502610722558ASSIST THE KY AUTH. FOR EDUC'L TELE. IN THE PRODUCTION OF EDUC'L PROGRAMSKY501(C)(3)170(b)(1) (A)(vi)
KY AUTHORITY FOR EDUCATIONAL TELEVISION
600 EAST COOPER DRIVELEXINGTONKY40502610600439ACQUIRE AND PRODUCE EDUCATIONAL PROGRAMS FOR TELEVISIONKY501(C)(3)170(b)(1) (A)(vi)
FieldValueIRS element (for citing)
Receipt Of Int Ann Rents Royalties0ReceiptOfIntAnnRentsRoyalties
Gift Grant Or Cap Contr To Other Org1GiftGrantOrCapContrToOtherOrg
Gift Grant Or Cap Contr Fr Other Org0GiftGrantOrCapContrFrOtherOrg
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrg
Loans Or Guarantees From Other Org0LoansOrGuaranteesFromOtherOrg
Sale Of Assets To Other Org0SaleOfAssetsToOtherOrg
Purchase Of Assets From Other Org0PurchaseOfAssetsFromOtherOrg
Exchange Of Assets0ExchangeOfAssets
Rental Of Facilities To Other Orgs1RentalOfFacilitiesToOtherOrgs
Rental Of Facilities Fr Other Orgs1RentalOfFacilitiesFrOtherOrgs
Perform Of Services For Other Orgs0PerformOfServicesForOtherOrgs
Perform Of Services By Other Orgs0PerformOfServicesByOtherOrgs
Sharing Of Facilities0SharingOfFacilities
Sharing Of Paid Employees0SharingOfPaidEmployees
Reimbursement Paid To Other Org1ReimbursementPaidToOtherOrg
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrg
Other Transfer To Other Org0OtherTransferToOtherOrg
Other Transfer From Other Org0OtherTransferFromOtherOrg

Transactions Related Orgs Table TransactionsRelatedOrgsTable (4 entries)

Transaction TypeTransactionTypeAmount InvolvedAmountInvolved
KY EDUCATIONAL TELEVISION FOUNDATION
B2157471
KY EDUCATIONAL TELEVISION FOUNDATION
J636400
KY EDUCATIONAL TELEVISION FOUNDATION
I14400
KY AUTHORITY FOR EDUCATIONAL TELEVISION
O83683