2016-11-15T12:54:42-06:00 2016-06-30 351178661 Blue & Co LLC 250 West Main Street Suite 2900 Lexington KY 40507 990 2015-07-01 611285473 Commonwealth Fund for KET Inc COMM 8592587000 560 Cooper Drive Lexington KY 40502 MICHELE RIPLEY PRESIDENT 8592587000 2016-11-11 1 M Melinda Karns P00743346 8592531100 2016-11-11 2015 2017-02-10 21:41:12Z MICHELE RIPLEY 560 Cooper Drive Lexington KY 40502 9061956 0 X WWW.KET.ORG X 1994 KY THE FUND IS TO RECEIVE, HOLD AND ADMINISTER FUNDS PROVIDED BY ITS FUNDRAISING ACTIVITIES FOR THE BENEFIT OF THE KENTUCKY AUTHORITY FOR EDUCATIONAL TELEVISION. 12 11 0 750 0 0 5407862 5638880 0 0 541495 -28123 123762 178783 6073119 5789540 183000 2695600 0 0 0 0 33927 6033 908867 4112173 2032716 4329100 4734349 1744019 1055191 21898776 22655403 3998204 3523090 17900572 19132313 X SEE SCHEDULE O 0 0 2695600 2695600 THE ORGANIZATION'S MISSION IS TO SUPPORT THE AUTHORITY FOR KENTUCKY EDUCATIONAL TELEVISION (KET), THE NATION'S LARGEST PUBLIC TELEVISION NETWORK. REACHING 5.5 MILLION HOME VIEWERS IN EIGHT STATES AND EVERY KENTUCKY SCHOOL, KET'S BROADCAST, ONLINE AND MOBILE SERVICES FEATURE ORIGINALLY PRODUCED DOCUMENTARIES, CULTURAL AND PUBLIC AFFAIRS PROGRAMS ABOUT KENTUCKY; THE NATIONAL PBS LINEUP; AND THE MOST-TRUSTED CHILDREN'S EDUCATIONAL CONTENT. BEYOND THE SCREEN, KET'S CRADLE-TO-CAREER INSTRUCTIONAL SERVICES INCLUDE EARLY CHILDHOOD TEACHING TOOLS AND CERTIFICATION, K-12 ACCREDITED DISTANCE LEARNING COURSES, DIGITAL ASSETS AND PROFESSIONAL TRAINING FOR EDUCATORS, AND GED AND WORKFORCE DEVELOPMENT TOOLS USED NATIONWIDE. THE WEBSITE WWW.KET.ORG/MAKING-A-DIFFERENCE-ARCHIVES TELLS THE STORY OF TEACHERS, STUDENTS, FAMILIES AND COMMUNITIES IMPACTED BY KET'S PROGRAMS AND SERVICES. 2695600 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 1 1 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 15 0 0 0 0 0 0 0 1 1 1 20 0 0 1 0 X 12 11 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 KY X X X Amy Waddell 8592587000 600 COOPER DRIVE LEXINGTON KY 40502 NICk NICHOLSON Chairman 1.00 X X 0 0 0 KIMBERLY D PATTON SECRETARY 1.00 X X 0 0 0 JOHN S DOMASCHKO TREASURER 1.00 X X 0 0 0 MIRA S BALL DIRECTOR 1.00 X 0 0 0 KATHY BRAUER DirECTOR 1.00 X 0 0 0 VICKIE YATES BROWN DIRECTOR 1.00 X 0 0 0 DONNA MOORE CAMPBELL DIRECTOR 1.00 2.00 X 0 500 0 RUSTY CHEUVRONT DIRECTOR 1.00 2.00 X 0 500 0 SHAE HOPKINS DIRECTOR 1.00 51.50 X 0 189262 104268 BILL JONES DIRECTOR 1.00 X 0 0 0 JAMES H MOLLOY Director 1.00 X 0 0 0 HILMA PRATHER DIRECTOR 1.00 2.00 X 0 450 0 WILLIAM T YOUNG JR DIRECTOR 1.00 X 0 0 0 Terri Spinivasan DIRECTOR 1.00 X 0 0 0 MICHELE RIPLEY PRESIDENT 37.50 12.00 X 0 114275 61363 0 304987 165631 0 0 1 0 KET FOUNDATION INC 600 Cooper Drive Lexington KY 40502 Employee & Service Reimbursements 782164 FOREST INCENTIVES 230 Fairhill Street Willow Grove PA 19090 Premiums 182136 BLACKBAUD 20 Canal Park Ste 433 Cambridge MA 02141 Database Management 134276 SouthEast Printing & Mail Service 2528 Palumbo Drive Lexington KY 40509 Direct Marketing Services 118888 4 83987 5554893 200822 5638880 451168 451168 2613774 3093065 -479291 -479291 -479291 351598 83987 179351 172247 172247 Miscellaneous Revenue 900099 6536 6536 6536 5789540 6536 0 144124 2695600 2695600 6033 6033 41077 41077 18078 9617 8461 9720 6834 2886 28249 28249 17046 17046 Contracts 912128 894711 17417 Premiums/Member Cards 339453 339453 Postage and Shipping 253214 1186 252028 413751 131162 282589 4734349 2695600 1129882 908867 4713165 4274240 453005 436319 165213 555371 281418 182213 29201 31664 854579 620668 255080 233911 14632929 14116844 1343884 2799529 24881 25312 21898776 22655403 1566 8110 458834 347632 3537804 3167348 3998204 3523090 X 0 12155322 0 233911 0 6743080 17900572 19132313 21898776 22655403 1055191 176549 0 X X 0 1 X 1 0 X 4281618 4670049 4779830 5328617 5554893 24615007 4281618 4670049 4779830 5328617 5554893 24615007 24615007 326368 397902 386394 521221 451168 2083053 26698060 0.92200 0.92110 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6507362 687850 84254 144800 7134666 5999541 541586 22040 55805 6507362 5216905 36750 927633 181747 5999541 4763521 25250 631832 203698 5216905 4876925 133206 5441 252051 4763521 0.06000 0.28000 0.66000 0 0 731123 502216 228907 123456 118452 5004 233911 Bonds and Notes 2799529 F 2799529 Due to Affiliate 3167348 3167348 6145440 176549 179351 355900 5789540 0 5789540 4913699 179351 179351 4734348 0 4734348 Part V, Line 4: The Commonwealth Fund for KET, Inc. currently maintains four endowments: - The W. Paul and Lucille Caudill Little Arts Endowment was established in 1993, to support arts education. The endowment funds shall be used to educate through the support of quality productions and programs in the fine arts so as to develop creativity in children twelve years old and under. - In October 2003, the Fund established the Endowment for Kentucky Productions. This Endowment shall be used to support KET's production, acquisition and broadcast of quality programs and events that document or celebrate the people, places, history and legends of Kentucky. - In 1999 the Fund established the Endowment for OLP/21st Century Fund. This Endowment shall be used to support KET's public affair programming and events. - In October 2014, the Fund established the John R. Hall Endowment for Education. This Endowment shall be used to support KET's educational resources and services from cradle to career. Part XI, Line 2d - Other Adjustments: Special Event Costs 179,351. Part XII, Line 2d - Other Adjustments: Special Event Costs 179,351. Summer Celebration 284536 70797 213739 112724 Spirits, Sparkles, and Spurs 49266 6100 43166 19757 3 101783 7090 94693 46870 435585 83987 351598 179351 179351 172247 0 KY Educational Television Foundation 600 East Cooper Drive Lexington KY 40502 610722558 2695600 Production of educational programs and support of kentucky public television X X X 0 0 0 0 0 0 0 0 0 SHAE HOPKINS DIRECTOR 0 189262 0 0 0 0 0 79355 0 24913 0 293530 0 0 MICHELE RIPLEY PRESIDENT 0 114275 0 0 0 0 0 46871 0 14492 0 175638 0 0 X 65 32429 Fair Market Value X 18 84406 Fair Market Value X Auction Items 211 70797 Selling Price of Don X Auction Items 35 7090 Selling Price of Don X Auction Items 20 6100 Selling Price of Don 0 0 1 Part I, Line 32b: AUTOMOTIVE RECOVERY SERVICES DBA INSURANCE AUTO AUCTIONS 69 HINCKLEY ROAD P.O. BOX 280 CLINTON, ME 04927 FORM 990 PART III LINE 1: THE ORGANIZATION'S MISSION IS 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. 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 A, line 7b Certain actions of the Commonwealth Fund, as specified in the operating and license agreement, may require approval of the Kentucky Authority for Educational Television. Form 990, Part VI, Section B, line 11 THE COMMONWEALTH FUND FOR KET BOARD ACCEPTED THE LATEST AUDIT AND REVIEWED OTHER 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 THE DEADLINE OF NOVEMBER 15, 2016. 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 THE COMMONWEALTH FUND FOR KET HAS NO EMPLOYEES OF ITS OWN, BUT REIMBURSES THE SALARIES OF EMPLOYEES FROM THE RELATED KET FOUNDATION. KET'S CEO - WHO IS PART OF THE COMMONWEALTH FUND FOR KET BOARD OF DIRECTORS - AUTHORIZES ALL PERSONNEL ACTIONS AND COMPENSATION FOR ALL KET STAFF. FOR FUND STAFF POSITIONS, THE FUND'S EXECUTIVE OFFICER MAKES RECOMMENDATIONS TO THE CEO, INCLUDING COMPENSATION AND BENEFITS COMMENSURATE WITH QUALIFICATIONS WITHIN THE FUND, AND ACHIEVEMENT OF EXISTING STAFF. FOR THE EXECUTIVE OFFICER, THE BOARD CHAIRMAN, TOGETHER WITH MEMBERS OF THE FINANCE COMMITTE OF THE COMMONWEALTH FUND FOR KET BOARD, REGULARLY EVALUATES PERFORMANCE AND COMPENSATION, AND ALSO MAKES RECOMMENDATIONS TO THE CEO. FOR A NEW EXECUTIVE HIRE, RESPONSIBILITY FOR ESTABLISHING A FAIR SALARY AND BENEFITS PACKAGE COULD BE DELEGATED TO A SEARCH COMMITTEE. THE BOARD OF DIRECTORS THEN REVIEWS AND RATIFIES ALL PERSONNEL ACTIONS PRESENTED AT A FULL BOARD MEETING. AS A SUPPORT ORGANIZATION OF THE AUTHORITY FOR KENTUCKY EDUCATIONAL TELEVISION, THE COMMONWEALTH FUND FOR KET MIRRORS OTHER PERSONNEL POLICIES OF THE STATE TO ENSURE SOUND GOVERNANCE. Form 990, Part VI, Section C, line 19 THE DOCUMENTS LISTED ARE AVAILABLE TO THE PUBLIC UPON REQUEST. Form 990, Part XII, Line 2c: THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT OR SELECTION PROCESS DURING THE TAX YEAR. Part X Lines 27 - 29: SOFTWARE LIMITATIONS PREVENT DISCLOSURE OF BEGINNING OF YEAR EQUITY ACCOUNTS. PLEASE SEE PRIOR YEAR FORM 990 FOR BEGINNING OF YEAR AMOUNTS. FORM 990 PART I LINE 13: THE AMOUNT OF GRANTS REPORTED FOR THE CURRENT YEAR INCLUDES ALL AMOUNTS REPORTED FOR GASB PURPOSES. The PRIOR YEAR amount of other expenses on line 17 relating to the grant to the Kentucky Authority for Educational Televsion on line 13 was $2,413,000. PRIOR YEAR IS PRESENTED UNDER FASB, EXPLAINING THE RESULTING DIFFERENCE IN PRESENTATION. Form 990 PART IV LINE 1f: UNDER GASB, A FOOTNOTE TO THE FINANCIAL STATEMENTS THAT ADDRESSES THE ORGANIZATION'S LIABILITY FOR UNCERTAIN TAX POSITIONS IS NOT REQUIRED. KY Educational Television Foundation 600 East cooper drive lexington KY 40502 610722558 Assist the Ky Authority for educational television in the production of educ KY 501(c)(3) Line 7 0 KY Authority for educational television 600 East cooper drive lexington KY 40502 610600439 Acquire and produce educational programs for television KY 501(c)(3) Line 7 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 KY Educational Television Foundation B 2695600 Fair Market Value KY Educational Television Foundation O 868553 Fair Market Value KY Authority for Educational Television P 65388 Fair Market Value KY Educational Television Foundation E 3101959 Fair Market Value KY Authority for Educational Television E 65389 Fair Market Value