2015-11-13T14:43:06-06:00 2015-06-30 310905417 VONLEHMAN & COMPANY INC 250 GRANDVIEW DR SUITE 300 FT MITCHELL KY 41017 990 2014-07-01 611285473 COMMONWEALTH FUND FOR KET INC COMM 8592587000 600 COOPER DRIVE LEXINGTON KY 40502 MICHELE RIPLEY PRESIDENT 8592587000 2015-11-13 1 ADAM MDAVEY P00228237 8593313300 2015-11-12 2014 2016-03-07 17:11:31Z MICHELE RIPLEY 600 COOPER DRIVE LEXINGTON KY 40502 9990960 0 X WWW.KET.ORG X 1994 KY SEE SCHEDULE O. 15 13 0 945 0 0 5242983 5407862 0 0 548493 541495 120745 123762 5912221 6073119 1280309 183000 0 0 0 0 19996 33927 905282 3941972 4112173 5242277 4329100 669944 1744019 20463166 21898776 4256696 3998204 16206470 17900572 X 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. 0 0 2413000 183000 RAISE AND ADMINISTER FUNDS FOR THE BENEFIT OF KENTUCKY AUTHORITY FOR EDUCATIONAL TELEVISION 2413000 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 1 0 0 0 0 0 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 11 0 0 0 0 0 0 0 1 1 1 4 0 0 1 0 X 15 13 0 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 0 KY X X X SUSAN KANIS 8592587000 600 COOPER DRIVE LEXINGTON KY 40502 MIRA S BALL DIRECTOR 1.00 X 0 0 0 JOHN S DOMASCHKO TREASURER 1.00 X X 0 0 0 JOHN R HALL CHAIRMAN EMERITUS 1.00 X X 0 0 0 BILLY HARPER DIRECTOR 1.00 X 0 0 0 JAMES H MOLLOY DIRECTOR 1.00 X 0 0 0 NICK NICHOLSON CHAIRMAN 1.00 X X 0 0 0 KIMBERLY D PATTON SECRETARY 1.00 X X 0 0 0 SHAE HOPKINS DIRECTOR (AUTHORITY) 1.00 53.50 X 0 162095 91644 WILLIAM T YOUNG JR DIRECTOR 1.00 X 0 0 0 VICKIE YATES BROWN DIRECTOR 1.00 X 0 0 0 DONNA MOORE CAMPBELL DIRECTOR (AUTHORITY) 1.00 2.00 X 0 500 0 RUSTY CHEUVRONT DIRECTOR 1.00 2.00 X 0 400 0 HILMA PRATHER DIRECTOR (AUTHORITY) 1.00 2.00 X 0 500 0 TERRI SRINIVASAN DIRECTOR 1.00 X 0 0 0 BILL JONES DIRECTOR 1.00 X 0 0 0 MICHELE RIPLEY PRESIDENT 37.50 12.00 X 0 113138 59222 0 276633 150866 0 0 1 0 KET FOUNDATION INC 600 COOPER DRIVE LEXINGTON KY 40502 LEASED EMPLOYEES & SERVICES 765464 FOREST INCENTIVES 230 FAIRHILL STREET WILLOW GROVE PA 19090 PREMIUMS 210438 BLACKBAUD 20 CANAL PARK STE 433 CAMBRIDGE MA 02141 DATABASE MANAGEMENT 134703 DIRECT MAIL WORLDWIDE 36 CORDAGE PARK CIRCLE PLYMOUTH MA 02360 DIRECT MARKETING SERVICES 108161 4 79245 5328617 121050 5407862 521221 521221 3796566 6375 3776292 6375 20274 0 20274 20274 258936 79245 135174 123762 123762 6073119 0 0 665257 183000 183000 33927 33927 28722 28722 16093 8819 7274 7533 5975 1558 27223 27223 16485 16485 CONTRIBUTIONS TO KET 2230000 2230000 CONTRACTS 826126 802144 23982 PREMIUMS/MEMBER CARDS 311164 184 310980 POSTAGE AND SHIPPING 277248 1393 275855 371579 119873 251706 4329100 2413000 1010818 905282 4720976 4713165 509719 453005 306078 165213 161059 281418 27308 29201 865848 610768 261550 255080 13001412 14632929 1440813 1343884 34251 24881 20463166 21898776 70508 1566 360891 458834 3825297 3537804 4256696 3998204 X 10206929 11784796 3975958 4092193 2023583 2023583 16206470 17900572 20463166 21898776 1744019 -49917 0 X X 0 1 X 1 0 X 3688272 4281618 4670049 4779830 5328617 22748386 3688272 4281618 4670049 4779830 5328617 22748386 22748386 317245 326368 397902 386394 521221 1949130 24697516 1501567 0.92110 0.92650 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5999541 541586 22040 55805 6507362 5216905 36750 927633 181747 5999541 4763521 25250 631832 203698 5216905 4876925 133206 5441 252051 4763521 4340112 826813 290000 4876925 0.06000 0.31100 0.62900 0 0 728318 475662 252656 137530 135106 2424 255080 FRANKLIN FOUNDING FDS ALLOC A 1343884 F 1343884 DUE TO AFFILIATE 3537804 3537804 X 6174112 -49917 15736 135174 100993 6073119 0 6073119 4480010 15736 135174 150910 4329100 0 4329100 PART X, LINE 2: THE FUND HAS ADOPTED THE PROVISIONS OF THE ACCOUNTING PRONOUNCEMENT RELATED TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE FUND RECOGNIZED NO INTEREST OR PENALTIES IN THE STATEMENTS OF ACTIVITIES FOR BOTH THE YEARS ENDED JUNE 30, 2015 AND 2014. IF THE SITUATION AROSE IN WHICH THE FUND WOULD HAVE INTEREST TO RECOGNIZE, IT WOULD RECOGNIZE THIS AS INTEREST EXPENSE AND PENALTIES WOULD BE RECOGNIZED IN OTHER EXPENSES. CURRENTLY, THE PRIOR THREE YEARS ARE OPEN UNDER FEDERAL AND STATE STATUTES OF LIMITATIONS AND REMAIN SUBJECT TO REVIEW AND CHANGE. THE FUND IS NOT CURRENTLY UNDER AUDIT NOR HAS THE FUND BEEN CONTACTED BY THESE JURISDICTIONS. BASED ON THE EVALUATION OF THE FUND'S TAX POSITION, MANAGEMENT BELIEVES ALL POSITIONS TAKEN WOULD BE UPHELD UNDER EXAMINATION. THEREFORE, NO PROVISION FOR THE EFFECTS OF UNCERTAIN TAX POSITIONS HAS BEEN RECORDED FOR BOTH THE YEARS ENDED JUNE 30, 2015 AND 2014. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS COSTS 135,174. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS COSTS 135,174. X 1 COMNET MARKETING GROUP INC 1214 STOWE AVENUE MEDFORD OR 97501 TELEMARKETING 0 41981 33927 8054 41981 33927 8054 KY SUMMER CELEBRATION 246396 70100 176296 97139 NORTHERN KENTUCKY HOLIDAY 45921 9145 36776 15689 2 38225 38225 19049 330542 79245 251297 131877 131877 119420 0 KY EDUCATIONAL TELEVISION FOUNDATION 600 EAST COOPER DRIVE LEXINGTON KY 40502 610722558 501(C)(3) 183000 PRODUCTION OF EDUCATIONAL PROGRAMS X X X 0 0 0 0 0 0 0 0 0 SHAE HOPKINS DIRECTOR (AUTHORITY) 0 162095 0 0 0 0 0 68268 0 23376 0 253739 0 0 MICHELE RIPLEY PRESIDENT 0 113138 0 0 0 0 0 46407 0 12815 0 172360 0 0 X 16 6375 FAIR MARKET VALUE X 13 30070 FAIR MARKET VALUE X AUCTION ITEMS FOR SUMMER CELEBRATION 347 70100 SELLING PRICE OF DON X AUCTION ITEMS FOR NKY MARTINIS & MISTLETOE 49 9145 SELLING PRICE OF DON 0 0 1 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 FORM 990 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 16, 2015. 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 LEASES AND PAYS 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, EXPERIENCE, MARKET VALUE, NATIONAL SALARY STUDIES, EQUITY CONSIDERATIONS WITHIN THE FUND, AND ACHIEVEMENT OF EXISTING STAFF. FOR THE EXECUTIVE OFFICER, THE BOARD CHAIRMAN, TOGETHER WITH MEMBERS OF THE FINANCE COMMITTEE 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 VII MICHELE RIPLEY - 600 COOPER DRIVE, LEXINGTON, KY 40502. MIRA S. BALL - PO BOX 12950, LEXINGTON, KY 40583. JOHN S. DOMASCHKO - 1 ROEBLING WAY, COVINGTON, KY 41011. JOHN R. HALL - 333 WEST VINE STREET, SUITE 300, LEXINGTON, KY 40507. BILLY HARPER - 960 NORTH H.C. MATHIS DRIVE, PADUCAH, KY 42001. JAMES H. MOLLOY - 1536 SOUTH OCEAN DRIVE, 405A, VERO BEACH, FL 32963. NICK NICHOLSON - 4856 WATERSIDE DRIVE, LEXINGTON, KY 40513. KIMBERLY D. PATTON - 300 W. 4TH STREET, CINCINNATI, OH 45202. SHAE HOPKINS - 600 COOPER DRIVE, LEXINGTON, KY 40502. WILLIAM T. YOUNG, JR. - PO BOX 1110, LEXINGTON, KY 40589. VICKIE YATES BROWN - 201 E. JEFFERSON STREET, STE 314, LOUISVILLE, KY 40202. DONNA MOORE CAMPBELL - 1833 ST. IVES CIRCLE, LEXINGTON, KY 40502. RUSTY CHEUVRONT - 850 DIXIE HIGHWAY, LOUISVILLE, KY 40210. HILMA PRATHER - 510 NORTH MAIN STREET, SOMERSET, KY 42501. TERRI SRINIVASAN - 492 GLEN CIRCLE, MAYSVILLE, KY 41056. BILL JONES - 333 BROADWAY STREET, PADUCAH, KY 42001. FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT OR SELECTION PROCESS DURING THE TAX YEAR. FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: THE FUND IS TO RECEIVE, HOLD AND ADMINISTER FUNDS PROVIDED BY ITS FUNDRAISING ACTIVITIES FOR THE BENEFIT OF THE KENTUCKY AUTHORITY FOR EDUCATIONAL TELEVISION. KY EDUCATIONAL TELEVISION FOUNDATION 600 EAST COOPER DRIVE LEXINGTON KY 40502 610722558 ASSIST THE KY AUTH. FOR EDUC'L TELE. IN THE PRODUCTION OF EDUC'L PROGRAMS KY 501(C)(3) 170(B)(1) (A)(VI) 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) 170(B)(1) (A)(VI) 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 2413000 FAIR MARKET VALUE KY EDUCATIONAL TELEVISION FOUNDATION O 793400 FAIR MARKET VALUE KY AUTHORITY FOR EDUCATIONAL TELEVISION P 77500 FAIR MARKET VALUE KY EDUCATIONAL TELEVISION FOUNDATION E 3473128 FAIR MARKET VALUE