Licking Valley Community Action Program FY2024 filing

Tax-deductible

Flemingsburg, KY501(c)(3)Since 1965Human ServicesEIN 61-0660543Revenue $8.1M in FY2024

On file with the IRSlvcap.com203 High St, 41041-1236 · Flemingsburg, KYTax-exempt since Apr 1968Publicly supported charity — 170(b)(1)(A)(vi)

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Assist low income, handicapped and elderly clients.

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
$86K 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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FY2024 · 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
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$86K
to officers and key staff · 1% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.3 months of spending in cash; 1 to 3.
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
$857K
16% of total assets
Looks good: liabilities are 16% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$8.1M
+8% vs prior year
Spent
$8.0M
To programs
95%
Net assets
$4.5M
By yearFY2020–FY2024
Revenue
$8.1M
FY2024▲ +8%
Tap a bar for its year
Revenue by fiscal year
FY2020$4.3M
FY2021$7.4M
FY2022$7.6M
FY2023$7.5M
FY2024$8.1M
FY2024$8.4M
Expenses
$8.0M
FY2024▲ +12%
Tap a bar for its year
Expenses by fiscal year
FY2020$5.9M
FY2021$6.6M
FY2022$7.4M
FY2023$7.1M
FY2024$8.0M
FY2024$8.3M
Net assets
$4.5M
FY2024▲ +4%
Tap a bar for its year
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 FY2024 Form 990 (year ending June 2024) · 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

95 cents of each dollar spent went to programs.

Program services 95% · $7.5M Management & general 5% · $430K

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

16 people listed on the 990; $86K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Executive Director
$86,184Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary/Treasurer
$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.

See Licking Valley Community Action Program 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 15aYes

Programs and updates

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

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Provided by the organization

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3 programs · $5.3M · in their own filed words · FY2023
01

Transportation

Transportation is running on a normal schedule. Clients are being transported to and from dialysis, medical appointments, general shopping trips, and to and from work. Clients who are medicaid eligible ride at no charge for medical appointments, and clients without medicaid are charged a small fee.

$3.6Mprogram expense
02

Csbg/Liheap

Throughout the service year, we help many clients with different challenges in their lives. Our services have returned to normal or pre-covid status. These adjustments allowed lvcap to provide a range of services to our communities. The everyday basic needs of meals and HEATING/COOLING were provided to our communities.

$1.4Mprogram expense
03

Community Collaboration for Children

CCC focuses on the prevention of child abuse and neglect while strengthening the power of families, empowering families to be self-sufficient, and encouraging communities to work together for the well-being of their families.

$378Kprogram 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 2 funders$6K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$8.1M
Ln 12
Gifts and grantsLn 1h$7.9M
Fees for servicesLn 2g$147K
Investment incomeLn 3$86K
Money outPt IX
$8.0M
Ln 25
Programscol B$7.5M
Managementcol C$430K
Owns and owesPt X
$4.5M
net assets · Ln 32
Cash and savingsLn 1–2$875K
Total assetsLn 16$5.3M
LiabilitiesLn 26$857K
PeoplePt VI, VII
16
listed · VII A
PaidVII A1
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$7.9M
Government grantsLn 1e$7.9M
Fees for servicesLn 2g$147K
Investment incomeLn 3$86K
Other incomeLn 4–11$14K
Gains on assetsLn 7$34K
Total revenueLn 12$8.1M
Assets in detailPt X, end of year
CashLn 1$875K
Cash and savings togetherLn 1–2$875K
InvestmentsLn 11–13$1.0M
Land, buildings, equipmentLn 10c$2.1M
Other assetsLn 15$25K
Total assetsLn 16$5.3M
LiabilitiesLn 26$857K
Net assetsLn 32$4.5M
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 FY24End FY24
Cash and savingsLn 1–2$2.5M$875K
InvestmentsLn 11–13$983K$1.0M
Land, buildings, equipmentLn 10c$885K$2.1M
Total assetsLn 16$5.2M$5.3M
LiabilitiesLn 26$911K$857K
Net assetsLn 32$4.3M$4.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$3.1M$2.9M$249K
Pension plan contributionsLn 8$535K$481K$54K
Other employee benefitsLn 9$328K$288K$40K
Payroll taxesLn 10$265K$245K$20K
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$15K$14K$784
Other fees for servicesLn 11g$373K$373K
Advertising and promotionLn 12$4K$3K$812
Information technologyLn 14$62K$59K$3K
OccupancyLn 16$6K$6K
TravelLn 17$36K$23K$12K
Depreciation, depletion and amortizationLn 22$640K$640K
InsuranceLn 23$275K$264K$10K
Other expenses (24a–d)Ln 24$2.2M$2.1M$28K
All other expensesLn 24e$166K$156K$9K
Total functional expensesLn 25$8.0M$7.5M$430K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Viewing $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 $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 FY2024 990 (6 parts)
Part I · Summary $8,135,756 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $7,284,897$7,888,697
I-9 Program service revenuePrior year $129,067$147,126
I-10 Investment incomePrior year $86,230$85,964
I-11 Other revenuePrior year $21,685$13,969
I-12 Total revenuePrior year $7,521,879$8,135,756
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $3,703,542$4,239,400
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $3,389,517$3,738,958
I-18 Total expensesPrior year $7,093,059$7,978,358
I-19 Revenue less expensesPrior year $428,820$157,398
Part VI · Governance 15 of 15 board members independent, no flags
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $8,135,756 across 8 lines filed
VIII-1e Government grants$7,882,221
VIII-1f All other contributions, gifts and grants$6,476
VIII-1h Total contributions, gifts and grants$7,888,697
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $147,126$147,126
VIII-3 Investment incomeExcluded from tax $52,143$52,143
VIII-7 Net gain or loss on sales of assetsRelated to mission $33,821$33,821
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $13,969$13,969
VIII-12 Total revenueRelated to mission $194,916 · Unrelated business $0 · Excluded from tax $52,143$8,135,756
Part IX · Statement of functional expenses $7,978,358 across 15 lines filed
IX-7 Other salaries and wagesPrograms $2,862,677 · Management $249,038$3,111,715
IX-8 Pension plan contributionsPrograms $480,582 · Management $54,199$534,781
IX-9 Other employee benefitsPrograms $288,317 · Management $39,583$327,900
IX-10 Payroll taxesPrograms $244,633 · Management $20,371$265,004
IX-11b Legal feesManagement $2,008$2,008
IX-11c Accounting feesPrograms $14,210 · Management $784$14,994
IX-11g Other fees for servicesPrograms $373,484$373,484
IX-12 Advertising and promotionPrograms $3,174 · Management $812$3,986
IX-14 Information technologyPrograms $58,894 · Management $3,440$62,334
IX-16 OccupancyPrograms $6,360$6,360
IX-17 TravelPrograms $23,265 · Management $12,351$35,616
IX-22 Depreciation, depletion and amortizationPrograms $640,460$640,460
IX-23 InsurancePrograms $264,403 · Management $10,448$274,851
IX-24 Other expenses (24a–d)Programs $2,131,219 · Management $27,905$2,159,124
IX-24e All other expensesPrograms $156,455 · Management $9,286$165,741
IX-25 Total functional expensesPrograms $7,548,133 · Management $430,225 · Fundraising $0$7,978,358
Part X · Balance sheet $5,317,006 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $2,485,197$875,345
X-3 Pledges and grants receivableStart of year $782,664$1,262,920
X-9 Prepaid expenses and deferred chargesStart of year $32,492$40,145
X-10c Land, buildings and equipment, netStart of year $885,049$2,084,600
X-12 Other securitiesStart of year $982,800$1,029,303
X-15 Other assetsStart of year $46,077$24,693
X-16 Total assetsStart of year $5,214,279$5,317,006
X-17 Accounts payable and accrued expensesStart of year $114,462$70,589
X-19 Deferred revenue$21,875
X-25 Other liabilitiesStart of year $796,790$764,117
X-26 Total liabilitiesStart of year $911,252$856,581
X-27 Net assets without donor restrictionsStart of year $4,303,027$3,198,805
X-28 Net assets with donor restrictions$1,261,620
X-32 Total net assets or fund balancesStart of year $4,303,027$4,460,425
X-33 Total liabilities and net assetsStart of year $5,214,279$5,317,006
Part XI · Reconciliation of net assets $4,460,425 net assets at year end
XI-1 Total revenue$8,135,756
XI-2 Total expenses$7,978,358
XI-3 Revenue less expenses$157,398
XI-4 Net assets at start of year$4,303,027
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$4,460,425

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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