KENTUCKY SCIENCE AND TECHNOLOGY CORP Charity Report

Public IRS 990 nonprofit record

KENTUCKY SCIENCE AND TECHNOLOGY CORP

EIN 61-1135362 · Arts, Culture & Humanities (A)

What they do

KENTUCKY SCIENCE and TECHNOLOGY CORPORATION (KSTC) is AN ENTREPRENEURIAL COMPANY DEDICATED to ENHANCING THE CAPACITY of PEOPLE, COMPANIES and ORGANIZATIONS to DEVELOP and APPLY SCIENCE and TECHNOLOGY and COMPETE RESPONSIBLY IN THE GLOBAL MARKETPLACE. KSTCS STRATEGIES ARE TO; 1)DEVELOP A COMPREHENSIVE INNOVATION STRATEGY THAT BRINGS TOGETHER BUSINESS, GOVERNMENT and EDUCATION AS FULL PARTNERS to LEVERAGE THE BEST OPPORTUNITIES for KENTUCKYS FUTURE. 2)CONTRIBUTE to THE CREATION of ENTREPRENEURIAL COMPANIES, JOBS and THE INTERNATIONAL COMPETITIVENESS of KENTUCKYS ECONOMY. 3)PROMOTE TECHNOLOGY DEVELOPMENT and TRANSFER AN INNOVATIVE MIND-SET CONDUCIVE to ENTREPRENEURIAL DEVELOPMENT. 4)DEVELOP A MORE SYSTEMATIC APPROACH BY WHICH ALL LEVELS of EDUCATION (PRIMARY THROUGH UNIVERSITY) CONTRIBUTE to KENTUCKY INNOVATIONS.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $87.30 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 2022The report may be old. Ask for a newer one.

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

90.44%of revenue went to mission work87.3% of expenses · Program services

1.76%of revenue went to fundraising1.7% of expenses

$103.64spent for every $100 of revenueSpending was higher than revenue this year.

11.44%of revenue went to management and office costs11.0% of expenses

$3.16in assets for every $1 spent this yearSome assets cannot be spent right away.

93.0%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 $263,441 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $258,478 for FT SAMUEL JR (PRESIDENT). 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 2022

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$7,233,929

Mission workProgram services$6,542,06290.44% of revenue87.3% of expenses

ManagementOffice and general costs$827,87111.44% of revenue11.0% of expenses

FundraisingAsking for donations$127,4371.76% of revenue1.7% of expenses

Total expenses$7,497,370103.64% 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

2022CurrentExpense mix: 87.3% mission · 11.0% management · 1.7% fundraisingTotal expenses: 103.64% of revenue

2021Expense mix: 83.3% mission · 14.8% management · 2.0% fundraisingTotal expenses: 106.81% of revenue

2020Expense mix: 86.0% mission · 13.9% management · 0.2% fundraisingTotal expenses: 98.54% of revenue

2019Expense mix: 80.0% mission · 19.8% management · 0.1% fundraisingTotal expenses: 100.88% of revenue

2018Expense mix: 85.2% mission · 14.6% management · 0.2% fundraisingTotal expenses: 99.17% of revenue

2017Expense mix: 98.8% mission · 1.1% management · 0.0% fundraisingTotal expenses: 96.45% of revenue

2016Expense mix: 99.3% mission · 0.6% management · 0.0% fundraisingTotal expenses: 102.35% of revenue

2015Expense mix: 99.4% mission · 0.6% management · 0.1% fundraisingTotal expenses: 98.95% of revenue

Money in and money out

Revenue$7,233,929

Expenses$7,497,370

Annual shortfall $263,441 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)$6,542,062 · 87.3% of expenses

Management and office costs$827,871 · 11.0% of expenses

Fundraising$127,437 · 1.7% of expenses

See all reported dollar amounts

Revenue$7,233,929

Expenses$7,497,370

Assets$23,675,490

Income$7,233,929

Contributions$6,730,419

Mission work (program services)$6,542,062

Fundraising$127,437

Grants given$54,492,001

Average grant$159,801

Management and general$827,871

Stocks and bonds$20,668,737

Accounting fees$42,860

People

Leadership and board

Tax year 2022

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

People reported as paid

Person and titleCompensation

FT SAMUEL JRPRESIDENT · 45 hrs/week $258,478Base $217,250 · Other $41,228

STEVE PELPHREYCHIEF FINANCIAL OFFICER · 45 hrs/week $176,256Base $136,779 · Other $39,477

ANTHONY MIRESEXECUTIVE DIRECTOR · 45 hrs/week $171,246Base $132,769 · Other $38,477

KELBY PRICEEXECUTIVE DIRECTOR · 45 hrs/week $156,183Base $132,155 · Other $24,028

NANCY BROWNEXECUTIVE DIRECTOR · 45 hrs/week $150,223Base $122,222 · Other $28,001

MARIA LABREVEUXEXECUTIVE DIRECTOR · 45 hrs/week $146,490Base $119,020 · Other $27,470

CHRIS BAKERIT DIRECTOR · 45 hrs/week $131,744Base $99,671 · Other $32,073

MONIQUE RICESR CONTENT DIRECTOR · 45 hrs/week $122,325Base $95,991 · Other $26,334

LEW ACAMPORASR CONTENT DIRECTOR · 45 hrs/week $114,971Base $101,035 · Other $13,936

LISA BAJORINASEXECUTIVE DIRECTOR · 45 hrs/week $109,361Base $100,266 · Other $9,095

ANNETTE WILLIAMSSR CONTENT DIRECTOR · 45 hrs/week $108,776Base $94,293 · Other $14,483

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)

FT SAMUEL JRPRESIDENT

STEVE PELPHREYCHIEF FINANCIAL OFFICER

ANTHONY MIRESEXECUTIVE DIRECTOR

KELBY PRICEEXECUTIVE DIRECTOR

NANCY BROWNEXECUTIVE DIRECTOR

MARIA LABREVEUXEXECUTIVE DIRECTOR

CHRIS BAKERIT DIRECTOR

MONIQUE RICESR CONTENT DIRECTOR

LEW ACAMPORASR CONTENT DIRECTOR

LISA BAJORINASEXECUTIVE DIRECTOR

ANNETTE WILLIAMSSR CONTENT DIRECTOR

SALLY SUGGDIRECTOR

MS SHIELA MEDINADIRECTOR

MS SUSAN WEISSSECRETARY/TREASURER

NAASHOM MARXDIRECTOR

TOM OTIENODIRECTOR

SAM BURCHETTCHAIR

SAMANTHA LANGLEYDIRECTOR

ANGELICA VEGADIRECTOR

MR MARK KRISTYVICE-CHAIR

MR JAMES W GARDNERDIRECTOR

MIKE NORMANDIRECTOR

KEVIN GARDNERDIRECTOR

JENI AL BAHRANIDIRECTOR

IAN MCCLUREDIRECTOR

DR K DANIEL SEEVERSEXECUTIVE COMMITTEE MEMBER

CHARLES BEACH IVDIRECTOR

BRETT TRAVERDIRECTOR

ANGELIQUE JOHNSONDIRECTOR

About this charity

Recognized since: January 1988
Location: PO BOX 1049, LEXINGTON, KY 40588-1049
County: Fayette
In care of: FT SAMUEL JR
Primary officer: FT SAMUEL JR, PRESIDENT

How to reach them

WebsiteVisit the charity’s website Phone(859) 233-3502

Filing and classification

Latest tax year: 2022
Tax period began: October 1, 2022
Return type: 990
Tax preparer: BLUE & CO LLC
NTEE classification: Arts, Culture & Humanities (A)
IRS tax category: Arts, Culture & Humanities
Grant-giving organization: Yes