2011-02-09T11:53:55-06:00 2010-06-30 VonLehman & Company Inc 250 Grandview Dr Suite 300 Ft Mitchell KY 41017 990 2009-07-01 611285473 COMMONWEALTH FUND FOR KET INC COMM 8592587000 600 COOPER DRIVE LEXINGTON KY 40502 michele ripley 8592587000 2011-02-07 1 8593313300 2009 2016-02-24 21:20:13Z MICHELE RIPLEY 600 COOPER DRIVE LEXINGTON KY 40502 5956955 0 X WWW.KET.ORG X 1994 KY SEE SCHEDULE O. 16 15 0 725 0 0 3710355 3575045 0 223668 267880 170338 215330 4104361 4058255 491920 389471 0 0 0 1242961 3597171 3388516 4089091 3777987 15270 280268 10544108 11742702 1999130 2256027 8544978 9486675 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 2157471 RAISE AND ADMINISTER FUNDS FOR THE BENEFIT OF KENTUCKY AUTHORITY FOR EDUCATIONAL TELEVISION 2157471 1 1 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 1 13 0 0 0 0 0 0 0 1 1 0 0 0 16 15 0 0 0 0 0 1 0 1 1 1 0 1 1 1 1 1 1 1 1 0 KY X X DONNA VERHOEVEN 8592587000 600 COOPER DRIVE LEXINGTON KY 40502 X MIRA S BALL 1.00 X 0 0 0 dan griffith 1.00 X 0 0 0 TREY GRAYSON 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 shae hopkins 1.00 X 0 129697 15058 WILLIAM T YOUNG JR 1.00 X 0 0 0 VICKIE YATES BROWN 1.00 X 0 0 0 biff campbell 1.00 X 0 0 0 rusty cheuvront 1.00 X 0 0 0 dr t pearse lyons 1.00 X 0 0 0 MARY PAT REGAN 1.00 X 0 0 0 malcolm wall 1.00 X 0 34248 3976 MICHELE RIPLEY 37.50 X 0 113165 13138 JOHN S DOMASCHKO 1.00 X 0 0 0 JOHN R HALL 1.00 X 0 0 0 KIMBERLY D PATTON 1.00 X 0 50 0 julie berry 37.50 X 0 25064 2910 tricia gaetz 37.50 X 0 53137 6169 0 355361 41251 0 0 0 1 KET FOUNDATION INC 600 COOPER DRIVE LEXINGTON KY 40502 LEASED EMPLOYEES & SERVICES 685928 direct mail worldwide 36 CORDAGE PARK CIRCLE PLYMOUTH MA 02360 DIRECT MARKETING SERVICES 136502 BLACKBAUD 20 CANAL PARK STE 4300 CAMBRIDGE MA 02141 DATABASE MANAGEMENT 119121 forest incentives 230 FAIRHILL STREET WILLOW GROVE PA 19090 premiums 101698 4 3575045 8323 3575045 258887 258887 14400 14400 14400 14400 1766269 1757276 8993 8993 8993 342354 141424 200930 200930 4058255 14400 0 468810 389471 389471 4 4 15713 15713 10728 5939 4789 6918 4755 2163 26240 26240 13623 13623 CONTRIBUTIONS TO KET 1768000 1768000 CONTRACTS 673833 245073 428760 POSTAGE AND SHIPPING 283496 1762 281734 PREMIUMS/MEMBER CARDS 266396 266396 MEMBERSHIP OUTSOURCING 118842 118842 204723 64446 140277 3777987 2157471 377555 1242961 2042514 1974339 418442 482920 440515 434491 175025 221741 23862 23881 813228 561370 270362 251858 4334507 4703524 2790612 3605936 48269 44012 10544108 11742702 3629 3324 169807 305726 1825694 1946977 1999130 2256027 X 4278561 4953775 2242834 2509317 2023583 2023583 8544978 9486675 10544108 11742702 X 0 1 1 X 0 X 3506635 3779680 3697103 3710355 3575045 18268818 3506635 3779680 3697103 3710355 3575045 18268818 18268818 264241 251466 301677 268975 273287 1359646 19628464 1219960 0.93070 0.93470 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3923566 26500 390046 4340112 4800178 57500 -810112 124000 3923566 0.53000 0.47000 0 0 604529 353818 250711 208699 207552 1147 251858 MUTUAL FUNDS 3605936 F 3605936 DUE TO AFFILIATE 1946977 1946977 4058255 3777987 280268 661429 661429 941697 4861108 661429 141424 802853 4058255 0 4058255 3919411 141424 141424 3777987 0 3777987 Part XII, Line 2d - Other Adjustments: SPECIAL EVENTS COSTS: 141424. Part XIII, Line 2d - Other Adjustments: SPECIAL EVENTS COSTs: 141424. SUMMER CELEBRATION 193659 193659 93156 thoroughbred 65023 65023 21317 3 77375 77375 22402 336057 336057 136875 136875 199182 0 KY EDUCATIONAL TELEVISION FOUNDATION 600 EAST COOPER DRIVE LEXINGTON KY 40502 610722558 501(C)(3) 389471 PRODUCTION OF EDUCATIONAL PROGRAMS 1 1 X X X 0 0 0 0 0 0 0 0 0 Supplemental Information Part III Part 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. 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 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 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. Form 990, Part VII Contact Addresses for Officers, Directors, Etc MIRA 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. 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. 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) 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 1 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 KY EDUCATIONAL TELEVISION FOUNDATION B 2157471 KY EDUCATIONAL TELEVISION FOUNDATION J 636400 KY EDUCATIONAL TELEVISION FOUNDATION I 14400 KY AUTHORITY FOR EDUCATIONAL TELEVISION O 83683