Licking Valley Community Action Program FY2020 filing

Tax-deductible

Flemingsburg, KY501(c)(3)Since 1965Human ServicesEIN 61-0660543

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Assist low income, handicapped and elderly clients.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
$50K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2020 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average deficit $609 a year · under 1% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$50K
to officers and key staff · 0.8% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $6K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.7M
37% of total assets
Looks good: liabilities are 37% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.3M
Spent
$5.9M
To programs
90%
Net assets
$2.8M
By yearFY2020–FY2024
Revenue
$4.3M
FY2020
Revenue by fiscal year
FY2020$4.3M
FY2021$7.4M
FY2022$7.6M
FY2023$7.5M
FY2024$8.1M
FY2024$8.4M
Expenses
$5.9M
FY2020
Expenses by fiscal year
FY2020$5.9M
FY2021$6.6M
FY2022$7.4M
FY2023$7.1M
FY2024$8.0M
FY2024$8.3M
Net assets
$2.8M
FY2020
Net assets by fiscal year
FY2020$2.8M
FY2021$3.7M
FY2022$3.9M
FY2023$4.3M
FY2024$4.5M
FY2024$4.5M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1968.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $5.3M Management & general 10% · $603K

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

15 people listed on the 990; $50K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Executive Director
$49,601Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Kenneth Walters’s $88K as Executive Director is at the 24th percentile of top reported officer pay among 3869 $1–10M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Kenneth Walters$88,446$86,184$78,546$78,174$80,729$49,601

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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

Helps low-income, handicapped, and elderly individuals with essential needs.

Provided by the organization

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3 program services account for $4.1M of program spending, described in the organization's own filed words · FY2019.
01

Transportation

With the start of the global pandemic and services being shut down throughout our country we still provided transportation for clients of our service area. In the start of the pandemic we had received a request for services from an individual that had lost their transportation due to the pandemic starting for dialysis.

$2.4Mprogram expense
02

CSBG/ liheap- throughout the service year, we help many clients with different challenges in their lives. For instance, our senior center in vanceburg identified a gentleman while providing CSBG and liheap services that was in need of additional assistance.

$1.5Mprogram expense
03

Community Collaboration for Children

With our community collaboration for children program. The in-home service specialist, together with the community partners, works together to help each family meet their specific goals. We have had a year of uncertainly cause by the COVID-19 pandemic. Our goal is to help families deal with their immediate needs.

$198Kprogram expense

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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 2 funders$6K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$4.3M
Ln 12
Gifts and grantsLn 1h$3.3M
Fees for servicesLn 2g$1.8M
Investment incomeLn 3$18K
Money outPt IX
$5.9M
Ln 25
Programscol B$5.3M
Managementcol C$603K
Owns and owesPt X
$2.8M
net assets · Ln 32
Cash and savingsLn 1–2$1.5M
Total assetsLn 16$4.5M
LiabilitiesLn 26$1.7M
PeoplePt VI, VII
15
listed · VII A
PaidVII A1
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.3M
Government grantsLn 1e$3.3M
Fees for servicesLn 2g$1.8M
Investment incomeLn 3$18K
Gains on assetsLn 7−$923K
Total revenueLn 12$4.3M
Assets in detailPt X, end of year
CashLn 1$1.5M
Cash and savings togetherLn 1–2$1.5M
InvestmentsLn 11–13$943K
Land, buildings, equipmentLn 10c$1.3M
Total assetsLn 16$4.5M
LiabilitiesLn 26$1.7M
Net assetsLn 32$2.8M
OperationsPt I, VI
EmployeesI 5144
VolunteersI 6182
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 FY20End FY20
Cash and savingsLn 1–2$1.9M$1.5M
InvestmentsLn 11–13$937K$943K
Land, buildings, equipmentLn 10c$2.2M$1.3M
Total assetsLn 16$6.0M$4.5M
LiabilitiesLn 26$1.5M$1.7M
Net assetsLn 32$4.5M$2.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$2.1M$1.8M$268K
Other employee benefitsLn 9$756K$654K$102K
Other fees for servicesLn 11g$387K$364K$23K
OccupancyLn 16$150K$120K$30K
TravelLn 17$42K$30K$13K
Depreciation, depletion and amortizationLn 22$491K$491K
InsuranceLn 23$201K$123K$79K
Other expenses (24a–d)Ln 24$1.7M$1.6M$66K
All other expensesLn 24e$95K$74K$21K
Total functional expensesLn 25$5.9M$5.3M$603K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $8.1M$8.0M$157K$4.5M 990 PDF
FY2023 $7.5M$7.1M$429K$4.3M 990 PDF
FY2022 $7.6M$7.4M$211K$3.9M 990 PDF
FY2021 $7.4M$6.6M$824K$3.7M 990 PDF
FY2020 Viewing $4.3M$5.9M−$1.6M$2.8M 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 FY2020 990 (4 parts)
Part VIII · Statement of revenue $4,274,321 across 7 lines filed
VIII-1e Government grants$3,288,382
VIII-1h Total contributions, gifts and grants$3,288,382
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,848,223$1,848,223
VIII-3 Investment incomeExcluded from tax $17,990$17,990
VIII-7 Net gain or loss on sales of assetsRelated to mission −$922,699−$922,699
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $42,425$42,425
VIII-12 Total revenueRelated to mission $967,949 · Unrelated business $0 · Excluded from tax $17,990$4,274,321
Part IX · Statement of functional expenses $5,898,986 across 9 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $1,795,398 · Management $268,301$2,063,699
IX-9 Other employee benefitsPrograms $653,532 · Management $102,431$755,963
IX-11g Other fees for servicesPrograms $363,932 · Management $23,315$387,247
IX-16 OccupancyPrograms $120,003 · Management $30,184$150,187
IX-17 TravelPrograms $29,530 · Management $12,690$42,220
IX-22 Depreciation, depletion and amortizationPrograms $490,674$490,674
IX-23 InsurancePrograms $122,581 · Management $78,572$201,153
IX-24 Other expenses (24a–d)Programs $1,646,395 · Management $66,281$1,712,676
IX-24e All other expensesPrograms $74,003 · Management $21,164$95,167
IX-25 Total functional expensesPrograms $5,296,048 · Management $602,938 · Fundraising $0$5,898,986
Part X · Balance sheet $4,500,058 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $1,863,098$1,470,596
X-3 Pledges and grants receivableStart of year $952,615$784,372
X-4 Accounts receivableStart of year $6,119$6,119
X-10c Land, buildings and equipment, netStart of year $2,194,728$1,296,183
X-12 Other securitiesStart of year $937,088$942,788
X-16 Total assetsStart of year $5,958,453$4,500,058
X-17 Accounts payable and accrued expensesStart of year $211,644$140,625
X-19 Deferred revenueStart of year $271,116$209,148
X-24 Unsecured notes and loans payable$614,284
X-25 Other liabilitiesStart of year $1,012,227$697,200
X-26 Total liabilitiesStart of year $1,494,987$1,661,257
X-27 Net assets without donor restrictionsStart of year $4,463,466$2,831,063
X-28 Net assets with donor restrictionsStart of year $0$7,738
X-32 Total net assets or fund balancesStart of year $4,463,466$2,838,801
X-33 Total liabilities and net assetsStart of year $5,958,453$4,500,058
Part XI · Reconciliation of net assets $2,838,801 net assets at year end
XI-1 Total revenue$4,274,321
XI-2 Total expenses$5,898,986
XI-3 Revenue less expenses−$1,624,665
XI-4 Net assets at start of year$4,463,466
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,838,801

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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