The Fund is to receive, hold, and administer funds provided by its fundraising activities for the benefit of the kentucky authority for educational television.

501(c)(3) charity; gifts are tax-deductible.
66¢ of each $1 spent went to programs.
Run by 507 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
6 of 7
filings with a surplus
Average surplus $2.0M a year · 21% of revenue · last 7 filings
Fine: a surplus in 6 of the last 7 filings.
Pt I · Ln 19 · 7 filings
Spent on programs
66%
of spending
Fine: 66% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
6 mo
of spending, in cash
Plus $45.3M in investments, Pt X · Ln 11–13
Looks good: 6.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $2K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$691K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
16
of 17 voting members
Looks good: 16 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$11.0M
-27% vs prior year
Spent
$8.2M
To programs
66%
Net assets
$49.5M
By yearFY2019–FY2025
Revenue
$11.0M
FY2025▼ -27%
Tap a bar for its year
Revenue by fiscal year
FY2019$7.5M
FY2020$7.2M
FY2021$10.3M
FY2022$8.9M
FY2023$7.1M
FY2024$15.0M
FY2025$11.0M
Expenses
$8.2M
FY2025▼ -36%
Tap a bar for its year
Expenses by fiscal year
FY2019$5.8M
FY2020$6.0M
FY2021$6.0M
FY2022$6.4M
FY2023$7.4M
FY2024$12.8M
FY2025$8.2M
Net assets
$49.5M
FY2025▲ +11%
Tap a bar for its year
Net assets by fiscal year
FY2019$26.7M
FY2020$27.8M
FY2021$37.7M
FY2022$34.6M
FY2023$38.0M
FY2024$44.4M
FY2025$49.5M

From the FY2025 Form 990 (year ending June 2025) · 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: FY2025. IRS ruling in Jul 1995.

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

Where the money goes

66 cents of each dollar spent went to programs.

Program services 66% · $5.4M Management & general 23% · $1.9M Fundraising 11% · $884K

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

18 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Exec Director/CEO
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director (authority)
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Commonwealth Fund for Ket 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Manages funds raised to support educational television in Kentucky.

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Provided by the organization

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1 program · $5.4M · in their own filed words · FY2024
01

The organization's purpose is to support the mission of the authority for kentucky educational television, the governing body of kentucky educational television (ket). As one of the nation's largest public television networks, ket is used by more than 2 million people each week and its educational resources are utilized in every kentucky…

$5.4Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$2K
Grants paid · 7 grants · $29.2M · 2018–2024

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$11.0M
Ln 12
Gifts and grantsLn 1h$7.9M
Investment incomeLn 3$3.0M
Other incomeLn 4–11$73K
Money outPt IX
$8.2M
Ln 25
Programscol B$5.4M
Managementcol C$1.9M
Fundraisingcol D$884K
Owns and owesPt X
$49.5M
net assets · Ln 32
Cash and savingsLn 1–2$4.2M
Total assetsLn 16$50.2M
LiabilitiesLn 26$691K
PeoplePt VI, VII
18
listed · VII A
PaidVII A0
Voting boardVI 1a17
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$7.9M
Noncash giftsLn 1g$365K
Fundraising eventsLn 1c$381K
Investment incomeLn 3$3.0M
Other incomeLn 4–11$73K
Gains on assetsLn 7$2.1M
Total revenueLn 12$11.0M
Assets in detailPt X, end of year
SavingsLn 2$4.2M
Cash and savings togetherLn 1–2$4.2M
InvestmentsLn 11–13$45.3M
Land, buildings, equipmentLn 10c$109K
Other assetsLn 15$91K
Total assetsLn 16$50.2M
LiabilitiesLn 26$691K
Net assetsLn 32$49.5M
OperationsPt I, VI
EmployeesI 50
VolunteersI 6507
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 FY25End FY25
Cash and savingsLn 1–2$2.3M$4.2M
InvestmentsLn 11–13$40.8M$45.3M
Land, buildings, equipmentLn 10c$193K$109K
Total assetsLn 16$45.2M$50.2M
LiabilitiesLn 26$724K$691K
Net assetsLn 32$44.4M$49.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$5.4M$5.4M
Legal feesLn 11b$7K$7K
Accounting feesLn 11c$30K$30K
Investment management feesLn 11f$210K$210K
Other fees for servicesLn 11g$1.4M$1.4M$29K
Advertising and promotionLn 12$100$100
Office expensesLn 13$60K$3K$57K
OccupancyLn 16$23K$23K
TravelLn 17$11K$6K$5K
Conferences, conventions and meetingsLn 19$14K$7K$7K
InterestLn 20$1K$1K
Depreciation, depletion and amortizationLn 22$44K$44K
InsuranceLn 23$30K$30K
Other expenses (24a–d)Ln 24$835K$142K$693K
All other expensesLn 24e$112K$20K$92K
Total functional expensesLn 25$8.2M$5.4M$1.9M$884K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $11.0M$8.2M$2.8M$49.5M 990 PDF
FY2024 $15.0M$12.8M$2.2M$44.4M 990 PDF
FY2023 $7.1M$7.4M−$317K$38.0M 990 PDF
FY2022 $8.9M$6.4M$2.5M$34.6M 990 PDF
FY2021 $10.3M$6.0M$4.2M$37.7M 990 PDF
FY2020 $7.2M$6.0M$1.2M$27.8M 990 PDF
FY2019 $7.5M$5.8M$1.7M$26.7M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $11,023,691 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $12,412,908$7,948,008
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $2,683,220$3,002,903
I-11 Other revenuePrior year −$63,130$72,780
I-12 Total revenuePrior year $15,032,998$11,023,691
I-13 Grants and similar amounts paidPrior year $10,191,000$5,410,600
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,636,170$2,789,031
I-18 Total expensesPrior year $12,827,170$8,199,631
I-19 Revenue less expensesPrior year $2,205,828$2,824,060
Part VI · Governance 16 of 17 board members independent, 1 to look at
VI-1a Voting members of the governing body17
VI-1b Independent voting members16
VI-2 Family or business relationship among officers or directorsYes
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 $11,023,691 across 10 lines filed
VIII-1c Fundraising events$380,964
VIII-1f All other contributions, gifts and grants$7,567,044
VIII-1g Noncash contributions (included above)$364,780
VIII-1h Total contributions, gifts and grants$7,948,008
VIII-3 Investment incomeExcluded from tax $874,323$874,323
VIII-6 Net rental income or lossUnrelated business $3,459$3,459
VIII-7 Net gain or loss on sales of assetsExcluded from tax $2,128,580$2,128,580
VIII-8 Net income from fundraising eventsExcluded from tax −$54,606−$54,606
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $123,927$123,927
VIII-12 Total revenueRelated to mission $0 · Unrelated business $3,459 · Excluded from tax $3,072,224$11,023,691
Part IX · Statement of functional expenses $8,199,631 across 15 lines filed
IX-1 Grants to domestic organizationsPrograms $5,410,600$5,410,600
IX-11b Legal feesManagement $7,239$7,239
IX-11c Accounting feesManagement $30,000$30,000
IX-11f Investment management feesManagement $210,350$210,350
IX-11g Other fees for servicesManagement $1,380,146 · Fundraising $29,438$1,409,584
IX-12 Advertising and promotionFundraising $100$100
IX-13 Office expensesManagement $3,130 · Fundraising $57,230$60,360
IX-16 OccupancyManagement $23,256$23,256
IX-17 TravelManagement $6,149 · Fundraising $4,917$11,066
IX-19 Conferences, conventions and meetingsManagement $6,609 · Fundraising $7,460$14,069
IX-20 InterestManagement $1,271$1,271
IX-22 Depreciation, depletion and amortizationManagement $44,154$44,154
IX-23 InsuranceManagement $30,116$30,116
IX-24 Other expenses (24a–d)Management $142,200 · Fundraising $692,783$834,983
IX-24e All other expensesManagement $20,009 · Fundraising $92,474$112,483
IX-25 Total functional expensesPrograms $5,410,600 · Management $1,904,629 · Fundraising $884,402$8,199,631
Part X · Balance sheet $50,211,658 assets, 15 lines filed
Asset lines not itemized here account for $246,262; see the IRS return.
X-2 Savings and temporary cash investmentsStart of year $2,275,432$4,197,633
X-3 Pledges and grants receivableStart of year $1,308,000$252,700
X-4 Accounts receivableStart of year $1,068$7,268
X-9 Prepaid expenses and deferred chargesStart of year $50,559$38,870
X-10c Land, buildings and equipment, netStart of year $193,020$108,740
X-11 Publicly traded securitiesStart of year $38,061,017$41,019,685
X-12 Other securitiesStart of year $2,698,902$4,249,754
X-15 Other assetsStart of year $61,347$90,746
X-16 Total assetsStart of year $45,150,622$50,211,658
X-17 Accounts payable and accrued expensesStart of year $24,731$39,900
X-19 Deferred revenueStart of year $550,705$388,788
X-25 Other liabilitiesStart of year $148,638$262,171
X-26 Total liabilitiesStart of year $724,074$690,859
X-32 Total net assets or fund balancesStart of year $44,426,548$49,520,799
X-33 Total liabilities and net assetsStart of year $45,150,622$50,211,658
Part XI · Reconciliation of net assets $49,520,799 net assets at year end
XI-1 Total revenue$11,023,691
XI-2 Total expenses$8,199,631
XI-3 Revenue less expenses$2,824,060
XI-4 Net assets at start of year$44,426,548
XI-5 Net unrealized gains (losses) on investments$2,270,191
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$49,520,799

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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