KENTUCKY VALLEY EDUCATIONAL COOPERATIVE INC Charity Report

Public IRS 990 nonprofit record

KENTUCKY VALLEY EDUCATIONAL COOPERATIVE INC

EIN 61-0729917 · Educational Services (B90)

What they do

THE KENTUCKY VALLEY EDUCATIONAL COOPERATIVE (KVEC) is DEDICATED to RESHAPING THE EDUCATIONAL NARRATIVE IN APPALACHIAN KENTUCKY ALONG WITH SEVEN OTHER SISTER COOPERATIVES ACROSS THE STATE and THEIR RESPECTIVE REGIONS. ESTABLISHED IN 1971 AS A NON-PROFIT EDUCATIONAL SERVICE PROVIDER UNDER IRS CODE SECTION 501(C)(3), KVEC ADDRESSES COMMON EDUCATIONAL CHALLENGES BY UNITING SCHOOL DISTRICTS IN EASTERN KENTUCKY. IT SERVES 27 MEMBER DISTRICTS, EACH REPRESENTED BY THEIR SUPERINTENDENT ON KVECS BOARD of DIRECTORS. KVEC is HOME to A SPECIAL EDUCATION REGIONAL TECHNICAL ASSISTANCE CENTER (SERTAC), SUPPORTED BY FEDERAL IDEA-B FUNDS and SERVING AS A REGIONAL ARM to THE KENTUCKY DEPARTMENT of EDUCATION, ALONGSIDE VARIOUS OTHER INITIATIVES TARGETING GENERAL EDUCATION IMPROVEMENT. KVEC COLLABORATES WITH NATIONAL and LOCAL PARTNERS INCLUDING THE KENTUCKY DEPARTMENT of EDUCATION, MULTIPLE COLLEGES and UNIVERSITIES, and THE KENTUCKY ASSOCIATION of EDUCATIONAL COOPERATIVES, to ENHANCE EDUCATIONAL OUTCOME

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $89.40 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders29 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

94.51%of revenue went to mission work89.4% of expenses · Program services

$105.72spent for every $100 of revenueSpending was higher than revenue this year.

11.21%of revenue went to management and office costs10.6% of expenses

$1.03in assets for every $1 spent this yearSome assets cannot be spent right away.

85.4%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $288,831 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $173,492 for JERRY GREEN (EXECUTIVE DI). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$5,046,909

Mission workProgram services$4,769,82294.51% of revenue89.4% of expenses

ManagementOffice and general costs$565,91811.21% of revenue10.6% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Total expenses$5,335,740105.72% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 89.4% mission · 10.6% management · 0.0% fundraisingTotal expenses: 105.72% of revenue

2019Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 127.38% of revenue

2018Expense mix: 92.1% mission · 7.9% management · 0.0% fundraisingTotal expenses: 83.02% of revenue

2017Expense mix: 97.1% mission · 9.9% management · 0.0% fundraisingTotal expenses: 80.50% of revenue

2016Expense mix: 97.5% mission · 2.5% management · 0.0% fundraisingTotal expenses: 98.63% of revenue

2015Expense mix: 97.3% mission · 2.7% management · 0.0% fundraisingTotal expenses: 102.99% of revenue

Money in and money out

Revenue$5,046,909

Expenses$5,335,740

Annual shortfall $288,831 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$4,769,822 · 89.4% of expenses

Management and office costs$565,918 · 10.6% of expenses

See all reported dollar amounts

Revenue$5,046,909

Expenses$5,335,740

Assets$5,503,746

Income$5,046,909

Contributions$4,308,466

Mission work (program services)$4,769,822

Management and general$565,918

Accounting fees$11,874

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

JERRY GREENEXECUTIVE DI · 40 hrs/week $173,492

JOHNNY BELCHERFINANCE DIRE · 40 hrs/week $155,988

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (29)

JERRY GREENEXECUTIVE DI

JOHNNY BELCHERFINANCE DIRE

GREG CONNBOARD MEMBER

WAYNE SIZEMOREBOARD MEMBER

TONYA WILLIAMSBOARD MEMBER

TIM SPENCERBOARD MEMBER

THOM COCHRANBOARD MEMBER

SONDA COMBSBOARD MEMBER

SEAN HOWARDBOARD MEMBER

PHILLIP WATTSBOARD MEMBER

LARRY JAMESBOARD MEMBER

KENT CAMPBELLBOARD MEMBER

KENNY BELLBOARD MEMBER

KATIE WEBBBOARD MEMBER

JAMES CORNETT IIBOARD MEMBER

BRETT WILSONBOARD MEMBER

FREDDIE BOWLINGBOARD MEMBER

EARL SHULERBOARD MEMBER

DR RALPH HAMILTONBOARD VICE-C

DR PAUL GREENBOARD MEMBER

DR JAMIE JOHNSONBOARD MEMBER

DENNIS MESSERBOARD CHAIR

DENIST YONTSBOARD MEMBER

DAVID TRIMBLEBOARD MEMBER

DAVID COXBOARD MEMBER

DAMIAN JOHNSONBOARD MEMBER

CHRIS MEADOWSBOARD MEMBER

CHARLES MORTONBOARD MEMBER

BRIAN AUXIERBOARD MEMBER

About this charity

Recognized since: January 2024
Location: 412 ROY CAMPBELL DR, HAZARD, KY 41701-9453
County: Perry
In care of: % TERESA STEWART
Primary officer: JOHNNY BELCHER, FINANCE DIRECTOR

How to reach them

WebsiteVisit the charity’s website Phone(606) 436-3161

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: CRAFT WANINGER NOBLE & COMPANY PLLC
NTEE classification: Educational Services (B90)
IRS tax category: Educational Services