Kentucky Engineering Foundation INC FY2021 filing

Tax-deductible

Frankfort, KY501(c)(3)EducationEIN 31-0999048Revenue $64K in FY2021

On file with the IRSkyengcenter.org160 Democrat Dr, 40601-9229 · Frankfort, KYTax-exempt since Feb 1981Publicly supported — 509(a)(2)

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The Kentucky Engineering Foundation grants scholarships, provides guidance and assists worthy students to obtain instruction and training in Engineering and mathematics; instruction of the public and the dissemination of Engineering information beneficial to the interested public; conduct and support of programs for education in Engineering and related subjects. Activities include mathcounts, scholarships, partnering conference and fund raising.

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average surplus $2K a year · under 1% of revenue · last 6 filings
Worth a look: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
44 mo
of spending, in cash
Looks good: 43.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $15K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$38K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$64K
-80% vs prior year
Spent
$91K
To programs
81%
Net assets
$1.5M
By yearFY2020–FY2025
Revenue
$64K
FY2021▼ -80%
Tap a bar for its year
Revenue by fiscal year
FY2020$315K
FY2021$64K
FY2022$278K
FY2023$333K
FY2024$433K
FY2025$361K
Expenses
$91K
FY2021▼ -68%
Tap a bar for its year
Expenses by fiscal year
FY2020$283K
FY2021$91K
FY2022$280K
FY2023$384K
FY2024$348K
FY2025$388K
Net assets
$1.5M
FY2021▲ +26%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.2M
FY2021$1.5M
FY2022$1.4M
FY2023$1.5M
FY2024$1.8M
FY2025$2.0M

From the FY2021 Form 990 (year ending June 2021) · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1981.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $73K Management & general 19% · $18K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Regional Dir
$0Pt VII · Sec A
Acec-KY Pres
$0Pt VII · Sec A
Kspe Preside
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Mathcounts S
$0Pt VII · Sec A
Appointed Di
$0Pt VII · Sec A
Regional Dir
$0Pt VII · Sec A
See Kentucky Engineering Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides scholarships and educational programs to support aspiring engineers and mathematicians.

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Provided by the organization

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3 programs · $73K · in their own filed words · FY2020
01

Award scholarships for college from math competitions for middle school children and other students entering the engineering field.

$56Kprogram expense
02

Provide math & robitics competition to students who major in math or engineering and other deserving students majoring in engineering in hopes of furthering interest in the engineering profession for our youth that show interest and apptitude for engineering.

$10Kprogram expense
03

Promote the education issues of the engineering profession throughout the commonwealth of kentucky as well as keeping those in the engineering field up to date on new technologies and public safety issues and concerns through leadership pe, convention, and seminars, etc.

$7Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$15K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$64K
Ln 12
Gifts and grantsLn 1h$25K
Investment incomeLn 3$17K
Fees for servicesLn 2g$12K
Money outPt IX
$91K
Ln 25
Programscol B$73K
Managementcol C$18K
Owns and owesPt X
$1.5M
net assets · Ln 32
Cash and savingsLn 1–2$330K
Total assetsLn 16$1.6M
LiabilitiesLn 26$38K
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$25K
Fees for servicesLn 2g$12K
Investment incomeLn 3$17K
Other incomeLn 4–11$10K
Total revenueLn 12$64K
Assets in detailPt X, end of year
CashLn 1$268K
SavingsLn 2$62K
Cash and savings togetherLn 1–2$330K
InvestmentsLn 11–13$1.2M
Total assetsLn 16$1.6M
LiabilitiesLn 26$38K
Net assetsLn 32$1.5M
OperationsPt I, VI
EmployeesI 50
VolunteersI 6250
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$366K$330K
InvestmentsLn 11–13$879K$1.2M
Total assetsLn 16$1.2M$1.6M
LiabilitiesLn 26$37K$38K
Net assetsLn 32$1.2M$1.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$15K$15K
Other expenses (24a–d)Ln 24$71K$71K
All other expensesLn 24e$5K$2K$3K
Total functional expensesLn 25$91K$73K$18K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $361K$388K−$28K$2.0M 990 PDF
FY2024 $433K$348K$85K$1.8M 990 PDF
FY2023 $333K$384K−$51K$1.5M 990 PDF
FY2022 $278K$280K−$2K$1.4M 990 PDF
FY2021 Viewing $64K$91K−$27K$1.5M 990 PDF
FY2020 $315K$283K$32K$1.2M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $63,784 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $24,805$24,646
I-9 Program service revenuePrior year $167,497$12,339
I-10 Investment incomePrior year $19,061$16,525
I-11 Other revenuePrior year $860$10,274
I-12 Total revenuePrior year $212,223$63,784
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $282,654$90,698
I-18 Total expensesPrior year $282,654$90,698
I-19 Revenue less expensesPrior year −$70,431−$26,914
Part VI · Governance 11 of 11 board members independent, 1 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $63,784 across 7 lines filed
VIII-1f All other contributions, gifts and grants$24,646
VIII-1h Total contributions, gifts and grants$24,646
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $12,339$12,339
VIII-3 Investment incomeExcluded from tax $16,525$16,525
VIII-8 Net income from fundraising events$3,000
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $7,274$7,274
VIII-12 Total revenueRelated to mission $19,613 · Excluded from tax $16,525$63,784
Part IX · Statement of functional expenses $90,698 across 3 lines filed
IX-11c Accounting feesManagement $14,940$14,940
IX-24 Other expenses (24a–d)Programs $71,062$71,062
IX-24e All other expensesPrograms $1,972 · Management $2,724$4,696
IX-25 Total functional expensesPrograms $73,034 · Management $17,664 · Fundraising $0$90,698
Part X · Balance sheet $1,562,906 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $305,622$267,647
X-2 Savings and temporary cash investmentsStart of year $60,518$62,009
X-9 Prepaid expenses and deferred charges$752
X-11 Publicly traded securitiesStart of year $879,481$1,232,498
X-16 Total assetsStart of year $1,245,621$1,562,906
X-17 Accounts payable and accrued expensesStart of year $36,780$38,167
X-26 Total liabilitiesStart of year $36,780$38,167
X-27 Net assets without donor restrictionsStart of year −$54,388−$52,900
X-28 Net assets with donor restrictionsStart of year $1,263,229$1,577,639
X-32 Total net assets or fund balancesStart of year $1,208,841$1,524,739
X-33 Total liabilities and net assetsStart of year $1,245,621$1,562,906
Part XI · Reconciliation of net assets $1,524,739 net assets at year end
XI-1 Total revenue$63,784
XI-2 Total expenses$90,698
XI-3 Revenue less expenses−$26,914
XI-4 Net assets at start of year$1,208,841
XI-5 Net unrealized gains (losses) on investments$342,812
XI-10 Net assets at end of year$1,524,739

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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